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The National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in Q2 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home. The median price of a new home in Q2 was $412,300 vs. the…

The post Median Price Existing Homes Less Affordable Than New Homes in Q2 appeared first on RISMedia.

2 Dallas neighbors top the list of best real estate markets in America  CultureMap Dallas

Mauricio Umansky shares five key strategies for making (and modeling) more meaningful choices as a brokerage leader.

The real estate industry is overflowing with turnkey software that’s exactly the same across every installation. While this is often fine at the agent and, to an extent, broker levels, a “one size fits all” strategy isn’t robust enough for the needs of MLSs, particularly when it comes to property data. Flood maps, for example,…

The post The Importance of Diverse Data Sets appeared first on RISMedia.

Three weeks ago, in my blog titled “Going for Gold,” I delved into the Olympics, capturing the essence of competition and camaraderie. Building on that theme, this week I want to explore the upcoming Paralympic Games. As we look forward to these games, they provide another dimension to our understanding of sportsmanship and resilience. As…

The post Thoughts on Leadership: Insights From the Evolution of the Paralympic Games appeared first on RISMedia.

Would you like excellent moving tips for the summer? Moving after selling your home in the summer can present unique challenges and opportunities. The warm weather, peak moving season and specific logistical considerations all play a role. My guide will teach you to manage these factors effectively to ensure a seamless transition. I will provide…

The post Tips for a Smooth Move After a Summertime Home Sale appeared first on RISMedia.

North Texas city named best real estate market in US; 4 Lone Star State cities rank in top 10  lonestarlive.com

CEO Brian Bair told National Mortgage News in a recent interview that agents no longer view Offerpad as a threat, noting they can make 4 percent if a client takes the company’s cash offer and the home is updated and resold.

Sales of existing housing inventory in the U.S. reversed course in July, posting an increase after four months of decline. This data comes courtesy of the National Association of REALTORS®’ (NAR) monthly update on existing-home sales. The report showed that total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—increased 1.3% from June…

The post Existing-Home Sales Up for the First Time in Months appeared first on RISMedia.

Dimensional US Real Estate ETF (NYSEARCA:DFAR) Hits New 52-Week High at $24.22  Defense World

How Population Changes Impact U.S. Real Estate  Seeking Alpha

Ranking: McKinney, Texas Tops Best U.S. Real Estate Markets  Local Profile

The 30-year fixed-rate mortgage (FRM) remains at the low level seen recently, from last week’s average of 6.49% to a current average of 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 6.46%, down from last week when it averaged 6.49%. A…

The post Mortgage Rates Remain Low; Expert Sees Little Change appeared first on RISMedia.

Anytime is a good time to change your life and the way you do business for the better, Jimmy Burgess writes. Find out what it takes with this "simple" plan.

Existing-Home Sales Inch Up But Prices Keep Soaring  Bankrate.com

Inside Real Estate (IRE) and RE/MAX, LLC., have agreed to expand an enterprise software deal that will entrench BoldTrail in its network offices throughout the United States and Canada.

An entity tied to Musk has filed a notice of default on the property, which Wilder's nephew purchased from Musk with the assistance of a loan from the Tesla CEO in 2020.

Above, Ryan Schneider and Sue Yannaccone With Aug. 17 in the rearview mirror, real estate professionals are now navigating a new era of real estate—one they’ve been preparing for since the NAR practice changes came about as a result of last year’s legal settlement.   In an effort to help agents and brokers transition into this…

The post Laying Out the Roadmap to Success in Real Estate’s New Era: ‘Get Comfortable Operating in the Gray’ appeared first on RISMedia.

Chinese Developer Seeks US Recognition For $7.4B Reorg  Law360

Existing-home sales tallied a 1.3 percent uptick in July following four months of declines, according to NAR data released Thursday. However, market headwinds have kept sales sluggish compared to 2023.