By the NumbersMortgage applications trend higher in mid-NovemberThe number of home loan applications rose for two straight weeks this month, coinciding with falling interest rates.Linda F. HerseyNovember 28, 2022
Brokerages'Sports and entertainment' proving to be a resilient marketThe niche area of real estate services for pro athletes and entertainers is largely insulated from the broader economic downturn.Linda F. HerseyNovember 28, 2022
AgentsGiving back: Cathy Taub 'grateful to be of service' to food-insecure peopleTaub, a NYC agent with Sotheby's International Realty, helps feed families in her community as a volunteer and board member at the New York Common Pantry. Cheryl Reid-SimonsUpdated November 22, 2023
AgentsAgents of Change: Jeff Fields helps provide a lifeline to teens in crisisFields, an agent in Scottsdale, AZ, has made a "lifelong commitment" to Teen Lifeline, an organization working to eradicate teen suicide.Alec HarveyNovember 26, 2022
AgentsAgents of Change: Laurie Read honors her brother, helps protect policeUtah agent Laurie Read launched a foundation in her brother’s memory that funds equipment to "protect the officers who put their lives on the line every day."Linda F. HerseyNovember 25, 2022
AgentsAgents of Change: Sydney Ealy working 'to ensure every kid reaches her goals'Ealy founded the mentoring program TWST4Girls in 2014, bringing hope and opportunities to at-risk youth and their families.Nicole BrodeurNovember 24, 2022
By the NumbersOverall housing inventory declining, but that won’t lastWhile inventory is trending down ahead of the holidays, the pace is slower compared to recent years.Dave GallagherNovember 23, 2022
By the NumbersInterest rates tick downward but are still volatileIt's too soon to call it a trend, but the slight downtick in mortgage rates may give hope to potential buyers.Dave GallagherNovember 23, 2022
AgentsAgents Decoded: The holidays are here — and it's OK to take a breathIt's easy to get caught up in hustle culture, but Jay Thompson says this is a great time to reset and take a day off. It might even help your business.Jay ThompsonNovember 23, 2022
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