Real Estate News by RealEstateNews.com
Objective, in-depth coverage of residential real estate news, data, technology and trends for real estate agents, real estate brokers and executives.
Agents see a brighter sales outlook ahead - realestatenews.com
Oct 29, 2024 · Two new surveys point to increasing optimism despite mortgage rate and election uncertainty, a sign that post-settlement anxiety could be waning. Real Brokerage said that 64% of agents surveyed are optimistic about the real estate market over the next 12 months. A separate report from John Burns ...
Today’s buyers look vastly different from a generation ago
1 day ago · Key points: The share of first-time buyers dropped to a record low of 24% of all buyers, NAR reported. Buyers are also waiting longer to make a purchase: The typical age of both first-time and repeat buyers hit new highs.
Real estate in for a fright as mortgage rates return to 7%
Oct 28, 2024 · Rising rates are becoming a fall tradition, but unlike pumpkin spice, they are no treat for an industry hoping for a late-season rally. Mortgage News Daily reports that the rate on an average 30-year loan reached 7% on Monday, Oct. 28, marking the third straight year that rates have climbed to that level in the fall — and a big jump from just a month ago, when rates hit a low of 6.08%.
Housing Market Decoded: Can we predict where mortgage rates …
Oct 16, 2024 · Decisions in residential real estate are often based on market data — sometimes conflicting, often confusing. Housing Market Decoded, authored by economists and other market experts, helps put the data in context so you can make sense of the numbers. In theory, lower mortgage rates should bring ...
New home sales take off; market remains grounded overall
Oct 24, 2024 · September’s lower mortgage rates may have given a boost to the new construction sector, but buyer enthusiasm could be waning as rates climb back up. New home sales were up 6.3% compared to a year ago, a stark contrast to existing home sales, which have stalled out this fall. Mortgage rates are ...
4 more brokerages file preliminary settlements
4 hours ago · Preliminary settlement agreements were filed for four more brokerages in the Gibson/Umpa commissions case, pushing the total settlement fund to more than $1 billion. Last week, the judge overseeing the case gave final approval to nine other settlements worth around $110 million despite a number of ...
Trends 2024: Big brokerages are scooping up more deals
Jan 29, 2024 · Bigger brokerages, more market share. Production is increasingly concentrated among the nation's largest brokerages. For example, the five largest brokerages increased their sales volume market share by 69.3 percent between 2017 and 2022, larger than any other Mega 1000 segment and more than double the Mega 1000 as a whole.
Top 1000 Brokerages (Mega 1000) by Sales Volume
T3 Sixty ranks the nation's top 1,000 residential real estate brokerages by sales volume as of Dec. 31, 2021. The report also includes the top 100 brokerages by transaction sides and agent count.
Homebuyer sentiment is up, but for how long?
Oct 7, 2024 · Homebuyer sentiment reached its highest level in more than two years in September, but that may not last as mortgage rates continue to rise. The Fannie Mae Home Purchase Sentiment Index jumped 1.8 points last month to 73.9, fueled by the expectation that mortgage rates will decline in the next 12 months.. Optimism around rates was at a survey high, according to Fannie Mae, with a record 42% of ...