Author Archives: Patrick Kearns

Redfin launches self-guided tours for vacant properties

By Patrick Kearns | April 23, 2020 - 6:46 pm |April 23, 2020 Uncategorized

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Prospective buyers can let themselves into vacant homes using the Redfin app. Continue reading →

Keller Williams franchises are reducing fees amid slowdown

By Patrick Kearns | April 23, 2020 - 5:27 pm |April 23, 2020 Uncategorized

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Franchises across the country are having discussions about ways to help agents financially, according to KW President Josh Team. Continue reading →

Opcity leaders elevated following epic shuffle at realtor.com

By Patrick Kearns | April 23, 2020 - 3:10 pm |April 23, 2020 Uncategorized

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A changing of the guard at the real estate portal also led to the ousting of two longtime executives. Continue reading →

4.4M file for unemployment

By Patrick Kearns | April 23, 2020 - 12:57 pm |April 23, 2020 Uncategorized

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More than 26 million individuals have filed for unemployment since COVID-19 began spreading throughout the country. Continue reading →

Fannie Mae forecasts mortgage rates under 3% for 2021

By Patrick Kearns | April 22, 2020 - 8:52 pm |April 22, 2020 Uncategorized

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The average rate on a 30-year fixed-rate mortgage could hit 2.9 percent in 2021, according to Fannie Mae’s April housing forecast. Continue reading →

Compass cuts salaries and admin staff hours

By Patrick Kearns | April 22, 2020 - 8:21 pm |April 22, 2020 Uncategorized

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Compass is cutting staff salaries across the board a month after laying off roughly 15 percent of its staff. The move comes at the same time the company continues to add new agents, even during a market slowdown. Continue reading →

Home prices up 5.7% in pre-quarantine February: FHFA

By Patrick Kearns | April 22, 2020 - 1:20 pm |April 22, 2020 Uncategorized

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The data doesn’t yet reflect the impact of COVID-19. Continue reading →

As aging urban cores get more expensive, a source of affordable housing diminishes

By Patrick Kearns | April 21, 2020 - 8:43 pm |April 21, 2020 Uncategorized

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Sam Khater, chief economist at Freddie Mac, believes we’re starting to see American metros becoming more like European cities, where low- and middle-income individuals live in the suburbs, rather than dense urban cores. Continue reading →

Corcoran continues Florida growth, expands into panhandle

By Patrick Kearns | April 21, 2020 - 3:36 pm |April 21, 2020 Uncategorized

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Hilary & Reverie and 30A Realty are both affiliating with Corcoran, giving the brand a new 80-agent franchise in Northwest Florida. Continue reading →

Realtor.com extends agent billing relief

By Patrick Kearns | April 20, 2020 - 4:41 pm |April 20, 2020 Uncategorized

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The company is offering agents a 30 percent reduction on billing or the opportunity to push their contract a month. Continue reading →