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Report: The Best Time to Sell is in the First Half of the Year
While the market is still unsettled—especially in regards to the currently pending NAR settlement and the changes that will bring to the industry—home sales continue as always. However, sellers have lost a little bit of the upper hand in the market as of late when it comes to a housing market correction. For sellers looking…
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More Than 90% of Metro Areas Recorded Home Price Increases in Q1 2024
The National Association of REALTORS® (NAR) recently released data showing that nearly every metro area it tracks—93%—posted year-over-year price increases in the first quarter of 2024. The top 10 metro areas with the largest year-over-year median price increases, which can be influenced by the types of homes sold during the quarter, all registered gains of…
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Consumer disconnect: Good time to sell means it’s a bad time to buy
Fannie Mae survey finds 67 percent of Americans agree that it's a good time to sell, the highest level in nearly 2 years. But only 20 percent say it's a good time to buy.
President Biden Signs Law to Ban TikTok; App Parent Company Sues
On Wednesday, April 24, 2024, President Joe Biden signed a bill into law that’s been dubbed a “TikTok ban.” Specifically, the bill mandates that ByteDance, TikTok’s parent company, has nine months to sell it or the video social media app will cease operations in the United States. The bill, originally passed in the U.S. House…
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Mortgage Applications Up After Three Weeks of Downs
Mortgage applications increased 2.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 3, 2024. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, increased 2.6% on a seasonally adjusted basis from one week earlier. On an…
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Amazon pipeline, rising vacancy key factors to watch in US industrial market - The Business Journals
Amazon pipeline, rising vacancy key factors to watch in US industrial market The Business Journals
US industrial market starts 2024 with rising vacancy, expansion efforts by Amazon - The Business Journals
US industrial market starts 2024 with rising vacancy, expansion efforts by Amazon The Business Journals
Redfin Q1 Revenue Rises, but Net Losses Up as Well From 2023; CEO Notes New Normal
One day after deciding to settle commission lawsuits with a proposed $9.25 million-dollar payout, Redfin, in a May 7 Q1 earning report, showed solid first quarter revenue of $225.5 million, an increase of 5% compared to the first quarter of 2023. Gross profit was $70.8 million, an increase of 22% year-over-year. Real estate services gross…
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Buyers seek surprise injunction to halt commission suit settlements
The plaintiffs in a suit known as Batton 1 have filed for a temporary restraining order preventing the final approval of the Keller Williams, Anywhere and RE/MAX settlements.
US home prices rise in 93% of all housing markets in Q1, NAR says
Low inventory drove prices higher nationwide despite some of the highest mortgage rates in decades, National Association of Realtors Chief Economist Lawrence Yun said on Wednesday.
Settlements Face 11th Hour Delay in Dispute Over Buyer Immunity
Plaintiffs in Batton, the largest commission-focused case filed by homebuyers, are seeking to delay approval of settlements that brokerages agreed to in cases filed by homesellers, according to a court filing today, claiming at least two companies are attempting to squeeze in immunity from buyer claims at the last minute. With the final approval hearing…
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