Average monthly mortgage payments top $2K — a new record Over the past five years, the average payment has jumped 44% — and breached $2,000 per month for the first time late last year, according to Realtor.com data. The average monthly mortgage payment ha... See more
Robert Reffkin says he’s not trying to ‘destroy the MLS’ The CIH Chairman and CEO explained why he’s pushing for more choice in how listings are marketed — and questioned the concept of a real estate “industry.” Key points: - Reffkin told an audience of r... See more
Portals are ‘increasingly closing their ecosystem’: Realtor.com CEO Damian Eales is frustrated that the industry is spending so much time on pre-marketing debates — and so little time addressing the housing supply crunch. Key points: - The real estate ind... See more
MRED opens access to all agents — with Compass the first to join The Chicago MLS, which runs a private listing network, is expanding nationwide to give agents “more choices.” It will receive Compass’ full listing inventory. Midwest Real Estate Data (MRED)... See more
Mortgage rates less of a factor for buyers, sellers this year A third of sellers listing this spring have sub-5% mortgages, while most buyers aren’t waiting for rates to drop — spurring market activity, a new survey found. Key points: - Homebuying activit... See more
