Existing home sales fall for the sixth time in 2023
Sales dipped in August but have been relatively stable on average — though well below last year's levels, reflecting high prices and limited supply.
September 21, 2023
Real Estate News: The latest news for agents and other pros.
- Mortgage 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.September 21, 2023
- Get 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.September 20, 2023
- No 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.September 20, 2023
- Tech 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.September 20, 2023
- People 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.September 19, 2023
- Home 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.September 19, 2023
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- Men, 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.September 19, 2023
- '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.September 18, 2023
- Compass 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.September 18, 2023
- RE/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.Updated September 18, 2023
- Buy 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.September 17, 2023
- In 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.”September 16, 2023
- Brokerage 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.September 16, 2023
- As 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.September 15, 2023
- MLS-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.September 15, 2023
- Engel & Völkers names new Group CEOCurrent CEO Sven Odia will shift to the role of president as he supports Jawed Barna's transition in November.September 15, 2023
