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Mortgage Rates Reach Lowest Level in Over Two Months

USA Real Estate News-RISMedia - Thu, 2025-02-27 12:13

Mortgage rates have officially fallen to the lowest level seen in over two months, but remain hovering not too far below 7%. The average 30-year mortgage rate decreased from 6.85% last week to 6.76% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac.  “The drop in mortgage rates, combined with…

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WATCH: Real Estate Leaders Discuss Commission Conversation Strategies

USA Real Estate News-RISMedia - Thu, 2025-02-27 11:54

“Commission Conversation Strategies” A video panel discussion from RISMedia’s Rocking in the New Year 2025 with: Jessica Edgerton, chief legal officer/executive vice president of Industry and Learning, Leading Real Estate Companies of the World® Jillian Young, president, Premiere Plus Realty Darryl Davis, owner, Darryl Davis Seminars Keith Robinson, chief strategic officer, NextHome, Inc. Overview In…

The post WATCH: Real Estate Leaders Discuss Commission Conversation Strategies appeared first on RISMedia.

Pending Home Sales - National Association of REALTORS®

USA Real Estate News - Thu, 2025-02-27 11:52
Pending Home Sales  National Association of REALTORS®

Pending home sales fall 4.6% to an all-time low, NAR says

USA Real Estate News-Inman - Thu, 2025-02-27 11:46
The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year.

Home values have surged at 2X the normal rate since pandemic

USA Real Estate News-Inman - Thu, 2025-02-27 11:39
Since 2020, U.S. home values have risen by 45.3 percent. In other words, more than 10 years of typical home value growth has been packed into a five-year period, a new report from Zillow shows.

Pending Sales Shrink as Economists Fear Extended Winter Freeze

USA Real Estate News-RISMedia - Thu, 2025-02-27 11:02

Prospective homebuyers and sellers remain cold, wary and economically pressured this winter, as the latest data from the National Association of REALTORS® (NAR) showed a not-insignificant 4.6% drop in pending transactions in January, with economists continuing to point at affordability as the biggest long-term barrier to more activity. Pending sales were also down 5.2% from…

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