Sat.Sep 28, 2024

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Housing demand firming up with lower mortgage rates

Housing Wire

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand growth from record-low sales levels. However, considering the affordability challenges with the housing market , it’s good to see a flip in the housing data without rates getting under 6%.

Mortgage 524
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Agent mood improving post-settlement — a little

Real Estate News

Agents are slowly warming up to the new reality in real estate sales, though most still believe the NAR settlement will have a negative effect on the industry.

Agents 264
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All eyes are focused on Clear Cooperation: The Download

Inman

It seems everyone's talking about Clear Cooperation these days. Is the policy a power grab from NAR and the MLSs or a sincere effort to level the playing field for buyers?

Buyers 187
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‘Unfiltered’: There’s no ‘magic script’ — success is about skill

Real Estate News

Watch the conversation as Real Brokerage President Sharran Srivatsaa shares his own selling experience, and the real key for agents (hint: it’s not charisma).

Brokerage 264
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Leader of the pack: How to lead effectively in uncertain times

Inman

Broker Pam Blair shares how your leadership style can impact the rest of your pack and what you can learn from the animal world to make you more effective.

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Brokerage Beat: News from ERA, Real, BHGRE

Real Estate News

ERA Prime grows in Detroit; door-to-door experts join Real; Expect Realty affiliates with Better Homes and Gardens; a Leading Edge merger in Tennessee.

Brokerage 264