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. She is also filing the suit as both a home seller and a homebuyer. District Court for the Eastern District of California in Sacramento.

Realtors 325

Realtors Agents Sellers Real Estate 325

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 328

Sellers Contracts Buyers Realtors 328

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 317

Sellers Realtors Law Contracts 317

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 344

Law Sellers Realtors Contracts 344

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

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 406

Sellers Real Estate Buyers Contracts 406

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

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. home sales during the third quarter (3Q) of 2023, according to a report from Redfin – about the same as one year earlier (35.9%) but up from 27.6% in 2023, down from 40.0% a year earlier.

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

FEBRUARY 28, 2024

PRO TIP: If you want scroll-stopping hooks and educational content like this without the writer’s block, check out the marketing company who wrote it: Coffee & Contracts. All created by Realtors, for Realtors. Visit Coffee & Contracts 3. As a Realtor, you have endless opportunities for content creation.

Real Estate 397

Real Estate Marketing Tools Contracts 397

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. Existing-home sales dropped 4.1% Compared to October 2022, existing home sales slumped 14.6%, down from 4.44

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

FEBRUARY 27, 2024

Filed in late 2023 in the U.S. District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims.

Realty 353

Realty Real Estate Law Brokerage 353

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. According to the National Association of Realtors (NAR), some 96% of homebuyers use the internet in their home search.

Real Estate 375

Real Estate Real Estate Agent Agents Tools 375

Housing Wire

MARCH 22, 2024

I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We From 2022 to 2023 alone, rates rose 15%. In comparison, the average U.S.

Insurance 363

Insurance Inventory Marketing Real Estate 363

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 324

Agents Real Estate Training Buyers 324

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%

Inventory 195

Inventory Housing Market Contracts Realtors 195

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 385

Investors Agents Real Estate Buyers 385

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 332

Agents Realtors Clients Real Estate Agent 332

Housing Wire

FEBRUARY 22, 2024

In early September 2023, Steve Murray , the co-founder of RealTrends Consulting , told HousingWire that he believed this was a possible outcome. The outcome the DOJ wants would only reduce costs for sellers, but it Is going to put buyers in a hole,” Murray said.

Sellers 412

Sellers Buyers Real Estate Agents 412

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. To the everyday buyer and seller , they may not think there is much of a difference between the two. The National Association of REALTORS® (NAR) is America’s largest trade association with over 1.5

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

Housing Wire

SEPTEMBER 26, 2023

We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. Fewer new sellers also means that inventory can’t grow too much; the real trouble develops when demand drops and supply surges. What’s happening with inventory?

Inventory 481

Inventory Contracts New Listings Mortgage 481

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 335

Agents Real Estate Contracts Real Estate Agent 335

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

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. Tables have turned for some sellers.

Mortgage 388

Mortgage Sellers Contracts Buyers 388

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 463

Buyers Marketing Sellers Loan Officers 463

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 64

Sellers Realtors Buyers Inventory 64

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 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

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 It’s now obvious to everyone that home prices have held up in 2023 because demand has exceeded the very limited supply of homes to buy. Pending Sales There are now 378,000 single-family homes in contract.

Inventory 285

Inventory Contracts New Listings Buyers 285

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

APRIL 5, 2024

Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Brokerage 355

Brokerage Sellers Law Contracts 355

Housing Wire

SEPTEMBER 19, 2023

Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. I interviewed Dr. Jessica Lautz from the National Association of Realtors for the Altos podcast and we talked about the prospect of 8% mortgage rates. There are 345,000 single-family homes in the contract pending stage.

Housing Market 405

Housing Market Marketing Inventory New Listings 405

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. Also, we are starting to see more sellers list their homes (i.e., Sales are down 22.8%

Sellers 69

Sellers Inventory Buyers Real Estate 69

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

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

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

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 291

Real Estate Brokerage Buyers Property Management 291