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Lawmakers and advocates have made many attempts recently to address the affordability crisis that pervades the housing market—some more impactful than others. Legislative bodies have enacted laws addressing private listings, while President Donald Trump recently signed an executive order aimed at cutting costs for title and mortgage insurance and manufactured housing. In tomorrow’s general election,…

The post California Voters Could Approve ‘Secondary Mortgages.’ Can the Golden State Solve the Housing Crisis? appeared first on RISMedia.

Open Real Estate, the national initiative launched by big brokerage leaders last week that has promised to create a shared “infrastructure” for property listing data, today announced it has received 826 letters of support from real estate brokerage leaders. Behind the strength—and size—of its four founding brokerages (HomeServices of America, AGNT, Keller Williams and Real…

The post Open Real Estate Claims Early Broker, MLS Support as Initiative Touts ‘Significant Interest’ appeared first on RISMedia.

Mortgage rates are giving homebuyers another reason to hesitate.  The average rate for a 30-year fixed mortgage reached well over 7% in October, its highest level in 13 months, according to Freddie Mac. That followed a climb from 5.98% in late February to 6.65% by Aug. 20, figures cited in a recent U.S. Bank housing-market…

The post Why Waiting for Rates to Fall Can Create Other Affordability Problems appeared first on RISMedia.

United Real Estate has announced the launch of VPR | United, serving residents along the Gulf Coast—from Mobile, Alabama to iconic destinations, such as Orange Beach, Gulf Shores and Destin, Florida. United stated that the expansion is being led by Virtual Properties Realty, an affiliated company and Atlanta’s largest residential brokerage by homes sold in…

The post United Real Estate Expands Along the Gulf Coast appeared first on RISMedia.