New home sales surged in March, reaching a peak since September 2024, driven by lower prices and mortgage rates. Sales increased 7.4% from February and 6% year-over-year, with cheaper homes fueling the market.
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.
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.
Two new board members bring chief finance officer chops to the table: Rachel Glaser (formerly of Etsy) and Christine McCarthy (Disney), while the third, John Berisford, is a former executive with S&P Global, one of Wall Street's most trusted sources of data and insights.
But Markt General Manager Betsy Hanson said in a news release that the tool will also "give MLS subscribers quick and accurate answers, freeing our staff for bigger challenges" by helping to lighten the load of administrative duties, improve service speed, lower operational costs and enhance member interactions.
