First-time homebuyers may not be who you expect, NAR says
Don't forget to study: NAR advises first-timers to seek out the help of a real estate professional (naturally), but reminds consumers to do their homework before deciding on an agent.
eXp continues to lose agents, but transaction volume gets a boost
Revenue for international transactions has increased by 63% over the last 12 months, and the company plans to open locations in TĂĽrkiye, Peru and Egypt in early 2025, Sanford said.
House prices hit record high, says Halifax
Guy Gittins, CEO of Foxtons, says that while homebuyers were disappointed about the lack of a stamp duty relief extension in last week’s Budget, “the vast majority have already factored this increased cost into their plans for 2025 and those currently looking to purchase still have time to complete before the deadline at the end of March next year”.
The election is over — what does it mean for interest rates?
Many people believed the election outcome wouldn't be clear for a day or more after polls closed — but Donald Trump's decisive victory has provided a bit of early certainty to investors, who now have a sense of what policy changes might be coming.
Brokerage Beat: ERA and C21 affiliations; an NFL career change
"This was one of the driving factors behind the decision to affiliate with the Century 21 brand, as we now have new networking capabilities to meet other real estate professionals who can provide more ideas to keep our business refreshing and fun."
Agents see a brighter sales outlook ahead
The present and future of residential real estate sales is rapidly evolving, but it's the agents on the front lines who can help industry watchers better understand what's really happening in the trenches.
NAR board punts decision on Clear Cooperation
Instead, the MLS Technology and Emerging Issues Advisory Board, which met last week to continue reviewing the contentious policy, "opted not to make a recommendation about CCP or take any other action," a spokesperson for the National Association of Realtors told Real Estate News on Monday.
Judge approves brokerage settlements totaling $110 million
The company issued a statement after the settlement hearing, saying, "As the only U.S. brokerage that has saved consumers more than $1.6 billion in fees, Redfin never belonged in this case, and we're glad to resolve it and move forward."
What’s spookier, ghosts or mold? Owners and buyers weigh in
A survey from Clever and Real Estate Witch found that a large number of Americans would rather deal with ghosts in their home than a host of other situations — including a neighbor with unfiltered political views, a sure sign that it's an election year.
Brokerage Beat: News from C21, Christie’s Real Estate, KW, more
Bowers said Century 21's support of technology and marketing, lead generation, agent learning and coaching were among the offerings that attracted her to the brand — as well as its "unparalleled name recognition not only in the real estate industry but also to general consumers as a whole," she said in a news release.
New home sales take off; market remains grounded overall
Sales in the Midwest were especially strong, rising 19.2% on a year-to-date basis, noted Jing Fu, director of forecasting at the National Association of Home Builders.
8 of the best properties for sale with fishing rights
A restored, 1750s residence with 340 metres of fishing legal rights on the River Irthing. It has oak floorings, fireplaces and a morning meal cooking area with gliding doors leading onto a terrace. 4 beds, 3 bathrooms, 3 receps, orangery, yards, paddock, timberland, 5.4 acres. In 2000 Natasha started working as a self-employed journalist for...
A disappointing September pushes home sales to 14-year low
Total existing home sales hit a 14-year slump, falling 1% in September compared to August and declining 3.5% year-over-year, according to the latest data from the National Association of Realtors.
8 of the best houses for sale with wine cellars
A 17th-century residence with sheds that consist of a temperature-controlled wine underground chamber. Your house has beamed ceilings, panelled walls, inglenook fireplaces with wood-burning cooktops, and a country cooking area with an Aga. 7 beds, 4 baths, 3 receps, 2 kitchens, heated swimming pool, 5.5 acres. A prolonged Grade II-listed ranch on the edge of...
Douglas Elliman CEO resigns as company faces multiple challenges
"With a strong balance sheet, robust pipeline of projects in our development marketing business, and the competitive advantages provided by our dedicated team of world-class agents, I am confident that Douglas Elliman's brightest days are ahead," he said, adding that his efforts are aimed at "maximizing shareholder value."
A danger foretold: NAR’s waning dominance
But they are facing it with optimism, with DMAR CEO Brendan Bailey saying the new leadership of the MLS "promises to create exciting new opportunities for the real estate community, enabling us to better serve our clients and succeed during this pivotal time for the industry."
Is property becoming uninsurable?
Yes, and one with vast implications. By making some building and some locations uninsurable, for instance, climate adjustment has the possible to drive property costs down, or crash them altogether, states The Economist. Home is the world’s most significant asset class, making up concerning two-thirds of international riches. Mortgages work as security in money markets...