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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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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. In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. Marc King will continue to serve as President of Keller Williams. He left the company in 2016.

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MC Mortgage Group joins UMortgage platform

Housing Wire

Patrick Stoy , president of MC Mortgage Group, established the brokerage in 2005 and brings with him 24 years of experience in the housing industry. MC Mortgage Group, a mortgage brokerage based in Wilmington, North Carolina, serves homebuyers across North and South Carolina.

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

Housing Wire

The writer in the Economist says, “…either the fat fee [real estate commission] inflates the house price, or the buyer ends up paying a similar fee when he or she sells.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.”

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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! Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area.

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Pending home sales reach highest May mark in 16 years

Housing Wire

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. “Buyers are still lining up a feverish pace,” Yun said.