By the NumbersMortgage rates reach a new high for 2023At 6.81%, the weekly average for a 30-year fixed-rate mortgage is the highest level seen since last fall, when rates spiked above 7%.Dave GallagherJuly 6, 2023
BrokeragesSteve Baird: Brokerage owners ‘need to focus on what we can control’The Baird & Warner CEO shares how his family business has thrived in a cyclical, sometimes “regressive” industry, and discusses the future of buyer agency.AJ LaTraceJuly 6, 2023
By the NumbersBuyers will pay a premium for walkable communitiesYounger generations are especially motivated by walkability, even if it means paying more, giving up yard space or living in a multifamily dwelling. Robert DavisJuly 5, 2023
AgentsAgents Decoded: 5 ways to uplevel a luxury home showingDiscerning buyers have high expectations, says luxury pro Farrah Brittany of The Agency, who shares tips for creating a memorable showing.Farrah BrittanyJuly 3, 2023
BrokeragesBrokers in Focus: Choosing to merge and retire a brandFacing a contraction of his brokerage business, J. Philip Faranda made a previously "unthinkable" decision. Now he wishes he had done it sooner.J. Philip FarandaJuly 2, 2023
BrokeragesBrokers in Focus: Rethinking a brokerage exit strategyJ. Philip Faranda grew a thriving brokerage business over 18 years. He never considered selling — but then the market shifted. Here's his story.J. Philip FarandaJuly 1, 2023
By the NumbersHousing market's 'about face' upended expectations for 2023Inventory levels aren't following their typical pattern, reversing predictions for the second half of the year.Dave GallagherJuly 1, 2023
MLS/Assn'Mounting pressure' on industry as MLS agrees to settle commission suitMLS PIN has agreed to pay $3 million and stop requiring sellers to offer buyer-broker compensation, a practice at the core of two other major lawsuits.Stephanie Reid-Simons, Dave GallagherUpdated July 11, 2023
BrokeragesHanna CEO chooses 'disruptive' path to retain listing controlHoby Hanna recently made waves by pulling listings from IDX — a move that effectively keeps Howard Hanna Real Estate listings off of competitors’ websites.Dave GallagherJune 30, 2023
BrokeragesBrokerage Beat: Growth at United, The Agency, Christie's, Corcoran, eXpUnited franchise and indie firm merge in AL; The Agency opens in NC; Christie's moves into Belgium; Corcoran acquires Jersey Shore firm; PA team joins eXp.Real Estate News StaffJune 30, 2023
By the NumbersPending home sales fell, but a summer bump is still possibleNAR's Pending Home Sales Index for May showed national declines but significant gains in the Northeast.Cheryl Reid-SimonsJune 29, 2023
By the NumbersMortgage rates tick up as economy continues to show strengthThe 30-year fixed-rate mortgage averaged 6.71% this week, snapping three straight weeks of declines.Dave GallagherJune 29, 2023
MLS/AssnNAR and its president accused of racial, sexual discriminationA former employee has filed a lawsuit alleging she was unfairly fired after ending a relationship with National Association of Realtors President Kenny Parcell.Cheryl Reid-SimonsJune 28, 2023
IndustryAssumable mortgages: Low rates, but it’s complicatedBuyers can save a ton of money by assuming a mortgage on a home purchased a year or two ago at ultra-low interest rates, but the process can be tricky.AJ LaTraceJune 28, 2023
IndustryZillow shutters closing and title divisionIn an email to clients, the company announced it is ending Zillow Closing Services because it isn’t the “tech-forward and integrated product” customers need.Dave GallagherJune 28, 2023
BrokerageseXp CEO reveals Homes.com talks and new twist on recruitingGlenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.AJ LaTraceJune 27, 2023
By the NumbersIt’s a good time to be selling (and buying) new homesNew home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.Dave GallagherJune 27, 2023
By the NumbersHome prices are on the reboundThe latest Case-Shiller Index found that after falling in the second half of 2022, home prices have been trending up since January.Dave GallagherJune 27, 2023
TechWant more pizzazz in your listing? Zillow's latest tool aims to deliverListing Showcase, a ShowingTime+ product, is designed to provide a more "immersive" experience for buyers and give listings agents an edge.Dave GallagherJune 27, 2023
TechNew platform allows agents to add hyperlocal data to websitesNeighborhood Navigator, created by property data company ATTOM, gives real estate professionals a new way to provide clients with detailed community info.Dave GallagherJune 26, 2023