Splits and Caps
@SplitsandCaps
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Providing fun, bite-sized market updates, inspiration, tips and resources to real estate agents. More than 3,500 active newsletter subscribers!
Joined September 2024
Hometown Hoppers. Nearly 3 in 5 buyers are house hunting outside their current city. Why? Because when a starter home costs $1.4M in San Jose, you start Googling “Boise + hiking + fiber internet.”. According to 58.9% of home shoppers are looking. .
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List High, Watch It Die. Home prices are starting to tap out — and 1 in 3 big U.S. markets are already in the red. Here’s the vibe: too much froth, too little fuel. Inventory is up 29% year-over-year, mortgage rates are stuck in the 6%+ zone, and buyers are catching a case. .
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Credit Scores & Copper Wars. Imagine being at a family dinner where everyone argues but no one leaves the table. That’s the Fed right now. Fed Governor Chris Waller is doubling down on his call for a July rate cut, saying it’s not about politics—it’s just that the current. .
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Rebel Alliance. Three of the biggest MLSs in the country — CRMLS (CA), Bright (Mid-Atlantic), and Stellar (FL) — just did the real estate equivalent of a data Avengers team-up. Their new sharing agreement unlocks access to listings across some of the most high-traffic real. .
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Patience Prevails. You can feel it in the air—real estate is in the middle of a standoff, and nobody wants to blink first. Here’s what’s going down:.📷 Homes are sitting longer (median: 53 days on market),.📷 20%+ of sellers are slashing prices,.📷 And nearly half of listings. .
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Marketing Maneuvers. NorthstarMLS just hit “decline” on NAR’s new delayed marketing add-on, saying it does more harm than good. Their take? It creates info silos, confuses sellers, and undermines listing accessibility. Basically, it’s like trying to fix a problem that doesn’t. .
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Pulte vs. Powell. You know it’s spicy when the head of housing finance says the head of the Fed should be fired for cause. That’s exactly what FHFA Director Bill Pulte just did, publicly calling on Congress to investigate Jerome Powell for malfeasance—citing sketchy Senate. .
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Deductions, Deals & DC Drama. The Senate passed Trump’s “One Big Beautiful Bill” — a sweeping tax package that’s basically a real estate lobbyist’s dream journal brought to life. Here’s the TL;DR:. NAR and NAHB are fist-bumping hard — they scored wins on everything from. .
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Clash for Control. So Zillow just pulled a “we make the rules now” move—and Compass is not having it. Here’s the deal: Zillow announced it would stop showing listings that are publicly marketed but not on the MLS. Compass, which probably has a few of those up its sleeve, sued. .
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Pending Perk-Up. Everyone expected spring to fizzle out like flat LaCroix. But May said “hold my housing data” and delivered a surprise: pending home sales actually rose—up 1.8% from April and slightly higher than last year. Cue cautious optimism. What’s driving it?.📷 Wages. .
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