Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 419

Sellers Buyers Real Estate Contracts 419

Housing Wire

MARCH 18, 2024

While inventory is growing across the country, some markets are way more impacted and already have more homes on the market than in 2019 or 2020 just before the pandemic. New listings volume continues to run ahead of last year and we see more sellers than last year. The median price of all the homes in contract right now is $389,000.

Inventory 370

Inventory New Listings Sellers Contracts 370

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion. “If

Sellers 409

Sellers Buyers Real Estate Agents 409

Housing Wire

OCTOBER 23, 2023

According to Warner, the module that mentions commissions had just 138 views in 2020 and 2021, combined, among HomeServices’ 51,000 agents. Under questioning, Goffstein said that each agent has a contract that includes NAR rule clauses and that the contract also tells agents that NAR membership dues are needed by January.

Law 390

Law Agents Realtors Contracts 390

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. There is no indication that contract activity will wane in the immediate future, particularly in the suburbs, Yun said.

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

Contracts 397

Contracts Landlords Inventory New Listings 397

Housing Wire

JANUARY 29, 2021

However, contract signings rose 21.4% Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston. million in 2020. It’s the fourth consecutive decline, but many housing industry observers see big potential for the year ahead.

Contracts 529

Contracts Real Estate Housing Market Technology 529

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% in October.

Inventory 526

Inventory Contracts Training Investors 526

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. construction workers.

Renovations 378

Renovations Real Estate Construction Contracts 378

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 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.

Sellers 64

Sellers Realtors Buyers Inventory 64

Housing Wire

AUGUST 7, 2023

It’s no secret that sellers are absent in this market. In September, even though new sellers were few, buyers were even fewer, so inventory rose. The dark red line on this chart represents dramatically fewer new sellers each week than in normal years. The market is still running below the pace of new contracts each week in 2022.

Inventory 269

Inventory New Listings Contracts Buyers 269

Housing Wire

MARCH 22, 2024

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings. Literally since Jan.

Insurance 349

Insurance Inventory Marketing Real Estate 349

Housing Wire

DECEMBER 5, 2023

In 2020, the DOJ’s antitrust division agreed to a settlement after investigating the trade groups listing and agent compensation policies. 2020, in which the DOJ agreed to close its investigation into NAR, Judge Florence Y. NAR filed a petition in September 2021 to set aside or modify the DOJ’s probes into the trade group.

Real Estate Agent 320

Real Estate Agent Law Real Estate Agents 320

Housing Wire

MARCH 14, 2024

Newcomb said that interest rates and higher prices, which have risen by more than $100,000 since March 2020, according to data from Altos Research , have caused her clients to be pickier when selecting a home. “I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5%

Inventory 356

Inventory Buyers Agents Real Estate 356

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. Compare all that to the U.S.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

DECEMBER 5, 2022

In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate.

Housing Market 513

Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

SEPTEMBER 20, 2021

Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020. That hypothesis, too, led to a dead end.

Appraisal 435

Appraisal Contracts Valuation Buyers 435

Housing Wire

FEBRUARY 23, 2021

Eighteen of the 19 cities reported higher price increases in the year ending December 2020 versus the year ending November 2020. increase, noting home prices rose in all nine of the report’s regions in December 2020. December 2020’s 10.4% Digging deeper into the numbers, Phoenix saw a 14.4% Presented by: Fannie Mae.

Inventory 420

Inventory Finance Contracts Construction 420

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 272

Inventory Contracts New Listings Buyers 272

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

Housing Wire

JUNE 24, 2021

If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close. The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. The trio closed a $7 million seed round in 2019.

Sellers 298

Sellers Buyers Investors Inspection 298

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. The count of new contracts this week was just over 68,000 single-family homes. Both lines indicate about 70,000 contracts.

Inventory 329

Inventory Contracts Buyers Mortgage 329

Housing Wire

APRIL 13, 2021

A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020 through February 2021. And they sell faster, too. Presented by: Propertybase. ” Redfin also looked at specific markets when studying midweek sales.

Sellers 404

Sellers Buyers Real Estate Agent Real Estate 404

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million in August.”

Inventory 429

Inventory Housing Market New Listings Mortgage 429

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. In May 2020, it was $425,000. But there are still ultra-competitive markets in America where those conditions will simply be offset by rising prices. I mean very little inventory.

Loan Officers 319

Loan Officers Marketing Inventory Real Estate Agent 319

Lamacchia Realty

JULY 6, 2021

EASY FIXES SELLERS CAN MAKE. Selling a home can take some time and while most home sellers are focused on making updates that will give them the most return, it is imperative that the small fixes aren’t overlooked. If the seller hasn’t tackled a small project, such as replacing the cover pates, what other big issues can’t be seen?

Sellers 69

Sellers Open Houses Buyers Realty 69

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? Inventory started low in 2020, and then dropped even lower in March 2020 during the stay-at-home mandates. Take Action to Sell and Action to Buy- Many times “Want-to-Be” sellers and buyers don’t take one step without the other and all that does is hold you back.

Sellers 67

Sellers Realtors Buyers Inventory 67

Housing Wire

MAY 24, 2022

Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. Except now, we have had massive price gains in 2020, 2021 and 2022. million total home sales each year from 2020 to 2024. The average sales price was $570,300. What do we have now?

Housing Market 386

Housing Market Inventory Construction Marketing 386

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. of homes are valued lower than the contract price.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

JUNE 30, 2021

HW Media CEO Clayton Collins spoke with Reggora CEO and co-founder Brian Zitin about how 2020 changed appraisal tech and what appraisal modernization looks like moving forward. ” As of March 31, 1,493 fires have been reported in Utah since the beginning of 2020, resulting in 329,735 acres burned. . million people since 2010.

Real Estate Agent 391

Real Estate Agent Modernization Real Estate Agents 391

Housing Wire

OCTOBER 21, 2021

The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. NAR’s 2020 profile of home buyers and sellers found that the annual share of first-time buyers was 31%. Existing-home sales rose 7.0% from a year ago.

Inventory 395

Inventory Buyers Realtors Contracts 395

Housing Wire

JUNE 7, 2022

in May, inching toward its 10-year and pandemic-low of 63, recorded in April 2020. . While it expects the economy to have a modest recession in the second half of 2023, the agency said the constrained consumer spending power amid elevated inflation and a rapidly rising rate environment carries the risk of a contraction happening sooner.

Mortgage 354

Mortgage Housing Market Contracts Construction 354

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. During that period, we saw new listing data decline. Also, this is what the Federal Reserve wants.

Inventory 532

Inventory Housing Market New Listings Marketing 532

Housing Wire

APRIL 30, 2021

In 2020, approximately 20% of all Americans moved — and Arizona was the seventh most-popular destination of those movers. The proof is in the home prices, which have shot up in Arizona since the beginning of 2020. Listing prices hit an average of $725,000 in September 2020 — the highest in more than two years. Census report.

Housing Market 537

Housing Market Marketing Real Estate Real Estate Agent 537

Housing Wire

OCTOBER 19, 2022

The Mortgage Bankers Association (MBA) forecasts that if the mortgage industry experiences a 65% drop in origination volume between the fourth quarter of 2020 and the first quarter of 2023, production employment will likely need to be scaled back by 24 to 31%. Department of Housing and Urban Development (HUD).

Mortgage 344

Mortgage Contracts Design Government 344

Housing Wire

OCTOBER 24, 2022

The big question is: how long will the market contraction last and when should we expect things to heat back up? The holidays usually see far fewer sellers — most sellers wait until January to list their homes. But there are always some sellers (for a variety of reasons) that list and sell in November or December.

Real Estate 302

Real Estate Marketing Inventory Sellers 302