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

Housing Wire

It was the highest share of all-cash transactions recorded since 2014. Sellers, homebuyers turned to real estate agents for help The vast majority of buyers still used an real estate agent to purchase their home. In 2023, 89% of recent buyers hired an agent to purchase their home, up from 86% in 2022.

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San Francisco-based OWN Real Estate makes the leap to Keller Williams

Housing Wire

San Francisco-based real estate team OWN Real Estate joined Keller Williams , the company announced on Wednesday. Founded by Wilson Leung, the team has 19 real estate agents and six staff members. In 2022, OWN Real Estate sold 80 homes, amounting to more than $107.1

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Top California indie team FresYes joins The Real Brokerage

Housing Wire

FresYes Realty , one of California ‘s top real estate agent teams, has left the indie ranks to join The Real Brokerage. Jason Farris and his 50-agent team were the top large team in California by sides in 2021, according to the RealTrends 2022 rankings. They recorded 539 transactions in 2021 worth $203.7

Brokerage 452
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Movement Mortgage acquires brokerage Superior Rate

Housing Wire

With the deal, Movement adds the brokerage’s more than $400 million in annual sales volume and 48 employees, including loans officers, support staff and executive members, to serve homebuyers and real estate agents in the Greater Boston Area. .

Brokerage 497
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The ‘double-edged sword’ of dual licensing

Housing Wire

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

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Washington-based indy firm joins RE/MAX

Housing Wire

“I love the RE/MAX values and the company’s emphasis on technology while not replacing the agent.” Larson started her career in real estate as an agent at a large national franchise in 2014. Larson said she is currently looking to grow the firm by bringing in more real estate agents.

Brokerage 418
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Cash buyers are scooping up homes like mad

Housing Wire

That represents the largest share since 2014, when 30.6% The S&P 500 Index has gained 36% in the past 12 months alone, and cash purchases are on the rise as Americans reap the benefits of a strong stock market, said Shauna Pendleton, a Redfin real estate agent in Idaho. of homes were purchased with all cash.

Buyers 545