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$13.7 Billion Commission Lawsuit Certified as Class Action
A federal judge yesterday affirmed class-action status for a suit targeting the National Association of REALTORS® (NAR) and several real estate companies, potentially opening up the antitrust case to a huge number of recent?and future?home sellers. In her 54-page ruling, Judge Andrea R. Wood of the Northern District of Illinois denied a motion by NAR…
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Spring Thaw Lures Buyers Back Into the Housing Market
The recent six-month surge in active listings lost momentum, moderating to 59.9% year-over-year, and time on market shrank to 54 days, from January?s high of 74 days, as buyers eased back into the market in March, but higher mortgage rates could freeze them back out, according to a new report from Realtor.com. Realtor.com?s Monthly Housing…
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Mortgage Delinquencies Decrease Both Monthly and Annually
For the month of January, 2.8% of all mortgages in the U.S. were in some stage of delinquency, a 0.5 percentage point decrease compared with 3.3% last year and a 0.2 percentage point decrease compared with last month, according to a new report from CoreLogic. According to CoreLogic?s monthly Loan Performance Insights Report, in January…
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More Than 8 Million Adults Aren?t Caught Up On Rent
The high cost of housing isn?t just relegated to homeowners, with renters feeling the sting of rising prices. In fact, more than 8 million (13.17%) adults live in a household not caught up on rent payments, according to a new report from LendingTree. LendingTree?s new report, based on U.S. Census Bureau Household Pulse Survey data,…
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What is the Length of a Mortgage and How to Decide What?s Best
When you buy a house for the first time, you will be asked by the lender how long you want the mortgage to last. In mortgage and real estate circles, this is the term of a mortgage. Most standard mortgages are either 15 or 30 years in length. However, many mortgage lenders have offered custom…
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Wisconsin Luxury Brokerage Affiliates With Christie?s Brand
@properties and Christie?s International Real Estate. The two co-owned real estate brands are planting their flag in the south-central Wisconsin market, partnering with leading independent Madison brokerage firm LeGrand Real Estate, which will rebrand as @properties elleven Christie?s International Real Estate. @properties elleven Christie?s International Real Estate is led by mother-son team Melissa LeGrand and…
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THE PLAYBOOK: Become a Memorable Agent With the ?Basics?
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. In a market with…
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What Buyers and Sellers Want From the Market
Many buyers and sellers are rethinking their approach to achieving their real estate goals due to the market turmoil of recent years, according to a new report from RE/MAX. RE/MAX?s U.S. Future of Real Estate 2023 report includes a survey of more than 2,900 homebuyers or sellers, along with expert interviews with real estate researchers…
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RISMedia?s 2023 Real Estate Newsmakers: Meet the Trailblazers
In February, RISMedia named more than 300 real estate professionals as 2023 Real Estate Newsmakers. Each of these individuals?separated into six categories?was either nominated by you, the RISMedia reader or chosen by our editors. RISMedia Newsmakers also made newsworthy contributions within their own communities or the industry as a whole and have dedicated their lives…
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Mortgage Rates Decrease for Third Consecutive Week
The 30-year fixed-rate mortgage (FRM) averaged 6.32%, its third consecutive week of declines, down from 6.42% the previous week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday. This week?s numbers: 30-year fixed-rate mortgage averaged 6.32% as of March 30, 2023, down from last week when it averaged 6.42%. A…
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