Sat.Jun 22, 2024

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Is mortgage demand really picking up?

Housing Wire

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. While I typically prefer to see a sustained growth of 12-14 weeks before concluding there’s been a sea change, the low bar in purchase application data suggests that even a slight change could push demand higher if mortgage rates keep falling.

Mortgage 482
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In NYC, brokers are fighting for 10-15%, not 6%

Real Estate News

New York is one of only two cities where landlords can hire brokers and require renters to pay them. This may be changing — but not if the industry has its way.

Landlords 304
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My neighbor’s house won’t sell. Virtual staging would help

Inman

Virtual staging is becoming an increasingly easy and affordable way to market a stale listing. Here are a number of software companies that excel in making empty homes meet market expectations.

Marketing 126
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Brokerage Beat: News from KW, RE/MAX, The Agency

Real Estate News

Chicago-area team joins Keller Williams Infinity; team leader joins Detroit RE/MAX franchise as broker/owner; The Agency opens fourth Texas office.

Brokerage 236