Will a fall rate cut kick-start home sales?
The Fed is expected to cut rates in September, which may spur buyer activity — but after Canada’s central bank cut rates for the first time in June, sales fell.
July 16, 2024
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- United, HomeSmart reach deals in commissions caseThe two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.Updated July 16, 2024
- Arizona Realtors unveils new forms that are ‘to the point’The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.July 15, 2024
- Brokerage damage amounts revealed; NAR request deniedSettlement details and dates have been set for Compass, Real, Douglas Elliman, Realty One and @properties, but NAR hit a roadblock in its fight with the DOJ.July 12, 2024
- Rate cuts are looking more likely — but not quite yetMortgage rates dipped this week, and the latest inflation and jobs data increase the chance of a rate cut in September.July 11, 2024
- Inventory keeps rising — will more listings mean more sales?Supply is well above last year’s levels, but lower mortgage rates will be key to luring buyers into the market.July 10, 2024
- New MoxiWorks CEO poised to disrupt real estate techEric Elfman took the helm at the proptech giant in June and is ready to take on competitors, go deeper with AI and “get back to customer-centricity.”July 9, 2024
- Court sets deadline for appeals in brokerage settlementsA status update in the 5-year-old Moehrl case says any objections to the deals must be filed next month, while HomeServices continues to hash out its agreement.July 8, 2024
- Consumers are (slightly) more optimistic about buying a homeBucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.July 8, 2024
- Mortgage rates back up after 4 weeks of declinesWith average rates approaching 7%, it’s still a tough housing market — but there are signs it may be easing.July 3, 2024
- New efforts to derail brokerage settlements, dismiss buy-side caseAnother group of plaintiffs has filed an appeal in the RE/MAX, KW and Anywhere settlements, while the brokerages offered new arguments for dismissing Batton.July 1, 2024
- Little chance of an inventory explosion this yearATTOM’s midyear review looks at where housing supply is headed along with what to expect with home prices and foreclosures.July 1, 2024
- Zillow and Redfin accused of violating user privacyA California lawsuit alleges that the home search portals used tracking technology to gather and share data without consent.June 29, 2024
- More commissions cases paused ahead of November hearingTwo cases involving REBNY as well as the Nosalek case are now on hold, but a Pennsylvania case will move forward — and so will MLS PIN.June 28, 2024
- The housing market is 'stuck' — maybe for a whileWhile interest rates continue to edge down, sales have not picked up heading into summer: “This will take many years to work itself out.”June 27, 2024
- New home sales plummet, but prices barely budgeMay sales were well below April numbers and down 16.5% year-over-year, a sign that builder incentives may not be enough to overcome high rates and prices.June 26, 2024
- Brokerages ask court to dismiss buy-side commissions caseThe five defendants in Batton 2 — Compass, eXp, Redfin, Weichert and United — filed a joint motion, arguing that the claims are untimely and lack merit.June 25, 2024
- Engel & Völkers settles in commissions caseThe global brokerage reached an agreement with home sellers last week, according to a court filing.June 24, 2024
- Judge issues stay in MLS PIN caseThe plaintiffs argued that the proceedings should move forward, but the DOJ wants to delay approval of the deal — and the judge appears to have been swayed.Updated June 25, 2024
- Freedom Mortgage hit with $4 million fineThe company, which has been dubbed a “repeat offender” by regulators, faces another penalty for submitting inaccurate loan data.June 18, 2024
