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Many real estate downturns are followed by promises of consumer-friendly process reform and increased attention on affordability.   As with the subprime mortgage crisis, many believed the ongoing buyer commission lawsuits would totally realign how homes traded and agents are compensated. A truly open-market model. Within a year, commissions ticked up and little changed. It’s now been […]

Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports suggested progress in the peace process via Pakistani mediators. Oil prices dropped sharply in response and bond yields followed the move. Bond yields correlate with mortgage rates. When yields are falling, mortgage

A majority of homebuilders are reporting a rise in material costs this summer, with smaller businesses likely to feel the impact of higher prices more significantly.  Processing Content Over 80% of companies surveyed said material prices increased in July compared to the same month a year ago, the National Association of Home Builders noted. The