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New listings plummet 27%, marking biggest annual fall since pandemic

Inman

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher.

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A recovery in new listings is easy to miss — but it may be underway

Inman

Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process.

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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.

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Where Are The Affordable Homes?

Appraisal Buzz

Those in the market seeking an affordable house will be hard-pressed to find anything in their budget as low inventory continues to push prices skyward.

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Affordable Homes Are In Short Supply

Appraisal Buzz

Those in the market seeking an affordable house will be hard-pressed to find anything in their budget as low inventory continues to push prices skyward.

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Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

REX, an Austin-based real estate startup, said Zillow’s new listing layout, which includes tabs entitled “agent listings” and “other listings,” positions its listings in a “recessed obscured, and deceptive tab that consumers do not see.” billion visits.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

My name is (your name), and I’m a licensed real estate professional with (your brokerage). For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage). Great news! It was listed at (list price) and sold well above the asking price. Your neighborhood is hot!