Independents and regional brokerages face competition from national players like eXp. Family-owned firms are becoming vocal. Consolidation continues, but independents see opportunities with local focus and quality listings.
Mortgage rates fluctuate around 6.84%. Affordability remains a challenge. Buyers should negotiate deals as sellers offer concessions below asking prices. Economic uncertainty impacts the housing market.
Don't overlook your MLS! It's more vital than you think, impacting listings, clients, and profits. Maximize its potential. Avoid system fragmentation & data duplication to boost real estate success.
Small real estate investors are increasingly shaping the housing market. While overall investor activity saw modest growth, their market share surged due to decreased buyer activity and affordable housing opportunities in 2024.
Keep pace with real estate shifts like leadership changes (Warren Buffett), Redfin's impact, and market performance. Stay informed to guide clients and adapt to competition. Changes signify new tech, support or stress.
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.
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.
