Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. That rate is up from 14.3% That rate is up from 14.3% The median U.S.

Buyers 396

Buyers Mortgage New Listings Real Estate Agent 396

Housing Wire

MARCH 2, 2023

“Prior to the COVID-19 pandemic, it was normal for inventory to rise in February as the spring home sellers began listing their homes and buyers weren’t yet out in force,” Simonsen wrote in his February 13 housing market update. We are seeing some modest increases, but the pressure is still there for the buyers,” Redding said.

Real Estate Agent 371

Real Estate Agent Inventory Real Estate Agents 371

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024.

Housing Market 399

Housing Market Buyers Agents Marketing 399

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff. High octane stuff.

Housing Market 497

Housing Market Marketing Real Estate Agent Real Estate 497

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 382

Real Estate Agent Real Estate Agents Loan Officers 382

Housing Wire

MARCH 12, 2024

“While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP. But last year I had co-borrowers where the dad was jumping in, the mom jumping in. “But

Real Estate Agent 443

Real Estate Agent Real Estate Buyers Realty 443

Housing Wire

NOVEMBER 1, 2023

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? billion in Missouri alone.

Clients 420

Clients Agents Buyers Sellers 420

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 469

Buyers Mortgage Real Estate Agent Contracts 469

Housing Wire

APRIL 16, 2024

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%.

Real Estate Agent 410

Real Estate Agent Loan Officers Real Estate Agents 410

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

Real Estate Agent 379

Real Estate Agent Real Estate Sellers Buyers 379

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 352

Buyers Contracts Agents Realtors 352

Appraisal Buzz

JULY 25, 2022

Until recently, the mortgage industry has been satisfied to leave the work of empowering new buyers to their real estate agents, so that loan officers (LOs) could spend time focusing on the flood of refinance business that led to a $4 trillion mortgage market in 2021.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. If they work with a Rocket Homes partner agent, they’d receive nearly $5,000 toward their closing costs. (To

Agents 386

Agents Buyers Real Estate Agent Mortgage 386

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 378

Buyers Agents Loan Officers Real Estate 378

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Marketing 508

Marketing Buyers Sellers Realtors 508

Housing Wire

APRIL 13, 2021

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. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

APRIL 25, 2023

The Detroit-headquartered lender’s first special-purpose credit program debuted in December 2022. The program is available for buyers who met the requirements and are purchasing a home in countries across 10 metropolitan areas. For Rocket Pro TPO, home sellers or real estate agents funded the program for borrowers. “We’re

Buyers 321

Buyers Finance Real Estate Agent Government 321

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. Listing brokers make offers of compensation to buyer brokers who bring a buyer to the table. And if those same consumers had to go it alone without buyer representation?

Real Estate Agent 456

Real Estate Agent Real Estate Realtors Buyers 456

Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. In 2022, the Husky Homes team closed 121 transactions and more than $48.4 Compass launched operations in Wisconsin in 2021 and currently operates eight offices with 175 real estate agents. million in sales volume.

Real Estate Agent 401

Real Estate Agent Real Estate Realty Technology 401

Mashvisor

APRIL 29, 2022

Before anyone decides to pursue a career as a real estate agent in 2022, one question lingers in their mind: how much do real estate agents make? Table of Contents…

Real Estate Agent 68

Real Estate Agent Real Estate Agents Sellers 68

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. I really think until we see inventory move in our favor, it’s still going to be a tough market for a buyer. After originating $1.66

Buyers 379

Buyers Housing Market Marketing Real Estate Agent 379

Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission.

Realtors 410

Realtors Real Estate Agent Real Estate Sellers 410

Housing Wire

JANUARY 12, 2024

in mid-2022. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat. In the third quarter of 2023, 88.5%

Real Estate Agent 460

Real Estate Agent Sellers Inventory Mortgage 460

Housing Wire

AUGUST 25, 2022

“By leveraging innovative digital technology and the company’s industry-leading public records data, the PRISM platform delivers a more efficient, more convenient real estate transaction experience for our title agents and the lenders, real estate agents, buyers and sellers they serve.”.

Agents 343

Agents Real Estate Agent Real Estate Sellers 343

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. In early 2022, people were locking into 3% and 4% interest rates. Homelight surveyed real estate agents who found ADU ROIs to be neutral to negative, depending on the location. So, what’s happening with ADUs now?

Buyers 330

Buyers Real Estate Construction Finance 330

Housing Wire

APRIL 23, 2024

Martell said that when the mortgage market meltdown happened in 2022, the company set a plan that included simplifying the organizational structure, focusing on client service and quality, automation and operating leverage. million loss in 2022. . “On the cost side, obviously, we’re tightening our belts,” Martell said.

Mortgage 284

Mortgage Real Estate Agent Real Estate Renovations 284

Housing Wire

DECEMBER 16, 2021

Nevertheless, while we view the trends described below as the most likely path for the economy and mortgage market in 2022, this news highlights the elevated level of uncertainty we’ve all been living with the past few years. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Marketing 448

Marketing Mortgage Supply Chain Inventory 448

Housing Wire

SEPTEMBER 12, 2023

Yakima Valley, Washington-based The Real Estate Collective , is RE/MAX’s latest franchise, according to an announcement on Tuesday. The new firm is owned by Haley Larson, who joined RE/MAX with her 17 agents. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release.

Brokerage 393

Brokerage Real Estate Agent Real Estate Agents 393

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. I wanted to close before May 1, so I selected a buyer who was already in underwriting. Congratulations!” You just sold your house.” And that was that!

Agents 393

Agents Real Estate Agent Brokerage Real Estate 393

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 352

Brokerage Real Estate Agent Real Estate Clients 352

Housing Wire

NOVEMBER 30, 2021

2022 is slated to be? a buyer’s market. ? . Agents, you might have a new area of interest for prospective buyers.??. a broker or an agent, having a deep knowledge of your market is impressive. yourself as a new real estate agent to a respected brokerage with multiple?offices?who Home prices?are

Real Estate 425

Real Estate Agents Real Estate Agent Business 425

Housing Wire

NOVEMBER 1, 2021

Staying productive and focused in the real estate market requires a combination of intelligent business decisions, technology and having a long-term approach to your strategy. That way, real estate agents can close sales without losing any potential leads. Speed-to-lead, guaranteed. Bottom Line.

Real Estate 384

Real Estate Real Estate Agent Agents Technology 384

Housing Wire

NOVEMBER 14, 2022

Ohio-headquartered Commitment Mortgage aims to leverage more than 600 Indiana real estate agents at Carpenter’s. The goal is to help home buyers search for homes and then capitalize on loan offerings, the lender said in a release. trillion in 2022, down from the previous year’s $4.4

Lending 321

Lending Realtors Real Estate Agent Mortgage 321

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 425

Finance Real Estate Agent Real Estate Insurance 425

Housing Wire

FEBRUARY 14, 2024

Real estate investors purchased 26.1% It was the highest share ever recorded and was up from 24% in Q4 2022. When they find those properties, they pile in,” Carrie Caruthers, a Redfin real estate agent in Riverside County, California, said in the report. of investor purchases, also down from Q4 2022.

Real Estate 491

Real Estate Investors Real Estate Agent Market Value 491

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville. From 2022 to 2023 alone, rates jumped 21.2%.

Insurance 389

Insurance Housing Market Marketing Agents 389

Housing Wire

OCTOBER 26, 2023

The partnership extends Offerpad’s reach by allowing seller requests from areas outside of Offerpad’s current markets to be served by certified agents affiliated with the Anywhere Leads Network , a nationwide network of 500 brokers and more than 100,000 real estate agents. “As

Real Estate Agent 356

Real Estate Agent Real Estate Sellers Agents 356