Sat.Jul 20, 2024

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Housing inventory up almost 40% over last year

Housing Wire

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. Low inventory has plagued the housing market since the pandemic, plummeting to all-time lows in March of 2022 when we only had 240,000 single-family homes available for sale.

Inventory 526
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Housing market angst won’t swing the election (probably)

Real Estate News

Renters and buyers are frustrated by high housing costs, but homeowners — the largest share of likely voters — are focused on other issues.

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Dot your i’s and cross your t’s. The paper chase is here: The Download

Inman

Ed Zorn, Anthony Lamacchia and others weigh in on buyer agreements, commission sharing and everything you need to know about the new forms.

Buyers 201
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Brokerage Beat: News from Compass, E&V, Coldwell Banker, C21

Real Estate News

Compass gains teams in New Jersey and Florida; E&V opens in Portland; CB Warburg adds agents; Century 21 marks third year of global giving initiative.

Brokerage 262
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20 phone etiquette rules every real estate agent should follow

Inman

Christy Murdock shares essential phone etiquette tips to enhance client relationships and close more deals. Learn the do’s and don’ts, preparation strategies and follow-up techniques in her comprehensive guide.