NAR Forecasts 4.71 Million Existing-Home Sales in 2024, With Mortgage Rates in Mid-6% Range
When an 18% decline in home sales in 2022 is followed by what looks like another 18% drop this year,...
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Mortgage Rates Dip Back Below 7%
The 30-year fixed-rate mortgage (FRM) decreased for the seventh straight week, from last week’s average of 7.03% to an average...
Many Brokers See ‘Flip’ to Buyer’s Market in 2024
Despite broker sentiment hitting a yearly low in November—at exactly the same time as it did last year—there are larger...
Foreclosure Activity Sees Decline in November
A total of 32,120 properties had foreclosure filings—default notices, scheduled auctions or bank repossessions—in November, down 7% from a month...
The Fed Continues to Keep Interest Rates Steady
Interest rates will remain unchanged for the second month in a row, according to the latest press conference from the...
Buffini, Yun Predict Big Mortgage-Rate Drop and Housing Rebound in 2024
Above: Brian Buffini, left and Dr. Lawrence Yun December industry predictions for the upcoming year can be fairly same-old, same-old....
The Housing Markets Facing Greater Risk of Downturns
Third-quarter patterns—derived from gaps in home affordability, underwater mortgages, foreclosures and unemployment—revealed that California, New Jersey and Illinois have the...
Consumer Price Index Sees Small Rise in November
Inflation saw a small rise again in November, following no changes in October. After the recent pause in rate hikes...
Gen Z Will Now Shape Rental Demand, Harvard Study Says
Millennials have been a generation of (mostly) renters for the past decade or two. Graduating to adulthood in the 2008...
New California Commission Lawsuit Takes Aim at MLS, Small Associations
With the number of distinct commission-focused class action lawsuits quickly climbing in the wake of the landmark Burnett verdict, the...
3 Business Moves Agents Should Make Before Summer
As the market heads into the summer season, the groundwork you lay now can determine whether the coming months are productive. Agents can use this time to reconnect with clients and position themselves for more listings. Here are three smart business strategies to make before summer arrives. Read more.
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