News / Features

Inside today’s real estate firms: top challenges, future outlook and more

Real estate firm leaders are worried about housing affordability and inventory in the next two years, according to the 2023 Profile of Real Estate Firms by the National Association of REALTORS®.

Greater Boston sales slide, prices climb as inventory continues to hamper market

The lack of listings across the Greater Boston housing market had home and condo sales sliding and prices climbing last month. 

NAR’s latest Profile of Home Buyers and Sellers shows homebuyers’ median income is up roughly 20%

Today’s homebuyers are more likely to pay cash and be unmarried and childless than in previous years. They’re also entering their new homes with a much steeper income, according to NAR’s annual Profile of Home Buyers and Sellers report.

Mark Willis returns to his former role as CEO at Keller Williams

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately.

Homebuyer demand remains resilient, despite rates, shrinking listings

Last month, homebuyer demand showed its resilience, despite mortgage rates being at a 23-year high and inventory continuing to be limited.

RE/MAX Holdings names new CEO, Erik Carlson, after 2-year search

RE/MAX Holdings has named a new CEO after nearly two years of searching: Erik Carlson, former CEO of the DISH Network Corporation. The firm’s last CEO, Adam Contos, stepped down in January 2022.

Oops!…Britney Spears’ childhood home is on the market (again)

Any buyer would be “Lucky” to own this piece of pop history — Britney Spears’ childhood home has returned to the market.

Six Bay State communities make country’s priciest ZIP code list

PropertyShark analyzed residential transactions between Jan. 1 and Oct. 20 to determine the 100 most expensive ZIP codes in the country this year. 

Homebuyers need an annual salary of $115,000 to afford an average U.S. home

New homebuyers must make an average annual salary of $115,000 to afford the average U.S. home, according to recent studies from Redfin. That’s about $40,000 more than the typical American household earns.

Another lawsuit regarding buyer commissions — this time, in Illinois

In the wake of the Sitzer/Burnett verdict, a new, similar lawsuit — this time on behalf of homebuyers — has been filed in the Northern District of Illinois, Eastern Division.

House Buyers of America expands to Boston, Springfield

The company, which specializes in buying and renovating older homes and providing affordable housing, is looking to assist buyers and sellers as it continues its East Coast growth.

A thriving niche in mortgage lending: The Certified Divorce Lending Professional

Certified Divorce Lending Professionals go through extensive training and continuing education to achieve and maintain their CDLP designation.

NAR names Nykia Wright interim CEO, replacing retiring Bob Goldberg

Nykia Wright has been named interim CEO for the National Association of Realtors® (NAR), effective Nov. 20.

Nearly one-third of homes for sale are new construction

New single-family home sales increased by 12.3% during September, the fastest pace since early 2022.

NAR, Keller Williams, HomeServices of America found liable of conspiring to inflate commissions

The National Association of REALTORS®, Keller Williams and HomeServices of America were found liable of conspiring to inflate commissions and ordered to pay damages totaling $1.78 billion, a jury in Missouri ruled Tuesday.

Likely increase in first-time Hispanic homebuyers

Around 70% of new homebuyers will be Hispanic by 2040, according to projections from the Urban Institute. Based on the 2020 Census data, Hispanics are the quickest growing demographic in the U.S. However, with rising interest rates and escalating home prices, affordability issues are appearing for young Hispanic homebuyers.

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