Staying Ahead as a New Leader
Jason Carrier recently took over as president of CENTURY 21 New Millennium, an Alexandria, Virginia-based firm that provides service to customers in Virginia, Maryland, Washington, D.C., West Virginia and Pennsylvania. Carrier began in the real estate industry 22 years ago following in the footsteps of both his parents. He felt it was in his blood…
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Demonstrate Your Value to Buyers, Amidst Industry Change
On Aug. 17, 2024, a landmark settlement with the National Association of REALTORS® (NAR) changed how commissions are handled. This gives buyers more control in negotiating their fees and the potential of paying their agent’s compensation directly. As commissions shift and the market adapts, the need to demonstrate your value has never been greater. Creating…
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Think AI Will Replace You? Think Again—Here’s How It Will Help
Artificial Intelligence (AI) is no longer a concept of the future; it’s a tool that’s transforming industries right now, and real estate is no exception. Many agents may feel apprehensive about AI, fearing that it will replace the human touch that is so critical to success in our field. But here’s the good news, AI…
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Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week
Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s latest mortgage application data from the Mortgage Bankers Association’s…
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NextHome Settles Seller Lawsuits in Ketchmark Copycat
NextHome has become the latest brokerage to strike a settlement agreement with seller plaintiffs in ongoing commission lawsuits, joining more than a dozen other defendants who have negotiated deals in the largest Burnett copycat case (known as Gibson) led by star trial attorney Michael Ketchmark. A judge paused all upcoming deadlines after NextHome and plaintiffs’…
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Inflation Continues Decline in Latest Consumer Price Index
In a seemingly positive sign for consumers, inflation has now posted the lowest recent annual increase two months in a row. Previously, in July 2024, the Consumer Price Index (CPI)—key inflation gauge assembled by the U.S. Bureau of Labor Statistics—rose only 2.9% year-over-year. In the latest CPI for August, the index rose by 2.5%, continuing…
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Seller Dwellers: As Mortgage Rates Decline, Will They Finally Plant ‘For Sale’ Signs?
They’re the yangs to the high-mortgage-rate yins. The homeowners who have the 3% – 4% 30-year mortgage rates and have, over the last few years, refused to vacate, logically in most cases as they have not wanted to take on new mortgages in the 6% – 8% range. All evidence points to a rate cut…
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Housing Inventory Hits Highest Level Since May 2020
With fall approaching, home shoppers will see a plethora of options this buying season as housing inventory hits the highest level seen since May 2020, according to Realtor.com® data. Realtor.com®’s August Housing Trends Report found that the number of homes actively for sale grew by 35.8% year-over-year, the 10th straight month of growth and the…
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Anywhere Real Estate Named Among World’s Most Trustworthy Companies
Anywhere Real Estate Inc. has been named by Newsweek as one of the World’s Most Trustworthy Companies. The World’s Most Trustworthy Companies list is presented by Newsweek and Statista Inc., according to a release. Companies on the list were chosen based on evaluations of trust across three main groups: customers, investors, and employees. The list…
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NAR Announces C5 + CCIM Global Summit Location, Time and Keynote Speaker
The National Association of REALTORS® (NAR) has announced that its C5 + CCIM Global Summit–co-hosted with the CCIM Institute–will take place from September 17-19, 2024 at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida. “The 2024 C5 + CCIM Global Summit provides business, learning and networking opportunities for commercial real estate professionals while…
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