The company's improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders in recent months because of its shaky performance over the past few quarters.

The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again.

After five years back at the helm, Zillow Group co-founder Rich Barton steps down as CEO. Former COO Jeremy Wacksman takes the reins as the company charges past what Barton calls the "Portal 1.0" experience.

Better-than-expected residential segment results bolstered Seattle-based portal Zillow's Q2 performance, which saw growing revenues and slimming losses as they zero in on creating a 'fully-integrated' homebuying experience.

Two Of The Best Real Estate Markets In US Are In South Jersey  wobm.com

Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn't think mortgage rates would come down.

Proposed Expansion of CFIUS Poses Increased Risks to U.S. Real Estate Investors and Operators  Manatt, Phelps & Phillips, LLP

Fannie Mae has released its latest Home Purchase Sentiment Index® (HPSI), tracking changes in consumer attitude over the month of July 2024. That month, the index decreased 1.1% to 71.5, suggesting an overall lack of enthusiasm. Changes in consumer responses are minute but indicative of a negative trend. Key details: 17% of respondents said that…

The post Fannie Mae Update Says Potential Homebuyers are Frustrated by Market appeared first on RISMedia.

Consistent economic growth and demographic trends sustained multifamily demand at the start of the third quarter, according to the latest Yardi® Matrix National Multifamily Report. Yardi stated that the average U.S. publicly advertised rent or “asking rent” rose 0.8% year-over-year through July, or $4 to $1,743. The national occupancy rate in June remained at 94.6…

The post Report: Rent Growth Picked Up in July appeared first on RISMedia.

Columbus named United States' most popular housing market  The Columbus Dispatch

Short-term US industrial real estate market clouded by uncertainty: JLL  JOC.com

Corporate quarterly reports, unless they include dramatic swings in earnings, are often same-old, same-old. However, when the industry is in a state of flux, as is the case with residential real estate, often the comments made by the leading executives are more telling than the numbers. That was the case with Redfin on Aug. 6,…

The post Redfin CEO Alarmed at Pace of 2024 Home Sales; Earnings Tread Water appeared first on RISMedia.

With just over a week before the changes agreed to by the National Association of REALTORS® (NAR) in its lawsuit settlement go into effect, the Consumer Federation of America (CFA), a non-profit that has been sharply critical of the real estate industry, released guidance aimed at consumers ostensibly meant to help buyers and sellers through…

The post Consumer Advocate Group Highlights ‘Opportunities and Risks’ of NAR Settlement appeared first on RISMedia.

United States Industrial Market Dynamics | Q2 2024  JLL

Teachers: What to Know About Home Loan Programs For You  U.S News & World Report Money

Mortgage applications increased 6.9% from one week earlier, reaching the highest volume seen since January of this year, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 6.9% on a…

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Households have deferred moving, partially due to high "hidden" homeownership costs such as property taxes, insurance and climate change, according to a report.

How Real Estate Agents Are Using AI Right Now  Real Estate

Professions in America have almost always evolved over time. Technology, trends and many other details and aspects of the working life have caused changes, with the progress both good and bad, depending on one’s point of view. For REALTORSⓡ, the recent past has seen their jobs become not just often more difficult but for many…

The post Have Agents’ Jobs Become Harder? Views Vary on New Normal vs. Older Approaches appeared first on RISMedia.

A major part of a residential real estate agent’s job is providing information and guidance to buyer clients that help them in all kinds of ways. Of course most of it has to do with the purchase process itself, but there are other insights to impart. One of the most important concerns is their safety…

The post 4 Things Buyers Should Consider to Improve Home Security After Closing appeared first on RISMedia.