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Iran conflict lifts mortgage rates, but housing demand stays positive

Last week saw an escalation of the Iran conflict, with missile strikes and rising mortgage rates as a result, but housing demand still held firm and inventory was only down a smidge year over year. We should be mindful that our data was hit by the 4th of July weekend, but even with that, demand was still positive year over year. Also, be prepared for a rebound in the data next week and look at it in...

Trump didn’t sign it, but the 21st Century ROAD to Housing Act is now law

After months of deliberation, delays and drama, the 21st Century ROAD to Housing Act has finally crossed the finish line.  The legislation, aimed at cutting red tape and making homeownership more attainable, is now the law of the land after President Donald Trump declined to sign or veto the bill before the deadline of midnight Eastern time Saturday. In a Truth Social post on Friday morning, Trump...

Plaintiffs oppose Veterans United motion to dismiss amended RESPA class-action suit

Fifteen named plaintiffs allege that Veterans United Home Loans — the nation’s largest lender of Department of Veterans Affairs (VA) mortgages — ran an illegal kickback and steering scheme that funneled borrowers into overpriced loans. The accusations were reiterated Thursday in court filings as the plaintiffs opposed a motion to dismiss an amended complaint that was filed by the lender in...

Century 21 COO says M&A activity fueled by growing tech demands

Century 21 is riding a wave of franchise acquisitions and merger activity — a trend Chief Operating Officer Greg Sexton says is driven by the escalating demands of real estate technology. Sexton, who has spent more than two decades with the company, said the aggressive push into mergers and acquisitions (M&A) began as a strategic initiative following the pandemic and has since transformed into a...

Housing affordability is improving as wages outpace home-price growth

Existing home sales came out yesterday showing slight year-over-year growth, but the headlines were all about home prices at an all-time high. However, most people weren’t focused on the fact that wages have been outpacing home prices for some time now, which is a positive. Yesterday I went on Yahoo Finance to talk about how the housing market is getting healthier, and today’s episode of the...

American Real Estate Association warns Missouri ballot measures could raise homeownership costs

The American Real Estate Association (ARA) is joining the Missouri Association of Realtors and a coalition of organizations opposing Amendments 4 and 5 on Missouri’s Aug. 4 statewide ballot. Amendment 5 would authorize the state legislature to expand sales taxes to a wide range of goods and services without a public vote. ARA said the measure could reopen the door to transfer taxes on home sales,...

Rechat’s Testimonials tool turns client praise into marketing content

Rechat has launched Testimonials, a new feature that enables real estate agents to collect, manage and use client reviews directly within the Rechat platform. The feature is integrated alongside contacts, transactions and marketing tools, allowing testimonials to automatically populate marketing materials, listing presentations and campaigns without requiring agents to switch between platforms. The...

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