3 things agents should know about new construction buyers
A Realtor.com survey of new home buyers reveals who is buying and what they want from real estate agents — their advocates in the purchase process.
March 1, 2024
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Mortgage rates continue to climb, but it’s not all bad newsThere are signs that inventory is building, which could take some pressure off the market and increase options for buyers who can stomach the elevated rates.February 29, 2024
- ShowingTime+ gives Howard Hanna exclusive access to AI toolZillow’s Listing Showcase product will be available only to Hanna agents in the Cleveland and Pittsburgh metros.February 28, 2024
- ‘We need to do more,’ CEO tells Keller Williams faithfulMark Willis challenged KW Family Reunion attendees to own their full potential and get back on a growth trajectory after a tough year.February 28, 2024
- Compass continues to add agents, improves lossesRevenue dipped, but Compass managed to gain more than 1,000 agents in 2023 and cut losses for the year nearly by half.February 27, 2024
- Home price growth bucked historical norms in 2023Despite market challenges, the Case-Shiller Index was up 5.5% annually in December, exceeding national averages over the past three decades.February 27, 2024
- eXp drops nearly 2K agents in fourth quarter as profits fallThe company said its "decision to offboard a significant number of unproductive agents" in Q4 was offset by "excellent" retention of strong producers.February 22, 2024
- Mortgage rates near 7% are stalling salesInventory is building as buyers stay on the sidelines, but there’s still hope for more activity as the spring shopping season gets underway.February 22, 2024
- MLSs ask court to dismiss Zillow, ShowingTime lawsuitARMLS and Metro MLS respond to “monopoly” claims, contending that its showing management platform leads to increased competition, not less.February 21, 2024
- HomeServices of America dismissed from commissions caseThe Batton 1 lawsuit was brought by buyers, not sellers, and will move forward against NAR, Anywhere, RE/MAX and Keller Williams with fewer claims.February 20, 2024
- CoStar revenue — and Homes.com push — beats expectationsCEO Andy Florance said Homes.com sold $4.5 million worth of new subscriptions to residential real estate agents in the first week after the Super Bowl.February 20, 2024
- How the rise of ADUs is creating new opportunities for agentsAs extra dwelling units become more mainstream, agents can market them as both a revenue source and a lifestyle.February 20, 2024
- 3 top takeaways as the DOJ takes on commissionsThe newest statement from the Department of Justice focuses on one MLS settlement in a specific case but could be a blueprint for the industry as a whole.February 17, 2024
- DOJ to court: Buyers need to set their agents’ compensationA statement of interest filed late Thursday by the Department of Justice savages the proposed MLS PIN settlement, and calls out MLSs for limiting competition.Updated February 16, 2024
- Latest jump in mortgage rates could mean another slow springThe 30-year fixed rate rose to 6.77% this week, the highest level since mid-December.February 15, 2024
- Why Zillow is ready to ‘press down on the accelerator’ in 2024CEO Rich Barton was bullish despite the challenging housing market, predicting double-digit revenue growth this year during a Feb. 13 earnings call.February 14, 2024
- Zillow beat revenue expectations in fourth quarterWhile still posting a net loss, the company reported higher-than-expected revenue from its residential and rental businesses as Premier Agent held steady.February 13, 2024
- Don’t count on rate cuts in the first half of 2024Economists say inflation is not falling fast enough to convince the Federal Reserve to lower interest rates.February 13, 2024
- Almost 20% of Realtors pay for multiple MLSs, but for how long?Commissions lawsuits could accelerate consolidation and evolution — and save agents money, according to a new report on MLSs and Realtor associations.February 13, 2024
- New commissions case filed in UtahNAR and several national and local brokerages are named in the suit — the first copycat commissions case to be filed in the state.February 12, 2024
