James Roland Castle, Broker

License #: MD4545,PARB065382,VA0225061039,WV0020820,DCBR98364568

Phone:
301-695-3020
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Mortgage Applications Up After Three Weeks of Downs

USA Real Estate News-RISMedia - Wed, 2024-05-08 10:30

Mortgage applications increased 2.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 3, 2024. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, increased 2.6% on a seasonally adjusted basis from one week earlier.  On an…

The post Mortgage Applications Up After Three Weeks of Downs appeared first on RISMedia.

Redfin Q1 Revenue Rises, but Net Losses Up as Well From 2023; CEO Notes New Normal

USA Real Estate News-RISMedia - Wed, 2024-05-08 10:04

One day after deciding to settle commission lawsuits with a proposed $9.25 million-dollar payout, Redfin, in a May 7 Q1 earning report, showed solid first quarter revenue of $225.5 million, an increase of 5% compared to the first quarter of 2023. Gross profit was $70.8 million, an increase of 22% year-over-year. Real estate services gross…

The post Redfin Q1 Revenue Rises, but Net Losses Up as Well From 2023; CEO Notes New Normal appeared first on RISMedia.

Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity

USA Real Estate News-RISMedia - Wed, 2024-05-08 07:54

Plaintiffs in Batton, the largest commission-focused case filed by homebuyers, are seeking to delay approval of settlements that brokerages agreed to in cases filed by homesellers, according to a court filing today, claiming at least two companies are attempting to squeeze in immunity from buyer claims at the last minute. With the final approval hearing…

The post Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity appeared first on RISMedia.

‘Godspeed’: Enforcement of NAR settlement changes shifts to MLSs

USA Real Estate News-Inman - Wed, 2024-05-08 04:00
At the Realtors Legislative Meetings earlier this week, MLS executives were told they would be responsible for making sure real estate agents and brokers follow the new commission rules.

Showcase your team’s success: Enter the Inman Innovator Awards

USA Real Estate News-Inman - Wed, 2024-05-08 04:00
Join us in celebrating real estate's best and brightest innovators at Inman Connect Las Vegas, July 31 to Aug. 1. Submit your nomination now for the 2024 Inman Innovator Awards.
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