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Existing-home sales flop once again, but inventory is a bright spot

Housing Wire

million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% months in September 2023. from September 2023. After falling 2.5% in September. For-sale inventory at the end of September was 1.39 million, up 1.5% months in August and 3.4

Inventory 463
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Existing-Home Sales Experience Seasonal Climb

Appraisal Buzz

The National Association of Realtors reports that existing-home sales increased in November. million in November 2023). month supply in November 2023 but lower than the 4.2-month existing home sales should be above 2023 levelsthough still only slightly. Three major U.S. from October to 4.15 million in November.

Inventory 396
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Incomes are rising for experienced Realtors but falling for younger ones

Housing Wire

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues. million per agent in 2022 to $2.5

Realtors 435
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Pending home sales jumped in September behind lower mortgage rates

Housing Wire

According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% However, with rates pushing back to 7%, the rebound in pending activity is likely short lived and is unlikely to be enough to help 2024 home sales exceed 2023 levels.” compared to August and 2.6%

Mortgage 476
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San Francisco Realtors partner with AI startup Sidekick

Housing Wire

AI -powered real estate assistant Sidekick unveiled a partnership with the San Francisco Association of Realtors (SFAR) on Monday. As the AI capital of the world, San Francisco is the ideal place to launch Sidekick to sophisticated Realtors, at just the right time,” Michael Martin, co-founder of Sidekick, said in a statement.

Realtors 459
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Utah-based Realtor association no longer enforcing NAR’s Clear Cooperation

Housing Wire

The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. The Utah MLS had 1,789 subscribers at the end of 2023. In an email sent to members on Oct.

Realtors 448
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REcolorado warns Realtors of pitfalls of outside MLS ownership

Housing Wire

In a statement released Wednesday night, REcolorado warned Denver-area Realtors that outside ownership of the local MLS could bring added uncertainty during an already uncertain time and suggested that their data could be compromised. DMAR and SMDRA even rewrote the company’s bylaws in 2023.

Realtors 418