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Economic Index Declines Again in April, Pointing to Slower Growth

USA Real Estate News-RISMedia - 3 hours 39 min ago

The Conference Board Leading Economic Index (LEI) for the U.S. decreased 0.6% in April to 101.8, after decreasing 0.3% in March. Over the six-month period between October 2023 and April 2024, the LEI contracted 1.9%—a smaller decrease than its 3.5% decline over the previous six months. “Another decline in the U.S. LEI confirms that softer…

The post Economic Index Declines Again in April, Pointing to Slower Growth appeared first on RISMedia.

States Face Unique Risks, Scrutiny as NAR Settlement Trickles Down

USA Real Estate News-RISMedia - 3 hours 47 min ago

Overlooked in the national scramble to address the National Association of REALTORS®’ (NAR) settlement, and comprehend (or decry) all the changes that are coming to the industry, is the foundational truism that applies to every facet of real estate: that it is local. Just like with every other issue, every region and even every state…

The post States Face Unique Risks, Scrutiny as NAR Settlement Trickles Down appeared first on RISMedia.

Planning for a New Commission Future

USA Real Estate News-RISMedia - 4 hours 50 min ago

Above, from left, Elias Astuto, Riezl Baker, Keith Robinson and Maureen Sullivan In the wake of the National Association of REALTORS®’ decision to settle commission lawsuits, the real estate industry is bracing for a new reality. Rather than clinging to how things were before, we asked some of our 2024 Real Estate Newsmakers the following…

The post Planning for a New Commission Future appeared first on RISMedia.

UWM’s controversial mortgage site now an official NBA partner

USA Real Estate News-Inman - Thu, 2024-05-16 16:46
Lawsuit alleges search results on Mortgage Matchup are "designed to steer borrowers to brokers who funnel nearly all their business to UWM, regardless of whether UWM offers the most competitive loan terms."

Don’t Get Angry, Get Educated: How MLS Data, Buyer Contracts Can Transcend Settlement Changes

USA Real Estate News-RISMedia - Thu, 2024-05-16 14:34

You don’t have to like it. But you can only hate it for so long. More than two months after the National Association of REALTORS® (NAR) announced it was paying $418 million and making long-resisted changes to MLS policy and compensation, brokers and MLS leaders are still seeing that anger in the real estate community.…

The post Don’t Get Angry, Get Educated: How MLS Data, Buyer Contracts Can Transcend Settlement Changes appeared first on RISMedia.

Escrow Holdbacks vs. Repair Escrows: What’s the Difference?

USA Real Estate News-RISMedia - Thu, 2024-05-16 13:28

Escrow holdbacks and repair escrows are common tools in real estate transactions, used to facilitate smooth property transfers under certain conditions. These financial arrangements help manage and mitigate risks associated with property conditions at closing. I will clarify the distinctions and similarities between escrow holdbacks for repairs and other types of escrow accounts. You will…

The post Escrow Holdbacks vs. Repair Escrows: What’s the Difference? appeared first on RISMedia.

SERHANT. snags sales of NYC new development from The Agency

USA Real Estate News-Inman - Thu, 2024-05-16 12:45
The Agency repped the building’s sales for one year before SERHANT. stepped in to take the reins on the 21-unit UWS boutique luxury residence known as 'Fifteen.'

Budnick Out, Blefari Returning as CEO at HSF Affiliates

USA Real Estate News-RISMedia - Thu, 2024-05-16 12:39

In an unexpected move last week but made public May 16, Christy Budnick announced that she was stepping down June 3 as CEO of HSF Affiliates, the franchisor of Berkshire Hathaway HomeServices (BHHS). The company said that Gino Blefari would return as CEO of HSF Affiliates, adding to his position as CEO of HomeServices of…

The post Budnick Out, Blefari Returning as CEO at HSF Affiliates appeared first on RISMedia.

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