Sat.Jun 08, 2024

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How much longer will we have to deal with higher mortgage rates?

Housing Wire

Given last week’s surprising jobs report, how much longer will we have to deal with higher mortgage rates ? The labor data will be the key to answering that question. It’s essential to track the labor data along with inflation because the key to getting lower mortgage rates for longer lies with the labor data more than inflation. That makes this week another one to watch since we will have CPI inflation and the Federal Reserve meeting results on Wednesday.

Mortgages 508
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Brokerage Beat: News from Onward, United, Side, Corcoran, more

Real Estate News

Parks leaders form new firm; TX indie merges with United; NYC brokerages join Side; Corcoran gains music legend; C21 grows in AL; Chicago duo joins E&V; more.

Brokerage 251
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Elevate your Inman Connect networking experience this July

Inman

Inman Connect is all about connecting. In fact, we’re famous for it. On this side of event planning, we have one goal in mind: to help the real estate industry connect with each other. Elevate your NOI (network of influence) at Inman Connect Las Vegas. Here's how.

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3 top takeaways from NAR’s updates on steering

Real Estate News

New additions to the National Association of Realtors’ settlement FAQ page reinforce the idea that the client comes first, not the commission.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Nine out of 10 Americans agree: May was a bad time to buy a home

Inman

Elevated mortgage rates and home prices are creating challenges for many homebuyers, and 86% said May was a bad time to buy — a new high in Fannie Mae surveys dating to 2010.

Mortgages 185
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Next Week’s Interest Rate Predictions: Will Fed Hold or Cut Rates?

Marco Santarelli

All eyes are glued to the upcoming Federal Open Market Committee (FOMC) meeting on June 11-12, 2024. The decisions made within these hallowed halls have the power to send shockwaves through the global financial system, and this meeting is no different. Investors, economists, and everyday citizens alike are all waiting with bated breath to see what the Fed will do with interest rates.

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New Homes in Texas

BubbleInfo

Brand-new houses for sale in Texas priced under $200,000! Take your big winnings from California and buy brand-new! Look how many are available: [link] The post New Homes in Texas first appeared on bubbleinfo.com.

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How to safeguard your mind from social media stress

Inman

Jessi Healey explores practical tips and strategies to help you manage your social media use effectively and protect your mental well-being from the stress it can cause.

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Predictions for “Higher for Longer” Interest Rates: Fed’s Strategy?

Marco Santarelli

Remember how everyone thought interest rates would be slashed this year? Buckle up, because the Federal Reserve just switched gears, and now the mantra is “higher for longer.” Let's unpack what this means for your wallet, your home, and the overall economy. Buckle Up: Higher Interest Rates for Longer Than Expected Why the Sudden Shift? As of May 2024, the inflation rate in the United States was 3.4% for the 12 months ending in April.

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Top 5 Brownstoner Stories This Week: Homes on the Market, a Housing Lottery

Brownstoner

A Bay Ridge Row House and More to See, Starting at $1.575 Million Our picks for open houses to check out last weekend were found in Bed Stuy, Carroll Gardens, and Bay Ridge. They range in price from $1.575 million to $2.495 million. -- Midwood Studio With Foyer, Arches, Four Closets Asks $245K This… Read More > The post Top 5 Brownstoner Stories This Week: Homes on the Market, a Housing Lottery appeared first on Brownstoner.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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California Housing in High Demand: 19 Golden State Cities Sizzle

Marco Santarelli

California's housing market continues to be a complex landscape, but according to a recent report by Realtor.com, there are pockets of the state experiencing a surge in buyer activity and shrinking inventories. In fact, a whopping 19 California metro areas landed on Realtor.com's coveted “hottest real estate markets” list for 2024! Let's delve deeper into the ranking system and explore which California cities are currently sizzling in the real estate market.

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Surprise Job Growth Throws Interest Rate Predictions into Disarray

Marco Santarelli

Buckle up , because the latest US jobs report has thrown a wrench into everyone's economic predictions. Here's the skinny: everyone thought the job market was cooling down, but instead, it exploded in May, adding a whopping 272,000 new positions – way more than the expected 185,000. This surprise throws Federal Reserve interest rate predictions into chaos.