New Luxury Market Report Examines Affluent-Priority Shifts, Hot Markets
The Institute’s Luxury Market Report is your guide to analysis on the trends and comparative data in the top residential markets across Canada and the United States. May’s report examines the current statistics of the luxury market in North America on a month-to-month basis, along with the 13-month trend. This month, we explore new mindsets…
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Above: Sonny Downey, left, and Raymond Rivera Raymond Rivera CEO Sonny Downey President United Real Estate | Gallery Jacksonville, Florida https://www.UnitedRealEstateGallery.com Region served: Greater Jacksonville and Northeast Florida Years in real estate: Ray: 18; Sonny: 20 Number of offices: 8 Number of agents: 400 Why did you choose United Real Estate’s national network? Raymond Rivera:…
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Affordability Struggles Persist, With New Challenges Emerging
Tightening credit availability is adding to affordability struggles as rates remain elevated, inventory shortages worsen and home prices strengthen, according to a new report from Black Knight. Black Knight’s monthly Mortgage Monitor report uses the company’s mortgage, real estate and public records data sets to observe industry trends. April’s report looked at the intersection of…
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Home Envy ‘Rampant’ Among Younger Generations
A survey, conducted by tech services company Mphasis Digital Risk, found that “home envy” is stronger among generations Z and Y. The survey shows responses from 1,386 Americans aged 46 or younger across the spectrum from lower to upper middle income. 74% percent of respondents indicated they currently own a home; the same percentage agreed…
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Debt Ceiling, Rate Jitters Ding Broker Confidence
A late run-up in mortgage rates and an ugly standoff in Washington D.C. appear to have spooked the real estate industry as RISMedia’s Broker Confidence Index (BCI) skidded in May, falling to its lowest reading of the year. As mortgage rates simultaneously reached a six-month peak, both real estate professionals and consumers were bombarded with…
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Home-Price Growth Continues Single-Digit Slowdown in April
Home price growth rose 2% year-over-year, the 135th consecutive month of annual growth, according to a new report from CoreLogic. CoreLogic’s latest Home Price Index found that April marked the sixth straight month of single-digit gains, which have slowed from an all-time high of nearly 20% annual appreciation in the spring of 2022. Key highlights:…
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The 10 Most Popular Metros for Gen Z Homebuyers
As of 2022, adult Gen Zers (ages 18-25) account for 14.91% of potential homebuyers across the nation’s 50 largest metros, and this metric is only expected to grow in the coming years. As Gen Z’s homeownership grows, where is the demographic looking at buying? LendingTree’s new report analyzed mortgage purchase requests from adult Gen Z…
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Fourth Straight Week of Decreases for Mortgage Applications
Mortgage applications decreased 1.4% this week, down from a 3.7% decrease the previous week and reaching its fourth-straight week of dips, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending June 2, 2023. This week’s results include an adjustment for the Memorial Day holiday. This week’s…
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Social Skills: Summer Events to Generate Leads and Beat the Heat
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. Events, events, events! Any REALTOR® in the business can—and will—tell you that hosting or getting involved with events is such an important way to generate leads among your…
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Building Funds to Fortify Hope for Communities in Need
NAR PULSE—When you hear about a disaster your heart goes out and your empathy kicks in. The REALTORS® Relief Foundation is building up reserves that will allow us to respond immediately, helping people rebound, recover, and rebuild with every dollar you donate going directly to disaster relief. Have your agents be a hero for hope…
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