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Significant shifts in real estate team performance: Streamlined

Housing Wire

In five of the six size categories of teams both gross profit margins and net income margins declined from the second quarter 2023 results. This realignment can be viewed as an evolution in market dynamics, with sales dispersing into lower revenue categories (Gross Commission Income), teams and agents are still running profitable companies.

Brokerage 311
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Key housing markets are starting to buck national trends: Redfin

Housing Wire

That figure was up 5% year over year and was only 3% below the peak price of $432,496 in May 2022. Cape Coral, Florida, led the way in this category with supply growth of 51%. HousingWire’s Mortgage Rates Center showed that the average 30-year conventional fixed rate was 7.56% on Friday — up from 6.83% at the start of the year. “My

Marketing 304
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Kristen Sieffert leads the reverse mortgage presence at The Gathering

Housing Wire

The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR) — offered insights into various topics about the reverse mortgage product category.

Mortgages 287
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Former academy resumes role as Funding Longevity Task Force

Housing Wire

To get a better understanding of the transition, RMD spoke with Shelley Giordano, director of enterprise integration at Mutual of Omaha and co-founder of the task force, who offered an overview of the move and what the group will aim to accomplish going forward. We have to be honest; that’s the reality.

Equity 315
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Shelter costs rose again in August, but there’s an asterisk

Housing Wire

The indexes for lodging away from home, used cars and trucks, and recreation were among the categories that decreased over the month. Shelter has been decelerating year over year since April, but remains high, pushing up services inflation,” noted First American Economist Ksenia Potapov. The rent index was up 7.2%

MLS 330
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Empty-nesters own twice as many large homes as millennials with children

Housing Wire

This disparity comes even as more millennials (28%) than baby boomers (27%), make up the adult population of the U.S. Although millennials with children own less than 15% of all three-bedroom-plus homes in the country, they make up 42.8% of all the three-bedroom-plus rentals nationwide, the largest share of any generational category.

Equity 418
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7 money moves to make now for a prosperous 2024

Housing Wire

While the last months of the year can be a hectic time in your professional and personal life, it’s also the ideal time to make strategic money moves for a more prosperous New Year. Some may require you to activate specific spending categories, so pay attention to bonus offers, and sign up to maximize your rewards.