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Compass CFO to resign while chief product officer gets promotion

USA Real Estate News-Inman - Thu, 2022-05-12 16:04
Chief Financial Officer Kristen Ankerbrandt will leave the company in September, while Greg Hart will become Compass' new chief operating officer.

REX abandons antitrust case against Oregon rebate ban

USA Real Estate News-Inman - Thu, 2022-05-12 16:03
REX, which offers buyers commission rebates, filed suit against Oregon officials in December 2020.

Compass trims losses slightly in Q1, sees revenue jump 25%

USA Real Estate News-Inman - Thu, 2022-05-12 15:22
Compass agents did 47,367 deals between January and March of 2022, which represents a new high for the brokerage, according to a Q1 earnings call on Thursday.

As hate crimes rose, 70% of Asian buyers moved to safer areas in 2020

USA Real Estate News-Inman - Thu, 2022-05-12 15:10
Discrimination, mortgage readiness and affordability continue to be significant hurdles for Asian American and Pacific Islander communities, according to new report released Wednesday.

The ‘Nuclear Arms Race’ of Office Exclusives

USA Real Estate News-RISMedia - Thu, 2022-05-12 14:04

Open competition is inherent to a free market—or so they say.

One of the hallmarks of the real estate industry is the transparency of the landscape. MLS data must be made available (to everyone who pays) and consumers ostensibly can view every available house, with sellers marketing to every buyer, and buyers able to peruse every available home. Consumers also freely choose their agents based on whoever they think will best serve their needs, and (hopefully) for no other reason.

The Top 10 Most-Lucrative Markets for Real Estate Investment

USA Real Estate News-RISMedia - Thu, 2022-05-12 14:03

The real estate market expanded as the COVID-19 pandemic progressed, leaving many with terrible financial problems. Still, homeowners and real estate investors benefited from the hard economic conditions. According to CoreLogic, homeowners with mortgages in the United States increased their equity by $1 trillion between September 2019 and September 2021.

Mortgage Rates Rise to Highest Rate Since 2009

USA Real Estate News-RISMedia - Thu, 2022-05-12 14:01

The 30-year fixed-rate mortgage (FRM) continued to climb this week to 5.30%, its highest level since 2009, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), released Thursday.

Key findings:

Home Builders Warn of Significant Affordability Declines

USA Real Estate News-RISMedia - Thu, 2022-05-12 14:00

Housing affordability posted a modest gain for average conditions in the first quarter of 2022, as a strong jump in national median income helped to offset a gradual rise in interest rates. However, home builders warn of current deteriorating conditions as a sharp jump in mortgage rates in March and April coupled with ongoing building material supply chain disruptions, labor shortages and high inflation drive up housing costs.

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