Mortgage rates plunge to lowest level in 15 months
Inventory is higher heading into fall compared to recent years, so if the Federal Reserve chooses to make deeper rate cuts in September, that could lead to a late-year uptick in sales.
When should sellers play the concessions card?
It's a topic that was discussed this week during a webinar called "Winning strategies in a post-settlement world," hosted by T3 Sixty's CEO Jack Miller and Paul Hagey, editor-in-chief for the company's publications.
Key player in Sitzer/Burnett launches real estate startup
On Landian's home page, Sitzer states that "our hard-won settlement paved the way for a new era of fairness and transparency," and the company's flat-fee approach is "liberating homebuyers from the excessive commissions they were previously forced to pay."
‘Unfiltered’: No offer of compensation? No problem
On this week's episode of Real Estate Insiders Unfiltered, California agentChris Cragnotti shares his experience working with sellers who chose not to include an offer of compensation in the MLS, 10 months before it was required.
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.