BrokeragesNewer brokerages take top spots in Mega 1000 rankingsSeveral of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass.AJ LaTraceApril 25, 2023
BrokeragesRedfin closes the door on fully remote workCEO Glenn Kelman said working from home isn’t working out for Redfin, which will require HQ employees to spend at least two days a week in the office.Dave GallagherApril 24, 2023
By the NumbersBuckle up: More buyers may be on the wayA new survey from the National Association of Home Builders found a significant increase in the number of adults who plan on buying a home this year.Dave GallagherApril 24, 2023
By the NumbersHousing Market Decoded: Low interest rates were a blessing and a curseBuyers might long for pandemic-era mortgage rates, but economist Matthew Gardner cautions that the "bad & the ugly" impacts outweighed the good ones.Matthew GardnerApril 24, 2023
MLS/AssnThe search for LGBTQ-friendly agents just got easierThe LGBTQ+ Real Estate Alliance recently launched a consumer site that helps potential clients find an agent who understands their needs and challenges.Dave GallagherApril 23, 2023
BrokeragesCorcoran's five decades of female leadershipIn 1973, with a $1000 loan, Barbara Corcoran launched what would become a global luxury real estate company. And it's always had a woman at the helm.Cheryl Reid-SimonsApril 22, 2023
BrokeragesBaird & Warner 'snowbird' agents can follow buyers to FloridaJeff and Joanne Collis, originally based in Illinois, have been building a business in Naples, Florida while also working on deals in the Chicago suburbs.AJ LaTraceApril 22, 2023
By the NumbersYoung buyers are embracing homeownershipA new report found that in 2022, 30% of Gen Z Americans owned a home at age 25, making them a prime source of buyer (and seller) leads.Dave GallagherApril 22, 2023
AgentsHow one agent on Instagram created a $100M sales teamWith an Instagram following of 50,000 and nearly 60 sales so far this year, the Upstate Curious team is taking over the Hudson Valley.AJ LaTraceApril 21, 2023
By the NumbersHomebuying is tough in the U.S. — Canada can relateOur neighbors to the north are also grappling with high prices and low inventory, but "sanity is slowly returning to the housing market."Dave GallagherApril 21, 2023
BrokeragesBrokerage Beat: News from Sotheby's Realty, KWW, ERA, moreSotheby's Realty adds Podium Group; E&V opens in southern Colorado; KWW goes to India; ERA and BHGRE add affiliates; John R. Wood boasts top sales volume.Real Estate News StaffUpdated April 21, 2023
By the NumbersNation’s largest homebuilder brings some heat to a cool springDR Horton, seen as a “heat check” for the housing industry, blew past analyst expectations with its fiscal Q2 profits and offered an encouraging take on spring.Stephanie Reid-SimonsApril 20, 2023
By the NumbersExisting home sales dip a modest 2.4% in MarchHome sales fell only slightly between February and March, but the year-over-year picture illustrates a more significant drop.AJ LaTraceApril 20, 2023
By the NumbersMortgage interest rates jump, ending 5 weeks of declinesShifting market expectations have 30-year mortgage rates on the rise again, hitting 6.39% this week.Dave GallagherApril 20, 2023
By the NumbersOver half of millennials now own a homeMillennials hit a major homeownership milestone in 2022, but they’re more likely to own a home in the Midwest versus pricey cities on the coasts.AJ LaTraceApril 19, 2023
BrokeragesCompass gaining new teams after high-profile departuresAs the market slowed down, some top teams left Compass for greener pastures, but the company continues to grow its agent count and woo new and former teams. Dave GallagherApril 19, 2023
By the NumbersHomeownership builds wealth, but not all groups benefit equallyA recent NAR report found that while homeowners have generated significant wealth via appreciation, gains were uneven across income levels and ethnic groups.Dave GallagherApril 18, 2023
IndustryOpendoor cuts 22% of its employeesThe industry’s leading iBuyer continues its struggle against housing industry headwinds, cutting about 560 employees, mostly in operations.Stephanie Reid-SimonsApril 18, 2023
By the NumbersNew construction slid in March, adding to inventory woesLow inventory has kept home prices high, and builders can’t deliver new homes fast enough to meet the demand.AJ LaTraceApril 18, 2023
TechTech Bytes: News from Constellation1, Elm Street, moreConstellation1 to support E&V websites; Elm Street providing marketing tools to Weichert; Restb.ai partners with Black Knight; LandOnEarth harnesses ChatGPT.Real Estate News StaffApril 18, 2023