Trending News: October 2, 2024

US housing turnover rate hits 30-year low while HousingWire questions if mortgage rates could sink below 6% by year’s end. Meanwhile, Anywhere joins Compass’ Robert Reffkin in the push to reform NAR’s Clear Cooperation Policy.

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Show Notes

Anywhere joins push to reform NAR’s Clear Cooperation Policy: Documents obtained by Inman show Anywhere shares some — but not all — of Compass’ concerns with the rule while on Thursday Compass CEO Robert Reffkin reiterated his call to ditch the policy. Read more

US housing turnover rate hits 30-year low as lock-in effect lingers: In the first 8 months of 2024, only 25 out of every 1,000 US homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday. Read more

Could mortgage rates end the year below 6%? Rates are moving toward the low end of the range forecast by HousingWire’s lead analyst at the start of 2024.  Read more

Music by: Gloria Tells from Epidemic Sound

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