Author: josh
Darryl Davis explains what the settlement is, why it matters and what, if anything, it actually changes about how you do your job. You have probably seen the headlines by now: The National Association of Realtors reached a $52.25 million settlement. Another commission lawsuit. Another big number. Unfortunately, NAR has not been clear, once again, about what this means to you, the individual agent sitting at the kitchen table, so let’s fix that. Here is a plain language look at what this settlement is, why it matters and what, if anything, it actually changes about how you do your job.…
In This Article At a time when property values are faltering around the country, New Jersey is experiencing something unique for a cold, high-tax state: soaring house prices. The Garden State saw 6% price growth in February compared to the same month in the previous year, far outstripping the national average of around 0.5%, according to real estate data and analytics company Cotality’s house price index. In gritty Newark in Essex County, the price growth was even more pronounced, at 6.7%. So what gives? Supply and Demand + Proximity to Manhattan New Jersey stands out for several reasons. There hasn’t…
In This Article If you’ve been fretting about unanswered postings for your vacant apartments, you’re not alone. According to new data from Apartments.com and Realtor.com, the rental outlook has been decidedly mixed over the last year, with the Sunbelt states hit the hardest. Apartments.com shows that the states with the biggest rent declines in March, compared to the same time the previous year, were Fort Myers (-6.4%) and Naples (-4.4%) in Florida, followed by Katy (-3.3%) and Austin (-3.1%) in Texas, and Denver, Colorado (-2.8%). The Northeast, Midwest, and California fared comparatively better, with Chicago (+3.6%) and San Francisco (+7.8%)…
The Iran War is already changing the housing market. Home sales have slowed, mortgage rates jumped back up, a reversal in crucial housing affordability is well underway—and we’re not done yet. Oil prices are causing interest rates to fly upward, and guess what? Gas prices might not go down for another year. Is this the nail in the coffin for the return to a healthy housing market?We’re getting into it all in April 2025’s housing market update.The implications of the Iran War are massive, and we’re feeling it right now. Homebuyers got a glimpse of hope when rates fell below…
The 65-year-old cofounder and former CEO of the world’s largest streaming service announced on Thursday that he won’t stand for reelection to the board at the company’s annual shareholder meeting in June, ending a 29-year run at the company he created in 1997. In a statement included in the first quarter investor letter, the billionaire said he’s leaving to focus on philanthropy “and other pursuits.” He gave shoutouts to co-CEOs Greg Peters and Ted Sarandos, who took full control of Hastings’s executive role in January 2023. “A special thanks to Greg and Ted, whose commitment to Netflix’s greatness is so…
While the industry debates exposure, writes contributor Deb Siefkin, the structure of the market and how buyers find homes is being rewritten. There’s a lot of noise right now about where listings should go. Brokerages, MLS organizations and portals are actively debating how listings should be handled, when they should be shared and who controls their exposure. Most of that conversation is happening among the people who create and distribute listings. But at the same time, something else is happening on the other side of the market. Buyers are changing how they search. The result is a growing gap between…
Buying a home is a big financial commitment, and most buyers will need a mortgage to make it happen. Understanding your monthly payment is a key part of budgeting for life in your new home. In this Redfin article, we’ll break down how much a mortgage on a $300,000 house costs, both on a monthly basis and in the long run. Whether you take out a 30-year mortgage on a house in Houston or a 15-year mortgage on a home in Louisville, find out how much you’ll likely end up paying. How much is the monthly mortgage payment on a…
Key takeaways A standard home inspection usually does not include asbestos testing. Only licensed specialists can confirm the presence of asbestos through proper sampling. If you’re thinking about buying an older home it’s smart to take extra precautions and check for asbestos. Buying a home is a big step, and getting a home inspection can help ease some of the uncertainty by uncovering potential problems. But when it comes to serious health hazards like asbestos, many homebuyers question: Do home inspections check for asbestos? In most cases, the answer is no. Most home inspectors don’t look for asbestos, often because…
Dave:The war in Iran, AI displacement, a confusing labor market, declining consumer sentiment, and higher inflation. All of that made the news in just the last week. It’s a lot and it can be hard to keep up and understand how all of this news and information impacts your business and your portfolio. But you don’t need to be overwhelmed or worried when instead you can be informed and prepared because that is how you navigate and even thrive during uncertain periods. And that’s exactly what we’re going to help you do here today on On the Market. We’re going…
Dubbed Asteria, the 1,500-acres development will include a mix of single-family homes, condos, duplexes and apartments. The Walt Disney Company is stepping further into residential real estate, unveiling new details for a 4,000-home community outside Raleigh as housing supply remains constrained across the U.S. The development, called Asteria, will span roughly 1,500 acres in Chatham County and include a mix of single-family homes, condos, duplexes and apartments. Plans also call for a 55-plus component, adding to a growing share of age-targeted housing within large master-planned communities. Home sales are expected to begin in fall 2027, with move-ins taking place a…