Average buyer's agent commission has fallen since NAR settlement
Redfin's latest report revealed the average buyer's agent's commission percentage has declined in 47 of the 50 largest markets since NAR's March settlement
by Marian McPherson Aug 2
How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali
For about the last 4 years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported
High mortgage rates cool down prices in these US metros
Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to CoreLogic
by Richelle Hammiel Aug 2
Opendoor's revenue declines as losses also grow in second quarter
The iBuyer's revenue declined 24% year over year to $1.5B as losses hit $92M, down from positive income of $23M the previous year
Anywhere's revenue remains flat during Q2 at $1.7B
The franchisor's revenue remained flat year over year as it had to make significant payments during the quarter to address the commission lawsuit settlement and a 1999 tax matter
Compass CEO: Clear cooperation is 'anti-homeowner'
Robert Reffkin said clear cooperation forces homeowners into a system that attaches 'negative insights' to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed
by Jim Dalrymple II Jul 31
Mortgage rates continue descent as Fed hints at September rate cut
Fed policymakers are acknowledging that while they're determined not to cut rates until inflation is tamed, they're also worried about waiting too long and throwing the economy into a tailspin
by Matt Carter Jul 31
Compass posts gains in revenue and agent count in Q2 earnings
Compass brought in $1.7B in revenue between April and June, and managed to add thousands of real estate agents to its ranks, according to Q2 earnings released Wednesday
by Jim Dalrymple II Jul 31
June saw a 4.8% uptick in pending home sales
Pending home sales rose 4.8% in June, with all 4 US regions showing monthly gains in contract signings, the National Association of Realtors reported on Wednesday
by Richelle Hammiel Jul 31
Housing inventory growth doesn't guarantee greater affordability
In June, 5 of the top US markets showed improvement in housing affordability and supply, according to First American, while other markets with more inventory still saw rising costs
by Richelle Hammiel Jul 30
Home prices grew in May as mortgage rates, inventory rose
The S&P CoreLogic Case-Shiller Index and FHFA House Price Index showed 'no relief' for homebuyers hoping for falling home prices as mortgage rates remain elevated
by Lillian Dickerson Jul 30
7 musts for buyer presentations ahead of the commission deadline
Marketing expert Marci James shares strategies designed to help you showcase your value, negotiate commissions with confidence and build a thriving buyer's agent business in 2024
by Marci James Jul 30
Commercial market bottom nears as foreclosures surge
Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5B during Q2 2024, the highest quarterly figure posted since 2015, according to MSCI
by Lillian Dickerson Jul 29
Lesson Learned: Realtors are keepers of the American dream
Find out how this 3rd generation Realtor puts his background and love of the land to work for clients ranging from farmers to hunters to developers of therapy and religious retreats
by Christy Murdock Jul 29
Forced to move? Not quite. The real reasons buyers are shopping now
A surprising share of homebuyers are seeking to 'move up' in home. And the next wave of clients may have different priorities in mind, according to the Inman-Dig Insights consumer survey
by Daniel Houston Jul 29
Inflation cools again in June, giving mortgage rates room to ease
As inflation gets closer to Fed's 2% target, economists at Fannie Mae and the Mortgage Bankers Association predict mortgage rates will continue to drop into the low 6s by the end of next year
by Matt Carter Jul 26