Housing Wire

APRIL 24, 2024

1 brokerage by listing count from 2019 through 2023. Despite its continued lead, the properties listed by the firm on Multiple Listing Services (MLSs) in the county fell from 4,360 in 2019 to 2,390 in 2023, a 45% drop as homebuying slowed significantly in Dallas and nationwide. In the past five years, eXp Realty has done just that.

Brokerage 399

Brokerage Realty Marketing Real Estate 399

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. However, buyers are contending with rising interest rates , high home prices and constrained inventory. Last year, the average down payment for first-time buyers was 6%.

Finance 370

Finance Buyers Insurance Housing Market 370

Housing Wire

MAY 28, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. Redfin also studied housing numbers from the same period in 2019, before the onset of the COVID-19 pandemic in the U.S. But that’s not slowing down buyers. from a year ago.

Buyers 417

Buyers Real Estate Agent Real Estate Inventory 417

Housing Wire

APRIL 8, 2021

last month, a positive indicator after pandemic-driven factors plunged the index from record highs previously seen in late 2019. One possible solution being tossed around is President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time buyers. The group’s Mortgage Credit Availability Index rose.6%

Buyers 512

Buyers Mortgage Housing Market Government 512

Housing Wire

APRIL 13, 2021

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Austin has ranked as the No.

Housing Market 533

Housing Market Buyers Marketing Real Estate Agent 533

Eyes on Housing

JULY 30, 2021

This share of active buyers has increased for six straight quarters, a trend that began after the final quarter of 2019 when it stood at 43%. Of the 17% of American adults considering a future home purchase in the second quarter of 2021, 61% have moved beyond planning and are already actively trying to find one to buy.

Buyers 188

Buyers 188

Housing Wire

MARCH 29, 2024

In its proposed brief, CMLS writes that in its statement of interest, the DOJ is looking for “an injunction that prohibits offers of buyer broker compensation by MLS PIN participants.” Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area.

Sellers 427

Sellers Real Estate Buyers Contracts 427

Housing Wire

NOVEMBER 22, 2023

Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. They did, just in time for a slew of interest rate hikes to depress buyers’ appetites. 2019 level. If the nation’s largest homebuilder, D.R.

Inventory 461

Inventory Home Value Housing Market Buyers 461

Housing Wire

FEBRUARY 13, 2024

As a point of comparison, in the benchmark year of 2019, 31,000 new homes were purchased in the top 50 master planned communities. With multiple builders offering an array of home types and floor plans, buyers can find homes that fit their life stage.

Buyers 454

Buyers Design Construction Marketing 454

Appraisal Buzz

APRIL 13, 2022

a year earlier, and up significantly from 26% in 2019. The share of homebuyers looking to relocate to other parts of the country picked up in mid-2020 … The post Large Share of Buyers Migrating from Seattle to Phoenix appeared first on DSNews. According to a new report from Redfin, a record 32.3%

Buyers 150

Buyers Appraisal 150

Housing Wire

APRIL 15, 2024

These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers. New Orleans, Austin and San Antonio are the three markets where buyers have more choices than before the pandemic, while Tampa, Orlando and Jacksonville are down only 9%, tied for the second-smallest drop.

Housing Market 436

Housing Market Inventory Buyers New Listings 436

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.” While inventory is less depleted, it remains well below the pre-pandemic level of January 2019.

Inventory 427

Inventory Sellers Buyers Realtors 427

Housing Wire

APRIL 22, 2024

He said his company is focused on buyer-side agents, whose activity is expected by some to be impacted by the National Association of Realtors’ (NAR) $418 million nationwide settlement of the commission lawsuits. The change would go into effect in mid-July 2024 if the settlement is approved by a judge.

Brokerage 402

Brokerage Real Estate Realtors Real Estate Agent 402

Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78

Brokerage 545

Brokerage Realtors Sellers Buyers 545

Housing Wire

MARCH 14, 2024

They noted that in the Houston metro area, between 1997 and 2019, 2.58 of them including an offer to pay 3% of the sales price to the buyer’s agent. Because of this, the authors believe buyer agents are then able to “command commission above cost.” buyer’s agent compensation structure deviates from its cost basis in two ways.

Agents 425

Agents Legal Real Estate Agent Buyers 425

Housing Wire

NOVEMBER 25, 2020

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. 75% out-of-state buyers); Calhoun County, Ala. (60%);

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

MARCH 28, 2024

The change enabled greater flexibility and choice for sellers when listing a property and gave buyers and buyers’ brokers a vehicle for negotiating for compensation when making an offer to purchase,“ NWMLS wrote in the filing. NWMLS counters that these rule changes increased transparency and removed the potential for steering.

Sellers 418

Sellers Contracts Buyers Realtors 418

Housing Wire

MAY 24, 2021

. “With little supply in the market, homes typically sold within 17 days — down from 27 days one year ago, as buyer competition heats up,” NAR said in a statement. “The share of first-time buyers decreased to 31% from 32% in the prior month, and 36% one year ago. 25% of all sales were cash sales, per the report.

Realtors 475

Realtors Buyers Housing Market New Listings 475

Housing Wire

FEBRUARY 28, 2024

“Defendant’s illegal collusion has the inevitable effect of forcing home sellers like Plaintiff to bear a cost—buyer’s side commissions—that in a competitive marketplace lacking Defendants’ collusion would be borne by the buyer, if at all,” the complaint reads. 2021 to a buyer represented by a Redfin agent. 2, 2019, and Oct.

Realtors 426

Realtors Legal Agents Brokerage 426

Housing Wire

NOVEMBER 10, 2023

. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states. “These rules effectively take the compensation structure out of the view of the buyers and sellers, masking who pays the buyer broker’s compensation.

Sellers 427

Sellers Realtors Buyers Agents 427

Housing Wire

MARCH 7, 2024

This differs from 2019 data , prior to the COVID-19 pandemic, which found that the first two weeks of May were the best time to list a home. First-time home buyers who are on the edge of qualifying for a home loan may dip in and out of the market, depending on what’s happening with rates.

Sellers 417

Sellers Buyers Real Estate Inventory 417

Housing Wire

MARCH 12, 2024

Over the past five years, buyers from Texas, Colorado and Florida have flocked to Sandpoint to acquire property, according to a company news release. Reizen, his wife Julie, and their four children moved to Sandpoint in 2019 and started selling homes with local brokerage Realm Partners.

Real Estate 417

Real Estate Brokerage Agents Technology 417

Housing Wire

NOVEMBER 27, 2023

Central to the complaint is NAR’s Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. “By The plaintiffs also take issue with the buyer’s alleged inability to negotiate their agent’s commission. 22, 2019, and the present.

Real Estate 446

Real Estate Real Estate Agent Sellers Realty 446

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

OCTOBER 15, 2020

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. Seeking new inventory sources. We have a plan for every parcel.”.

Buyers 336

Buyers Development Renovations Retail 336

Housing Wire

JANUARY 11, 2024

“Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In 29, 2019, to the present.

Real Estate 427

Real Estate Sellers Real Estate Agent Agents 427

Housing Wire

DECEMBER 29, 2023

The assertion that funds are secure and can be accepted is contradicted by the practical reality that, once within their system, accessing said funds becomes an insurmountable challenge,” a buyer said. It paid nearly $500,000 in a settlement to the SEC in 2019.

Insurance 467

Insurance Valuation Technology Buyers 467

Housing Wire

MARCH 5, 2024

Rather, their priorities are buyer education and the nurturing and building of more referral relationships to expand their market share, loan originators who spoke to HousingWire said. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. Market their listings; go to their listings.

Loan Officers 417

Loan Officers Mortgage Buyers Inventory 417

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 407

Real Estate Realtors Realty Buyers 407

Housing Wire

NOVEMBER 10, 2023

The 105-page complaint takes aim at a REBNY Listing Service rule called the Buyer Broker Commission Rule, which states that the brokers “shall each be paid an equal share of the commission as specified in the Exclusive Listing.” 8, 2019, and the present. Sloane Square , and Sotheby’s International Realty Affiliates.

Real Estate 469

Real Estate Brokerage Sellers Law 469

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. 8, 2019, and the present. The National Association of REALTORS will respond to this complaint in court.”

Realtors 446

Realtors Sellers Buyers Real Estate 446

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Business 445

Business Finance Buyers Lending 445

Housing Wire

NOVEMBER 8, 2023

According to the plaintiffs’ initial complaint filing, the “cornerstone of the conspiracy” is NAR’s Clear Cooperation rule, which requires all home sellers to make a blanket, unilateral offer of buyer broker compensation when listing a property on the MLS. Its agents also offer buyer broker compensation.

Real Estate 427

Real Estate Sellers Realtors Real Estate Agent 427

Housing Wire

JANUARY 2, 2024

Umpa sold his Ohio home with Redfin and his Maryland home with Compass , and the suit states that he “paid a substantial buyer-broker compensation,” in both transactions. Because this blanket offer must be made available to every buyer-broker using the MLS (i.e., 27, 2019, and the present.

Sellers 417

Sellers Brokerage Real Estate Realtors 417

Housing Wire

FEBRUARY 21, 2024

“This collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,” said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal.

Home Improvement 406

Home Improvement Realtors Real Estate Agent Inspection 406

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). Initially filed in April 2019, the lawsuit takes aim at NAR’s Participation Rule.

Brokerage 497

Brokerage Agents Buyers Clients 497

Housing Wire

SEPTEMBER 29, 2023

Less than three weeks out from the trial start date, plaintiffs in the Sitzer/Burnett buyer broker commission class action lawsuit filed a notice to withdraw three named plaintiffs. The two-page filing offered no explanation for the decision. “The

Brokerage 406

Brokerage Realtors Agents Design 406