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How Expertise in Probate Can Be a Successful Niche for Your Business

USA Real Estate News-RISMedia - Fri, 2024-06-07 14:33

If you had told me four years ago that I would be teaching Probate to REALTORS®, I wouldn’t have believed you. Now, the Certified Probate Specialist Certification course, created by myself and Gee Dunsten, associate broker, speaker and president of Gee Dunsten Seminars, is one of the most popular programs in the United States for…

The post How Expertise in Probate Can Be a Successful Niche for Your Business appeared first on RISMedia.

Barry Sternlicht: Rents will go up, and it’s Jerome Powell’s fault

USA Real Estate News-Inman - Fri, 2024-06-07 12:36
The billionaire head of Sternwood Capital blamed Federal Reserve chief Jerome Powell's interest rate campaign for killing activity in the multifamily sector.

Recruiting wars continue as Coldwell nabs Compass agent

USA Real Estate News-Inman - Fri, 2024-06-07 12:27
Vicky Yu closed more than $63 million in sales last year. Her move to Coldwell Banker comes as brokerages continue an intense competition for top talent.

Mortgage rates are spiking on Friday’s blowout jobs report

USA Real Estate News-Inman - Fri, 2024-06-07 12:21
Employers added 272,000 jobs in May, far exceeding the consensus view among economists that payrolls would rise by 180,000 and the average of 232,000 over the past year.

Mortgage Mix: Rates Slightly Down, Memorial Weekend Saw Application Adjustment

USA Real Estate News-RISMedia - Fri, 2024-06-07 12:03

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. As reported by Freddie Mac, mortgage rates have “pulled back.” After being above 7% the final week of May, the first week of June saw the 30-year rate slip down to 6.99%, while the 15-year…

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National Housing Conference Honors NAR’s Joe Ventrone with Housing Visionary Award

USA Real Estate News-RISMedia - Fri, 2024-06-07 11:37

Joe Ventrone, former National Association of REALTORS® Vice President of Federal Policy and Industry Relations, received the Carl A.S. Coan, Sr., Lifetime Achievement Award for Public Service at the National Housing Conference’s annual Housing Visionary Awards Gala on June 5. The event honored individuals whose unwavering commitment and innovative solutions are making significant strides in…

The post National Housing Conference Honors NAR’s Joe Ventrone with Housing Visionary Award appeared first on RISMedia.

Homeowner Equity Spikes to All-Time High of $17 Trillion

USA Real Estate News-RISMedia - Fri, 2024-06-07 11:26

In CoreLogic’s latest Homeowner Equity Report for the first quarter of 2024 released June 6, U.S. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 9.6% year-over-year, representing a collective gain of $1.5 trillion and an average increase of $28,000 per borrower since the first quarter of 2023.…

The post Homeowner Equity Spikes to All-Time High of $17 Trillion appeared first on RISMedia.

Joining Forces for Mutual Growth

USA Real Estate News-RISMedia - Fri, 2024-06-07 11:12

Above, Eric Gallus and Jillian Young When one of the industry’s most successful regional brokerages joins forces with one of the biggest and most forward-thinking national real estate networks, it’s the purest definition of win-win. And that is precisely what occurred with the recent partnership of Premiere Plus Realty (PPR), the Naples-based, No. 2 market-share…

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Residential marketplace newbie Realoq expands to 3 new states

USA Real Estate News-Inman - Fri, 2024-06-07 10:59
California-based, "multi-sided" residential portal Realoq has expanded to Florida, Georgia and North Carolina. The company raised $3 million in seed funding in 2023.

May Sees a Stronger Jobs Report; Pros Give Mixed Reviews

USA Real Estate News-RISMedia - Fri, 2024-06-07 10:59

The U.S. added 272,000 jobs to the market in May, higher than the average monthly gain of 232,000 over the prior 12 months, according to the latest data from the Bureau of Labor Statistics.  The unemployment rate saw little change at 4% as well as the number of unemployed people, at 6.6 million. Both measures…

The post May Sees a Stronger Jobs Report; Pros Give Mixed Reviews appeared first on RISMedia.

Regional Perspective: The Profitability Picture Around the Country

USA Real Estate News-RISMedia - Fri, 2024-06-07 10:43

While understanding the overall market outlook is critical for success, real estate remains a local business. Brokers representing different parts of the nation will come together to discuss how national trends and industry-wide challenges are shaking out in their respective markets, and share their strategies for safeguarding profitability in an upcoming session at RISMedia’s CEO…

The post Regional Perspective: The Profitability Picture Around the Country appeared first on RISMedia.

Ben Bray & Associates joins Better Homes and Gardens Real Estate

USA Real Estate News-Inman - Fri, 2024-06-07 10:11
Ben Bray & Associates, a 27-year-old Tennessee brokerage, is the sixth to join Better Homes and Gardens Real Estate in 2024. The Lafayette-based brokerage boasts 28 agents across two offices.

High-end condos, co-ops bright spots for Manhattan in May

USA Real Estate News-Inman - Fri, 2024-06-07 10:00
The Hamptons luxury market also performed well across both single-family homes and condos, according to Douglas Elliman's new signed contracts report.

Microsoft removes portal data from Bing Real Estate after outcry

USA Real Estate News-Inman - Fri, 2024-06-07 09:34
Four days after Bing Real Estate came under fire for its alleged co-opting of listing data from Zillow, Redfin and Realtor.com, Microsoft has removed for-sale listing data from its site.
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