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The multifamily sector, which includes apartment buildings and condos, rose 4.6% to annualized pace of 593,000 units. Meanwhile, single-family housing starts dropped 1.7%.

Although existing housing inventory remains low and buyer demand is still elevated compared to its pre-pandemic level, homebuilders are reporting a decline in sales traffic.

The tech tools and productivity strategies employed by real estate agents varies greatly – some take full advantage of the suites provided by their brokerages, while others have found outside systems and platforms that suit their needs better. We break down who’s doing what, and why.

Today’s RealTrending features Justin Bailey, CEO of Realty Executives Associates in Knoxville, Tennessee. Bailey changed his internal messaging and made several key moves to scale his real estate brokerage growth. Find out how he strengthened and scaled his culture when he grew to 750 agents.

Home price growth accelerated at a rapid pace during the first quarter of 2022, according to the Fannie Mae Home Price Index, published on Friday.

Despite rising inflation, interest rate growth, ongoing supply chain issues and material and labor shortages, home remodeling remains stable.

In March, inflation accelerated to 8.5%, the strongest pace of inflation in 40 years. Due to rising prices, the average consumer in spending $511 more per month compared to a year ago.

Rising home prices and mortgage rates are forcing some homebuyers to relocate to a more affordable metro area if they hope to purchase a home, according to the latest report by Redfin.

The Canadian Real Estate Association has announced a pilot project that will display real-time tracking of offers on REALTOR.ca listings, according to statement released last week.

179 real estate firms are new to the RealTrends 500 brokerage rankings. Pearson Smith Realty and The Agency lead these new brokerage firms by transaction sides and sales volume.