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®.

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

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.

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

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

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.

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.   

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

Brutalist style and sensory gardens may seem at odds — but they are both hot home design trends that will rule 2024. At least, according to new predictions from Zillow.

No matter what the jury decides, it could take years for the appeals process to work itself out, delaying any potential changes to agent commissions.

Prospective buyers can access the search-by-school feature via the search bar on Zillow’s iOS mobile app.

Waugh most recently served as president and CEO of Berkshire Hathaway HomeServices Northwest Real Estate and Berkshire Hathaway HomeServices Real Estate Professionals.

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

More than eight in 10 Americans think it’s a bad time to buy a home, according to a new survey from Fannie Mae.