Buyer & Seller Tips

New York Regional Single-Family Home Price Increases 8.9% in April

Bringing positive housing news to both sellers and buyers in one of New York’s priciest areas, housing prices and inventory are both up over last year, according to the latest market report from OneKey MLS, which covers transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains.   OneKey’s latest data…

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10 Top Habits of High-Performing Real Estate Teams

The winning formula to build and scale a successful real estate team in today’s market requires several must-haves, including a positive culture, a powerful marketing reach, effective communication and more. Here are 10 top habits of high-performing real estate teams to consider if you’re looking to form a team.  Prioritize team culture A strong culture…

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Mortgage Mix: FHA Requiring ‘Cyber Incident’ Reports; Homeowner Equity Hits New Record

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. -Leadership at Fannie Mae is highlighting the use of AI as a possible way to “get out of repurchases altogether,” according to National Mortgage News. At a Mortgage Bankers Association (MBA) conference last week, executives…

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Special Assessment Taxes vs. Property Taxes: How Do They Differ

Special assessment and property taxes are crucial to a city or town’s revenue system. They fund local services and infrastructure improvements. My comparative analysis will clarify their differences and guide property owners on their impact. In this article, you will learn the following: What special assessment taxes and property taxes are How these taxes differ…

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Mortgage Rates Drop Below 7%

Calling it an “unexpected windfall” of both lower rates and increased inventory of new and existing homes, Freddie Mac’s data showed the 30-year fixed-rate mortgage (FRM) averaging 6.94% this week, down from 7.02% last week and marking its third-straight week of declines. The data is tracked weekly in Freddie Mac’s Primary Mortgage Market Survey® (PMMS®),…

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What Legacy Brokerages Need to Do to Prevent Their Demise

The real estate industry is undergoing a seismic shift as traditional brick-and-mortar brokerages lose ground to modern, digitally-driven competitors. As real estate strategist Mike DelPrete points out, 2023 transactions were down 19% compared to the previous year. Still, tech-centric firms like eXp Realty, Compass and Keller Williams outperformed the market.  The Real Brokerage grew its…

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Longtime Minneapolis RE/MAX Owner Announces Retirement

After a 40-year career marked by what the company notes as his “unwavering dedication and visionary leadership,” John Collopy, founder and owner of RE/MAX Results, has announced his retirement. The company notes that Collopy has been instrumental in shaping the brokerage into one of the leading firms in the country. A release notes that Collopy…

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New Single-Family Sales Drop 4.7% in April; Mortgage Rates Remain High

Across the U.S., sales of single-family homes declined 4.7% to a seasonally adjusted rate of 634,000 in April, and overall sales were down 7.7% year-over-year, too, according to data released by the U.S. Census Bureau. Delving deeper, the median sales prices of new homes sold in April was $433,500, down 1.4% from March, though still…

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Anywhere Hosts Weeklong Special Impact Series Called Making Moves that Matter

Anywhere Real Estate hosted its Making Moves that Matter: A Week of Empowering impact event series this week. The event series is designed to explore the connection between inclusion and business results, with a focus on the impact every individual can make on the real estate industry and the world at large. Anywhere stated that…

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A Look Back at the 2023 Rookie of the Year Regional Winners: Part 2

RISMedia’s Rookie of the Year contest is back, honoring agents who are new to the business yet achieving extraordinary results. Now is the time to nominate a 2024 Real Estate Rookie of the Year!  Nominations may be submitted here. Deadline ends 11:59 p.m. on Wednesday, June 5. RISMedia’s Rookie of the Year program, sponsored by…

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