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Are home prices FALLING?
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This Week in Real Estate, we will talk about CoStar Group's Q2 revenue surged with $55M from Homes.com bookings—what's driving this growth? We’ll untangle the proposed NAR settlement and its ripple effects on appraisals and agent data transparency. Colorado officials just said no to mandatory buyer agreements; we’ll explore what this means for consumers & the settlement. With mortgage rates dipping, typical monthly housing payments are down, but why are house hunters still waiting? Home prices are climbing at their slowest pace since early 2023, yet the median sales price for existing homes just hit a record high. What’s causing this paradox? Summer's seeing a record number of buyers backing out of deals, and nearly two-thirds of listings are stagnating on the market. We'll discuss the latest trends and strategies. Plus, mortgage demand is plummeting as buyers hold out for better rates, and Biden’s rent cap plan is stirring up controversy among housing groups.
Catch all this and more, today!
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