Real Estate News by RealEstateNews.com
WEBObjective, in-depth coverage of residential real estate news, data, technology and trends for real estate agents, real estate brokers and executives.
Brokerage Beat: News from Christie's, The Agency, Redfin, more
WEB1 day ago · House is an Arkansas native and top producer who averages $15 million a year in sales volume, according to The Agency. Calah Andelman, who has more than a decade of real estate experience, moved to the region from California, and has a background in customer service and hospitality.
Mortgage rates jump following strong jobs report
WEB1 day ago · A surprisingly strong jobs report sent mortgage rates higher Friday, potentially reversing a trend of stabilizing rates — and increasing borrowing costs for buyers who were finally getting a leg up in the housing market as the homebuying season begins to wind down.. Total nonfarm employment rose by 254,000 in September, significantly higher than August's revised increase of 159,000 ...
Now is the moment to innovate, but tech alone won’t do it
WEB2 days ago · Home sales are at historic lows, brokerages are struggling with profitability, and the NAR settlement has changed the rules for how agents get paid. "It's a little terrifying, right?" T3 Sixty President and CEO Jack Miller told the audience at this week's T3 Tech Summit. "It looks like a challenge, but to me, it's an opportunity."
Buyers are getting ‘a leg up’ for the first time in years
WEB2 days ago · The 30-year mortgage averaged 6.12% this week. That’s up slightly from last week, but significantly lower than a year ago, when it was at 7.49%. Mortgage purchase applications rose 1%, although refinance applications have slowed. Inventory continues to build, giving buyers more choices — and ...
A double dose of good news for housing affordability
WEB5 days ago · A couple of new studies found that affordability is getting better for home buyers — in ways that signal "further relief" ahead as well as a changing definition of starter homes. First American's Home Price Index found that annual affordability improved 4.1% for buyers in August, the first time ...
More Realtors expect an uptick in buyers this fall
WEBWhile no one is predicting a massive wave of real estate activity this fall, agents are anticipating at least a slight increase in buyer traffic over the next three months as …
Trends 2024: Big brokerages are scooping up more deals
WEBJan 29, 2024 · Bigger brokerages, more market share. Production is increasingly concentrated among the nation's largest brokerages. For example, the five largest brokerages increased their sales volume market share by 69.3 percent between 2017 and 2022, larger than any other Mega 1000 segment and more than double the Mega 1000 as a …
Trends 2024: The 4 main brokerage models, and how they’ve …
WEBDec 11, 2023 · Editor's note: Since 2006, the Swanepoel Trends Report has provided in-depth research and analysis to help leaders understand the forces shaping residential real estate.This exclusive series of excerpts highlights each trend featured in the 2024 report, which was released in November 2023. 4 Primary Brokerage Business Models: The traditional way of operating a brokerage company has endured for ...
Real Brokerage revenue up 86% as agent count soars
WEBFew major real estate companies have managed to achieve strong revenue gains in the past year, and none have reported growth in the high double-digits — but not only did …