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?
WEB3 days 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 …
Brokerage Beat: News from eXp, RE/MAX, Real, Coldwell Banker
WEB1 day ago · New York group joins Coldwell Banker. A broker and four agents have decided to join Coldwell Banker Warburg, which is based in New York City. Broker Stanley Ginsberg, who has more than 35 years experience in the Manhattan real estate industry, is joining the firm along with agents Petar Vojvodic, Pia Elbling, Kristina Tichner and Akilah …
‘Unfiltered’: How real estate’s ‘powerful culture’ led to ‘price fixing’
WEB1 day ago · And companies and brokers would compete on the basis of price as well as service." Instead, he argues, "a century of industry practice" has led to "a very powerful culture supporting the lack of price competition." Too many agents, unreadable forms: Brobeck also has thoughts about the low bar of entry for agents — "make it tougher to …
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 ...
Buyers backing out of deals in record numbers as market shifts
WEBJul 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 …
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 …
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 …
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.