Core Insights - U.S. luxury home sale prices increased by 5.5% year over year to a median of $1.28 million, marking a record high for October, while non-luxury home prices rose by 1.8% to a median of $373,249, indicating that luxury prices are growing approximately three times faster than non-luxury prices [2][4][6] Price Trends - Luxury home prices have consistently outpaced non-luxury prices over the past two years, reflecting differing behaviors between wealthy buyers and typical first-time or move-up buyers [4][5] - The most significant price increases for luxury homes were observed in Warren, MI (+14.9%), Milwaukee, WI (+13.5%), and San Jose, CA (+11.9%), while declines were noted in Tampa, FL (-2.9%) and Oakland, CA (-2.4%) [9][16] Sales Activity - Closed luxury home sales rose by 2.9% year over year, while non-luxury sales increased by 0.7%, both remaining near historically low levels for October [6][9] - Pending sales for luxury homes increased by 2.1%, compared to a 1.4% rise for non-luxury homes, indicating a slight uptick in market activity [7] Inventory Levels - The inventory of luxury homes for sale rose by 6.4% year over year, reaching a five-year high, while non-luxury inventory increased by 9.5%, also hitting the highest October level since 2019 [8][10] Market Dynamics - Both luxury and non-luxury homes are taking longer to sell, with luxury homes averaging 58 days on the market, which is six days longer than the previous year, and non-luxury homes taking 45 days [11] - The share of luxury listings going under contract within two weeks decreased to 26.7%, while non-luxury homes saw a more significant drop to 31.3% [12]

Core Insights - The housing affordability crisis is accelerating, particularly in rural America, where the income needed to afford a median-priced home has surged by 105.8% since before the pandemic [1][2][9] Summary by Category Housing Affordability - Homebuyers in rural U.S. counties now need an annual income of $74,508 to afford a median-priced home, compared to $36,206 before the pandemic [1][9] - The income required to afford homes has also increased significantly in suburban (90.9%) and urban (87.5%) areas, but rural areas have seen the steepest rise [2][9] Home Prices - The median sale price of homes in rural counties is $280,900, reflecting a 60.5% increase from $175,000 pre-pandemic [4][9] - Suburban counties have experienced a 48.9% increase in median home prices, while urban areas have seen a 46.2% rise [4][9] Income Growth - The median household income in rural counties has increased by 33.3% to $69,307, which is lower than the increases seen in suburban (36.8%) and urban (39.3%) areas [5][9] - This disparity in income growth versus home price increases has contributed to the erosion of affordability in rural areas [2][5] Market Dynamics - The pandemic prompted many buyers to move from urban to rural areas, driving up demand and home prices in these regions [6][10] - Rural areas still attract homebuyers due to relatively lower prices compared to suburban and urban areas, despite the recent price increases [10][11] Regional Insights - New Hampshire has seen the largest increase in income needed to afford a rural home, with a 141.4% rise to $119,361 [13] - The median rural home sale price in New Hampshire has increased by 88.3%, the highest among states analyzed [14]

SEATTLE--(BUSINESS WIRE)--There were an estimated 36.8% more home sellers than buyers in the U.S. housing market in October (or 528,769 more, in numerical terms)—the largest gap in records dating back to 2013. That's according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin defines a market with over 10% more sellers than buyers as a buyer's market. By this definition, it has been a buyer's market since May 2024. There have been over 30% more sellers than buyers. ...

SEATTLE--(BUSINESS WIRE)--Numerous housing metrics were flat in October—a notable shift from the ups and downs of recent years, according to a new report from Redfin, the real estate brokerage powered by Rocket. Pending home sales were little changed from both a month and a year earlier. So were closed home sales and new listings. Price growth has also shown signs of plateauing. The median home sale price rose 1.4% year over year to $440,523 in October. That pales in comparison to the big swing. ...

Core Viewpoint - La Rosa Holdings Corp. is strategically repositioning to expand into the AI ecosystem by leveraging its real estate platform and securing $1.25 billion in financing for acquisitions and development of next-generation data center facilities [1][2][3] Financing and Capital Utilization - The company has secured $1.25 billion in financing, which includes a $1 billion equity purchase facility and a $250 million private placement convertible note facility [1] - Proceeds from the financing will be used to fund the development of AI-focused data center infrastructure and to maintain a strategic reserve for growth opportunities [3] Strategic Goals and Market Positioning - La Rosa aims to pursue strategic acquisitions and joint ventures with technology and infrastructure partners to position itself in the expanding AI ecosystem [2] - The company plans to repurpose high-value properties into advanced data center facilities optimized for AI workloads, enhancing its competitive edge in the AI value chain [2] Leadership Insights - CEO Joe La Rosa emphasized the importance of this capital infusion as a defining moment for the company, highlighting its unique advantage in delivering scalable, energy-efficient data center solutions [3] - The company’s foundation in PropTech and innovation through AI-driven tools and blockchain platforms will support its strategic pivot [3] Operational Overview - La Rosa operates 26 corporate-owned brokerage offices across multiple states and has recently begun expanding into Europe, starting with Spain [9] - The company offers a range of services including residential and commercial real estate brokerage, technology-driven products, and support for agents and franchise partners [8]

Nov 13, 2025 7:30 AM Eastern Standard Time Redfin Reports Pending Home Sales Slip As Would- Be Buyers Wait For Lower Rates and Economic Clarity Share The homes that do sell are taking a long time to find buyers, who are wary of high housing costs and economic instability SEATTLE--(BUSINESS WIRE)--U.S. pending home sales fell 0.3% from a year earlier during the four weeks ending November 9, a tiny decline but the first in four months, according to a new report from Redfin, the real estate brokerage powered b ...

Group 1 - eXp World Holdings experienced a significant stock increase of over 11% following a strong quarterly earnings report, outperforming the S&P 500 which only rose by 0.1% [1] - The company reported a 7% year-over-year revenue increase to $1.32 billion and achieved a net profit of almost $3.5 million ($0.02 per share), a turnaround from a loss of over $8.5 million in the previous year [2][3] - eXp exceeded analyst expectations, with projected revenue of $1.24 billion and non-GAAP per-share net income of $0.01, attributing its success to agent growth, productivity, and retention rates [3] Group 2 - Total transactions for eXp rose by 3% year-over-year, totaling 121,516, while overall sales volume increased by 7% to over $54 billion, indicating strong demand in the housing market [4][6] - The brokerage is effectively capitalizing on the high demand for homes in the country, contributing to its positive financial performance [6]

Core Insights - The Pozek Group has rejoined The Real Brokerage, bringing 31 agents and a strong sales record of nearly $1 billion in home sales since 2023, with an expected $400 million in sales volume for the current year [1][2][5] Company Overview - The Real Brokerage Inc. is a leading real estate technology platform that aims to redefine the industry through innovation and culture, supporting over 30,000 agents across the U.S. and Canada [6][7] Team Background - Founded by Ken Pozek in 2016, The Pozek Group has become one of the top-selling real estate teams in the nation, known for its deep market expertise and modern, media-driven approach [2][4] Strategic Decision - Ken Pozek chose to rejoin The Real Brokerage after evaluating various models, citing the platform's agent value proposition, including revenue share, equity awards, and collaboration tools as key factors in his decision [3][4] Market Presence - The Pozek Group has established a strong online presence and local influence, serving as the official real estate partner of the Orlando Magic and receiving multiple accolades, including Team of the Year by Orlando Real Producers [2][5]

Core Insights - eXp Realty has welcomed The Slocum Home Team, a prominent family-run real estate group from Rhode Island with a 76-year history, into its global network [2][3][4] Company Overview - eXp Realty is described as "the most agent-centric real estate brokerage on the planet" and is a core subsidiary of eXp World Holdings, Inc. [2] - The company operates as a cloud-based brokerage with over 82,000 agents across 29 countries, providing industry-leading commission splits, revenue share, and equity ownership opportunities [8] The Slocum Home Team - Founded in 1949 by George Slocum, the Slocum Home Team has built a reputation for trust and service in real estate, serving over 249 families and achieving more than $109 million in sales volume in the past year [3][4] - The team consists of 30 agents and seven staff members, recognized for their performance, including being listed on America's Best Real Estate Professionals for seven consecutive years [4] Leadership and Vision - Nick Slocum, the current leader of the team, emphasized the importance of future-proofing the business while honoring its legacy, stating that joining eXp Realty provides a larger platform and toolbox for their agents [5][8] - The decision to join eXp was unanimously supported by all agents, indicating strong trust in leadership and excitement for the opportunities ahead [6] Recognition and Achievements - Nick Slocum has received notable accolades, including being named 2024 REALTOR® of the Year and earning a spot on Providence Business News' 40 Under Forty list in 2023 [7]

Core Insights - Approximately 56,000 home-purchase agreements were canceled in August, representing 15.1% of homes that went under contract that month, marking the highest cancellation rate for August since 2017 [1] Group 1: Market Trends - The cancellation rate increased from 14.3% a year earlier, indicating a growing trend of home purchases falling through [1] - The primary reason for the increase in cancellations is the lack of alignment and willingness to compromise between buyers and sellers [1]