Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case
-With a potential government shutdown looming this weekend, mortgage lenders are preparing for potential disruptions, mostly affecting transactions that require federal flood insurance—though the potential fallout is still unclear. –Mortgage rates reached a two-decade high this week, with the 30-year fixed climbing to an average of 7.31%, according to Freddie Mac. This comes despite a…
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Op-Ed: The Civic Duties of the Real Estate Professional
There really is nothing as powerful as people fighting for their community. In this information age, we see people form groups and friendships that stretch across borders, across oceans; or they stay involved with their hometown from thousands of miles away. But physically living or working in a place—walking, biking or driving those streets every…
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Latest Inflation Data Beats Expectations; Consumers Still Spending
While still ticking upward, the PCE index—the Federal Reserve’s preferred measure of price increases—rose less than expected today, fueling optimism that there won’t be another resurgence in inflation. Additionally, the report showed that consumer spending rose slightly, another positive sign that consumers are continuing to open their pocketbooks despite a hawkish Fed and some previously…
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Report Shows Slowing Improvements in Mortgage Delinquencies
Mortgage rates are a predictor for homebuyer behavior—a conversation you’ve surely had with your clients before. Data analytics firm Black Knight, recently acquired by the Intercontinental Exchange, has released a Mortgage Monitor report tracking the state of mortgage delinquencies. The main takeaway? Mortgage delinquencies are declining, as is the rate at which they’re doing so.…
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NAR Accuses Lawsuit Plaintiffs of Attempting to Dodge Cross-Examination
With just under three weeks before the first of the major commission lawsuits goes to trial, the potential for courtroom drama appears to be growing as three of the plaintiffs who launched the suit are attempting to withdraw as class representatives. Lawyers for the National Association of REALTORS® (NAR) and two brokerages named as defendants…
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Thoughts on Leadership: Lessons From Colorado Football Coach Prime
Today, I sat down between meetings to write this post to you as I prepare to attend the 49ers vs. Giants home game with Chris Sears and many other friends later tonight. Go Niners! Excitement for the game—and chatting with Tom Ferry—has me thinking about leadership, football and coaching, which was already on my mind…
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Mastering the Art of Home Staging: An On-Target and On-Trend Approach
The art of staging not only helps prospective buyers envision themselves in a home, it also aids real estate professionals as they work to close quicker and for top dollar. Offering a full-picture enterprise, Nikki Watson brings her expertise in home design, staging and construction to her Dallas- and Atlanta-based company, The Design Quad. Founded…
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Stay Safe and Secure With These REALTOR® Safety-Month Picks
September is REALTOR® Safety Month, but agent safety should be top of mind for every REALTOR® every day. NAR REALTOR Benefits® can help members and their families stay safe with best-in-class products and services. Whether it’s protecting yourself against identity theft, staying safe while driving or keeping your business protected through E&O insurance, NAR REALTOR…
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How to Win Listings and Generate Pre-Sale Buzz With Your Phone
In the fiercely competitive world of real estate, securing a listing and generating excitement around a property is essential for success. Property photos play a pivotal role in this success, which is why it’s so important to ensure you use high-quality photos that capture attention. But here’s the question: How can a savvy real estate…
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How to Help Clients Find a Real Estate Attorney
The real estate world is dynamic and filled with exciting opportunities and intricate challenges. Whether stepping into the market as a buyer, seller, or someone dealing with property-related complexities, having the right real estate attorney by your side is like having a compass in uncharted territory. But how do you find that ideal legal partner…
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