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Want a life of luxury? The 10 cities where it’s a relative bargain

USA Real Estate News-Inman - Fri, 2024-05-31 12:27
Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely.

Daniel Daggers on ‘Buying London,’ commission view across the pond

USA Real Estate News-Inman - Fri, 2024-05-31 12:18
The founder of London-based luxury firm DDRE Global and star of the new Netflix series "Buying London" recently spoke with Inman about the show's so-far icy reception and how he thinks the commission lawsuit settlements will change the industry.

MLSs opt out, work around, push back at new rules: The Download

USA Real Estate News-Inman - Fri, 2024-05-31 11:47
MLSs rethink rules and develop new policies in the face of upcoming changes to their ability to post compensation information.

Mortgage Mix: Mortgage Rates Rise; CFPB Launches ‘Junk Fee’ Inquiry

USA Real Estate News-RISMedia - Fri, 2024-05-31 11:44

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. –Mortgage rates ticked back up above 7% after weeks of declines, according to the latest data from Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 7.03%, up from 6.94% last week, and the 15-year FRM…

The post Mortgage Mix: Mortgage Rates Rise; CFPB Launches ‘Junk Fee’ Inquiry appeared first on RISMedia.

Deciphering Portal Info and Traffic Patterns: What Means What, and to Whom?

USA Real Estate News-RISMedia - Fri, 2024-05-31 11:03

When two competing corporations face off aggressively and publicly, it can often make for great theater, which is what’s happening in the residential real estate realm. Realtor.com® and Homes.com have taken to launching broadsides at each other as the two portal giants battle for second place behind Zillow for home-search site-traffic supremacy. But as with…

The post Deciphering Portal Info and Traffic Patterns: What Means What, and to Whom? appeared first on RISMedia.

Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait

USA Real Estate News-RISMedia - Fri, 2024-05-31 10:58

The personal consumption expenditures (PCE) price index increased 0.3% in April, the Commerce Department reported on May 31, matching a similar gain in March. It’s not a wholly positive sign for those hoping that the U.S. central bank will cut interest rates soon, as it suggests the elevated pace of price increases could last longer…

The post Inflation Numbers Show Little Progress; Interest Rate Cuts May Have to Wait appeared first on RISMedia.

Study: Only 4 States Are Affordable for Typical U.S. Household

USA Real Estate News-RISMedia - Fri, 2024-05-31 10:39

It’s no question that affordability is stratified, and as such, housing markets tend to differentiate from state to state. According to a recent analysis by Clever Real Estate, the median household can only afford the typical home in four states: West Virginia, Ohio, Iowa and Indiana. The latest homeowner affordability data is based on the…

The post Study: Only 4 States Are Affordable for Typical U.S. Household appeared first on RISMedia.

Luxury’s back, baby: It’s Inman’s Top 5

USA Real Estate News-Inman - Fri, 2024-05-31 09:35
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

‘It’s Up to the Women’: The future of real estate is in your hands

USA Real Estate News-Inman - Fri, 2024-05-31 03:00
With lessons gleaned from Eleanor Roosevelt's Depression-era book, Rachael Hite offers the pep talk you need to take your future, and the future of the real estate industry, into your own two hands.
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