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Families Must Spend 38% of Their Income on Mortgage Payments, New Index States

USA Real Estate News-RISMedia - 3 hours 14 min ago

National Association of Home Builders (NAHB) and Wells Fargo have released a new quarterly Cost of Housing Index that underscores the housing affordability crisis in America. The report revealed that in Q1 2024, 38% of a typical family’s income was needed to make a mortgage payment on a median priced new single-family home in the…

The post Families Must Spend 38% of Their Income on Mortgage Payments, New Index States appeared first on RISMedia.

Consumer Confidence Sees First Increase in 3 Months as Sentiment Hits Low

USA Real Estate News-RISMedia - 3 hours 40 min ago

Consumers are experiencing conflicting feelings about the economy as differing reports come in from The Conference Board and University of Michigan, with a more positive assessment of the current business climate clashing with renewed worries about inflation. Consumers’ confidence reversed course and saw an increase in May after three months of decreases, according to the…

The post Consumer Confidence Sees First Increase in 3 Months as Sentiment Hits Low appeared first on RISMedia.

Chad Carroll transformed golf training into real estate success

USA Real Estate News-Inman - 10 hours 48 min ago
Compass Florida's No. 1 agent got into real estate at one of the worst times, right after the 2008 recession. But early sports training cultivated in him a dedicated work ethic that has allowed him to soar to great heights in his career.

‘It’s an arms race’: How portals are adapting to the commission crunch

USA Real Estate News-Inman - 10 hours 48 min ago
The upending of NAR's cooperative compensation rule is a double-edged sword for Zillow and its rivals, experts told Inman. These are the tools and tactics they're adopting to suit the moment.

Is NAR a positive force? 7 out of 10 real estate agents want to know

USA Real Estate News-Inman - 10 hours 49 min ago
These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.

Lesson Learned: Joy comes at the closing table

USA Real Estate News-Inman - 11 hours 37 min ago
Find out how dynamic real estate broker Dawn David creates deep down connections to create repeat and referral business with delighted clients.

At long last — down payment assistance is finally cool

USA Real Estate News-Inman - 11 hours 37 min ago
By making homeownership more affordable, Bernice Ross writes, DPA enhances the value agents bring to the table and plays a vital role in helping those who might otherwise be excluded from the housing market.

9 strategies to move past lawsuit fatigue and get back to business

USA Real Estate News-Inman - 11 hours 49 min ago
We're all in this together, writes coach Darryl Davis, so here's how to avoid burnout and frustration by charting a path forward for your real estate business.
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