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Home sales are up over last year

Housing Wire

Home sales are significantly better than they were last year at this time. This week, we count 14% more homes in the contract pending stage now than a year ago. Another tricky part of communicating this news is that home sales aren’t suddenly great. There are now 354,000 single-family homes in the contract pending stage.

Sales 396
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Homebuilders face rising risk unless mortgage rates fall

Housing Wire

Todays builder survey gives us more clues about what stage they’re in, and it isnt good. Rather than 3%, 4% or 5%, if mortgage rates can just head down toward 6% and remain there, all housing data will improve and we could see a resurgence in permits as new home sales grow.

Mortgages 478
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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

Every moment of friction is potentially a lost sale. Among publicly traded companies, Compass has done technology development and implementation better than most of its peers. Founder and CEO Ryan Serhant is a leader in leveraging social media to drive sales. is its own sales technology incubator and accelerator.

Brokerage 344
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New home sales plunge 18.2%, but demand stays strong

Housing Wire

After a near decade high in January, new home sales for single-family houses plummeted 18.2% Census Bureau and the Department of Housing and Urban Development. However, continued demand by homebuyers did manage to push new home sales 8.2% However, continued demand by homebuyers did manage to push new home sales 8.2%

Sales 532
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Zillow CEO Jeremy Wacksman: ‘We do tech so you can do real estate’

Housing Wire

Dwiggins: Tell us a little bit about the acquisition of Virtual Staging AI and the strategy for that. Wacksman: It’s a great young company that has innovated a way to do virtual staging. This gives good sales agents room to prove themselves. You also have a more educated buyer on how commissions work.

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Marketing Leaders take the stage at HW Annual Oct. 10-12

Housing Wire

The CMO Playbook speakers are forces in the industry with interesting backgrounds and paths to their current role,” said Jennifer Laws, senior vice president of sales at HW Media. “We Attendees can find inspirational speakers on stage during the Marketing Leaders sessions. The CMO Playbook sessions are especially interesting.

Staging 435
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New home sales struggling to grow with higher rates

Housing Wire

Now that new home sales are trending lower , with fewer permits, are we getting closer to the end of this cycle? New home sales aren’t collapsing but they’re not growing anymore either, so the ball is in the Fed’s court now. Census Bureau and the Department of Housing and Urban Development. percent (±14.6 percent (±15.2

Sales 488