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
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