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Homebuyers falter as mortgage rates hit new 2024 highs

USA Real Estate News-Inman - Wed, 2024-04-24 17:53
Requests for purchase loans were down 1 percent week over week and 15 percent from a year ago, according to the latest Mortgage Bankers Association survey.

Fed’s ‘higher for longer’ gambit may yet cool home price gains

USA Real Estate News-Inman - Wed, 2024-04-24 16:52
Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow.

4 Money-Saving Non-Essentials for Buyer Clients Unnerved by Rising Mortgage Rates

USA Real Estate News-RISMedia - Wed, 2024-04-24 15:32

The last thing you want as a buyer agent after signing a client who is excited to purchase a home is for them to get depressed by elevated mortgage rates and decide to put their search on hold. While nothing changes the numbers, what you can (and should) do is have ideas and recommendations for…

The post 4 Money-Saving Non-Essentials for Buyer Clients Unnerved by Rising Mortgage Rates appeared first on RISMedia.

Thoughts on Leadership: Practical Tools for Transformational Leadership

USA Real Estate News-RISMedia - Wed, 2024-04-24 15:14

In today’s rapidly changing business landscape, I feel compelled to share my insights on transformational leadership because, now more than ever, effective leadership is critical for inspiring teams and driving sustainable success. As leaders, we are continuously navigating through the ups and downs of organizational life, tackling challenges like unmet goals, legal issues and low…

The post Thoughts on Leadership: Practical Tools for Transformational Leadership appeared first on RISMedia.

Anywhere Celebrates Ninth Graduating Class of ASCEND Program for Future Leaders

USA Real Estate News-RISMedia - Wed, 2024-04-24 15:12

Anywhere Real Estate Inc. has announced it has celebrated the ninth graduating class of ASCEND: The Executive Leadership Experience. The graduates included 37 real estate leaders, including broker/owners from across the company’s brands. Anywhere offers the ASCEND program to its brand-affiliated broker/owners and rising senior-level leaders of large, multi-office franchisees and distinguished individuals from its…

The post Anywhere Celebrates Ninth Graduating Class of ASCEND Program for Future Leaders appeared first on RISMedia.

Texas @properties Christie’s International Real Estate Affiliate Expands

USA Real Estate News-RISMedia - Wed, 2024-04-24 14:47

Above, Mike Hoover. Texas real estate brokerage @properties Lone Star Christie’s International Real Estate has announced it is expanding into Fort Worth, bringing on former Monument and Sotheby’s office leader Michael Hoover as regional vice president to run brokerage operations for the new office. This will mark the third office in the Metroplex for the…

The post Texas @properties Christie’s International Real Estate Affiliate Expands appeared first on RISMedia.

New San Francisco showroom offers private islands and yachts

USA Real Estate News-Inman - Wed, 2024-04-24 12:17
Demand for some of the most exclusive luxuries remains, even as the city of San Francisco itself grapples with plunging home prices and an all-time high in office vacancies.

Mortgage Applications Down in High-Rate Environment

USA Real Estate News-RISMedia - Wed, 2024-04-24 12:08

After a couple of weeks of increases, mortgage applications fell 2.7% from last week’s increase of 3.3%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending April 19, 2024.  This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7% on…

The post Mortgage Applications Down in High-Rate Environment appeared first on RISMedia.

California Association of Realtors CEO resigns after 2 years

USA Real Estate News-Inman - Wed, 2024-04-24 12:01
Two years after taking the helm, California Association of Realtors CEO John Sebree has stepped down from his post. His resignation went into effect immediately, with C.A.R. subsidiary Real Estate Business Services (REBS) CEO Debra Ferrier taking over as interim CEO as the Association launches a nationwide search for a new leader.

FTC Votes to Ban Employee Noncompete Clauses

USA Real Estate News-RISMedia - Wed, 2024-04-24 11:30

On Tuesday, April 23, 2024, the Federal Trade Commission (FTC) voted to ban noncompete clauses—language in employment contracts that prevents departed employees from working for competitors after a set period of time.  The ruling not only bans new noncompete clauses from being signed, but would void existing ones—however, there is an exception to noncompete clauses…

The post FTC Votes to Ban Employee Noncompete Clauses appeared first on RISMedia.

Power Brokers, One-on-One: Part 1

USA Real Estate News-RISMedia - Wed, 2024-04-24 11:02

Editor’s Note: The Top 1,000 brokerage firms for the 2024 Power Broker Report ranked by sales volume and transactions are available to Premier members here. The Power Broker interviews interviews feature heads and leaders within some of the top brokerages of the list sharing their insights for success in real estate. Check back soon for…

The post Power Brokers, One-on-One: Part 1 appeared first on RISMedia.

Maxwell’s AI tool probes inner workings of mortgage lending

USA Real Estate News-Inman - Wed, 2024-04-24 11:01
Mortgage lenders using AskMax no longer need to be database engineers. They can ask for — and receive — business intelligence in plain English.
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