The NAR Settlement has not been approved yet, but according to the DRE Commissioner, the State of California isn't waiting around - they have already passed a new law! They also noted that 20% of the salespersons did not renew their license last year, so we hopefully...
A slight uptick in the inventory count in the last week - today's sellers aren't quitters! If the election noise starts to settle down, today might be the best day of the year to get a deal! The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM #...
The current market conditions are fascinating. There were 141 NSDCC listings that went pending in October, and 44 of them have already closed escrow! It leaves 133 listings in the pending category so the closed sales in November and December probably won't set any...
Hat tip to Lance! Roam CEO Raunaq Singh has a bold plan to unlock housing affordability: Connect homebuyers with home sellers who have mortgages eligible to be "assumable," enabling buyers to take over the existing mortgage, including its presumably much lower...
The Clear Cooperation Policy isn't going anywhere, at least not for now: The MLS Technology and Emerging Issues Advisory Board opted not to make a recommendation about CCP or take any other action. But they did turn over the feedback they received to the NAR...
NSDCC Monthly Detached-Home Sales, 2024 Last October, there were 140 NSDCC sales with a median sales price of $2,182,500 ($810/sf). This month's final count should be 160+ sales and a median sales price that's +10% above last October! Statistically, the political...
Sounds like a fair compromise to me - if they can get around the construction-defect litigation that seems to come with every new complex. Two-story is preferred vs. three-story: Owning a home has long been a core part of the American Dream. Today, however, there...
Great advice from long-time Compass agent from Atlanta - if the house you just saw isn't a 4 or 5, then forget it immediately: View this post on Instagram A post shared by Glennda Baker Atlanta (@glenndabaker)
What would a frenzy of inventory look like? There has only been a 15% year-over-year increase in the number of homes for sale in 2024, which isn't that noticeable, especially to the casual observer. Plus, the top-quality homes still get swept off the market quickly,...
