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REsides Appoints William Long as VP of Business Development
REsides, Inc. announced the appointment of William Long as Vice President of Business Development. In this role, Long will leverage his extensive experience in business development and sales to drive growth, expand market share and strengthen relationships with key real estate industry stakeholders across the US. He will focus on creating impactful client partnerships and…
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Mortgage Rates Continue Falling Ahead of Expected Rate Cut
Falling to its lowest level since May 2023, the average 30-year-fixed mortgage rate fell again this week to 6.35%, down from last week’s 6.46%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday. This week’s numbers: The 30-year FRM averaged 6.35% as of August 29, 2024, down from last week…
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Pending Home Sales Can’t Sustain Midsummer Momentum
The National Association of REALTORS®’ (NAR) latest report on pending home sales found a 5.5% drop-off in July 2024. Compared to July 2023, the decline is even steeper at 8.5%. In June, pending sales reversed a three-month decline and rose 4.8%. July also saw the first increase in existing-home sales in four months. Those hoping…
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Real Estate News and Trends to Keep An Eye On
Real estate is both a hyperlocal industry and one highly susceptible to both national and macroeconomic trends. Paying attention to the bigger picture might as well be in the job description for any agent or broker. Here are some ongoing real estate trends that agents, brokers and other industry professionals alike should keep in mind…
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