top of page
  • Writer's pictureChris Mackey

BlueBid Buzz: April 25

The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.

Here's the Buzz for the week of April 25, 2024…

  • The Washington Post published an overview of everything buyers & sellers need to know about forthcoming rule changes in the wake of the National Association of Realtor's proposed $418 million settlement.

  • Fox Business hears real estate experts urging buyers not to wait as mortgage rates remain high and home prices are expected to rise.

  • CNBC says the median price of luxury homes just hit an all-time record of $1.225 million, even as the rest of the market struggles with higher rates and low inventory.

  • Bankrate weighed the likelihood of a real estate crash, as scant inventory keeps prices elevated despite high mortgage rates.

  • With Investor's Business Daily reporting sizzling inflation data as recently as today, there remains a high likelihood the Fed keeps interests rates (which have a ripple effect on mortgage rates) higher for longer.

  • While inventory is tight nationally, Redfin does observe a surge in supply that's limiting home price growth in Florida and Texas.

Have a great week.

Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.


bottom of page