National Association of Realtors® Announces Partnership With Rental Beast
The National Association of Realtors® today announced Rental Beast as its exclusive recommended software provider in the rental space. Under this agreement, NAR members receive free access to Apply Now by Rental Beast, the secure FCRA-compliant online rental application and tenant screening engine. “NAR REALTOR Benefits® aims to provide products andContinue Reading
Ohio home sales cool in June, average prices continue to rise
The number of homes sold throughout Ohio in June fell 6.8% from the pace set during the month a year ago, according to Ohio REALTORS. Homes sales in June 2022 reached 15,456, a 6.8% decrease from the 16,587 sales recorded during the month a year ago. However, the average salesContinue Reading
1031 Like-kind Exchanges Offer Benefits to Commercial and Residential Investors
Pennsylvania will finally grant the tax deferral benefit of 1031 like-kind exchanges beginning in 2023. What does that mean for real estate professionals and their clients? A 1031 exchange allows the seller of business use or investment property to defer the gain when exchanging for another business use or investmentContinue Reading
6 Reasons you should add Ancillaries to your Real Estate Brokerage or Team
Are you a Real Estate Broker Owner or Team Leader? Have you explored adding an Ancillary Business to your brokerage or team? Adding a Mortgage Brokerage to your current real estate business probably isn’t as difficult as you think & probably cost less than you can imagine. I work forContinue Reading
No need for attorney review on real estate auctions, N.J. Supreme Court rules
In a case over a failed home auction, the New Jersey Supreme Court determined real estate auctions are not the same as typical property transactions and do not require a three-day attorney review. The six-member court said such a mandate would upend an auction’s intended finality with a top bid.Continue Reading
5 Stats that Show Why the Housing Industry Can Weather the Storm & Why Mortgage Business Remains Strong
Across the nation, symptoms of the recent red-hot real estate market appear to be cooling. Demand is slowly waning, prices are beginning to plateau and homes are remaining on the market longer. All of these changes have raised concerns around the future of mortgage and real estate. Simply put, there’sContinue Reading
Rethink Your Lawn
(Family Features) Who has time to continuously care for that carpet-like, green grass almost everyone longs for? Nearly no one. Cultivating a lush, green lawn takes time, can be expensive and is a mainstay on weekend to-do lists spring through fall. Now that’s a serious commitment. Traditional turf lawns requireContinue Reading
Cybercrime Continues to Plague Real Estate Industry
Pennsylvania again ranked in the top 10 states for internet crime last year, according to the FBI’s 2021 Internet Crime Complaint Center report. Victims’ losses totaled $207 million, up 90% over 2020. The number of victims of internet crimes in Pennsylvania dropped slightly to 17,262. The IC3 report showed realContinue Reading
Housing supply increased for the 2nd month in a row as home sales decline
Typically a hot month for home sales, May 2022 saw closed transactions dip 8.5% lower than the same time last year. May is usually an active month for home sales – but May 2022 saw an 8.5% decrease in closings year-over-year. RE/MAX, LLC President and CEO Nick Bailey doesn’t considerContinue Reading
Demand for adjustable-rate mortgages surges, as interest rates jump
Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications were, however, 10% lower than they were in the same week one year ago. A big jumpContinue Reading