article thumbnail

More real estate agents are switching brokerages: Relitix

Housing Wire

With market uncertainty, real estate agents had been sticking with their current brokerage., While inventory is still low, professionals are seeing light at the end of the tunnel. Agent Movement Index – Trailing 12 Months The monthly AMI value finished at 93.6 but that’s all starting to change.

article thumbnail

Where real estate agents can find listings today

Housing Wire

Inventory is still low and that’s exactly why it’s important to target the sellers who are more likely to move. Offer your database an annual real estate check up. “Hi In fact I am even offering all my friends and clients an annual real estate check up. Perfect your process. Then choose another!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Interest rates, a key determinant of the real estate market’s health, are on a downward trend. Will we get more inventory? That’s the name of the game in real estate.

article thumbnail

6 ways to avoid becoming real estate agent roadkill in 2024

Housing Wire

2023 was the weirdest real estate market on record. We played mortgage rate ping-pong, had unprecedented low levels of inventory and still there were escalating prices. Always ask who they know who could use your help buying or selling real estate. Tim and Julie Harris host a podcast for real estate professionals.

article thumbnail

Real estate agents are bracing for the impact of the commission lawsuits

Housing Wire

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.

article thumbnail

Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

Sellers, homebuyers turned to real estate agents for help The vast majority of buyers still used an real estate agent to purchase their home. In 2023, 89% of recent buyers hired an agent to purchase their home, up from 86% in 2022.

article thumbnail

5 activities real estate agents should do every morning

Housing Wire

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Foster relationships with other real estate professionals, potential clients, and relevant service providers.