By the NumbersHome sales way up in February, but spring numbers could dipNAR reported a big jump in existing home sales from January to February, though sales and prices are down compared to a year ago.Dave GallagherMarch 21, 2023
TechTech 200: Moving closer to real estate’s 'holy grail'T3 Sixty’s assessment of who's leading in real estate tech includes 199 products from 78 companies. Dave GallagherMarch 21, 2023
By the NumbersSmaller homes in demand as affordability stymies buyersZillow research found that homes with the smallest footprints have seen a higher rate of price growth and an annual decline in inventory.Dave GallagherMarch 20, 2023
BrokeragesKamini Lane takes on top role at Coldwell BankerLane, previously brokerage president of Sotheby's Realty, steps into the role vacated by Ryan Gorman in December.Dave GallagherMarch 20, 2023
IndustryIndustry Decoded: The answer to brokerage growth? It’s no longer 'add agents'Realtor membership went up a stunning 60% over the past decade, but declines are coming. It's time to talk about how to support the agents who stick around.Russ CofanoMarch 20, 2023
MLS/AssnHousing gaps remain in Asian communitiesA new report from AREAA says Asian homeownership rates trail those of non-Hispanic whites and are comparable to equal-earning Black and Hispanic communities.Alec HarveyMarch 19, 2023
BrokeragesIndustry icon Wes Foster, co-founder of Long & Foster, has diedWes Foster, known for his integrity and "larger than life presence," said he was most proud of growing Long & Foster from humble beginnings into a major player.Cheryl Reid-SimonsMarch 18, 2023
AgentsYes, you can take a vacation (here's how)An agent's job is rarely just 9-5, and it can be hard to carve out time for breaks when clients are counting on you. But it's possible — and important.Mary BooneMarch 18, 2023
IndustryHow it felt to have millions in SVB as it failedWhen SVB collapsed, it created some not-so-wonderful thoughts of “It’s a Wonderful Life” for Josh Jensen, co-founder of proptech startup Inspectify.Stephanie Reid-SimonsMarch 18, 2023
By the NumbersFor homeowners, joy can trump ROI when choosing outdoor projectsIn a new report, the outdoor projects that rank highest on the "joy scale" tend to have lower recovery costs, suggesting that ROI isn't always a top concern.Dave GallagherMarch 17, 2023
AgentsMarket Moods: Price cuts are rare when a home is priced rightIt might seem like sellers are slashing prices, desperate for a sale. But while price cuts are up, agents say they're still the exception.Cheryl Reid-SimonsMarch 17, 2023
BrokeragesBrokerage Beat: News from The Agency, ERA, Side, Christie's, LeadingRE and E&VThe Agency adds a new Canada office, ERA grows in Aspen, Side partners with two NorCal firms, Christie's team closes $47M sale, and more news.Real Estate News StaffUpdated March 17, 2023
BrokeragesReal posts net loss for 2022 but sees a turnaround comingDespite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.Dave GallagherMarch 16, 2023
By the NumbersAfter a topsy-turvy week, mortgage rates dropIn the wake of turbulence in the banking sector, the 30-year fixed-rate mortgage fell to 6.6%, down from 6.73% a week ago.Dave GallagherMarch 16, 2023
BrokeragesAnywhere CEO sees opportunities, advantages of scaleRyan Schneider, leader of one of the largest real estate enterprises, believes the company will benefit from continued investments, even in a downturn.Dave GallagherMarch 16, 2023
By the NumbersHomeowners have $90K more home equity than pre-pandemicA CoreLogic report found that average home equity rose more than 7% in 2022 — a small gain relative to the big jump seen in 2021, but still above average.Dave GallagherMarch 15, 2023
By the NumbersFlorida a rising MVP with #2 most valuable housing marketWith the value of its residential real estate surpassing $3.6 trillion, Florida edged out New York but trails California among markets with the top home values.Dave GallagherMarch 15, 2023
AgentsAgents Decoded: The art of customer service + luxury client tipsPrice point shouldn't determine your level of service. But luxury pro Farrah Brittany of The Agency notes a few considerations when working with luxury buyers.Farrah BrittanyMarch 15, 2023
IndustryUncertainty post-SVB could create opportunity for homebuyersBank failures may lead the Fed to tap the brakes on raising interest rates, which means now is a good time for homebuyers to keep calm and make their move.Stephanie Reid-SimonsMarch 14, 2023
MLS/AssnMore Latinos are becoming homeownersA new report from NAHREP found that Latinos formed more new households than any other demographic group in 2022 while also increasing their homeownership rate.Cheryl Reid-SimonsMarch 14, 2023