Before Zillow’s meltdown, national iBuyer market share surged to another all-time high, blowing past all previous records by a wide margin. In Q3 2021, iBuyers accounted for 1.6% of all homes purchased in the U.S. That’s around 28,000 homes, nearly double the 15,000 homes purchased by iBuyers in Q2.
The 2021 RealTrends Team Profitability Study offers valuable insights into team profitability compared to real estate brokerage profitability.
Today’s RealTrending features Steve Murray, senior advisor to RealTrends and Tracey Velt, editorial director of RealTrends discuss the profitability of real estate teams compared to the profitability of real estate brokerages, based on the results of the 2021 RealTrends Team Profitability Study.
Via its Homes platform, Rocket Companies plans to offer customers iBuying services. Here’s why the lender is partnering with third-party firms and what the upside is. HW+ Premium Content
Business leaders in every industry have begun to feel the impact of the Great Resignation. Start attracting, rather than chase, real estate talent.
Guidance changes recently adopted by the National Association of REALTORS® (NAR) show progress continuing to be made to uphold their commitment to consumers.
In the first nine months of this year NAR has collected $229.6 million in membership dues from 1.542 million members, who are mostly real estate agents and brokers.
When Zillow waved the white flag on its iBuying operation earlier this month, CEO Rich Barton couched the company’s price forecasting model as something of a Frankenstein’s monster, an audacious curiosity that proved too danger. To some housing executives who routinely use AVMs, Barton’s explanation rang false. HW+ Premium Content
In this edition of RealTrending, Steve Murray, senior advisor to RealTrends, talks about possible parallels between the China real estate crisis and possible implications of proposed government regulations, innovative financing services and people challenges.
Amid fierce debate, NAR will likely require that agents representing homebuyers publicize their expected sales commission.
