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Fed expected to be cautious in cutting rates next week

USA Real Estate News-Inman - Wed, 2024-09-11 16:21
A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut when they meet next week.

Christie’s International Real Estate welcomes Madrid affiliate

USA Real Estate News-Inman - Wed, 2024-09-11 15:13
Led by luxury experts Hans Veenhuijsen and Olga García Hernández, the new office opens as more luxury buyers have shown interest in the city's market and as home prices have steadily grown in response to a strong economy and foreign investment.

Staying Ahead as a New Leader

USA Real Estate News-RISMedia - Wed, 2024-09-11 14:05

Jason Carrier recently took over as president of CENTURY 21 New Millennium, an Alexandria, Virginia-based firm that provides service to customers in Virginia, Maryland, Washington, D.C., West Virginia and Pennsylvania. Carrier began in the real estate industry 22 years ago following in the footsteps of both his parents. He felt it was in his blood…

The post Staying Ahead as a New Leader appeared first on RISMedia.

Demonstrate Your Value to Buyers, Amidst Industry Change

USA Real Estate News-RISMedia - Wed, 2024-09-11 13:35

On Aug. 17, 2024, a landmark settlement with the National Association of REALTORS® (NAR) changed how commissions are handled. This gives buyers more control in negotiating their fees and the potential of paying their agent’s compensation directly. As commissions shift and the market adapts, the need to demonstrate your value has never been greater. Creating…

The post Demonstrate Your Value to Buyers, Amidst Industry Change appeared first on RISMedia.

Baby boomers own 1/4 of all large homes in the US. They aren’t selling

USA Real Estate News-Inman - Wed, 2024-09-11 13:12
Fifty-four percent of boomers who own their homes said they planned to live in them until they die, according to a new survey by Clever Real Estate.

Think AI Will Replace You? Think Again—Here’s How It Will Help

USA Real Estate News-RISMedia - Wed, 2024-09-11 12:08

Artificial Intelligence (AI) is no longer a concept of the future; it’s a tool that’s transforming industries right now, and real estate is no exception. Many agents may feel apprehensive about AI, fearing that it will replace the human touch that is so critical to success in our field. But here’s the good news, AI…

The post Think AI Will Replace You? Think Again—Here’s How It Will Help appeared first on RISMedia.

Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week

USA Real Estate News-RISMedia - Wed, 2024-09-11 12:05

Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s latest mortgage application data from the Mortgage Bankers Association’s…

The post Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week appeared first on RISMedia.

Bezos got a bargain. Now the homeseller’s suing Douglas Elliman

USA Real Estate News-Inman - Wed, 2024-09-11 11:51
After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal.

8 tips for optimizing opportunity at your next open house

USA Real Estate News-Inman - Wed, 2024-09-11 11:45
In the new normal, open houses have once again become one of the most valuable lead sources available, team leader Carl Medford writes. Here's how to run one the right way and make the most of the opportunity it presents.

UK portal Rightmove rejects bid from Rupert Murdoch’s REA Group

USA Real Estate News-Inman - Wed, 2024-09-11 11:16
UK portal Rightmove's board of directors has unanimously rejected News Corp subsidiary REA Group's $7.32 billion acquisition bid, saying it "fundamentally undervalues" the company's current and future prospects.
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