Monthly Archives: August 2024

Mortgage rates are in free fall on a triple whammy of economic news

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Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds. Continue reading →

Average buyer’s agent commission has fallen since NAR settlement

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Redfin’s latest report revealed the average buyer’s agent’s commission percentage has declined in 47 of the 50 largest markets since the National Association of Realtors’ March settlement. However, robust home prices have yielded small gains in commiss… Continue reading →

NYC developer, wife part ways with Greenwich Village home for $21.5M

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The multi-family residence sold on July 31 for $21.5 million. The couple purchased the home in 2011 for $12.7 million.  Continue reading →

How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

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For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported. Continue reading →

High mortgage rates cool down prices in these US metros

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Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to a report from CoreLogic. Continue reading →

Tyler Mount on real estate and life: ‘Authenticity wins’

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Tyler Mount, a three-time Tony award winner and marketing company founder with career billings of $7 billion did not mince words when he talked about the importance of authenticity at Inman Connect Las Vegas. Continue reading →

Rocket says AI helping it grow capacity and keep expenses flat

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With second quarter net income up 28 percent to $178 million, CEO Varun Krishna says Rocket is making “significant investments in data leadership and infrastructure.” Continue reading →

RFK Jr. at ICLV: Homeownership is the engine of the middle class

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The Kennedy family scion and presidential contender also argued Thursday at Inman Connect Las Vegas that democracy depends on people maintaining “a posture of fierce skepticism.” Continue reading →

To mortgage or not to mortgage? That is the question (for brokers)

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HomeLight CEO Drew Uher says he’s glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees value of being in lending “in a very selective way.” Continue reading →