Today’s RealTrending podcast features Nick Ron, CEO of House Buyers of America, which buys renovates and resells homes. Ron discusses the difference between his company and an iBuyer and how important it is to have a personal touch.
Keller Williams is the latest real estate firm to undergo layoffs. The brokerage confirmed that it laid off 23 employees, or 4.6% of its Austin, Texas, headquarters staff on Thursday. According to one former employee on LinkedIn, the layoffs impacted 75% of the firm’s marketing team. Keller Williams’s employees were notified about the layoffs via […]
eXp Realty has promoted Michael Valdes to Chief Growth Officer. Valdes will lead the eXp Realty and eXp Commercial global expansion efforts, reinforcing aligned growth strategies and leveraging the company’s scale to accelerate growth.
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.
