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

Housing Wire

Buyers offer higher down payments to offset steep borrowing costs Overall, the typical down payment was 8% for first-time buyers and 19% for repeat buyers — the highest share since 1997 and 2005, respectively. In 2023, 89% of recent buyers hired an agent to purchase their home, up from 86% in 2022.

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Pl@tform gives @properties | Christie’s International Real Estate agents a well-integrated, stable proptech foundation: Tech Review

Inman

What started in 2005 has become the foundation for what is now a multifaceted business application that can benefit all level of agents who hang a license at an @properties | Christie’s International Real Estate office.

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‘Silver tsunami’ could have a bigger impact on 2024’s housing market: analyst

Housing Wire

And the peak in existing home sales was 2005 when you had around 7 million transactions.” But industry professionals also tend to see H4P as a bit of a hard sell for borrowers and, critically, real estate agent referral partners. “And people over 50 are 74% of total U.S. homeowners.

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Opinion: All the ways the class-action commission lawsuits are misguided

Housing Wire

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Consumers are free to sell or buy a home without an agent — and consumers know this.

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Why is the El Paso housing market so hot right now?

Housing Wire

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Interest rates were so low, at 2.5%

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Intercontinental Capital Group to add 500 jobs in Charlotte

Housing Wire

Find out more about technology and solutions specifically geared to empower the community lender to offer personalized service to borrowers and to the real estate agent partners from loan application to closing. The tech solution giving community lenders an advantage. Presented by: Maxwell.

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Steve Harney, founder of Keeping Current Matters, has died

Housing Wire

He became a top-producing real estate agent in the area and in 1991 became the manager of the largest office for Prudential Long Island Realty , training agents throughout the East Coast markets. He sold the brokerage in 2005. Harney was known for his philanthropy as well as his business acumen.