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Lawmakers approved legislation that would suspend the federal government’s $31.4 trillion debt ceiling mere days before the default deadline. The House of Representatives approved the bill on Wednesday, May 31, by a 314-117 vote, while the Senate followed suit a day later with a 63-36 vote. As the clock ticks, the bill now resides on…
The post Lawmakers Greenlight Critical Debt-Ceiling Deal, Averting Default appeared first on RISMedia.
To say that lawmakers are coming down to the wire with their debt-ceiling deal would be an obvious understatement, but at least folks can take some solace in the fact that an agreement to avert a catastrophic default is making progress. Lawmakers approved legislation that would suspend the federal government’s $31.4 trillion debt ceiling mere…
The post Debt-Ceiling Deal Gains Traction as Disastrous Default Looms appeared first on RISMedia.
Editor’s Note: The Playbook is an RISMedia bi-weekly segment centering on what brokers and agents are doing to ensure they not only survive but thrive in these challenging times. Industry professionals explain the strategies they’re employing and unique ideas they’ve formulated. Tune in every other Thursday for another addition to the series. These days, with…
The post THE PLAYBOOK: Winning Strategies for Database and CRM Utilization appeared first on RISMedia.
Above: Bright MLS Chief Economist Dr. Lisa Sturtevant In 2020, everything changed for real estate—truly, everything. From how and where agents operated, to where people wanted to live, conventional wisdom just didn’t apply anymore. Traditionally hot markets cooled while remote work and virus fears sent buyers fleeing for small towns. Long-simmering affordability and inventory issues…
The post Bright MLS Economist Looking Long at RISMedia’s CEO & Leadership Exchange appeared first on RISMedia.
Of all the changes wrought by the pandemic, remote work seems to be the one with the most staying power. As both workers and companies discover that many jobs are easily accomplished from home, the need for office infrastructure—whether that is a second-floor cubicle on Main Street or a corporate megaplex outfitted with massage chairs…
The post Are Corporate Megaplex Reversals Spilling Into Residential? appeared first on RISMedia.
The 30-year fixed-rate mortgage (FRM) averaged 6.79% this week, up from 6.57% last week. This is according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.79% as of June 1, 2023, up from last week when it averaged 6.57%. A year ago at…
The post Mortgage Rates Jump to Highest Point Since November appeared first on RISMedia.