Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. Overall, revenue from Real’s ancillary businesses rose 104% annually in Q1 2024 to $1.5

Agents 422

Agents Brokerage Training Business 422

Housing Wire

JANUARY 31, 2024

Investors will heavily monitor Fed Chair Jerome Powell’s news conference at 2:30 p.m., After a sharp easing at the end of 2023, mortgage rates have started to stabilize in early 2024. Investors expect rate cuts to begin as soon as May, according to Realtor.com chief economist Danielle Hale. annual rate in the fourth quarter.

Investors 414

Investors Realtors Mortgage Marketing 414

Housing Wire

MAY 8, 2024

“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 Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 343

Agents Brokerage Real Estate Clients 343

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It Cincinnati is a great place to live,” said Julie Back , the executive sales vice president of Sibcy Cline Realtors.

Buyers 383

Buyers Marketing Inventory Investors 383

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). million home sales in 2024, a 9% increase from 2023. Pending home sales increased by 3.4% Sales were essentially flat compared to one year ago. in March, up from 75.6

Inventory 387

Inventory Buyers Realtors Investors 387

Housing Wire

MARCH 8, 2024

as of March 6, 2024. As of March 6, 2024, there was a 90-day average of 570 active single-family listings in Bergen County, according to Altos. Data from Altos Research shows that there were just 90 new single-family listings in Bergen County for the week ending March 1, 2024. There is nothing to show.”

Housing Market 399

Housing Market Buyers Agents Marketing 399

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. Some experts forecasted as many as six rate cuts in the year based on this news. There are other dynamics at play for some of these companies, however.

Mortgage 454

Mortgage Brokerage Real Estate Tenants 454

Housing Wire

JANUARY 8, 2024

HousingWire: How do you view the lending landscape for 2024? Jon Irvine: We view 2024 very favorably based on several positive economic indicators we saw at the end of last year. If consumers, Realtors and builders know affordable financing exists for potential buyers, more Americans will have the opportunity to get into a new home.

Lending 337

Lending Development Investors Finance 337

Housing Wire

JANUARY 11, 2024

When Kevin Sears stepped into the role of National Association of Realtors president on Monday following Tracy Kasper’s resignation , he became the trade organization’s third president in a little over four months. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 364

Realtors Real Estate Legal Law 364

Housing Wire

MAY 3, 2024

RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. Year over year, RE/MAX’s total agent count in Q1 2024 was down 0.2% to 143,287 agents. annualized decline in U.S.

Agents 333

Agents Real Estate Training Buyers 333

Listing Spark

SEPTEMBER 27, 2023

The real estate industry is no exception, and realtors who specialize in (or at least serve) property investment clients are seeing the beginnings of a complete technological transformation through AI and increasingly smart tools , such as property investment software. Realtors provide insights for pricing strategies.

Realtors 36

Realtors Investing Real Estate Clients 36

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

Realtors 404

Realtors Agents Brokerage Contracts 404

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. However, a seller is also a natural homebuyer, unless they’re an investor. million and 6.16

Housing Market 541

Housing Market Marketing Inventory Sellers 541

Housing Wire

OCTOBER 26, 2023

trillion, before an expected 19% rebound in 2024 as rates finally start to trend downward,” Broeksmit said in a statement. The National Association of Realtors (NAR) also forecasts that existing-home sales will drop by 17.5% We expect mortgage volume to decline nearly 30% this year to $1.64 in 2023, reaching an annualized rate of 4.15

Mortgage 416

Mortgage Inventory Housing Market Realtors 416

Housing Wire

APRIL 18, 2024

The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024. However, that hasn’t been the case so far in 2024. million units, up 4.7%

Inventory 476

Inventory Housing Market New Listings Buyers 476

Housing Wire

MARCH 29, 2024

Human Capital led the round with participation from Lakehouse Ventures , Second Century Ventures and other angel investors. Courted was notably invited to join the REACH Class of 2022, a technology scale-up program backed by the National Association of Realtors (NAR).

Brokerage 330

Brokerage Agents Realty Real Estate 330

Housing Wire

SEPTEMBER 11, 2023

Target buyers for Cliffco include non-traditional buyers seeking investor loans. About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024. Currently licensed in 18 states, Cliffco plans to expand its footprint to 40 states by 2024.

Loan Officers 371

Loan Officers Agents Retail Technology 371

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. presentation slide for investors in the SPAC that took it public, also in 2020. CEO Brian Baird offered investors an upbeat attitude about the company’s future. “We “The largest, undisrupted market in the U.S.,”

Marketing 400

Marketing Inventory Renovations Investors 400

Housing Wire

MARCH 21, 2024

So, unless rates go down, this might be the high in sales in 2024. From the National Association of Realtors : Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – bounced 9.5% Below is a chart of some of the data lines from the report. million in February.

Inventory 458

Inventory Housing Market Mortgage Marketing 458

Housing Wire

NOVEMBER 2, 2023

Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not the one their firm was recently named as a defendant in. If buyers’ agents become less common, Redfin will prosper in that world too,” Kelman said.

Agents 395

Agents Technology Housing Market Training 395

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. This is a positive for housing in 2024 as most sellers are buyers. However, the main point of this article is to make sure we all know we are working from the lowest sales levels ever when adjusting to the workforce, and we have good demographics in 2024.

Housing Market 414

Housing Market Inventory Contracts Marketing 414

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 When you add move-up, move-down, cash and investor buyers into the mix, you will have steady replacement buyer demand from 2020-to 2024. million and 6.16 Total home sales for new and existing homes should be at 6.2

Inventory 465

Inventory Housing Market Buyers Investors 465

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Real Estate 429

Real Estate Advertising Agents Realtors 429

Housing Wire

MAY 1, 2024

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits , several prominent industry analysts believe Zillow will struggle with its financial performance.

Agents 343

Agents Real Estate Contracts Real Estate Agent 343

Will Springer Realtor

DECEMBER 19, 2023

As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. More than 75% of homes on the market are deemed too expensive for middle-class buyers, according to a study from the National Association of Realtors® (NAR) and realtor.com. by December 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. This number is above my sales trend peak of 6.2 million and 6.2

Inventory 465

Inventory Housing Market Investors Marketing 465

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Total housing inventory has collapsed to all-time lows since 2020 and because this happened during the years 2020-2024, it created forced bidding and drove prices well above my 23% five-year home-price growth model in just two years.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. Cash buyers and sales to investors also fell compared to the same month of the previous year. increase from the same month in 2019. However, even accounting for that we are at all-time lows.

Housing Market 545

Housing Market Marketing Inventory Realtors 545

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. trillion compared to $2.75 trillion in 2021.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Housing Wire

FEBRUARY 23, 2024

From NAR: First-time buyers were responsible for 28% of sales in January; Individual investors purchased 17% of homes; All-cash sales accounted for 32%; Distressed sales represented 2% of sales; Properties typically remained on the market for 36 days in January. This means 2024 is starting to look a lot like 2023 unless rates fall soon.

Inventory 431

Inventory Mortgage New Listings Marketing 431

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. However, I knew the years 2020-2024 would see better demand from the bump in demographics.

Inventory 461

Inventory Marketing Housing Market New Listings 461

Housing Wire

JUNE 22, 2023

Existing home sales marginally increased in May , but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). Lower mortgage rates and an increase in supply could spur a busier market in 2024.” Total existing home sales rose 0.2% million in May.

Inventory 337

Inventory Construction Realtors Marketing 337

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 I was adamant about the price growth rule of 23% from 2020 to 2024. However, I am just staying consistent with my economic work model for the years 2020-2024: the only thing that can make total home sales fall below 6.2

Housing Market 517

Housing Market Marketing Inventory Realtors 517

Housing Wire

DECEMBER 21, 2023

KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. Part of that was also having to completely reconsider how we looked at investors and how we look at sources of liquidity. We’re on the brink of seeing that in 2024. What do we need to rebuild?

Technology 326

Technology Investors Development Loan Officers 326

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 Then when you add move-up, move-down, cash, and investor buyers together, we should be able to always have total home sales — both new and existing — at 6.2 This number is above my trend sales peak of 6.2

Inventory 510

Inventory Housing Market Buyers Investors 510

Listing Spark

JANUARY 22, 2024

In the first quarter of 2023 alone, real estate investors flipped 72,960 homes. For both new and experienced real estate investors, this bodes well for the 2024 market. Investors are thriving by finding properties with a lot of potential as both rentals and flips—and then being able to sell them quickly at the right price.

Real Estate 36

Real Estate Tools Investors Investing 36

Housing Wire

JANUARY 20, 2022

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 As I have stressed for many years, years 2020-2024 would differ from what we saw from 2008-2019 due to demographics. However, total home sales — new and existing — during 2020-2024 should be 6.2

Inventory 458

Inventory Housing Market Marketing Mortgage 458