Remove 2019 Remove Buyers Remove Clients Remove Real Estate Agent
article thumbnail

As insurance costs rise, real estate agents have more buyer concerns to assuage

Housing Wire

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I

article thumbnail

Tight inventory and frustrated buyers challenge agents in Virginia

Housing Wire

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5%

Inventory 365
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The ‘double-edged sword’ of dual licensing

Housing Wire

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

article thumbnail

Redfin: Over half of buyers are going above asking price

Housing Wire

” How real estate agents can alleviate consumer pain points in a tight market. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. But that’s not slowing down buyers. Presented by: Move Sales.

Buyers 413
article thumbnail

Working with buyers in the nation’s hottest housing market

Housing Wire

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap.

article thumbnail

NAR adds home improvement contractor’s app to Realtor benefits

Housing Wire

“This collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,” said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal.

article thumbnail

Fed advocates for change in the agent commission dispute

Housing Wire

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. They noted that in the Houston metro area, between 1997 and 2019, 2.58 of them including an offer to pay 3% of the sales price to the buyer’s agent. needs to change.

Agents 348