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In the latest state-to-state migration data, the trend of former Californians relocating to Texas decreased. On the flip side, both Arizona and Florida experienced a 
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No surprise to anybody that higher rates force buyers to the sidelines.
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Ken McElroy delves into the striking similarities between the 1970s economy and the contemporary financial landscape. Ken explores key factors like inflation, energy crises, and interest rates, drawing parallels between then and now. With global tensions and economic uncertainties, understanding these historical patterns may offer critical insights for the future.
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As Sitzer | Burnett unfolds, the New York City trade association announced the upcoming rule change amid a nationwide reevaluation of buyer commission structures.
AZ Mountain Lake Realty's insight:
“Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said.
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Matthew Graham, chief operating officer at Mortgage News Daily, joins 'The Exchange' to discuss a mix of hawkish and dovish commentary coming from the Fed, tightness in home supply stalling a housing value crash, and the risk homebuilder mortgage rate writedowns could have on the overall housing market.
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The FBI said in 2021, more than 13,500 people in total lost over 350 million dollars in real estate scams.
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The new rules prohibit listing brokers from paying buyer’s agents and require transparency on compensation to buyer’s agents.
AZ Mountain Lake Realty's insight:
The provision will prohibit listing brokers from paying buyer’s agents and will instead require sellers to pay them directly
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11 Real Estate Open House Food and Snack Ideas (+ Recipes) . Move away from spending thousands of dollars on a site you’ll never own and create a platform that establishes you as the go-to realtor in your area today!
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Attorneys for the plaintiffs in the Burnett v. National Association of REALTORS® (NAR) trial introduced their first three witnesses to the jury via pre-recorded depositions: Keller Williams Founder Gary Keller; HomeServices of America CEO Gino Blefari; and NAR CEO Bob Goldberg.
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High interest rates and low inventory means real estate brokers are scrambling to entice home buyers, including by helping with mortgage down payments.
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Mortgage rates are climbing, sending applications lower, as U.S. Treasury yields soar.
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Join Pace Morby on an exclusive behind-the-scenes tour of a San Angelo, Texas multifamily investment property. Acquired on seller finance last summer, this property encompasses six buildings and 43 units. Pace emphasizes the importance of tenant management, discussing the difficulties associated with government assistance programs for housing and how it impacts property management decisions.
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AZ Mountain Lake Realty
October 21, 2023 7:18 AM
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The lawsuit against the NAR, as well as some other large brokerages, for their commission split agreements started this week in Kansas City (the one in
Last week, the NAR announced that they were changing their “participation agreement” to allow the buyer’s commission to be any amount (even $0) in a listing. Some thought that this change could be seen as an admission of guilt. It wasn’t just the NAR that made the change. NYC’s predominant broker organization, The Real Estate Board of New York (REBNY), announced this week that they will now be prohibiting listing brokers from paying the buyer’s agent. Instead, the buyer’s agent will be paid directly by the seller. This change was likely a preemptive move by REBNY to avoid any similar litigation. One of the reasons the defendants of the Siter/Burnett case are not settling is to avoid the copycat lawsuits that will inevitably occur in other jurisdictions.
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October 20, 2023 1:22 PM
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CNBC's Diana Olick reports on the latest existing home sales data. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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AZ Mountain Lake Realty
October 20, 2023 7:09 AM
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When the boomers came of homebuying age, they had to contend with high rates, high inflation, and a crowded market. Sound familiar?
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AZ Mountain Lake Realty
October 20, 2023 7:06 AM
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The study analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers' agents received less attention and took longer to sell.
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October 19, 2023 5:38 PM
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Morning Brew delivers quick and insightful updates about the business world every day of the week from Wall St. to Silicon Valley.
Selling Sunset stars will have to discuss antitrust policy at the all-hands. The Justice Department is reportedly considering legal intervention against the lucrative US real estate commission-sharing system, Bloomberg reported.
Some background for renters: When you sell your house, you’re likely paying 5%–6% of the sale in broker fees, split between your agent and the buyer’s agent. With housing costs popping off, this fee can balloon to roughly $30,000 for a $500,000 house. The National Association of Realtors (NAR), the industry’s lobbying group, requires you to agree to the fee if you list your house on virtually any listing service.
The real estate reckoning. One of two class-action suits against NAR and four large brokerages settled yesterday, requiring RE/MAX and Anywhere Real Estate to pay a combined $138.5 million. But only the DOJ can make sweeping changes. Redfin CEO Glenn Kelman told Bloomberg that if the DOJ were to dismantle the current commission structure, “Half the real estate agents in this country would be unemployed.”—MM
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AZ Mountain Lake Realty
October 19, 2023 5:05 PM
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The second day of the Sitzer/Burnett trial included footage from the depositions of Gary Keller, Gino Blefari and Bob Goldberg.
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AZ Mountain Lake Realty
October 19, 2023 1:35 PM
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300 Ideas to Sell Your Home Faster Free E-Book . Move away from spending thousands of dollars on a site you’ll never own and create a platform that establishes you as the go-to realtor in your area today!
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AZ Mountain Lake Realty
October 19, 2023 10:36 AM
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Sky-high mortgage rates and still-rising home prices have made it harder than ever to afford a home, especially for first-time buyers. The typical buyer needs to earn 15% more than they did a year ago–and wages are only up 5%.
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AZ Mountain Lake Realty
October 19, 2023 7:21 AM
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The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds.
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AZ Mountain Lake Realty
October 18, 2023 5:25 PM
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Watch the Original 30 Listing Challenge Replay: https://youtu.be/OMH5i0UgRxU
Expired Training & Demo: https://vimeo.com/846593547
Weekly Email: http://startmyweeklyemail.com
Scripts: http://rcscripts.com
Text me here: https://my.community.com/rickycarruth
Hit me on IG: rickycarruth
NAR to LOSE 1M Members | Day 1: Sitzer/Burnett Trial: https://youtu.be/JJvvpHtg71Q
Gary Keller Gets "TESTY" in Opening Remarks | Day 2: Sitzer/Burnett Trial
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AZ Mountain Lake Realty
October 18, 2023 1:34 PM
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Watch the Original 30 Listing Challenge Replay: https://youtu.be/OMH5i0UgRxU
Expired Training & Demo: https://vimeo.com/846593547
Weekly Email: http://startmyweeklyemail.com
Scripts: http://rcscripts.com
Text me here: https://my.community.com/rickycarruth
Hit me on IG: rickycarruth
NAR to LOSE 1M Members | Day 1: Sitzer/Burnett Trial
