Mortgage Interest Rates DecreasingThe average interest rate for a 30-year fixed-rate mortgage is finally beginning to edge lower, just in time for the spring home buying season. Applications for home financing rose 7% for the week of March 9th-15th, and were 4% higher...
Girls Just Wanna Have EquityThe National Association of Realtors (NAR) recently released their annual Profile of Home Buyers and Sellers for 2024. While most homebuyers were married couples, the next largest percentage (20%) were single women. Single males trailed at...
Pending Sales Plummet in the Southeast, VegasJanuary saw the cancellation of around 14% of homes under contract, especially in Florida and metro areas Atlanta, Las Vegas and Houston.This added up to just over 41,000 U.S. cancelled home-purchase agreements. Stats show...
MLS Prices Outpace Pocket ListingsHome sellers who didn't use a multiple listing service (MLS) collectively "left $1 billion on the table" over the past two years via lower closing prices, according to a Zillow study of 10 million transactions.These homes typically...
Inventory Grows Closer to the Six-Month IdealIf you've been frustrated by lack of housing inventory, this year's trend is good news...new listings are up by 7.4% from February 2024. This is equal to around five months of inventory, up from 4.4 months a year...
Agent Commission UpdateEven if the new NAR commission rules introduced in 2024 didn't affect you, you may be wondering if the average agent commission has changed. A recent survey found that more than 50% of agents are now negotiating commissions with buyers and...
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