Monthly Archives: April 2018

5 Challenging Markets for Millennials

Across the country, buyers are competing in what has been called the “harshest market yet“—but for millennials, the competition is fiercest in higher-income metros, according to an analysis by realtor.com®: San Jose, Calif. List Price (Median): $1,244,000 Millennial Income: $109,800 Millennial Population: 14.3 percent Seattle, Wash. List Price (Median): $553,000 Millennial Income: $78,300 Millennial Population: […]

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Homeownership Rate Roadblocked

…And That’s Not a Bad Thing With distressingly low supply and unprecedented price surges, the homeownership rate is stalling: 64.2 percent in the first quarter of 2018, according to the government—no improvement quarter-over-quarter, and negligible progress year-over-year. Is the nonstarter worrying? In the first three months of 2017, the homeownership rate was 63.6 percent; in […]

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Blending Culture and Technology to Build Profitable Relationships

In the following interview, Mavera Mir, broker/CEO of Realty ONE Group United in Torrance, Calif., discusses “coolture,” leads, the market, and more. Region Served: Inland Empire, San Gabriel Valley, South Bay and Greater Los Angeles, Calif. Years in Real Estate: 12 Number of Offices: 3 Number of Agents: 159 Motto/Work Philosophy That You Live By: […]

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VIDEO: Commemorate the 50th Anniversary of the Fair Housing Act

Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily e-News. Join NAR’s year-long commemoration of the 50th anniversary of the Fair Housing Act. Watch […]

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Analysis: Appreciation Lags From Redlining

Homes in neighborhoods that were redlined in the past have not caught up to their counterparts in value, according to an analysis recently released by Zillow. The average “hazardous” home—as deemed by the now-defunct Home Owners’ Loan Corp. (HOLC), a GSE of sorts—are at 85 percent of the median value. The median of a neighborhood […]

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Mortgage Rates Spike

The average 30-year, fixed mortgage rate spiked this week, to 4.58 percent—a high not hit in four years, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average was 4.47 percent the prior week. The average 15-year, fixed rate, at the same time, was 4.02 percent, while the five-year, Treasury-indexed hybrid adjustable rate was […]

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Brandon Wells: Better Than Yesterday

Vitals: The Group, Inc. Years in Business: 42 Size: 6 offices, 198 agents Region Served: Northern Colorado 2017 Sales Volume: $1,878,751,329 2017 Transactions: 4,740 sides www.thegroupinc.com It was 42 years ago when 12 innovative REALTORS® joined forces and started The Group, Inc., a real estate firm with a dozen equal owners that focused on work […]

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Are Buyers Stretched Too Thin?

With a nationwide inventory shortage, home prices are spiking, spurring bidding wars in tough-to-negotiate sellers’ markets—and yet, these conditions are not dissuading buyers from throwing their hat in the ring, even if that means stretching themselves thin to reach that homeownership goal. According to a CoreLogic study completed for The Wall Street Journal, around one […]

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