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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

Clients 416
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Do Wood Floors Increase Home Value?

Lamacchia Realty

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer.

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Buyers flock to Bay City, Michigan for ultra-low home prices

Housing Wire

As work-from-home becomes more of a national norm, prospective homebuyers are seeking better home values in small towns that still offer a lot of amenities. Per Realtor.com , homes are being sold at an average of $111,000 in Bay City, and the average listing price per square foot is only $75. compared to 2020.

Buyers 393
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Spring brings homebuying season and increased risk of wire fraud

Housing Wire

For many buyers, closing day represents the beginning of the next chapter in their lives – having a new place to celebrate important milestones and create new memories. Unfortunately, as buyers are preparing for this momentous day, wire fraud – a scam in which cybercriminals attempt to steal buyers’ hard-earned money – poses a serious threat.

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Market Correction or Seller Panic?

Appraisal Buzz

Unless you’re living under a rock, you have heard that interest rates have been rapidly increasing since Q1 of 2022. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%. Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market.

Sellers 435
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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

regions, but declined in the West, according to the National Association of Realtors. Pending home sales decreased in all four regions compared to one year ago. from February 2022. Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.”

Contracts 280
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Buyers Waited for Falling Prices? Big Mistake

Empire Appraisal Group

Buyers Waited for Falling Prices? Source: Buyers Waited for Falling Prices? Big Mistake | Florida Realtors. Some buyers waited for bargain homes that appeared after the Great Recession – but to counter higher mortgage rates, year-to-year prices have to drop 45%. © Copyright 2022 INFORMATION INC.,

Buyers 78