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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. And that’s true.
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.
For the first time, the Austin Board of Realtors (ABoR) is opening up access to its Unlock MLS platform to non-Realtors. Starting June 1, real estate agents who are not certified Realtors will be able to subscribe to Unlock MLS without joining the 20,000-member ABoR. a month, or $575.64 a month, or $575.64
As the recovery continues, the California Association of Realtors (CAR) said that residents should accept change instead of fighting it. California is also prohibiting unsolicited offers below market value. According to Zillow , there are more than 50 active listings, with the average market value in the area at roughly $1.29
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?
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.
As housing affordability reached its lowest point since 2006, one group stood out in defying market trendssingle women. According to a National Association of Realtors (NAR) survey , many are cutting back on non-essential spending, canceling vacations, and even taking second jobs to save for a down payment and afford homeownership.
In some states, the door has been open for many years to real estate agents who want to access their local MLS without being a Realtor. This is the exact move that the Phoenix Association of Realtors (PAR) and the Austin Board of Realtors (ABoR) made recently.
The Phoenix Association of Realtors (PAR) has blinked first in its game of chicken with the National Association of Realtors (NAR). The groups announced Thursday that theyve come to an agreement that will pare down PARs membership option to agents who are not Realtors, bringing PAR into compliance with NARs bylaws.
So, when many in the real estate industry correctly anticipated changes to the agent commission structure — which were solidified by the National Association of Realtors’ (NAR) settlement following the jury verdict in the Sitzer/Burnett lawsuit nearly a year ago — there was quite a bit of fear about how first-time buyers would be impacted.
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.
Instead of buying pre-qualified leads, agents will be able to connect with consumers organicallythrough decentralized AI-powered search, hyper-personalized recommendations, and direct engagement that doesnt require a middleman to access the market. History suggests that market leaders rarely drive true transformation.
Michael Nourmand, president of Beverly Hills-based Nourmand & Associates Realtors , said in an interview Wednesday with HousingWire that safety is the top priority. Nearly 2,000 homes, businesses and other structures have been destroyed, with many displaced residents scouting for rental properties and temporary shelter.
Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. Working with an excellent realtor to assist price and market a house listing will be more crucial than in previous years.
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.
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.
Ohio REALTORS, one of the largest and most influential real estate associations in the Midwest, has announced its partnership with HousingWire , the leading source for housing market news and information. “At Ohio REALTORS, our mission is to be the indispensable professional partner for our members and brokers.
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.
A new report from the National Association of Realtors (NAR) surveyed buyers and sellers on what they want from their real estate agents. Help with marketing their home was the top response from sellers at 22%, while pricing the home competitively was a close second at 20%. Help negotiating with buyers registered at just 13%.
Davis believes that by aligning with the right lender and expanding product offerings, originators can position themselves as valuable partners in a shaky market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Helping Realtors close more transactions is invaluable.
Californians deserve a reliable insurance market that doesnt retreat from communities most vulnerable to wildfires and climate change , Lara said in a statement. My Sustainable Insurance Strategy is focused on addressing the challenges we face today and building a resilient insurance market for the future.
The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. In an email sent to members on Oct. NAR’s Clear Cooperation Policy was established in 2020.
The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. The housing industry is getting an early Christmas gift. million, a 4.8% increase year over year.
Compass says that the listings protect home sellers against negative insights, such as days on market. At Compass we are advocating for homeowners to have control over how their listings are marketed, Reffkin said in a statement. Coming Soon is part of Compasss three-phase marketing plan for homes.
Real estate professionals and even some local Realtor associations have begun pushing back against the National Association of Realtors (NAR) three-way membership. Phoenix Realtors (PAR) is one such association exploring alternative membership structures, but NAR is not having it.
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% After falling 2.5% from July to August , sales again trended down last month, dropping 1% to a seasonally adjusted annual rate of 3.84 in September. from August and down 6.1%
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.
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.
The Alabama Association of Realtors is calling out for change in national membership models. But according to many in the industry, Realtors in Alabama are not the only ones seeking more choice. Image created by AI in Midjourney.) If we fail to act, we may lose these members forever.
About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Moreover, buyers could incur an additional $12,944 in commission costs on the average home if sellers opt not to pay the buyer’s agent commission following the National Association of Realtors (NAR) settlement in August.
Data released Thursday by the National Association of Realtors (NAR) shows that during the third quarter of 2024, home prices grew in 87% of the 226 metropolitan areas analyzed. Home prices remain on solid ground as reflected by the vast number of markets experiencing gains,” NAR chief economist Lawrence Yun said in a statement.
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
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%
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.
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%). While the U.S.
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. NAR data showed a 6.1%
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.
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. Defendants in the lawsuit, which was filed in U.S.
The National Association of Realtors (NAR) and several other defendants are making another attempt at having the Hardy antitrust lawsuit dismissed. Plaintiffs take issue with being Realtors, including as members of Realcomps alleged shareholder associations, the motion states.
HousingWire, the leading source for housing market news and information, announced its partnership with Columbus Realtors, the largest city-based Realtor association in Ohio. Columbus Realtors aims to be the leading voice of real estate in central Ohio.
Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. According to the National Association of Realtors (NAR), only 24% of recent buyers were first-timers. By comparison, first-time buyers comprised 40% of the market before 2008.
The housing market in 2024 was about as frustrating for the real estate industry as you can imagine. Its a stunning number given how bad the market was in the years after the financial crisis in 2008. Whether 2025 will be a better market depends on who you ask. Consider the numbers. But new-home sales are a relative bright spot.
(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. In the markets where we have high supply, we typically see more sellers offering compensation.
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