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One-third of real estate CEO comp is variable, up from 2016

Housing Wire

This is up considerably from 2016, when the last report was published. “A Regional sales managers, general sales managers and office sales managers have a much higher variable compensation — earning bonuses and benefits — than they did when RealTrends published this report in 2016. Breaking down the numbers. Higher base, lower bonus.

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SERHANT. enters Orlando real estate market

Housing Wire

Roughly 10 months since first expanding into Florida , Ryan Serhant’s eponymous brokerage is expanding into its third market in the state. Previously, the brokerage only operated in the Miami and Palm Beach County markets. We’re excited to expand into the Orlando market,” Serhant said in a statement. In early February, SERHANT.

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The housing market is now savagely unhealthy

Housing Wire

To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. One of the critical data lines that I want to see improve this year is days on market.

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Housing starts see biggest increase since 2016

Inman

Housing starts were at a seasonally adjusted rate of 1,631,000 for May — a 21.7 percent jump from April and 5.7 percent higher than the levels recorded in May 2022, according to U.S. Census Bureau data.

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A boom(er) market on the horizon

Housing Wire

Boomer behaivor This, by itself, offers hope for easing the real estate inventory crunch that continues to dampen velocity in the market, along with high interest rates. This could put a significant number of homes, particularly single-family properties, on the market over the next decade.

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Housing Market Tracker: Inventory finally rises

Housing Wire

Can we now say that the housing market ‘s spring selling season is finally underway? The red line is where NAR believes a balanced market is, at six months of supply. As you can in the chart below, the monthly supply data shows we have no forced selling action in the housing market today, unlike the 2006-2011 period.

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Why the private-label market will chill in 2022

Housing Wire

Securitizations backed by jumbo loans and mortgages on residential investment properties have propelled a rebounding private-label market in 2021. Still, the balance of the year looks promising for the private-label market, according to MAXEX. The post Why the private-label market will chill in 2022 appeared first on HousingWire.

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