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
By the NumbersSellers are feeling confident this springEven as the market has slowed, sellers are optimistic that they can get a good deal on their sale.Dave GallagherApril 17, 2023
IndustryLack of access to small mortgages can stymie homeownershipBuyers seeking small mortgages have been increasingly shut out of traditional lending channels, leaving them with riskier options. Dave GallagherApril 16, 2023
By the NumbersCan California solve its worsening affordability crisis?High prices are nothing new in the Golden State, but an increasingly small fraction of residents can afford a home. Is a turnaround in sight?Dave GallagherApril 15, 2023
BrokeragesBrokerage Beat: News from C21, BHHS PenFed, Christie's, moreCentury 21 gains Long Island firm; Epique opens in Florida; Christie's moves into Lexington; BHHS PenFed launches rev share; Real Title expands to California.Real Estate News StaffUpdated April 15, 2023
BrokeragesTeams on the Move: Compass, eXp, Elliman land new teamsInstagram-favorite Upstate Curious moves to Compass, eXp lands 129-member Kevo Properties team, Giles Group joins Elliman, Compass teams form partnership.Real Estate News StaffUpdated April 14, 2023
AgentsMarket Moods: Stale listings in the West, speedy sales in the EastA new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.Nicole BrodeurApril 14, 2023
BrokeragesRedfin cuts more than 200 positionsThe brokerage's real estate support division was the hardest hit in this third round of layoffs since June.Cheryl Reid-SimonsApril 13, 2023