Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. 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.

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Real Estate Agent Real Estate Agents Sellers 410

Housing Wire

NOVEMBER 30, 2023

After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement. “At million, up 12% from 2023’s 4.1 million in 2023. million in 2023.

Buyers 473

Buyers Housing Market Sellers Inventory 473

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . According to industry watchers, sellers are attracting buyers to their homes through mortgage rate buydowns.

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Sellers Mortgage Loan Officers Buyers 527

Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. You are being accused of not being transparent. “If

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Buyers Agents Real Estate Agent Clients 421

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 450

Real Estate Agent Real Estate Buyers Agents 450

Housing Wire

NOVEMBER 9, 2020

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Compared to this time last year, the HPSI is still down 7.1 increase the same time next year.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Inman

NOVEMBER 16, 2023

NAR’s 2023 Profile of Home Buyers and Sellers has just been released, and it’s packed with insights that can help you take your business to the next level in 2024. According to trainer Bernice Ross, the most important insights concern your lead generation and lead conversion.

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Sellers Buyers Business Realtors 158

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. Buyer interest has increased over the past few months, but showing activity is still much lower than it would be in a typical spring market. What can we expect in 2023? Buyer disappointment.

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Housing Market Marketing Inventory Buyers 421

Housing Wire

MARCH 11, 2024

Remote online notarization (RON) platform NotaryCam expanded its independent notary platform customer base by 46% in 2023, according to an announcement on Monday. In addition to expanding its notary platform customer base, NotaryCam also grew the number of loss-mitigation-related RON transactions it was part of in 2023 by 115%. “We

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Law Real Estate Sellers Investors 421

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. 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 479

Buyers Realtors Inventory Sellers 479

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.

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Clients Agents Buyers Sellers 432

Housing Wire

JULY 17, 2023

Buyers and sellers alike must learn to navigate these uncharted waters. Buyers aren’t willing to value companies at that level in this market, nor should they. Less cash up front Every seller would love a duffle bag of cash dropped on their desk. At the end of the day, sellers want to sell, and buyers want to buy.

Real Estate 370

Real Estate Buyers Sellers Brokerage 370

Sacramento Appraisal Blog

MARCH 28, 2023

Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.

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Sellers Housing Market Marketing Real Estate 220

Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. “Settlement is always an option for any party in litigation.

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Buyers Realtors Agents Real Estate 491

Housing Wire

MARCH 4, 2024

In many respects, 2023 was the year of the homebuilder. The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins. They also boast advantageous relationships with land sellers and can command lower costs of debt.

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Construction Inventory Sellers Buyers 420

Housing Wire

NOVEMBER 23, 2022

What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. in the second year.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

Real Estate 410

Real Estate Buyers Tools Real Estate Agent 410

Housing Wire

OCTOBER 7, 2020

August’s HPSI survey revealed both a confident seller’s and buyer’s market, however, Fannie Mae reported September buyers showing more hesitancy. Despite real estate agents reporting record numbers, buyer morale fell 5% with 54% of respondents saying it is a good time to buy a home. Presented by: NAMB. As of Oct.

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Sellers Real Estate Agent Buyers Design 537

Housing Wire

JANUARY 10, 2023

Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months. On the buyer side, 21% said it was a good time to buy, an increase from 16% in November. recorded in October 2022. in the same period.

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Buyers Lending Mortgage Government 485

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023.

Real Estate 431

Real Estate Real Estate Agent Tools Agents 431

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 466

Real Estate Agent Agents Real Estate Buyers 466

Housing Wire

SEPTEMBER 5, 2023

According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits.

Real Estate 421

Real Estate Buyers Legal Realtors 421

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. most likely by mid-year.

Housing Market 432

Housing Market Marketing Inventory Sellers 432

Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. In the first half of 2023, the year-over-year increase in the share of listings with price cuts rose as high as 80.7%.

Mortgage 441

Mortgage Sellers New Listings Buyers 441

Housing Wire

JUNE 5, 2023

Since the start of 2023, inventory has deteriorated in 95% of major markets, the report notes. This is compounding the challenges for potential home buyers and the origination market alike, Walden said. It now takes 34.2% One key contributor to the affordability challenges is dwindling inventory nationwide.

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Inventory Buyers Housing Market Mortgage 397

Housing Wire

MARCH 13, 2024

The DOJ’s statement was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS PIN in July 2023. Since the initial filing, the plaintiffs and MLS PIN have filed two amended agreements in order to appease the DOJ, which first became involved in the suit in early October 2023.

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Legal Contracts Sellers Buyers 441

Housing Wire

AUGUST 18, 2023

Magazine ’s 5000 list for 2023, a ranking of the fastest-growing companies in the U.S. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. 5000 – 2023 CityLight Homes came in as the top-ranked real estate brokerage or team in 2023, claiming the No.

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Brokerage Real Estate Realty Real Estate Agent 370

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately.

Mortgage 397

Mortgage Marketing Loan Officers Real Estate Agent 397

Housing Wire

FEBRUARY 27, 2024

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year. Compass attributed some of these struggles to the slower housing market of 2023, which saw Compass close 178,848 transactions, down 15.5%

Agents 421

Agents Brokerage Buyers Training 421

Housing Wire

DECEMBER 14, 2022

Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts. by the end of 2023, according to fresh projections, up from an estimate of 3.9% by the end of 2023, dropping slightly from the projected 7.5%

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Mortgage Housing Market Buyers Sellers 421

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. So, what do you, as a seller, do in this scenario?

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Inspection Sellers Buyers Agents 74

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.

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Housing Market Marketing Insurance Mortgage 450

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. “The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states.

Sellers 432

Sellers Buyers Real Estate Contracts 432

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states.

Sellers 432

Sellers Realtors Buyers Agents 432

Housing Wire

JANUARY 12, 2024

In the third quarter of 2023, 88.5% To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. in mid-2022. below 5%, 59.4%

Real Estate Agent 473

Real Estate Agent Sellers Inventory Mortgage 473

Housing Wire

MARCH 28, 2024

The DOJ’s statement of interest, which was filed in mid-February, was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS Property Information Network (MLS PIN) in July 2023. DOJ’s apparent change of heart in its [statement of interest] in this case is striking,“ NWMLS wrote in the draft of its brief.

Sellers 430

Sellers Contracts Buyers Realtors 430

Housing Wire

MAY 7, 2024

million, an increase of 5% compared to the first quarter of 2023. million in Q1 2023 and well above its $23 million loss in Q4 2023. Redfin’s mobile apps and website attracted nearly 49 million average monthly users, compared to an average of 50 million in the first quarter of 2023. The brokerage posted revenue of $225.5

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Marketing Brokerage Advertising Agents 445