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The large companies are facing macroeconomic pressures because of high mortgage rates, Fitch said, but the American Land Title Association noted the industry's strong financial position.

The company allows borrowers to access a multitude of home services, promoting recapture and retention for both real estate firms and mortgage servicing rights inventors.

Anthony Venette, CPA/ABV, MBA, leads Withum's tax valuation services practice. He works with privately held businesses, families, and their advisors on tax planning, strategic estate and business valuation, ownership transitions, mergers and acquisitions, and complex valuation matters.

The drop was largely driven by a sharp decline in multifamily construction.

Major real estate players are headed to trial next month over challenges to current commission practices, in which the seller covers fees for both themselves and the buyer.

On average since 1970, new home sales volumes decline 7% month-over-month in September and 13% quarter-over-quarter in the final months of the year, according to analysts. 

Housing costs grew to an average of $2,632 during the four weeks ending Sept. 10, according to a Redfin report.

High mortgage rates and the lack of inventory for sale pushed the sector into a downturn twice recently - between May and November last year and in May of 2023 - according to First American

Nathan Stevenson is the founder and CEO of ForwardLane.

Prior to launching ForwardLane in 2015, Nathan worked in the financial services and technology sectors, including roles at BNP Paribas, asset manager CQS and the Johannesburg Stock Exchange. He is a noted commentator on AI application in financial services.