Compass is facing a lawsuit for allegedly violating 'Do Not Call' regulations by repeatedly contacting individuals, even after they requested to be removed from marketing lists. The suit seeks class action status and damages.
Builder confidence is declining due to rising mortgage rates and economic uncertainty. Housing permits are down, especially in the South and West, signaling a potential market slowdown. Price cuts are increasing.
Mortgage rates fluctuate around 6.84%. Affordability remains a challenge. Buyers should negotiate deals as sellers offer concessions below asking prices. Economic uncertainty impacts the housing market.
Real estate firms expand through mergers, acquisitions, and strategic leadership hires. Brokerages grow market reach and expertise, enhancing client services in diverse locations.
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Small real estate investors are increasingly shaping the housing market. While overall investor activity saw modest growth, their market share surged due to decreased buyer activity and affordable housing opportunities in 2024.
MV Realty faces legal challenges over its 40-year marketing agreements, criticized as predatory. States seek to terminate contracts and protect homeowners from hidden liens and fees after bankruptcy filing.
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John Diaz sues NAR, alleging anticompetitive subscription fees violate antitrust laws. The suit challenges fees for non-Realtor licensees, claiming it hinders participation and disadvantages smaller brokerages.
Consumer buying sentiment is up as housing inventory improves. Despite income dips and high mortgage rates, more consumers see it as a good time to buy, with improved outlooks on home prices and job security.
Inflation and high mortgage rates impact the housing market. Experts discuss potential rate cuts, wage growth surpassing inflation, and the need to control costs amid economic uncertainty. Housing shortages persist.
The housing market faces challenges with slowing construction, economic uncertainty, and fluctuating mortgage rates. Luxury homes remain strong, but overall mortgage activity is down significantly. New listings show mixed signals.
