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Mortgage Rates Dip to Lowest Level Since February
While there’s no direct correlation between interest rate cuts and mortgage rate dips, per se, both segments saw some positive news this week, with the Fed signaling Wednesday that there will likely be one more rate cut this year, and the 30-year fixed-rate mortgage (FRM) averaging its lowest point since February, according to the latest…
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Compass CEO Weighs In On Clear Cooperation Rule During Earnings Call
Compass held its Q2 earnings call on Wednesday, July 31, 2024. During the investor Q&A portion, CEO and Founder Robert Reffkin claimed that NAR’s “clear cooperation” rule is on borrowed time. Clear cooperation requires that REALTORS® list a property on an MLS affiliated with the National Association of REALTORS® (NAR), within 24 hours of marketing…
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Elliman shareholder says Howard Lorber deserves bonus claw back
Bourbon, besties, business: How team events grow market share
Homeowner Equity Surges With Midwest, South Leading
ATTOM Data Solutions has published its U.S. Home Equity & Underwater Report, tracking changes in nationwide home equity levels during Q2 2024. The latest report comes with good news: Almost half (49.2%) of mortgaged residential properties in the U.S. were considered equity rich during the second quarter. This is up from the 45.8% in Q1.…
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Pending home sales fall 5.7% YOY, biggest decline in 9 months
NAR Releases New Consumer-Focused Settlement Resources
The National Association of REALTORS® has published new resources to help guide consumers on the impact of the March 15 settlement agreement and support both REALTORS® and consumers as they navigate the changes required by the agreement. “Prior to and throughout the Settlement litigation, NAR has remained committed to protecting consumer choice and transparency, and…
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Residential Property - The Irish Times
As US home prices soar, these 2 Texas metro areas are seeing prices drop - Austin American-Statesman
Nominations Now Open for RISMedia’s 2025 Real Estate Newsmakers
RISMedia is proudly accepting nominations for the 2025 Class of Real Estate Newsmakers! This one-of-a-kind recognition program is designed to spotlight and celebrate individuals from across the U.S. who are making headlines in 2024 for their commitment and contributions to the real estate industry, as well as going the extra mile to positively impact their…
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UK property market buoyed by interest rate cut - Financial Times
Fed Holds Steady, Eyeing September Rate Cut
Unsurprisingly, Federal Reserve (Fed) officials made the decision not to cut interest rates yesterday afternoon, despite indicators that the economy is slowing. Rates currently remain at an unchanged figure between 5.25% and 5.5%, with Fed Chair Jerome Powell suggesting that September may be the appropriate time to make cuts. Powell indicated that “a reduction in…
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