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Key observations from October • Continued decline in agent movement:   The seasonally adjusted AMI metric for October dropped to 86.2, marking another decrease in agent mobility and continuing the downward trend observed in recent months.  • Factors influencing decline  The Presidential election and the implementation of the National Association of Realtors (NAR) settlement appear to have significantly impacted agents’ propensity to move between brokerages.  • Slight upward adjustment:  September’s seasonally adjusted metric was revised slightly upward, but this adjustment did not reverse the overall declining trend in agent movement.  • Potential for future recovery:   With the election concluded and as the industry adapts to the NAR settlement,…

The rational case for repealing MLS Clear Cooperation rules. Does cc work? Do I benefit from it? Would I like it to stay in place? Yes.  Is it best for consumers, (who anti-trust laws are designed to protect?)  It depends. Are we comparing it to Compass’ gamesmanship ushering in a worst-case scenario where buyers need to go through 20 brokerage websites to see all that’s available? Or are we comparing it to a mature free market where actual competition compels the existing infrastructure to improve by simply opening the door to competition that could disintermediate it? MLS system offers transparency,…

The recent announcement of Donald Trump hiring Elon Musk to co-lead a government efficiency initiative has sparked widespread discussion about its potential impact on industries across the board, including real estate. Lawrence Yun, Chief Economist of the National Association of Realtors, has weighed in on Musk’s focus on reducing government spending and its possible influence on mortgage rates. Will Musk’s efficiency measures lower mortgage rates? According to Yun, reducing government spending could lower the federal deficit, potentially impacting mortgage rates. However, Shallis cautions that the reality may be more complex: “While reducing government spending is a promising initiative, economic stimulation…

The Federal Housing Administration (FHA) announced this week that the Home Equity Conversion Mortgage (HECM) limit for 2025 will be $1,209,750. But reverse mortgage industry analysts who regularly cover developments in the space are split on whether the increase will make a material difference in the trajectory of the business in the new year. The HECM limit is unique when compared to FHA limits that govern Title II forward mortgage lending programs. In the reverse space, there is a single, national limit, as opposed to regional limits in place on the forward side, which are more representative of local property…

This year was a particularly great year for books that seemed long overdue, including monographs on Alexander Girard, Rosario Candela, and Donald Judd — specifically one dedicated to his furniture design. Then there are the photo books for enthusiasts with more niche interests, from Las Vegas (an… More » Source link

New-home construction in the U.S. has focused on single-family and multifamily inventory growth to boost supply and affordability. But StorageCafe found that in 2023, most states overlooked one key solution to the affordability crisis: more inventory of “middle housing.” That revelation comes from a company report released earlier this week. The report used U.S. Census Bureau data to analyze housing inventory changes across 489 cities between 2005 and 2023. StorageCafe categorized inventory changes by housing type — including single-family, multifamily, middle housing, mobile homes, boats, RVs and vans. StorageCafe ranked the top cities for housing inventory expansion across single-family, multifamily…

For the real estate industry, the past eight months of work culminated on Tuesday when Judge Stephen R. Bough granted final approval of the National Association of Realtors‘ (NAR) commission lawsuit settlement agreement. Although many in the industry had their concerns heading into the Nov. 26 hearing, others were quite confident that this would be the outcome. “That settlement is going through,” Marx Sterbcow, the managing attorney at Sterbcow Law Group, told HousingWire earlier this month. Based on Bough’s ruling, which was filed Wednesday, he too felt strongly about granting final approval to the NAR settlement. “In light of the many uncertainties…

Windermere’s Principal Economist Jeff Tucker looks at October’s falling month-to-month new construction numbers. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. In this exclusive series on Inman, Windermere’s Principal Economist Jeff Tucker illuminates the latest stats, reports and numbers to know this week. TAKE THE INMAN INTEL INDEX SURVEY FOR NOVEMBER Number to know: 970K…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. I started my professional career right out of college in customer service/marketing and worked my way up to the director of national accounts for a major lighting company in South Carolina when a life-changing event occurred in 2006. My father died unexpectedly, leaving his small real estate…

Not even a last-minute twist could stop this train, writes University at Buffalo law professor Tanya Monestier, who envisions a long road before the courts truly wash their hands of commissions. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. On Tuesday, a district court judge in Missouri gave final approval to the NAR settlement. For anyone keeping tabs on…