Real Estate

Facts: The 30-year fixed mortgage rate from Freddie Mac dropped to 6.47% this week, compared to 6.73% last week. At 6.47%, with 20% down, a monthly mortgage payment on a home with a price of $400,000 is $2,016. Compared to October 2023, when rates were 7.79%, this is a monthly payment difference of $285 —$3,420 a […]

©miniseries / Getty If a top-performing agent tells you they’re leaving, don’t panic. The agent who closes 40% of your company’s sales just walked into your office to tell you they’re leaving so they can start their own brokerage. Don’t panic. “Attrition is a natural and unavoidable part of the business,” says Ben G. Schachter,

Real estate professionals guide customers through what is, for most people, the single biggest financial transaction of their lives. It’s often an overwhelming experience for buyers and sellers, and it’s a huge responsibility for agents and brokers. The processes of buying and selling homes are complex. Not only are there many parts of a transaction

CNBC Lawrence Yun, chief economist and senior vice president of research of the National Association of Realtors®, also sees promising indicators for homebuyers. “Housing affordability is improving ever so modestly, but it is moving in the right direction,” he said. A slight decrease in mortgage rates in the month of June definitely helped buyers, said

© xijian – E+/Getty Images Home buyers and refinancers had the opportunity to lock in the lowest mortgage rates since early February this week, averaging 6.73%. Plus, the average mortgage rate is now lower than a year ago. The Federal Reserve also suggested this week that a possible cut to its key benchmark rate could

Real estate professionals have so many technology products to choose from, but sometimes, selecting the right tool for you and your business can feel daunting. It is within your power to determine the best ways to make real estate tech work for you. Host Marki Lemons Ryhal and two real estate pros, whose businesses are

I arrived at the showing five minutes early and saw my buyer was already there outside, pointing what looked like a gun at the house. This could have been a rather unsettling scene in Reading, Mass. But I knew better than to worry. On this cool morning in early 2019, Travis was busy capturing several

Home buyers have more housing choices this summer, and home sellers may find stiffer competition on the market. Pending home sales rose nearly 5% in June as more house hunters went under contract for a home purchase. All four major regions of the U.S. posted monthly gains in transactions, according to the National Association of

© CAROLE KAPTUR Rummaging through my desk the other day, I came across a small gift from a former manager. Years ago, in what now seems like another lifetime, I worked at an organization that was experiencing significant change under a new vice president. Knowing that changes were ahead, the new VP gave everyone a

©GETTY IMAGES/JONATHAN KITCHEN/DIGITALVISION In January 2023, the Mainstreet Organization of REALTORS® board of directors decided to take a bold direction. Our board was concerned about the class-action lawsuits and the U.S. Department of Justice versus organized real estate—and what this unprecedented confluence of events could mean for our brokerage community. We had a nagging feeling