Real Estate News by RealEstateNews.com
Veterans could drive homebuying demand in 2025. A recent survey found that while both veterans and civilians are feeling more prepared to buy, veterans are more likely to purchase a home in the next year. Robert Davis. October 18, 2024. Brokerages.
Why teams emerged as a top ‘danger’ to the old status quo
1 day ago · Teams are changing the game — for agents and brokers. The DANGER Report, written by influential industry strategist (and Real Estate News founder) Stefan Swanepoel, called out the rise of teams, both from an agent and broker perspective. For agents, teams held the promise of greater autonomy and personal brand-building as well as business ...
Housing Market Decoded: Can we predict where mortgage rates …
4 days ago · Over the past two years, the average rate on a 30-year fixed-rate mortgage has ranged between about 6 and 7.79%. However, the relationship between mortgage rates and the federal funds rate has become less clear. In early September, the Federal Reserve cut interest rates for the first time in more than four years … and mortgage rates increased.
For one pandemic boom town, balance is returning
2 days ago · October 18, 2024. Austin continues to experience a correction after unsustainable home price growth, but the market appears to be stabilizing. While prices are down 6.6% year-over-year, declines have done little to offset pandemic-era gains, and prices are still nearly 50% higher than in early 2020. Austin Board of Realtors President Kent ...
Rising rates a bummer for buyers, but builders are more bullish
3 days ago · It's now looking like a big bummer for homebuyers. The 30-year fixed-rate mortgage rose for a third consecutive week, according to Freddie Mac, averaging 6.44%. That's up from 6.32% a week ago and significantly higher than the 6.09% average prior to the Fed's 50-basis point interest rate cut. The 15-year fixed-rate also continued to climb ...
Brokerage Beat: New additions at eXp, Real, Coldwell Banker; The …
Oct 12, 2024 · Grant Johnson, Real Brokerage. Johnson has been working in real estate for 30 years, establishing his current team in 2021 with 12 agents. Johnson credits the agents themselves for the group's rapid growth, and says joining Real will help them further expand their business. "Real is in alignment with our culture," he said in a news release.
Buyers backing out of deals in record numbers as market shifts
Jul 24, 2024 · More buyers are backing out. According to the Redfin report, roughly 56,000 home purchase contracts were canceled last month, which Redfin says is more than any other June on record. And the main issue, Redfin researchers and agents suggest, is housing affordability and the steep costs to purchase. "Buyers are getting more and more selective ...
Trends 2024: The 4 main brokerage models, and how they’ve …
Dec 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 ...
Trends 2024: Big brokerages are scooping up more deals
Jan 29, 2024 · Trends 2024: Big brokerages are scooping up more deals. The largest firms are claiming an increasing number of sales, driven in part by fast-growing companies like Compass and eXp. 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.
Top 1000 Brokerages (Mega 1000) by Sales Volume
Highlights. Compass moved into the top spot with $254.2 billion in sales volume, surpassing Realogy Brokerage Group's (rebranded as Anywhere in June 2022) $243.9 billion. HomeServices of America ranks No. 3 with $198.7 billion in sales volume. Collectively, the sales volume of the nation's five largest residential brokerages rose by more than ...