A federal jury today agreed with the plaintiffs that organizations such as Keller Williams, Berkshire Hathaway HomeServices of America, and the National Association of Realtors had violated the law by conspiring to inflate commission rates. Their attorney then filed...
Many think this won't change much about commissions. They might have to go higher to pay for the damages! A jury in Kansas City, Missouri, sided with a group of homeseller-plaintiffs Tuesday, ruling that real estate’s biggest names participated in a conspiracy that...
The local index increased to 419.08 in August, and is angling towards the all-time high of 427.80 reached in May, 2022. Even if the increases slow the rest of the year, we should get back into record territory by the time the 2024 home-selling season begins. The San...
This was listed for $1,438,000 at the beginning of March, but no takers. They lowered the price to $1,398,000 after two weeks, and then moved down to $1,349,000 a week later (which usually means they weren't getting any traffic, let alone offers). By the end of May,...
How does the current inventory of homes for sale compare to previous counts? NSDCC Active Inventory, Last Week of October: 2016: 962 2017: 805 2018: 1,000 2019: 909 2020: 590 2021: 277 2022: 399 2023: 371 They say you can't predict the future, but let's give it a go....
Could there be trouble brewing under the surface? Are there home sellers scrambling to get out with whatever money they can? Maybe get just enough net proceeds for the family to have a steak dinner at closing? It was like that last time.....but it's different now....
As the local real estate market continues to defy the expectations of most observers, it's natural to wonder, 'who are these buyers?' Here is one story: https://robbreport.com/shelter/celebrity-homes/frances-bean-cobain-house-oceanside-san-diego-1235388535/ They paid...
Here are the two Top 10 lists for the best cities in America! You'll be surprised to see which city took the top spot! 2. San Diego Several years ago, travelers headed to San Diego might have wondered what they would do in the city, besides hitting the beaches. No...
Paying referral fees is a standard practice in the realtor business. Are you thinking of moving to a new town and need an introduction to a realtor there? Your agent here will track one down for you, and that agent will pay them a referral fee, which used to be 20%...
Below is a graphic from a USD publication that shows how many people might do something about high cost of housing here. Unfortunately, the majority of people polled probably weren't the long-time homeowners who find it quite comfortable here and wouldn't consider...
