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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. Sellers, homebuyers turned to real estate agents for help The vast majority of buyers still used an real estate agent to purchase their home.

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Opinion: Real estate agents must embrace a non-traditional housing market

Housing Wire

Looking back to the 2005 and 2006 real estate peak, lofty home prices reached a then staggering-sounding high of $230,200 in July 2006. Today’s landscape is quite different from that of 50 or even just 10 years ago. Or, they are going back to renting!

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Steve Harney, founder of Keeping Current Matters, has died

Housing Wire

He became a top-producing real estate agent in the area and in 1991 became the manager of the largest office for Prudential Long Island Realty , training agents throughout the East Coast markets. He sold the brokerage in 2005. Steve was fighting the good fight every day.”

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Why is the El Paso housing market so hot right now?

Housing Wire

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Interest rates were so low, at 2.5%

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DOJ and NAR could step back into the ring over commingled listings

Housing Wire

The Department of Justice could be ready to square off again with the National Association of Realtors — this time over an optional rule to prevent commingling of MLS and non-MLS listings. DOJ seemingly succeeded via proxy with the Sitzer/Burnett suit in changing the structure of real estate agent commissions.

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Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana. In a purchase market, he emphasizes strong communication with clients and referral partners, such as Realtors and financial planners. But Woodward struggled to originate purchase loans. “I in the broker channel.

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A record year for real estate brokerage firms

Housing Wire

of all Realtors. Agents with RT500 firms had an average of 7.9 transactions per agent. The average number of agents per RT500 firm was 1,138, up from 1,025 last year. RealTrends has been the undisputed leader in the ranking of real estate brokerage firms, agents and teams. Compass took the No.

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