Real Estate News by RealEstateNews.com
WEBHome prices also will increase, with the median at more than $900,000, C.A.R. predicts. But the recent drop in mortgage rates may help would-be buyers. Dave Gallagher. September 29, 2024. Industry.
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 ...
Buyers are getting ‘a leg up’ for the first time in years
WEB2 days ago · The 15-year mortgage rate averaged 5.25%, up from last week's 5.16%. While rates remain relatively low, Mortgage News Daily has noted an upward trend over the past few days, putting the average 30-year rate at 6.26% for Oct. 3. The recent rise can be attributed to a number of factors, said Sam Khater, Freddie Mac's chief economist.
Now is the moment to innovate, but tech alone won’t do it
WEB1 day ago · Now is the moment to innovate, but tech alone won’t do it. “We need people who are more ambitious,” real estate leaders were told at this week’s T3 Tech Summit. And they need to be ready to go deeper with AI. Home sales are at historic lows, brokerages are struggling with profitability, and the NAR settlement has changed the rules for ...
A double dose of good news for housing affordability
WEB5 days ago · September 30, 2024. 3 minutes. 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 that's happened ...
Redfin ramping up, sees a brighter spring ahead
WEBSep 24, 2024 · The Redfin Next program is scheduled to go nationwide on Oct. 27 — faster than originally planned — to make sure it can ramp up for the spring 2025 homebuying season. Aleem said Redfin expects to add "hundreds" of new agents in the coming months because of the program, which offers splits as high …
Brokerage Beat: News from Real, The Agency, ERA, eXp, Coldwell …
WEBApr 6, 2024 · The Real Brokerage adds 13 offices from U.S. and Canada in March. The Real Brokerage Inc. added 13 high-performing offices during March. Three of the brokerages – F3 Home Team of Jacksonville/St. Augustine, Florida; River City Elite Properties of Richmond, Virginia; and the Nussbaum Team of New Jersey – all topped $100 million in sales in 2023. Real has more than 16,000 agents throughout ...
Trends 2024: Big brokerages are scooping up more deals
WEBJan 29, 2024 · Not only is an increasing share of sale volume concentrated among the largest brokerages, but the latest data shows that the biggest players also complete a growing share of transactions. The 1,000 largest brokerages accounted for 45.0 percent of all transactions in 2022, up from 36.3 percent in 2017. Moreover, the nation's 100 largest ...
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 ...
Newer brokerages take top spots in Mega 1000 rankings
WEBApr 25, 2023 · Several of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass. Compass has taken the top spot for the third year in a row, with a 2022 sales volume of $228 billion. Anywhere Advisors, HomeServices of America, eXp and Douglas Elliman rounded out the top five.