Friday, May 16, 2025 6:32:52 PM UTC
Fed Analysis of Commission Rates Ponders ‘Substantial’ Shifts

As nearly everyone has weighed in on the commission issue, with no real consensus on exactly how recent policy changes will affect real estate agent pay, the Federal Reserve (Fed) this week put out its own analysis—concluding like so many others have, that it is too early to make any predictions about the National Association…

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Housing Starts See Diverging Shifts in Single and Multifamily Sectors

Housing starts saw some significant shifts in the single-family and multifamily sectors this month, which economists claim is a reaction from tariffs and other economic issues. The latest data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau found that overall housing starts were up 1.6% in April to a…

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Op-Ed: Confidence or Chaos? What Agents Need to Know When Markets Get Moody

Ever notice how real estate feels like riding a rollercoaster blindfolded? One day, buyers are fired up. Next, they’re frozen. Add in inflation news, election-year noise and the Fed’s mixed signals, and suddenly, even seasoned agents are asking: “What now?” Here’s the thing…market moods are nothing new. But in a world where TikTok headlines hit…

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‘Economic Pressures’ Push Big Annual Jump in Foreclosures

Amidst economic challenges, foreclosure stats across the board have seen a significant year-over-year rise, according to the latest data from property analytics company ATTOM Data Solutions. ATTOM’s Foreclosure Market Report for April found that there were a total of 36,033 properties with foreclosure filings, up slightly by 0.4% from last month and up a whopping…

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Prioritizing a People-First Leadership Mentality

Above: Whitney LaCosta. VITALS: Howard Hanna | Coach REALTORS® Years in business: 71 years Size: 650 sales agents, 20 offices Regions served: Long Island https://www.coachrealtors.com  Whitney LaCosta isn’t sure if it was inspiration or osmosis that led her to a career in real estate. Growing up in a family deeply rooted in the industry, the…

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Okanagan Market Update

Local Residential Real Estate Market Heading In The Right Direction

KELOWNA, B.C. – June 2nd, 2020. Residential sales across the region of Revelstoke to Peachland increased 95% totaling 446 units sold in May compared to April’s 299 unit yet remained down 42% from this time last year reports the Okanagan Mainline Real Estate Board (OMREB).


New residential listings also saw an uptick totaling 1,198, an increase of 49% compared to last month’s new listings. Overall active listings increased 9% over April’s inventory of 3,467 yet remained 16% lower than April 2019’s
inventory of 4,490.


“While we are still in the midst of a global pandemic it is encouraging to see that residential sales are moving at an upward trajectory,” says OMREB President Kim Heizmann, adding that “we are starting to see a return to real estate activity which looks promising for the future, however we remain cautious about predicting future outcomes as many economic factors will have impacts.”


“Virtual tours and alternative technological solutions have ensured that real estate transactions can continue to transpire responsibly.”


The average number of days to sell a home increased from 83 days to 91 days. It is important to note that OMREB reports on all market statistics for the entire Board region and that the indicators will vary depending on home type and sub-region.


Whether you are a buyer or a seller, it’s always a good idea to work with a REALTOR® who will protect your interests on such a significant financial transaction.


More info on the Okanagan Mainline Real Estate Board Here

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Categories:   Kelowna
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