Real Estate News and Auction

Find out more about Mountain Lake Realty here:
https://www.arizonamlsflatfee.com/

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- Are housing permits showing recession risk? | HousingWire: https://www.housingwire.com/articles/are-housing-permits-
The HousingWire Daily podcast examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.

A thermal camera is just a tool like many others in the inspectors arsenal but without it, serious conditions can be overlooked.

Are you ready to elevate your real estate strategy in the second half of 2024? Tune in to Get Creative with Pace Morby for expert insights on current market trends and actionable tips to stay ahead. We'll dive deep into the rising focus on long-term rentals in the affordable housing sector, exploring why this market is booming and how you can capitalize on it. Learn about the challenges facing short-term rentals like Airbnb, including increasing regulations. Discover why affordable housing remains a protected class and what it means for your investments.

The Department of Justice goes on offensive against California Association of Realtors launching a "formal inquiry" into the new forms that the CAR was planning to publish for members theoretically in compliance with the NAR settlement. Meanwhile DOJ issues a blistering statement contrary to the opinion of the plaintiffs and MLSPIN in the Massachusetts based case known as Nosalek vs MLSPIN.

Realestatenews.com:

"California Association of Realtors notifying members today that the organization is delaying its planned release of 21 forms following a "formal inquiry" from the DOJ."

https://www.realestatenews.com/2024/06/21/doj-formal-inquiry-delays-release-of-c-a-r-forms

MLSPIN "Joint Statement" https://drive.google.com/file/d/17Q0i2C6eOVKuFh0EwC6gYNRD7COCgOSW/view?usp=sharing

Episode #227

Will we finally get the rate cuts the Fed hinted at earlier this year? Has the job and housing market taken a big enough hit for us to still be concerned about inflation? And how are more Americans going mortgage-free during such economic uncertainty? The housing market is changing fast, but we’re here to break down all the latest data from recent headlines as we touch on inflation, rate cuts, housing market competition, foreclosure activity, and more!

Skyrocketing home prices and elevated interest rates are keeping buyers on the sidelines, with the result that more than three in five houses on the market in May were listed for at least 30 days, according to a report by real estate brokerage Redfin. The average 30-year fixed mortgage rate is 6.99% — more than double the lows seen during the pandemic and slightly below the 20-year high of 7.8% in October 2023. The median U.S. monthly housing payment is about $30 less than its record high. Since

Despite plunging home sales, nearly 1 in 5 homes listed for sale in May had a price cut, according to a recent Redfin report.

The home search giant filed a lawsuit last December over the removal of its showing platform in the ARMLS and Metro MLS regions.

The Consumer Federation of America (CFA) has been evaluating industry buyer contracts over the past several months.  It has learned that many contracts are anti-consumer but also found one that is understandable and much fairer to everyday buyers. 

An inquiry by the DOJ is delaying the release of forms related to the business practice changes outlined in NAR’s settlement agreement.

https://www.zillow.com/homedetails/4431-N-28th-St-Phoenix-AZ-85016/7802760_zpid/

Starting August 17, 2024 you will no longer able to just call any random real estate agent and go look at properties on a whim. No, no, no, you will need to sign a buyers agent agent agreement, this will be mandatory after this date if you want to look at properties. And even though it does sound like a hassle, there actually could be some benefits to both the buyers and real estate agents moving forward. It's definitely gonna have an impact on the housing market

Discover the legal aspects of real estate investment in Arizona for hard money borrowers and how to protect your investments.

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

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Thomas Mastromatto. Office: (602) 888-7073 | Mountain Lake Realty. MLS #: 6720921. Welcome to your dream home in the gated community of Gilbert, AZ 85298! This stunning 4 bedroom, 4 bathroom residence spans 3,667 square feet on a 21,000+ square foot lot. The chef's kitchen boasts high-end GE Monogram appliances, upgraded granite countertops, abundant Greencastle Alder cabinetry, and an enormous island. The master suite features a spa-like bathroom and a walk-in closet. Enjoy a pebble tec play pool, new above-ground spa, built-in BBQ, and custom ramada in the backyard oasis with views of the San Tan Mountains.
The home includes a 4-car extended garage with new epoxy floors, Husky cabinetry, a workbench, and an RV gate. Energy-efficient features keep SRP electric bills remarkably low. Located in a lush, greenbelt-lined gated subdivision, this home offers luxury, comfort, and convenience. Call today and experience the best of Gilbert living!"

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