Newsmaker Spotlight: Ashley Bowers on Improving the Value Proposition Through Agent Support
As president of HomeSmart International, Ashley Bowers spearheads operations of all departments at the company and its enterprise departments, keeping them all in sync as they meet growth, retention and systematic goals. In addition to her leadership role at the company, Bowers also became an educator and friend at the start of the pandemic, prioritizing […]
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Mortgage Rates Hold Firm Going Into Thanksgiving Weekend
The 30-year fixed-rate mortgage (FRM) averaged 3.10%, unchanged from last week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac. Mortgage details: 30-year fixed-rate mortgage averaged 3.10% with an average 0.7 point for the week ending Nov. 24, 2021, unchanged from last week. A year ago, the 30-year FRM averaged 2.72%. 15-year […]
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Mortgage Applications Up in November, With Refis Making Up More Than Half of the Share
Mortgage applications increased 1.8% for the week ending Nov. 19, 2021, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The refinance share of mortgage activity increased to 63.1% of total applications from 62.9% the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 3.4% of total applications. The FHA share […]
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Is That House You’re Considering a Flip? Here’s What to Know
(TNS)—Not all houses are created equal. In any given price range, every property you’re going to look at will have its pros and cons. This applies even more so if you’re considering a home that was recently renovated by a flipper. You certainly don’t need to avoid properties that are being flipped, but there are […]
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How One Brokerage Addresses Pain Points to Build Upon a Solid Foundation
Patricia Schlosser Broker/Owner CENTURY 21 Morrison Realty Bismarck, North Dakota www.century21.com/real-estate-agent/profile/patricia-schlosser-P25324325 Region served: Central and Southwest North Dakota Years in real estate: 11 Number of offices: 3 Number of agents: 120 Jordan Grice: As a second-generation family-owned firm, what has been the most valuable component of growing your company to its current level? Patricia Schlosser: […]
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Real Estate Q&A: Who Pays Balance of Special Assessment if Property Is Sold?
(TNS)—Q: Our association will be remodeling the clubhouse, and there will be a significant assessment. We will have the option to pay off the amount in one lump sum or over 10 years. If I sell while paying off the assessment, am I responsible for paying the balance, or does the new owner take over […]
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Regional Spotlight: Florida’s Median Prices March Forward
Florida’s housing market showed higher median prices, more cash sales and tight inventory levels in October compared to a year ago, according to Florida REALTORS® latest housing data. “In markets across the state, the for-sale inventory continues at low levels, and that puts pressure on prices and also impacts closed sales—some buyers may have paused […]
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RE/MAX Reports Preliminary Q3 2021 Results
RE/MAX Holdings, Inc. recently announced preliminary operating results for the third quarter ended Sept. 30, 2021. “We achieved record third quarter revenue, Adjusted EBITDA and Adjusted EPS driven by contributions from the largest Independent Region acquisition in our history, broad-based performance in our core operations, and a healthy housing market,” said Adam Contos, RE/MAX Holdings […]
Adwerx Secures $14.5M in Funding for Customer Relationship Advertising™ Platform
Adwerx, the Customer Relationship Advertising™ (CRA) platform, recently announced that it has secured $14.5M in a combination of equity and debt from Texas Capital Bank’s Technology Banking Group, Savano Capital Partners, and existing investors. Their enterprise software business has increased 70% over the last twelve months, according to the company, and the funds will be […]
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Window to the Law: Criminal Background Checks and Fair Housing
Editor’s Note: This is part of a monthly video series from the National Association of REALTORS® (NAR) to inform and educate members about important aspects of being a real estate professional. Watch for this series each month in RISMedia’s Daily Real Estate Advisor. Overly broad bans on renting to individuals with criminal records may lead […]
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