Commissions? Meh! Despite all the hype around the NAR commission lawsuit settlement, economists are shrugging and saying, “Meh.” It turns out that the real drivers of the housing market are the usual suspects—mortgage rates, supply, and life events like marriage and kids—not whether your agent’s commission is a smidge lower. So, while real estate pros may need to adjust their business practices, the broader market will continue its rollercoaster ride largely untouched. First-time buyers might feel the pinch, but it’s just another day in the housing jungle for everyone else. (HW)

Less Panic: Mortgage rates have dipped to their lowest point in over a year, sliding to 6.47%—a delightful surprise for anyone avoiding Zillow like it's their ex's Instagram. Thanks to unexpected economic twists, like inflation behaving for once and a less-than-stellar jobs report, rates are dropping faster than your enthusiasm for a weekend house hunt. Homebuyers might save a few hundred bucks a month, just in time for the fall market. (Realtor.com)

Say What: The U.S. housing market is nearing a staggering $50 trillion in value, with the number of trillion-dollar metros doubling from four to eight over the past year. Driven by low inventory and high demand, home values have surged, particularly in New Jersey metros. Millennials have seen significant equity gains, while the Silent Generation's home value continues to decline. Despite falling mortgage rates, the market remains challenging for first-time buyers due to persistent supply shortages and rising prices. (Redfin)

Now, the NAR settlement has made people realize they don’t have to pay their buyer’s agent a big commission. Next, they'll discover that 'sold as is' means the house has free raccoons in the attic. Let’s go!