Sat.Jan 06, 2024

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Fewer homes will take a price cut in spring 2024

Housing Wire

Will the number of homes that take a price cut this year drop below 2023 levels? Yes! If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year.

Inventory 542
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Most agents barely making it in this ‘part-time industry’

Real Estate News

In its latest report, the CFA continues to cast a critical lens on what it sees as a bloated industry where too few agents can succeed.

Agents 302
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You sold HOW MANY houses last year? The Download

Inman

A "glut" of agents, low inventory and a down market mean part-timers now make up the majority of real estate professionals, according to the Consumer Federation of America. What does that mean for clients — and for the industry?

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Brokerage Beat: News from The Agency, RE/MAX, Sotheby's, more

Real Estate News

The Agency Seattle grows; RE/MAX nabs Houston indie; Sotheby's now in Anguilla; C21 adds W. Virginia firm; top NY agent back at Compass; Corcoran firm expands.

Brokerage 202