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Fed Moves Ahead With Expected Quarter-Point Rate Cut | ||
11/7/2024 3:09 PM | ||
After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the housing market in 2025. The cut to the Fed’s benchmark interest rate brings it to...Read More | ||
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NAR Quarterly Report: 87% of Metros Post Home Price Gains in Q3 2024 | ||
11/7/2024 1:53 PM | ||
The National Association of REALTORS®’ (NAR) latest quarterly report shows that single-family existing-home sales prices climbed in 87% of measured metro areas (196 out of 226) in the third quarter of 2024 as mortgage rates continued to trend lower, with the 30-year fixed mortgage rate ranging from 6.08% to 6.95%. This is down from 89%̷...Read More | ||
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Women In Real Estate: Redefining Client-Centered Success | ||
11/7/2024 12:46 PM | ||
Above, Lysi Bishop In Boise’s luxury real estate market, Lysi Bishop—founder of Lysi Bishop Real Estate of Keller Williams Realty Boise—has established a legacy of efficiency and client satisfaction. With over 30 years of experience and more than $2B in sales, she leads a full-service team of 20 agents and 30 support staff dedicated to…Read More | ||
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CRS Data’s MLS Tax Suite Empowers MLSs With Customized Data Sets to Meet the Needs of Their Customers | ||
11/7/2024 12:41 PM | ||
As any real estate professional can attest, universal solutions often fall short given the distinct needs of industry professionals across the board. This is especially true for Multiple Listing Services (MLS), which frequently struggle with the complexities of property data. While some standardized platforms may suit individual agents or ...Read More | ||
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Mortgage Rates Move Up for Sixth Straight Week | ||
11/7/2024 12:23 PM | ||
Mortgage rates inched up again this week, a six-week runup to date and not expected to stabilize by the end of the year, experts noted. The 30-year fixed-rate mortgage averaged 6.79% this week, up from the previous week’s average of 6.72%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released T...Read More | ||
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Zillow Reports Blowout Earnings, Touts Settlement Adaptations | ||
11/7/2024 12:18 PM | ||
Addressing investors after a Q3 earnings report—in which the company greatly outpaced the broader industry and beat its own expectations—Zillow Chief Financial Officer Jeremy Hoffman said the portal giant is expecting continued tailwinds from broader changes to the real estate industry. “We work with the best partners, and we provide the most te...Read More | ||
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How Industry Experts See Trump’s Return to the White House Impacting Housing | ||
11/7/2024 11:41 AM | ||
As Trump’s victory over Democratic candidate Vice President Kamala Harris became apparent on Wednesday, bond markets reacted sharply. The benchmark 10-year Treasury yield jumped to 4.479%, its highest level since July, according to news reports. Mortgage rates responded in kind, with the average 30-year fixed rate rising to 7.13% on Wednesday, u...Read More | ||
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Anywhere Q3: Sales Fall 3.1% YoY; Burnett Settlement Payments Proceeding | ||
11/7/2024 11:05 AM | ||
In a Q3 2024 earnings call Nov. 7, Anywhere Real Estate reported financial results for the third quarter ended September 30, 2024, which included earnings of $7 million but sales falling 3.1% year on year to $1.54 billion. On a per-share basis, the Madison, New Jersey-based company said it had profit of 6 cents. Earnings,… The post ...Read More | ||
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The Four Biggest Takeaways From the Copycat Settlement Approvals | ||
11/7/2024 10:45 AM | ||
Last week, Judge Stephen Bough of the Western District of Missouri—who oversaw the Burnett case and trial—approved settlements struck by eight large brokerages in the largest Burnett commission copycat case. Those deals bring the total number of settlements that have received a final, court-required sign-off to 11, with the National Association ...Read More | ||
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Creating a Workflow to Streamline Your Daily Tasks and Improve Client Communications | ||
11/7/2024 10:02 AM | ||
Sometimes the best way to structure your day doesn’t spring immediately to mind—a “workflow,” or a planned series of activities that help you complete a task, is needed. You may need a way to organize your thoughts and tasks in order to maximize efficiency for both yourself and your clients’ benefit. To become a go-to… The post Read More | ||