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Single-Family Starts Dwindle in June
Single-family housing starts dropped in June as a result of raised interest rates for mortgages and construction and development loans, despite overall housing starts jumping 3% to a seasonally adjusted rate of 1.35 million units, according to new data provided by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.…
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Financing Agent Commissions Doesn’t Pencil Out for Buyers, Mortgage Experts Say
As the real estate industry braces for new rules that remove all offers of agent compensation from for-sale listings, mortgage lenders are weighing their options on how to best help cash-strapped buyers who will ultimately be responsible for paying their agent’s commission. Beginning Aug. 17, the National Association of REALTORS® (NAR) will prohibit all offers…
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Mortgage Applications Reverse Course, Rise as Rates Fall
Mortgage applications rose this week as mortgage rates saw a decrease, increasing 3.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 12, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 3.9% on a seasonally…
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A CEO’s perspective on leading through constant change
Foreign Investment in U.S. Homes Down 21% in Recent 12-Month Span
Foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, retreating 21.2% from the prior 12-month period, according to a new report from the National Association of REALTORS® (NAR). International buyers purchased 54,300 properties, down 36% from the previous year—the fewest number of homes bought since 2009 when NAR…
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Market headwinds stifled new construction growth in June
The Transformative Power of Trust
The MOB gathered in Dallas recently at Coldwell Banker Apex for one of the group’s twice-yearly meetings. One of the unique hallmarks of the residential real estate business is its widespread commitment to collaboration for the greater good, from the listings shared among brokerage firms to the strategies exchanged among friendly competitors. When it comes…
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NAR: Strong U.S. dollar key to drop in foreign residential real estate investment - Central Penn Business Journal
Foreign Home Buyers Recede from U.S. Market as Prices Soar - National Association of REALTORS®
NAR: Strong U.S. dollar key to drop in foreign residential real estate investment - Lehigh Valley Business
4 Money-Saving Maintenance Projects to Suggest to New Homeowners
While the homebuying journey may have ended happily for you and a new client, your work is not over. Keeping in touch with past clients for future endeavors is a crucial way agents maintain contacts that lead to new sales and referrals. One of the best ways to do that is to continue to…
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U.S. Mortgage Rates Tick Down in Mid- July - The World Property Journal
Housing Experts React to President Biden’s Proposal to Bring Down Rents
High housing costs are one of the greatest burdens facing Americans today—and President Joe Biden and his administration have announced a new plan to deal with rising costs that are keeping prospective buyers from achieving the American Dream of homeownership. The proposal, first reported by the Washington Post, would institute a nationwide rule designed to…
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London house prices rise for first time in a year - The Telegraph
Foreign Buyers of U.S. Homes Pay Record Prices, but Sales Dwindle - The Wall Street Journal
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