Premier

Introducing RISMedia Premier: Best-In-Class Real Estate News and Information

March 29th, 2022
Over the past year, RISMedia has been stepping up its game to deliver on its promise to serve real estate professionals with the most informative and actionable content in the industry. And today, the company is pleased to announce it...

Renters of Color Pay Higher Security Deposits and More Application Fees

April 6th, 2022
The U.S. rental market is extremely competitive, with the national vacancy rate lower than it’s been in nearly 40 years. Rent prices are up a record 17% in just the past year. However, results from Zillow’s Consumer Housing Trends Report...

Affordability Issues Top the List of Obstacles to Homebuying in New NAR Study

April 12th, 2022
Despite coming out of arguably the best two years in residential real estate, the path toward homeownership remains laden with its share of challenges for buyers, according to a new report by the National Association of REALTORS® (NAR). NAR released...

Commercial/Multifamily Lending to Hold Steady in 2022 Amidst Higher Rates and Economic Uncertainty

April 19th, 2022
Total commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in 2022, according to the latest forecast released this week by the Mortgage Bankers Association (MBA). This figure is...

Average Closing Costs for Purchase Mortgages Increased 13.4% in 2021

April 21st, 2022
The national average for mortgage closing costs for a single-family property in 2021 was $6,905 including transfer taxes and $3,860 excluding transfer taxes, according to CoreLogic’s ClosingCorp’s latest Purchase Mortgage Closing Cost Report released this week. These amounts represent a...

Fur Babies Rule the Roost: New Report Shows Fastest-Growing Dog-Friendly Cities

April 27th, 2022
Nearly three-quarters (72%) of dog parents would consider moving to a home that better suits their dog’s needs, according to a new survey out by Zillow and Rover that shows that pets are driving housing decisions. The two companies recently...

LGBTQ+ Discrimination Is Still Problematic in Real Estate. Here’s What Agents Should Know

May 2nd, 2022
According to the second-annual report published by the LGBTQ+ Real Estate Alliance, discrimination in the real estate industry remains prevalent—despite its extension of Diversity, Equity, and Inclusion (DEI) implementations and marketing towards the LGBTQ+ community.  The Alliance, one of the...

Fed Proposes Major Update to Fair Lending Law

May 6th, 2022
The Federal Reserve is proposing changes to a landmark fair housing law—the Community Reinvestment Act, or CRA—attempting to “strengthen and modernize” regulations around how big banks and lenders serve low income neighborhoods and predominantly non-white communities. Applying mostly to larger...

Inflation Sees its First Decline Since Last Year

May 11th, 2022
After months of climbing to record heights, U.S. inflation has experienced a slight decline in April, according to recent reports from the U.S. Bureau of Labor Statistics (BLS). The agency released its consumer price index (CPI) summary on Wednesday morning,...

Commercial/Multifamily Borrowing Jumped 72% in the First Quarter of 2022

May 13th, 2022
Commercial and multifamily mortgage loan originations increased 72% in the first quarter of 2022 compared to the same period last year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. In line with seasonality trends,...
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