Looking ahead, the second quarter of 2025 is expected to bring a modest increase in listing activity as would-be sellers grow more comfortable with the new normal of interest rates and recalibrated expectations.
This year's winners were William “Bill” Flagg, Realtor, ERA Queen City Realty, Scotch Plains, NJ; Ennis Antoine, Managing Broker, Keller Williams West Atlanta, Atlanta, GA; and Greg Kiely, Cape Cod, MA.
At times of great uncertainty, consumers may put off making big decisions like buying a home or car, and businesses may delay investing until they have a better sense of what the future holds.
Williams joined the company in 2018 as Head of Digital and was promoted to Vice President in 2020.
This step in the organizational reshaping includes a staffing makeover that will impact 41 positions and eliminate 20 open roles that were redundant or that could be integrated elsewhere in the organization.
NAR forecasts mortgage rates will average 6.4% in 2025 and 6.1% in 2026.
Buyers paid 14.4% as a share of purchase price and $29,900 on average in 2024, up from 14.2% and $27,200 in 2023.
While growth in the city was faster than statewide growth (6.5%) and metropolitan area growth (7.4%), it lagged the nation’s overall 10.3% rate of housing growth.
Attendees will enjoy unlimited bowling, complimentary pizza, soft drinks, beer, and wine, plus added attractions like a DJ and a photo booth, HGAR officials stated.
The event is open to all Realtor Association members across North America and Ireland who are seeking to discover the secrets to international real estate trends, investment opportunities and strengthened global connections.
“Home buyers are slowly entering the market,” said NAR Chief Economist Lawrence Yun.
Reviewing February’s closed sales of single-family homes, only Rockland County and The Bronx saw gains of 7.1% and 4.2%, respectively.
Among the awarded projects, the Mid-Hudson and New York City regions secured a combined $92.1 million in funding.
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