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Inventories on track to normalize in 40% of US markets this year

USA Real Estate News-Inman - Tue, 2025-02-04 18:24
After growing by 22 percent last year, inventory is "a bright spot for a market that’s been dealing with deep deficits in recent years," according to ICE Mortgage Monitor report for February.

Texas-based mega MLS will no longer require Realtor membership

USA Real Estate News-Inman - Tue, 2025-02-04 17:38
The Austin Board of Realtors' Unlock MLS will offer non-Realtor subscriptions starting June 1.

NYC real estate vet Scott Harris launches Magnetic firm with Side

USA Real Estate News-Inman - Tue, 2025-02-04 17:30
After 18 years with Brown Harris Stevens, Harris has set off on his own with members of his previous team alongside him. The firm will put a high focus on client and agent service.

Patterson Homes joins Century 21 as 1st Memphis-based firm

USA Real Estate News-Inman - Tue, 2025-02-04 17:25
Under Patterson's leadership at Century 21, the team will continue serving clients in Shelby and Desoto counties, specializing in residential and commercial buying and selling, while strengthening brand recognition in the Greater Memphis area.

Wells Fargo closes 2 more consent orders in quest to shed asset cap

USA Real Estate News-Inman - Tue, 2025-02-04 16:51
Getting out from under $1.95 trillion cap would allow the bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie.

CENTURY 21 Enters Memphis With Patterson Homes Real Estate Affiliation

USA Real Estate News-RISMedia - Tue, 2025-02-04 16:21

Above, an aerial view of Memphis Century 21 Real Estate LLC has announced it is expanding into Memphis with the latest affiliation of Patterson Homes Real Estate Co., a Black-owned firm with over 70 independent sales professionals across two offices. The firm is led by Travis Patterson, a Memphis-raised finance professional turned real estate broker.…

The post CENTURY 21 Enters Memphis With Patterson Homes Real Estate Affiliation appeared first on RISMedia.

CENTURY 21 Enters Memphis With Affiliation With Patterson Homes Real Estate

USA Real Estate News-RISMedia - Tue, 2025-02-04 16:21

Above, an aerial view of Memphis Century 21 Real Estate LLC has announced it is expanding into Memphis with the latest affiliation of Patterson Homes Real Estate Co., a Black-owned firm with over 70 independent sales professionals across two offices. The firm is led by Travis Patterson, a Memphis-raised finance professional turned real estate broker.…

The post CENTURY 21 Enters Memphis With Affiliation With Patterson Homes Real Estate appeared first on RISMedia.

Commissions have fallen for homes above $500K, Redfin says

USA Real Estate News-Inman - Tue, 2025-02-04 16:14
Overall buyer’s agent commissions average 2.37 percent, essentially unchanged since August. Commissions rose for homes below $500,000, according to the new report.

Former Vegas Realtors CEO sues organization after election mishap

USA Real Estate News-Inman - Tue, 2025-02-04 14:06
Wendy DiVecchio points to disagreement with the board over LVR's ownership of its MLS as a potential reason she was suspended, investigated and subsequently fired last week.

Utah MLS CEO Wants to Turn Data-Sharing Into Relationships

USA Real Estate News-RISMedia - Tue, 2025-02-04 14:00

For real estate professionals, the multiple listing service (MLS) is about as essential as any single tool or resource can be. All the data provides an obvious value to those in the industry, and the platform exists as a foundation for real estate transactions—but what about beyond that?  Besides using the MLS to market properties,…

The post Utah MLS CEO Wants to Turn Data-Sharing Into Relationships appeared first on RISMedia.

Rules on closing costs, PACE loans on CFPB chopping block

USA Real Estate News-Inman - Tue, 2025-02-04 13:16
In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation. Here's what that potentially means for the recent slate of rules and lawsuits targeting the mortgage industry.
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