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RE Rundown (10/11/20)

Best Cities for First-Time Homebuyers

With mortgage rates at all-time lows and Americans ๐Ÿ‡บ๐Ÿ‡ธ saving more than ever, now may be a good time โฐ for individuals and families ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ง considering homeownership to take a serious look ๐Ÿ‘€ at their options. Buying a home ๐Ÿก for the first time requires significant research ๐Ÿ“š and thought.

US will โ€˜become a renter nation,' says real estate investor

High demand โซ, low supply โฌ and low mortgage ๐Ÿฆ rates have driven up home prices to historic highs this summer โ˜€๏ธ. And for every $1,000 price increase โ†—๏ธ, some 150,000 potential buyers๐Ÿค‘ are priced out of a home ๐Ÿ  purchase โ€” keeping them in the rental market.

Planning For 2020: What An Election Year Means For Home Sales

Presidential elections ๐Ÿ—ณ are an easy scapegoat ๐Ÿ for changes in consumer spending ๐Ÿ›. Uncertainty can, and does, have an impact on growth, but extentย and duration are what matter.ย  As 2020 planning ๐Ÿ“† gets underway, what is the relationship between presidential elections ๐Ÿ‡บ๐Ÿ‡ธ and new home sales?

A Challenge to Real Estate Commissions Gains Ground

Consumer advocates have long criticized โ˜๏ธ traditional real estate commissions ๐Ÿ’ฒ as confusing ๐Ÿคทโ€โ™‚๏ธ and too high. Now, those commissions are coming under increasing legal โš–๏ธ pressure ๐Ÿฅต. A federal judge ๐Ÿ‘ฉโ€โš–๏ธ in Illinois ruled last week that a potential class-action lawsuit against the National Association of Realtors and four major brokerage companies could proceed.

Presidents and Plywood: How the 2020 Election Could Affect the Housing Market

Ready or not, the 2020 presidential election ๐Ÿ‡บ๐Ÿ‡ธ is upon us, and its potential effect on our industry ๐Ÿช should have us all paying close attention ๐Ÿง. Election years typically mean instability in the stock market ๐Ÿ“ˆ as investors tend to be skittish during rocky political environments. That sentiment, unfortunately, trickles down to the housing market. Below are a few key factors we are watching in the upcoming year ๐Ÿ—“.

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