21% Think It’s A Good Time To Buy A Home (Only!)

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Unaffordable Housing
85% instead, think it’s a bad time! Persistently high housing costs could hurt President Joe Biden in the 2024 election, especially among young, liberal voters who have dropped out of the housing market or are struggling with high rents. Some progressive organizers say Biden and Democrats need to do more to address the issue or else they risk losing voter support from key voting blocs,…

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NAR Membership Declines After Lawsuits, Leadership Changes, and Tough Market

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Realtor
The National Association of Realtors (NAR) is facing its first year-over-year decline in membership since 2012 (when it fell under 1,000,000 members), with nearly 6,000 members leaving in November alone. That’s after years of steady growth. Colorado, Washington, D.C., Maryland, and Washington State experienced the biggest drops in membership. That is concerning for an organization that boasts itself as the “nation’s largest trade association.” NAR…

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Big Banks Lobby Against Tougher Regulations, Support Crypto Crackdown

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Mortgage loans getting more expensive
The chief executives of major U.S. banks are contending that banking regulations aimed at strengthening the country’s financial system will instead harm the economy, making credit tough, increasing the costs of mortgage loans and other bank products. During a hearing at the Senate Committee on Banking, Housing and Urban Affairs, Jamie Dimon, CEO of JPMorgan Chase & Co., the largest U.S. bank, urged lawmakers to…

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The Great Decoupling

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There’s an Earthquake coming up in Residential Real Estate starting from New York In real estate, all eyes on New York City where, starting on January 1, 2024, in arguably one of the most important residential real estate markets in the world, not just in the US, offers of compensation to the buyers’ brokers must come directly, clearly and in writing, from the sellers of…

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Mortgage Rates Early December 2023

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Mortgage Rates December 2023
Rates Mortgage interest rates have been down over the past week, marking the fifth straight week of rates decreasing. This decline is promising for prospective homebuyers who need to buy now rather than wait for more significant drops, though interest rates lowering more will depend on Federal Reserve decisions and other economic factors, most of which are unstable and unpredictable in these times.The 30-year fixed…

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