
A Decline in Mortgage Rates Gives Buyers $74,000 in Purchasing Power
A new Realtor.com report shows falling mortgage rates increased homebuyers’ purchasing power by $74,000 nationwide in August 2024 compared to October 2023.

A new Realtor.com report shows falling mortgage rates increased homebuyers’ purchasing power by $74,000 nationwide in August 2024 compared to October 2023.

At yesterday’s FOMC press conference, Fed Chair Jerome Powell announced a 50 basis point cut to the federal funds rate, the first reduction since COVID. Here’s a breakdown of his statements about housing.

According to a survey by Clever Real Estate, home sellers who used a real estate agent in 2023 or 2024 made $79,000 more in profit than those who sold without one.

HousingWire reports that attorneys in the Sitzer/Burnett real estate commission lawsuit are seeking one-third of the $679 million settlement from NAR and HomeServices of America.

According to a new Zillow Home Loan analysis, mortgage payments are now lower than rent in 22 major U.S. metros, offering potential homeowners significant monthly savings.

Join this week’s free BAM webinar on September 18, 2024, with Luke Acree of ReminderMedia and The Broke Agent, and learn the top Facebook ad strategy real estate agents can use to generate leads and grow their business.

Theodore “Teddy” Miller, the self-proclaimed “Wolf of West Virginia,” ran a fraudulent real estate scheme with the help of his mother, using TikTok and Instagram to scam investors. If the charges stick, he faces 200 years in federal prison.

According to Realtor.com, Sean “Diddy” Combs has listed his Beverly Hills mansion for $61.5M, just six months after it was raided by Homeland Security as part of a reported investigation.

Zillow’s latest market report shows that lower mortgage rates and rising inventory are improving affordability for home buyers, offering increased negotiating power and more listings to choose from.

New research from Clever Real Estate reveals that more than 50% of Boomers never intend to sell their homes. The study also highlights generational differences in homeownership perspectives and the ongoing affordable housing crisis.

Brad McCallum sits down with Canadian mortgage broker and YouTube expert, Nolan Matthias, to discuss strategies real estate agents can use to build successful YouTube channels, grow their brands, and engage with their audiences more effectively.

As NAR officials prepare for a meeting this week on its Clear Cooperation policy, industry leaders are debating what is also known as the pocket listing ban, with some calling for its removal and others defending its impact on equal housing access.