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Incomes are rising for experienced Realtors but falling for younger ones

Housing Wire

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues.

Realtors 409
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Inventory of existing homes hits highest level since early in the pandemic

Housing Wire

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022.

Inventory 495
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Texas housing inventory jumps 40%, but prices stay flat

Housing Wire

They say everything is bigger in Texas — and apparently that includes housing inventory growth. According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April to June of this year were up 40.8% Houston inventory was up 42.5% compared to the same period last year.

Inventory 441
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RealReports partners with San Francisco Realtors to provide AI-based property intelligence

Housing Wire

RealReports , a proptech firm that offers an artificial intelligence-based platform for property data , announced a new partnership this week with the San Francisco Association of Realtors (SFAR) to provide access to its tool to an estimated 5,000 members in the Bay Area. Inventory is low, rates remain high, and lawsuits abound,” Gorman said.

Realtors 427
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New-home sales fall in May as inventory piles up

Housing Wire

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. This inventory pileup could start to affect new-home prices. The new-home sales numbers contrast substantially with the existing-home sales report for May from the National Association of Realtors (NAR).

Inventory 431
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New Hampshire Association of Realtors partners with HousingWire

Housing Wire

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. Our strategy is simple – be the independent source of information housing leaders seek first, and trust the most,” Clayton Collins, HousingWire CEO, said. “By

Realtors 430
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Q2 AgentPulse survey: Low inventory is greatest challenge

Housing Wire

Taking the top spot as the greatest challenge was low inventory , with nearly half (49%) of respondents ranking that as their biggest challenge. Most buyers here cannot pay realtor commissions because they are VA (Veterans Affairs borrowers).” In a similar vein, “getting listings” was the third-largest hurdle cited by agents.

Inventory 421