BrokerPulse

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.

@properties leaders poised for strategic growth

Mike Golden and Thad Wong, co-founders of @properties talk growth through franchising.

Newsletter

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

BrokeragePodcasts

RealTrending ep. 104: Expanding consumer choices impact real estate brokerage

In this edition of RealTrending, Steve Murray, senior advisor to RealTrends, shares his thoughts on the way artificial intelligence is impacting recruiting, how consumer choices are changing real estate brokerage competition and observations from brokerage leaders on the market.

Here is a small preview of today’s RealTrending interview. The transcript below has been lightly edited for length and clarity:

Artificial Intelligence: We have tools that will alert an agent as to which people in their database are more likely to buy or sell. Not only that, but some of these tools will examine an agent’s database of customers and alert them that they lost a purchase or sale of a home — to people who are in their database — because they forgot to stay in touch. For brokerage companies, tools that help identify prospective agents and pinpoint which agents a brokerage is likely to lose are coming on the market. This is moneyball for real estate.

Consumer choices: Certainly, over the last few years, we noted the rise of iBuyers — Zillow, Redfin, Offerpad, Opendoor and others — not to mention dozens of major brokerage companies or large teams offering some kind of iBuyer program. That gives incredible new advantages for consumer choices. because they have more choices of how to sell homes. That means brokerage competition is coming from many different sources.

Brokerage leader insights: Not a single CEO that we talked with is taking this market for granted. The truth is, unit sales on an annualized basis have already slowed down from where they were three months ago. Now, they’re still above last year, and we’re still going to have an increase in unit sales this year from all viewpoints, but brokers understand this has been a surge. The economics have been extremely favorable to brokerage companies over the last 12 months. But brokers are getting prepared for when this market slows because of affordability and lack of inventory, and rising mortgage rates. Don’t make the mistake of assuming this market will go on forever.

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Real estate leaders: Keep close eye on proposed legislation

In this edition of RealTrending, Steve Murray, senior advisor to RealTrends, talks about private property rights and how a case in Berlin, Germany, tells a story of what could happen here in the U.S.

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August housing starts better than expected

U.S. homebuilders started construction on 1.615 million homes in August, up 3.9% from July 2021 and 17.4% higher than a year ago, according to the August housing starts report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

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