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Weekly Housing Market Report 9/15/2023 - The latest home and condo market data

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Landmark Jury Verdict Awards $1.8 Billion in Damages Against National Association of Realtors and Real Estate Companies

In a significant legal battle, a U.S. jury has delivered a verdict against the National Association of Realtors (NAR) and several real estate companies, including subsidiaries of Warren Buffett's Berkshire Hathaway. The jury found these entities guilty of conspiring to artificially inflate commissions paid by home sellers to buyers' brokers. This landmark case, which took place in Kansas City, Missouri, has attracted widespread attention for challenging long-standing practices in the real estate industry. The verdict, which ordered $1.8 billion in damages, is set to have far-reaching consequences within the industry. The Jury's Decision: The jury, after a two-week trial, ruled that the NAR and several real estate companies must pay $1.78 billion in damages for their role in artificially inflating commissions. The lead lawyer for the plaintiffs, Michael Ketchmark, has stated that this award will be automatically tripled under U.S. antitrust law, bringing the total damages to...

Mistakes to avoid when selling your home

  For most, your home is the most significant investment you will ever have. To make sure you get the most money for your home, let's go over what to avoid when selling your home. Avoid accepting the first offer that comes your way. In today's market, there is an abundance of homebuyers, making it a seller's market. Therefore, it is essential to list your house on the Multiple Listing Service(MLS). The MLS will syndicate your home listing to hundreds of websites, where 97% of buyers find homes. Other forms of advertisements, like speaking to realtors who have buyers, yard signs, chatting with neighbors, running online ads, can also increase the likelihood of more buyers finding your home listing. Keep personal objects in the home hidden; less clutter can mean more money in your pocket.  When a home buyer is looking for their next home, it is vital to make it easy for them to envision themselves living in the house. Personal photos, religious objects, political propaganda, o...

Homeownership for Veterans: Tribute this Veterans Day

  Christian Buitron Powered by Radius Agent Building Futures for Families and Investors New Home Listings New Condo Listings Investment Listings As Veterans Day approaches, I want to take a moment to honor and express gratitude to those who've served our country. I am highlighting specialized loan programs tailored for veterans, ensuring our Veterans have access to a range of home financing options. Here's a snapshot of some great VA loan products: Veteran Loan Programs VA Loans:  Tailored for veterans, offering up to $4 million with a reduced minimum FICO score requirement of 580, available for primary residences for both purchase and cash-out refinancing. VA Elite:  Designed for VA borrowers with higher FICO scores (640+), providing government rates and pricing for loan amounts from $125,000 up to county loan limits. VA IRRRL  (Interest Rate Reduction Refinance Loan): Streamlining existing VA loans into lower interest rates without requiring an appraisal. Available...