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What Does A Listing Agent Do?
A listing agent, also known as a seller’s agent, represents the seller in a real estate transaction. Here’s a breakdown of their key responsibilities: In essence, a listing agent’s role is to market the property effectively, negotiate on behalf of the seller, and facilitate a successful and smooth transaction from start to finish.
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30-Year Fixed-Rate Mortgages Falling
30-year fixed-rate mortgages are at 6.35% as of Aug. 29 compared with 6.95% as of July 4. (Bloomberg) 9/5/2024
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Rents and Inflation in the U.S.
Since 1980, rents have risen 1.27% faster than inflation in the U.S. (COMPASS) 9/4/2024
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Higher Interest Rates Have Been a Curse for Housing
Higher interest rates have been a curse for housing: Across the country some rental-construction projects are getting stalled, as developers struggle to obtain the financing needed to complete them. In July, the annual pace of multifamily-building starts was down 22% from the same month a year earlier. This slowdown could trigger worse shortages….and rising rents! Construction was
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Housing Costs – the Biggest Portion of Our Budgets
Housing costs represent the biggest portion of most of our budgets. They also represent almost a quarter of the increased cost of the American Dream in the past decade, or $25,104…..up almost DOUBLE in 10 years. Over the past decade, the American Dream now costs 36% more, or an additional $47,000. The good news: The median