Mortgage rates fall to 5.10% in biggest drop since 2020

Rates on a 30-year mortgage dropped from 5.25 percent to 5.10 percent on Thursday, the most dramatic drop in rates since April 2020, according to Freddie Mac.

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Pending home sales hits slowest pace in nearly 10 years

Pending home sales dropped 3.9 percent from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR.

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Senate narrowly confirms Sandra Thompson to lead Fannie, Freddie regulator

The 49-46 party-line vote followed a Republican leader's call to hold a referendum on the Biden administration’s "radical housing policy."

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The shift has begun — but rate hikes won’t be housing’s Achilles’ heel

Experts expect home sales and price growth to slow down, but they don't think rising rates will knock everyone out of the market.

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Broker Spotlight: Kama Burton, CMB Realty Services

This week's spotlight shines on Kama Burton, broker-owner of CMB Realty Services, philanthropist, educator and mentor.

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5 practical ways to give your teams the hands-on support they need

Welcome to Inman's newest video series. @Properties executives Amy Corr and Kevin Van Eck give their top five tips on how brokerages can best support their teams.

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3 leadership shifts that can propel your brokerage forward

The game has changed in many ways, and your leadership focus should change with it. Marion Weiler offers advice to help you meet the new needs of your agents and staff.

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What the early census numbers say about moving patterns

There's a widespread belief that Americans have all packed up and moved because of the pandemic. At face value, it's quite credible, according to Windermere Real Estate Chief Economist Matthew Gardner, especially given the level of 2021 home sales. But the reality, at least from the data we've received so far, actually tells a different story.

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Helping real estate clients choose their ideal neighborhood

Neighborhood quality is subjective, yet Realtors cannot recommend a neighborhood or steer clients into or out of a particular neighborhood, according to broker Teresa Boardman. Here's what to do instead.

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Your unique service proposition differentiates you. Here’s how to communicate it effectively

Agents must effectively and efficiently communicate the value they bring, and the best way to do that is by differentiating yourself from 1.5 million other agents with truly stellar service and communication.

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KW mega team Livian expands reach in New England with merger

Keller Williams' two top-performing teams in New England have merged, according to a joint announcement on Wednesday. Connecticut-based The Miale Team has joined Livian, the Vermont-based mega team that Keller Williams purchased an ownership stake in last October.

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Price gains in ‘opportunity zones’ keep pace with national hikes

Census tracts chosen for preferential tax treatment in 2017 tax bill are seeing prices rise, have attracted buyers priced out elsewhere.

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Love connection: Homebuyer match app expands into 2nd market

LandOnEarth, an app that matches homebuyers with listings based on their lifestyle preferences, aims to match buyers with their dream home faster.

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The broker’s dilemma: ‘What if I train them and they leave?’

A solid training and development program is quite likely to improve retention, as well as attract new talent, according to broker Jay Thompson. Although you may lose someone occasionally, you’re also going to have happier, more satisfied agents — as well as clients — working for and with you.

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Open offer platform Doorsey kicks in the Nashville market

Auction-style homebuying platform Doorsey has officially opened another market with its second sale in Nashville, Tennessee.

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Keller Williams’ lending arm, Keller Mortgage, posts new round of layoffs

The scale of the latest round is unclear, but more than a dozen Keller Mortgage employees posted notices on LinkedIn Tuesday that they'd been laid off, with some describing the cuts as "huge."

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REX pivots to single-family rental market as its Hail Mary

Nearly two weeks after mass agent layoffs and the closure of two offices, controversial discount brokerage REX has yet to throw in the towel.

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How it works: Interactive Storytelling with AI

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Home that inspired ‘The Conjuring’ sells for 27% above asking

The home — which dates to approximately 1736 — conjured up a $1.525 million sale price after listing for just $1.2 million. The buyer was Jacqueline Nuñez, a real estate developer from Boston.

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Lower mortgage rates fail to rekindle homebuyer interest

As mortgage rates continued to retreat from 2022 highs set during the first week in May, demand for purchase loans was essentially flat last week.

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