Pending Home Sales in U.S. Dip in July

National Association of Realtors | August 30, 2019

According to the National Association of Realtors, pending U.S. home sales fell in July 2019, reversing course on two consecutive months of gains. Of the four major regions, each reported a drop in contract activity, although the greatest decline came in the West. The Pending Home Sales Index, forward-looking indicator based on contract signings, decreased 2.5% to 105.6 in July, down from 108.3 in June. Year-over-year contract signings fell 0.3%, doing an about-face of the prior month's increase.

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seventy-nine percent of real estate firms have a single office, typically with three full-time real estate licensees and 81 percent specialize in residential brokerage, down from 85 percent in 2016. Thirty-six percent of firms are LLCs, 26 percent are sole proprietorship, 27 percent are S-Corps, and nine percent are C-Corps. Fifty-seven percent of firms cover a geographic market area of a metropolitan area or region, 30 percent cover a rural area or small town, seven percent cover a resort area or small town, and five percent cover a multi-state area. Only one percent are nationwide firms.

Spotlight

seventy-nine percent of real estate firms have a single office, typically with three full-time real estate licensees and 81 percent specialize in residential brokerage, down from 85 percent in 2016. Thirty-six percent of firms are LLCs, 26 percent are sole proprietorship, 27 percent are S-Corps, and nine percent are C-Corps. Fifty-seven percent of firms cover a geographic market area of a metropolitan area or region, 30 percent cover a rural area or small town, seven percent cover a resort area or small town, and five percent cover a multi-state area. Only one percent are nationwide firms.

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letus (previously RentMoola) | June 02, 2022

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JPAR | June 08, 2022

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Accel Real Estate Commission Advance | July 22, 2022

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