Olivia Chan REALTOR®License #: CA DRE 01186727

Olivia Chan REALTOR®License #: CA DRE 01186727

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Elevated mortgage rates drive homebuilder confidence downward

USA Real Estate News-Inman - Tue, 2024-07-16 12:21
Homebuilders exhibited little optimism as the housing market showed little improvement month-to-month, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.

RealScout inks enterprise deal with Sotheby’s International Realty

USA Real Estate News-Inman - Tue, 2024-07-16 11:11
Nine months after signing an enterprise deal with Anywhere, California-based proptech leader RealScout has extended its reach to include Sotheby's International Realty's company-owned locations. Agents at SIR's company-owned locations will have full access to the RealScout platform, which includes a branded home search portal, interactive side-by-side listing comparisons, social media tools, lead management and distribution, and several other agent and broker-focused support features.

Homebuilder Confidence Continues to Reach New Lows in 2024

USA Real Estate News-RISMedia - Tue, 2024-07-16 11:09

Mortgage rates hovering near 7% and elevated rates for construction and development loans continued to put pressure on builder confidence in July, according to the latest National Association of Home Builders (NAHB) data. Experts feel, however, that this downward trend may soon reverse course due to bettering economic signs. The NAHB/Wells Fargo Housing Market Index…

The post Homebuilder Confidence Continues to Reach New Lows in 2024 appeared first on RISMedia.

Fed Chair Powell: We Don’t Have to Wait for 2% Inflation to Drop Rates

USA Real Estate News-RISMedia - Tue, 2024-07-16 10:12

In a surprising statement made during a speaking engagement at the Economic Club of Washington D.C. on July 15, Federal Reserve Chair Jerome Powell said that inflation would not necessarily have to hit 2% before interest rates are cut.  This statement constitutes a major shift from previous public comments made by the Fed emphasizing the…

The post Fed Chair Powell: We Don’t Have to Wait for 2% Inflation to Drop Rates appeared first on RISMedia.

Mortgage ‘knowledge gaps’ may be thwarting would-be homebuyers

USA Real Estate News-Inman - Tue, 2024-07-16 09:57
Three in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study.

United | Virtual Properties Realty Reaches 5,000-Agent Milestone

USA Real Estate News-RISMedia - Tue, 2024-07-16 09:38

United® | Virtual Properties Realty (VPR) has announced a significant milestone—reaching 5,000 agents, posting an all-time record sales performance and a four-year agent growth rate of 35% since merging with United Real Estate in 2020.   Celebrating its 25th anniversary this year, United | VPR stated it has joined the ranks of independent, non-franchised brokerages with…

The post United | Virtual Properties Realty Reaches 5,000-Agent Milestone appeared first on RISMedia.

United and HomeSmart Settle, Mid-Size Brokerages Battle on as Key Court Deadline Passes

USA Real Estate News-RISMedia - Tue, 2024-07-16 09:34

United Real Estate and HomeSmart yesterday became the latest companies to settle seller lawsuits, according to a filing in federal court, while several other companies simultaneously chose to push forward and continue fighting seller commission cases, potentially indicating there is still some appetite to contest claims by recent homesellers. According to a release from United…

The post United and HomeSmart Settle, Mid-Size Brokerages Battle on as Key Court Deadline Passes appeared first on RISMedia.

Consumer watchdog develops new standard to assess buyer contracts

USA Real Estate News-Inman - Tue, 2024-07-16 08:06
After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers.
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