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New apartment construction hasn’t lowered rents in many areas

Housing Wire

More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. Seattle-based brokerage Redfin released a report this week that highlighted a 1.5% increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months. .

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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

To classify these sales, Zillow identified sales that were reported pending or closed with at most one day active and with a buyer and seller represented by the same agent or by agents within the same brokerage office, the report stated. Zillow said only this subset of off-MLS transactions was included in the analysis.

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Compass strikes again with leadership changes in the Southeast

Housing Wire

Leading brokerage Compass announced some key leadership moves this week to bolster its operations in the Southeast, including Florida. The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. It is the nation’s leading brokerage by sales volume.

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Zillow and Redfin partner on new construction listings

Housing Wire

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8% million net loss , an improvement on the $90.8

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

While a lack of existing home inventory is certainly part of the problem, Ellison said that in Birmingham, agents and buyers are also facing a lack of new home inventory. New construction is backed up,” she said. In the short term, as the spring purchase season quickly approaches, local agents share some of Walker’s positivity.

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Ryan Serhant talks life after Netflix and brokerages in a post-settlement world

Housing Wire

Ryan Serhant and his brokerage SERHANT. are riding a sugar high thanks to the success of “Owning Manhattan,” the Netflix show that followed Serhant and his agents around New York as they shopped some of the priciest properties in the city. is a brokerage as a service, kind of in the same way you look at software as a service.

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Better Homes and Gardens Real Estate Announces Florida Brokerage Affiliation

RIS Media

The brokerage regularly assists clients in Greater Orlando with residential real estate, as well as with property management, new construction and luxury homes. Better Homes and Gardens Real Estate Mann Global Properties is the latest firm to join the lifestyle real estate brand.