RERL-1782 – NAR lawsuit – What does it mean for the real estate industry?
The National Association of Realtors found themselves on the wrong end of a landmark decision today. High commissions have long been a point of contention for consumers already paying top dollar for their new home and now future buyers and sellers will finally get a win. Not only will the NAR be forced to pay out millions for artificially inflating commissions, but they will also be forced to make a number of systemic changes that…
RERL-1782 – NAR lawsuit – What does it mean for the real estate industry?
The National Association of Realtors found themselves on the wrong end of a landmark decision today. High commissions have long been a point of contention for consumers already paying top dollar for their new home and now future buyers and sellers will finally get a win. Not only will the NAR be forced to pay out millions for artificially inflating commissions, but they will also be forced to make a number of systemic changes that…
RERL-1781 – Market Update Q2 – Real Estate and Lending
Q2 is fast approaching, but just one month ago a sudden spike in interest rates froze consumers just as they were getting pumped up to start the season. Of course, the market wasn’t going to stay stagnant for long. Inventory is trickling in and while it is still a sellers’ market, only specific areas are attracting the same hand over fist draw that consumers are used to seeing. So, what are the best home seller…
RERL-1781 – Market Update Q2 – Real Estate and Lending
Q2 is fast approaching, but just one month ago a sudden spike in interest rates froze consumers just as they were getting pumped up to start the season. Of course, the market wasn’t going to stay stagnant for long. Inventory is trickling in and while it is still a sellers’ market, only specific areas are attracting the same hand over fist draw that consumers are used to seeing. So, what are the best home seller…
RERL-1780 – Reverse Mortgages & Alternative Financing
Years ago, people got in trouble for taking advantage of the elderly by abusing reverse mortgages. Today the reverse mortgage still carries around a lot of that stigma, but that ends now! With interest rates still solidly in the 7% range, a reverse mortgage can be a tremendous benefit to any homeowner aged 62 or older who would describe themselves as house rich and cash poor. Don’t run from the reverse mortgage thinking it’s the…
RERL-1780 – Reverse Mortgages & Alternative Financing
Years ago, people got in trouble for taking advantage of the elderly by abusing reverse mortgages. Today the reverse mortgage still carries around a lot of that stigma, but that ends now! With interest rates still solidly in the 7% range, a reverse mortgage can be a tremendous benefit to any homeowner aged 62 or older who would describe themselves as house rich and cash poor. Don’t run from the reverse mortgage thinking it’s the…
RERL-1779 – When will rates improve enough to make a difference?
How low do rates need to go to make a difference in the marketplace? Just a couple years ago consumers could get 30-year fixed loans with interest as low as 3%. This spurred a huge boom in refinances and home purchases. To no one’s surprise, interest rates jumped up to 8%. The sudden spike paralyzed the consumer and the economy making last year one of the worst years for real estate transactions. Will the market start…
RERL-1779 – When will rates improve enough to make a difference?
How low do rates need to go to make a difference in the marketplace? Just a couple years ago consumers could get 30-year fixed loans with interest as low as 3%. This spurred a huge boom in refinances and home purchases. To no one’s surprise, interest rates jumped up to 8%. The sudden spike paralyzed the consumer and the economy making last year one of the worst years for real estate transactions. Will the market start…
RERL-1778 – Will AI Fully Automate Residential Real Estate?
Way back in the early 2000’s, everyone in the mortgage company panicked when a single company decided they would go all in and become the first online mortgage company. It didn’t take long for professionals to figure out how archaic the system was and today, going online for any part of your home buying experience is just part of the process. Now AI is making its big debut in real estate as Zillow announces it…
RERL-1778 – Will AI Fully Automate Residential Real Estate?
Way back in the early 2000’s, everyone in the mortgage company panicked when a single company decided they would go all in and become the first online mortgage company. It didn’t take long for professionals to figure out how archaic the system was and today, going online for any part of your home buying experience is just part of the process. Now AI is making its big debut in real estate as Zillow announces it…