What buyer’s agents are being paid in your market

The typical American home seller pays a 2.55% commission to the real estate agent hired by their home’s buyer. That’s down from an average of 2.62% in January, before the NAR settlement was announced in March.This is according to Redfin, which analyzed MLS data of rolling four-week periods through J

Mortgage Rates Down a Full Percent from Recent High

Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.

Redfin CEO reacts to housing market with ’Twilight Zone’ conditions

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down.But what is the alternative if rates don’t come down?“Great question — Plan B is drink our own urine or our com

loanDepot sells MSRs, improves margins in Q2

California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still feeling the impacts of a January cyberattack. During the three-month period, the company increased its volumes and margins while implementing an efficiency program and selling mortgage ser