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A sub-7% mortgage rate brings holiday cheer

Housing Wire

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement. One LO said he quoted an FHA borrower at 5.7%.

Mortgage 477
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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

We found that more than 99% of new listings in March included offers to pay the buyer’s agent. Furthermore, more than 96% of all listings included offers of 2% or more, and more than 67% are offering to pay 2.5% or more. “For million to 5.6 million homes in 2026,” Reffkin said.

Agents 361
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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. million and that funds will be only distributed to “qualifying settlement class members who submit an approved claim form,” which much be submitted by May 9, 2025. What do the postcards say? she asked. “It

Agents 401
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Where are home prices headed this spring?

Housing Wire

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. More sellers means more sales will happen. New listings Each week this spring we’ve been tracking the new listings volume. A year with 5.5

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How this week’s Fed meeting could impact inventory

Housing Wire

New listings Last week, 59,000 new single-family listings came to market. New listings volume continues to run ahead of last year and we see more sellers than last year. In fact, last week, after including the 16,000 immediate sales, there were 24% more new listings than the same week a year ago.

Inventory 408
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Japanese builder Sekisui House to acquire MDC for $4.9B

Housing Wire

“It will also allow us to achieve our goal of supplying 10,000 homes outside of Japan by fiscal year 2025, ahead of our initial expectations.” ” Sekisui claims it has delivered over 2.62 million homes worldwide through several brands, including Woodside Homes, Holt Homes , Chesmar Homes and Hubble Homes. That’s a 1.2%

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A soft landing for the real estate market. What’s next?

Housing Wire

Sellers have not materialized, and buyers have been buying everything that becomes available. The peak of inventory for 2023 so far was the week of the New Year — that is insane. We could see inventory from distressed sellers emerge in 2025. I’ve been watching the price of the new pending sales each week.