Today's Headlines - Realty Times
Posted On Tuesday, 26 March 2024 10:56
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Posted On Monday, 25 March 2024 16:47
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Posted On Monday, 25 March 2024 09:52

According to the latest LendingTree survey of nearly 2,000 Americans, 6 in 10 live in a region with their preferred climate. Of those who don’t, 20% say they’re eyeing a move to their preferred climate in the next year. Here's a closer look at our findings.

  • 61% of Americans reside in a region with their ideal climate, with Westerners (72%) and Southerners (67%) the most content. For 37% of Americans, this was by design, meaning they factored in climate when deciding where to live.
  • Among those who don’t live in their ideal climate, 36% cite proximity to family and 26% cite cost of living as what’s keeping them away. 
  • 1 in 5 of those who don’t live in their preferred climate plan to move there in the next year, including a third of Gen Zers. However, 29% of Americans have previously moved for a better climate to later realize they didn’t like it.
  • 39% of respondents who aren’t retired plan to relocate in their golden years to a different climate. Additionally, 32% of retirees have either already made the climate-driven decision to move or plan to do so in the future.
  • 40% say they prefer somewhere with consistent weather, while 34% prefer to experience the four seasons.

You can check out our full report here:

LendingTree's Senior Economist, Jacob Channel, says weather should never be the only factor in your decision about where to live.

"You always want to be sure that whatever area you settle in is affordable to you, and in that same vein, you’ll want to be sure you can work a steady, safe job there. You should also consider factors like how your location will impact your relationships with family, friends and romantic partners, and whether it’ll provide you with enough entertainment or recreational activities to keep you occupied."

Posted On Sunday, 24 March 2024 14:29 Written by

First let me start out by saying I am not an attorney and all the views here are my own opinions based on the public information and conversations I have had with those in the industry. The recent settlement between NAR and the DOJ contains many items that will need to be addressed and dealt with, all before July 2024 if we are to believe the initial reports. That said, there is more information to cover than we can possibly review in a short blog post, but here are some of the highlights I have spotted and will cover more deeply in future posts.

•  This settlement only covers members of NAR and those companies that have completed LESS than two billion dollars in transactions.

•  Since not all agents and companies are members of NAR, they are NOT covered by this agreement, but they likely will be affected by it none the less.

•  This will also impact the local MLS that publish real estate information as to what they can and can’t publish.

•  The outline of this agreement is supposed to be final and in place by July 2024.

•  The main item of change will be the requirement of buyers to pay their own agent compensation or negotiate those fees as part of their offer to purchase.

•  Secondary items are likely to have an impact on agents to represent the value of their fees, the issue of acceptance of sellers to continue to pay for buyer representation, and the likelihood that some buyers will now be blocked from home ownership due to restrictions on the amount or the ability of seller’s concessions toward purchase costs. This will especially impact many VA buyers and those who must use seller concessions to their fullest extent to get into that home.

I am working with real estate and financial professionals to dig deeper into the challenges and potential solutions. I have even reached out to members of congress to see what may or may not be possible to prevent significant disruptions to the home buying process in the future. There is a lot to discuss, if you would like to connect, please reach out: This email address is being protected from spambots. You need JavaScript enabled to view it.

Posted On Monday, 25 March 2024 00:00 Written by
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