Real Estate News by RealEstateNews.com
Federal housing leaders want to see 'bold action'. HUD and FHFA executives spoke recently about ways the federal government should get more involved in issues like zoning, mortgages, insurance and appraisals. Robert Davis. November 6, 2024.
First-time homebuyers may not be who you expect, NAR says
7 hours ago · The Q&A-style document is geared at first-time buyers, a category, NAR notes, that can include individuals who have owned a home, just not in the past several years, or who previously bought a home with a spouse but are now making a purchase on their own. Why the definition matters: First-time buyers may qualify for down payment or closing cost ...
Housing Market Decoded: Why are home prices still rising?
Jul 17, 2024 · In many markets across the U.S., home prices have hit record highs this summer. Higher mortgage rates make buying a home more expensive. In July 2021, for example, when average rates were 2.88%, the typical monthly payment on a $400,000 home was about $2,000. At an interest rate of 7%, the monthly payment on a $400,000 home is now almost $3,000.
Agents see a brighter sales outlook ahead - realestatenews.com
Oct 29, 2024 · While 56% of agents surveyed in September reported weaker-than-normal sales in their market, that figure has fallen dramatically from its peak a year ago when 70% of agents reported weak home sales. Additionally, the six-month outlook has improved, with 39% of respondents expecting "good" home sales in the coming months and 48% expecting "fair ...
By the Numbers - RealEstateNews.com
New home sales may have hit a rates-related speed bump. August numbers were down nearly 5% from July, but came in better than a year ago and are still expected to outperform existing home sales in the coming months. Dave Gallagher. September 25, 2024. By the Numbers.
The future of MLS? It's Zillow, says Compass CEO
3 days ago · November 9, 2024. 5 minutes. Key points: The Compass CEO joined top MLS leaders, a Zillow exec and a leading broker in a remarkable panel at NAR NXT. Zillow’s evolution from NAR outsider to insider was on display. “Brokerages should compete on service and price. MLSs should compete on service and price,” said CRMLS CEO Art Carter. BOSTON ...
Homebuyer sentiment is up, but for how long?
Oct 7, 2024 · Homebuyer sentiment reached its highest level in more than two years in September, but that may not last as mortgage rates continue to rise. The Fannie Mae Home Purchase Sentiment Index jumped 1.8 points last month to 73.9, fueled by the expectation that mortgage rates will decline in the next 12 months.. Optimism around rates was at a survey high, according to Fannie Mae, with a record 42% of ...
What agents and brokers can — and can’t — do under new MLS …
Apr 13, 2024 · Agents and brokers cannot work a buyer without a contract that specifies how much the buyer agent may earn, and that agreement must be in place before the agent does any showings. They also cannot accept more compensation than what was spelled out in the original contract. Agents should also continue to speak with the broker or team lead when ...
Trends 2024: Big brokerages are scooping up more deals
Jan 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 ...
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 ...