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Number of Homes Actively for Sale Up Nearly 36%

Number of Homes Actively for Sale Up Nearly 36%

by Phil Hall | Sep 5, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes actively for sale grew by 35.8% year-over-year in August, according to data from Realtor.com. August marked the 10th consecutive month of inventory growth. For August, active listings grew by 46% in the South, 35.7% in the West, 23.8% in the...
CFPB Issues Warning on Contract-for-Deed Transactions

CFPB Issues Warning on Contract-for-Deed Transactions

by Phil Hall | Aug 14, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has released an advisory opinion and research report highlighting predatory lending concerns related to contract-for-deed home selling. In a press statement, the CFPB warned that contract-to-deed transactions “often have...
Report: Average Commission for Buyer’s Agent is 2.55%

Report: Average Commission for Buyer’s Agent is 2.55%

by Phil Hall | Aug 2, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

The typical home seller pays an average of 2.55% commission to the real estate agent hired by their home’s buyer, according to an analysis of MLS data by Redfin (NASDAQ:RDFN). That’s down from an average of 2.62% in January, two months before the National Association...
Housing Inventory Reaches Post-Pandemic High

Housing Inventory Reaches Post-Pandemic High

by Phil Hall | Aug 1, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The volume of homes that were actively listed for sale in July was up 36.6% year-over-year, according to new data from Realtor.com. July’s inventory level is a post-pandemic high, while the share of listings with price cuts totaled 18.9%, the highest rate since...
Report: Realtors Complain of ‘Stagnated’ Market in Hometown of Trump Shooter

Report: Realtors Complain of ‘Stagnated’ Market in Hometown of Trump Shooter

by Phil Hall | Jul 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Realtors in the hometown of Thomas Matthew Crooks, the shooter who took aim at former President Donald Trump, are reporting a significant slowdown in residential property showings since last Saturday’s assassination attempt. TMZ spoke with multiple realtors...
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