Real Estate News and Auction

Mortgage Rate FLIP FLOP | Housing Market Update

0:00 - Intro
4:23 - Market Update
14:30 - Video
20:35 - Mortgage Rate
29:30 - Video
38:50 - Federal Funds Rate
45:30 - Video
57:24 - Video

Fourth quarter of 2023 started slow with pending homes sales down 30.6% from last October, according to data from Phoenix REALTORS.

In this video, we'll discuss why someone would want to sell their home on Subject To and how agents can be a roadblock due to their lack of understanding of creative financing. Selling a home on Subject To can be a fast and efficient option for homeowners who need to move quickly or avoid foreclosure, but FIRST, you need to find the bunnies. Be sure to subscribe to our channel for more real estate investing tips!

A Landlord in Portland, Maine, wrote a letter to the editor to try to explain to the people of the city the unintended consequences of rent control on small mom-and-pop landlords.

After suffering defeat in a recent election with their attempt to modify the rent control law, landlords are angry and frustrated.

https://www.pressherald.com/2023/11/17/letter-to-the-editor-many-landlords-are-neighbors-providing-housing/

Mortgage rates dipped for the third straight week after peaking around 8% this fall. Rocket Companies (RKT) CEO Varun Krishna says this relief will unlock pent-up housing demand despite affordability challenges from higher rates. Krishna notes rate volatility has made breaking into the housing market difficult, however recent cooling could provide opportunities for both sidelined buyers and sellers. Krishna believes that a "customer and client obsession" mindset fostered at former employer Intuit, prepared him to identify consumer problems and streamline solutions, a strategy now applied at Rocket to provide a "frictionless" home-buying experience. Krishna aims to cut back on complexity in housing deals as younger generations pursue first-time homeownership. "The demand is there," Krishna tells Yahoo Finance's Brian Sozzi, adding: "I think this will be a great opportunity for folks to hop into the business of buying a home." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

While 8% mortgage rates mean potential buyers are squeezed, the last decade saw a surge in people who own their homes outright.

Multigenerational housing can be a model to help address housing supply shortages and growing homeownership gaps.

Mortgage rates have soared north of 7% in recent months, driven higher by the Federal Reserve's war on inflation.

National Association of Realtors® Chief Economist Forecasts Existing Home Sales Will Rise by 15% Next Year and Mortgage Rates Will be Between 6-7% by Spring 2024

Some experts say mortgage rates could drop next year if the Federal Reserve pauses hiking its rates.

As NAR plans to appeal a class-action verdict, real estate pros can continue to serve the best interests of their consumers and should maintain clear communication with them about compensation. From 2023 NAR NXT, The REALTOR® Experience, Anaheim, Calif., Nov. 14-16

There was a DJ dance party and photo booths, a gala dinner and cocktail hours. But it’s an awkward time for a party at the annual convention of the National Association of Realtors, underway in Anaheim this week and bringing together nearly 12,000 of the trade association’s 1.5 million members from across the country.

Texas-based homebuilder QJ Team and holding company Five Points Holdings are bringing the case against more than two dozen Texas Realtor groups.

Residential real estate agent Somone Wilder is helping navigate her clients and all buyers and sellers through the sometimes complex process.

/PRNewswire/ -- Clever Real Estate, a fast-growing real estate technology company, has emerged as an unrivaled expert in commission rates following th

Big landlords are using algorithmic pricing systems to set rents — and it might be illegal. 

In the face of ongoing economic and geopolitical uncertainty, the notions of 'home' and a trusted and safe community have become more resonant than ever.

A new lawsuit could ultimately give sellers more opportunities to negotiate broker fees on apartment sales, but buyers might end up paying them.

The suit alleges that requiring a seller’s broker to split their commission with the buyer’s broker means the seller is essentially paying the buyer’s broker, even though they are on opposing sides of the deal. It further argues that the arrangement encourages buyer's and seller's brokers to work together to split a commission, artificially inflating those fees in Manhattan in violation of antitrust laws.

How the rest of the world buys and sells homes explained, in three charts.

#realestate #realestatemarket #housingmarket

Altos Research is now part of HW Media! Check out their channel at @HousingWire for more housing market insights.

The verdict in the Sitzer/Burnett broker commission trial may finally be the blow against the National Association of Realtors (NAR).

HousingWire surveyed real estate pros to find out how they think commissions will be impacted and how they're communicating with clients.