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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.

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First-time homebuyers fueling hot Des Moines housing market

Housing Wire

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. I haven’t had anybody so far downsize.”.

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Fed advocates for change in the agent commission dispute

Housing Wire

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. housing market. They noted that in the Houston metro area, between 1997 and 2019, 2.58 million houses were listed for sale, with 95.6%

Agents 392
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Redfin: Bidding wars drop slightly in June

Housing Wire

Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.” in May and a peak of 74.1% million and 1.92

Inventory 497
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Bidding wars – the scourge of buyers – slowed in August

Housing Wire

Instead of 25 to 30 offers on turnkey homes, we’re now seeing five to seven,” Nicole Dege, a Redfin real estate agent from Orlando said in a statement. of offers written by Redfin agents facing competition in August. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

Buyers 436
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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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NAR schedules proxy war with Zillow

Housing Wire

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. Real estate agents and LOs: the great collaboration.