IndustryLuxury housing market is ‘holding strong’Michael Altneu, vice president of Global Luxury at Coldwell Banker, said luxury housing has proven resilient in a cooling market.Linda F. HerseyNovember 14, 2022
By the NumbersHere’s where housing inventory might be headed in 2023After years of low inventory, Mike Simonsen of Altos Research expects housing inventory to approach more normal levels by the end of summer 2023.Dave GallagherNovember 12, 2022
By the NumbersReal estate slowdown an opportunity for military familiesAffordability challenges are real, but military families can leverage benefits like VA loans to reduce or eliminate their down payment.Dave GallagherNovember 11, 2022
BrokeragesCompass reports 14% revenue drop in Q3 after transactions declineCEO and founder Robert Reffkin said that lower sales volumes are creating “significant challenges” for the housing industry as mortgage rates climb.Linda F. HerseyNovember 10, 2022
By the NumbersShare of first-time homebuyers drops to historic lowA lack of inventory, rising interest rates and inflation are cutting more first-time buyers — especially minority buyers — out of the market.Linda F. HerseyUpdated November 18, 2022
By the NumbersInflation cooling slightly, but mortgage rates climb back over 7%Inflation numbers were lower than expected in October, with housing prices representing half of the increase, while mortgage rates crept up.Linda F. HerseyNovember 10, 2022
IndustryRealtor.com CEO David Doctorow ‘staying focused on our purpose’In a shifting real estate environment, Doctorow says the company's mission of serving agents, brokerages and consumers remains their North Star.Linda F. HerseyNovember 10, 2022
AgentsAre buyers and sellers adapting to the new normal?While some consumers are adjusting to the realities of the current market, others are holding onto the past — or hoping for an unlikely future.Dave GallagherNovember 9, 2022
BrokeragesRedfin reports net loss of $90.2 million after layoffs, iBuyer shutdownRedfin announced significant losses and a new round of layoffs in anticipation of a continuing slowdown "at least through 2023."Dave GallagherUpdated November 9, 2022
AgentsAgents Decoded: Shifting your mindset in this new season of real estateTeam leaders Renee and Jeffrey Funk advise agents to focus on relationships, strategies and opportunities during this changing season of real estate. Renee Funk, Jeffrey FunkNovember 9, 2022
MLS/AssnNAR NXT still on despite hurricane warningUndeterred by a stormy forecast and airport closures, NAR is moving forward with its annual mega-conference, betting on clear skies by opening day. Linda F. HerseyUpdated November 11, 2022
By the NumbersShare of new construction homes hits a record high in Q3Buyers and sellers of existing homes are sitting on the sidelines while builders try to unload their inventory of newly completed homes. Dave GallagherNovember 8, 2022
BrokeragesHomeServices CEO Gino Blefari: ‘Where there is chaos, there is opportunity’Blefari has seen the ups and downs of the market during his four decades in the industry, which helps him keep his sights on profitability and performance.Linda F. HerseyNovember 8, 2022
Agents6 tips for a successful open houseNeed leads? When done right, open houses are still an effective way to make connections with potential clients.Mary BooneUpdated July 19, 2023
AgentsNetworking: How to make connections that countNetworking through traditional business and civic organizations still exists, but it’s just one way to build relationships with clients, peers and mentors.Mary BooneNovember 6, 2022
AgentsZillow Gone Wild: What happens when your listing goes viralThe social media sensation drives plenty of traffic to the listings it features, but it may not help your sale. Cheryl Reid-SimonsNovember 5, 2022
By the NumbersWhen it comes to equity, many homeowners are ‘rich’Buyers and sellers might be struggling to navigate the market, but homeowners are well-positioned to ride out the downturn.Dave GallagherNovember 4, 2022
BrokeragesRE/MAX Q3 earnings: Higher interest rates have ‘reset the housing landscape’RE/MAX leaders say that the company’s franchise models and strategic growth initiatives helped to drive revenues in the third quarter.Linda F. HerseyNovember 4, 2022
TechThe savvy behind a new prop-tech partnershipMoxiWorks adds zavvie’s marketplace to its platform, enabling agents and brokerages to present offers from iBuyers and “Power Buyers” to home sellers.Linda F. HerseyNovember 4, 2022
BrokeragesRealty ONE continues ‘disciplined and strategic’ growthA shifting housing market hasn't deterred the company's growth plans, which include international expansion and seeking out "best fit" franchise partners.Dave GallagherNovember 4, 2022