Sun.Aug 27, 2023

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New listings take a hit, possibly due to higher mortgage rates

Housing Wire

Did the recent move in higher mortgage rates impact the new listings data more than normal? I hope this isn’t the case, but we had a noticeable move lower in new listings last week. The Fed spoke at Jackson Hole last Friday but that didn’t move mortgage rates much. Also, purchase applications data took another week-to-week dive. Weekly active listings rose by only 6,618.

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Preparing for the next wave of brokerage M&As

Real Estate News

As real estate companies recover from the market downturn, many firms "will have to either be an active buyer or seller" in the next few years.

Brokerage 182
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Second Mortgage: What It Is & How It Works

BiggerPockets

A second mortgage is a great way to tap into your equity to obtain other investment properties. We'll break down everything you need to know.

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NAR ignores sexual harassment, instills “culture of fear,” dozens of women tell NYT

Housing Wire

The National Association of Realtors (NAR) has ignored numerous sexual harassment complaints , including against its president Kenny Parcell , according to over two dozen women who spoke to the New York Times in a bombshell exposé about the trade group. In all, 29 women described to the Times a culture of fear, intimidation and harassment at the 1.56 million-member nonprofit group and its subsidiaries.

Realtors 370
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Can’t Afford to Travel? Nomadic Matt Says You’re (Probably) Wrong

BiggerPockets

Travel hacking allows you to see the world for less than you spend at home. That’s right.

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New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes

BiggerPockets

New real estate commission lawsuits could change home buying and selling as we know it.

Agents 67