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Day before eviction moratorium set to expire, Dems scramble for extension

USA Real Estate News-Inman - 2 hours 28 min ago
President Biden called on Congress on Thursday to extend the moratorium through the end of 2021, citing concerns over the quick spread of the Delta variant. Democrats were sent scrambling to respond.

LoanDepot’s ‘Grand Slam’ offer bundles agent, mortgage and title insurance

USA Real Estate News-Inman - 2 hours 38 min ago
LoanDepot and its agent matching subsidiary, mellohome, will offer cash rebates of up to $7,000 on bundled services.

3 brokers share 7 tips for guiding new real estate agents

USA Real Estate News-Inman - 2 hours 57 min ago
Three real estate brokers share how they help new agents navigate bidding wars, manage finances, and keep their sanity while building their business.

Listing Prices Increase But a Market Slowdown Is in Sight

USA Real Estate News-RISMedia - 3 hours 21 min ago

Softening and market slowdown are the new emerging keyphrases for where the housing market is headed. More sellers are coming onto the market, slowly addressing the inventory challenge and slowing home price growth, according to the latest Weekly Housing Trends report from realtor.com®.

Key findings:

– The median listing price increased 10.3% YoY—the 50th consecutive week of double-digit growth

Seller Profits Strong YoY, But Saw Q2 Blip

USA Real Estate News-RISMedia - 3 hours 22 min ago

In a break from historical trends, U.S. home-sale profits for sellers dipped in the second quarter of 2021—although they remain healthy YoY, according to a new report from ATTOM Data Solutions.

Key findings:

– A typical single-family home and condo sale in the U.S in Q2 generated a profit of about $94,500, an increase from $90k in Q1 and from $60,572 at the same time last year.

– For a median-priced condo, the average return on investment in Q2 declined to 44.9% from 48.4% in the first quarter.

Mortgage Rates Shift Slightly Up, But Still Under 3%

USA Real Estate News-RISMedia - 3 hours 23 min ago

The 30-year fixed-rate mortgage is averaging 2.80%, according to the latest Private Mortgage Market Survey from Freddie Mac.

FHFA Extends REO Eviction Moratorium

USA Real Estate News-RISMedia - 3 hours 24 min ago

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the eviction moratorium for single-family, real estate-owned (REO) properties until Sept. 30, 2021.

The REO eviction moratorium applies to properties that have been acquired by Fannie or Freddie through foreclosure or deed-in-lieu of foreclosure transactions. The current moratorium was set to expire on July 31, 2021.

Auctm updates empower brokers and team leaders to coach, decide and plan

USA Real Estate News-Inman - 3 hours 38 min ago
From rich charts to simple lists of effective lead sources, Auctm quickly diagnoses a brokerage's performance shortcomings and offers alerts and recommendations on how they should be fixed.

‘It’s a two-way conversation:’ 8 tips for social media naysayers

USA Real Estate News-Inman - 3 hours 53 min ago
If you question what value social media really adds to your business, don't. Point blank, it gives real estate agents way more reach than they could get offline. It's not for everyone, but here are some tips to make getting started easier.

Inman Top 5: The biggest stories of the week

USA Real Estate News-Inman - 4 hours 25 min ago
Catch up quickly on the biggest stories of the week, as determined by Inman website visitors. Here's the Inman Top 5 for the week of July 24-30, 2021.

Is over-the-top luxury real estate marketing coming back in style?

USA Real Estate News-Inman - 5 hours 31 min ago
"People had that initial 'I want, I want, I want,' and then they got very clear on what they wanted," Institute for Luxury Home Marketing President Diane Hartley told Inman.

Olympian to agent: Swimmer Ryan Cochrane talks to Inman about his transition

USA Real Estate News-Inman - 5 hours 53 min ago
Prior to becoming an agent, Ryan Cochrane had already brought home two Olympic medals and was a four-time champion of the Commonwealth Games.
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