Instant Reaction: Jobs, August 2, 2024
Instant Reaction: Jobs, August 2, 2024 Mortgage rates are plunging on the news of weak job growth and rising unemployment, which is at 4.3%. By: Lawrence Yun Powered by WPeMatico
Instant Reaction: Mortgage Rates, July 25, 2024
Instant Reaction: Mortgage Rates, July 25, 2024 The 30-year fixed mortgage rate from Freddie Mac was nearly unchanged at 6.78% this week vs 6.77% last week. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
June 2024 Existing-Home Sales Drop as Median Price Hits $426,900
June 2024 Existing-Home Sales Drop Housing market activity declined 5.4% from May to June 2024, and all four regions of the U.S. saw year-over-year home price growth. By: Michael Hyman Powered by WPeMatico
The Housing Affordability Index: Home Prices Surge and Rising Mortgage Rates Troubled Affordability in May 2024
Diminished Housing Affordability in May 2024 The monthly mortgage payment increased by 3.9%, while the median price of single-family homes rose by 5.7% (from $401,500 to $424,500) year-over-year. By: Michael Hyman Powered by WPeMatico
Top Home Features Swaying Buyers’ Purchase Decisions
Top Home Features Swaying Buyers’ Purchase Decisions A new study suggests touting these property upgrades in your listing description to achieve a quicker sale. By: Melissa Dittmann Tracey Working With Sellers, Staging, Design & Architecture, Design Trends Powered by WPeMatico
NAR Latest Update to the Nationwide Sellers Class Actions Lawsuits Settlement Practice Changes
Ahead of the August 17 implementation of NAR’s practice changes, we wanted to provide a few reminders of actions that are required to obtain a release of liability and protect your organization from claims related to broker commissions: We recommend all MLSs implement practice changes by August 17. REALTOR® MLSs (those owned exclusively by one [...]
Instant Reaction, Mortgage Rates, July 18, 2024
Instant Reaction, Mortgage Rates, July 18, 2024 The 30-year fixed mortgage rate from Freddie Mac fell further to 6.77% over the last week from 6.89%. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
NAR Mediation School
If you're interested in refining your mediation skills or know someone that would benefit from mediation training, sign up today for this fall's Mediator/Mediation training, taking place in Chicago on Sept 4, 5, and 6. There are only eight spots still available as space is limited to 50 attendees. For more information and to register, [...]
NAR on Broker to Broker Agreements
https://www.nar.realtor/the-facts/broker-to-broker-agreements-101 This information is only accurate as of 07/17/24. You must contact SCR for updates and changes to this information after 07/17/24 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This information is intended only to provide [...]
Instant Reaction Housing Starts, July 17, 2024
Instant Reaction Housing Starts, July 17, 2024 New apartment units completed reached a 50-year high in June, and rents have stopped rising in many cities due to the oversupply of rental units. By: Lawrence Yun Powered by WPeMatico