In the first in a new monthly series, Bright MLS, the second-largest MLS in the country, released a pre-spring survey of its subscribers last week, finding at least some preliminary evidence that buyer demand picked up ahead of an uncertain spring season. This first analysis comes at a key moment, as brokers and agents wait…

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The Power Broker Interview: Gino Blefari Discusses HomeServices’ Performance

Fri, 2023-03-31 14:03

Editor’s Note: RISMedia recently released a special advanced look at the Top 100 firms ranked in RISMedia’s 35th Annual Power Broker Report, exclusively for RISMedia Premier Members. The Top 500 Power Broker firms will also be released in advance to Premier Members in the coming days, and the Top 1,000 firms will be available this…

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Core Inflation Still Persists; Data Indicates Personal Income Increased

Fri, 2023-03-31 14:02

While the Federal Reserve hopes to be ending their interest rate hikes in the coming future, the latest personal consumption expenditure (PCE) index from the Bureau of Economic Analysis—the Federal Reserve’s favored measure of inflation—demonstrates that inflation still persists. The Bureau’s latest data found that the PCE index increased $27.9 billion (0.2%) in February. While…

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Mortgage Mix: Rocket Credit Cards, Extended Mortgage-Payment Deferrals Hit the Market

Fri, 2023-03-31 14:01

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. How low will mortgage rates go? The 30-year fixed mortgage rate dropped for the third consecutive week, according to the latest Primary Mortgage Market Survey® from Freddie Mac, which showed mortgage rates at 6.32% amid…

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Home Prices Have Exceeded Inflation

Fri, 2023-03-31 14:00

Home prices have risen at a significantly higher rate than inflation since 2020, 42% compared to 14%, according to a new report from Clever. Clever’s new report analyzed how inflation and home prices have increased over the decades, honing in 2020 vs. 2022. The report found that the median home price has risen from $329,000…

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No Prison For NJ Man Who Hid Real Estate Income From IRS - Law360

Fri, 2023-03-31 12:52

No Prison For NJ Man Who Hid Real Estate Income From IRS Law360

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MLS Survey Foreshadows Potential Spring Rebound