Real Estate News by RealEstateNews.com
WEBTech Bytes: News from Restb.ai, @properties, MetroList and Lundy. Expansion connects Restb.ai’s vision tools to nearly three-quarters of a million MLS members; productivity-focused Pipeline added to @properties “pl@tform.”. Real Estate News Staff. September 13, …
Mortgage rates hovering around 6% — but now what?
WEB1 day ago · And mortgage rates have crept up in the short time since the Fed announcement, according to Mortgage News Daily. It put the 30-year fixed-rate at 6.17% on Sept. 19, up from 6.11% on Sept. 17. Ralph McLaughlin, senior economist at Realtor.com, expects rates to hover around 6% to 6.2% for the rest of 2024, but they could be in the upper-5% range ...
NAR tells buyers they can — and should — negotiate with agents
WEB19 hours ago · NAR tells buyers they can — and should — negotiate with agents. A new guide explains the types of compensation allowed (not an “open-ended amount or a range”), how buyers can ask sellers to pay and when it’s OK to walk away. "Commissions have always been negotiable" has been a common refrain during the lawsuit era of the past year.
Construction activity on the rebound - realestatenews.com
WEB2 days ago · Construction activity rebounded for the most part in August as homebuilders weighed the impact of the expected interest rate cuts. The numbers: Housing starts were up 3.9% year-over-year and up 9.6% compared to July, according to the U.S. Census Bureau.Building permits were also up in August following a sluggish July, reaching their highest level since March — but down 6.5% annually.
Homebuyers share their biggest deal-breakers
WEB1 day ago · Homebuyers share their biggest deal-breakers. A home’s layout and natural light are important, but a new survey reveals what people refuse to give up — and how many of them can stick to their budgets. A new report about homebuyers reveals what they want — outdoor space, laundry machines, lower prices — but the real tea is in the ...
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 ...
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 ...
What to keep in mind as NAR’s ‘remarkable deal’ becomes reality
WEBJul 21, 2024 · What to keep in mind as NAR’s ‘remarkable deal’ becomes reality. A leading MLS lawyer breaks down the settlement that removes offers of compensation from MLSs and requires more robust buyer agreements starting August 17. Attorney Brian Schneider said NAR was “put in a corner,” and it saw the March settlement deal as the best solution.
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.
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 ...