The reduction in Phoenix-area active agents is roughly proportional to the reduction in home sales.
, mortgage loan originator for U.S. Bank in Scottsdale, said he expects to see pressure on mortgage rates into at least the first and second quarter of next year — but not with any large predicted increases.
In October, there were 2,393 active agents in Arizona. Of those, 713 were in Phoenix, 311 were in Mesa, and 308 in Scottsdale, which are the three cities AgentStory studied.Indeed, a lot of agents are getting out of the real estate business — and that is clearly shown in the numbers, saidHowever, October was a good month for his brokerage; and even close to one of his best months, Eilers said.
"But we are experiencing a significant drop in the amount of monthly business each agent is transacting," Hague said."This is a logical result of lower buyer demand and decreasing monthly sales."
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate set to take up marriage equality during lame duck sessionSenate Majority Leader Chuck Schumer said the chamber will likely vote on the Respect for Marriage Act in 'the coming weeks.'
Read more »
Offerpad, Zillow, Opendoor, Redfin (OPAD, Z, OPEN, RDFN) laying off more Phoenix workers - Phoenix Business JournalAs the major iBuyers — including Chandler-based Offerpad — lay off hundreds while shifting their focus during a cooling housing market, here's how much they could stand to lose.
Read more »
5 takeaways from the Arizona Wildcats’ 34-28 victory over No. 12 UCLAThe Wildcats-Bruins game in review: Jayden de Laura comps, rotation rewards, physical Cats, personnel notes and more.
Read more »
Legas, Tyler Jr. lead Utah State to 41-34 win over HawaiiCooper Legas threw three touchdown passes — including one to Calvin Tyler Jr., who finished with 25 carries for 113 yards and a TD — to help Utah State beat Hawaii 41-34.
Read more »
Dell's Alienware AW3423DW Is Out of This WorldShould you drop $1,300 on Alienware's new monitor? Our reviewer ... actually thinks you should because this thing is about as good as it gets. 📸 Dell
Read more »
China’s October Retail Sales and Industrial Output disappointChina’s October Retail Sales YoY, declined sharply to -0.5% vs. 1.0% expected and 2.5% previous while Industrial Production YoY came in at 5.0% and 5.
Read more »