February 2024 Housing Update

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“Don’t wait to buy real estate. Buy real estate and wait.”    ~ Will Rogers, actor  February Continues to Boost Inventory Inventory levels at the end ofFebruary were 25% higher than last year and 176% higher than two years ago thanks in part to sellers bringing listings to the market. Data shows double-digit increases in the number of New Listings for the second consecutive month as sellers brought 4,267 homes to the market. Buyer Activity Up and Days on Market Down Home shoppers were active in February. Throughout the month, they executed contracts on 3,454 home listings. The number of listings pending sale…

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Demystifying the NAR Settlement

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Understanding Its Possible Impact on Real Estate In recent days, the real estate world has been abuzz with discussions surrounding the National Association of Realtors (NAR) settlement . With significant implications for real estate agents, home buyers, and sellers alike, it’s essential to unravel the complexities of this settlement and understand its broader ramifications. Today, we’ll delve into the details of the NAR settlement, exploring its origins, key components, and the potential effects on the real estate industry. Understanding the NAR Settlement: The NAR settlement stems from 2 lawsuits one class action and one filed by the Department of Justice…

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