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With fewer homes on the market, sellers are facing less competition in attracting the now more limited pool of buyers.

When a recession occurs, it affects many facets of real estate including foreclosure rates. Homeowners have more equity than in 2008, and economists and experts  aren’t predicting a wave of foreclosures, however there’s always a chance we’ll see an uptick in foreclosures. 

As market conditions shift and homebuyer demand slows, new agents who have only know the COVID market are having to learn and adapt.

The market is quickly rebalancing and, after two years of unprecedented growth, home values fell slightly from June to July, according to the latest market report from Zillow.

Existing home sales fell 5.9% in July from June to a rate of 4.81 million, according to NAR.

The real estate market is ever-changing, but it’s not all doom and gloom. As a leader, you can make choices to positively impact your brokerage firm.

During the week ending June 20, Zillow found that home sales in the lowest price tier were down 14.2% annually.

More homebuyers backed out of purchase agreements in July, as mortgage rates rose and demand cooled, giving buyers bargaining power.

When it comes to generating and converting leads, it comes down to relationships. Here’s how to use your social media and database to get started.

The LGBTQ+ Real Estate Alliance today unveiled its second-annual LGBTQ+ Real Estate Alliance Top Producers list which honors 325 individual member agents and teams, an increase of 20% over the last year’s inaugural list.