The next wave of servicing regulation is coming – Are you ready?

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Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

@properties CEOs talk company growth and franchising

In this episode of HousingWire Daily, Mike Golden and Thad Wong from @properties discuss the future for the company including its nationwide franchising plans as it expands.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

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Lincoln slog: Why home prices don’t rise in Springfield

The Illinois capitol is the only market country with a recent home price dip. But agents aren’t alarmed

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“It was here, in Springfield, where North, South, East and West come together, that I was reminded of the essential decency of the American people, where I came to believe that through this decency, we build a more hopeful America.”

Barack Obama uttered those words on the footsteps of the Illinois state capitol in 2007 – a speech where the former Illinois state senator declared his candidacy for president. Back then, if Obama loved Springfield so much, he could have bought a home there for the median price of $108,000, according to National Association of Realtors data, significantly less than the 2007 U.S. median home price of $207,000.

Today, the gulf in home prices between the Springfield metropolitan area and the rest of the country looks as endless as Illinois’ prairie. The median Springfield area home sold for $143,000 in the second quarter of this year, per NAR. The U.S. median existing home price is $359,900.

In that NAR study, the Chicago-headquartered trade group analyzed home sale data in 183 markets. Springfield was the only one of those 183 to see a year-over-year home sale price decline.

In other words, at a moment in real estate history when the phrase “high demand, low inventory” is cliché…have we found the one place in America where there’s not high demand?

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