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Inflation May Be Slowing, but so Is Consumer Spending

USA Real Estate News-RISMedia - Fri, 2023-01-27 15:04

There’s still a way to go before the Federal Reserve gets inflation under control. However, the signs of progress continue to come in as personal consumption expenditure (PCE) inflation—the Fed’s preferred measurement—also shows signs of deceleration.  New data released by the Commerce Department on Friday show that PCE dipped 0.2% last month, marking the second…

The post Inflation May Be Slowing, but so Is Consumer Spending appeared first on RISMedia.

Pending Home Sales Snap Six-Month Decline With Pre-2023 Rebound

USA Real Estate News-RISMedia - Fri, 2023-01-27 15:03

After half a year of declining contract signings, new data from the National Association of REALTORS® (NAR) shows that pending home sales in December snapped the cold streak.  NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased by 2.5% to 76.9 last month, and year-over-year sales decreased…

The post Pending Home Sales Snap Six-Month Decline With Pre-2023 Rebound appeared first on RISMedia.

Mortgage Mix: Better Times May Be Ahead

USA Real Estate News-RISMedia - Fri, 2023-01-27 15:02

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. In a sign of better times ahead, mortgage rates continued to decline this week. The 30-year fixed-rate mortgage averaged 6.13% this week, down from last week’s rate of 6.15%, according to the latest Primary Mortgage…

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Frequency and Severity of E&O Lawsuits Against Real Estate Professionals Have Increased

USA Real Estate News-RISMedia - Fri, 2023-01-27 15:01

Coinciding with the cooling housing market, the frequency and severity of lawsuits filed against real estate professionals have escalated. A contributing factor to this phenomenon is self-reported frustration from buyers who completed transactions at the height of the market. At Victor Insurance Managers LLC, we’ve seen year-on-year increases in both the frequency (9%) and severity…

The post Frequency and Severity of E&O Lawsuits Against Real Estate Professionals Have Increased appeared first on RISMedia.

Tips for Property Tech-Tool Adoption

USA Real Estate News-RISMedia - Fri, 2023-01-27 15:00

In today’s busy world, driving the adoption of MLS-provided tech tools can be a real challenge. While these helpful tools are meant to empower members to succeed in the market, lack of awareness is often the culprit when it comes to low adoption rates. In fact, research shows that lack of awareness is the greatest…

The post Tips for Property Tech-Tool Adoption appeared first on RISMedia.

Inman’s Top 5 stories for the week of Jan. 20-26, 2023

USA Real Estate News-Inman - Fri, 2023-01-27 13:00
Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Jan. 20-26 2023.
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