The more than $2.2 trillion in collective 2021 sales volume reported by the Top 1,000 respondents to RISMedia’s 34th Annual Power Broker Survey is truly historic. Yet it doesn’t tell the complete tale of last year’s residential real estate market. The missing piece? Compass. While recent industry media coverage has declared Compass “the largest brokerage…
Above: Asa Fleming. Photo by AJ Canaria of MoxiWorks The term “affordable housing” often carries a negative connotation with it, one typically rooted in racist stereotypes. Changing that starts by changing consumers’ perspectives through education, says Asa Fleming, a REALTOR® with Allen Tate REALTORS® in North Carolina. We sat down with Fleming back in November…
Job growth didn’t meet expectations for the month of December, as COVID-19 cases surged due to the highly infectious Omicron variant. According to the latest data from the Bureau of Labor Statistics, nonfarm payrolls increased by 199,000 and unemployment fell to 3.9%. However, this is behind the Dow Jones estimate of 422,000 for payroll for…
The Federal Reserve is queuing up to make more aggressive moves in the coming years, a departure from the easing-in strategy it implemented amid the pandemic to incentivize economic recovery. While Fed officials voted to hold rates near zero on Wed., Dec. 15, the latest projections are an about face from September’s outlook, when several…
Demand for luxury home purchases has not dwindled even as the pandemic’s volatile nature continues to pose challenges in real estate. According to a 2022 State of Luxury Real Estate (SOLRE) report, authored by Luxury Portfolio International® (LPI), home prices in the segment are expected to continue increasing as supply struggles to meet high demand.…
While job growth didn’t meet expectations in November, the unemployment rate fell to its lowest level since February 2020, according to the latest data from the U.S. Bureau of Labor Statistics. “The unemployment rate continued to plunge and is now at 4.2%, which is actually below March 2020 levels when the ugly COVID virus came…
Technology is playing an increasingly important role in real estate, supplementing agent and broker efforts to build relationships and provide value to homebuyers, sellers and investors. While the last decade has seen significant tech growth, industry experts addressed the future of its applications in real estate at the National Association of REALTORS® (NAR) annual REALTOR®…
From remote work trends impacting where people can live to affordability issues cropping up as home prices rise, the real estate markets in 2022 will have a fair share of new challenges and opportunities. According to the realtor.com® 2022 Housing Forecast, next year is set to be a mixed bag. Housing trends to watch in…
Home trends change with the seasons, influenced by everything from television and movies to world events. The pandemic, especially, has changed the way people view their homes. So, what’s in store for 2022? According to a new Zillow report, homeowners will be focusing on spaces in which they can thrive: feeling comfortable, calm, energized, inspired,…
Organizations that have been part of the fold of real estate for several decades understand how the tides change, bringing everything from volatile economies and housing crashes to surprisingly resilient markets that can withstand even a worldwide health crisis. It’s no surprise, then, that Shorewest, REALTORS®, now celebrating its 75th year in business, is more…
During NAR's annual conference, chief economist Yun provided a market overview for the past year and key trends to watch in 2022.
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