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Despite the most recent drop in average mortgage rates, mortgage applications decreased this week, down 2.2% from last week’s 3.9% uptick, according to the latest Weekly Applications Survey from the Mortgage Bankers Association (MBA) for the week ending July 19, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume,…

The post Despite Drop in Rates, Mortgage Applications Decreased This Week appeared first on RISMedia.

Sales of single-family homes in June were 0.6% below the May rate of 621,000, reaching a seasonally adjusted rate of 617,000, according to data released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is significantly below—7.4%, specifically—June 2023’s estimate of 666,000 new-home sales. Spencer Hakimian, founder of Tolou Capital…

The post New-Home Sales Fall Below May Rate, as Fed Rate Cuts Loom appeared first on RISMedia.

CoStar Group, the commercial real estate heavyweight that is making waves in residential spaces, announced in an earnings call July 23 that revenue for the quarter ended June 30, 2024 was $678 million, up 12% over revenue of $606 million for the quarter ended June 30, 2023. Net income was $19 million in the second…

The post CoStar Says Homes.com Is ‘Fast Approaching’ Zillow in Traffic appeared first on RISMedia.

Above, Dave Karoly Dave Karoly Vice President of Sales & Operations, REALTOR® Lamacchia Realty Waltham, Massachusetts https://www.lamacchiarealty.com  Region served: New England and Fort Lauderdale Years in real estate: 17 Number of offices: 17 Number of agents: 600 Best tip for getting the right listing price: Stop telling sellers the price. Instead, provide the guidance so…

The post Navigating the Changing Landscape appeared first on RISMedia.

The Sick Man of Europe  Dealbreaker

Merlin Properties and Unite raise €1.5bn of equity for growth  GlobalCapital

Six federal agencies—including the Consumer Financial Protection Bureau (CFPB), the Federal Housing Finance Agency (FHFA) and the Federal Deposit Insurance Corporation (FDIC)—recently announced a new standard of quality controls for automated valuation models, or AVMs, as used by mortgage originators and secondary market issuers. AVMs are algorithms that can estimate a property’s value using large…

The post Vice President Kamala Harris’ Plan for Mortgage AVMs Is Realized appeared first on RISMedia.

Century 21 Real Estate LLC. continues to fortify the brand’s presence in the Empire State with its latest affiliation of veteran-owned Herman & Co. Real Estate based in Staten Island.  Since the brokerage’s founding in 2004 by current broker/owner, Herman Herrera, it has been responsible for over $1 billion in sales volume throughout Staten Island…

The post Staten Island Brokerage Joins the CENTURY 21 Brand appeared first on RISMedia.

What are ‘golden visas’ and which EU countries still hand them out?  Euronews

Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020.

T3 Sixty plans to release "The Opportunity Report" as a follow up to its "DANGER Report" in early 2025. it says the new document will be comparable in its impactful earlier analysis of the industry.

From London to Lisbon: Why UK Professionals are Flocking to Portuguese Real Estate  Prolific London

Part of the relationship involves Local Logic providing iGo with a site license for NeighborhoodIntel, a recently released property reporting product that generates insights from more can 250 data points per home.

Alan Merriman of Elkstone: ‘Now is the time to buy real estate’  Business Post