Are rates going UP or Down?? When will housing affordability return??

this Week in Real Estate

Join us for today's episode as we dive into the latest and most critical real estate headlines. Over 10 million home sellers are being targeted in a massive class-action media blitz. We’ll discuss what this means for the industry and those involved. EXP Realty has made a bold move by halting broker-to-broker compensation, but with some notable caveats—what’s the real story? CRMLS is also in the spotlight for removing key concessions details, impacting transparency in listings. The prospective new owner of REcolorado has received a positive response, signaling potential changes ahead.

Redfin's CEO describes the housing market as being in a 'funk,' with homebuyers hesitant due to election uncertainties. Are million-dollar starter homes becoming the new norm? We’ll examine this growing trend. Homeowners insurance premiums surged 21% last year, with experts attributing part of the increase to climate change. High housing costs are reaching record levels, as reported by Harvard University, while luxury home prices have spiked 9% to an all-time high.

In economic news, the first Fed interest rate cut in years may be on the horizon—what should homeowners and buyers expect? The Minneapolis Fed suggests that optimal inflation policy should largely ignore housing, sparking debate among economists. Despite these challenges, the typical homebuyer’s monthly payment has dropped to its lowest level in four months, signaling improved affordability. Finally, we’ll discuss the growing trend of investor regret as real estate purchases hit their lowest point in two years.

Tune in today for all these insights and more.