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Mortgage Mix: Rates Finally Come Down, but in Baby Steps

USA Real Estate News-RISMedia - Fri, 2024-05-17 11:23

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. The Consumer Price Index (CPI) released by the U.S. Bureau of Labor Statistics showed an increase of 0.3% in April on a seasonally adjusted basis, after rising 0.4% in March. Bright MLS Chief Economist Dr.…

The post Mortgage Mix: Rates Finally Come Down, but in Baby Steps appeared first on RISMedia.

Foreclosure Starts Decline Slightly in April, While Completions Rise

USA Real Estate News-RISMedia - Fri, 2024-05-17 11:07

A total of 31,649 properties had foreclosure filings—default notices, scheduled auctions or bank repossessions—in April 2024, according to the latest data from ATTOM. ATTOM’s Foreclosure Market Report for April 2024 found that foreclosure filings were down 4% from a month ago, and down 4% from a year ago. On the other hand, the report found…

The post Foreclosure Starts Decline Slightly in April, While Completions Rise appeared first on RISMedia.

Economic Index Declines Again in April, Pointing to Slower Growth

USA Real Estate News-RISMedia - Fri, 2024-05-17 10:49

The Conference Board Leading Economic Index (LEI) for the U.S. decreased 0.6% in April to 101.8, after decreasing 0.3% in March. Over the six-month period between October 2023 and April 2024, the LEI contracted 1.9%—a smaller decrease than its 3.5% decline over the previous six months. “Another decline in the U.S. LEI confirms that softer…

The post Economic Index Declines Again in April, Pointing to Slower Growth appeared first on RISMedia.

Tools, questions, rates: Inman’s Top 5 stories of the week

USA Real Estate News-Inman - Fri, 2024-05-17 10:42
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

States Face Unique Risks, Scrutiny as NAR Settlement Trickles Down

USA Real Estate News-RISMedia - Fri, 2024-05-17 10:40

Overlooked in the national scramble to address the National Association of REALTORS®’ (NAR) settlement, and comprehend (or decry) all the changes that are coming to the industry, is the foundational truism that applies to every facet of real estate: that it is local. Just like with every other issue, every region and even every state…

The post States Face Unique Risks, Scrutiny as NAR Settlement Trickles Down appeared first on RISMedia.

Redfin expands new compensation plan to agents in 25 more markets

USA Real Estate News-Inman - Fri, 2024-05-17 10:18
With the expansion, Redfin Next is now available to agents in 36 markets nationwide, according to an announcement Friday. Redfin execs said the plan has "proven to be even better" than expected.

Planning for a New Commission Future

USA Real Estate News-RISMedia - Fri, 2024-05-17 09:37

Above, from left, Elias Astuto, Riezl Baker, Keith Robinson and Maureen Sullivan In the wake of the National Association of REALTORS®’ decision to settle commission lawsuits, the real estate industry is bracing for a new reality. Rather than clinging to how things were before, we asked some of our 2024 Real Estate Newsmakers the following…

The post Planning for a New Commission Future appeared first on RISMedia.

Even sweeter. Honey Homes draws $9.25M with latest funding round

USA Real Estate News-Inman - Fri, 2024-05-17 08:22
Era Ventures, led by Clelia Peters, was the lead investor in the round, its second since October, according to an announcement Thursday. Khosla Ventures and Pear VC also contributed to the round.
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