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 344

Sellers Contracts Buyers Realtors 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 19, 2024

billion in damages awarded by a jury in late October 2023. 1, 2023) at the rate of 5.4% 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. billion in damages this fall.

Sellers 333

Sellers Realtors Law Contracts 333

Housing Wire

MARCH 27, 2024

2023, denied the HomeServices defendants’ motion to decertify the class. Through careful analysis, Dr. Schulman explained that commission rates were uniformly high because of the cooperative compensation rule, without which a seller would not pay the commission of the buyer’s broker.”

Law 361

Law Sellers Realtors Contracts 361

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

APRIL 4, 2024

She is also filing the suit as both a home seller and a homebuyer. In May 2023, Jutla reportedly sold her Seattle home before purchasing a new property in California. seller commission when it was after signature of the Seller Agent contract moot because 6% of commission sharpen still occurred.”

Realtors 339

Realtors Agents Sellers Real Estate 339

Sacramento Appraisal Blog

JANUARY 16, 2023

Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market. How are appraisers handling concessions to the buyer?

Appraisal 341

Appraisal Contracts Real Estate Housing Market 341

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 415

Sellers Real Estate Buyers Contracts 415

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 423

Sellers Buyers Real Estate Contracts 423

Inman

FEBRUARY 5, 2024

percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.

New Listings 142

New Listings Contracts Inventory Real Estate 142

Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. 2023 Real Estate Performance Highlights The number of homes sold decreased by 21.7% The number of homes placed under contract (pending), decreased by 17.7%

Inventory 69

Inventory Sellers Contracts Buyers 69

Housing Wire

AUGUST 3, 2023

Opendoor continued to feel the market’s headwinds in the second quarter of 2023, which led to fewer homes sold and lower revenues in the period. The firm’s revenues came in at $2 billion in the second quarter of 2023, down 37% compared to the previous quarter and 53% related to 2Q 2022. in Q2 2023.

Inventory 332

Inventory Contracts Sellers Housing Market 332

Housing Wire

NOVEMBER 28, 2023

Home prices rallied in September, as homebuyers still outnumbered sellers. home prices continued their rally in September 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement.“Our in September, marking eight consecutive monthly gains since prices bottomed in January 2023. Home prices posted a 3.9%

New Listings 344

New Listings Contracts Inventory Sellers 344

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 349

Agents Real Estate Contracts Real Estate Agent 349

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. Will we get more inventory?

Real Estate Agent 417

Real Estate Agent Real Estate Buyers Agents 417

Lamacchia Realty

SEPTEMBER 22, 2023

AUGUST 2023 massachusetts housing report August Highlights INSERT BLURB HERE MASSACHUSETTS Combined Home Sales Down 22.4% year over year, with August 2023 at 6,833 compared to 8,809 last August. 2023: 5,974 2022: 7,609 2021: 8,995 Price Reductions: The number of price reductions is down 26.5% Combined sales are down 22.4%

Real Estate 63

Real Estate Sellers Realty Home Value 63

Lamacchia Realty

JANUARY 25, 2024

In 2023, the Rhode Island real estate landscape underwent significant changes. As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Sales Decline by 23.2%

Inventory 57

Inventory Sellers Buyers Real Estate 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. However, regardless of the necessity of a market adjustment, the process can be painful, and 2023 was certainly uncomfortable. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Lamacchia Realty

JANUARY 25, 2024

2023 stood out as a significant year in Connecticut real estate. As interest rates strive to find equilibrium following their sharp decline in 2020, buyers and sellers have had to accept that the era of pandemic-induced low rates is over, ushering in a period of higher monthly mortgage payments. Sales Decline by 22% A notable 21.7%

Inventory 52

Inventory Sellers Buyers Contracts 52

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 413

Sellers Buyers Real Estate Agents 413

Housing Wire

MARCH 27, 2023

In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. That’s a significant decline from February 2022, when 38% of homes in Austin were under contract within two weeks of being listed. Sellers are locked in because they can’t justify giving up a 2.9%

Housing Market 346

Housing Market Marketing Contracts Buyers 346

Housing Wire

MAY 3, 2024

“The key difference between our business model and that of many of our peers is that our model incentivizes agents to help buyers and sellers reach their housing goals, while some other models have incentivized their agents to recruit other agents, many of whom are not productive.” million in Q1 2023. annualized decline in U.S.

Agents 340

Agents Real Estate Training Buyers 340

Lamacchia Realty

JUNE 20, 2023

May 2023 massachusetts housing report May Highlights MASSACHUSETTS Combined Home Sales Down 24.6% year over year, with May 2023 at 5,994 compared to 7,950 last May. 2023: 7,571 2022: 9,417 2021: 10,161 Price Reductions: The number of price reductions is down 32.6% Sellers, pricing your home right is crucial in this market.

Sellers 65

Sellers Real Estate Realty Home Value 65

Lamacchia Realty

SEPTEMBER 22, 2023

AUGUST 2023 connecticut housing report August Highlights INSERT BLURB HERE CONNECTICUT Combined Home Sales Down 22.2% year over year, with August 2023 at 3,573 compared to 4,590 last July. Single families: 3,632 (2022) | 2,781 (2023) Condominiums: 958 (2022) | 792 (2023) Combined average prices have increased by 10.8%

Real Estate 59

Real Estate Sellers Realty Home Value 59

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. The 2022 slowdown was a welcome break from the unsustainable frenzy of 2021 , and 2023 continued the trend towards balance, albeit with some challenges. Average prices for closed sales increased by 7.2%

Inventory 52

Inventory Sellers Buyers Contracts 52

Housing Wire

MARCH 20, 2024

However, the company still makes the vast majority of its revenue – 75% in 2023 – from the services it provides brokers and agents in the for-sale residential market. “We do not have long-term contracts with many of our real estate partners,” the materials read.

Investors 402

Investors Agents Real Estate Buyers 402

Lamacchia Realty

NOVEMBER 27, 2023

october 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 14.3% year over year, with October 2023 at 5,613 compared to 6,553 last October. 2023: 6,586 2022: 6,585 2021: 8,136 Pending Home Sales: The number of homes placed under contract is down by 6.3% What’s next?

Sellers 65

Sellers Real Estate Buyers Inventory 65

Lamacchia Realty

SEPTEMBER 22, 2023

AUGUST 2023 new hampshire housing report August Highlights INSERT BLURB HERE NEW HAMPSHIRE Combined Home Sales Down 20.4% year over year, with August 2023 at 1,773 compared to 2,228 last August. Combined sales are down 20.4% Sales are down across all categories. when compared to last August , now at $544,508.

Real Estate 59

Real Estate Sellers Realty Home Value 59

Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. ” The value education was mentioned across the board.

Brokerage 381

Brokerage Real Estate Training Buyers 381

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 371

Brokerage Sellers Law Contracts 371

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

OCTOBER 19, 2023

SEPTEMBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 22.2% year over year, with September 2023 at 3,119 compared to 4,011 last September. Single families: 3,140 (2022) | 2,394 (2023) Condominiums: 871 (2022) | 725 (2023) Average sales price has increased by 5.7%

Sellers 60

Sellers Real Estate Buyers Realty 60

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 464

Buyers Marketing Sellers Loan Officers 464

Lamacchia Realty

OCTOBER 19, 2023

SEPTEMBER 2023 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 22.4% year over year, with September 2023 at 5,791 compared to 7,466 last September. 2023: 5,566 2022: 6,542 2021: 8,936 Price Reductions: The number of price reductions is down 35.3% What does this mean for Sellers

Sellers 60

Sellers Real Estate Buyers Realty 60

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 304

Law Real Estate Real Property Contracts 304

Housing Wire

NOVEMBER 21, 2023

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. Looking at the four major U.S. regions on a monthly basis, sales slid in the Northeast, South, and West but were unchanged in the Midwest. from October 2022’s $378,800.

Inventory 389

Inventory Realtors New Listings Contracts 389

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