The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.
Here's the Buzz for the week of April 25, 2024…
The Washington Post published an overview of everything buyers & sellers need to know about forthcoming rule changes in the wake of the National Association of Realtor's proposed $418 million settlement.
Fox Business hears real estate experts urging buyers not to wait as mortgage rates remain high and home prices are expected to rise.
CNBC says the median price of luxury homes just hit an all-time record of $1.225 million, even as the rest of the market struggles with higher rates and low inventory.
Bankrate weighed the likelihood of a real estate crash, as scant inventory keeps prices elevated despite high mortgage rates.
With Investor's Business Daily reporting sizzling inflation data as recently as today, there remains a high likelihood the Fed keeps interests rates (which have a ripple effect on mortgage rates) higher for longer.
While inventory is tight nationally, Redfin does observe a surge in supply that's limiting home price growth in Florida and Texas.
Have a great week.
Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.