In October, the mortgage industry saw a continued decline in agent movement, as indicated by the seasonally adjusted AMI metric dropping to 86.2. This downward trend in agent mobility has been ongoing in recent months.
Key observations from October include:
• Seasonally adjusted AMI metric dropping to 86.2
• Continued decline in agent mobility
• Factors influencing decline: Presidential election and NAR settlement impacting agents’ movements
These observations suggest that external factors such as political events and industry regulations are playing a significant role in shaping the current landscape of agent movement within the mortgage industry. Industry experts will need to closely monitor these trends and adapt their strategies accordingly.
You can read this full article at: https://www.housingwire.com/articles/continued-downward-trend-in-agent-mobility-reflects-ongoing-challenges-in-real-estate-market/(subscription required)
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