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Falling to its lowest level since May 2023, the average 30-year-fixed mortgage rate fell again this week to 6.35%, down from last week’s 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers:  The 30-year FRM averaged 6.35% as of August 29, 2024, down from last week…

The post Mortgage Rates Continue Falling Ahead of Expected Rate Cut appeared first on RISMedia.

The National Association of REALTORS®’ (NAR) latest report on pending home sales found a 5.5% drop-off in July 2024. Compared to July 2023, the decline is even steeper at 8.5%. In June, pending sales reversed a three-month decline and rose 4.8%. July also saw the first increase in existing-home sales in four months. Those hoping…

The post Pending Home Sales Can’t Sustain Midsummer Momentum appeared first on RISMedia.

CIBC beats profit estimates, puts US real estate woes behind  MSN

Real estate is both a hyperlocal industry and one highly susceptible to both national and macroeconomic trends. Paying attention to the bigger picture might as well be in the job description for any agent or broker. Here are some ongoing real estate trends that agents, brokers and other industry professionals alike should keep in mind…

The post Real Estate News and Trends to Keep An Eye On appeared first on RISMedia.

CIBC beats profit estimates, puts US real estate woes behind  Yahoo Canada Finance

CIBC beats profit estimates, puts US real estate woes behind  Reuters

DC Attorney General Brian Schwalb found that four title companies gave financial and other perks to real estate agents in return for homebuyer referrals. The companies have agreed to pay $3 million.

Home contract signings hit lowest since 2001 as house hunters losing hope  USA TODAY

The Skyline Robotics robot will be tasked with maintaining the windows of a Durst Organization-owned 45-story Class A office tower on Sixth Avenue in New York City, it was announced this week.

States With Highest Crime Rates in the United States (2024)  Norada Real Estate Investments

London super-prime property rentals boom as ultra-rich delay purchases  The National

The announcement comes about six months after Bailey was replaced as RE/MAX president by Amy Lessinger. At T3 Sixty, he will focus on business development, consulting and representing the firm at industry events.

HomeLight Inc. OMelveny & Myers USA Real Estate Internet & S...  Law.com

The Hottest U.S. Housing Markets | U.S. News Housing Market Index  Real Estate

Lowest mortgage rates spur U.S. property market  News Reports

MCI USA Partners with the National Association of REALTORS® to Drive Non-Dues Revenue and Provide Exhibit Hall Management  PR Web

U.S. Homebuyer Median Down Payment Hits Record $67,500  The World Property Journal

8 Bishopsgate, UK  Turner & Townsend

Buying London's Daniel Daggers: 'I sell London homes to royalty and the 1%'  Yahoo News UK

HE Capital makes first investment for London-focused fund  PERE