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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. million to 5.6

Agents 347
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How analysts see 2024 shaping up for mortgage lenders

Housing Wire

. “We’re not saying 2025. The macro challenge: Still not much inventory Analysts unanimously agree that inventory will continue to be a significant issue entering 2024. The macro challenge: Still not much inventory Analysts unanimously agree that inventory will continue to be a significant issue entering 2024.

Mortgage 496
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Is it really the worst time ever to buy a house in the U.S.? 

Housing Wire

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So what is the issue here?

Inventory 370
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Is it really the worst time ever to buy a house in the U.S.? ?

Housing Wire

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So what is the issue here?

Inventory 370
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Are home prices about to fall?

Housing Wire

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years.

Inventory 545
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Zillow execs imagine a world without buyer’s agency

Housing Wire

Zillow’s financial results Despite a slower residential housing market environment caused by rising mortgage rates and low housing inventory, Zillow Group still managed to record an annual increase in revenue in the third quarter of 2023. It’s a year of execution as we prepare to scale in 2024 and 2025.

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Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. trillion in 2025, according to forecasts from the Mortgage Bankers Association (MBA). economy remains hot.