RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.’s Sean Black on the transaction revolution

Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.


The RealTrends BrokerSource and HousingWire OpenHouse newsletters deliver twice weekly information on trends, strategies, analysis, people, and news shaping the real estate industry.

Former NAR Economist Calabria Nominated to Oversee FHFA

Former NAR Economist Calabria Nominated to Oversee FHFA

President Trump has nominated Mark Calabria to director of the Federal Housing Finance Agency for a term of five years.

mark calabriaMark Calabria currently serves as chief economist to Vice President Pence and was director of financial regulation studies at the libertarian Cato Institute. The FHFA serves as conservator of the government-sponsored enterprises Fannie Mae and Freddie Mac. In a 2016 op-ed for American Banker, Calabria voiced support of overhauling Fannie and Freddie, and giving the private market a role.

“Having the government act as receiver for the two mortgage giants—instead of conservator—would have had many important benefits,” he wrote. “It would have restructured the GSEs without any taxpayer support, while allowing them to continue to support the mortgage market. Just as importantly, receivership would have transformed Fannie and Freddie into ‘clean’ companies, ready to be released back into the private market.”

Previously, Calabria served on the Senate Banking Committee where he was one of the lead drafters of the Housing and Economic Recovery Act of 2008 (HERA), which created the Federal Housing Finance Agency. He previously held a position as an economist for the National Association of Realtors®. If confirmed by the Senate, Calabria will succeed current FHFA Director Mel Watt, who has led the agency since 2014.

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