Property Invests
Housing market faces rising listings and economic concerns. Customer confidence is low, influenced by mortgage rates and economic worries. Experts suggest market could slow even if mortgage rates decrease.
Mortgage rates fluctuate amid bond market volatility. Home loan applications drop. Sellers & buyers must be strategic in the changing market. Inventory rises, home touring slows.
Agent migration analysis reveals tech-enabled brokerages attract top talent. Market share concentrates among major brands. Agent churn stems from dissatisfaction with support and onboarding. Tech offerings are very important.
eXp expands to Turkey, The Agency opens in Vancouver. Plus, moves by Compass, Coldwell Banker, Douglas Elliman, Engel & Völkers, Century 21 & FirstTeam mark realty market growth.
Brokers challenge NAR's mandatory membership policies and subscription fees in multiple states, arguing they should not be forced to pay inflated fees to access MLS listings after the NAR settlement.
HomeServices of America focuses on empowering agents by streamlining operations with technology and adapting to local markets, guided by Chris Kelly, the new CEO. Includes NAR teamwork discussion.
Latest real estate tech: Reloq's AI RE-Engage, Zillow's Showcase insights, REDX Caller ID, and Place acquires Remine for expanded MLS services. Innovation driving the property sector.
eXp Realty leaders voice concerns over exclusive listings pushed by brokerages like Compass, highlighting potential fair housing issues, antitrust problems, and limited seller exposure. They've introduced a new disclosure form for sellers.
Chris Kelly succeeds Gino Blefari as CEO of HomeServices of America. Blefari becomes chairman emeritus. Focus on franchise growth and agent success. Real estate leadership changes.
Zillow Showcase enhances listings with interactive floor plans, leading to more views and faster sales. Tech companies like Collabra, Adx, and Lofty are innovating in real estate marketing with AI and digital solutions.
Home builder confidence declined due to tariff-induced rate volatility, labor shortages, and land scarcity. Tariffs are increasing costs, impacting consumer and company behavior. Confidence is down from last year.
Home price growth is slowing, with potential declines in some markets, particularly Florida. New listings remain strong despite economic uncertainty. Experts question if financial turmoil will drive prices down. Keep eye on 2022 patterns.