Mortgage Rates Hover Near 7%
The 30-year fixed-rate mortgage (FRM) decreased for the sixth straight week, from last week’s average of 7.22% to an average of 7.03% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 7.03%, down from last week when it averaged 7.22%. A…
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Podcast Digs Into CoStar CEO’s Heated Response to realtor.com
In a recent episode of BAM’s Real Word podcast, hosts Byron Lazine and Nicole White discussed an email sent by CoStar Founder and CEO Andy Florance to real estate agents. In the email, Florance addressed rumors and false statements he says were made about Homes.com, a subsidiary of CoStar, by realtor.com Senior Vice President Bob…
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Focus on Finances: Resources for Financial Literacy and Business Planning
One aspect of business that often gets overlooked in the hustle and bustle of the holidays is finances. The end of the year traditionally marks the time we reflect on our accomplishments, tally the number of transactions and commissions from the year, and start setting goals for the new year. But when was the last…
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Thoughts on Leadership: Lessons From the Late Charlie Munger
On Tuesday I learned of Charlie Munger’s passing at the age of 99. In tribute to this extraordinary individual, I’ve decided to dedicate today’s blog to Charlie Munger. Reflecting on the experiences that have molded my leadership journey, I find myself drawn to the profound impact Charlie Munger has had on my approach to leadership…
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Coldwell Banker Global Luxury Debuts Guide of Must-Have Luxury Home Essentials
Coldwell Banker Real Estate LLC and the Coldwell Banker Global Luxury program today released the “Best of the Best,” an online, shoppable guide that reflects the most notable luxury home trends, amenities and in-demand luxury home products. Carefully curated from survey insights gathered from Coldwell Banker Global Luxury Property Specialists, the company stated, “Best of…
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OP-ED: Student Debt Leaves the Next Generation of Homebuyers Hopeless
My generation—halfway between millennials and Gen Z—has a penchant for grim humor about our shared future. An internet meme I’ve seen floating around in this ilk is that we were “born too late to own property,” alongside countless others of how we’ll never be able to retire, that is if climate change doesn’t get us…
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Rei Mesa to Lead Panel on Handling Interest Rates at RISMedia’s 2024 Rocking in the New Year
RISMedia is excited to announce that Rei Mesa will be heading up an industry-leading panel of real estate experts at the 2024 Real Estate’s Rocking in the New Year, the company’s fourth-annual all-virtual conference to be broadcast live on Jan. 11, 2024. Click here to register! Mesa’s panel, Interest Rate Realty: How to Educate Buyers,…
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Are Traditional Brokerages Cutting Their Way to Extinction?
As the industry grapples with a significant market slowdown that could linger uncomfortably long, brokerages are scurrying to cut costs. But is that the right direction for growth and success? The harsh reality is that 10 years from now, traditional real estate brokerages will be obsolete. Why? Because they are refusing to evolve, unable to…
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Brown Harris Stevens Announces New Multimedia Platform
Brown Harris Stevens has announced the launch of a new multimedia platform – the Mastery of Real Estate Network, or MORE Network. Now available with dedicated channels on Apple Podcasts and YouTube, the MORE Network hosts direct-to-consumer multimedia audio and web series starring Brown Harris Stevens agents from around the country, produced and edited in-house…
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Construction Highest in Exurban Areas
For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) homebuilding Geography Index (HBGI) for the third quarter of…
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