Mortgage rates will close 2025 and 2026 at 6.5% and 6.3%, respectively, up from the previous forecast of 6.2% and 6.0%.
As buyers are signing significantly more agreements, here’s a refresher on the difference between exclusivity and agency.
Some of the updated forms add language for NAR settlement compliance to create consistent language across all forms.
New home sales rose 3.6% in December, ending 2024 higher amid limited inventory, the NAHB said. The median price increased 2.1% overall.
This ruling provides legal clarity for members using floor plans as marketing tools without fear of violating copyright law, NAR said.
Real estate agents should focus on consistent follow-up with current leads, offering value and persistence, rather than chasing new ones to boost conversions.
Is it a Code of Ethics violation when a listing broker does not disclose an accepted offer to a buyer’s broker? Does the obligation to promote the seller’s interest outweigh the duty to treat all parties honestly? Read the answer.
Mortgage rates are near 7%, not the expected sub-6%. Rates could fall if the gap between mortgage bonds and Treasury yields narrows. Fed rate cuts may boost demand.
Florida Realtors Chief Economist: 2024’s biggest changes were the rise in inventory and the widening performance gap between the single-family and condo-townhouse markets.
Consumer sentiment dipped 4% in January, driven by inflation concerns, rising unemployment fears and declines across demographics.
