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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

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Washington-based indy firm joins RE/MAX

Housing Wire

Larson started her career in real estate as an agent at a large national franchise in 2014. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

Brokerage 395
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Opinion: All the ways the class-action commission lawsuits are misguided

Housing Wire

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

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Hispanic homeownership held back by FHA borrower discrimination, survey says

Housing Wire

The rate of Hispanic homeownership has been inching up each year since 2014, according to U.S. One real estate agent interviewed by the NAHREP surveyors said the biggest challenge in 2021 was discrimination against FHA borrowers. “A Census Bureau statistics.

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The Real Brokerage snags top Phoenix team

Housing Wire

“David’s dedication to maximizing marketing and optimizing value for sellers aligns with the Real platform and our mission to give our agents the tools they need to succeed by providing the best consumer experience possible.” Newman has more than 20 years of experience in the real estate industry.

Brokerage 392
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Amid expansion, Opendoor lost $270M in Q1

Housing Wire

Founded in 2014, Opendoor is a pioneer in cash home-buys moving online, and an alternative to home sellers having to work with real estate agents. The company grew partly thanks to venture capital money, including from Tokyo-based SoftBank Group.

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Understanding the Role of the Real Estate Agent

Zillow

While real estate websites and mobile apps can help you identify houses you may be interested in, an experienced agent does much more, including: 1. Before you tour your first home, your agent will take time to learn more about your wants, needs, preferences, budget and motivation.