Today’s report on new home sales printed one of the most surprising results I’ve seen in a while, showcasing significant growth. Now, we should have expected some growth in new home sales, given that mortgage rates have declined recently. In fact, each time mortgage rates have approached 6% since late 2022, new home sales have […]
New home sales shocked, but are these numbers legit? Read More »
A borrower today needs an annual income of just over $90,000 to comfortably afford what is now a nationwide record-high median priced home, according to Attom. That price rose to $375,000 in the third quarter, the property analytics firm said Thursday. Attom based affordability on what it takes to achieve a front-end debt-to-income ratio of
Median priced home requires an income close to six figures Read More »
For many in the multiple listing services (MLS) industry, Monday’s announcement that Compass was acquiring Anywhere served as a wake-up call of sorts. Over the past year, Compass has worked to grow its stockpile of exclusive listings, but many did not consider the Robert Reffkin-helmed firm a serious threat to the MLS structure, due to
Compass-Anywhere deal sparks MLS reckoning Read More »