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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 | News/Current 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 | News/Current 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 | News/Current 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 | News/Current 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 | News/Current 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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