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PropStream to Attend the Brandon Turner REI Summit

USA Real Estate News-RISMedia - Thu, 2024-03-21 14:13

PropStream, a real estate lead generation platform, has announced it is attending the Brandon Turner REI Summit from May 3-5, 2024, in Denver, Colorado. The event will take place at the Hyatt Regency Denver in the Colorado Convention Center. The REI Summit, hosted by BetterLife, is a conference that gathers real estate investors to learn…

The post PropStream to Attend the Brandon Turner REI Summit appeared first on RISMedia.

Don’t Forget the Basics: How to Market a Home in a Seller’s Market

USA Real Estate News-RISMedia - Thu, 2024-03-21 14:08

Selling your home is a significant decision. The right strategies can make the process smoother and more profitable. Even in a seller’s market, you can’t take the basics of selling a home for granted. We will cover critical strategies, including professional photography, online platforms and writing compelling descriptions. We aim for clarity, brevity and effectiveness…

The post Don’t Forget the Basics: How to Market a Home in a Seller’s Market appeared first on RISMedia.

Existing-Home Sales Surged in February

USA Real Estate News-RISMedia - Thu, 2024-03-21 13:52

Existing-home sales surged last month, up 9.5% in February, reaching a seasonally adjusted rate of 4.38 million—the largest monthly increase since the same period last year—according to the latest report from the National Association of REALTORS® (NAR). “The uptick in sales activity between January and February is a good sign, but there is some uncertainty…

The post Existing-Home Sales Surged in February appeared first on RISMedia.

Attorneys Say Legal Battles Will Continue as Companies Face Tough Choices

USA Real Estate News-RISMedia - Thu, 2024-03-21 12:54

“This is not the end. It is not even the beginning of the end—but it is, perhaps, the end of the beginning.” Winston Churchill was referencing battles and war, not real estate, when he spoke those words. But in the lower-stakes context of the National Association of REALTORS® (NAR) settling seller lawsuits last week, the…

The post Attorneys Say Legal Battles Will Continue as Companies Face Tough Choices appeared first on RISMedia.

Redfin expands new compensation plan to 7 more markets

USA Real Estate News-Inman - Thu, 2024-03-21 12:36
Seattle-based brokerage Redfin has expanded its commission-based payment model, Redfin Next, to agents in Chicago, Connecticut, Dallas, Miami, New York, Palm Beach and Washington, D.C. Redfin execs said Redfin Next will help them navigate market "ups and downs," including the NAR settlement.

Mortgage Rates Tick Up, Nearing 7%

USA Real Estate News-RISMedia - Thu, 2024-03-21 11:39

After two consecutive weeks of declines, mortgage rates are back on the rise this week, up to 6.87% from last week’s average of 6.74%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday.  This week’s numbers: The 30-year FRM averaged 6.87% as of March 21, 2024, up from last week…

The post Mortgage Rates Tick Up, Nearing 7% appeared first on RISMedia.

Residential Construction Helps Drive First Leading Economic Indicators Upswing in Two Years

USA Real Estate News-RISMedia - Thu, 2024-03-21 11:34

The Leading Economic Index (LEI) increased by 0.1% in February to 102.8, marking the first time in two years the business-cycle monitor showed an uptick, thanks in part to residential construction, according to the latest release from The Conference Board.  According to the latest report, the increase follows a 0.4% decline in January. Over the six-month…

The post Residential Construction Helps Drive First Leading Economic Indicators Upswing in Two Years appeared first on RISMedia.

$3M deal goes up in flames after agent open house mishap

USA Real Estate News-Inman - Thu, 2024-03-21 11:21
A Sydney listing agent accidentally burned down her client's $3 million home. Five years after the accident, her broker has been ordered to pay $850K in damages.

Existing-home sales rose 9.5% amid winter inventory boost

USA Real Estate News-Inman - Thu, 2024-03-21 11:10
Existing-home sales were on the upswing in February, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 3.3 percent year-over-year from 4.53 million in February 2023 to a seasonally adjusted annual rate of 4.38 million. Although sales failed to break out of an annual slump, they rose 9.5 percent from January — marking the most significant monthly gain in a year.

We asked ChatGPT about agent value. Its answers may surprise you

USA Real Estate News-Inman - Thu, 2024-03-21 10:50
ChatGPT answered questions about the value a real estate agent has and about how real estate commissions work. Do you agree with its answers?

Online course aims to prep buyer agents for real estate wild west

USA Real Estate News-Inman - Thu, 2024-03-21 10:00
Kaplan’s new Buyer Agency Professional course aims to help buyer agents negotiate the ways they are compensated.
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