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 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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Purchase of U.S. Property by Foreign Buyers Slips to the Lowest Level Ever Recorded
Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, slipping 9.6% from the previous 12-month period, according to a recent report from the National Association of REALTORS® (NAR). Foreign buyers purchased 84,600 properties, down 14.2% from the prior year and the fewest number of homes bought since 2009,…
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Mortgage Rates Reach Highest Level in Almost 23 Years
After a slight uptick to 7.19% a week ago, the 30-year fixed-rate mortgage (FRM) averaged 7.31% this week, its highest level in 23 years, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 7.31% as of September 28, 2023, up from last week…
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Remaining Resilient in an Uncertain Market
The Power Broker Roundtable is brought to you by the National Association of REALTORS® (NAR) and Kymber Lovett-Menkiti, NAR’s Broker Relations Liaison. Watch for this column each month, where we address broker issues, concerns and milestones. Participants pictured above are, from left to right: Moderator: Kymber Lovett-Menkiti, President, Keller Williams Capital Properties, Washington D.C., Broker…
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