Sat.Oct 21, 2023

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New listings data unfazed by 8% mortgage rates

Housing Wire

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the last few months. Unlike last year, when new listings data had a noticeable move lower once mortgage rates reached 6%, 8% mortgage rates haven’t had any noticeable impact on the latest new listings data.

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NAR might have more paths to victory in commissions cases

Real Estate News

Defendants presented opening arguments during week one of the Sitzer/Burnett trial. An industry lawyer sees two additional ways they might prevail in court.

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Seeing Greene: Inherited Houses, HELOC Risks, and Our Favorite 2-Star Review

BiggerPockets

About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023.

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Brokerage Beat: News from United, KW, Engel & Völkers, eXp

Real Estate News

United DFW merges with Insight Realty; Keller Williams expands to Curaçao; E&V adds a third shop in coastal Massachusetts; eXp gains Missouri team.

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What Is the Difference Between CID Ownership in a Condo, Townhouse or PUD?

San Jose Real Estate

There’s quite a bit of confusion around the difference between common interest developments (CID) , condominiums, and planned unit developments (PUD). What do these labels mean, and how does anyone know which one is which? Where do townhomes fall in this list? And more importantly, why do they matter? CID, PUD, and Condo: Ownerships Explained Part of the confusion stems from the fact that there are two things to consider: the architecture of the buildings and the type of ownership.