Moving on up? The realities for market-changing agents

In this month’s situation: Veteran agents may find that leaving their current market for greener pastures doesn’t always work, since their current success may have more to do with their network than their business acumen. Continue reading

Luxury housing market plunges to new low as priciest inventory rises

Stock market declines and recession concerns stopped the luxury market in its tracks in Q3, with home sales in the top percentile of the market declining 38 percent year over year, according to Redfin. Continue reading

Cold winter looms as pending home sales fall for 6th-consecutive month

The number of homes that went under contract in November dropped by another 4 percent, signaling a slow winter, according to data released Wednesday from the National Association of Realtors. Continue reading

The 2023 housing market: A real estate ‘reckoning is at hand’

Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won’t change much while mortgage interest rates will continue to dip. Continue reading

Homes could get more affordable even if prices don’t come down

Homebuyer affordability could improve by 9 percent by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts. Continue reading

Home prices fall again as real estate analysts eye a ‘correction’ in 2023

National home prices tallied a 0.5 percent monthly decrease between September and October, according to data released Tuesday by real estate analytics provider CoreLogic. Continue reading

Monthly payments drop $300 and some homebuyers wade back in

As home price growth has slowed, mortgage payments have decreased and days on market have risen, homebuyers dip their toes back into the market, according to a new report from Redfin. Continue reading

New-home sales continue modest rise — but market ‘lull’ lies ahead

New-home sales rose 5.8 percent to a seasonally adjusted rate of 640,000, according to data released Friday by the U.S. Census Bureau and Department of Housing and Urban Development. Continue reading

Sink or swim? That’s up to the agents

Expert John Aaroe is not afraid to ask the hard questions. Brokers need to step up and ensure the survival of the company. How much are they willing to invest to make company culture work to save their business? Continue reading