Pending Sales Plummet in the Southeast, VegasJanuary saw the cancellation of around 14% of homes under contract, especially in Florida and metro areas Atlanta, Las Vegas and Houston.This added up to just over 41,000 U.S. cancelled home-purchase agreements. Stats show...
MLS Prices Outpace Pocket ListingsHome sellers who didn't use a multiple listing service (MLS) collectively "left $1 billion on the table" over the past two years via lower closing prices, according to a Zillow study of 10 million transactions.These homes typically...
Inventory Grows Closer to the Six-Month IdealIf you've been frustrated by lack of housing inventory, this year's trend is good news...new listings are up by 7.4% from February 2024. This is equal to around five months of inventory, up from 4.4 months a year...
Agent Commission UpdateEven if the new NAR commission rules introduced in 2024 didn't affect you, you may be wondering if the average agent commission has changed. A recent survey found that more than 50% of agents are now negotiating commissions with buyers and...
Agent Commission UpdateEven if the new NAR commission rules introduced in 2024 didn't affect you, you may be wondering if the average agent commission has changed. A recent survey found that more than 50% of agents are now negotiating commissions with buyers and...
Okay...How Bad Was 2024?The last few years have been a true roller coaster ride for residential real estate. According to recent NAR data, sales of existing homes during 2024 were at an even lower level than in 2023. Only 4.06 million homes sold last year, which added...
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