Mortgage Rates Pull Back a Bit After 5 Straight Increases
The 30-year fixed-rate mortgage (FRM) averaged 6.60%, a pullback from last week’s fifth-straight week of increases to 673%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers 30-year fixed-rate mortgage averaged 6.60% as of March 16, 2023, down from last week when it averaged 6.73%. A year…
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Annual AANHPI Real Estate Report Shows Disparity in Homeownership Nationwide
The Asian Real Estate Association of America (AREAA) released its 2023 State of Asia America report this week, which found that the Asian American, Native Hawaiian, and Pacific Islander (AANHPI) homeownership rate in the middle and lower-income levels are far below equal earning non-Hispanic Whites and comparable to those of the Black and Hispanic communities.…
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Brown Harris Stevens Rolls Out AI-Powered Cloze CRM
Brown Harris Stevens (BHS) recently partnered with AI-based intelligence provider Cloze to roll out Cloze CRM as part of its market-leading BHSOne initiative. BHS shared that the adoption of Cloze CRM has been successful through a highly successful internal marketing campaign, which itself used Cloze, and fueled by agent-to-agent recommendations. “We looked at many different…
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Highlights from the 2023 State of Hispanic Homeownership Report
2022 began with an extremely hot real estate market fueled by record low interest rates. Competition for single-family homes was at an all-time high in almost every major market in the country, driving record home price appreciation. However, after several months of double-digit inflation, the Federal Reserve began an aggressive series of interest rate increases—the…
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