Rates ease as inflation gauge moves in the right direction

Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65 percent in April, and Q1 2024 GDP growth revised downward to 1.3 percent. Continue reading

Proposed law in Cleveland could take 44% of Airbnbs off the market

The law aims to ban all short-term rentals that have minimum stays of 30 nights and require owners to register their rentals with the city. Continue reading

Want a life of luxury? The 10 cities where it’s a relative bargain

Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely. Continue reading

Daniel Daggers on ‘Buying London,’ commission view across the pond

The founder of London-based luxury firm DDRE Global and star of the new Netflix series “Buying London” recently spoke with Inman about the show’s so-far icy reception and how he thinks the commission lawsuit settlements will change the industry. Continue reading

MLSs opt out, work around, push back at new rules: The Download

MLSs rethink rules and develop new policies in the face of upcoming changes to their ability to post compensation information. Continue reading

‘It’s Up to the Women’: The future of real estate is in your hands

With lessons gleaned from Eleanor Roosevelt’s Depression-era book, Rachael Hite offers the pep talk you need to take your future, and the future of the real estate industry, into your own two hands. Continue reading

Bright MLS will allow sellers to offer concessions upon listing

In response to NAR’s proposed settlement, the nation’s second largest MLS will add data fields on June 11 allowing sellers to signal they’re willing to offer buyer concessions when they list a home. Continue reading

Sellers are cutting prices at record pace to combat softening demand

Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin’s latest report. The median asking price declined for the first time in six months to $416,000. Continue reading