Sat.Aug 17, 2024

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Lower mortgage rates are slowing down inventory growth

Housing Wire

Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. This has happened six times this year and even though that would be an average inventory growth level with higher rates, it didn’t happen even once last year.

Inventory 518
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Real estate’s day of change is here: 3 things to know

Real Estate News

Important practice changes required by the NAR settlement take effect today, affecting buyer agent agreements and compensation. “We are in this together.

Agents 328
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Today marks the dawn of a new day for real estate. Make the most of it

Inman

The best real estate agents will thrive, the profession will be elevated, rot will be removed and the brands that are built on trust and integrity will rise to the top, Inman founder Brad Inman writes.

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Brokerage Beat: News from Realty ONE, Compass, Coldwell Banker, C21

Real Estate News

MVP Realty joins Realty ONE in Florida; Compass adds two top NYC agents; Coldwell Banker gains luxury Boca Raton agent; No. 1 C21 team moves to SoCal franchise.

Realty 290
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Landmark real estate commission rules officially go into effect today

Inman

The new rules are the result of the National Association of Realtors' major antitrust settlement. They're poised to change how agents are paid and how real estate consumers search for homes.

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Michigan Realtors are mad as hell, and they’re suing: The Download

Inman

NAR buckles up for a new legal brouhaha as Michigan agents and brokers head to court over "compulsory" Realtor membership to access the MLS after removing "guaranteed broker commission.

Realtors 181