Housing Wire

MARCH 8, 2024

“At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools. as of March 6, 2024.

Housing Market 391

Housing Market Buyers Agents Marketing 391

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? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 417

Clients Agents Buyers Sellers 417

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots.

Sellers 358

Sellers Real Estate Realtors Real Estate Agent 358

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I There has also been an uptick in the strength and scale of natural disasters.

Real Estate Agent 418

Real Estate Agent Insurance Real Estate Agents 418

Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. All cash buyers now stand at 24%. Historically 2.5

Realtors 377

Realtors Housing Market Marketing Buyers 377

Housing Wire

NOVEMBER 3, 2023

I actually started out as a buyer’s agent myself… and I see buyer’s agency as being a very valuable tool for buyers,” Sanford said during the Q&A session. I’m concerned, quite frankly, about what this might mean to buyers who may not be able to afford representation if things change up too much.” million to $14.90

Buyers 339

Buyers Realty Real Estate Realtors 339

Housing Wire

JANUARY 16, 2024

District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. Unlike other commission lawsuit, the Whaley suit only names Realtor associations as defendants. 15, 2020, and the present.

Realtors 402

Realtors Real Estate Agent Real Estate Sellers 402

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.” But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents.

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. Orlando came closest to the national numbers in 2023 and 2022, and while Miami saw a decline in concessions, it was on par with national ones. in 2022 Orlando : 34.3%

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Real Estate Agent 350

Real Estate Agent Real Estate Agents Sellers 350

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 422

Sellers Buyers Real Estate Contracts 422

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. million, according to a report from the National Association of Realtors (NAR) released Friday. million existing homes were sold in 2022, down 17.8% After posting a 6.5%

Inventory 338

Inventory Housing Market Realtors Buyers 338

Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. enters the third year of the pandemic, the 2022 housing market remains on stable ground. While interest rates are projected to rise in 2022 to 3.5% As the U.S. Demographics.

Buyers 450

Buyers Inventory Landlords Housing Market 450

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 406

Realtors Buyers Inventory Sellers 406

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. million in October 2022 before gradually declining. Realtors who have paid their membership dues by Jan.

Realtors 301

Realtors Agents Inventory Modernization 301

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise.

Buyers 463

Buyers Realtors Inventory Sellers 463

Housing Wire

NOVEMBER 8, 2023

But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Unlike the Sitzer/Burnett , Moehrl and Gibson lawsuits , the National Association of Realtors (NAR) is missing from the list of defendants, however, the trade group’s presence is heavily felt in the plaintiffs’ complaint.

Real Estate 418

Real Estate Realtors Sellers Agents 418

Housing Wire

FEBRUARY 21, 2024

In her dismissal ruling on Tuesday, Wood wrote that the plaintiffs’ request for injunctive relief under the Sherman Antitrust Act “essentially mirror the allegations” made in the original 2021 complaint that she dismissed in May 2022 (which was previously known as the Leeder case). ” Wood also cited the $5.36

Brokerage 326

Brokerage Realtors Real Estate Law 326

Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively. The overall U.S.

Buyers 379

Buyers Inventory Realtors Mortgage 379

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. The lawsuit names the National Association of Realtors and Keller Williams as co-conspirators, but they are not defendants in the suit. “The 26 firm in the RealTrends 500 for transaction sides, after its agents closed 16,658 transaction sides in 2022.

Brokerage 350

Brokerage Sellers Realtors Agents 350

Housing Wire

SEPTEMBER 30, 2022

Another 125 basis points in hikes are still to come in 2022, with a federal funds rate topping out well above 4%. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. Not yet anyway.

Buyers 448

Buyers Mortgage Loan Officers Retail 448

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. population.

Real Estate Agent 455

Real Estate Agent Real Estate Realtors Buyers 455

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

NOVEMBER 7, 2023

Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It It was through seller incentives that loan originator Ryan Grant helped his FHA borrower buy down 3.5 points from the 7.5%

Agents 437

Agents Sellers Buyers Finance 437

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Compared to November 2022, existing home sales retreated 7.3%, down from 4.12 months in November 2022. Existing-home sales grew 0.8% All four U.S.

Inventory 365

Inventory Housing Market Realtors Buyers 365

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes six to 12 months. . Cincinnati and Miami.

Retail 421

Retail Sellers Buyers Market Value 421

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. ” Closed sales of single-family homes grew 0.6%

New Listings 394

New Listings Realtors Real Estate Inventory 394

Appraisal Buzz

MARCH 24, 2022

The share of millennial home buyers increased significantly over the past year, according to the latest study from the National Association of Realtors 2022 Home Buyer and Seller Generational Trends report. The post Largest Share of Buyers Purchased Homes in Suburbs, Rural Areas appeared first on Appraisal Buzz.

Buyers 150

Buyers Realtors Sellers Appraisal 150

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. 2022 Forecast series. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market. The new 2022 houing market environment.

Housing Market 403

Housing Market Marketing Supply Chain Mortgage 403

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 lower than October 2022 when inventory was at 1.22 months in October 2022. from October 2022’s $378,800. from October 2022’s $378,800. Existing-home sales dropped 4.1%

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

MAY 23, 2023

These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes about six months. in April 2023, according to the National Association of Realtors (NAR). The national median home price decreased 1.7%

Housing Market 403

Housing Market Marketing Retail Sellers 403

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. The market in Indianapolis is very cyclical,” Carrie Holle, Realtor and principal of the Carrie Holle Group with Compass , told HousingWire.

Housing Market 386

Housing Market Marketing Logistics Real Estate 386

Lamacchia Realty

JANUARY 16, 2023

has released their “Top Producing REALTORS®,” for all of 2022! This program recognizes the Top 10 REALTORS® out of the nearly 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Lamacchia Realty, Inc.

Realtors 73

Realtors Realty Real Estate Agents 73

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 344

Brokerage Real Estate Agent Real Estate Clients 344

Housing Wire

NOVEMBER 8, 2023

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C., America’s 1.5

Legal 315

Legal Law Insurance Real Estate 315

Housing Wire

MARCH 22, 2023

January’s typical down payment is down 35% from the high recorded in June 2022, but still up 30% compared to pre-pandemic levels. was recorded in May 2022. in 2022 to 19% in 2023) and San Francisco (23.3% in 2022 to 25% in 2023). The less competitive market has also resulted in more buyers using FHA and VA loans.

Buyers 379

Buyers Sellers Mortgage Realtors 379

Housing Wire

APRIL 26, 2024

The deal comes just days after the federal judge overseeing the commission case in Missouri approved a preliminary settlement that will see the National Association of Realtors and multiple other residential brokerages collectively pay hundreds of millions of dollars in damages and make large-scale changes to longstanding commission policies.

Brokerage 425

Brokerage Agents Real Estate Buyers 425