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Redfin has conducted a survey of its agents across the industry to gauge key insights into the challenges and opportunities facing todays realestate professionals. In its 2025 Industry Survey , Redfin dug deeper into how realestateagents view their careers, the housing market, and other hot-button industry issues.
Growing dissatisfaction among realestateagents , concerns over declining commissions , and shifting views on the National Association of Realtors (NAR) are among findings in Redfin’s 2025 Industry Survey. However, fewer than 10% of agents said they had received training on discussing climate risks with clients.
According to HomeLight ‘s Top Agent Insights report released this week, realestateagents are feeling this and are being forced to switch up tactics to attract buyers. HomeLight is an Arizona -based realestate platform designed to connect agents with clients. 30 and Nov.
To answer that, we’ll take a deep dive into the differences between the many types of realestate professionals, including a realestateagent and a realestate broker. Summary What is a realestateagent? What does a realestateagent do? Let’s dive in!
Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A
As he and his clients walked out the door of a multi-million home they had just toured together, the buyer told Sarway he wanted to submit an offer. Instead, he took a deep breath, remembered his fiduciary duty to his buyer and told him exactly why buying the apartment would be a mistake. Agents were doing deals there.
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Generation X buyers (ages 4559) held steady at 24% of their share.
For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.
“Technology has enabled homeowners to live more sustainably and more affordably, which is a growing priority for prospective buyers,” said Amanda Pendleton, a Home Trends Expert at Zillow. It is an indication that a feature is in demand and appealing to a buyer when it appears in an increasing percentage of listings.
-based Consumer Policy Center (CPC) warns that the common practice of percentage-based realestate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It.
Throw in the recent explosion of boutique brokerages, teams, and “teamerages” and a study that showed an astounding 70% of agents reported five or fewer sales, and even the best recruiters probably ended up with agents that brought in little to no GCI last year. Thankfully, 2024 is shaping up to be a much better year for recruiters.
As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their realestateagents , but the rapidly rising cost of insurance premiums is changing that. For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I
Disaster-stricken areas can place undue hardship on realestateagents looking to sell houses and sales volumes often take a hit. And a report published this week said that agents in Florida, California and South Carolina are being forced to change tactics to survive in their markets. “Its a full-court press for us.”
A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. Sometimes, a realestateagent may choose not to work with a specific buyer or seller. Choose your moment!
Online realestate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process.
Watch any of the glamorous pseudo-reality realestate shows on TV, and you might be tempted to become a part-time realestateagent. Most of the agents you see on TV wearing $1500 outfits work 80+ hours per week. As a realestate coach, I hear this question all the time.
housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.
While they may not be as trendy as they once were, a well-crafted realestateagent Facebook page is still the best way to generate leads on social media. Your Facebook page can help you build your personal brand, network with other agents across the country (hello, referral partners!)
Working in realestate sales for a few years, and now you want to challenge yourself and raise the stakes? You might be ready to take on the luxury realestate market! I’ll show you what it takes to succeed as a luxury realestateagent in any market. Visit Agent Image 3.
This is according to a study published earlier this week by realestate technology firm Clever RealEstate. Clever surveyed 516 realestateagents in late August and early September, after the changes were implemented on Aug.
The price per square foot is $216, increased from $213 in March 2024. Visit Altos Research Sources: Altos Research Buyer statistics Part of being a great buyersagent is getting inside the mind of a buyer. 32% of buyers are first-time buyers, and 75% of those first-time homebuyers are aged 25 to 33.
My mom and stepdad went into pre-foreclosure,” said Sandoval, a realestateagent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I million delinquent mortgages as of the end of the second quarter of 2024, just slightly below the 2.3 There is a lot of fear.”
As a realestateagent , you’re in the business of helping people plan for their future — whether it’s helping prospective buyers find their forever home, starter house , or next investment property. But it can be even more difficult for realestateagents since many are self-employed.
A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housing market conditions ranking among their top fears, according to a recent survey by Clever RealEstate. Among those with mortgages, 47% reported having locked in an interest rate below 4%.
Let’s start at the top —the analysts at KBW believe that a court-ordered injunction could “unbundle” commissions nationally by early 2024, eliminating the longstanding practice of listing agents and sellers setting and paying buyeragent commissions. “Homebuyer survey data may provide some clues.”
Rocket.com is designed for serious buyers and sellers, offering a streamlined path to homeownership, said Jamie Belsky, chief product and design officer at Rocket. The AI Agent streamlines tasks such as filling out applications and connecting users with Rocket Mortgage bankers.
As a realestateagent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted realestateagent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.
In the ever-competitive realestate market, creating a consistent flow of realestatebuyer leads is strategy for success. Extending a broad (but strategic) net is part of knowing how to generate buyer leads in realestate. Of course, you can’t do everything — but consistency is important.
The company announced this week that it secured $8 million in funding to offer better insights and cohesiveness to realestateagents. This is the company’s first major funding round since its debut in August 2024. Indigo is a search platform that allows buyers to bid on agent-approved listings.
In 2024, more people moved out of Illinois than into the Prairie State. Despite the frequency of departures, realestateagents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. As of Jan.
Realestate referral fees are also a fantastic way for experienced and busy agents to get a nice paycheck without doing much work. According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. What is a realestate referral fee?
Curb appeal sets the tone for potential buyers before they even step inside, shaping how welcoming and well-maintained a property feels. With just a few thoughtful updates, you can make your listing stand out and leave a lasting impression on buyers and even turn nearby neighbors into clients.
To help you find the best realestate website builder for your needs, our team of agents, brokers, and tech experts researched and ranked the best realestate website builders for 2024. Here our our picks. Example Sierra Interactive websites on desktop, tablet and mobile Pricing Core package: $499.95
If you’re interested in becoming a realestateagent in Illinois, you’ll be happy to hear that the path to getting your realestate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a realestate broker in Illinois, it is not legal for you to work independently.
RE/MAX frequently touts the experience and productivity of its agents, 135 of which made the 2024 RealTrends Verified + Tom Ferry The Thousand more than any other brokerage. In 2025, however, the realestate franchisor is looking to welcome in and foster the next generation of top agents.
Not long ago, homeowners insurance was a minor concern for most homebuyers, realestateagents and mortgage originators. Now, soaring premiums demand more careful review and sticker shock is prompting buyers to walk away from deals, especially in states like Florida and Texas.
On Thursday, the firm announced the launch of PartnerUp Coaching, a platform that allows agents to learn from other top agents in the industry. While PartnerUp Coaching is now open to agents regardless of their brokerage affiliation, a pilot version of these coaching services was previously available to Side partners.
home seller pays a 2.55% commission to the realestateagent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.
Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their realestateagent’s commission — i.e., the buyer-broker fee. 10, 2024, and is valid until rescinded. . 10, 2024, and is valid until rescinded.
According to a recent Redfin report , the first eight months of 2024 saw the lowest turnover rate in decades, with only 25 out of 1,000 U.S. homes changed hands in the first eight months of 2024. have reached all-time highs, and there is just enough demand from buyers to keep prices rising steadily. homes changing hands.
These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyeragents, potentially bringing costs down.
The turbulence in rates has trickled down to individual markets like Cincinnati, where realestateagents say they dont know what to expect from sale to sale. Its unpredictable, said Teena Jackson, a Redfin agent in Cincinnati. Altos considers anything above 30 to be indicative of a seller’s market.
As a realestate brokerage leader with decades of experience, I know firsthand that every connection counts, so having the right words at your fingertips is essential. That’s where text messaging for realestateagents comes in — it’s quick, personal, and gets straight to the point. Give Market Leader a try!
Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3% year-over-year, in part because to builders’ efforts to attract buyers with incentives including cash toward closing costs and mortgage-rate buydowns.
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