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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 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. Declining satisfaction, economic worries Agent morale has dropped 5% since last year, with just 21.2%
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.
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.
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?
There is an endless supply of realestate statistics out there, but what the heck do you do with all of them? Stats are the fuel to the fire of the realestate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them.
Anywhere RealEstate , Douglas Elliman, and eXpall among the largest in the country grew revenue less than 1%, 4%, and 7% year over year, respectively. Consumers purchase homes, but Compass touts its technology among prospective realestateagents. Because agents are the heart of the business.
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.
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?
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. Core inflation — which excludes food and energy costs — sank to 3.2%, a key indicator for the Fed.
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.
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.
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?
Inventory is still low and that’s exactly why it’s important to target the sellers who are more likely to move. Offer your database an annual realestate check up. “Hi In fact I am even offering all my friends and clients an annual realestate check up. Perfect your process. Then choose another!
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. “
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.
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.
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.
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.
” 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.
Statara Solutions has expanded its Statara Media Platform to include digital audio advertising, allowing realestate professionals, associations and advocacy groups to target audiences through podcasts and streaming radio. The update was rolled out after months of beta testing. ”
A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housing market conditions ranking among their top fears, according to a recent survey by Clever RealEstate. months of inventory at the current sales pace compared to the national median of 2.8
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. Why or why not?
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. Foster relationships with other realestate professionals, potential clients, and relevant service providers.
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.
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%.
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.
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.
Miami stands as one of the most dynamic and valuable realestate markets in the United States. This places Miami among the top-tier realestate markets in the country, attracting both local and international buyers and driving intense competition among realestateagents. As of Sept. Click Here
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.
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.
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.
Chicago has cemented its position as one of the most valuable realestate markets in the United States, recently surpassing the $1 trillion mark in realestate asset value. Despite this current inventory, Illinois as a whole has experienced a significant decline in available homes compared to pre-pandemic levels.
realestate scene with its rapid growth and increasing appeal to homebuyers. This inventory has only fueled competition among the city’s realestate professionals. RealTrends Verified analysis shows that to break into Charlotte’s top 25 agents, you need to clock in over $23.3 As of Sept.
Rocket Companies has unified its realestate search platform with its mortgage lending platform to create a single resource where home buyers can search and purchase homes, making the process swifter and more efficient. The post Rocket Unifies its RealEstate Search and Home Financing Platforms appeared first on MortgageOrb.
Victims displaced due to the Los Angeles wildfires are straining Southern Californias already tight realestate and rental markets, according to a report from Homes.com. As rental inventory continues to decrease, Californias Department of Justice is cracking down on price gouging.
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.
. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.
RealEstate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow , accusing the company of anticompetitive behavior related to showing certain homes on its platform. RealEstate Tech Demo Hour. Tune in March 16th to experience demos from the most innovative realestate technology solutions.
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.
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.”
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