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While mortgage rates and applications changed little last week, home-purchase applications retreated and were lower than last year’s pace, signaling to economists that continuing affordability challenges and economic uncertainty remain in place for price-sensitive buyers. The latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases…

The post Mortgage Applications Decrease as Affordability Challenges Continue appeared first on RISMedia.

Above: Keller Williams’ Mega Camp (photo courtesy of Keller Williams) Consumers aren’t spending that much. They aren’t confident in their earnings. They aren’t looking for jobs. Yet real estate keeps chugging along, Keller Williams Co-Founder Gary Keller noted in a speech to the company’s agents yesterday, in which he focused on the macro picture, including…

The post Gary Keller Reflects on ‘Anemic’ Consumer Behavior, ‘Weird’ Government Policy appeared first on RISMedia.

An appellate court today denied multiple appeals that had sought to overturn the National Association of Realtors®’ (NAR) 2024 settlement agreement, putting a legal period on the end of the seven-year long commission lawsuit saga that upended real estate practices and undermined NAR’s standing in the industry. A panel of three judges for the Eighth…

The post BREAKING: Appeals Court Affirms NAR Settlement, Effectively Ending Commission Lawsuit Saga appeared first on RISMedia.

The term is being thrown around in the media a lot these days: “K-shaped economy,” which refers to an economy where two elements are heading in opposite directions—usually focused on different income levels.  While this designator can be used to parse out many economic sectors or scenarios, a new Realtor.com® report said the K-shape is…

The post ‘Price-Sensitive’ Buyers Fade From Market: Report appeared first on RISMedia.

In last week’s Sunday Showcase, we explained How Owners Can Make Kitchens Look Expensive Without Renovating. Here we spotlight a test for new buyers to conduct before undertaking a renovation. After all, the kitchen will be new to them, and better to get a handle on what’s what before spending money on it. New trend…

The post The One-Week Kitchen Test to Take Before Renovating appeared first on RISMedia.