A key skill to being a real estate agent is judging a buyer’s mood. So how are consumers feeling on a wide scale? Consumer sentiment dipped slightly in the early days of October 2024, from 70.1 to 68.9, per the latest report for the University of Michigan. This monthly change comes in below expectations; median…
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Above, Tony Delgado Recent changes in the real estate industry have introduced new ways of doing business for brokers and agents. These changes demand strong leadership, transparency and adaptability to navigate the evolving landscape successfully. A fundamental change in the new NAR rules requires buyers to have a written agreement with a broker or agent…
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While a plurality of homebuyers believes that it still isn’t the right time to pull the trigger on homebuying, new data from Fannie Mae shows increasingly positive attitudes towards purchasing a home, primarily due to the recent declines in mortgage rates. The latest Home Purchase Sentiment Index (HPSI) report from Fannie Mae shows purchase sentiment…
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A plurality of potential homebuyers believes that it still isn’t the right time to pull the trigger on homebuying, according to Fannie Mae’s latest Home Purchase Sentiment Index (HPSI). The data highlights a number of troublesome trends, the most eyebrow-raising of which is that respondents’ perception of home-buying conditions continues to linger near its all-time…
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