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Annual Foreign Investment in U.S. Existing Homes Sales Decreased 21.2% to $42 Billion  National Association of REALTORS®

Nine months after signing an enterprise deal with Anywhere, California-based proptech leader RealScout has extended its reach to include Sotheby's International Realty's company-owned locations. Agents at SIR's company-owned locations will have full access to the RealScout platform, which includes a branded home search portal, interactive side-by-side listing comparisons, social media tools, lead management and distribution, and several other agent and broker-focused support features.

Mortgage rates hovering near 7% and elevated rates for construction and development loans continued to put pressure on builder confidence in July, according to the latest National Association of Home Builders (NAHB) data. Experts feel, however, that this downward trend may soon reverse course due to bettering economic signs. The NAHB/Wells Fargo Housing Market Index…

The post Homebuilder Confidence Continues to Reach New Lows in 2024 appeared first on RISMedia.

Report: Mass. has the 2nd highest cost of living in the US  Boston.com

In a surprising statement made during a speaking engagement at the Economic Club of Washington D.C. on July 15, Federal Reserve Chair Jerome Powell said that inflation would not necessarily have to hit 2% before interest rates are cut.  This statement constitutes a major shift from previous public comments made by the Fed emphasizing the…

The post Fed Chair Powell: We Don’t Have to Wait for 2% Inflation to Drop Rates appeared first on RISMedia.

Bill Gates Owns 275,000 Acres Of U.S. Farmland. His Answer To Why He's Buying So Much Of It Might Surprise You  Benzinga

Three in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study.

United® | Virtual Properties Realty (VPR) has announced a significant milestone—reaching 5,000 agents, posting an all-time record sales performance and a four-year agent growth rate of 35% since merging with United Real Estate in 2020.   Celebrating its 25th anniversary this year, United | VPR stated it has joined the ranks of independent, non-franchised brokerages with…

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United Real Estate and HomeSmart yesterday became the latest companies to settle seller lawsuits, according to a filing in federal court, while several other companies simultaneously chose to push forward and continue fighting seller commission cases, potentially indicating there is still some appetite to contest claims by recent homesellers. According to a release from United…

The post United and HomeSmart Settle, Mid-Size Brokerages Battle on as Key Court Deadline Passes appeared first on RISMedia.

These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1  CNBC

Green light from London council for £330m plan to build 1,250 homes  MSN

Saudi and European businessmen increase their collaboration in real estate development  Atalayar EN

After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers.

June Housing Report: Significant fluctuations in London and St. Thomas real estate market  94.1 St.ThomasToday.ca

This Is the Wealthiest Suburb in the U.S.  Travel + Leisure

Cold storage REIT Lineage seeks up to $19.2 billion valuation in US IPO  WHTC

Hedge funds and private equity firms take more London office space  Financial News

Comment: 'Why is London's luxury property market in a turn-key show home frenzy?'  Yahoo News UK

10 Best U.S. Suburbs to Live in for Affordable Housing, Top-rated Schools, and Excellent Job Opportunities  Travel + Leisure

EXCLUSIVE: Real estate developer ARADA eyes global expansion into Saudi Arabia, Australia, Europe  Arabian Business