Housing Wire

AUGUST 11, 2021

Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass. But Rocket’s announcement provides a couple of specific ways it wants to cut into the real estate market and challenge traditional agents. of the sales price. Presented by: Rocket Pro TPO.

Real Estate 421

Real Estate Brokerage Real Estate Agent Agents 421

Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. Lutz, a resident of Colorado, purchased a home in Key Colony, Florida, in 2021 with the help of a buyer’s agent employed by a HomeServices of America franchise.

Sellers 421

Sellers Realtors Real Estate Agent Real Estate 421

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. ” Real estate agents and LOs: the great collaboration. million new households entering the housing market in 2021.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

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. Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.” 5, 2020, and the present.

Realty 466

Realty Realtors Real Estate Real Estate Agent 466

Housing Wire

JANUARY 11, 2024

District Court in New York by Robert Friedman, a resident of Brooklyn who sold a property in Park Slope in May 2021 with the help of a Douglas Elliman agent. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves. The suit was filed in late December in U.S.

Real Estate 414

Real Estate Sellers Real Estate Agent Agents 414

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. What’s especially interesting is that unlike average or low-performing agents, top-performing agents simply don’t lower their commission rates very often.

Agents 408

Agents Real Estate Agent Brokerage Real Estate 408

Housing Wire

MARCH 18, 2022

The success of iBuyers is the failure of real estate agents. After all, iBuying companies Opendoor , Redfin and formerly Zillow are predicated on home sellers eschewing a listing agent and selling their home to the company. million in net income for 2021. Offerpad CEO Brian Bair.

Agents 402

Agents Real Estate Agent Real Estate Sellers 402

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. 4, 2019 and the present.

Realty 431

Realty Realtors Brokerage Real Estate 431

Housing Wire

AUGUST 21, 2023

In REX’s Lanham Act portion of its lawsuit, the firm alleges that Zillow “falsely labeled REX listings as ‘Other Listings’ rather than ‘Agent Listings’ when REX’s listings were in fact offered by licensed real estate agents,” according to earlier court documents. “It REX ceased its brokerage operations in mid-May of 2022.

Advertising 363

Advertising Real Estate Agent Real Estate Agents 363

Housing Wire

SEPTEMBER 23, 2020

On Wednesday, Zillow announced that its Zillow Offers customers will be offered “a more simple, integrated transaction experience through added services, managed in house,” starting in January 2021 with Zillow Homes. The Zillow Homes solution will expand into more markets throughout 2021.

Real Estate 384

Real Estate Real Estate Agent Brokerage Sellers 384

Housing Wire

JULY 28, 2021

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. There are those on record claiming that brokerages would no longer exist – which can’t be further from the truth.

Brokerage 545

Brokerage Real Estate Agents Clients 545

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

Property Management 395

Property Management Real Estate Agents Brokerage 395

Housing Wire

MAY 11, 2021

From lead to close to commission, we’re helping agents and brokers get a leading edge in a competitive marketplace and elevate the real estate experience they provide to buyers and sellers today.”. Homespotter, a software product suite for real estate agents and brokers, can integrate with over 300 MLSs.

Real Estate Agent 382

Real Estate Agent Real Estate Technology Brokerage 382

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. of offers written by Redfin agents facing competition in August. In August, 58.8% metros listed in the report, with 86.7%

Buyers 441

Buyers Inventory Real Estate Agent Agents 441

Housing Wire

FEBRUARY 28, 2021

Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates. Real estate brokers need to be able to target these clients effectively, so they can close deals quickly. Many real estate professionals discount the seller lead. Ashley Terrell, EVP, Partnerships.

Real Estate 420

Real Estate Brokerage Valuation Clients 420

Housing Wire

APRIL 1, 2024

The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. Since Unlock and Saluda Grade completed the first securitization to include home equity agreements in August 2021, at least eight additional HEI-type securitizations totaling $1.89

Finance 416

Finance Investing Real Estate Agent Real Estate 416

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. in April 2021, to $4.51 It is likely to trigger more layoffs across the real estate and mortgage industries.

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

Housing Wire

MARCH 1, 2022

Refinance volume is projected to fall by 63% in 2022 and overall origination volume is projected to be down 35% after 2020 and 2021 had recording-setting origination volume. This isn’t a new story in mortgage lending or real estate brokerage. Real estate is a $206 billion industry, according to IBISWorld.

Real Estate 356

Real Estate Brokerage Real Estate Agent Technology 356

Housing Wire

DECEMBER 28, 2021

By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. Moreover, 2021 was a historic year for home prices. Boise is in a full-fledged housing crash!”

Real Estate 450

Real Estate Realty Brokerage Realtors 450

Housing Wire

FEBRUARY 14, 2022

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. million members are independent contractors.

Business 369

Business Brokerage Real Estate Agent Agents 369

Housing Wire

NOVEMBER 7, 2023

That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Additionally, Compass posted a 98% principal agent retention rate for the quarter —the second-highest retention rate since the company went public in April 2021.

Agents 374

Agents Real Estate Agent Realtors Brokerage 374

Housing Wire

JANUARY 21, 2022

When the restaurant Tom Hunt worked at as a server temporarily shut down during the spring of 2020 due to the COVID-19 pandemic, he decided it was the right time to pursue his longtime desire of becoming a real estate agent. million, according to the NAR’s 2021 member profile report. million members.

Agents 382

Agents Real Estate Agent Real Estate Clients 382

Housing Wire

DECEMBER 1, 2021

Clever’s platform connects consumers with over 12,000 vetted real estate agents. The company negotiates discounted rates, making it easier to compare and interview agents. All agents must have an active real estate license and have at minimum five years of experience.

Mortgage 403

Mortgage Real Estate Real Estate Agent Agents 403

Housing Wire

NOVEMBER 16, 2021

Change is inevitable, and there is arguably no industry more prone to change than American real estate. From rapid technological advancements employed by real estate agents to innovations surrounding ways consumers can view housing information, the market has continued to adapt and evolve to better serve American consumers.

Real Estate Agent 358

Real Estate Agent Agents Sellers Real Estate 358

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. The day started with video depositions of four real estate brokerage executives. million real estate licensees in the U.S.,

Law 428

Law Agents Realtors Contracts 428

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 431

Clients Agents Buyers Sellers 431

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. real estate agent is in peril. billion in 2021 sales volume, a 71% leap from 2020.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

JANUARY 17, 2023

“These are things we wanted to do in 2020 and 2021, but with the influx in volume, we had to focus on what’s in front of you, which is closing transactions.”. billion production volume in 2021. We had a really good first quarter last year which is a little bit of a carryover (from 2021),” Messer said. “We

Mortgage 383

Mortgage Real Estate Real Estate Agent Realtors 383

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 317

Real Estate Brokerage Buyers Property Management 317

Housing Wire

MAY 11, 2021

Opendoor wants to give residential real estate brokerages a run for their money , but its first quarter earnings suggest the company is not quite there yet. The Q1 2021 loss approached Opendoor’s $280 million net income loss for all of 2020. “We Wheeler described Opendoor as, “Having an exceptional first quarter.”.

Real Estate Agent 350

Real Estate Agent Real Estate Brokerage Inventory 350

Housing Wire

OCTOBER 18, 2021

But on Monday the home listings giant called a timeout on purchasing homes through the end of 2021. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Can independent real estate brokerages outperform iBuyers? Overall, Zillow reported $9.6

Renovations 384

Renovations Real Estate Construction Contracts 384

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 For brokerages – and agents themselves – transaction sides and sales volume are easy ways to measure productivity.

Real Estate Agent 408

Real Estate Agent Real Estate Agents Brokerage 408

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. Real estate agents and LOs: the great collaboration. And they sell faster, too.

Sellers 410

Sellers Buyers Real Estate Agent Real Estate 410

Housing Wire

SEPTEMBER 23, 2022

For one: We’re going to see agents drop out of the industry. From 2020 to 2021, NAR membership increased by a massive 156,000 Realtors. That’s a lot of agents making peanuts during an intensely hot market — and as the market softens and it gets harder to transact, I anticipate many of those agents will give up altogether.

Real Estate Agent 364

Real Estate Agent Agents Real Estate Realtors 364

Housing Wire

APRIL 29, 2022

The deal probably ends a lawsuit that the National Fair Housing Alliance and like-minded groups filed 18 months ago accusing the brokerage and popular real estate listings website of offering services in predominantly white neighborhoods at a “substantially greater rate than it does in communities of color.”

Real Estate 381

Real Estate Agents Brokerage Advertising 381

Housing Wire

JANUARY 27, 2021

Many economists are predicting low mortgage rates for an extended period of time which will keep the red-hot seller’s market intact indefinitely. With that in mind, home sellers are racing to the market and searching for ways to pay lower commissions to list their properties that they are confident will sell quickly. .

Real Estate 332

Real Estate Agents Brokerage Sellers 332

Housing Wire

DECEMBER 11, 2023

When affordability meets fair housing Recently, during a coaching session with an agent, that agent shared how a recent seller, Bob, sold his home of 20 years and made so much money on the sale that he was able to purchase a retirement home in Savannah, Georgia, and have plenty of money left over for a nice retirement nest egg. .

Real Estate Agent 442

Real Estate Agent Real Estate Agents Lending 442