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Are rates ever going down?? What about home prices??
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Tune in to this week's episode of "This Week in Real Estate" for the latest news and trends shaking up the industry! We start with a groundbreaking move by NWMLS, becoming the first MLS to reject NAR settlement terms. Find out the implications as a buyer appeals the settlements with Keller Williams, Anywhere, and RE/MAX.
Discover Opendoor's innovative approach with their new mobile truck offering instant offers in Nashville, and get the scoop on the latest shake-ups at RE/MAX with the resignation of their COO.
On the economic front, the Bank of Canada cuts rates to 4.75% and hints at more reductions, while mortgage demand falls for the second consecutive week as the market eagerly awaits Friday’s jobs report. Learn why price drops have hit their highest level in 18 months and what skyrocketing delistings mean for the pricing imbalance.
We also explore why renters are staying put longer, with 1 in 6 now living in the same home for a decade or more. Investor home purchases are up for the first time in two years – what does this mean for buyers? Plus, get an inside look at how $1 spent on an abandoned baseball stadium turned into a $14 million luxury apartment conversion.
Finally, find out how single-family and multifamily production trends are diverging across different geographies, and learn about a new luxury homebuyer perk: an art collection included with the deal.
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