Instant Reaction: Mortgage Rates, June 20, 2024 The 30-year fixed mortgage rate from Freddie Mac continued with small incremental declines to 6.87% over the last week from 6.95%. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
https://www.scstatehouse.gov/sess125_2023-2024/prever/881_20231130.htm Consumers impacted should contact their attorney asap. S.881 , Prohibition of unfair service agreements, was signed into law on May 20, 2024. This legislation prohibits the recording of unfair service agreements (long term listing agreements) and deems them unfair if they meet certain criteria (like running with the property or creating a lien or… Continue Reading NTRAPS, Unfair Service Agreements, Multiple Years Long Marketing/Listing Agreements, Regulated in 2024
New appraisal statute for the appraisers was updated in 2024: https://www.scstatehouse.gov/code/t40c060.php#40-60-30 SECTION 1.Section 40-60-30(1) of the S.C. Code is amended to read: (1) A real estate licensee licensed in accordance with Chapter 57, Title 40 who performs a market analysis or gives an opinion as to the price of real estate on the condition that… Continue Reading Put This Language in Your BPO CMA RPR
Metro Areas Producing More Housing Than Their Average Increased construction activity can be attributed to various factors such as economic growth, population influx, and urban development initiatives.Powered by WPeMatico
Mortgage Rates, Higher Home Prices Hinder Affordability Compared to March 2024, the monthly mortgage payment in April 2024 increased by 5.7%, while the median price of single-family homes increased by 0.1%. By: Michael Hyman Mortgages & Home Financing Powered by WPeMatico
Paint Firms Choose ‘Stain Exterior Colors of the Year’ Find some color inspiration for decks, front doors, siding and more. By: Melissa Dittmann Tracey Design & Architecture, Design Trends Powered by WPeMatico
Showcase Your Eye for Design With a .realestate Domain In a field where bold and creative designs are make-or-break factors in closings, shouldn’t your website reflect your unique aesthetic? Marketing, Effective Online Marketing Powered by WPeMatico
https://www.benefits.va.gov/HOMELOANS/documents/circulars/26-24-14.pdf Posted by: Byron King on 06/17/24 (This information is only accurate as of 06/17/24. You must contact SCR for updates and changes to this information after 06/17/24 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… Continue Reading VA Circular or Rules Variance
Instant Reaction: CPI, June 12, 2024 Inflation is moving in the right direction, but it is not quite at the point for the Fed to cut interest rates. By: Lawrence Yun Powered by WPeMatico
Post Settlement MLS Rules Changes will remove the OFFER of compensation from MLS. Recall that MLS is a CONTRACT between participants. Recall from your real estate schooling that a CONTRACT results from an OFFER and an ACCEPTANCE and CONSIDERATION. Therefore, the OFFER of compensation in MLS becomes a mere COMMUNICATION or ADVERTISEMENT of compensation, but… Continue Reading NAR: Advertising Compensation, Seller Concessions Post Settlement MLS Rules Changes Coming in August