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While there is little doubt that the current luxury market is facing challenges, we investigate the slight shift in some of the market’s variables that could be the key to market growth in the future. We acknowledge that during the last year the expectations and reactions of buyers and sellers have become so entrenched in…

The post The November 2023 Luxury Market Report appeared first on RISMedia.

The sale of the Como Residences penthouse, located on the exclusive Palm Jumeirah archipelago, is the priciest ever to close in Dubai. The penthouse is expected to be complete in late 2027.

The baseline conforming loan limit (CLL) for most U.S. mortgages backed by Freddie Mac and Fannie Mae in 2024 has increased from $726,200 to $766,550, an increase of $40,350 or 5.56% from 2023, according to the annual release by the Federal Housing Finance Agency (FHFA) this past Tuesday. The Housing and Economic Recovery Act (HERA)…

The post FHFA Announces Conforming Loan Limit Values for 2024 appeared first on RISMedia.

Another week, another commission lawsuit (or three). As bigger, national lawsuits continue to move slowly through the courts, attorneys in three states have decided to emulate the plaintiffs in Burnett, and bring very similar claims—that REALTOR® associations are conspiring with big brokerages to inflate commissions—to their regions. The Burnett case, which saw a jury award…

The post New State-Level Commission Suits Target Smaller Brokerages appeared first on RISMedia.

NAR membership declined by 1.4 percent in the 12-month period that ended in October, with state-level enrollment hewing closely to local housing metrics, according to a state-by-state analysis by Intel.

Charlie Munger, legendary philanthropist and business partner to Warren Buffett, died Nov. 28 at the age of 99. Inman founder Brad Inman recalls a consequential meal with the venerable investor.

Second Century Ventures, the strategic investment arm of the National Association of REALTORS®, opened applications today for the 2024 U.S. REACH technology growth program. Applications for the U.S. REACH Commercial program will open in March 2024. The U.S. REACH program focuses on solutions supporting the residential real estate sector, including innovations from adjacent industries such…

The post NAR Opens Applications for 2024 REACH Program appeared first on RISMedia.

As 2023 is coming to a close, there’s a lot of predictions up in the air for what the housing market is going to look like in 2024. Will mortgage rates come down? Will prices? Will the market crash? There’s a lot of questions, but one of the biggest is what markets are going to…

The post The Housing Markets That Will Dominate 2024 appeared first on RISMedia.

Rachael Hite offers one perspective on the commission negotiation conversation that we can't afford to overlook. Women have to advocate for better pay across the board; their futures depend on it.

Mortgage applications increased for the fifth straight week, raising 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Dec. 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday. The numbers: The Market Composite Index, a measure…

The post Mortgage Applications Continue to Rise appeared first on RISMedia.

Real estate giant secures first capital raise with £50m from London LGPS pool  Inside Housing

Expect the portal wars to go into overdrive in 2024, with CoStar Group leading an ambitious effort to unseat Zillow as the country's top real estate portal, technology advisor Mike DelPrete writes.

U.S. Mortgage Applications Increase in Late November as Rates Moderate  The World Property Journal

PennyMac is putting a positive spin on the arbitrator's ruling, saying the decision allows it to continue to use the disputed loan servicing software "free and clear of any restrictions."

Former head of Europe RE at Blackstone launch...  PropertyEU

Speculative office construction starts rise in central London, new research shows  Evening Standard

Rocketing rental prices in London should be music to landlords’ ears—but instead, they are on a selling spree  Fortune

Rocketing rental prices in London should be music to landlords’ ears–but instead, they are on a selling spree  Fortune

‘The stadium is secondary’: how US sports teams became real-estate speculators  The Guardian

UK construction activity contracts further in November  ShareCast