Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. At the end of March, total housing inventory sat at 1.11 Meanwhile, unsold inventory sat at a 3.2-month

Inventory 339

Inventory Real Estate Agent Sellers Buyers 339

Cleveland Appraisal Blog

APRIL 26, 2023

With a shortage of housing inventory persisting, some are resorting to building their own home. If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. Time savers: Because buying land can be a time-consuming process, you may want to use a realtor to save time.

Realtors 272

Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

MARCH 27, 2024

The National Association of Realtors (NAR) urged the U.S. Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price.

Buyers 440

Buyers Real Estate Agent Inventory Real Estate 440

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 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.”

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

MARCH 19, 2024

Dual licensing is one of the opportunities being opened to the mortgage industry by the National Association of Realtors ’ (NAR) pending nationwide settlement of commission lawsuits , according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA). And some of you will say I want nothing to do with that.

Loan Officers 480

Loan Officers Real Estate Agent Real Estate Agents 480

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. It’s not so much that it’s more of a buyers market, but it’s less of a seller’s market,” Sam Wax, partner and loan originator at My Easy Mortgage , said.

Loan Officers 364

Loan Officers Inventory Real Estate Agent Buyers 364

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We

Real Estate 410

Real Estate Realtors Buyers Real Estate Agent 410

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. It wasn’t so long ago that experts said the internet would drastically bring down agent commissions. I briefly considered a “listing only” agent , but chickened out.

Agents 388

Agents Real Estate Agent Brokerage Real Estate 388

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 391

Housing Market Buyers Agents Marketing 391

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 317

Inventory Marketing Business Buyers 317

Housing Wire

AUGUST 10, 2020

Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. Homes on the market sold four days faster year over year, as total inventory is down 35%. Now, agents are showing and selling nonstop.

Agents 544

Agents Business Inventory Real Estate Agent 544

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. million and 1.92

Buyers 425

Buyers Inventory Real Estate Agent Agents 425

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Some agents reported not having made any changes to their business due to the lawsuits, while others have. Always will too,” one wrote.

Agents 332

Agents Realtors Clients Real Estate Agent 332

Housing Wire

MAY 8, 2024

As the August implementation deadline for the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the window of time is shrinking for the U.S.

Buyers 414

Buyers Sellers Government Agents 414

Housing Wire

MAY 8, 2024

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. He expects that consumers will continue to use agents to aid in their real estate transactions and that they will continue to be willing to pay for value, so the role of the quality real estate agent will not be displaced.

Agents 335

Agents Brokerage Real Estate Clients 335

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. Lautz said she is not surprised by the record -ow number of first-time buyers, attributing the reasons to housing affordability, high home prices, rising interest rates and lack of home inventory.

Buyers 338

Buyers Sellers Real Estate Agent Real Estate 338

Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

Realtors 71

Realtors Real Estate Agent Sellers Realty 71

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

Inspection 383

Inspection Real Estate Agent Real Estate Insurance 383

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. 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.”

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

Inventory 493

Inventory Housing Market Real Estate Agent Buyers 493

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

Housing Wire

JULY 9, 2021

A Realtor in Colorado Springs made headlines this year when she listed a rundown home for $592,000. Mimi Foster, a real estate agent, told MarketWatch the home was like “walking into a crime scene.”. Low-inventory is partly to blame. In today’s market, sellers are juggling multiple offers at once.

Buyers 441

Buyers Counter Offer Real Estate Agent Real Estate 441

Housing Wire

FEBRUARY 13, 2024

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. As of Feb. According to data from Altos Research, as of Feb.

Construction 353

Construction Supply Chain Inventory Agents 353

Housing Wire

MARCH 25, 2021

real estate agents, who are independent contractors. Benefits are available for all RE/MAX agents starting April 1, a company spokesperson confirmed, except those in Hawaii, where “coverage is forthcoming.”. Real estate agents and LOs: the great collaboration. The latest change?

Brokerage 403

Brokerage Agents Real Estate Agent Real Estate 403

Housing Wire

JANUARY 20, 2021

“There’s still a massive amount of buyers and not enough inventory,” said Tyler White, Senior Vice President of Operations at PropStream, a real estate data provider. Access to property data and an ability to efficiently target prospective sellers can give agents and brokers a competitive edge in this low-inventory environment.

Real Estate 411

Real Estate Inventory Sellers Landlords 411

Raleigh Realty

FEBRUARY 19, 2022

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' and in order to answer that question, you need to understand how Real Estate Agents make money. If you're looking to make 100k in your first year as a Realtor you'll want to first reverse engineer the process.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

MAY 25, 2023

The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. Real estate agents, loan officers and builders can attract customers they have never captured before.

Loan Officers 374

Loan Officers Real Estate Agent Real Estate Finance 374

Housing Wire

FEBRUARY 8, 2024

Real estate farming also includes traditional marketing methods like sending direct mailers, knocking on doors and nailing your locally relevant social media presence. Why should I try real estate farming? If you have a marketing need, it’s got the AI-assisted real estate marketing tool for you.

Real Estate 310

Real Estate Tools Agents Real Estate Agent 310

Housing Wire

DECEMBER 28, 2021

By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic.

Real Estate 440

Real Estate Realty Brokerage Realtors 440

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . About 70% of Prosperity’s production comes from affiliate realtors.

Mortgage 347

Mortgage Real Estate Real Estate Agent Realtors 347

Eppraisal

AUGUST 25, 2023

In the ever-fluctuating world of real estate, buyers often face a multitude of challenges. However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. Sellers might be more motivated to negotiate, and there could be less competition among buyers.

Inventory 69

Inventory Real Estate Buyers Renovations 69

Housing Wire

OCTOBER 21, 2020

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents. HousingWire caught up with real estate agents across the U.S.

Housing Market 545

Housing Market Marketing Real Estate Agent Real Estate 545

Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. For non-appraisers, the greatest challenge was lack of inventory , with 66% of respondents selecting this response.

Appraisal 364

Appraisal Real Estate Agent Valuation Training 364

Cleveland Appraisal Blog

JANUARY 5, 2023

I’ve noticed recently that when I call real estate agents to confirm information about properties I am using in my appraisal, almost every agent answers their phone and if they don’t, even if I don’t leave a message, they call me back. Something else to watch is housing inventory.

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Why It’s Hard to Meet Housing Inventory Needs Right Now.

Inventory 68

Inventory Construction Real Estate Renovations 68