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- New Co-op Application Review Timelines Take Effect July 28, 2026
- Why Fewer Young Americans Own Homes: It’s About Marriage, Not Just Money
- 47% More Sellers Than Buyers: The Largest Gap in 10+ Years
- From Public Policing to Private Defense: The New Luxury Standard
- How Green Features Boost Home Value and Speed of Sale
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COMPASS Website Traffic Is Growing
COMPASS web traffic was up 6.5% in August, while Christie’s slipped 44.1%, Coldwell Banker Homes was down 2.13%, The Agency was down 39%, Zillow was down 2.31%, Elliman down 3.92% and Corcoran down 1.32%. (Similarweb) 9/10/2024 Our team is part of COMPASS – we are COMPASS!
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Has a Real Estate Agent Ignored Your Online Request?
Nearly half of online property inquiries to agents are simply ignored. A recent survey found that of those who got a response, the median time to hear back was a reasonable 39 minutes. The average time, though, was less reasonable: 8 hours and 17 minutes. (Miami Herald) 9/9/2024
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RENT-Flation VS HOME-Flation
We all know housing is one of the largest costs consumers face: What is the biggest difference between RENT-flation and HOME-flation? RENT-flation costs you more every year, while HOME-flation increases your net worth and equity each year….. (COMPASS)
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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
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Home Price Gains in the U.S. Slowed in June
Home price gains in the U.S. slowed in June as buyers pulled back from the market while listings started to climb. The S&P CoreLogic Case-Shiller rose 5.4% from a year earlier, compared to a 5.9% annual increase in May. (COMPASS)