Housing Wire

MAY 8, 2024

Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand. So you can see why we have so few stressed sellers.

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Inventory Law New Listings Sellers 463

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 317

Real Estate Agent Real Estate Agents Loan Officers 317

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. The lawsuit is seeking class action status for anyone who has used Latter & Blum as listing broker for sale of a home on an MLS in Louisiana and paid a buyer broker commission between March 5, 2020, and the present. In a lawsuit filed on Tuesday in U.S.

Brokerage 399

Brokerage Sellers Realtors Agents 399

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. 16, 2020, and the present. The copycat commission lawsuit was filed on Friday in U.S.

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Real Estate Realtors Realty Brokerage 427

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. 17, 2020, and the present.

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Realtors Brokerage Realty Real Estate 522

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.

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Sellers Buyers Real Estate Contracts 432

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. When inventory bounces back The extremes of the 2020s have dealt big blows to for-sale inventories. New data from the U.S.

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Inventory Sellers Mortgage Marketing 422

Housing Wire

OCTOBER 30, 2020

“Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states. Homes that were for sale in Baltimore and Baltimore County on June 11, 2020.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

MARCH 28, 2024

The MLS added that in the DOJ’s argument about steering, it did not acknowledge that the rule changes also made information about sellers’ offers of compensation available to other consumers. DOJ’s apparent change of heart in its [statement of interest] in this case is striking,“ NWMLS wrote in the draft of its brief. “DOJ’s

Sellers 380

Sellers Contracts Buyers Realtors 380

Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. in 2019-2020, 16.9-17.2% No wonder, then, that many sellers decided to pull their listings. 31% in 2023-2024.

Mortgage 427

Mortgage Sellers New Listings Buyers 427

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 65

Sellers Realtors Buyers Inventory 65

Simonson Real Estate

FEBRUARY 26, 2021

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic.

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Landlords Tenants Buyers Development 117

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

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Housing Market Mortgage Marketing Inventory 544

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

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Sellers Buyers Real Estate Agents 421

Inman

MARCH 15, 2023

percent increase from last year and the highest concession rate since June 2020. During the three months ending Feb. percent of homesellers offered to cover repairs, closing costs and mortgage rate buy-downs alongside other concessions. That's a 14.4

Sellers 145

Sellers Marketing Mortgage 145

Housing Wire

JANUARY 16, 2024

“The unlawful restraints implemented and enforced by Defendants’ conspiracy, further the common goals of permitting Defendants herein to impose supra-competitive charges on home sellers and restrain competition by precluding competition from innovative or lower priced alternatives,” the complaint reads. 15, 2020, and the present. .”

Realtors 442

Realtors Real Estate Agent Real Estate Sellers 442

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. 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. The copycat commission lawsuits have made it to the West Coast.

Realtors 448

Realtors Sellers Buyers Real Estate 448

Housing Wire

MARCH 18, 2022

Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. Inventory has been slowly falling since 2014, so if demand picks up in 2020-2024, it can collapse to shallow levels. I thought creating the term forbearance crash bros in the Summer of 2020 would help educate homebuyers.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

NOVEMBER 28, 2023

Based in Madison, Wisconsin, the team of eight had been affiliated with Keller Williams Realty Madison East since its debut in 2020. “We The team specializes in buyer and seller representation as well as new construction. The Husky Homes real estate team, led by Alison Crim, has joined Compass , the company announced on Tuesday.

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Real Estate Agent Real Estate Realty Technology 410

Housing Wire

JANUARY 9, 2024

District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. According to the filing, Masiello was “required to pay a 2% commission ($8,200) to the seller broker and a 2.5% 5, 2020, and the present.

Realty 466

Realty Realtors Real Estate Real Estate Agent 466

Housing Wire

FEBRUARY 12, 2024

On Friday, home seller plaintiff Dalton Jensen filed an antitrust lawsuit in U.S. 9, 2020, and the present, and paid a buyer broker commission. 9, 2020, and the present, and paid a buyer broker commission. Yet another copycat commission lawsuit has hit the court dockets.

Real Estate 437

Real Estate Real Estate Agent Realtors Buyers 437

McKissock

MAY 4, 2021

It’s no secret that 2020 was a crazy year for real estate. Just about every market across the United States saw a huge influx of first-time homebuyers and sellers as a result of record-low mortgage rates and the desire for more space. Discuss your role and help them understand what will be expected of them throughout the process.

Sellers 95

Sellers Marketing Buyers Real Estate 95

Housing Wire

NOVEMBER 9, 2022

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. Right on cue, 2020 came and we hit the 300 level. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 We are up 43% since 2020.

New Listings 493

New Listings Inventory Housing Market Sellers 493

Housing Wire

OCTOBER 13, 2023

Without revealing any confidential details, for example, Compass is using mostly its own equity rather than cash to deliver value to the sellers. The reality is that in all the deals we have worked on since July 2022, EBITDA in absolute terms is not what it was in calendar years 2020 and 2021.

Real Estate 399

Real Estate Brokerage Valuation Sellers 399

Housing Wire

JANUARY 23, 2024

Founded in 2015 as an indirect wholly owned subsidiary of Mr. Cooper Group , Xome is a real estate marketplace that serves mortgage servicers, originators, real estate professionals, financial institutions and homebuyers and sellers. Jansta joins Xome from Altisource , where he served for two years as the chief marketing officer.

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Real Estate Technology Brokerage Valuation 413

Housing Wire

APRIL 17, 2024

This growth trajectory follows a revised upward figure of 1% price growth from January to February, and prices are now 52% higher than pre-pandemic levels of February 2020. Many sellers will remain on strike keeping a lid on supply.

Sellers 405

Sellers Marketing Mortgage Housing Market 405

Housing Wire

MAY 3, 2023

According to RealTrends’ historical data, agent commissions reached a high point in 1991 at an average of 6.10% and fell to a nadir of 4.94% in 2020 before climbing to 5.06% in 2021 and 5.32% in 2022. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

Agents 408

Agents Real Estate Agent Brokerage Real Estate 408

Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. Homer Simpson or Spock?

Housing Market 387

Housing Market Marketing Sellers Inventory 387

Housing Wire

NOVEMBER 8, 2022

MCT aims to utilize Kennelly’s experience in the mortgage industry and capital markets to grow its Bid Auction Manager Marketplace, an open mortgage loan exchange platform launched in 2020. The marketplace allows buyers to bid regardless of their approval status and sellers receive automated live pricing from every buyer on the platform.

Investors 354

Investors Sellers Buyers Technology 354

Housing Wire

NOVEMBER 1, 2021

When COVID-19 happened, some sellers were able to sit back and watch the market. It was just a matter of weeks before the buyers returned and sellers sold their homes, leading home sales to get to pre-cycle highs in 2020 and 2021. In general, homeowner households were financially solid going into the crisis.

Housing Market 545

Housing Market Sellers Inventory Mortgage 545

Housing Wire

APRIL 26, 2021

That’s also 16 days fewer than the same period in 2020. At the highest points in 2019 and 2020, average home sale prices never went above $300,000 and $325,000, respectively. The highest average listing price in 2020 was in October, at $326,625. percentage points year over year to an all-time high of 101.0%.

Sellers 458

Sellers Housing Market Marketing Buyers 458

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Sellers Buyers Home Value Marketing 78

Yolo Solano Appraisal Blog

SEPTEMBER 25, 2020

Sales activity in Davis was low at the start of 2020 before the pandemic hit and continued into the spring with a massive drop in May. Six months after the Covid-19 stay-at-home order hit Yolo County, what’s happened to residential real estate in local markets? As shown below, Davis is way behind in sales compared […].

Marketing 128

Marketing Real Estate Sellers Buyers 128

Housing Wire

NOVEMBER 4, 2022

These factors also impacted when, where and how buyers purchased homes, according to NAR’s 2022 Profile of Home Buyers and Sellers , which also analyzed the demographic of buyers and sellers across America. That’s the same time period recorded in 2019 and 2020 but an increase from eight years in 2021.

Buyers 381

Buyers Sellers Real Estate Agent Real Estate 381

Housing Wire

JANUARY 29, 2021

To put it simply, the last half of 2020 was a seller’s market. Why is this a good thing for sellers, you ask? This means, home prices will rise and sellers will walk away with a good chunk of change. . Last year, buyer demand increased due to record low mortgage rates. But will 2021 be the same?

Property Taxes 458

Property Taxes Sellers Mortgage Buyers 458

Housing Wire

MARCH 13, 2024

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. Realtor.com pioneered climate risk data in 2020 as one of the first portals to include flood risk assessments on property listing pages.

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Tools Insurance Home Value Technology 433

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. Sellers remain in control, but the next month or two will be very telling,” Stacey Delgado, a Redfin agent in Raleigh said.

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Buyers Inventory Real Estate Agent Agents 441