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Industry Landscape
The US residential real estate market is dynamic, influenced by interest rates, inventory levels, and consumer demand. While facing some headwinds from higher rates, demand for housing remains robust, particularly in desirable areas. Technological adoption continues to shape how properties are listed, searched, and transacted, fostering innovation in brokerage services and online platforms.
Total Assets Under Management (AUM)
Existing Home Sales in United States
~4.19 million (SAAR as of February 2024)
(-3.3% (Year-over-year, February 2024) CAGR)
• This represents a year-over-year decline.
• Influenced by higher mortgage rates and limited inventory.
• Suggests a cooling but still active market.
Total Addressable Market
3 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Predictive Analytics
AI and machine learning algorithms analyze vast datasets to predict market trends, property values, and buyer behavior, offering highly accurate insights.
Virtual and Augmented Reality (VR/AR)
VR and AR enable immersive virtual property tours and digital staging, allowing buyers to experience homes remotely with unprecedented realism.
Blockchain for Property Transactions
Blockchain technology can secure and streamline property transactions, ensuring transparent, immutable records and reducing fraud and closing times.
Impactful Policy Frameworks
NAR Settlement Agreement (2024)
The National Association of Realtors (NAR) reached a proposed settlement in March 2024 to eliminate rules requiring listing brokers to offer compensation to buyer brokers, effective mid-July 2024.
This policy will likely shift the burden of buyer agent commission onto the buyers themselves, potentially altering traditional commission structures and buyer representation agreements.
Corporate Transparency Act (CTA) (2024)
Effective January 1, 2024, the CTA requires many companies, including those holding real estate, to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).
The CTA increases reporting requirements and transparency for entities involved in real estate transactions, aiming to combat illicit financial activities.
Federal Reserve Interest Rate Hikes (Ongoing since 2022)
The Federal Reserve has been steadily increasing the federal funds rate since 2022 to combat inflation, which directly influences mortgage interest rates.
Higher mortgage rates increase the cost of borrowing for homebuyers, potentially reducing affordability and dampening demand in the housing market.
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