The new chief executive previously served as CEO of the Women’s Council of Realtors®. 

Homebuyer demand is starting to stabilize as October home sales posted the largest decline since 2015, according to a new report.

Looking ahead, CoreLogic expects national year-over-year appreciation to slow to 3.9% by September 2023. 

The technology survey offers insights into how Realtors value technology and use social media.

The Atlanta-based homebuilding giant will replace the outgoing executive with its senior vice president for field operations. 

September is the fourth month in a row to see declining sales activity. 

A 30-year fixed-rate mortgage rose to 7.08% this week from 6.94% a week ago, Freddie Mac reported. A year ago, the average mortgage carried a 3.14% rate. 

Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.  

At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association. 

Despite the slowdown, however, U.S. housing prices remain significantly higher than they were a year ago. 

The only other time the market saw such change was at the beginning of the pandemic. 

Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before. 

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

Mortgage rates rose to 6.9%, the highest they’ve been since April 2002.

First-time homebuyers now make up 45% of current homebuyers, according to Zillow. The numbers represent a rebound from the lows of the pandemic.

The new franchise will be the brokerage’s 16th in Europe as it pursues other expansion opportunities around the world.