KRS Realty LLC

License #: 481.012837

Phone:
618-223-1847
Contact Us

KRS Realty LLC

License #: 481.012837

Phone:
618-223-1847
Contact Us

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Mortgage Rates Tick Up, Nearing 7%

USA Real Estate News-RISMedia - Thu, 2024-03-21 11:39

After two consecutive weeks of declines, mortgage rates are back on the rise this week, up to 6.87% from last week’s average of 6.74%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday.  This week’s numbers: The 30-year FRM averaged 6.87% as of March 21, 2024, up from last week…

The post Mortgage Rates Tick Up, Nearing 7% appeared first on RISMedia.

Residential Construction Helps Drive First Leading Economic Indicators Upswing in Two Years

USA Real Estate News-RISMedia - Thu, 2024-03-21 11:34

The Leading Economic Index (LEI) increased by 0.1% in February to 102.8, marking the first time in two years the business-cycle monitor showed an uptick, thanks in part to residential construction, according to the latest release from The Conference Board.  According to the latest report, the increase follows a 0.4% decline in January. Over the six-month…

The post Residential Construction Helps Drive First Leading Economic Indicators Upswing in Two Years appeared first on RISMedia.

$3M deal goes up in flames after agent open house mishap

USA Real Estate News-Inman - Thu, 2024-03-21 11:21
A Sydney listing agent accidentally burned down her client's $3 million home. Five years after the accident, her broker has been ordered to pay $850K in damages.

Existing-home sales rose 9.5% amid winter inventory boost

USA Real Estate News-Inman - Thu, 2024-03-21 11:10
Existing-home sales were on the upswing in February, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 3.3 percent year-over-year from 4.53 million in February 2023 to a seasonally adjusted annual rate of 4.38 million. Although sales failed to break out of an annual slump, they rose 9.5 percent from January — marking the most significant monthly gain in a year.

We asked ChatGPT about agent value. Its answers may surprise you

USA Real Estate News-Inman - Thu, 2024-03-21 10:50
ChatGPT answered questions about the value a real estate agent has and about how real estate commissions work. Do you agree with its answers?

Online course aims to prep buyer agents for real estate wild west

USA Real Estate News-Inman - Thu, 2024-03-21 10:00
Kaplan’s new Buyer Agency Professional course aims to help buyer agents negotiate the ways they are compensated.

MLS PIN, Nosalek plaintiffs seek to delay DOJ response after NAR deal

USA Real Estate News-Inman - Thu, 2024-03-21 06:42
They asked the court for more time to analyze the impact on their proposed settlement of NAR's proposed rule change banning the MLS display of commissions offered to buyer brokers.

Realtor.com announces the ‘Best Day to Sell’ for 2024

USA Real Estate News-Inman - Thu, 2024-03-21 05:00
Listing agents have less than a month to prepare homesellers for the peak spring selling season, according to Realtor.com's annual "Best Day to Sell" analysis, published on Thursday. This year, the portal says the week of April 14 is the best time to close a deal as fluctuating mortgage rates have a dual effect on the market.
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