Lawmakers and advocates have made many attempts recently to address the affordability crisis that pervades the housing market—some more impactful than others. Legislative bodies have enacted laws addressing private listings, while President Donald Trump recently signed an executive order aimed at cutting costs for title and mortgage insurance and manufactured housing. In tomorrow’s general election,…

The post California Voters Could Approve ‘Secondary Mortgages.’ Can the Golden State Solve the Housing Crisis? appeared first on RISMedia.

Open Real Estate, the national initiative launched by big brokerage leaders last week that has promised to create a shared “infrastructure” for property listing data, today announced it has received 826 letters of support from real estate brokerage leaders. Behind the strength—and size—of its four founding brokerages (HomeServices of America, AGNT, Keller Williams and Real…

The post Open Real Estate Claims Early Broker, MLS Support as Initiative Touts ‘Significant Interest’ appeared first on RISMedia.

Mortgage rates are giving homebuyers another reason to hesitate.  The average rate for a 30-year fixed mortgage reached well over 7% in October, its highest level in 13 months, according to Freddie Mac. That followed a climb from 5.98% in late February to 6.65% by Aug. 20, figures cited in a recent U.S. Bank housing-market…

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United Real Estate has announced the launch of VPR | United, serving residents along the Gulf Coast—from Mobile, Alabama to iconic destinations, such as Orange Beach, Gulf Shores and Destin, Florida. United stated that the expansion is being led by Virtual Properties Realty, an affiliated company and Atlanta’s largest residential brokerage by homes sold in…

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Berkshire Hathaway HomeServices Fox & Roach, REALTORS® has announced its RISE event will take place on Nov. 4 at Live! Casino & Hotel in Philadelphia. A release notes that the full-day, educational and inspirational event will gather upwards of 1,000 agents and employees for presentations by nationally renowned real estate industry leaders. The list of…

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Property Highlights: Location: 6232 E Bret Hills Drive, Paradise Valley, Arizona Listing Price: $15,750,000 Features: 8,487 square feet of single-level living space, 1.1 acres on a cul-de-sac, eight bathrooms, seamless indoor-outdoor living, interior stone accents and walls of glass framing mountain and desert views, open chef’s kitchen with walk-in pantry, bonus room, wellness center featuring…

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Despite operating in “one of the hardest mortgage markets in a generation” that’s “punishing” for American families as described by its CEO, Rocket Companies reported Q3 adjusted earnings above Wall Street expectations, with shares rising about 3% in after-hours trading Oct. 29. Rocket reported a GAAP (Generally Accepted Accounting Principles) total revenue of $3.28B, up…

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MAVERIX, a strategic advisory firm serving the real estate and PropTech industries, has announced that Anna Visioli has joined the firm as a strategic advisor. Visioli brings more than two decades of experience spanning technology, operations, digital marketing and enterprise strategy, most recently serving as senior vice president of Strategy and Implementation across the franchise…

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There’s always been a question about which is the better investment long term, real estate or stocks? Opinions vary, but there is one thing for sure: You can’t reside in your stock portfolio. Another thing for sure is if you ask real estate pros for opinions, you pretty much get the same answer. Those willing…

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Above, left, the Betsy Ross House in Philadelphia and the 1892 Bishop’s Palace in Galveston, Texas Redfin has announced the launch of Redfin Presents Iconic Homes of America, a new creative franchise honoring America’s 250th anniversary by spotlighting the stories of influential homes in the American story. Featured alongside millions of homes for sale or…

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