Savvy Home Seller

The 'Lock-in' rate effect has caused 1.3 million homeowners from putting their houses on the market, causing a ripple effect of low inventory and potentially stunting value appreciation. Learn about why these home sellers are choosing not sell, what's the latest news on the national commission settlement, and national Spring market predictions.

Home sellers won big on Friday (March 15th) with a landmark victory against real estate agents across the U.S. The National Association of Realtors agreed to a $418 million lawsuit and to cut seller commissions, saving home sellers thousands of dollars when they sell. I break down what this means to a seller and how this is the biggest change to upset the real estate industry in a century.

The spring housing market is off to a late start this year, as buyers and sellers navigate a landscape of marginally improved interest rates and gradually increasing inventory. Affordable housing continues to be a major challenge for buyers, causing home values in certain areas of the country to slide downward. What's happening with home values? When will more inventory come on the market? What's happening with interest rates? I'll dig into these questions along with a special guest during this week's housing update.

The US housing market continues to struggle as we head into what should be a very busy Spring season. However, low inventory and rising interest rates have cooled the market. I dig into what's REALLY going on in the real estate market and offer my predictions on what lies ahead. [Recorded March 4, 2024]