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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Over the last four weeks ending on Sept.

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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. We found that more than 99% of new listings in March included offers to pay the buyer’s agent. Reffkin noted that the firm is on track to remain free cash-flow positive throughout the rest of 2024. “We

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Redfin: Bidding wars drop slightly in June

Housing Wire

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

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Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

Real Estate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow , accusing the company of anticompetitive behavior related to showing certain homes on its platform. Trulia and the National Association of Realtors are also named in the suit. billion visits.

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Why is the El Paso housing market so hot right now?

Housing Wire

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Interest rates were so low, at 2.5%

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An inside look at local housing markets across the country

Housing Wire

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% The agents on my team are having to be extremely competitive when making offers.

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Home Search Strategies for 2022

Eppraisal

The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021." Be sure to do your research and find an agent that specializes in working with buyers.