You have heard it at a listing table. You may have said a version of it yourself. “Let’s start it privately. Limited access creates urgency. When buyers cannot have something, they want it more.” The instinct is not crazy. Scarcity does raise perceived value, and that is not folklore. It is one of the most […]
Research suggests hidden listings can reduce bidders and expected price Read More »
Compass International Holdings is adding yet another antitrust claim to its growing legal and regulatory docket. On Wednesday, plaintiffs Peter Castaneda and Haley Gelfand, both New York City renters, filed an antitrust lawsuit against Compass in U.S. District Court for the Southern District of New York. The lawsuit alleges that through its acquisitions Compass International
Antitrust suit claims Compass pullback from StreetEasy raised NYC rents Read More »
For all practical purposes, Friday’s mortgage rates were unchanged versus Thursday’s, but if we’re splitting hairs, the average lender rose 0.01% to 6.77% for a top tier 30yr fixed. While many news outlets continue focusing on the mid-week announcement regarding Treasury’s bond buyback program, today’s bond market volatility was unrelated. Current levels are close to
Mortgage Rates Drift Modestly Higher Read More »