Active agents down 34% in Phoenix in October - Phoenix Business Journal

, mortgage loan originator for U.S. Bank in Scottsdale, said he expects to see pressure on mortgage rates into at least the first and second quarter of next year — but not with any large predicted increases.

In October, there were 2,393 active agents in Arizona. Of those, 713 were in Phoenix, 311 were in Mesa, and 308 in Scottsdale, which are the three cities AgentStory studied.Indeed, a lot of agents are getting out of the real estate business — and that is clearly shown in the numbers, saidHowever, October was a good month for his brokerage; and even close to one of his best months, Eilers said.

"But we are experiencing a significant drop in the amount of monthly business each agent is transacting," Hague said."This is a logical result of lower buyer demand and decreasing monthly sales."

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Offerpad, Zillow, Opendoor, Redfin (OPAD, Z, OPEN, RDFN) laying off more Phoenix workers - Phoenix Business JournalAs the major iBuyers — including Chandler-based Offerpad — lay off hundreds while shifting their focus during a cooling housing market, here's how much they could stand to lose.
Source: phxbizjournal - 🏆 254. / 63 Read more »