Market Updates
Agent Commission UpdateEven if the new NAR commission rules introduced in 2024 didn't affect you, you may be wondering if the average agent commission has changed. A recent survey found that more than 50% of agents are now negotiating commissions with buyers and...
Market Updates
Agent Commission UpdateEven if the new NAR commission rules introduced in 2024 didn't affect you, you may be wondering if the average agent commission has changed. A recent survey found that more than 50% of agents are now negotiating commissions with buyers and...
Market Updates
Okay...How Bad Was 2024?The last few years have been a true roller coaster ride for residential real estate. According to recent NAR data, sales of existing homes during 2024 were at an even lower level than in 2023. Only 4.06 million homes sold last year, which added...
Market Updates
The Latest on Emergency Price ReliefEarlier this week, the White House released details of a memorandum that ordered agencies to "to deliver emergency price relief, consistent with applicable law, to the American people."While the Trump administration's goals of...
Market Updates
Annual Housing Sentiment on the RiseWhile Fannie Mae's Home Purchase Sentiment Index (HPSI) decreased by 1.9 points in December 2024, the annual numbers are higher than late 2023 levels. One reason for this: some consumers are still expecting mortgage rates to decline...
Market Updates
Home Prices Continue to Cool Last July, rises in home prices finally began to slow down, which buyers considered a welcome change. This trend continued into fall 2024.According to the S&P CoreLogic Case-Shiller Home Price Index, home price growth continued to wane in...
Market Updates
Let's Get Ready to Rumble in 2025Even though our business is always unpredictable, let's not hesitate to celebrate the new year together. Remember, I'm always here to assist you and your clients with the latest home financing strategies. Feel free to reach out so we...
Market Updates
Join Me in Celebrating the SeasonAlthough our methods of remembering the December holidays have evolved beyond the traditional Christmas tree, the hopes and dreams we share still ring true. May you, your family and your loved ones enjoy a holiday filled with...
Market Updates
Top Housing Hot Spots for 2025Recently, NAR released a list of 10 metro markets that they're expecting to be next year's top performers. Their picks were based on criteria such as job growth, favorable financing, numbers of renters who are planning to buy, migration...
Market Updates
Demand For Mortgages on the RiseMortgage application volume rose 2.8% earlier this month as potential homebuyers responded to a combined dip in mortgage rates and higher inventory.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan...
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