It looks like the Compass vs. Zillow lawsuit could change the world. A long-time broker/attorney filed his response here, and he thinks Compass has a strong case - and Robert Reffkin added his thoughts in the comment section:...
Wow - the stack of unsold listings keeps rising, and now up to 612! Comparing to recent years: 2022: There were 15 weeks when the number of actives was between 400-500. 2023: Only three weeks when the standing inventory was just over 400. 2024: There were 28 weeks...
Usually, the lowball season is limited to the 4th quarter each year. With the excess inventory today, some buyers will be attempting to get a deal now. Buyers - Where do you start? Getting a deal on a fixer can be counterproductive because of the time and money needed...
Our head cheerleader is back at it. He is predicting that sales and pricing will increase this year, which is optimistic: Here are the local YoY comparisons: It's been a miracle that sales and pricing this year have kept up with the 2024 numbers. Any Fed rate cuts are...
Here's an example of how home sellers can get jammed up by lower sales in the surrounding area and the market turning. During the frenzy, any lower-priced sales nearby were shrugged off by the anxious buyers who just wanted to get any house at any price. Not now. Our...
View this post on Instagram A post shared by Klinge Realty Group @ Compass (@klingerealtygroup)
Compass agent Ben Faber started a discussion: JtR: If you find a halfway-decent home, it will probably be in the first seven days it’s been on the market. It’s when the listing agent goes into full defensive mode and all communication turns vague because they are so...
Everyone is wondering if home prices are going to come down, so the mainstream media is happy to juice the conversation with a sexy headline - which, if you are a casual reader, will make you think that lower prices are on the way. Then they throw in a quote from a...
View this post on Instagram A post shared by Klinge Realty Group @ Compass (@klingerealtygroup) This is my best attempt at the polished, professonal content....
These were my notes that expand on the previous blog post. This is the Market Lull. It’ll go for at least another month or two and for many it might last until January. Hardly anyone knows what to do. Buyers don’t mind waiting longer - they keep hoping that something...
