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Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

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. The share of first-time buyers rose to 32%, up from last year’s low of 26%. Typical repeat buyers were 58, down from 59 in 2022.

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Opinion: Here’s what people are getting wrong about real estate commissions

Housing Wire

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. by 1% to 2% just by cutting the commission paid to buyer’s agents.” Aggregate data from the housing market would confirm this.

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Mark Willis steps back into CEO role at Keller Williams

Housing Wire

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately. With so much uncertainty surrounding the real estate industry today, it’s never been more important to have a leader who thoroughly knows us and understands business at the highest level,” said Keller.

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Home prices are still rising, but relief for buyers is coming

Housing Wire

But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. in June, according to the National Association of Realtors , which tracks the metric. (An Home prices increased 2.3% ” The 17.2%

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Opteon expands its direct-to-consumer appraisal offerings

Housing Wire

The goal of the expansion is to provide homeowners and buyers, along with real estate, legal, and tax professionals, the option to order an appraisal directly through Opteon’s services, according to a statement from the company. Opteon, founded in 2005, operated in Australia and New Zealand before expanding into the U.S.

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Lamacchia Realty Announces Top Producing REALTORS® for March 2024

Lamacchia Realty

has released its “Top Producing REALTORS®,” for March 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Earlier last year, Shauna was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list.

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Heidi Matusik Receives Quarterly Production Achievement from the Mid-State Association o REALTORS®

Lamacchia Realty

We are excited to announce that Heidi Matusik has received the Quarterly Production Award from the Mid-State Association of REALTORS®! Heidi is the second REALTOR® to qualify for this type of distinction since Lamacchia Realty opened its first Connecticut office in Southington last December.