David H Lever

David H Lever

Broker/Owner

License #: 219956

Realty World Lever & Russell

Mobile:
252-714-8827
Office:
252-714-8827
Toll Free:
252-551-2111
Email Me

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Industry mourns DocMagic founder and CEO Dominic Iannitti, 60

USA Real Estate News-Inman - Tue, 2024-07-23 17:32
CFO Pat Theodora taking over as CEO after Iannitti, a pioneer of numerous paperless processes, dies unexpectedly of complications from pneumonia.

CoStar Group revenue rises in Q2 as Homes.com bookings hit $55M

USA Real Estate News-Inman - Tue, 2024-07-23 15:58
CoStar Group's revenue grew 12 percent year over year to $678 million, according to Q2 earnings Tuesday. Traffic for the Homes.com Network of websites increased 73 percent year over year to 148 million monthly average unique visitors.

Economists predict big slowdown in home price appreciation

USA Real Estate News-Inman - Tue, 2024-07-23 15:18
As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford and prices are already coming down in some markets

NAR’s Yun Predicts Interest Rate Cuts, With More to Come in 2025

USA Real Estate News-RISMedia - Tue, 2024-07-23 14:11

Interest rates may be seeing their first cut this fall, possibly even as soon as September, according to the National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun. Yun shared this prediction and more during NAR’s recent Residential Real Estate Forecast Summit for 2024. The biggest question looming on many in the industry’s minds is,…

The post NAR’s Yun Predicts Interest Rate Cuts, With More to Come in 2025 appeared first on RISMedia.

Existing-home sales decline, median sales price hits record high

USA Real Estate News-Inman - Tue, 2024-07-23 14:00
The median existing-home price jumped by 4.1 percent year-over-year to $426,900 for all housing types, marking the second month of record highs.

‘Heading in the Direction of Normality’; Brian Buffini Says Agents Should Prepare for a Sales Surge This Fall

USA Real Estate News-RISMedia - Tue, 2024-07-23 13:58

Despite a barrage of headwinds agents are facing in the current market–notable reductions in sales volume, record-high home prices, elevated inflation and increased uncertainty they will even stay in the business over the next two years–inventory has been increasing over the summer and we’re seeing “an incredible trend in the direction of normality.” That was…

The post ‘Heading in the Direction of Normality’; Brian Buffini Says Agents Should Prepare for a Sales Surge This Fall appeared first on RISMedia.

NAR Appears Open to Amending or Repealing Clear Cooperation

USA Real Estate News-RISMedia - Tue, 2024-07-23 13:44

Back in January, the National Association of REALTORS® (NAR) agreed to extend the statute of limitations in a pocket-listing lawsuit, court documents revealed, with a lawyer representing the REALTOR® organization telling a judge in a separate case last week that NAR needed time to decide if it was “amenable” to repealing or amending the Clear…

The post NAR Appears Open to Amending or Repealing Clear Cooperation appeared first on RISMedia.

Reestablishing Value Amid Uncertainties: Harnessing Comprehensive Data for Success

USA Real Estate News-RISMedia - Tue, 2024-07-23 13:07

The real estate industry is facing rapid changes and uncertainties. The recent National Association of REALTORS® (NAR) settlement and lawsuits alleging price fixing and artificial inflation have sent shockwaves through the sector. The decoupling of buyer and seller commissions further complicates the landscape, necessitating a reevaluation of how we establish and maintain value. One thing…

The post Reestablishing Value Amid Uncertainties: Harnessing Comprehensive Data for Success appeared first on RISMedia.

Cost of insurance, property tax top triggers of mortgage delinquencies

USA Real Estate News-Inman - Tue, 2024-07-23 11:55
Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com.

What unanswered NAR settlement question are you stressing? Pulse

USA Real Estate News-Inman - Tue, 2024-07-23 11:45
Buyer agreements for open houses? Workarounds? Concessions? As agents race to comply with terms of the NAR settlement on Aug. 17, Inman wants to help answer your toughest questions.

Home Prices Jump Again, Setting Record High for Second Straight Month

USA Real Estate News-RISMedia - Tue, 2024-07-23 11:31

Existing-home sales were down again in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the latest data released Tuesday from the National Association of REALTORS®. The median existing-home price for all housing types in June was $426,900, up from $419,300 last month and…

The post Home Prices Jump Again, Setting Record High for Second Straight Month appeared first on RISMedia.

Summer slump sees buyers back out of deals at record rates

USA Real Estate News-Inman - Tue, 2024-07-23 11:29
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin.
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