Home prices could fall by 8 percent, but rising mortgage rates and a “mild recession” will blunt the savings in buyers’ pockets, according to Capital Economics’ new U.S. Housing Market Outlook. Continue reading
All-items inflation rose 7.7 percent in October — down from September’s 8.2 percent. Although its welcome news, housing economists say it’ll take until 2023 for homebuyers to see the savings. Continue reading
After four straight quarters of declines in transaction volume, new listings, projected closings and written contract volume, Keller Williams’ year-to-date sales volume finally took a three percent tumble to $414.7 billion. Continue reading
Rising home prices, mortgage rates and inflation slashed the share of first-time buyers down to 26 percent — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981. Continue reading
Compass must waive broker fees for the first 25 Section 8 renters who lease a property through the brokerage, said New York’s Attorney General, as part of the new terms to an April housing discrimination settlement. Continue reading
EXp World Holdings revenue increased 12 percent to $1.2 billion during the third quarter of 2022; however, its profitability slid 81.5 percent to $4.4 million — a reflection of an increasingly choppy market. Continue reading
On the last day of the Compass REtreat, Compass President of Customer Success Danielle Wilkie sat down with Inman to talk about how a strong culture is key to the company’s 2023 strategy. Continue reading
Five of Compass’ top real estate agents, team leaders and executives shared tips for recruiting, marketing, generating leads and maintaining their mental health during a market shift. Continue reading
Revenue and closed transaction volume both declined 17 percent year over year despite agent count growth of 7 percent over the same period, according to a Q3 earnings report Thursday morning. Continue reading
At his company’s annual REtreat in Atlanta, Compass CEO Robert Reffkin used his keynote to give an honest and intimate review of his company’s post-IPO performance and cast a vision for the future. Continue reading