Bank Crashes Add New Uncertainty for Commercial Sector, Apartments
With a focus on the yet-unknown effects stemming from the sudden collapse of two large, regional banks, experts are saying the path forward for multi-family and commercial real estate remains just as uncertain as residential, if not more. At a National Association of REALTORS® (NAR) Forecast Summit on March 22, Dr. Lawrence Yun, NAR’s chief…
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Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth
Fathom Holdings, which includes Fathom Realty, the tech-focused, full-service brokerage under its corporate umbrella, reported solid year-over-year financial results for 2022, even with the fourth quarter delivering negative numbers. In a March 22 earnings call, the company announced 25% annual revenue growth along with 14% transaction growth and 28% agent growth. Total revenue in 2022…
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New Home Sales Rise for Fifth Consecutive Month
New home sales continued to increase in February, but significantly less than January’s rate due to higher mortgage rates, home prices and construction costs. The National Association of Home Builders (NAHB) reported that newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau demonstrated that sales of newly…
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How to Get on the FHA Condo Approval List
If you want to buy a home but the down payment requirements make this seem out of reach, there are more affordable options. Choosing an FHA-approved condo allows you an easier option to buy with lower credit and down payment requirements. Changes to FHA condo approval rules now mean individual units can qualify even if…
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Weichert Expands Presence in Maryland
Weichert Real Estate Affiliates, Inc. has announced it has added Integrity Home Team, LLC, based in Owings Mills, Maryland, to its franchise network. The brokerage, owned and operated by Shalynn Mills-Arasanmi, will now do business as Weichert, Realtors® – Integrity Home Team. “The innovative offerings from Weichert will certainly help catapult our new agents into…
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THE PLAYBOOK: People-Skill Strategies to Stimulate Sales This Season
Editor’s Note: The Playbook is an RISMedia weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every Thursday for another addition to the series. The REALTORⓡ profession relies…
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Fed Announces Modest Rate Increase Amid Banking Turmoil
It’s been a weird couple of weeks in the U.S. economy as headlines were filled with news of failing banks and government bailouts. However, one headline that many were waiting for was how the Federal Reserve would respond in the face of a possible banking crisis. The uncertainty abated following, arguably, one of the most…
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The Power Broker Interview: Glenn Sanford on Success, Challenges and Why Most Competitors are ‘Basically Dinosaurs’
Editor’s Note: RISMedia recently released the Top 500 firms ranked in RISMedia’s 35th Annual Power Broker Report, exclusively for RISMedia Premier Members. The Top 1,000 firms will be available this April. Although we’re still in the first quarter of 2023, it’s already been quite a year for eXp Realty. Ousting long-standing, legacy firms to nab…
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Mortgage Rates Slide Down for Second Week
The 30-year fixed-rate mortgage (FRM) averaged 6.42% this week, a slide downward for the second week from last week’s drop to 6.60%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.42% as of March 23, 2023, down from last week when it…
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Spring Has Sprung: What Every Listing Needs to Rake in the Offers
Spring is here. Buyers are coming out in search of their new home, and sellers are ready to list, with 40% of home sales occurring from March through June (NAR). Although projections suggest there will still be a lack of inventory this spring, listings will not fly off the market like they did a year…
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