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Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. These local MLS broker marketplaces work in favor of consumers every day.

MLS 454
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Housing construction picked up in September, but developers are getting anxious

Housing Wire

Department of Housing and Urban Development and U.S. Despite the uptick last month, builders are becoming increasingly anxious about persistently high mortgage rates and cooling demand,” Lisa Sturtevant, chief economist at Bright MLS , said in an emailed statement. Census Bureau data. below the September 2022 rate of 1,463,000.

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Proptech Job Opportunity: Director of Strategy and Business Development at Bright MLS

GeekEstate

We have a job opportunity to share from a member of GEM Diamond, Bright MLS. Company Description Bright MLS is the engine that powers the real estate market in the Mid-Atlantic U.S. Financial Oversight – Work with finance and accounting teams to ensure budget planning and accounting procedures align with Bright’s policies.

MLS 67
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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

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Optimal Blue PPE adds investor content from 54 state-based HFAs

Housing Wire

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). With the Optimal Blue PPE’s extensive network of HFA content, lenders using the platform will now have access to more diverse financing options for their clients.

Investor 306
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US housing market is now worth a record $52 trillion: Zillow

Housing Wire

Builders have been adjusting to the shifting market by lowering prices, and also by offering concessions, upgrades, and relatively more attractive builder financing,” Bright MLS Chief Economist Lisa Sturtevant said on Tuesday regarding new home sales. Part of the price drop has been a shift to sales of smaller, less expensive homes.”

Marketing 497
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DOJ will intervene in NAR’s commission lawsuit settlement: KBW analysts

Housing Wire

“In particular, we believe it is likely that the DOJ will now look to intervene in the recent NAR nationwide settlement agreement in order to close any loopholes/workarounds, such as off-MLS compensation offers, and ensure more impactful changes to commission policies,” the note read.

MLS 457