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

Housing Wire

“In a still-competitive housing market, more well-off home buyers were able to have their bids accepted by offering larger down payments and even by paying cash.” It was the highest share of all-cash transactions recorded since 2014. The share of first-time buyers rose to 32%, up from last year’s low of 26%.

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Cash buyers are scooping up homes like mad

Housing Wire

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. That represents the largest share since 2014, when 30.6% That represents the largest share since 2014, when 30.6% As of July 14, nearly one-third of U.S.

Buyers 545
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Washington-based indy firm joins RE/MAX

Housing Wire

Larson started her career in real estate as an agent at a large national franchise in 2014. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

Brokerage 397
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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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Knock reverses course on loan officer pay cut

Housing Wire

On Tuesday, according to multiple sources within the New York-headquartered mortgage lender and “power buyer,” a weekly video meeting of Knock loan officers took a turn when Robert Foos, Knock’s director of sales, told loan officers that they would receive a 33% reduction in salaries effective Jan.

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Hispanic homeownership held back by FHA borrower discrimination, survey says

Housing Wire

The rate of Hispanic homeownership has been inching up each year since 2014, according to U.S. One real estate agent interviewed by the NAHREP surveyors said the biggest challenge in 2021 was discrimination against FHA borrowers. “A Census Bureau statistics. last year, respectively.

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Opendoor, Atlanta, and the future of iBuying

Housing Wire

After a review of Atlanta area property records, it would appear Kim Klir is the most successful real estate agent in world history. Of those sales, Klir was the listing agent for 1,213 of the 1,613 deals, according to FMLS data. But Klir was mostly invisible to buyersagents.