In September 2024, the Federal Reserve cut its main interest rate by 0.5%, the first big cut in four years. Many people thought this would lower mortgage rates significantly, but the drop has been smaller than expected. Here’s a breakdown of how the Fed’s decision affects mortgage rates and what it means for people looking […]
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Key Take-Aways: BOTTOM LINE We’ve now seen three consecutive months of inventory improvements and decreasing interest rates. These trends could provide the incentive that both buyers and sellers need to get into the market.
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Summary of the Lawsuit A major lawsuit against the National Association of Realtors® (NAR) and several big real estate companies has recently changed how real estate agents get paid. The lawsuit claimed that some practices around agent commissions were unfair. As a result, new rules that affect how agents are compensated when a home is […]
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BOTTOM LINE We’ve seen two consecutive months of inventory improvements, coupled with decreasing interest rates. This could provide the incentive that both buyers and sellers need to get into the market. While we might see a slight dip in the market in November due to the election cycle, there are positive signs that the market […]
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