By the NumbersLooking for high-value homes? Find the nearest Trader Joe's A study released by ATTOM found differences in values and appreciation based on a home's proximity to specialty grocery stores.Dave GallagherNovember 22, 2022
By the NumbersNewly constructed homes are getting smallerWith rising interest rates cutting into the amount of square footage buyers can afford, new home sizes have been trending down. Dave GallagherNovember 21, 2022
IndustryOpendoor losses stem from unprecedented market conditions, says CEO Eric WuRate hikes slowed demand from a wide-open firehose to a trickle faster than the company or its algorithms could predict.Cheryl Reid-SimonsNovember 21, 2022
AgentsDon’t knock it: 6 tips for door-knocking successIn an era of tech-enabled everything, door-knocking might seem quaint — but it can be an effective, low-cost way to build connections and generate leads.Mary BooneNovember 20, 2022
AgentsAgents Decoded: Making sense of the headlinesIndustry veteran (and news junkie) Jay Thompson says agents can help themselves and their clients by reading beyond market headlines, putting news in context.Jay ThompsonNovember 18, 2022
By the NumbersResidential construction slowdown could mean inventory woes in 2023After remaining relatively stable in the first half of 2022, multifamily builder confidence dropped significantly in Q3.Dave GallagherNovember 18, 2022
IndustryiBuyer company Offerpad warned that stock may be delistedThe company received notice from the NYSE that it was not in compliance because its stock price stayed below $1 for 30 trading days.Dave GallagherNovember 18, 2022
By the NumbersHome sales dropped 5.9% in October, continuing a 9-month trendExisting home sales were down more than 28% year-over-year, according to the National Association of Realtors, with the sharpest decline in the West.Linda F. HerseyNovember 18, 2022
IndustryPeople on the move: Promotions, appointments and new hiresThe latest moves: NAR leadership team, Andrew Kazeniac, Kalani Reelitz, Katie Smithson, Rachel Scheid, Ravi ShankarReal Estate News StaffNovember 18, 2022
MLS/AssnNew NAR president sees agents, brokers as 'the driving force for good'Kenny Parcell, a 25-year agent and broker, brings a passion for advocacy, service and communication to his new role as 2023 NAR president.Linda F. HerseyNovember 17, 2022
By the NumbersMortgage rate drops — is it enough to entice potential buyers?The average 30-year fixed-rate mortgage rate was 6.61% on Nov. 17, down nearly half a point from last week, suggesting that inflation may have peaked.Dave GallagherNovember 17, 2022
By the NumbersRent price growth is slowing, but renters still can’t save enough to buyAfter skyrocketing during the pandemic, rents are now growing at a modest pace — but for many renters, buying a home remains out of reach. Dave GallagherNovember 17, 2022
IndustryTrends Report dives into compensation, 'a core issue for the industry'The 2023 Swanepoel Trends Report looks at agent and broker compensation structure, which is at the center of several pending lawsuits. Linda F. HerseyNovember 16, 2022
By the NumbersBuyers taking out fewer mortgages, looking for cheaper homesIn the face of high interest rates and high home prices, the number of residential mortgages issued has dropped nearly 47% over the past year.Dave GallagherNovember 16, 2022
BrokeragesTeams on the move: Changing brokerages, finding the best fitThe latest movers: Aaron Kirman, Luczak Real Estate, Dean Aguilar Group, Spouses With HousesReal Estate News StaffNovember 16, 2022
TechRE/MAX CIO focused on tech’s role in real estate, alongside agentsChief Information Officer Grady Ligon says the value of tech is "helping real estate professionals do what they do — but better."Linda F. HerseyNovember 16, 2022
BrokeragesFormer KW CEO sues brokerage, Gary Keller for $300 millionJohn Davis, who resigned from Keller Williams in 2019, said the company and its founder have tried to ruin his reputation.Dave GallagherUpdated September 29, 2023
MLS/AssnNAREB: Supporting ‘democracy in housing’ for consumers, agentsLydia Pope, who leads the National Association of Real Estate Brokers, discusses narrowing the racial gap in homeownership and opening doors for Black agents.Linda F. HerseyNovember 14, 2022
By the NumbersListings and prices decline, but there's no freefallThe latest housing market indicators continue to trend slightly against sellers, but buyers are even more hesitant to enter the market.Dave GallagherNovember 14, 2022
MLS/AssnEconomics, housing policy take center stage at NAR NXTThe National Association of Realtors annual conference featured timely discussions and tips for the thousands of agents in attendance.Linda F. HerseyNovember 14, 2022