By the NumbersFreddie Mac: Mortgage interest rate hits 20-year highThe average 30-year rate crossed the 7% threshold this week, the highest rate since April 2002.Dave GallagherOctober 27, 2022
BrokeragesAnywhere reports 17% revenue drop amid declining home salesCEO Ryan Schneider said the company’s strong balance sheet with a focus on cost reductions allows the company to grow in strategic areas during the slowdown.Linda F. HerseyOctober 27, 2022
By the NumbersWhere are the affordable homes? Scranton tops the listZillow looked at home values and median household incomes to come up with the 10 most affordable markets in the country.Dave GallagherOctober 26, 2022
IndustryPeople on the move: Promotions, appointments and new hiresSee who’s taking on new executive leadership roles across the real estate industry.Real Estate News StaffOctober 26, 2022
BrokeragesCompass founder Robert Reffkin vows: ‘I am all in’At the company’s annual agent event, Compass CEO Robert Reffkin touched on the challenging real estate market, declining stock values and what lies ahead.Linda F. HerseyOctober 26, 2022
MLS/AssnREdistribute’s revenue-sharing plan a 'turning point for the industry'The newly formed data company, a joint venture between Bright MLS and CRMLS, will start delivering content to clients in early 2023.Linda F. HerseyOctober 26, 2022
IndustryZillow announces another round of layoffsThe most recent Zillow layoffs come just ahead of the company's Q3 earnings release.Dave GallagherOctober 26, 2022
BrokeragesRE/MAX CEO Nick Bailey on thriving in a changing economyBailey sees this period as a natural rebalancing, with agents continuing to be front and center: “We’re going to continue to lean into what we are good at.”Linda F. HerseyOctober 26, 2022
By the NumbersHome prices show biggest monthly decline in over a decadeThe latest data from Case-Schiller and FHFA highlights the slowdown's impact on home prices, with the greatest declines in West Coast markets.Dave GallagherOctober 25, 2022
IndustryCoStar reports a double-digit revenue increase for the third quarterApartments.com led CoStar’s earnings during a challenging quarter for the real estate industry.Linda F. HerseyOctober 25, 2022
By the NumbersAs home prices dip, so do profit marginsA new report from ATTOM indicates profit margins are starting to come down as interest rates rise and home sales slow.Dave GallagherOctober 25, 2022
AgentsDuring the pandemic, buyers sought space in the suburbs — do they still?While agents aren't seeing a flood of city-to-suburbs movers, buyers continue to prioritize quality of life, space and flexible floor plans.Alec HarveyOctober 25, 2022
AgentsAgents Decoded: Why I'm hereJay brings his extensive real estate industry experience, balanced perspective, and a love of writing to Real Estate News. Jay ThompsonOctober 25, 2022
MLS/AssnUtah MLS CEO recognized for leadership, innovationBrad Bjelke was recently named the Shuttleworth MLS Executive of the Year for working to build a better marketplace.Dave GallagherOctober 24, 2022
AgentsNo 'easy' button: Success in real estate takes time, effort, moneyNo one should go into real estate expecting a quick payoff, but hard work and a commitment to learn increase the odds of success.Mary BooneOctober 23, 2022
BrokeragesBattle-tested tips for brokers in a challenging marketThis is an uncertain moment, but brokers can lead others to solid ground by taking focused action.Real Estate News StaffOctober 23, 2022
By the NumbersEconomists offer insights on record rate hikesHigher interest rates for home mortgages are continuing to squeeze buyers, but the Fed says their actions are necessary for economic stability.Linda F. HerseyOctober 23, 2022
BrokeragesFlorida RE/MAX broker: ‘Our businesses are up and going again’A southwest Florida real estate broker and business owner reflects on losses from Hurricane Ian and the work ahead, but remains optimistic.Linda F. HerseyOctober 23, 2022
Brokerages‘Focus on a career, not a year’: Gary Keller on working through a downturnKeller sees opportunities for agents and brokers who remain proactive and double down on the aspects of their business that work well.Dave GallagherOctober 23, 2022
MLS/AssnTennessee MLS finds a new path to expansionAfter an initial expansion failure, one MLS has embraced a broker-focused strategy that is starting to pay off.Cheryl Reid-SimonsOctober 23, 2022