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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 housingmarket, and other hot-button industry issues.
The role of the realestateagent 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. This was unambiguous among homebuyers.
Commissions paid to realestateagents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Sellers are more and more wanting to pay 2% to a buyer’s agent,” said Jonathan Chvala, a Redfin Premier Agent in Chicago.
Understanding that realestatehousingmarkets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. We then rank agents that were located within any of the 50 cities that makes up the inaugural list for City Rankings.
Whether you’re looking to start a career in realestate, already have one or are involved in realestate transactions, you may find yourself wondering about industry terminology and job titles. So, let’s start with the basics: What is a realestate broker vs. an agent? Why become a realestate broker?
Its hard to imagine something more disruptive to a housingmarket than a hurricane. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market.
Youve likely heard about realestate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its important to understand how realestate teams work for you to decide whether its the right career move for you. How do realestate teams work?
In this industry, some specific housingmarket terms bring about more worry to American consumers than others. While the term may sound scaryand is most definitely illegala new survey from CertifID showed how many first-time homeowners are at-risk or more likely to be victims of realestate wire fraud.
Despite the frequency of departures, realestateagents in the state say the housingmarket remains strong. We are still experiencing the multiple-offer phenomenon, although it is not quite as prevalent as it was a year ago, said Linda Feinstein , a Hinsdale, Illlinois-based agent for Compass. as of Jan.
An expensive housingmarket doesn’t necessarily translate into a lucrative one for realestateagents. That’s according to a new report from Clever RealEstate , a company that connects homebuyers and sellers with agents. in terms of how friendly they are to agents.
Realestateagents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. In this article, weve compiled 49 compelling realestate newsletter ideas and subject lines. So, where do you start?
The housingmarket got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. 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.
Realestateagents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. But the one component of the CPI that remains stubbornly high is housing costs, which makes up a third of the index.
With market uncertainty, realestateagents had been sticking with their current brokerage., According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents begin switching brokerages at a faster rate than 2023. but that’s all starting to change. respectively.
Optimism is a prerequisite for success as a salesperson, and realestate professionals have it in spades. At the Tom Ferry event last month and at the National Association of Hispanic RealEstate Professionals (NAHREP) going on right now, this attribute is on display everywhere. We’re professionals.
It’s a weird time to be a realestateagent , and I see it all around me here in the Denver metro. Brokers who rode the proverbial wave of realestate during the pandemic and have now had to reroute or pivot to figure out how to navigate a market that was once boasting the lowest rates in decades are disoriented.
Brokerages are scrambling to adapt to the post-settlement landscape of realestate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on their income statements.
The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the realestatemarket from various perspectives: brokerage leaders, mortgage professionals, and realestateagents. This diversity allows for a comprehensive understanding of the market dynamics.
Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as realestateagents continue the trend of switching brokerages at a faster rate than 2023. Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted.
A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housingmarket conditions ranking among their top fears, according to a recent survey by Clever RealEstate. These markets also have larger supplies of homes, with about 3.5
And it’s not just me because the overwhelming feedback from realestateagents and homeowners is that prices have really leveled off. What words are you using to describe the market right now? Let’s talk […] The post Why Im calling the housingmarket flat first appeared on Sacramento Appraisal Blog.
The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the realestate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. reflecting ongoing adjustments in the market.
For agents navigating and servicing the American housingmarket , acknowledging its profound evolution over recent decades is crucial. Looking back to the 2005 and 2006 realestate peak, lofty home prices reached a then staggering-sounding high of $230,200 in July 2006. year-over-year increase to 70,829.
Climate change is having a pronounced impact on the housingmarket, particularly when it comes to the accelerating risks of extreme weather events in areas that were already vulnerable to impact. “The lenders […] are really in the best position to make sure there’s the right consideration of the long-term risk,” Gordon said. “A
Offer your database an annual realestate check up. “Hi Today’s call is about business you see NAME many of my clients and friends have been calling me and asking me what is happening in this realestatemarket. In fact I am even offering all my friends and clients an annual realestate check up.
Gen Z is slowly entering the housingmarket with the lowest household income, and theyre more likely to be single than other buyers, Lautz said. Role of agents Eighty-eight percent of buyers used a realestateagent to purchase their home, with younger millennials the most likely to do so (90%).
You might have heard about AI in sci-fi movies or tech conferences, but do you know that it’s a game-changer for realestateagents too? Artificial Intelligence (AI) is your secret sauce to becoming the ultimate authority in the realestate world. That’s right! So, what are you waiting for?
“Given the erosion of housing affordability due to higher home prices and mortgage rates , the household income for those who successfully purchased homes jumped by nearly $20,000 and topped six figures for only the second time in our records,” Jessica Lautz, NAR deputy chief economist and vice president of research, said in a statement. “In
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.
When I first started in realestate , I thought my job was solely about helping buyers and sellers. Realestateagents have the privilege of guiding people through one of their biggest life decisions. We agents can also strengthen the communities we serve.
In the nearly two months since a Missouri jury found the realestate industry liable for colluding to artificially inflate realestateagent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.
A majority of agents believe 2025 is going to be a great year for the housingmarket. Around 85% have an optimistic outlook , and 70% believe the market will be more stable, according to a new survey from Clever RealEstate. That will likely make it a busy year for realestateagents.
We’ve all witnessed the housingmarket slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. Many sellers have returned to offering concessions and dropping prices to entice buyers.
Outsiders to the realestate industry may assume that the tight market has realestateagents hanging up their hats. In reality, today’s agents are seizing the market and feeling confident. Realestateagents are still confident in the industry and the market.
rental market has become more competitive than ever, driven by a combination of rising demand, limited availability due to a lack of new rental housing supply, and regional economic pressures. A market under pressure: rising rents nationwide Rental prices across the U.S. have continued to surge.
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.”
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 housingmarket. Younger millennials (90%) were the most likely to use an agent.
“The housingmarket is getting back to normal.” UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Market Update (sign up (for realestateagents)) 7/20/2022 Beer & Stats at Out of Bounds (sign up (for realestateagents)) 7/26/2022 […]. Well, yes and no.
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.
The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housingmarket sentiments and challenges faced by realestateagents, brokers, and mortgage professionals. The primary challenges across the board involve operational efficiency, training, recruitment, and adapting to market changes.
One example is Colorado’s housingmarket, which has seen the effects of an insanely competitive market combined with low inventory push buyers into secondary cities – and sometimes, beyond. So, how are Pueblo realestateagents handling the unprecedented housingmarket activity?
The realestatemarket has witnessed significant fluctuations over the years, and the accompanying challenges for realestateagents can offer valuable insights and opportunities. This collapse not only devastated the housingmarket but also triggered a global financial crisis.
It is fitting that the 2024 Summer Olympics in Paris are the backdrop for the final two weeks leading up to when the realestate industry will undergo its largest structural change in decades — a feat of near-Olympic proportions. Like the athletes in Paris, Realtors and brokers across the U.S.
housingmarket 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. HousingMarkets The median household income for the average homebuyer increased from $107,000 in 2022 to $108,800 in 2023.
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