The Cromford Report is officially stating the direction of the market is downhill. They're also calling out how active inventory is increasing, and prices must adjust down to get rid of excess inventory. What should you consider if you are a seller or a buyer? Watch to find out more!
A multimillion-dollar, lakefront estate in Delray Beach, Florida has been scheduled for sale at luxury auction on April 5, 2025. The Palm Beach County luxury home was initially listed for $5.2 million, but will now sell to the highest bidder regardless of price in an auction without reserve, according to Platinum Luxury Auctions, the firm hired by the property owner to manage the sale. Platinum is working in concert with listing broker Robin Arce of Leader Realty for the transaction.
Interest rate cuts could help move mortgage rates a little lower in 2025. according to most forecasts. However, mortgage costs may remain in a 6% to 7% band.
This exceptional Custom Contemporary Mediterranean Estate is situated on a prime corner cul-de-sac lot, encompassing 40,336 sq/ft within the prestigious Circle G Estados community in Seville. It features a luxurious split master suite with a romantic fireplace, ''his and hers'' walk-in closets,...
Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, joins Jeremy Szafron of Kitco News to discuss why the U.S. may already be in a private-sector recession. From rising layoffs and corporate bankruptcies to tightening credit and collapsing consumer demand, DiMartino Booth reveals the economic cracks the mainstream continues to miss.
These are today's mortgage and refinance rates. Rates are up today, and they probably won't nosedive during the home-buying season. Lock in your rate today.
The goal of such legislation is typically to limit large entities from buying up large quantities of homes, especially in affordable housing markets, which can drive up prices and reduce opportunities for regular homebuyers.
The bill might aim to introduce caps or restrictions on how many properties a hedge fund or institutional investor can own in certain areas, especially in markets with low inventory or fast-rising prices. It could also include regulations around transparency and reporting to ensure that homebuyers are aware of who is purchasing homes in their area.
Similar to Forbes Global Properties’ world-wide reach, Concierge Auctions has sold properties in 35 countries and 46 U.S. states, where it has represented real estate offerings valued from $2.5 million to over $150 million.
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Features, amenities, floor plans, elevations, and designs vary and are subject to changes or substitution without notice. Items shown are artist’s renderings and may contain options that are not standard on all models or not included in the purchase price.
"Clear Cooperation" rule will still be enforced. Here are a few key details from the change:
Clear Cooperation Rule Remains: Listings must still be submitted to the MLS within 1 business day of marketing, whether that's through advertising, social media posts, or other public marketing channels. This ensures that properties are accessible to a wide audience of agents and buyers.
New Option for Off-Market Listings: NAR is introducing a new exception for "off-market" listings. This would allow properties to be marketed outside of the MLS, but only if certain criteria are met. For example, the listing would need to be marketed to a limited group of people (e.g., within a certain radius, or just within a specific brokerage).
Expanded Flexibility for Sellers: This might be beneficial for sellers who want to test the waters without committing to a full MLS listing or who want to maintain privacy for a period before deciding to list publicly.
Brokerage Discretion: Brokerages now have more discretion in how they handle these off-market listings, giving them more flexibility in crafting a strategy that works for both the client and their business.
operties privately but still have some level of cooperation.
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