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NAREB Seeks to Prepare Members for Changes to Real Estate Commissions
“NAREB recognizes that this settlement, if approved by the judge, will bring dramatic changes to our industry,” said Dr. Courtney Johnson Rose, the organization’s president. Continue Reading NAREB Seeks to Prepare Members for Changes to Real Estate Commissions
Canadian Video Marketing Platform Roomvu Expands to US Market
Sam Mehrbod, CEO of Roomvu, called it “a significant opportunity for real estate professionals across the country.” Continue Reading Canadian Video Marketing Platform Roomvu Expands to US Market
Additional Reading: Realtor Tools & Insights
RE/MAX and CCIM Institute in New Partnership
RE/MAX affiliates can now access educational resources at discounted rates through RE/MAX University and the CCIM platform. Continue Reading RE/MAX and CCIM Institute in New Partnership
Real Estate Investor Platform Fund That Flip to Rebrand as Upright
“Our old name served us very well for a long time,” said CEO Matt Rodak, who founded the company in 2014. Continue Reading Real Estate Investor Platform Fund That Flip to Rebrand as Upright
CFPB Penalizes Freedom Mortgage and Realty Connect for Kickback Scheme
CFPB Director Rohit Chopra said his agency “will be vigilant in rooting out anti-competitive behavior that interferes with consumers’ ability to choose financial products and services.” Continue Reading CFPB Penalizes Freedom Mortgage and Realty Connect for Kickback Scheme
The Real Estate Markets Seeing The Biggest Downturns In Home Prices And Property Values
Source: Yahoo! --- The only bad thing about the best parties is that no matter how good they were, the good times can’t go on forever. Investing is always cyclical and even investments like real estate which have performed over time will have bad cycles. It certainly...
Must-know real estate trends driving the market in 2023
Source: Real Trends --- The Emerging Trends in Real Estate report, produced by PWC and The Urban Land Institute (ULI), has been the dominant voice in reporting the future of the industry for more than 40 years. Given the market upheavals in the years since the...
Mortgages Are The Biggest Ripoff On Earth
Source: Surviving Tomorrow --- I got my first and hopefully last bank mortgage when I was nineteen years old. Despite not having a full-time job, me and a teenage buddy pre-qualified to borrow up to $250,000. We bought a fourplex, renovated it, and flipped it for a...
The Reason Home Prices Are Finally Dropping
Source: Slate --- This article is from Full Stack Economics, a newsletter about the economy, technology, and public policy. In March 2021, a woman in the D.C. area put her house on the market and got 88 bids—including 76 all-cash offers and 15 from people who hadn’t...
Here’s Where the World’s Largest Commercial Real Estate Owner Sees Promise
Source: CoStar --- Kathleen McCarthy took to the stage at the opening of the Urban Land Institute's annual fall meeting Tuesday to outline her property preferences as co-head of Blackstone Real Estate. But she spent a portion of her talk focusing on an issue more...
How to Convert a House to a Vacation Rental
Source: U.S. News --- Vacation rentals have surged in popularity in recent years. In fact, 2021 was the best year in Airbnb’s history. Bookings were up almost 50% compared with 2019, and new hosts alone earned nearly $2 billion across the past year. If you’re a...
Where do the wealthy invest? Luxury real estate is the safest investment one can make, says new Coldwell Banker Global Luxury report
Source: PR Newswire --- MADISON, N.J., Oct. 24, 2022 /PRNewswire/ -- A recent report indicates that real estate remains in a strong position for the remainder of 2022 and heading into 2023 as more affluent consumers are turning to real estate to diversify their...
Here are the N.J. towns where the housing market may be cooling the most
Source: NJ.com --- The housing market is cooling. Interest rates have risen 4 percentage points since August 2021 when they were 2.7%. Inflation is at about 8.3%, making everything from groceries to gasoline more expensive. And home prices have risen 28% in the past...
Paying Cash for Your Home Is a Bad Idea for These 4 Reasons
Source: The Motley Fool --- After rock-bottom interest rates during the first phase of the COVID-19 pandemic, the mortgage chickens have finally come home to roost. In October 2021, the average U.S. mortgage interest rate for a 30-year fixed-rate mortgage was just...
Options available to offset higher mortgage rates
Source: Salem News --- American homeowners are feeling the pinch as the Federal Reserve continues to ratchet up interest rates to combat inflation. The average rate for a 30-year fixed rate mortgage rose above 6% this month for the first time since 2008, putting both...
