Real Estate News by RealEstateNews.com
WEBTech Bytes: News from Restb.ai, @properties, MetroList and Lundy. Expansion connects Restb.ai’s vision tools to nearly three-quarters of a million MLS members; productivity-focused Pipeline added to @properties “pl@tform.”. Real Estate News Staff. September 13, …
Brokerage Beat: News from ERA, Real, BHGRE
WEB11 hours ago · ERA Prime Realty Group was founded by Willie Ray III in 2017; the company affiliated with ERA in 2023. GAP Realty is the third brokerage Ray has acquired since joining ERA. ERA Prime offers mortgage and title services in addition to real estate sales. The team can advise clients on loan origination, …
Housing Market Decoded: Why are home prices still rising?
WEBJul 17, 2024 · In many markets across the U.S., home prices have hit record highs this summer. Higher mortgage rates make buying a home more expensive. In July 2021, for example, when average rates were 2.88%, the typical monthly payment on a $400,000 home was about $2,000. At an interest rate of 7%, the monthly payment on a $400,000 home is now almost $3,000.
Mortgage interest rates soar above 7%, reaching new 2024 high
WEBApr 18, 2024 · The 30-year fixed-rate mortgage averaged 7.1% this week, according to the latest Freddie Mac survey. It's the first time average rates have exceeded 7% in 2024, and a significant increase from a year ago when rates averaged 6.39%. The 15-year fixed-rate mortgage averaged 6.39% this week, up from 5.76% a year ago.
A wave of housing forecast updates point the same way: up
WEBAug 22, 2023 · With only a handful of months left in the year, real estate market researchers from different segments of the industry have started issuing revised forecasts for 2023 and beyond.
Trends 2024: Big brokerages are scooping up more deals
WEBJan 29, 2024 · Not only is an increasing share of sale volume concentrated among the largest brokerages, but the latest data shows that the biggest players also complete a growing share of transactions. The 1,000 largest brokerages accounted for 45.0 percent of all transactions in 2022, up from 36.3 percent in 2017. Moreover, the nation's 100 largest ...
Brokerage Beat: News from United, Compass, The Agency, more
WEBMar 9, 2024 · The brokerage had more than $3.29 billion in sales volume and 5,004 transaction sides in 2023. The firm ranked 88th in the U.S. by sales volume in T3 Sixty's 2023 Mega 1000 list, based on 2022 sales. (Note: T3 Sixty and Real Estate News share a founder, Stefan Swanepoel.) Premiere Plus President …
Real Brokerage revenue up 86% as agent count soars
WEBMay 7, 2024 · Revenue: $200 million in Q1, an increase of 86% year-over-year. Revenue also improved nearly 11% from $181 million in Q4 last year. Gross profit: $20.8 million for Q1, which is up from $15.5 million the previous quarter and nearly double the $10.8 million profit from the same period a year prior.
Brokerage Beat: News from The Agency, RE/MAX, Sotheby's, more
WEBJan 6, 2024 · Sandra Hines and Blake Waggoner of The Hines Group, along with Dave Janssens, who specializes in properties in Seattle's eastern suburbs, will join The Agency Seattle, which opened its doors in 2022.. The Hines Group, led by 20-year veteran Sandra Hines, has consistently ranked among the top brokers in the West Seattle market. Hines was the No. 1 broker by sales volume in 2018 and 2019, and ...
Brokerage Beat: News from Real, The Agency, ERA, eXp, Coldwell …
WEBApr 6, 2024 · The Real Brokerage adds 13 offices from U.S. and Canada in March. The Real Brokerage Inc. added 13 high-performing offices during March. Three of the brokerages – F3 Home Team of Jacksonville/St. Augustine, Florida; River City Elite Properties of Richmond, Virginia; and the Nussbaum Team of New Jersey – all topped $100 million in sales in 2023. Real has more than 16,000 agents throughout ...
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