news aggregator

After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the housing market in 2025. The cut to the Fed’s benchmark interest rate brings it to…

The post Fed Moves Ahead With Expected Quarter-Point Rate Cut appeared first on RISMedia.

Travelers spent $20.1 billion on Airbnb in Q3, a 10 percent increase compared to a year ago, according to earnings results Thursday. Still, a spike in expenses as it seeks to grow overseas cut into profits.

Housing Market Predictions For 2025: When Will Home Prices Drop?  Forbes

Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy, Fannie Mae survey finds.

Weichert has reached a settlement in a case known as Hooper, according to new court documents. EXp's settlement in that case sparked pushback from plaintiffs in a different lawsuit.

Inked: Recent LI real estate deals  Long Island Business News

The National Association of REALTORS®’ (NAR) latest quarterly report shows that single-family existing-home sales prices climbed in 87% of measured metro areas (196 out of 226) in the third quarter of 2024 as mortgage rates continued to trend lower, with the 30-year fixed mortgage rate ranging from 6.08% to 6.95%. This is down from 89%…

The post NAR Quarterly Report: 87% of Metros Post Home Price Gains in Q3 2024 appeared first on RISMedia.

Plans to eliminate federal income taxes, enact high tariffs and force the Federal Reserve to cut federal funds rates could tank the housing market, economists say.

PGA National in Palm Beach Gardens could sell to London firm in high-priced deal  Palm Beach Post

In advance of his retirement from the firm, Lorber allegedly underwent a five-hour-long internal inquiry, Bloomberg reported, during which he disclosed intimate relationships with agents Jennine Gourin and Jessica Cohen.

Above, Lysi Bishop In Boise’s luxury real estate market, Lysi Bishop—founder of Lysi Bishop Real Estate of Keller Williams Realty Boise—has established a legacy of efficiency and client satisfaction. With over 30 years of experience and more than $2B in sales, she leads a full-service team of 20 agents and 30 support staff dedicated to…

The post Women In Real Estate: Redefining Client-Centered Success appeared first on RISMedia.

As any real estate professional can attest, universal solutions often fall short given the distinct needs of industry professionals across the board. This is especially true for Multiple Listing Services (MLS), which frequently struggle with the complexities of property data.  While some standardized platforms may suit individual agents or brokers, they rarely cater sufficiently to…

The post CRS Data’s MLS Tax Suite Empowers MLSs With Customized Data Sets to Meet the Needs of Their Customers appeared first on RISMedia.

Construction, Engineering and Real Estate — Industries  PwC Ireland

Mortgage rates inched up again this week, a six-week runup to date and not expected to stabilize by the end of the year, experts noted.  The 30-year fixed-rate mortgage averaged 6.79% this week, up from the previous week’s average of 6.72%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday.…

The post Mortgage Rates Move Up for Sixth Straight Week appeared first on RISMedia.

Addressing investors after a Q3 earnings report—in which the company greatly outpaced the broader industry and beat its own expectations—Zillow Chief Financial Officer Jeremy Hoffman said the portal giant is expecting continued tailwinds from broader changes to the real estate industry. “We work with the best partners, and we provide the most technology. So we…

The post Zillow Reports Blowout Earnings, Touts Settlement Adaptations appeared first on RISMedia.

8 U.S. cities where people are moving to live cheaply: They'd 'rather pack their bags than pay a higher rent,' expert says  CNBC

As Trump’s victory over Democratic candidate Vice President Kamala Harris became apparent on Wednesday, bond markets reacted sharply. The benchmark 10-year Treasury yield jumped to 4.479%, its highest level since July, according to news reports. Mortgage rates responded in kind, with the average 30-year fixed rate rising to 7.13% on Wednesday, up nine basis points…

The post How Industry Experts See Trump’s Return to the White House Impacting Housing appeared first on RISMedia.

Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year.

Trump’s victory indicates a real estate boost that stops at US borders  PERE

In a Q3 2024 earnings call Nov. 7, Anywhere Real Estate reported financial results for the third quarter ended September 30, 2024, which included earnings of $7 million but sales falling 3.1% year on year to $1.54 billion. On a per-share basis, the Madison, New Jersey-based company said it had profit of 6 cents. Earnings,…

The post Anywhere Q3: Sales Fall 3.1% YoY; Burnett Settlement Payments Proceeding appeared first on RISMedia.