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An election blowout for Democrats opens the possibility of more scrutiny on (some) real estate companies, while down-ballot shifts could power local proposals for tax relief and rent control....
“While the 30-year rate declined to 7.3 percent, activity is still quite slow,” said Mike Fratantoni, MBA’s SVP and chief economist....
Over 820 brokers wrote letters of support for Open Real Estate, with MLS leaders offering qualified praise as the ambitious initiative gets off the ground....
“If rates fall enough to bring more buyers back, the benefit can be partly absorbed by stronger competition,” says one real estate expert....