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U.S. Departments of State and Housing to Shrink D.C. Real Estate - Commercial Observer
Ask the Newsmakers: Succeeding in Today’s Luxury Market
Above: Liz Hogan, Michael LaFido, Riezl Baker, Michael Altneu Working with affluent buyers requires a unique set of skills and knowledge—and a commitment to go above and beyond to ensure that high-net worth clients get the personal, hands-on experience they’re looking for. With continued growth expected in the luxury sector through the remainder of 2024…
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‘Fix-and-flip’ loans are going mainstream with investors
REPORT: Mid-Atlantic Housing Market Moving Toward Balance
There are signs that the market is gradually heading towards more balance across much of the Mid-Atlantic, according to new data from Bright MLS. The Bright MLS July 2024 Housing Report found that new listings are up 5.5% year-to-date, much stronger than 2023. That the number of new listings is higher than the number of…
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Alexanders left to pick up pieces of Official after other co-founders exit
Gary Keller’s advice for navigating recession, commission confusion
Amazon debuts trio of tiny homes in face of home affordability crunch
Report: 89% of Metros Saw Home Price Gains in Q2 2024
The National Association of REALTORS®’ (NAR) latest quarterly report shows that in Q2 2024, single-family existing-home sales prices rose in 89% of metro areas measured—a whopping 199 out of 223 metros measured by NAR—down from 93% in Q1. According to the report, the national median single-family existing-home price also rose, spiking 4.9% from last year,…
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Housing Market Outlook: What to Pay Attention to in Uncertain Times
In an upcoming keynote presentation at RISMedia’s CEO & Leadership Exchange, Bright MLS Chief Economist Lisa Sturtevant will provide an update on economic and housing market trends as we head into the last quarter of 2024. Sturtevant will discuss the key factors we need to watch in order to better understand where the market is…
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Communicating Agent Compensation Offers Remains Unclear Among Smaller Brokerages, MLSs
The National Association of REALTORS®’ (NAR) new rules on offers of agent compensation kick in August 17. That’s when offers of agent compensation can no longer be included with listings on the Multiple Listing Service (MLS). Additionally, buyer agents must have written buyer representation agreements in place before taking their buyer clients to tour homes.…
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Home prices grow in 90% of metros as Silicon Valley breaks $2M ceiling
Brokers Sue NAR, Local Associations Over MLS Membership Requirements
Not homesellers, not homebuyers, not the Department of Justice (DOJ), but real estate agents themselves are now suing the National Association of REALTORS® (NAR) for alleged conspiracy and antitrust behavior, focused on the requirement that agents join NAR and local REALTOR® associations to access the MLS. Filed yesterday in federal court in Michigan by two…
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