Real Estate News by RealEstateNews.com
WEBTech Bytes: News from Restb.ai, @properties, MetroList and Lundy. Expansion connects Restb.ai’s vision tools to nearly three-quarters of a million MLS members; productivity-focused Pipeline added to @properties “pl@tform.”. Real Estate News Staff. September 13, …
New home sales may have hit a rates-related speed bump
WEB1 day ago · New home sales came in at a seasonally adjusted annual rate of 716,000 last month, according to estimates from the U.S. Census Bureau. That's down 4.7% compared to July but still robust compared to a year ago when the annual rate was at 652,000. The median price for the new homes sold last month was …
Housing Market Decoded: The housing deficit, and how to fix it
WEB3 days ago · September 23, 2024. 4 minutes. 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. Both of the major party candidates for president have ...
Redfin ramping up, sees a brighter spring ahead
WEB2 days ago · The Redfin Next program is scheduled to go nationwide on Oct. 27 — faster than originally planned — to make sure it can ramp up for the spring 2025 homebuying season. Aleem said Redfin expects to add "hundreds" of new agents in the coming months because of the program, which offers splits as high …
Buyers backing out of deals in record numbers as market shifts
WEBJul 24, 2024 · More buyers are backing out. According to the Redfin report, roughly 56,000 home purchase contracts were canceled last month, which Redfin says is more than any other June on record. And the main issue, Redfin researchers and agents suggest, is housing affordability and the steep costs to purchase. "Buyers are …
Brokerage Beat: News from eXp, RE/MAX, Real, CB Warburg
WEB5 days ago · SERHANT. was founded in September 2020 by Ryan Serhant as a mobile first brokerage that has an in-house film studio. The firm has doubled in size each year since its founding and is now operating in eight states. eXp adds NY team with 200-plus agents; RE/MAX Key Properties merges with West + Main Homes Oregon; Nicole Reed & Associates gets Real ...
Trends 2024: The 4 main brokerage models, and how they’ve …
WEBDec 11, 2023 · Editor's note: Since 2006, the Swanepoel Trends Report has provided in-depth research and analysis to help leaders understand the forces shaping residential real estate.This exclusive series of excerpts highlights each trend featured in the 2024 report, which was released in November 2023. 4 Primary Brokerage Business Models: The traditional way of operating a brokerage company has endured for ...
Home prices hit record highs, with more gains likely
WEBDec 26, 2023 · Key points: U.S. home prices went up 4.8% between October 2022 and October 2023, according to the Case-Shiller National Home Price Index. Both 10-city and 20-city indexes remain at all-time highs and 8 out of the 20 top cities are still witnessing record price growth.
Brokerage Beat: News from Real, The Agency, ERA, eXp, Coldwell …
WEBApr 6, 2024 · The Real Brokerage adds 13 offices from U.S. and Canada in March. The Real Brokerage Inc. added 13 high-performing offices during March. Three of the brokerages – F3 Home Team of Jacksonville/St. Augustine, Florida; River City Elite Properties of Richmond, Virginia; and the Nussbaum Team of New Jersey – all topped $100 million in sales in 2023. Real has more than 16,000 agents throughout ...
Real Brokerage revenue up 86% as agent count soars
WEBMay 7, 2024 · Revenue: $200 million in Q1, an increase of 86% year-over-year. Revenue also improved nearly 11% from $181 million in Q4 last year. Gross profit: $20.8 million for Q1, which is up from $15.5 million the previous quarter and nearly double the $10.8 million profit from the same period a year prior.
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