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As mortgage rates rose back up to the 7% range last week and home prices remain elevated, market signs don’t necessarily point to significant improvement anytime soon. Despite the challenges, however, new-home sales continue to fight through—posting a strong rise in March. New-home sales rose 8.8% in March to a rate of 693,000, up 8.3%…

The post New-Home Sales Jump in March appeared first on RISMedia.

Consistent home price appreciation is touted as the main benefit of homeownership; however, runaway home price growth over the past five years has homeowners feeling locked into a financial prison. According to Redfin's latest market study, 38 percent of 3,000 homeowners said they couldn't afford their home if they were to buy it today. As a result, homeowners are staying in place much longer — 59 percent said they've been in their home for at least 10 years and 21 percent have been in their home for at least five.

After two years of incredible industry response—and an expansion to honor not just a national winner but five regional winners and 20 runners-up—RISMedia’s third annual Real Estate Rookie of the Year contest opens for nominations on May 1. A program designed to honor real estate agents who are new to the business yet achieving extraordinary…

The post 2024 Rookie of the Year Nominations to Open May 1 appeared first on RISMedia.

Fed Warns of High Risks in U.S. Real Estate Market  Norada Real Estate Investments

Fed Report Warns of High Risks in the U.S. Real Estate Market  Norada Real Estate Investments

Compensation is being removed from the MLS, and buyer agents will be required to sign written agreements with clients. Those changes affect everyone, but not everyone is reacting, adapting or preparing for them in the same way. With how local real estate remains, the path forward will depend on who you are following. Merri Jo…

The post Stellar MLS CEO Stands Tall as Industry Faces Tough Questions Post-Settlement appeared first on RISMedia.

Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were "fair, reasonable and adequate" and set a final approval hearing for November.

First-time buyers facing most expensive properties in 70 years as housing ladder 'broken', new report finds  My London

In a profession built on trust, integrity, and fairness, a new initiative is emerging to raise the bar for real estate professionals nationwide. The Jason Mitchell Group (JMG) has announced the launch of The Real Estate Agent Pledge—a transformative movement aimed at promoting transparency and fairness in every real estate transaction. The Real Estate Agent…

The post The Real Estate Agent Pledge: The Jason Mitchell Group’s Commitment to Transactional Transparency and Fairness appeared first on RISMedia.

Region Spotlight: Eastern Europe  National Association of REALTORS®

Judge Approves $418 Million Settlement That Will Change Real Estate Commissions  The New York Times

Sales of newly built, single-family homes rose 8.8 percent in March, a reflection of the beginning of a busy homebuyer season. New-home sales rose 8.3 percent year over year, according to the U.S. Census Bureau.

US faces real estate risks, Fed report warns  Central Banking

Valor completes £25m double acquisition of London logistics assets  Bridging & Commerical

Hagag Development Europe Appoints Ana-Maria Nemțanu as Leasing Director  Business Review

EBI Consulting Launches Groundbreaking US Commercial Real Estate and Telecom Regulation Bulletin  PR Web

Valor Buys Pair of London Last-Mile Properties for £25 Million  CoStar Group

Phil Spencer: the London postcodes where first-time buyers can steal a bargain  The Telegraph

Whether it's commission lawsuit settlements or life in general that's causing your stress, broker-owner Pam Blair offers insight to help you come out stronger on the other side.

Valor acquires London last mile assets for €2...  PropertyEU