2021 Agent Rankings Now Live!

RealTrends + Tom Ferry announce the 16th annual The Thousand list of America’s top 1,000 real estate sales professionals and teams.

Market Leaders

Ranking the top residential real estate firms in over 160 different metropolitan markets.

Florida Realtors® leaders advocate for affordable housing

It sounds simple: housing trust funds should be used for affordable housing. Florida Realtors wants a constitutional amendment securing this.

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

What We Know and What We Don’t About Today’s Market and Climate

The uncertainty of the market has everyone confused about what to do next.

  • COVID-19 Cure. We don’t know when a COVID-19 cure will be available to the American population that will enable life to return to its normal rhythm.
  • Office Space. We know that some meaningful number of office workers will not be permanently tied to an office in the future. 
  • Deficit Spending. We don’t know what the outcome of outsized deficit spending will be, not only in the U.S., but in the world. We don’t know yet whether it will cause huge inflation or lead to deflation.
  • Inventory Shortage. We know that the shortage of home inventory is soon to cause a slowdown of some sort in housing sales regardless of record low interest rates.
  • 2020 Election. We don’t know the outcome of the 2020 presidential election or Senate elections. 
  • Technology. We know that real estate technology has had an impact on how we do business but not on who does it. There’s no evidence that the pursuit of all-encompassing tech platforms has shifted the balance of power away from agents and their relationships with consumers in any meaningful way. 
  • Moving. We know from anecdotal information and actual sales that consumers are buying homes outside of core urban areas whether for primary or secondary purposes. The surge is pronounced in areas around New York, San Francisco and Atlanta, but reports indicate that it’s happening in virtually every major metro area.
  • Global Tourism. We don’t know with certainty what will happen to the global tourism business over the long term. Travel will be substantially lower in the next few years and online video conferencing will supplant a significant number of business trips.
  • Homeownership Rates. We know that homeownership rates for most categories, including minority families, have increased to record or near-record rates. We also know that the last time we had such an event, it led to a housing meltdown. However, the record homeownership levels were achieved with funny-money mortgages, which do not appear to be prevalent at this time.

  • 4th Quarter Housing Sales. We don’t know what the fourth quarter of housing sales will look like given the inventory shortage and the high unemployment rate. Nor can we forecast 2021 housing sales with any confidence given changes in attitudes among consumers that will occur based on the outcome of the fall elections.

Most Popular Articles

eXp Realty almost doubles agent count

eXp World Holdings, Inc., the holding company for eXp Realty announced that it has exceeded 60,000 agents globally. This represents a year-over-year increase of 85% when compared to 32,403 agents in July 2020.

Jul 26, 2021 By

Latest Articles

New England Real Estate Network MLS adds shareholder

As a shareholder, Greater Newburyport Realtors gains inclusion in an MLS accepting listings throughout New England. They have representation in NEREN’s governance and are eligible to be included in various leadership and committee positions. Board members provide leadership to the MLS and its 12,000 plus system users. 

Jul 30, 2021 By