Inman Intel: Insights & Research
Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come
September Inman Intel Index Highlights
1 in 3
agents in late September said that most of their sellers inquired about covering the buyer-side commission, up from 21% the month before
1 in 20
listing agents, despite this heightened interest from clients, said that more than half of their sellers actually ended up taking a hardline approach against covering the buyer-side commission
27%
of buyer's agents say they've been submitting offers that require the seller to cover their commission, then learning the seller's stance as part of normal negotiations — a slight uptick from August
2%
of agents say they feel comfortable weighing in when their clients raise a political opinion the agent disagrees with, compared with 48% of agents who say they never share their political opinions in such a scenario
1 in 4
agents say politics are a source of greater tension with clients this year than they were in 2020, while only 1 in 15 agents say they've produced less tension
Formerly an independent brokerage, The Nassimi Group has shed its indie status to become a 10-person team under Douglas Elliman. In 2022, Richard Nassimi closed $80M in sales volume
The new franchises add to the brand's presence across the globe in more than 400 offices in 49 states, Washington D.C., Puerto Rico, Canada and several other countries
Compass is not alone in needing to cut costs during a significant market downturn — and its future depends on it
The partnership will allow agents at more than 800 brokerages access to post-close software, providing new owners the ability to monitor the financial and operational state of their home
Agents join Compass from Berkshire Hathaway HomeServices in the Miami and 30A markets and boast at least 25 years of experience in the industry, Compass exclusively told Inman
Inman's first-ever Intel leadership survey revealed that leaders think the market will be worse in 2023 compared to 2022 — but they also expect to thrive regardless of the economic headwinds
The CEO of construction tech startup Welcome Homes thinks builders will have to take risks to prevent a massive affordability crisis, the likes of which haven't been seen since the early 1980s
'The real estate industry is in a state of change right now, and new technologies are more important than ever. I look forward to advising startups and helping them scale quickly'
'Together, we can deliver more of what buyers want in today’s market: Move-in ready homes,' — Revive CEO and founder Michael Alladawi
The firm, previously known as Immobiliare Magri, will officially launch as Corcoran Magri Properties sometime in the next several weeks, the brokerage exclusively told Inman
The digital homebuying solution that heavily leverages detailed online search and buyer due diligence now operates in Miami, Fort Lauderdale, Boca Raton and West Palm Beach
REWpert will allow customers to do more than craft listing descriptions. The company said REWpert will exercise more of what ChatGPT-maker Open AI intended its tool to do
A multitude of factors need to go right for Zillow Home Loans to meet its revenue goals and compete with traditional mortgage products
RentSpree's Real Estate Network of Empowered Women initiative will support, connect and empower women in all aspects of real estate
The new partnership will see Howard Hanna further extend its reach into New York. Meanwhile, Coach will rebrand to include the Howard Hanna name
Opinion
Disruptive sales models, lead aggregators and search products have transformed proptech into a true marketplace while freeing venture capitalists up to become more than mere power brokers
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