Buyers failed to bite this summer despite falling mortgage rates. It has agents about as down on their business prospects as they’ve been all year heading into the NAR settlement era, according to Intel’s Client Pipeline Tracker.
Category: Markets & Economy
July inflation reading trims the odds of a big September rate cut
PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September.
Today marks the dawn of a new day for real estate. Make the most of it
The best real estate agents will thrive, the profession will be elevated, rot will be removed and the brands that are built on trust and integrity will rise to the top, Inman founder Brad Inman writes.
$1M homes hit all-time high in US
A record 8.5 percent of all U.S. homes are worth $1 million or more, up from 7.6 percent last year and 4 percent before the pandemic, according to a new Redfin analysis. California is adding them faster than other states.
KW’s Jason Abrams talks being ‘antifragile’ in the face of change
On the first day of Keller Williams’ annual Mega Agent Camp in Austin, franchise Head of Industry and Learning Jason Abrams talks commissions and how leaders must help agents thrive — and not just survive — through upcoming changes.
Redfin sees Q2 revenue rise, while losses remain nearly flat
The company saw revenue climb 7 percent to $295.2 million between April and June, but it also lost $27.9 million — just a hair above its Q2 2023 loss.
Younger homebuyers say they’d sacrifice safety for affordability
Despite safety ranking high on the list of homebuyer concerns, many house hunters say they’re willing to consider purchasing in a high-risk area in exchange for affordable housing, according to a new report.
Compass CEO: Clear cooperation is ‘anti-homeowner’
Robert Reffkin on Wednesday said clear cooperation attaches “negative insights” to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed.
7 musts for buyer presentations ahead of the commission deadline
Marketing expert Marci James shares strategies designed to help you showcase your value, negotiate commissions with confidence and build a thriving buyer’s agent business in 2024.
Eyeing next refi boom, lenders plan to maintain or grow payrolls
Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall.