Sat.Dec 21, 2024

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Housing market data positive despite Powell’s Grinch act

Housing Wire

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America.

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Brokerage Beat: News from KW, eXp, United, Real, RE/MAX, more

Real Estate News

Agents and teams are making late-year moves, and firms are expanding through M&As. Plus, Anywhere brand franchises announce 5 new offices or affiliations.

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Two charts that explain why Texas housing markets have stalled

Housing Wire

Relatively cheap housing, low taxes, looser COVID-19 restrictions and an influx of major employers turned Texas housing markets into hotspots after the pandemic began in March 2020. There werent many metro areas that rivaled the boom in Austin. The emerging technology sector brought wealth from the West Coast and pushed home prices sky high in a very short period of time.

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The Ten: NAR ready to reclaim narrative after bumpy year

Real Estate News

The association made a deal to end commissions cases while facing leadership shifts, intense attention from the DOJ and media and "rumblings" of discontent.

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Will anybody win the Clear Cooperation fight? The Download

Inman

Industry heavyweights continue to weigh in on the future of the Clear Cooperation Policy. What's your take?

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