Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. ” How real estate agents can alleviate consumer pain points in a tight market. Asking prices also reached an average of $361,875, another record high.

Buyers 414

Buyers Real Estate Agent Real Estate Inventory 414

Housing Wire

JULY 26, 2021

And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. The cooperative MLS system exposes home listings to the largest number of potential buyers with an offer of compensation to any successful buyers’ agent. experience.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

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. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap.

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Sellers 414

Sellers Buyers Real Estate Agents 414

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. The agents who spoke with RealTrends all viewed any time spent developing leads and cultivating relationships that will help them grow their client base as productive. Just how we do contracts now is so much faster. Brokerages Invest in Tech.

Real Estate Agent 411

Real Estate Agent Real Estate Agents Brokerage 411

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Although 2020-21 is not the same as the run-up before the housing crash, there are some similarities with what appraiser’s face that bears addressing and reiterating. We are seeing that as a profession again. We analyze and report.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

DECEMBER 29, 2021

Each year RealTrends releases its list of the highest performing real estate agents in the country, and, like clockwork, Ben Caballero of Dallas-based HomesUSA tops the list. In 2020, Cabellero reported 6,409 transaction sides — or 18 home sales a day — for a deal volume of $2.2 And are these numbers for real?

Realtors 368

Realtors Real Estate Agent Agents Real Estate 368

Housing Wire

JANUARY 8, 2021

2020 proved that we all need to work to find new ways to generate business. The country was paralyzed amid the current health crisis and many borrowers and sellers alike are frightened to enter purchase contracts and move forward with transactions already in progress.

Lending 441

Lending Mortgage Inventory Business 441

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The change resulted in Better’s exit from its real estate business.

Realtors 370

Realtors Technology Insurance Mortgage 370

Eppraisal

APRIL 20, 2021

According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. According to an article on Realtor.com, there were 52% less homes on the market in March of 2021 than in March of 2020. Most real estate agents and attorneys aren't recommending this to their clients.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% You set your appointments the night before, and when you get there that morning, they might already be under contract.” How 2020 is still shaping the way lenders use data. year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

DECEMBER 20, 2022

This falls well below the landmark $1 billion he reached in 2020 and 2021. He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. We track that. We show our appreciation.

Business 74

Business Retail Realtors Loan Officers 74

Houston Properties

JANUARY 13, 2021

What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. 2020 was the best year in American history for personal income. The personal savings rate averaged 7% from about 1995 – 2020. So, what did they do?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I When rates and prices were lower, people were more willing to compromise,” Newcomb said. That represents a decrease of 44%.

Inventory 419

Inventory Buyers Agents Real Estate 419

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. Include graphs and charts in your appraisal to show your clients what is happening now and why they need human appraisers. . USPAP and the Contract.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JUNE 10, 2022

Recall the five forces of friction: practices, standards, education, regulation, and client expectation. Not much work probably compared with 2020-2022. Communicating with non-lender clients: Very, very different than lenders. How to get referrals from real estate agents. This is the past. percent from 5.33

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Its in-house servicing is helping extend the client life cycle, something that bigger players have used to great effect with refis. But servicing performance has been exceptional.

Retail 367

Retail Real Estate Agent Business Mortgage 367

Lamacchia Realty

FEBRUARY 14, 2024

From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions. At Lamacchia Realty, our REALTORS® do this every day!

Sellers 64

Sellers Realtors Buyers Inventory 64

Housing Wire

DECEMBER 23, 2021

Real estate agents in New York City — and across the country — are cheering for Florance. The information they gathered from taking pictures of buildings and developing relationships with commercial real estate agents led to a role in facilitating transactions, Florance said. and then across the country.

Brokerage 384

Brokerage Agents Real Estate Real Estate Agent 384

Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

Real Estate 404

Real Estate Insurance Law Real Estate Agent 404

Housing Wire

MAY 10, 2023

In May 2020, it was $425,000. This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. You land the client and get a commission, or you don’t and you get bupkis. You land the client and get a commission, or you don’t and you get bupkis. “I

Loan Officers 378

Loan Officers Marketing Inventory Real Estate Agent 378

McKissock

MARCH 15, 2022

Clients continue to require more market analysis be included in appraisals. For example, at the beginning of the COVID-19 pandemic during April and May, 2020, ShowingTime Showing Index® reported that the number of withdrawn (delisted) homes increased over 25% from the prior year, 2019.

Real Estate 88

Real Estate Finance Sellers Real Estate Agent 88

Lamacchia Realty

APRIL 6, 2022

Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. Her desire to help her clients earned Shauna the title of Rising Star in the September 2021 issue of the South Shore Real Producers Magazine !

Realtors 69

Realtors Realty Real Estate Agents 69

Appraisal Today

AUGUST 13, 2023

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. To read more, click here My comments: I remember the easy days before 2020, with enough sales, listings and pendings to figure out the market. The average contract interest rate for 5/1 ARMs increased to 6.36

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Houston Properties

JANUARY 12, 2022

"A good and experienced Realtor should protect their clients from making bad mistakes, specially when putting emotions over data. However, 71% of agents in Houston have sold less than 5 homes their entire career." About 71% of agents in Houston have sold less than 5 homes their entire career. Sale #3: 2020.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in Dallas typically charge 6% commissions, this is 6% of the final sales price of the home. For example, if you listed with a traditional agent and your home sold for a gross price of $600,000, you would pay $36,000 in real estate commissions. 7/day – Pay as you go 0.5%

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in San Antonio typically charge 6% commissions, this is 6% of the final sales price of the home. For example, if you listed with a traditional agent and your home sold for a gross price of $300,000, you would pay $18,000 in real estate commissions. 7/day – Pay as you go 0.5%

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in Houston typically charge 6% commissions, this is 6% of the final sales price of the home. For example, if you listed with a traditional agent and your home sold for a gross price of $550,000, you would pay $33,000 in real estate commissions. 7/day – Pay as you go 0.5%

Realtors 36

Realtors Real Estate Advertising Agents 36

Listing Spark

NOVEMBER 24, 2021

Traditional real estate brokerages in Austin typically charge 6% commissions, this is 6% of the final sales price of the home. For example, if you listed with a traditional agent and your home sold for a gross price of $500,000, you would pay $30,000 in real estate commissions. 7/day – Pay as you go 0.5%

Realtors 36

Realtors Real Estate Advertising Agents 36

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. But far higher expenses than pre-2020 norms will remain. Many referrals come from real estate agents. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.81

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Appraisal Today

NOVEMBER 20, 2022

Many thanks to Ryan Lundquist’s 2020 blog post for the very appropriate image above! My comments: Written for real estate agents but relevant for appraisers as we report on the market. The primary purpose of an appraisal blog is to market to real estate agents, your best referral source for non-lender appraisals.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

The Robert Weiler Company

SEPTEMBER 7, 2022

Let’s dive into what real estate agents can expect from the Buckeye State as we continue in 2022. Commercial real estate has also seen an explosion in transactions since 2021 as Covid-19 fuels best-ever commercial real estate sales. Offer a Land Contract: What is a land contract?

Marketing 78

Marketing Real Estate Investing Retail 78

Appraisal Today

SEPTEMBER 1, 2023

.” In sum, Bloomberg’s researchers found that Wells Fargo approved Blacks and Hispanics for refinances at much lower rates than Whites – for example, the research showed that in 2020 the bank approved 72% of applications from White applicants but only 47% from Black applicants and 53% for Hispanic applicants. percent from 7.27

Appraisal 79

Appraisal Contracts Mortgage Real Estate 79

Quicken Loans

AUGUST 3, 2021

However, you deal with enough purchase contracts in home negotiations to know that language matters. This is where a good real estate agent can counsel patience for a frustrated buyer or gently nudge a seller to reality. higher than February 2020 prior to the pandemic. below where they were in June 2020.

Real Estate 53

Real Estate Marketing Real Estate Agent Clients 53

Quicken Loans

JULY 8, 2021

above where prices were in May 2020. You’ll want to be patient with your clients. This is a great sign for June and July existing home sales numbers because it represents the number of homes under contract for sale, most of which will become closings in the future. If your clients are ready, encourage them to take advantage.

Real Estate 57

Real Estate Marketing Construction Retail 57

Quicken Loans

JUNE 10, 2021

Because April 2020 was in the teeth of the pandemic shutdowns, it’s more fair to look at April 2019. Preach patience and an upbeat attitude for your clients. The number of homes under contract for sale in April was down 4.4% If your clients are ready, we’ve had the benefit of extremely low rates recently. Mortgage Rates.

Real Estate 38

Real Estate Marketing Construction Clients 38