The real estate business is changing in ways that affect how consumers find homes, how borrowers qualify for mortgages, and how property owners understand their rights.
This week on From the Rooftops, I'm digging into several housing and real estate headlines that REALTORS® should be watching closely.
One conversation centers on the MLS and the growing use of private or delayed listings. As brokerages experiment with different ways of marketing homes, buyers may need to understand which properties they can actually see and whether the agent or brokerage they choose affects their access to available inventory. For REALTORS®, that brings us right back to transparency, cooperation and our responsibility to the consumer.
There's also a significant development in mortgage lending. FHFA has approved VantageScore 4.0 for lenders originating Fannie Mae and Freddie Mac mortgages, giving us another reason to pay attention to how changes in credit scoring could affect future homebuyers.
Then there's property ownership itself. More than 2,600 landlords are reportedly slated for compensation related to losses stemming from a COVID-era eviction freeze. The legal fight raises a larger question about property rights and what happens when public policy restricts an owner's ability to use private property.
And Washington is talking about housing, technology and affordability. One idea being discussed is whether greater digitization could help address some of the friction and expense involved in buying a home.
These stories touch different corners of real estate, but every one of them matters to professionals who advise consumers about buying, selling and owning property.
What changes when the systems underneath a real estate transaction begin changing too?
Join me Thursday, September 10 at 9:00 AM ET for From the Rooftops. Bring your questions and tell me what you're seeing in your market.
Leigh Brown is a REALTOR®, broker-owner, auctioneer, national keynote speaker, and author whose work helps professionals lead with confidence, communicate with purpose, and build businesses rooted in trust and relationships.
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The real estate business is changing in ways that affect how consumers find homes, how borrowers qualify for mortgages, and how property owners understand their rights.
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Fearlessly real and faith-driven, Leigh Brown is the Disruption Navigator guiding professionals from chaos to clarity with guts, grace, and a good dose of grit.
Fearlessly real and faith-driven, Leigh Brown is the Disruption Navigator guiding professionals from chaos to clarity with guts, grace, and a good dose of grit.
