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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.

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NAR Forecasts 2024 Existing-Home Sales

Appraisal Buzz

decline in pending home sales, according to the National Association of REALTORS. Economic Forecast NAR projects that even with the Federal Reserve’s reduction in the Fed Funds rate, mortgage rates will still be higher than 6% in 2024 and 2025. million in 2024 and from 2024 to 4.92 May saw a 2.1% million in 2023 to 4.26

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Home prices grew in 93% of markets in Q1 2024: NAR

Housing Wire

metro areas during the first quarter of 2024. Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023 — according to the National Association of Realtors ’ (NAR) newest quarterly report.

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New Hampshire Association of Realtors partners with HousingWire

Housing Wire

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state.

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Florida Realtors CEO: Providing value to your clients

Housing Wire

Florida Realtors is known for the valuable services they offer members, including a Tech Helpline that is nationwide. To go back to the full Gathering 2024 on demand page, go here. Speakers: Margy Grant, CEO, Florida Realtors Open the door to the most powerful room in housing. Watch the full session below.

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NAR membership continues to slide in 2024

Housing Wire

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% Washington, D.C.

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DataDigest: Breaking down housing economists’ 2024 forecasts

Housing Wire

Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. Mortgage rates The experts unanimously foresee lower mortgage rates in 2024, although none expect rates to fall below 6%. million to 5.07

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