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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 report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

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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.

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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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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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Opinion: Real estate is already changing, despite commission lawsuit’s outcome

Housing Wire

Buyer’s agent commissions won’t necessarily go away Two weeks ago, the Real Estate Board of New York (REBNY) and the Residential Listing Service modified their rules starting Jan. This means a listing agent can now present their listings to the public, offering $0 buyer agent compensation.

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Understanding the Role of the Real Estate Agent

Zillow

While real estate websites and mobile apps can help you identify houses you may be interested in, an experienced agent does much more, including: 1. Before you tour your first home, your agent will take time to learn more about your wants, needs, preferences, budget and motivation.

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Boomers Pass Millennials in Share of Homebuyers

Empire Appraisal Group

yongyuan, E+, Getty Images Source: Boomers Pass Millennials in Share of Homebuyers | Florida Realtors Boomers Pass Millennials in Share of Homebuyers By Kerry Smith NAR study: In 2022, boomers made up 39% of buyers (29% in 2021) while millennials made up only 28% (43% in 2021). Gen X made up 24% of total buyers. The main reason?

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