Trending News: May 3, 2023

Mortgage fee hike kicks in, average real estate commission rates reach highest level in a decade, and housing market drags U.S. economy down (again).

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Show Notes

Housing drags down US economy for second-straight quarter in Q1: Consumer spending remained high while the broader economy slowed, growing just 1.1% in the first 3 months of 2023. Read more

What agents need to know as the complex mortgage fee hike kicks in: Loan-level pricing adjustments — a fee on mortgages — led to widespread misinformation leading up to the May 1 hike. Read more

Average real estate commission rate at highest level since 2013: Commission rates have been slowly rising over the past few years. Read more

Music by: Gloria Tells from Epidemic Sound


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