Real Estate News

Real Estate News serves as a reliable and unbiased information hub for the residential real estate sector. Our mission is to equip agents, brokers, executives, and industry leaders with the essential insights they require to advance their careers and businesses effectively.

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Another problem for buyers: The aging home supply

1 day ago | realestatenews.com | Meghan Roos

Key points:The median home purchased in 2024 was 36 years old — nearly a decade older than the median home bought in 2012, according to a new Redfin report. New home construction from 2020 to 2029 is expected to result in the second-lowest share of homes for any decade since the 1940s. While older homes tend to cost less than newer homes, the price gap is shrinking quickly, and maintenance costs tend to be higher.
1 in 4 potential buyers waiting for rates to fall - below 3%

3 days ago | realestatenews.com | Meghan Roos

Key points:High mortgage rates are impacting home purchase plans for nearly 7 in 10 U.S. adults, according to BMO’s 2025 Real Financial Progress Index. More than a third of potential buyers surveyed by BMO said rates would need to drop to around 3% or less before they’d be ready to step off the sidelines. The idea of buying a starter home and upgrading later is losing its appeal, with 58% of respondents viewing this strategy as outdated.
‘Unfiltered’: Why the ‘trust factor’ is key to brokerage leadership

4 days ago | realestatenews.com | Meghan Roos

Editor's note:The Real Estate Insiders Unfiltered podcast explores the people and forces that shape the real estate industry. Check out our top takeaways and watch the latest episode from NextHome co-CEOs James Dwiggins and Keith Robinson. The views, thoughts and opinions expressed in the Real Estate Insiders podcast belong solely to the podcast creators and guests. On this episode of Real Estate Insiders Unfiltered, John L.
Compass CEO trumpets growth - and seller choice

6 days ago | realestatenews.com | AJ LaTrace |Dave Gallagher

Compass CEO Robert Reffkin reiterated the brokerage's commitment to seller choice when it comes to private listings and pre-marketing during the company's first-quarter earnings call on May 8. But Reffkin also highlighted a number of positive metrics, including major year-over-year upticks in revenue, transactions and principal agents. "I'm pleased to share that in the first quarter, the gap between Compass and the industry continued to widen," Reffkin told investors.
Rocket touts ‘all-weather business model’ after acquisitions

6 days ago | realestatenews.com | Meghan Roos

Key points:The company’s acquisitions of Redfin and Mr. Cooper will be a “powerful springboard for growth,” said Rocket CEO Varun Krishna. But they came with a price: Rocket posted a net loss of $212 million for the first quarter, a reversal from a year ago when net income was nearly $300 million.
Agents flock to Real Brokerage as revenue tops $350 million

6 days ago | realestatenews.com | Stephanie Reid-Simons

After notching its first billion-dollar year, The Real Brokerage started 2025 strong, bringing in more than $350 million in revenue, adding more than 2,000 agents, increasing the number transactions per agent and expanding its use of AI. The rapid expansion came with a net loss of $5 million, less than a third of the loss reported this time last year.
LPT Realty launches luxury offshoot Aperture Global

6 days ago | realestatenews.com | AJ LaTrace

Key points:Aperture Global launched on May 8 in 15 states and four international locations, with another 20 global markets slated to onboard in coming weeks. LPT Realty founder and CEO Robert Palmer said the new brand will compete directly with Compass, Christie’s and Sotheby’s for ultra-high-net-worth clients. The launch comes as LPT leaders prepare the company for an IPO, which Palmer said could be as early as late 2025. A new competitor in the luxury real estate space has emerged.
A way to end private listings fight? Make Clear Cooperation the law

1 week ago | realestatenews.com | AJ LaTrace

Key points:IL State Rep. Lilian Jiménez said she was interested in the fair housing aspect of the bill and sees value in adding “safeguards” to protect Illinois consumers.
Opendoor doubling down on ‘the trusted agent partner’

1 week ago | realestatenews.com | Stephanie Reid-Simons

Opendoor has been cutting its losses after a brutal 2024 and teaming up with brokerages and portals, but says the real bright spot on the horizon is a shift in its partnership with agents. The real estate industry's dominant iBuyer has been working with agents for years, CEO Carrie Wheeler said during Opendoor's Q1 earnings call on May 6. Now, "instead of agents coming to us," Wheeler said, the company is "flipping the script" and bringing referrals to select agents earlier in the process.
The 2 best days to sell a home are nearly here

1 week ago | realestatenews.com | Meghan Roos

A new report is shedding light on which dates tend to deliver the highest premiums for home sellers — and two of those days are just around the corner. Despite the economic uncertainty dragging down today's market, spring remains the best season to sell a home, and a report from ATTOM breaks the data down even further, identifying which months — and days — tend to see the most home sales, and shows how sale prices compare with value estimates when sales are finalized.