This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. Affordability remains the biggest challenge agents foresee in the next five years, with 64.2%
Despite the frequency of departures, realestateagents in the state say the housing market 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.
Redfin cited a number of reasons for this increase in the nations housing inventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. month-over-month, and 4.7% year-over-year.
California Attorney General Rob Bonta announced last week that criminal charges have been filed against a realestateagent who allegedly tried to price gouge a couple who lost their home in the Eaton fire. But inventory is rising and conditions favor sellers in many areas.
A realestateagent at Compass Florida in Coconut Grove, Schechter has 12 years of experience in the realestate industry, so he’s familiar with its cyclical ups and downs. But what about realestateagents? The post How is the housing market impacting realestateagents?
With market uncertainty, realestateagents had been sticking with their current brokerage., While inventory is still low, professionals are seeing light at the end of the tunnel. Agent Movement Index – Trailing 12 Months The monthly AMI value finished at 93.6 but that’s all starting to change.
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.
With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Interest rates, a key determinant of the realestate market’s health, are on a downward trend. Will we get more inventory? That’s the name of the game in realestate.
Housing market inventory is low right now. According to the National Association of Realtors’ existing home sales report in August, inventory was down 13.4% Burns is a luxury realestateagent in Maui, Hawaii and Clark is a patent and intellectual property attorney in the Washington D.C. Historically low.
cities determined that Seattle is the top market for realestateagents to currently work in, and Corpus Christi, Texas, was deemed the worst. In studying the cities, two factors were considered — job opportunity and competition, and realestate market health. A recent WalletHub study of 179 U.S.
Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “
As Americans ditch urban cores for roomier abodes in the suburbs, realestateagents say the list of must-haves has changed: buyers are looking for pools, home offices and makeshift learning centers. In Dallas, even though demand is through the roof and inventory is low, buyers remain choosy. The post Two home offices?
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. of responding specialists agreed.
Realestateagents in the area put their business interests aside , and many reported helping their clients board up their homes and ensure they were prepared for the aftermath. While all five cities showed an inventory drop during the weeks immediately before and after the hurricane, the largest declines were less than 10%.
” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I Hamblen said that there’s about a month-and-a-half worth of inventory in the Long Island market and she is expecting a strong end to 2020.
Sellers, homebuyers turned to realestateagents for help The vast majority of buyers still used an realestateagent to purchase their home. In 2023, 89% of recent buyers hired an agent to purchase their home, up from 86% in 2022.
For a number of factors, the proportion of newly constructed homes for sale has decreased from its peak, including: The market has seen an increase in existing inventory. The total supply of inventory of single-family homes is up 22% over the previous year. Overall U.S.
Bonnie Williamson never intended to be a realestateagent. As more and more people enter the realestate industry – membership at the National Association of Realtors has ballooned to a record 1.6 For brokerages – and agents themselves – transaction sides and sales volume are easy ways to measure productivity.
Nearly half of respondents said they would feel more secure selling if they had already secured a new home (45%), received a cash offer (44%), or were working with a trusted realestateagent (43%). months of inventory at the current sales pace compared to the national median of 2.8
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.
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. The answer is undeniable.
The severe lack of inventory in today’s housing market has been a source of stress for home buyers and realestateagents alike. HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing.
Inventory is still low and that’s exactly why it’s important to target the sellers who are more likely to move. This increases your chance of listing opportunities. I suggest finding at least one new opportunity from the list shared below. Perfect your process. Then choose another!
Beginning a career as a realestateagent is an exciting time. That’s why new agents shouldn’t miss these three panels at HW Annual that will set you up for a long, successful career. . This panel will cover home prices, the state of housing inventory, the future of mortgage rates and the housing recession.
Through the investigation, the attorney generals office learned that after being evacuated in the Eaton fire, the family contacted their realestateagent to find a rental property and inquired about a home in Glendale. Bontas office filed charges against another agent last Wednesday.
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. But on a comparable home, another of her clients had an offer below the asking price accepted.
The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for realestate pros, not to mention the buyers and sellers they serve. In life, we sometimes find ourselves plunging headfirst in t o the unknown.
Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. The over 50% inventory being moved is more than half of the 18,000 number, a company spokesperson said Thursday. billion, or 68%, of the company’s revenue in the third quarter.
It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”
No matter where you are in the state, realestateagents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I For Matt Salway in the Virginia Beach metro area, the tight inventory conditions are creating a rather hot market.
As rental inventory continues to decrease, Californias Department of Justice is cracking down on price gouging. So far the states attorney general has pressed charges against two realestateagents over alleged price gouging.
While Northwest Ohio ’s housing market has remained fairly strong in recent months, local realestateagents say things become a bit more complicated when you segment the market by price point. 1 challenge for his buyers is the current inventory situation. It is inventory. For Campos, the No.
First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers. The most helpful source of information during the house hunt was the agents themselves.
First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers. Meanwhile, current homeowners can more easily make housing trades using built-up housing equity for cash purchases or large down payments on dream homes.”
Why sales are falling through Redfin said several factors are contributing to the spike in failed transactions: Rising supply , falling demand : Housing inventory has climbed to its highest level since 2020, giving buyers more choices. These markets remain seller-friendly, with low inventory and limited buyer alternatives.
HW+ Member: What’s the number one question you are getting from the realestateagent community on the economy and housing market? I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 This Q&A was originally hosted on June 1st. Then this happened.
Pent-up demand caused the housing market to flare up in February, but as buyers wait for more inventory, it has cooled off in March, according to Josh Felder, a Redfin Premier realestateagent in the Bay Area. The famed city of San Francisco saw the largest increase among the top 50 metro areas, with an estimated 57.2%
While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further.
Consumers purchase homes, but Compass touts its technology among prospective realestateagents. Because agents are the heart of the business. Realestateagent may be a single term, but it covers a multitude of functions: presentation, negotiation, consolation, trouble-shooting, travel, project management.
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. 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.
Predictive analytics in realestate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Realestateagents can use this data to identify motivated sellers and people who are likely to buy a home.
The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the realestate market from various perspectives: brokerage leaders, mortgage professionals, and realestateagents. Agents Low inventory : 37% of agents identified low inventory as their biggest challenge.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content