By the NumbersPending home sales drop to lowest level on recordNationally, pending sales slid 1.5% in October as mortgage rates spiked and buyers retreated.AJ LaTraceNovember 30, 2023
By the NumbersHousing Market Decoded: Why 2023 mortgage rate predictions missed the markA year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.Matthew GardnerNovember 30, 2023
IndustryZillow facing a ‘battle of the titans’ in 2024With Homes.com in investment mode, Realtor.com and Redfin are reshaping themselves in pursuit of the top spot among home search portals, T3 Sixty experts say.AJ LaTraceNovember 29, 2023
By the NumbersMusic City hitting the right note for those looking to moveNashville, which offers a mix of relatively affordable home prices and a low cost of living, made it back onto Redfin’s latest migration destination list.Dave GallagherNovember 29, 2023
By the Numbers2024 will be a better year for buyers — but how much better?Forecasts from Realtor.com and Bright MLS offer varying degrees of optimism, with a split on inventory and an eye on wild cards like inflation and the election.Dave Gallagher, Amie FisherNovember 29, 2023
BrokeragesBrokerage Beat: 'Bachelor' alum, 'agent to the stars' make moves, and more"Bachelor" star takes team to Real; Compass celeb agent expands reach; Christie's nabs Bay Area team; Corcoran Pacific adds owners; The Agency enters Marbella.Real Estate News StaffNovember 29, 2023
TechClosings inch forward as agents navigate title company hackFidelity National Financial, the nation’s largest title company, coming back “office by office” as real estate agents and loan officers find low-tech solutions.Cheryl Reid-SimonsUpdated November 30, 2023
By the NumbersRising home prices push up Fannie Mae, Freddie Mac loan limitsThe 5.5% increase for 2024 “seems like a pretty good indication,” that the Federal Housing Finance Agency expects home prices to keep increasing.Dave GallagherNovember 28, 2023
By the NumbersHome prices spiral upward, worsening affordabilityA collection of reports show that high mortgage rates weren’t enough to dampen price increases as demand continues to outpace supply.Dave GallagherNovember 28, 2023
IndustryGeorgia homesellers file their own commissions lawsuitThe case takes aim at NAR and local as well as national brokerages, while calling out the current system as a way to protect ineffective agents.Cheryl Reid-SimonsUpdated December 12, 2023
Brokerages$5 million bonus for Anywhere CEO has ties to lawsuitsRyan Schneider is being rewarded for his work in landing a settlement in commissions cases and delivering savings in a challenging year for real estate.Dave GallagherNovember 27, 2023
By the NumbersNew home sales tap the brakes, but still going strongDespite robust demand, prices continue to drop. It’s all about elevated interest rates, and builders’ response as affordability remains a struggle.Dave GallagherNovember 27, 2023
MLS/AssnNAR shines a light on ‘cultural transformation’ The themes of diversity, equity and inclusion were present throughout last week’s NAR NXT conference.AJ LaTraceNovember 24, 2023
BrokeragesBrokerage Beat: News from Century 21, RealTwo multi-office Century 21 firms engage in a strategic sale; The Real Brokerage nabs large SoCal team.Real Estate News StaffNovember 24, 2023
By the NumbersBuyers can give thanks for another dip in mortgage ratesApplications increased as 30-year fixed-rate mortgages declined for a fourth straight week.Dave GallagherNovember 22, 2023
TechHack at nation’s largest title company stalls closingsFidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.Cheryl Reid-SimonsUpdated November 30, 2023
By the NumbersExisting home sales take biggest hit of the yearOctober home sales slid 4.1%, representing the steepest single-month decline in 2023 so far.AJ LaTraceNovember 21, 2023
IndustryHomes.com fires back over traffic claims, buyer agency and trustDave Mele, president of Homes.com, previewed his company’s monetization plans and responded to criticisms and allegations from competitors.AJ LaTraceNovember 21, 2023
BrokeragesPeople on the Move: NAR's 2024 leaders take their postsAfter taking on the role of president a few months early, Tracy Kasper joined other officers for their gala moment at the association’s conference.Real Estate News StaffNovember 20, 2023
BrokeragesAnywhere, RE/MAX settlements receive preliminary approvalThe agreements, which cover multiple buyer-broker commissions lawsuits, were deemed “fair, reasonable and adequate” by the judge.Dave GallagherUpdated November 22, 2023