Real Estate News by RealEstateNews.com
EasyKnock takes victory lap after $153K arbitration ruling. The sale-leaseback proptech mired in legal action celebrated a win that absolved the firm of wrongdoing and awarded it over $153,000 for past due rent and fees. AJ LaTrace. October 4, 2024. Sponsored Content.
Housing Market Decoded: Can we predict where mortgage rates …
20 hours 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.
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 ...
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 ...
Brokerage Beat: News from Real, The Agency, ERA, eXp, Coldwell …
Apr 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
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 ...
Brokerage News - RealEstateNews.com
Brokerage Beat: News from eXp, RE/MAX, Real, CB Warburg. eXp adds NY team with 200-plus agents; RE/MAX Key Properties merges with West + Main Homes Oregon; Nicole Reed & Associates gets Real; and more. Real Estate News Staff. …
Mixed market signals: Mortgage rates shoot up, sales trend positive
Apr 25, 2024 · A spate of economic data this week is giving mixed signals about what's really happening during this spring homebuying season. Today, Freddie Mac reported the 30-year fixed-rate mortgage jumped again this week, averaging 7.17% — the highest level since the end of November. A year ago, the 30-year rate averaged 6.43%.
Some good news for homebuyers: Listings are up
Sep 12, 2023 · Key points: The increase in new listings is welcome news for buyers, though overall inventory still remains low. The report noted that the 2023 market peaked around May and June, with more homes now seeing price cuts and fewer homes selling over ask.