news aggregator

Many homebuyers assume a brand-new home will automatically cost more than a resale home. In today’s market, that isn’t always true. Builders can offer incentives that traditional homesellers usually can’t, including lower mortgage rates and help with closing costs. Those incentives can sometimes make a more expensive new construction home cost less each month than…

The post Builder Incentives Are Changing the New Construction vs. Resale Conversation appeared first on RISMedia.

Colorado Springs-based elevateMLS has announced the launch of a new consumer website where homebuyers and sellers can search listings straight from the MLS, find a local agent and see how the market is moving. The site is live at elevateMLS.com. According to a release, home search on the site runs on the Cribio platform from…

The post elevateMLS Launches Home Search Website Built on MLS Data appeared first on RISMedia.

The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for builder confidence fell three points to 29 (out of 100) in October, marking the lowest builder confidence in the market since June 2012. NAHB attributed the historically low measure of builder sentiment to rising mortgage rates, energy and material costs, and…

The post NAHB Reports Lowest Builder Confidence in 14 Years appeared first on RISMedia.

In an entirely expected move last Friday, Oct. 16, Compass filed a federal antitrust lawsuit against California-based CRMLS, asking a judge to prevent the MLS from enforcing its “mandatory submission” policies that the brokerage argues violates antitrust policies. As it has continued to campaign for changes to certain MLS policies, a Compass spokesperson told RISMedia…

The post 3 Biggest Takeaways From Compass’s Lawsuit Against CRMLS appeared first on RISMedia.