Gen Zers see 'green homes' in their searches, says RE/MAX study
Amid a wavering economy, homebuyers and sellers continue to want expert advice from agents while looking to prepare for the future, and for Gen Z that means finding 'green homes'
by Lillian Dickerson Mar 29
58 cities that had million-dollar homes in 2022 don't anymore: Study
The number of US cities where the typical home value was $1M or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Coastal states have been most severely impacted
by Lillian Dickerson Mar 14
US dominates the globe with most ultra-high-net-worth homeowners
The US notched 14 spots among 20 global cities in a new analysis of homeowners with a net worth of at least $30M. New York City clinched the top spot on a list compiled by REALM and WealthX
There are 1.25 million fewer million-dollar homes in America in 2023
The share of $1M homes in the US dropped from a high of 8.6% in June 2022 to approximately 7% in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power
ChatGPT's take on commissions, compliance and the MLS
Cooperation and compensation are important parts of the real estate business. But the idea that they are inextricably tied to one another in the MLS structure, or that the marketplace would not value an MLS without a compensation feature, is short-sighted
by Sam DeBord Feb 28
RE/MAX's keys to success in 2023: Recruitment, mergers, acquisitions
As the brokerage prepares for a slower market, agent recruitment, finding a permanent RE/MAX Holdings CEO and franchise consolidation are among the issues RE/MAX will face in 2023
by Lillian Dickerson Jan 27
Pending home sales trend up for first time since last spring
In a positive sign for the real estate industry — and the spring homebuying season — pending home sales rose in December for the first time since May 2022, increasing 2.5% from November
by Lillian Dickerson Jan 27
How Offerpad execs plan to pivot from seller's to buyer's market
Executives at pioneering iBuyer see tremendous opportunity if they can negotiate today's challenging 'in-between' phase where buyers and sellers are on the fence
by Matt Carter Jan 19
This is where it takes the longest amount of time to save up for a home
In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years
by Lillian Dickerson Jan 10
Luxury holds steady despite overall Manhattan market slowdown in Q4
As prices and transaction volume both fell in Manhattan's market at large year over year, luxury properties priced at or above $10M still managed to perform well to close out 2022
The Real Word's predictions for the 2023 market
Opinion
This week, Byron Lazine and Nicole White are talking about the end-of-year Case-Schiller update, the Twitter account real estate agents should be following, the marketing trends that won't make it into 2023 and the pitfalls of quiet quitting
by Byron Lazine Dec 30
Monthly payments drop $300 and some homebuyers wade back in
As home price growth has slowed, mortgage payments have decreased and days on market have risen, homebuyers dip their toes back into the market, according to a new report from Redfin
by Lillian Dickerson Dec 23
Team structures are absolute nonsense: The Real Word
Opinion
This week, Byron Lazine and Nicole White are talking about teams, teamerages, and expansion teams and their effect on rankings, how agents can help buyers obtain down payment assistance, plus topics from left, middle and right
by Byron Lazine Dec 22
Two key charts to make sense of the crazy US housing market
Opinion
Media headlines focusing on a pending US housing market crash are based on limited data that's skewed by the outsized 2021 numbers
by Mike DelPrete Dec 12
Here are the 10 best (and worst) cities for women in real estate
Women in real estate in Toledo make 136% of the earnings of men in real estate in the city, survey says. Women also hold a majority of real estate jobs in the city at 59% of all real estate jobs
by Lillian Dickerson Nov 30
All brokerages are entering the winter of real estate: Mike DelPrete
Opinion
Now that earnings are in for the big box brokerages, the anticipated revenue decline is clear. But does it tell the whole story?
by Mike DelPrete Nov 30