Consumer Tips

    BCI Up as Brokers Roll With the Punches

    A tumultuous summer so far in real estate has left brokers shaken, with signs of a broad housing pullback—including big hits to home sales, building permits and new construction starts—causing concern. Meanwhile, price drops and homes spending more time on the market have some worried about waning demand. But the latest edition of RISMedia’s Broker…

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    Democratic Bill Passes Senate, With Changes

    Not yet law but now much closer to receiving President Biden’s signature, the Democratic “Inflation Reduction Act” survived a careful balancing act between centrists and progressive members of the caucus, along with virulent opposition from Republicans and is likely headed for a vote in the House this week. Focused mostly on health care and climate…

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    Refinances Fuel Slight Increase in Mortgage Applications This Week

    For the second straight week, mortgage applications increased, up 0.2% from one week earlier, according to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 5, 2022, released Wednesday. Data shows that while there was a decline in purchases, an uptick in refinances edged the overall…

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    National Association of REALTORS® Announces 2023 Leadership Academy Class

    NAR has announced the roster of its 2023 Leadership Academy class. Twenty REALTORS® from across the country have been chosen to participate in the 10-month program, which will prepare emerging state and local volunteers for future leadership positions at NAR. “NAR’s Leadership Academy identifies, inspires and mentors the next generation of REALTOR® leaders for future opportunities…

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    Inflation (Finally) Dips, Housing Still a Concern

    It’s still not good, but “better” is great news right now. That appears to be the consensus from economists after the latest inflation data from the Bureau of Labor Statistics (BLS) showed prices are finally starting to come down, with the Consumer Price Index (CPI) reading 8.5%—lower than expected, and a significant reversal improvement over…

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    Housing Inventory Increases at Record Pace in July as Demand Weakens

    The U.S. housing market, which has long-suffered from a drastically low inventory, saw total inventory increase at a record pace for the third month in a row, according to realtor.com®’s July Monthly Housing Market Trends Report. The rise in listings is largely attributed to a softening in demand, not an uptick in new construction, which…

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    See Your Social Status Soar With Fly Posts From the Photofy App!

    NAR PULSE—Boost your association’s brand and increase engagement with personalized, ready-to-share social templates from NAR + Photofy that you and your agents can post across your social media platforms. Download the Photofy app today and share with your agents! So You Want to Be a Leader?   You’re not just a leader—you’re a REALTOR® leader, and…

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    Elevate Your Business to a Whole New Level

    Sometimes, the grass isn’t always greener on the other side. At least that’s what Nancy Fudge, owner of Wilmington, Massachusetts-based Fudge Properties, discovered when she left Elm Street only to realize that its Elevate CRM was much easier to use than anything else she could find. Now Fudge takes full advantage of the social media…

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    What Does a Real Estate Attorney Do?

    When you are buying a home, you might need a real estate attorney. This could be necessary for your state’s requirements, or if there are possible issues with the purchase. A lawyer for real estate will have the job of making sure the property is legally transferred from the seller to the buyer. They will…

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    Will Your Homeowners’ Insurance Rates Increase This Year?

    The costs don’t stop once you purchase a home; for starters, now that you’re a homeowner, you’ll be paying homeowners’ insurance. Personal finance company Bankrate compared approved home insurance rate filing data from S&P Global Market Intelligence with its previous study of average home insurance premiums in 2022. The conclusion? Rates are increasing, but why?…

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