2023’s housing market ended with a whimper. There were just over four million existing home sales nationwide last year, the fewest since 1995. Elevated mortgage rates and high home prices forced some prospective buyers to exit the market. However, a lack of inventory continues to be the biggest constraint on the market. Existing homeowners have…
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The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top residential markets throughout the United States and Canada. February’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend. As we step into 2024,…
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There’s one less defendant in an Illinois-based commission suit known as Batton, filed this past November by homebuyers claiming to have suffered antitrust injury due to a conspiracy between the National Association of REALTORS® (NAR) and big brokerages. The seven plaintiffs voluntarily dismissed their claims against Howard Hanna without prejudice which, in short, indicates that…
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Mortgage applications increased 9.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Mar. 1, 2024. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, increased 9.7% on a seasonally adjusted basis from one week earlier. On an…
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Four women who are suing eXp, along with former and current influencers at the company, recently amended their lawsuit with more details about several sexual assaults allegedly carried out by influencers at eXp events, along with reiterating arguments that the company is culpable for the behavior—and misconduct—of agents who act as recruiters. Filed late last…
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Century 21 has unveiled the “Number Ones” for 2023 at its recent One21 Experience Global Conference. The brand stated they honored top-performing affiliated entrepreneurs, companies and relentless sales professionals who continue to deliver 121% for homebuyers, homesellers and property investors around the world with a focus on quality client service and a commitment to elevating…
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United Real Estate has announced that Premiere Plus Realty (PPR), the Naples-based, No. 2 market share leader in Southwest Florida, has joined its family of companies. Premiere Plus Realty and its 1,500 agents will continue operations under the same name and leadership. With this affiliation, PPR greatly expands its tools and service offerings for agents…
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