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As median U.S. home sale price rose 3% year over year to $420,846 in August, ‘sticker shock’ is pushing buyers to pull out of agreements Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal […] The post Buyers are getting cold feet as mortgage rates exceed 7%: Redfin appeared first on MJ Agostini.
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Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to […] The post Why It Makes Sense To Move Before Spring appeared first on MJ Agostini.
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If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure […] The post Why You Shouldn’t Fear Today’s Foreclosure Headlines appeared first on MJ Agostini.
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If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. . . with slowly improving affordability and a […] The post The 3 Factors That Affect Home Affordability appeared first on MJ Agostini.
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Keeping Current Matters CEO David Childers and Jimmy Burgess discuss why a relevant market opinion based on facts, not fears, is key for educating consumers and navigating industry changes.
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The class action lawsuit filed by plaintiff James Lutz alleges that HomeServices and other members of the National Association of Realtors fixed commissions, which misled buyers and resulted in buyers paying inflated home prices.
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Imaging company Planitar released an update to its iGuide tour experience that encourages buyers to offer contact information and feedback.
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Learn more about this managing partner of The Agency Steamboat Springs who also leads a top-producing, award-winning real estate team.
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Embrace the potential of auctions and understand how to navigate their benefits and risks effectively, new Inman contributor Chad Roffers writes. By doing so, you and your clients can tap into new opportunities and elevate your approach to listing properties.
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Buyer's agents have a critical responsibility to be the best they can be, new Inman contributor Filippo Incorvaia writes, as they navigate industry changes and the necessity of advocating for themselves early in the homebuying process.
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Cultural economist Mike Green looks at the aftermath of NAR's 2020 apology and what it would take to create a more equitable and inclusive housing market.
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Federal Reserve policymakers say they'll slow the pace of "quantitative tightening" to $40 billion a month, less than half the pace envisioned 2 years ago.
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Zillow tallied growing revenue while stabilizing losses in the first quarter of the year as the reigning search portal narrowed in on its post-commission settlement strategy on Wednesday.
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The company earned $943 million in revenue between January and March of this year. However, by the end of the quarter, agent count was down to 85,780.
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A lawsuit filed last week in California alleges the hotel industry engaged in illegal price-fixing using AI software.
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Wall Street investors believe promises made by new leadership of New York Community Bancorp, but concerns about the impact of interest rates and commercial lending on regional banks remain.
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Michael Bjorkman wants more than $20 million. He says founder Glenn Sanford defamed him when discussing 'bad actors' and jail time on an earnings call.
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Stronger lead generation systems and commission structures are driving more agents to consider switching their brokerage affiliations in the coming year, according to Coldwell Banker Real Estate's annual Agent Priorities Report published on Wednesday. In the survey of 1,500 agents, 39 percent said they plan to switch brokerages. That's a 56 percent increase from 2023 when 25 percent of agents said the same thing.
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The Atlanta-based Village Premier Collection, led by Cheri Benjamin, has joined Real under its Private Label program. The company has roughly 500 agents and closed $665 million in sales in 2023.
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In an email, the 1.5 million member trade group specified when agents would have to have signed written agreements with buyers, but stressed NAR would not dictate the agreements' terms.
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The local intelligence company's latest tool automatically surfaces locations for homebuyers based on the homes they're already scrolled, offering an alternative to traditional search tactics.
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The class of 45 honorees represents the real estate industry's brightest achievers under the age of 40. Future Leaders is the latest addition to Inman’s growing industry-leading awards program.