Housing Wire

FEBRUARY 5, 2024

In late October 2023, a Missouri jury found HomeServices of America, as well as Keller Williams and the National Association of Realtors , liable for colluding to artificially inflate real estate agent commissions. There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 388

Contracts Brokerage Law Real Estate Agent 388

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement.

Inventory 377

Inventory Contracts Housing Market Realtors 377

Housing Wire

APRIL 4, 2024

Despite settlement agreements from Anywhere , RE/MAX , Keller Williams , Compass and the National Association of Realtors (NAR), the copycat commission lawsuits keep coming. In May 2023, Jutla reportedly sold her Seattle home before purchasing a new property in California. She used Redfin agents for both listing and buying purposes.

Realtors 346

Realtors Agents Sellers Real Estate 346

Housing Wire

MARCH 19, 2024

billion in damages awarded by a jury in late October 2023. million in funds that resulted from the settlement agreements reached by Anywhere , RE/MAX , Keller Williams and the National Association of Realtors (NAR). 1, 2023) at the rate of 5.4% The plaintiffs then subtracted the $626.5 per year, compounded annually.

Sellers 341

Sellers Realtors Law Contracts 341

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

Realtors 413

Realtors Agents Brokerage Contracts 413

Housing Wire

MARCH 27, 2024

2023, denied the HomeServices defendants’ motion to decertify the class. At the time, the defendants in the suit, which included HomeServices, as well as the National Association of Realtors , Keller Williams , Anywhere , and RE/MAX , requested that the Eighth Circuit court of appeal review the class certification order.

Law 370

Law Sellers Realtors Contracts 370

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Looking ahead to the second half of 2023 and beyond, NAR said it expects that the economy will continue adding jobs , but at a slower pace.

Inventory 406

Inventory Realtors Contracts Construction 406

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.

Sellers 352

Sellers Contracts Buyers Realtors 352

Housing Wire

OCTOBER 31, 2023

home prices continued to rise in August 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement. in August, which marks the seventh consecutive monthly gain since prices bottomed in January 2023. in September year over year to $394,300, according to the National Association of Realtors.

Inventory 457

Inventory Housing Market Contracts Realtors 457

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. in 2023 and 5.4% year over year in 2023 to a total of 4.47

Housing Market 410

Housing Market Realtors Contracts Buyers 410

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. “In Existing-home sales dropped 4.1% Compared to October 2022, existing home sales slumped 14.6%, down from 4.44

Inventory 393

Inventory Realtors New Listings Contracts 393

Housing Wire

JANUARY 3, 2024

The survey, which was conducted between the end of November and the end of December 2023, garnered 136 respondents, with 28 from the Northeast, 26 from the Southeast, 33 from the Midwest, 33 from the Southwest and 16 from the Northwest. I was already using buyer broker contracts, but now use them 100% of the time.

Agents 357

Agents Realtors Clients Real Estate Agent 357

Housing Wire

SEPTEMBER 29, 2022

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Home sales will pick up in the second half of 2023, but will be down by 7.1% regions recorded year-over-year decreases in contract signings. In July , the index fell 1.0%

Contracts 355

Contracts Realtors Inventory Marketing 355

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. in 2023 before increasing to 4.1% in 2023, settling at 4.38

Construction 357

Construction Inventory Realtors Housing Market 357

Housing Wire

MAY 3, 2024

But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment. million in Q1 2023. annualized decline in U.S.

Agents 348

Agents Real Estate Training Buyers 348

Lamacchia Realty

DECEMBER 18, 2023

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. What many consumers don’t realize is there are some key distinctions of a REALTOR® that will benefit them in their real estate endeavors. What is NAR?

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

Appraisal Buzz

MARCH 28, 2024

compared with February 2023, according to the National Association of Realtors (NAR). Month-over-month, contract signings climbed in the Midwest and South but sank in the Northeast and West. Pending home sales increased 1.6% in February compared with January but were down 7.0% regions.

Inventory 195

Inventory Housing Market Contracts Realtors 195

Housing Wire

MARCH 29, 2024

In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of interest which was filed in early February in relation to the proposed settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network in July 2023.

Sellers 418

Sellers Real Estate Buyers Contracts 418

Housing Wire

FEBRUARY 27, 2024

Filed in late 2023 in the U.S. Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. In the Umpa suit — which is seeking class-action status for everyone in the U.S.

Realty 378

Realty Real Estate Law Brokerage 378

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 11.2% year over year, with November 2023 at 5,397 compared to 6,078 last November. 2023: 4,691 2022: 5,333 2021: 7,485 Price Reductions: The number of price reductions is down 4% when compared to November 2022.

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 12.9% year over year, with November 2023 at 2,732 compared to 3,138 last November. Single families: 2,402 (2022) | 2,109 (2023) Condominiums: 736 (2022) | 623 (2023) Average sales price has increased by 8.2%

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

JANUARY 30, 2024

2023 marked a significant chapter in real estate history, on the state level in Maine as well as nationally. The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 new hampshire housing report NEW HAMPSHIRE Home Sales Down, Average Prices Up Home sales are down 4.9% year over year, with November 2023 at 1,460 compared to 1,535 last November. 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

Real Estate 56

Real Estate Sellers Buyers Realtors 56

Housing Wire

FEBRUARY 16, 2024

In June 2023, MLS PIN reached a settlement agreement with the Nosalek plaintiffs. Currently, in order to list a property, the listing broker must make an offer of at least one cent, but under the settlement, MLS PIN would drop that to zero dollars. The Keller Williams settlement has yet to receive preliminary approval.

Sellers 423

Sellers Buyers Real Estate Contracts 423

Housing Wire

MAY 1, 2024

While Zillow’s net loss of $23 million for the quarter, which was up from its net loss of $22 million in Q1 2023, did not necessarily reflect Barton’s confidence, the firm’s 13% annual increase in revenue to $529 million did. We are advantaged primarily because we are a product and technology company first.”

Agents 357

Agents Real Estate Contracts Real Estate Agent 357

Lamacchia Realty

FEBRUARY 22, 2023

January 2023 New England housing reports Massachusetts – New Hampshire – Connecticut January Home Sales Down Nearly 36% in Northeast “We are experiencing a classic economic overcorrection in the housing sector with respect to the number of sales. March is next week so things will undoubtedly pick up. million to 4.00

Real Estate 70

Real Estate Sellers Contracts Buyers 70

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. “We do not have long-term contracts with many of our real estate partners,” the materials read.

Investors 410

Investors Agents Real Estate Buyers 410

Lamacchia Realty

MARCH 28, 2023

February 2023 massachusetts housing report February Highlights The Massachusetts housing market is beginning to pick up as we head further into the year, but home sales are still down significantly in February compared to this time last year. year over year with February 2023 at 3,347 compared to 4,337 last February. Sales are down 22.8%

Sellers 69

Sellers Inventory Buyers Real Estate 69

Listing Spark

DECEMBER 6, 2023

Knowing how to sell your home without a realtor can easily save you thousands of dollars on closing costs and fees. Advantages of Knowing How to Sell Your Home Without a Realtor Selling your home is already a massive undertaking, even if you’re moving within the same community. Let’s get technical for a second.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Lamacchia Realty

JULY 26, 2023

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2023 compared to the same period last year, January 1 st to June 30 th , 2022. Prices increased in all the categories in the first half of 2023 over the same time period in 2022. Number of Homes Sold Decreased by 24.8%

Sellers 57

Sellers Inventory Buyers Contracts 57

Housing Wire

SEPTEMBER 23, 2022

Women make up 66% of all Realtors, according to the National Association of Realtors ‘ 2022 Member Profile , but hold just a fraction of executive leadership positions throughout the industry. HW Media : What do you think will be the big themes for the housing market in 2022-2023?

Real Estate Agent 357

Real Estate Agent Agents Real Estate Realtors 357

Lamacchia Realty

MARCH 28, 2023

February 2023 connecticut housing report February Highlights As we move further into the year, the Connecticut housing market is showing signs of improvement, although home sales in February are still significantly lower compared to last year. year over year with February 2023 at 1,902 compared to 2,547 last February.

Sellers 53

Sellers Buyers Inventory Real Estate 53

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Lamacchia Realty

MARCH 28, 2023

February 2023 new hampshire housing report February Highlights The New Hampshire housing market has shown some signs of momentum, but overall February home sales remain considerably lower than last year. As the market is ever-evolving, working with an experienced and knowledgeable REALTOR® will be crucial to finding success!

Sellers 51

Sellers Inventory Buyers Real Estate 51

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. Roger Ferguson , former vice chairman of the board of governors of the U.S. Tables have turned for some sellers.

Mortgage 399

Mortgage Sellers Contracts Buyers 399

Listing Spark

SEPTEMBER 27, 2023

The real estate industry is no exception, and realtors who specialize in (or at least serve) property investment clients are seeing the beginnings of a complete technological transformation through AI and increasingly smart tools , such as property investment software. Realtors provide insights for pricing strategies.

Realtors 36

Realtors Investing Real Estate Clients 36

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 305

Real Estate Brokerage Buyers Property Management 305