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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. The post Buyers viewed just eight homes before making their purchase appeared first on HousingWire.

Buyers 421
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New homebuyer commission lawsuit takes aim at HomeServices

Housing Wire

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. Lutz’s attorneys wrote that this has “led to higher home prices paid by buyers.” On Monday, homebuyer James Lutz filed a class-action antitrust lawsuit in a U.S.

Sellers 441
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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

Clients 432
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Bidding wars – the scourge of buyers – slowed in August

Housing Wire

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. But buyers shouldn’t get too excited. million homes, according to the National Association of Realtors. In August, 58.8%

Buyers 441
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Redfin, NAR targeted in latest commission lawsuit

Housing Wire

The National Association of Realtors is facing yet another copycat commission lawsuit. At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. Filed on Tuesday in U.S.

Realtors 431
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Commission lawsuit is filed in Arizona. But NAR isn’t the target

Housing Wire

Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.” commission ($10,250) to the buyer broker.” 2023, the Masiello suit is seeking class action status for all persons who used any brokerage defendant to list and sell a home on an Arizona MLS and paid a buyer broker commission between Jan.

Realty 466
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Pending home sales shock 2021 housing crash bears

Housing Wire

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 530