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In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. To kick off the live conversation, Velt asks a question about the current challenges facing the housing market in 2025. Are they asking about it?
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.
The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. Help negotiating with buyers registered at just 13%.
Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. According to HomeLight ‘s Top Agent Insights report released this week, real estate agents are feeling this and are being forced to switch up tactics to attract buyers.
A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. “We find the strongest supply surges in Southern and Western markets, but more muted improvements in the Northeast and Midwest,” Kushi added.
As the recovery continues, the California Association of Realtors (CAR) said that residents should accept change instead of fighting it. ” Kalin closed his session with tailored advice for agents who are assisting landlords, buyers, and tenants with wildfire recovery. Landlords cannot raise rents by more than 10% until then.
Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. I do not think this trend will go away overnight, even with mortgage rate stability and new inventory in the market. What should Realtors know about this information?
The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. Advocates also argue that buyers will benefit from “reduced home prices.”
Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. Despite the initial concerns, many industry professionals say first-time buyers are currently faring no worse than other buyers — for now, at least.
They explore O’Connor’s personal experience during the Los Angeles wildfires , including evacuation efforts, as well as the current dynamics of the real estate market. Some Realtors mentioned how they only had time to pack a bag. Are you getting a lot of calls from Realtors in other areas? Velt: What are you seeing?
The COVID-19 pandemic turned a number of nontraditional cities into housing market hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Indianapolis has an affordable housing market that will make it attractive. Two markets in the Northeast also stand to flourish.
But because AI is about to reshape how buyers and sellers interact with listings entirely. Nobody is harmed if AI aggregates listings from multiple sources, sharing them directly with buyers. Having a listing reach buyers directly through AI will be a win for buyers, sellers and agents. Not because of a policy change.
Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. Zillow predicts 4.3
The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. Notably, 63% of first-time buyers were surprised by the cost. It was noted that 79% of buyers compromised on at least one priority. Among Gen Z, 49% exceeded their budget—over 1.5
As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. This marked the lowest market share for new homes in three years. market share, while first-quarter 2022 saw a record high of 34.4%. Census Bureau. Census Bureau.
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% While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices. After falling 2.5% in September.
Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% compared to September.
Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.
Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). Pending sales activity had been higher in October and November, and there was some growing optimism that the 2025 housing market could start out strong. Annually, pending home sales were down 5.0%
District Court for the Central District of Utah, include the usual cast of antitrust lawsuit characters: the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America , and RE/MAX. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.
The National Association of Realtors reports that existing-home sales increased in November. More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. Three major U.S. from October to 4.15
(Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement. 17 deadline, much of the industry concern was over how home buyers and sellers would react.
But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents.
The luxury real estate market is on a growth trend early in 2025. as reported by the National Association of Realtors (NAR). Buyers and sellers alike continue to rely on the expertise of Sothebys International Realty agents to successfully navigate an ever-changing market and achieve their real estate goals, White said.
Of the surveyed pool, 42% have sold since late 2022 as rising mortgage rates cooled the post-pandemic market. In August, directly after the NAR settlement went into effect in most markets, Redfin reported that the typical U.S. Almost two-thirds of respondents (61%) go as far as calling cash buyer companies “scams.”
According to a new IPX 1031 survey, an estimated67% of Americans are worried about the real estate market in 2025. housing market, such as the need to carefully negotiate high borrowing rates and agent commissions. 25% will rely on conventional rates, while 45% will directly negotiate commission with their realtor.
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). Buyer Demographics Vary Across U.S.
Stats are the fuel to the fire of the real estate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them. This proves your expertise to clients and allows you to provide them with knowledge about the real estate market.
Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. While the median age of buyers gradually increased over the course of two decades, the COVID-19 pandemic sped it up.
With the National Association of Realtors ( NAR ) reportedly set to vote on the future of its Clear Cooperation Policy (CCP) in the not-too-distant future, the leader of Coldwell Banker Realty is not holding back her feelings about the controversial rule. Debate over the rule has heated up in recent months.
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
The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends.
When the National Association of Realtors (NAR) first started its Profile of Home Buyers and Sellers in 1981, it found that single women were the second largest demographic in the U.S. housing market , trailing only married couples. “The highest share of single women buyers was in 2006, when the share stood at 22%.
With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.
Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. The VA said it will develop a more permanent policy “as the real estate brokerage market restabilizes and new practices take hold.”
According to a new survey from the National Association of Realtors (NAR), in 2024, Realtors indicated that their recent clients choose to move to a certain area mostly to acquire more home for the money (21%), and to be closer to family and friends (30%). Home buyers continue to seek areas where their support systems are around them.”
The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. NAR has also advocated for the VA to change its rule around buyer broker compensation.
Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox. is probably the most cliche real estate marketing advice of the decade. Many Realtors are using Canva to cut their marketing budgets in half. Many Realtors are using Canva to cut their marketing budgets in half.
Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Buyer’s agent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.
This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.
As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.
As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.
Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. Payload has designed a tool to help agents bill their buyer clients.
The National Association of REALTORS (NAR) reports that pending home sales increased in September. Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. September saw a 7.4%
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