Sun.Sep 10, 2023

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Housing inventory is barely positive heading into fall

Housing Wire

Last week we saw a noticeable decline in new listings and active inventory was barely positive. Does this mean housing inventory has begun its seasonal decline? Here are the weekly numbers: Weekly active listings rose by only 343 Mortgage rates rose from 7.08% to end the week at 7.22% Purchase apps fell 2 % week to week Weekly housing inventory At first glance, it seems we’re now seeing the seasonal active inventory decline since new listings data fell noticeably and active listings slowe

Inventory 512
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Buy Side: Changes to commissions 'would hurt buyer's agents for sure'

Real Estate News

Monika Kaszycka says buyer’s agents already work hard, and they’ll have to prove their value even more if buyers have to pay them upfront.

Buyers 268
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Rate lock volume plummets in least affordable housing market in 40 years

Housing Wire

Rate lock volume fell 1.5% in August, the third consecutive decline as mortgage rates climbed to the highest level in more than 20 years. Overall lock volumes were down 9.5% over the last three months and were 55% below that of August 2022, according to Black Knight ’s August originations market monitor report. “Interestingly, we saw very slight upticks in both cash-out and rate/term refinance locks in August,” Andy Walden, VP of enterprise research for Black Knight, said in a statement.

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10 ways to invest in your agents (so they’re invested in you)

Inman

Although broker Troy Palmquist and DOORA Creative Director Janet Pozos know that brokers expect accountability and investment from their agents, the agents need the same thing from their leaders.

Investing 202
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Can I Roll Closing Costs Into My Conventional Mortgage?

BiggerPockets

Some investors may benefit from rolling closing costs into their mortgage payments. We'll break down this strategy and explain if it makes sense for you.

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Coast FI in 4 Years: Cutting Expenses, Doubling Your Income, & HUGE Savings

BiggerPockets

People spend much of their lives grinding to Coast FI, but the truth is that you’re only ever one big financial swing from achieving your FI goals much faster.

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