Real Estate News by RealEstateNews.com
WEBTech Bytes: News from Restb.ai, @properties, MetroList and Lundy. Expansion connects Restb.ai’s vision tools to nearly three-quarters of a million MLS members; productivity-focused Pipeline added to @properties “pl@tform.”. Real Estate News Staff. September 13, …
Buyers backing out of deals in record numbers as market shifts
WEBJul 24, 2024 · More buyers are backing out. According to the Redfin report, roughly 56,000 home purchase contracts were canceled last month, which Redfin says is more than any other June on record. And the main issue, Redfin researchers and agents suggest, is housing affordability and the steep costs to purchase. "Buyers are getting more and …
By the Numbers - realestatenews.com
WEBThe state of mortgage rates depends on which state you're in. A new survey of lenders reveals a 38 basis point difference between mortgage rates by state, which can mean hundreds of dollars a year for borrowers. Stephanie Reid …
Trends 2024: The 4 main brokerage models, and how they’ve …
WEBDec 11, 2023 · Editor's note: Since 2006, the Swanepoel Trends Report has provided in-depth research and analysis to help leaders understand the forces shaping residential real estate.This exclusive series of excerpts highlights each trend featured in the 2024 report, which was released in November 2023. 4 Primary Brokerage Business Models: The …
Brokerage News - RealEstateNews.com
WEBBrokerage Beat: News from Realty ONE, Compass, Coldwell Banker, C21. MVP Realty joins Realty ONE in Florida; Compass adds two top NYC agents; Coldwell Banker gains luxury Boca Raton agent; No. 1 C21 team moves to SoCal franchise. Real Estate News Staff. Updated August 17, 2024.
Mortgage interest rates soar above 7%, reaching new 2024 high
WEBApr 18, 2024 · The 30-year fixed-rate mortgage averaged 7.1% this week, according to the latest Freddie Mac survey. It's the first time average rates have exceeded 7% in 2024, and a significant increase from a year ago when rates averaged 6.39%. The 15-year fixed-rate mortgage averaged 6.39% this week, up from 5.76% a year ago.
Top 1000 Brokerages (Mega 1000) by Sales Volume
WEBHighlights. Compass moved into the top spot with $254.2 billion in sales volume, surpassing Realogy Brokerage Group's (rebranded as Anywhere in June 2022) $243.9 billion. HomeServices of America ranks No. 3 with $198.7 billion in sales volume. Collectively, the sales volume of the nation's five largest residential brokerages rose by more than ...
NAR clarifies new rules for MLSs, agents — and extends deadline
WEBMay 3, 2024. The Aug. 17 deadline coincides with the earliest date class notices for the $418 million settlement will be sent out. Updates to MLS policies clarify rules around offers of compensation and emphasize that MLSs should not support workarounds that run afoul of the rules. NAR also updated its FAQ with more details about buyer ...
Newer brokerages take top spots in Mega 1000 rankings
WEBApr 25, 2023 · Several of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass. Compass has taken the top spot for the third year in a row, with a 2022 sales volume of $228 billion. Anywhere Advisors, HomeServices of America, eXp and Douglas Elliman rounded out the top five.
Industry News - RealEstateNews.com
WEBSeptember 16, 2024. Industry. Involved in a cash sale? See if new rules affect you. In an effort to curb money laundering and other crimes, a federal agency has adopted rules for brokers and others involved in non-financed transactions. Robert Davis. September 15, …
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