RE INFO READ Where are Mortgage rate now!? November 2024 As of November 4, 2024, mortgage rates are as follows: 30-year fixed: 6.90% 20-year fixed: 6.86% 15-year fixed: 6.01% 10-year fixed: 6.01% FHA 30-year fixed: 5.39% Jumbo 30-year fixed: 6.90% Here are some other mortgage rates: 5-year ARM: 7.444% 30-year jumbo: 7.11% 7/6 SOFR ARM: 6.94%  Freddie Mac says that mortgage rates are expected to remain volatile due to the jobs report, the 2024 […]
Uncategorized How Do Presidential Election Years Impact the Housing Market? Some financial experts agree that election years, especially presidential election years, impact the housing market in significant ways, including uncertainty, policy expectations, and consumer confidence. Uncertainty about the election outcome and the resulting political and economic landscape can cause buyers and sellers take a wait-and-see approach on buying and selling. Expectations about policy changes, such as […]
OPINION When mortgage rates go down, would competion go up? You’re right, a drop in mortgage rates can indeed lead to increased competition in the housing market. When rates go down, more people can afford to buy homes, which increases demand. This can lead to bidding wars and higher home prices as buyers compete for a limited number of properties1. Experts predict that if the […]
RE INFO READ Compensation, Commission and Concessions The Aug. 17 deadline to implement practice changes stemming from the National Association of REALTORS®’ The Aug. 17 deadline to implement practice changes stemming from the National Association of REALTORS®’ proposed settlement agreement is quickly approaching. Agents who are REALTORS® need to understand the new rules to best serve consumers while guiding them through one of […]
SHARED ARTICLES ANYWHERE RECEIVES FINAL COURT APPROVAL OF NATIONWIDE SETTLEMENT AGREEMENT IN BURNETT, MOEHRL, AND NOSALEK ANTITRUST CLASS ACTIONS MADISON, N.J., May 9, 2024 /PRNewswire/ — Anywhere Real Estate Inc. (NYSE: HOUS) (“Anywhere”), a global leader in residential real estate (formerly known as Realogy Holdings Corp.), today announced the Company has received final court approval of its nationwide agreement to settle all claims asserted or which could have been asserted by class members against Anywhere in the Burnett, […]
RE INFO READ NAR Does Not Set Commissions Correcting the Record: NAR Does Not Set Commissions March 19, 2024 Media Contact: Suzanne Bouhia 202-383-1050 Following recent inaccuracies in media coverage, including the false representation or suggestion that the National Association of REALTORS® (NAR) requires a standard 6% commission, NAR has issued the following statement: CHICAGO (March 19, 2024) – The National Association of REALTORS® […]
RE INFO READ Pricing Your Home to Sell: Let Market Trends Guide You Pricing your home to sell is a complex calculation that aims to hit the sweet spot: not so high that you dampen buyer interest and sit on the market for months, and not so low that you undersell its value or inadvertently telegraph there’s a structural problem or other reason it’s priced to move. That […]
RE INFO READ Seller concessions have increased in the Mid-Atlantic housing market. SURVEY FINDS SELLER CONCESSIONS ARE MAKING A COMEBACK IN SOME MARKETS A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint. Close to two in five of […]
Don't Miss Our Next Post
Subscribe Now