National MLS?! + Smaller Homes, Slower Sales & Renters Boom

The housing market is slowing, with homes taking nearly two months to sell—the slowest pace in five years. Meanwhile, a shift in commissions is unfolding, with rates rising slightly for affordable homes and dipping for high-end properties since the NAR settlement took effect. As affordability improves, experts predict 2025 will be a renter’s market, creating new opportunities for those looking to lease rather than buy. Compass is making a major tech play with the launch of “Compass One,” a client portal designed to streamline transactions, while NAR continues its media push with the fifth season of First-Time Buyer. The MLS landscape may be on the verge of transformation, with talks of a national network gaining traction. In other headlines, climate change is reshaping real estate, putting $1.5 trillion in property value at risk, and homebuilders are anxiously awaiting tariff details from Canada and Mexico that could impact costs. Plus, new homes are shrinking—are buyers really looking for less space? And in a wild twist, two wealthy Florida real estate moguls have been denied bail as a judge exposes their fraudulent empire. Tune in for expert insights, bold takes, and everything you need to know about the real estate world this week!