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A tumultuous summer so far in real estate has left brokers shaken, with signs of a broad housing pullback—including big hits to home sales, building permits and new construction starts—causing concern. Meanwhile, price drops and homes spending more time on the market have some worried about waning demand. But the latest edition of RISMedia’s Broker…
Not yet law but now much closer to receiving President Biden’s signature, the Democratic “Inflation Reduction Act” survived a careful balancing act between centrists and progressive members of the caucus, along with virulent opposition from Republicans and is likely headed for a vote in the House this week. Focused mostly on health care and climate…
For the second straight week, mortgage applications increased, up 0.2% from one week earlier, according to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 5, 2022, released Wednesday. Data shows that while there was a decline in purchases, an uptick in refinances edged the overall…
The post Refinances Fuel Slight Increase in Mortgage Applications This Week appeared first on RISMedia.
NAR has announced the roster of its 2023 Leadership Academy class. Twenty REALTORS® from across the country have been chosen to participate in the 10-month program, which will prepare emerging state and local volunteers for future leadership positions at NAR. “NAR’s Leadership Academy identifies, inspires and mentors the next generation of REALTOR® leaders for future opportunities…
The post National Association of REALTORS® Announces 2023 Leadership Academy Class appeared first on RISMedia.
It’s still not good, but “better” is great news right now. That appears to be the consensus from economists after the latest inflation data from the Bureau of Labor Statistics (BLS) showed prices are finally starting to come down, with the Consumer Price Index (CPI) reading 8.5%—lower than expected, and a significant reversal improvement over…