economics
Back to News Center “Not in my lifetime” was the response by Dr. Lawrence Yun, chief economist at the National Association of REALTORS® when asked if he expects mortgage rates would drop to 5%. (He expects rates to settle at around 6%.) Yun was the keynote speaker at the 10th…
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Back to News Center A comparison of real estate broker commissions shows year-over-year decreases for both buyer agents and seller agents. In a recent blog, internationally known economist Elliot F. Eisenberg, Ph.D., noted it’s “still very early and the housing market is profoundly weak,” but said evidence shows commissions are…
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Back to News Center REALTORS® reported record-high home prices in 2023, based on sales of existing homes, but also the worst volume of sales since 1995, with severe shortages of inventory being a major factor for the imbalance. Those were among insights shared by Dr. Jessica Lautz, deputy chief economist…
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