eXp is seeking to position itself as a safe haven for agents worried about navigating the upcoming changes created by the National Association of REALTORS®’ (NAR) settlement, set to go into effect on Aug. 17, speculating that transitioning will be difficult for smaller companies and claiming that MLSs are mulling extremely harsh penalties for agents…
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While there’s no direct correlation between interest rate cuts and mortgage rate dips, per se, both segments saw some positive news this week, with the Fed signaling Wednesday that there will likely be one more rate cut this year, and the 30-year fixed-rate mortgage (FRM) averaging its lowest point since February, according to the latest…
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Compass held its Q2 earnings call on Wednesday, July 31, 2024. During the investor Q&A portion, CEO and Founder Robert Reffkin claimed that NAR’s “clear cooperation” rule is on borrowed time. Clear cooperation requires that REALTORS® list a property on an MLS affiliated with the National Association of REALTORS® (NAR), within 24 hours of marketing…
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ATTOM Data Solutions has published its U.S. Home Equity & Underwater Report, tracking changes in nationwide home equity levels during Q2 2024. The latest report comes with good news: Almost half (49.2%) of mortgaged residential properties in the U.S. were considered equity rich during the second quarter. This is up from the 45.8% in Q1.…
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The National Association of REALTORS® has published new resources to help guide consumers on the impact of the March 15 settlement agreement and support both REALTORS® and consumers as they navigate the changes required by the agreement. “Prior to and throughout the Settlement litigation, NAR has remained committed to protecting consumer choice and transparency, and…
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