Weekly Real Estate Hot Sheet: NAR Settlement Insights, Mortgage Predictions & Market Updates| Idaho

Welcome to this week's episode of our real market update, where we delve into the most pressing topics in the real estate world. This episode offers an in-depth analysis of the recent National Association of Realtors (NAR) settlement and what it means for both buyers and sellers in the current market. We also talk about what MBA, Fannie Mae and Wells Fargo predict on mortgage interest rates and give a comprehensive market update that you won't want to miss.

Join us as we break down the recent statements made by the president of the United States regarding the NAR settlement, offering clarity and insight into the implications of these comments. Our experts dissect the settlement's impact on real estate commissions, negotiation processes, and how it could influence home values moving forward.

Additionally, we provide a detailed forecast on mortgage interest rates, helping you understand how the current trends could affect your buying or selling decisions. Stay informed with our market update, where we cover the latest changes and what they mean for you in the real estate landscape.

Key Highlights:

In-depth analysis of the NAR settlement and its impact on buyers and sellers.
Expert predictions on the future of mortgage interest rates.
Clarity on the president's statements about the NAR settlement.
Latest market update with insights on home values and real estate trends.
If you’re thinking about moving to North Idaho be sure to give us a call, shoot us a text, send us an email, or schedule a Zoom call. We’d love to help you make a smooth move to North Idaho!
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00:00 Introduction
01:01 President Biden's Statement on NAR Settlement and Commission Negotiation
05:04 Appreciation in Home Values and the Unlikelihood of Significant Price Decreases
08:31 Local Market Update: Appreciation in Home Values and Increased Inventory
14:31 Forecasted Stability in Interest Rates
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Seth Horst - Idaho Real Estate License: SP52928
📲 Call or Text: (208) 618-4421
📩 Email: Seth@yournorthidahoagent.com

Dave Faller - Idaho Real Estate License: SP52181
📲 Call or Text 208-572-2266
📩 Email: Dave@yournorthidahoagent.com

Eric Boardman - Idaho Real Estate License: SP58741
📲 Call or Text 208-446-9364
📩 Email: Eric@yournorthidahoagent.com

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Each office is independently owned and operated.
Equal housing opportunity
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****Most stats and data come from the following sites and are not based on our opinions:
Great Schools: https://www.greatschools.org/idaho/coeur-d'alene/
Neighborhood data: https://www.niche.com/?ref=places-to-live
Census data: https://data.census.gov/
More about Coeur d'Alene: https://en.wikipedia.org/wiki/Coeur_d%27Alene,_Idaho

***All stats, data, housing prices and anything else mentioned are subject to change and provided merely as examples at the time of recording***
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IREC: https://irec.idaho.gov/consumer/

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