Steve Murray

ROAD to Housing Act sparks debate over investor limits, housing supply

When the Senate overwhelmingly passed the 21st Century ROAD to Housing Act on Thursday, longtime real estate analyst Steve Murray zeroed in on a number at the center of the legislation: 350. That figure, under the bill, defines a “large institutional investor” — a category that triggers strict limits on single-family home purchases and imposes […]

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Real estate leaders weigh in on potential ban on large investors

President Donald Trump announced plans to ban large institutional investors from buying single-family homes earlier this week, arguing the move would ease competition for families and improve housing affordability. The proposal has reignited a long-running debate over the role Wall Street-backed landlords play in the housing market — and whether restricting them would meaningfully lower

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Expert speaks on Compass-Anywhere market share, consolidation

Compass’s acquisition of Anywhere Real Estate creates a national brokerage powerhouse — but industry veteran Steve Murray says the deal’s biggest effects will be in scale, services and back-office consolidation. Murray — senior advisor for HousingWire and founder of RealTrends and RTC Consulting —estimates the combined Compass-Anywhere operation will handle roughly a million transaction sides

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Real estate brokerage profit margins show signs of stabilization

Real estate brokerages may no longer be at the profitability peak they hit during the height of the pandemic housing market, but their margins are showing signs of stabilization after the market rapidly shifted in 2022 due to the interest rate hikes, according to data published by real estate brokerage accounting software and services provider

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How to navigate a successful brokerage acquisition

In the wake of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement, RealTrends Consulting co-founder Steve Murray predicted a new wave of industry consolidation.  “Almost any time in history the U.S. federal government gets involved in this kind of litigation against a whole industry and imposes draconian changes to that industry, it causes

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