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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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DataDigest: There are too many real estate agents and LOs. It’s a problem

Housing Wire

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. It shouldn’t surprise you that a sizable percentage of newer LOs and real estate agents are washing out in the current market.

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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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LGBTQ+ Real Estate Alliance announces top real estate agents and team

Housing Wire

The LGBTQ+ Real Estate Alliance unveiled its third annual LGBTQ+ Real Estate Top Producers list and recognized 388 individual agents and teams for their 2022 production. transaction sides in 2022. million in 2022. million in sales volume in 2022. Recognized Alliance members amassed $8.53

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‘This is a great time for women to be in real estate,’ survey finds 

Housing Wire

Since its inception in 1908, the National Association of Realtors (NAR) has undergone a remarkable transformation, with women now accounting for 62% of its membership, according to data for the trade organization. This is a great time for women to be in real estate,” Laura Adams, senior real estate analyst at AceableAgent, told HousingWire.

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The LO edge in 2022? Realtors, Realtors, Realtors

Housing Wire

The key to winning purchase business in 2022 remains as it was in 2021, the year before that, and the year before that – building and maintaining relationships with real estate agents. I think it’ll be a broken record but Realtors, Realtors, Realtors,” emphasized Rafael Montano, an LO at Rocket Mortgage.

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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.