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Commissions have fallen for homes above $500K, Redfin says

USA Real Estate News-Inman - Tue, 2025-02-04 16:14
Overall buyer’s agent commissions average 2.37 percent, essentially unchanged since August. Commissions rose for homes below $500,000, according to the new report.

Former Vegas Realtors CEO sues organization after election mishap

USA Real Estate News-Inman - Tue, 2025-02-04 14:06
Wendy DiVecchio points to disagreement with the board over LVR's ownership of its MLS as a potential reason she was suspended, investigated and subsequently fired last week.

Utah MLS CEO Wants to Turn Data-Sharing Into Relationships

USA Real Estate News-RISMedia - Tue, 2025-02-04 14:00

For real estate professionals, the multiple listing service (MLS) is about as essential as any single tool or resource can be. All the data provides an obvious value to those in the industry, and the platform exists as a foundation for real estate transactions—but what about beyond that?  Besides using the MLS to market properties,…

The post Utah MLS CEO Wants to Turn Data-Sharing Into Relationships appeared first on RISMedia.

Rules on closing costs, PACE loans on CFPB chopping block

USA Real Estate News-Inman - Tue, 2025-02-04 13:16
In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here's what that potentially means for the recent slate of rules and lawsuits targeting the mortgage industry.

Climate change reshapes real estate, putting $1.5T in value at risk

USA Real Estate News-Inman - Tue, 2025-02-04 12:28
Climate change has shaken up the U.S. real estate market, with buyers no longer simply seeking better quality of life or affordable housing — but also considering climate risks before purchases.

State Farm seeks double-digit rate hike in California in wake of LA fires

USA Real Estate News-Inman - Tue, 2025-02-04 12:08
The insurer asked the California Department of Insurance to raise rates by an average of 22 percent "to help avert a dire situation" as the company pays thousands of claims related to the fires.

Nominate a rising star of the real estate industry

USA Real Estate News-Inman - Tue, 2025-02-04 12:02
Public nominations are now open in six categories for 2025, recognizing the real estate industry's emerging leaders.

Here’s What Moves Mortgage Rates—and Why It’s Not Always the Fed

USA Real Estate News-RISMedia - Tue, 2025-02-04 11:58

When the Federal Reserve raises or lowers its benchmark interest rate, many people expect mortgage rates to follow suit. But the relationship isn’t that straightforward. The federal funds rate—the rate banks charge each other for overnight loans—has an indirect impact on mortgage rates. The Federal Reserve sets a target rate range for its rate—currently 4.25%…

The post Here’s What Moves Mortgage Rates—and Why It’s Not Always the Fed appeared first on RISMedia.

Tariffs, Likely to Be ‘Inflationary,’ Face Uncertain Future

USA Real Estate News-RISMedia - Tue, 2025-02-04 11:47

On Sat., Feb. 1, President Donald Trump imposed previously promised tariffs, implementing a 25% tax on imported goods from Mexico and most from Canada (energy related goods are only 10%) and an additional 10% tax on imported goods from China. Tariffs could impact the housing market in a few crucial ways. For one, prices on…

The post Tariffs, Likely to Be ‘Inflationary,’ Face Uncertain Future appeared first on RISMedia.

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