Cities With the Most Real Estate Agents
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Like many other sectors of the economy, the real estate market was shaken in 2020 due to the effects of COVID-19. Shutdowns and social distancing measures slowed down real estate transactions in the spring, bringing home sales down to their lowest levels since 2007. As time has gone on, the real estate market has produced both challenges and opportunities for buyers, sellers, and their real estate agents, making it difficult to predict trends moving forward.
On the buyers’ side, low mortgage interest rates have continued to spur demand overall, and the new normal of work-from-home has made more workers reconsider the value they place on where they live, commute times, and home amenities. Meanwhile, some households have lost jobs and income due to the economic repercussions of the pandemic, while others are in a position to enter the market due to decreased spendi
The 15 Best-Paying Cities for Real Estate Agents
There are high-paying locations for real estate agents across the country.
Even before the COVID-19 pandemic, real estate agents were adopting new technologies as a way to connect with young, tech-savvy homebuyers. However, like so many other economic sectors, the real estate industry has been forced to expand these practices in response to social-distancing measures taken to reduce exposure to the coronavirus.
Now, virtual open houses and watch parties are the norm, and even formerly non-tech-savvy agents are embracing online document software and drone photography to comply with new restrictions.
Even with recent economic disruptions and high levels of unemployment, the real estate industry remains strong. And data from the S&P/Case-Shiller U.S. National Home Price Index reveals that home prices fueled by strong demand and a limited supply continue to rise.
Home services platform Porch acquires four companies
Only a few weeks after its SPAC IPO, Porch today announced that it has made four acquisitions, worth a total of $122 million. The most important here is probably the acquisition of Homeowners of America for $100 million, which gets Porch deeper into the home insurance space. In addition, Porch is also acquiring mover marketing and data platform V12 for $22 million, as well as home inspection service Palm-Tech and iRoofing, a SaaS application for roofing contractors. Porch did not disclose the acquisition prices for the latter two companies.
You may still think of Porch as a marketplace for home improvement and repair services and that’s what it started out as when it launched about seven years ago. Yet while it still offers those services, a couple of years after its 2013 launch, the company pivoted to building what it now calls a “vertical software platform for the home.” Through a number of acquisitions, the Porch Group
No. 19 That’s where Hampton Roads ranks among the best-paying large U.S. metropolitan areas for real estate agents, according to a report from Inspection Support Network.
In Tennessee, real estate agents earn an adjusted $48,743 per year, compared to a national median of $48,930.Even before COVID-19, real estate agents were adopting new technologies as a way to connect with young, tech-savvy home buyers. However, like so many other economic sectors, the real estate industry has been forced to expand these practices in response to social distancing measures. Now, virtual open houses and watch parties are the norm, and even formerly non-tech-savvy agents are embrac .