Applications for purchase mortgages dropped last week for the second week in a row as rising home prices continue to shut many would-be homebuyers out of the market.

The Salary Needed To Buy A Home In 50 US Cities  Digg

In a court filing July 23, CoStar Group has asked a judge for an order for expedited discovery in its legal conflict with realtor.com parent Move, Inc. Included in the filing is that James Kaminsky, the CoStar employee formerly employed by Move, who Move claims improperly accessed proprietary information to be used by CoStar, has…

The post Employee at Center of CoStar/Realtor.com Legal Conflict Put on Paid Leave appeared first on RISMedia.

Judge says Top Agent Network "adequately alleged" NAR's Clear Cooperation Policy is a "group boycott." Meanwhile, NAR signals it may be open to repealing the rule.

These U.S. Cities and States Pay You to Move There  Real Estate

These southern US cities are the best for renters: Report  New York Post

The 10 most underrated U.S. cities to buy a home—the top 5 have median prices less than $300,000  CNBC

Interest rate cut offers relief and hope for some Londoners  CTV News London

JPAR® – Real Estate announced a significant reduction in its cap fee model, effective immediately.  JPAR stated that the reduction in cap fees, from 23 to 16 sides—the lowest since 2016—is particularly beneficial for agents committed to their real estate careers, as it reduces agent transaction fees to less than $10,000 annually. This initiative provides…

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Real estate market broken for everyone except the ultra-rich  OCRegister

Rent prices continued to drop for the 11th straight month this June, according to the latest data from Realtor.com®. Despite continued decreases, however, rents remain elevated from the pre-pandemic levels of 2019. Realtor.com’s Rental Report for June found that overall rents decreased by 0.4% to $1,743—0.6% ($11) below the August 2022 peak. Breaking down the…

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J.P. Morgan Taps Morgan Stanley Exec As New Head Of U.S. Real Estate Portfolio Strategy  Bisnow

Artificial intelligence software company Restb.ai has released a report on the effectiveness of floor plans on days on market.

Inventory is rising again, according to an analysis of housing data. But agents are still scrounging. Hundreds of brokers and agents shared what's working in the latest polling from Inman Intel.

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,…

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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…

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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…

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The Sick Man of Europe  Dealbreaker

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