BrokerPulse

RealTrends Q4 2021 BrokerPulse: Office consolidation, boosting agent productivity and core services capture rates continue…

2021 Website Rankings Now Live!

RealTrends website rankings highlights the top real estate websites across the country in 6 total categories for our annual brokerage website rankings.

Real estate teams vs brokerages

Steve Murray and Tracey Velt discuss the profitability of real estate teams vs brokerages, based on the results of the 2021 RealTrends Team Profitability Study.

Study: It’s true, real estate teams outperform brokerage firms

Surveyed real estate team gross margins were an average of 61.8% compared to an average of 13.8% for real estate brokerage firms.

South Region Heats Up As Buyer Demand Remains Steady in Many U.S Markets

ShowingTime Showing Index® records year-over-year consecutive gains for key U.S. markets

Key Points:
  • South Region (3.8 percent) exhibits the biggest increase in showings for the fourth consecutive month, while the Midwest (1.7 percent) also experiences an increase
  • West Region (-6.9 percent) sees year-over-year decrease for fifth consecutive month; moderate inventory buildup occurring in some western markets
  • ShowingTime combines showing data with findings from its MarketStats division to provide a set of benchmarks that track demand for active listings throughout the country

ShowingTime Chief Analytics Officer Daniil Cherkasskiy said that many U.S. real estate markets were just as busy in June as they were during an intense 2017, with buyers going on more showings in the South and Midwest regions of the country than they did at the same time last year.

south region heats up

Data compiled for the ShowingTime Showing Index® reveals that homebuyer interest overall remains strong, with the South experiencing the highest year-over-year increase in showing activity for the fourth consecutive month at 3.8 percent while the Midwest posted a year-over-year increase of 1.7 percent.  The West (-6.9 percent) and Northeast (-2 percent), however, experienced year-over-year decreases; nationally, the combined index indicated showing activity for all regions was up 0.2 percent.

“We’ve now seen five consecutive months of year-over-year decreases in the West Region and are also seeing a moderate buildup of inventory in some western markets,” Cherkasskiy said. “These two factors point to a potential slowdown in demand in the West while real estate prices stay at historically elevated levels.”

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RE/MAX has preliminarily announced a $25.1 million loss for the third quarter as the venerable and distinctive real estate company juggles expansion and redoing prior financial disclosures.  

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