Realtors 'Running Out of Money' as Housing Market Struggles

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Elevated prices and high borrowing costs for home loans have depressed demand for homes.

A struggling housing market characterized by elevated prices and high borrowing costs for home loans has depressed demand for homes. This dynamic has contributed to a fall in the number of real estate agents working in the industry.There are tens of thousands fewer real estate brokers and sales agents, according to data from the Federal Reserve Economic Data.Read more: How to Get a MortgageIn 2023, there were 440,000 people in America working as real estate agents.

'A lot of agents are struggling right now.'Buyers pausing their plans to purchase homes is hurting buyers' agents. Meanwhile, sellers waiting to put their homes on the market are reluctant to re-enter a housing market with rates elevated, which has also led to fewer listings and damaged business for sellers' agents.'The market is tough right now for buyers meaning many buyers' agents are struggling to keep business consistent,' Munir said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 468. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

She Started Running 15 Years Ago and Founded the Running Industry Diversity CoalitionKiera Smalls founded the Running Industry Diversity Coalition in 2020, and wants to set an example for BIPOC people to be a part of the running community.
Fonte: runnersworld - 🏆 19. / 71 Consulte Mais informação »