SEATTLE, April 04, 2024--(NASDAQ: RDFN) —New listings of U.S. homes for sale rose 8.4% from a year earlier during the four weeks ending March 31, the smallest increase in about seven weeks, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Redfin Chief Executive Glenn Kelman argued that the housing supply crisis can be addressed as states focus on deregulation, which would help boost inventory.
Tonight on wholesale hotline join Jerry Norton, Brent Daniels, Jamil Damji, and Aaron Novello to discuss the future of buyer commissions post NAR settlement
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US existing home sales surged well above expectations for the month of February, the National Association of Realtors (NAR) reporting 4.38 million against forecasts of 3.95 million. Despite the tremendous figure, home sales still fell year-over-year while median existing home prices also rose year-over-year. Yahoo Finance Live breaks down the data and monitors mortgage rate trends. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
The news comes one week after NAR's whopping $418 million settlement was announced. Compass also agreed to make some minor changes to its business practices as part of the settlement.
Redfin, Seattle, conducted a survey to determine Baby Boomers’ plans for where to live as they age. More than three-quarters said they plan to age in their homes.
Who stands to gain the most from the settlement reached with the National Association of Realtors regarding commission price collusion? The clear beneficiaries are residential real estate investors and owners. Why? Because they were the ones burdened with paying the so-called 'standard' real estate commission ranging from 5% to 6%. Following the judgment against the
CNBC’s Diana Olick and Redfin CEO Glenn Kelman joins 'Squawk Box' to discuss the legal settlement by the National Association of Realtors, the impact of the settlement on the home buying process, and more.
Sellers may be poised to benefit from the National Association of Realtors' recent settlement because it could let them keep a greater portion of their home equity.
Fannie Mae now says mortgage rates will stay above 6% through 2025, after predicting last month that the average 30-year fixed mortgage would drop below 6% by the end of this year.
The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions.
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