Preparing Now for What’s Next in Real Estate: A Special Message from RISMedia CEO John Featherston
As we move into the summer market, it’s time to take action to propel your business through the end of the year and into 2024. This special message from RISMedia CEO John Featherston offers an exclusive preview of just some of the hundreds of industry leaders that will be on hand to educate and network…
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Multifamily Rents Rise for Third Consecutive Month
Multifamily rents increased for the third month in a row in May, rising $7 to $1,716, according to a new report from Yardi Matrix. After a five-month pause in growth, rents previously rose $3 (to $1,706) in March and $5 to $1,709 in April. Yardi Matrix’s National Multifamily Report for May found that year-over-year growth…
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Luxury Real Estate Dominated by Women and the Well-Educated
The state of luxury real estate has shifted in recent years to be more focused in the female and the well-educated demographics, according to a new report from Luxury Portfolio, a network of independently-run luxury real estate brokerages. Luxury Portfolio’s report is part of findings from their ongoing State of Luxury Real Estate research, which…
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What Does ‘Coming Soon’ Mean in Real Estate?
When searching the property listings for your next home, you might find some “coming soon” properties. If you are interested in a listing like this, what do you need to know about coming soon homes for sale? We look at the things you need to be aware of with coming soon real estate listings when…
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Housing Affordability Posts Solid Gain, but Still Much Lower From a Year Ago
The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) tracks updates in housing affordability. The data found that nominal wage gains (unadjusted for inflation) combined with lower mortgage rates and home prices helped to boost housing affordability at the start of 2023. However, ongoing supply chain issues and wage growth cooling…
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AI-Powered Real Estate Marketing Is Here to Stay. Are You Ready?
Any tools that help real estate agents free up time to focus on client relationships is usually a win-win. Enter Artificial Intelligence, or AI, into the chat. With AI-powered tools like ChatGPT, agents can automate their email marketing, quickly write property listing descriptions, create housing market forecasts and much more. Although AI has long been…
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Growing Deficit of Middle-Income Homes Unbalances Market
There just aren’t enough homes—and the homes that are available are becoming increasingly unaffordable. That has been the refrain from consumers, advocates and real estate professionals at least since the pandemic, and in many regions, going back years earlier. Now, though, a joint analysis between the National Association of REALTORS® (NAR) and Realtor®.com is attempting…
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Mortgage Rates Decline After a Three-Week Ascent
After three weeks of hikes, mortgage rates did an about-face this week. According to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac, the 30-year fixed-rate mortgage (FRM) averaged 6.71% this week, down from 6.79% the previous week. This week’s numbers: 30-year fixed-rate mortgage averaged 6.71% as of June 8, 2023, down from last…
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First-Time Homebuyers Still View Homeownership as Important
Despite the fluctuating housing market this past year, confidence levels remain high with 44% of potential homebuyers, up 12% from the previous year, indicating they are confident they’ll be financially ready to purchase in the coming year, according to a new report from Chase. Chase’s First-Time Homebuyer Study is based on the responses of 1,900…
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Broker Public Portal Appoints New Chairman
The Broker Public Portal (BPP), a collaborative home search portal between brokerages and MLSs, has announced a leadership recruitment drive. Dana Strandmo, the chief administrative officer of HomeServices of America, will now serve as the BPP’s chairman. “I am honored to accept the position as the new Chairman of the Broker Public Portal and work…
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