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Great Spaces: Perpetual Bliss in Sun-Soaked Turks and Caicos

USA Real Estate News-RISMedia - Thu, 2024-02-29 16:18

Property highlights: Location: Grace Bay, Turks and Caicos Listing price: Starting at $500,000 Features: Beachfront residences ranging from the 580-square-foot oceanfront studio to the 6,411-square-foot four-bedroom penthouse. Added appeal: Access to resort amenities such as world-class dining, a state-of-the-art indoor fitness facility with an outdoor garden yoga studio and full-service indoor/outdoor spa. Turks and Caicos…

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New rules for scoring mortgage borrowers coming in Q4 2025

USA Real Estate News-Inman - Thu, 2024-02-29 15:49
Fannie and Freddie's federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models.

What Are Seller Credits in Real Estate: the Assistance Buyers Often Need

USA Real Estate News-RISMedia - Thu, 2024-02-29 15:13

In real estate transactions, buyers and sellers often negotiate various aspects of the deal. Negotiations can include the purchase price, closing costs and contingencies. One element that frequently arises during these negotiations is referred to as seller concessions or repair credits. These credits can play a significant role in shaping a real estate deal’s final…

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Forbes Global Properties Expands into Florida

USA Real Estate News-RISMedia - Thu, 2024-02-29 15:06

Forbes Global Properties has announced luxury specialists and market leader Coastal Properties Group International have joined its network. Comprised of more than 380 best-in-class local experts across 14 offices, Coastal Properties Group International will exclusively represent the brand in Tampa Bay’s regional luxury markets.  Established in 2012, Coastal Properties Group International stated they consistently outperform…

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Thoughts on Leadership: How Great Leaders Build Unstoppable Teams

USA Real Estate News-RISMedia - Thu, 2024-02-29 15:00

In today’s fast-paced business landscape, the importance of great leadership in fostering unstoppable teams cannot be overstated. As someone deeply passionate about effective leadership and team dynamics, I’ve come to realize that successful teams are built on a foundation of community, careful recruitment and a mindset that prioritizes potential over experience. Community matters Building a…

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Zillow teams up with Howard Hanna to offer Listing Showcase

USA Real Estate News-Inman - Thu, 2024-02-29 14:42
The technology platform is designed to improve marketing for listings. Now, Howard Hanna agents will get to exclusively offer the tool to their clients in Pittsburgh and Cleveland.

Latest inflation numbers give mortgage rates some room to fall

USA Real Estate News-Inman - Thu, 2024-02-29 14:32
A key Fed inflation metric, the PCE price index, continues to drop toward the Fed's 2 percent inflation target, falling from 2.6 percent annual growth in December to 2.4 percent in January.

4 Property Types Most Frugal Homebuyers Won’t Even Consider

USA Real Estate News-RISMedia - Thu, 2024-02-29 14:16

As a real estate agent, it is important to converse with clients to figure out what they are looking for, and what they aren’t, when shopping for a home. Some buyers, especially those on a tight budget, may have some specific non-starters when it comes to making an offer on a property. Here are four…

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eXp Must Face Cover-Up Allegations in Sexual Assault Lawsuit, Judge Rules

USA Real Estate News-RISMedia - Thu, 2024-02-29 14:15

A federal judge is allowing four women to move forward with civil claims that they were drugged and sexually assaulted by eXp recruiters at company events, ruling the alleged victims have “plausibly” contended that two high-profile influencers raped them—and that the company and CEO Glenn Sanford are culpable for failing to implement safeguards, as well…

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Redfin Pushes New Agent Compensation Model, Reports Quarterly Declines

USA Real Estate News-RISMedia - Thu, 2024-02-29 13:57

While Redfin reported losses during quarterly earnings reports in 2023, the company maintained a mood of cautious optimism. CEO Glen Kelman stressing any losses were controllable and downturns were predictable, while Redfin’s fundamentals remain strong with potential for growth. Redfin reported its Q4 earnings on Tuesday, February 27, 2024, and the year-end summation reflected these…

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Got an ugly listing? New Western’s got a new solution

USA Real Estate News-Inman - Thu, 2024-02-29 13:53
The new Podium program aims to give agents an easy way to sell their most difficult properties to investors.

Mortgage Rates Continue to Edge Near 7%

USA Real Estate News-RISMedia - Thu, 2024-02-29 13:38

The 30-year fixed-rate mortgage (FRM) increased slightly this week, from last week’s average of 6.9% to an average of 6.94% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.94%, up from last week when it averaged 6.9%. A year ago…

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Celebrating the Past and Preparing for the Future

USA Real Estate News-RISMedia - Thu, 2024-02-29 13:35

Above, Paul Boomsma, left with Diane Turton Leading Real Estate Companies of the World®’s (LeadingRE) 2024 Conference Week kicked off on Weds., Feb. 27 at the Wynn Hotel in Las Vegas with an inspiring general session—bringing together some of the brightest minds in the business to uncover the possibilities that exist in today’s challenging environment…

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Century 21 expands presence in South Florida with woman-owned firm

USA Real Estate News-Inman - Thu, 2024-02-29 13:30
Century 21 has expanded its presence in South Florida with Soflo Home Realty, a six-year-old woman-led brokerage in Delray Beach. Broker-owner Roberta Lucas and her 15-agent team serve buyers and sellers across Broward, Miami and Palm Beach counties.

Compass Satisfied With Q4 Performance Compared to National Averages

USA Real Estate News-RISMedia - Thu, 2024-02-29 13:20

Compass reported increases of principal agent count by 7.7%, up 1,046, and quarterly market share up 4.41%—a jump year-over-year by nine basis points and quarter-over-quarter by 10 points—in Q4 of 2023, boasting respectable averages across the board despite constant challenges facing the market. Founder and CEO Robert Reffkin shared his satisfaction in the company’s progress…

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Warren Buffett: ‘You want a bad number’ to get good market news

USA Real Estate News-Inman - Thu, 2024-02-29 12:42
In 2010, the Berkshire Hathaway Inc. CEO said that fewer housing starts can help lay the foundation for a more balanced market down the line. His own company's recent investments in home builders show commitment to that principle.

Pending home sales dropped in January as mortgage rates rose

USA Real Estate News-Inman - Thu, 2024-02-29 12:19
Pending home sales dropped off 4.9 percent between December and January and were down 8.8 percent year over year.
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