Real Estate News by RealEstateNews.com
WEBAgent mood improving post-settlement — a little. Agents are slowly warming up to the new reality in real estate sales, though most still believe the NAR settlement will have a negative effect on the industry. AJ LaTrace. September 28, 2024. MLS/Assn.
A double dose of good news for housing affordability
WEB4 hours 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 ...
The view from California: A 10% jump in home sales next year
WEB1 day ago · The forecast for 2025 is 304,400 sales. This year's projected home sale total is well below three years ago, when it posted 444,500 sales. Prices continue their upward climb: With rising home sales, the association believes home prices will keep rising in California. The forecast for 2025 is a 4.6% increase to a median price of $909,400.
Brokerage Beat: News from ERA, Real, BHGRE
WEB2 days ago · ERA Prime Realty Group was founded by Willie Ray III in 2017; the company affiliated with ERA in 2023. GAP Realty is the third brokerage Ray has acquired since joining ERA. ERA Prime offers mortgage and title services in addition to real estate sales. The team can advise clients on loan origination, property staging and closing services.
Lower rates attract refinancing — are home buyers next?
WEB4 days ago · The 30-year fixed-rate mortgage averaged 6.08%, down slightly from last week's 6.09%. The 15-year fixed-rate ticked up to 5.16%. Applications for mortgages jumped this week, but most of it came from those looking to refinance, according to the Mortgage Bankers Association. MBA's refinance index rose 20% from the previous week …
Redfin ramping up, sees a brighter spring ahead
WEB6 days ago · 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 as 75% and covers nearly all …
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 ...
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 …
Top 1000 Brokerages (Mega 1000) by Sales Volume
WEBHighlights. 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 ...
A wave of housing forecast updates point the same way: up
WEBAug 22, 2023 · With only a handful of months left in the year, real estate market researchers from different segments of the industry have started issuing revised forecasts for 2023 and beyond.