Olivia Chan REALTOR®License #: CA DRE 01186727

Olivia Chan REALTOR®License #: CA DRE 01186727

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REBNY leads 1,500 NYC agents at rally in opposition to broker fee bill

USA Real Estate News-Inman - Wed, 2024-06-12 19:40
REBNY members on Wednesday demonstrated against the FARE Act, a bill that would require rental property owners to cover the cost of broker fees, rather than pass them off on tenants.

Fed cool on rate cuts despite encouraging May inflation report

USA Real Estate News-Inman - Wed, 2024-06-12 16:16
Policymakers now envision making just one rate cut this year, but investors who fund most mortgages are still betting the central bank will change its tune if inflation continues to ease.

Mortgage rates plummet as CPI report shows inflation cooling

USA Real Estate News-Inman - Wed, 2024-06-12 14:16
Rates have returned to last week's levels, when applications for purchase loans leapt by 9 percent from the week before, and refi applications surged by 28 percent.

Gitcha leverages proposed NAR settlement to bolster buyers

USA Real Estate News-Inman - Wed, 2024-06-12 14:09
A new company called Gitcha has launched which prioritizes an active buyer's needs in the same way a portal advertises available listings. It’s active in the greater Phoenix MSA, including Scottsdale.

Level-Up Your Leadership: How to Lead Agents in Fraught Times

USA Real Estate News-RISMedia - Wed, 2024-06-12 13:11

In today’s unprecedented times for residential real estate, leadership matters more than ever. Real estate leaders will share new strategies for leading in turbulent times in a special session at RISMedia’s CEO & Leadership Exchange being held Sept. 4-6 at the Mayflower Hotel in Washington, D.C. Click here to register now! The session, titled, “Level-Up…

The post Level-Up Your Leadership: How to Lead Agents in Fraught Times appeared first on RISMedia.

Sean Hannity parts ways with Long Island home for $12.7M cash

USA Real Estate News-Inman - Wed, 2024-06-12 13:10
The conservative talk show host put the property on the market in May, and it went under contract within one week after receiving four offers. A fan reportedly purchased the home, as well as its furniture and books from the library.

VA Temporarily Allows Military Borrowers to Pay Their Own Real Estate Agent’s Fees

USA Real Estate News-RISMedia - Wed, 2024-06-12 12:39

In a move designed to help military service members, veterans and eligible spouses stay competitive in the current housing market, the Department of Veterans Affairs (VA) announced Tuesday that it will temporarily allow VA borrowers to pay their own buyer agent fees in certain situations. The new policy, which goes into effect on Aug. 10…

The post VA Temporarily Allows Military Borrowers to Pay Their Own Real Estate Agent’s Fees appeared first on RISMedia.

Mortgage Industry Exodus: ‘Nearly Half’ of Producing Loan Officers Have Left the Business

USA Real Estate News-RISMedia - Wed, 2024-06-12 12:20

Christina Bennett loved the mortgage industry, but after undergoing multiple layoffs, she says the feeling wasn’t mutual. Bennett spent years in and out of mortgage roles in various underwriting posts, rising to the management ranks in her last company, Caliber Home Loans, where she spent nearly eight years. Although she had been through layoffs before,…

The post Mortgage Industry Exodus: ‘Nearly Half’ of Producing Loan Officers Have Left the Business appeared first on RISMedia.

Mortgage Applications Shift Upward This Week

USA Real Estate News-RISMedia - Wed, 2024-06-12 11:50

Mortgage applications shifted course and increased 15.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 15.6% on a seasonally adjusted basis from one week earlier. …

The post Mortgage Applications Shift Upward This Week appeared first on RISMedia.

Inflation Unchanged in May; Neutral News for Potential Fed Rate Cut

USA Real Estate News-RISMedia - Wed, 2024-06-12 11:15

The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, was unchanged in May on a seasonally adjusted basis, after rising 0.3% in April, the U.S. Bureau of Labor Statistics reported June 12.  After hitting a 40-year high of 9.1% in June 2022, inflation has slowed. But after…

The post Inflation Unchanged in May; Neutral News for Potential Fed Rate Cut appeared first on RISMedia.

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