Sat.Jan 06, 2024

article thumbnail

Fewer homes will take a price cut in spring 2024

Housing Wire

Will the number of homes that take a price cut this year drop below 2023 levels? Yes! If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year.

Inventory 542
article thumbnail

Most agents barely making it in this ‘part-time industry’

Real Estate News

In its latest report, the CFA continues to cast a critical lens on what it sees as a bloated industry where too few agents can succeed.

Agents 312
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

You sold HOW MANY houses last year? The Download

Inman

A "glut" of agents, low inventory and a down market mean part-timers now make up the majority of real estate professionals, according to the Consumer Federation of America. What does that mean for clients — and for the industry?

article thumbnail

Brokerage Beat: News from The Agency, RE/MAX, Sotheby's, more

Real Estate News

The Agency Seattle grows; RE/MAX nabs Houston indie; Sotheby's now in Anguilla; C21 adds W. Virginia firm; top NY agent back at Compass; Corcoran firm expands.

Brokerage 263