Facebook
X
Pinterest
Copy Link
Hello Friends,
- The NAR Settlement is here. I thought this was interesting and good information…
- President and CEO of Anywhere Brands: “I don’t have a crystal ball on how every NAR-affiliated MLS or state association will interpret the legal language in NAR’s settlement. But what I do know is that we all have a choice: You can either seize this moment, or you can be a witness to it. I encourage you to choose the former.”
- Folks looking to buy homes in the next 12 months aren’t big fans of paying the buyer’s agent themselves. Only 10 percent of said they would be open to paying their agent’s fee out of their own pocket.
- 32 percent said they would be open to countering at a higher price if that means the seller covers their buyer’s agent fee.
- Investor purchases of single-family homes rose nearly 7 percent in the second quarter, the biggest increase in two years. Investors bought 1 of every 6 homes that sold and 1 of every 4 low-priced homes that sold. Investor home purchases rose most in San Jose and Las Vegas. Zillow expects home prices to rise around one percent over the next 12 months. Not a ton but much better than DEPRECIATION.
- Housing starts and permits hit lowest levels since June 2020. (CNBC). New homes won’t likely be as available when lower rates start to come.
- American workers haven’t been this worried about losing their jobs in a decade. (Marketwatch) Strangely, that’s good news for mortgage rates.
- Despite lower rates, nearly 60,000 home-purchase agreements were canceled in July. That’s 16 percent of homes that went under contract. Highest percentage of any July on record. High home prices and political uncertainty were part of the reason. (Redfin) So…you weren’t the only one that had a buyer cancel in July.
