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Minnesota latest to sue MV Realty over ‘immoral and illegal’ contracts

USA Real Estate News-Inman - Fri, 2024-10-04 14:13
Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling "contracts with oppressive terms."

MoxiWorks brings 2 from Onit to fill leadership spots

USA Real Estate News-Inman - Fri, 2024-10-04 14:02
MoxiWorks has added two new positions in its leadership ranks, naming Ben Tao as MoxiWorks' first chief marketing officer and Jackson Mayes as chief of staff.

Mortgage rates are soaring on strong September jobs report

USA Real Estate News-Inman - Fri, 2024-10-04 13:24
With a soft landing seen as more likely, analysts say Fed policymakers can now afford to be more cautious about the pace of future rate cuts, and mortgage rates aren't likely to fall below 6 percent anytime soon.

New Lawsuit Claims eXp Lawyer Admitted Sexual Assault Allegations Are ‘Accurate’

USA Real Estate News-RISMedia - Fri, 2024-10-04 12:56

Facing multiple lawsuits from former agents and recruits along with scrutiny from the New York City Comptroller’s office, eXp Realty and several current and former executives and board members at the firm are now facing a suit by public pension funds, who allege the company breached its fiduciary duty in covering up reports of rape…

The post New Lawsuit Claims eXp Lawyer Admitted Sexual Assault Allegations Are ‘Accurate’ appeared first on RISMedia.

Family-owned Louisiana brokerage joins Better Homes and Gardens

USA Real Estate News-Inman - Fri, 2024-10-04 12:50
Real estate duo James and Justin Rhodes have taken their brokerage, Rhodes Realty, to Better Homes and Gardens Real Estate. Rhodes has 50 affiliates across seven offices in Louisiana.

Disney unveils first luxury Storyliving community in California

USA Real Estate News-Inman - Fri, 2024-10-04 12:36
Homes in Cotino will start at $1 million, with more lavish properties exceeding $2 million, reflecting premium features and signature Disney touches. Built by award-winning developers -- Shea Homes, Woodbridge Pacific Group and Davidson Communities -- these homes will cater to a wide range of buyers, including those 55 and older.

Multi-Office Louisiana Brokerage Joins Better Homes and Gardens® Real Estate

USA Real Estate News-RISMedia - Fri, 2024-10-04 12:33

Better Homes and Gardens® Real Estate has announced that Better Homes and Gardens® Real Estate Rhodes Realty, headquartered in Natchitoches, Louisiana, is the latest firm to join the brand. With seven offices and over 50 affiliated sales associates, the family-owned brokerage offers real estate services in residential, commercial, new construction, land development and rental properties…

The post Multi-Office Louisiana Brokerage Joins Better Homes and Gardens® Real Estate appeared first on RISMedia.

New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’

USA Real Estate News-RISMedia - Fri, 2024-10-04 12:20

Homeowners are showing a willingness to put their homes on the market at increasing rates, marking a continuous shift away from the “lock-in effect,” as detailed in Realtor.com®’s September Housing Trends Report.  Active listings were up 34% year-over-year, though that number was still down 23.2% within a five-year timespan. The average median home listing price…

The post New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’ appeared first on RISMedia.

Commission chaos headed for Canada as watchdog probes rules

USA Real Estate News-Inman - Fri, 2024-10-04 12:18
The inquiry is reminiscent of investigations and lawsuits that have engulfed the industry’s biggest players in the U.S. in recent years, and it includes a review of multiple policies that are similar to those under scrutiny in the U.S.

Inman Power Wheels: The 4Runner takes crown as best auto for agents

USA Real Estate News-Inman - Fri, 2024-10-04 12:16
The votes are tallied, and you've chosen the Toyota 4Runner as the best agent auto. Find out what it has to offer and why it should be on your short list if you're shopping for a new car this fall.

8 years later, ‘Thousand Dollar Listing’ unveils new episodes

USA Real Estate News-Inman - Fri, 2024-10-04 11:40
After navigating an identity crisis and multiple potential deals with production companies that fell through, Noah Kaplan and his team have finally wrapped editing seven new episodes and are releasing one episode per week on YouTube.

Mortgage Mix: October Begins With Mortgage Rates Up Slightly

USA Real Estate News-RISMedia - Fri, 2024-10-04 11:37

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. According to the latest survey by Freddie Mac, mortgage rates saw a slight bump during the final days of September—with the 30-year fixed mortgage rate at 6.12% compared to 6.08% the previous week. The 15-year…

The post Mortgage Mix: October Begins With Mortgage Rates Up Slightly appeared first on RISMedia.

Cutting ties, court docs, Clear Cooperation: Inman’s Top 5

USA Real Estate News-Inman - Fri, 2024-10-04 11:35
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Job Growth Surprises With Big Payroll Boost in September

USA Real Estate News-RISMedia - Fri, 2024-10-04 11:10

Any concerns about a slowing economy should be allayed for now. Employment grew substantially in September, per the latest release from the U.S. Bureau of Labor Statistics.  The U.S. economy added 254,000 new payrolls over the past month—more than 100,000 higher than in August (where 142,000 jobs were added). The September growth results are much…

The post Job Growth Surprises With Big Payroll Boost in September appeared first on RISMedia.

Hispanic Homeownership Continues to Grow—Advocates Say It Is Time to Take Notice

USA Real Estate News-RISMedia - Fri, 2024-10-04 11:06

Above, Rose Kemp As the industry celebrates Hispanic Heritage Month, new data shows Hispanic homeownership continues to swiftly rise, and Hispanic real estate professionals are urging the industry to take notice of this ever-growing business sector. There are over 9.5 million Hispanic homeowners, a homeownership rate of 49.5%, as reported in the National Association of…

The post Hispanic Homeownership Continues to Grow—Advocates Say It Is Time to Take Notice appeared first on RISMedia.

Insurance Crisis Is Derailing Deals and Adding to Affordability Woes

USA Real Estate News-RISMedia - Fri, 2024-10-04 10:31

Getting homeowners insurance used to be a fairly straightforward process. You’d shop around with two or three companies, compare rates and pick the best deal. However, more frequent and severe weather events driven by climate change are hitting insurers’ margins hard as homeowner claims and the damage replacement costs spike. As a result, some insurers…

The post Insurance Crisis Is Derailing Deals and Adding to Affordability Woes appeared first on RISMedia.

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