Milestone Real Estate Group

Hey everyone in the real estate community! Big news from the FTC that's stirring up the industry—especially for us who’ve been restricted by non-compete clauses before. The Federal Trade Commission has proposed a rule to outright ban non-compete agreements, aiming to increase competition and boost wages for workers across the board.

For the real estate industry, this could be particularly impactful. Non-competes have often been used to lock in talent, sometimes unfairly, making it difficult for professionals to move freely among firms or start their ventures. This change could lead to more dynamic market conditions, better client services, and potentially lower costs for consumers as competition increases.

What's more, this isn’t just about paid employees—the rule covers all sorts of workers, including independent contractors and even volunteers. While there are some exceptions, like non-compete clauses connected to the sale of a business, the overall shift is towards greater worker mobility and fairness.

Though the rule is currently in the proposal stage, it's a significant step forward in the Biden administration's broader competition policy agenda. It aligns with efforts to make the economy more competitive and less restrictive for workers at all levels.

Let’s keep an eye on how this develops, as it could mean big changes for how we operate and compete in the market. It's also a reminder of the importance of staying informed and adaptive in our fast-evolving industry. What are your thoughts on this potential shift?

FTC bans noncompete agreements, making it easier for workers to quit. Here's what to know. Regulators prohibit new noncompetes, which impede millions of U.S. workers from getting a better job.

Does It Make Sense To Buy a Home Right Now?

Thinking about buying a home? If so, you're probably wondering: should I buy now or wait? Nobody can make that decision for you, but here's some information that can help you decide.

What’s Next for Home Prices?

Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and investment and market strategists—what they think will happen with home prices.

In the latest survey, those experts say home prices are going to keep going up for the next five years. They’re not expecting any price declines. Instead, they’re saying we’ll see a 3-4% rise each year.

And even though home prices aren’t expected to climb by as much in 2025 as they are 2024, keep in mind these increases can really add up over time. It works like...



Dave Budny - Milestone Real Estate Group

Does It Make Sense To Buy a Home Right Now? Thinking about buying a home?

Planning to buy a home?

If you are, don't try to time the market. If your finances are in order and buying a home is one of your goals, now might be the perfect time to make a move.

Ready to start house hunting? Drop a comment below.



Dave Budny - Milestone Real Estate Group