In 8 states, inventory is now above pre-pandemic levels
: In his weekly report, Simonsen said inventory appears to have peaked in Texas and Florida and may start to decline in those states a little earlier than the rest of the country.
Housing Market Decoded: Why ‘rent vs buy’ misses the big picture
But, in this current environment, as people are simultaneously worried about missing out and about buying at the top of the market, lists and calculators that put the buy-versus-rent tradeoff in black and white can be appealing.
Home prices have been rising for more than a decade
However, the pace of growth has slowed for the past three quarters, likely due to higher inventory and elevated mortgage rates, said Anju Vajja, deputy director for FHFA's division of Research and Statistics.
The new agent playbook should include ‘leading with grace’
So agents have to be considerate when working with others in the field or discussing changes with real estate professionals online as rules and practices vary at the local level.
Nick Bailey returns to real estate leadership in new capacity
While many agents and brokers are adjusting their practices in accordance with the settlement terms, some are continuing to look for loopholes, Bailey said — which he views as dangerous, because attorneys are watching very closely.
NAR to appeal DOJ case to the Supreme Court
The latest move: In a joint status report filed August 29 in U.S. District Court in the District of Columbia, NAR noted that it will file a writ of certiorari — the formal process to request a review of a lower court's decision — by October 10.
Move seeks injunction while CoStar remains defiant
Because the two competitors are engaged "in a well-publicized battle for website traffic" and because CoStar "cannot be trusted to police themselves," according to Move lawyers, the request for an injunction would "stop further misappropriation of specific trade secrets."
Parents face 5% premium on properties near top primary schools
Graham Sellar, head of mortgage development at Santander, comments: “It’s clear that nabbing a sought-after primary school place for your child is playing an increasingly significant role in the property market for parents.
Buyers beware: Some agreements appear to violate NAR terms
Some brokerages — including giants like eXp and Anywhere — are advising their agents to use proprietary forms and avoid those from state associations, largely due to concerns with length, legal jargon and provisions that could be deemed unfriendly to consumers.
Anywhere encourages offers of comp, asks ‘big question’ of MLSs
While the execs noted that it's too early to say how the practice changes will play out, Schneider said he was "happy with the weekend from an Anywhere Real Estate perspective" but added that there's "a lot of confusion and misinformation out there in the industry."
Move accused of selling ‘fake leads’ in class action lawsuit
Who the lawsuit affects: The plaintiffs allege that the "unlawful conduct" is "so widespread that it has caused harm to the goodwill of each prospective class member and the residential real estate agency (and brokerage) business as a whole."
‘Unfiltered’: Betting on Zillow — and a mass exodus of agents?
But Dwiggins doesn't just answer questions, he asks them of guests on Real Estate Insiders Unfiltered, his podcast with Keith Robinson, NextHome's chief strategic officer.
How do the presidential candidates’ housing policies stack up?
Addressing housing supply:Harris recently unveiled a plan that includes building 3 million new for-sale and rental homes by removing some of the red tape, which would enable quicker and less expensive construction.
Housing Market Decoded: Is prime shopping season about to hit?
Since the August 2 jobs report, the stock market has regained its footing and mortgage rates have stabilized, as investors balance that data point with other, less dire indicators, like low initial jobless claims.
The story behind the ‘hard line’ of MLS fines
Stellar had to rewrite policies and procedures, change bylaws, remove content that mentioned shared compensation.
Go (Mid)West — and East — for the hottest housing markets
The report pointed out that every ZIP code in the top 10 offered a lower median list price — overall, or per square foot — compared to its surrounding metropolitan area or the rest of the nation's housing market (or both) in June.
Mortgage rates still not low enough to spark buyer interest
"Even with moderately lower mortgage rates, affordability remains close to historic lows due to the high level of home prices relative to incomes," said Mark Palim, Fannie Mae's deputy chief economist.