Real Estate Markets & Economy
At Keller Williams' annual Mega Agent Camp, franchise founder Gary Keller and several leaders shared how agents can navigate recession fears and commission confusion with clarity
A 50-year high in multifamily building starts and completions has led to cooling rent growth and better lease terms. In July, 33.2% of rentals on Zillow included concessions, up 23% from 2023
A new report in 'The Wall Street Journal' found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today.
In the same week that the investment firm lost the Waldorf Astoria in Washington DC to a foreclosure auction, CGI Merchant also had to let go of the Gabriel Miami in a second auction
The Consumer Federation of America raised eyebrows and hackles with its advice to pay only the equivalent of a 2% commission for both real estate purchases and sales
The iBuyer declined to confirm how many employees have been let go. Recent SEC filings show widespread cuts compared to a year earlier
A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases
The firm reported total lodging bookings of $20.7B for Q2 across all of its platforms
Consumer guides from the trade group offer a contrast to previous messaging, but also continue to promote pre-emptive offers of compensation to buyer agents
Franchisor reported its US agent count fell 6.3% during the second quarter as revenue fell 4.8% compared to a year earlier, according to its earnings report
Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2% yearly to $143M as traffic to the site stalls at 74M average monthly unique visitors
Ultra-luxury sales in coastal enclaves and ultra-luxury hotspots bolstered sales beyond those of last year, according to a report released by Compass this week
The company's improved financial results no doubt came as a sigh of relief, as Elliman faced increasing pressure from shareholders because of its shaky performance in recent quarters
The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again
After 5 years back at the helm, Zillow Group co-founder Rich Barton steps down as CEO. Former COO Jeremy Wacksman takes the reins as the company charges past 'Portal 1.0'
Fannie Mae survey shows would-be homebuyers grew even more frustrated with elevated home prices and mortgage rates in July, but 7 in 10 didn't think rates would come down anytime soon
Households have deferred moving, partially due to high 'hidden' homeownership costs such as property taxes, insurance and climate change, according to a report