By the NumbersExisting home sales fall for the sixth time in 2023Sales dipped in August but have been relatively stable on average — though well below last year's levels, reflecting high prices and limited supply.AJ LaTraceSeptember 21, 2023
By the NumbersMortgage rate relief? Not this yearRates inched up this week, and with Fed signals that interest rates will remain “higher for longer,” buyers may continue to face tough options.Dave GallagherSeptember 21, 2023
By the NumbersGet your buyers ready: The best time to buy a house is…Forget the spring and summer rush — home shoppers will have better luck making a deal during the first week of October, according to Realtor.com.AJ LaTraceSeptember 20, 2023
By the NumbersNo rate hikes (yet) as Fed shakes off mortgage ‘lock-in’ effectThe Fed did not boost interest rates at its September meeting but warned that one more hike is likely this year.AJ LaTraceSeptember 20, 2023
TechTech Bytes: News from CubiCasa, Relevate, Direct Offer, DeltaCRMLS adds CubiCasa floor plan app; Relevate ups offerings to Florida's SCAR; FIABCI-USA adds DO audio tour software; Delta Media Group launches new platform.Real Estate News StaffSeptember 20, 2023
BrokeragesPeople on the Move: Christie's elevates 2 execs to presidentFormer president Chris Lim moves into an advisory role, while EVPs Natalie Hamrick and Kevin Van Eck will share the top leadership position. Real Estate News StaffSeptember 19, 2023
By the NumbersHome construction slowed in August as builder confidence fellThe multifamily sector saw the largest monthly declines, but single-family starts were also sluggish as mortgage rates remained high.Dave GallagherSeptember 19, 2023
Featured ReportTrends and policyHousing underproduction in the U.S.A 2022 report finds a deficit in available homes across the U.S.
IndustryMen, it's time to do betterSexism isn't just a societal problem, it's a real estate industry problem. And if anything is going to change, men will have to step up — and speak up.Jay ThompsonSeptember 19, 2023
MLS/Assn'Day of action' brings calls for change to NAR’s doorstepThe NAR Accountability Project and its allies laid out their four-point plan during an event outside the organization’s Chicago headquarters on Monday.Dave GallagherSeptember 18, 2023
TechCompass aims to save agents 'time and money' with AI toolThe brokerage has launched a new ChatGPT-based tool to help agents “accelerate their workflow” by crafting listing descriptions and more. AJ LaTraceSeptember 18, 2023
BrokeragesRE/MAX makes $55 million deal to settle commission lawsuitsThe settlement agreement leaves NAR, HomeServices of America and Keller Williams as defendants with an Oct. 16 trial date looming.Dave GallagherUpdated September 18, 2023
AgentsBuy Side: Seller-paid commissions are a ‘win-win’Marcos Martinez loves helping clients find their dream home, but worries the relationship will get more transactional if buyers are forced to pay commissions.Cheryl Reid-SimonsSeptember 17, 2023
MLS/AssnIn Focus: The biggest challenge for agents and brokers? Too many MLSsFMLS President and CEO Jeremy Crawford believes cooperation and consolidation are key to a healthy and efficient MLS network: “We are all better together.”Amie FisherSeptember 16, 2023
BrokeragesBrokerage Beat: CB gains influencer; E&V, The Agency expand in the West; moreColdwell Banker nabs LA agent with massive social presence; TTR Sotheby's, BHHS Chicago, CB Warburg add agents; RE/MAX gains indie; more.Real Estate News StaffSeptember 16, 2023
By the NumbersAs mortgage rates rise, so does buyer’s remorseCanceled deals impacted nearly 16% of homes under contract in August as elevated interest rates and home prices led to sticker shock for some buyers.Dave GallagherSeptember 15, 2023
MLS/AssnMLS-owned search platform adds South Florida listingsNestfully, a consumer home search site launched earlier this year by the country's two largest MLSs, expands coverage with new listings.Dave GallagherSeptember 15, 2023
BrokeragesEngel & Völkers names new Group CEOCurrent CEO Sven Odia will shift to the role of president as he supports Jawed Barna's transition in November. AJ LaTraceSeptember 15, 2023