Housing Wire

FEBRUARY 28, 2024

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 425

Realtors Legal Agents Brokerage 425

Housing Wire

FEBRUARY 21, 2024

In her dismissal ruling on Tuesday, Wood wrote that the plaintiffs’ request for injunctive relief under the Sherman Antitrust Act “essentially mirror the allegations” made in the original 2021 complaint that she dismissed in May 2022 (which was previously known as the Leeder case). ” Wood also cited the $5.36

Brokerage 399

Brokerage Realtors Real Estate Law 399

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS.

Realty 432

Realty Realtors Brokerage Real Estate 432

Housing Wire

NOVEMBER 8, 2023

But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Unlike the Sitzer/Burnett , Moehrl and Gibson lawsuits , the National Association of Realtors (NAR) is missing from the list of defendants, however, the trade group’s presence is heavily felt in the plaintiffs’ complaint.

Real Estate 432

Real Estate Realtors Sellers Agents 432

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 530

Inventory Contracts Training Investors 530

Housing Wire

JANUARY 22, 2024

Friedman’s suit was in regard to the 2021 sale of his Park Slope home, in which he paid a buyer broker commission. 2023, REBNY announced changes to its rules , including a rule preventing listing agents from paying or offering to pay buyers’ agents compensation. It is not required for a seller to compensate a buyer’s agent.

Real Estate Agent 429

Real Estate Agent Real Estate Agents Sellers 429

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. million in 2021, up from 50.5

Buyers 394

Buyers Sellers Real Estate Agent Real Estate 394

Housing Wire

SEPTEMBER 30, 2022

It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. It’s now possible to buy a home for $400,000 that would have sold for $500,000 in 2021.”. Not yet anyway. James Kleimann contributed to this report.

Buyers 458

Buyers Mortgage Loan Officers Retail 458

Appraisal Buzz

SEPTEMBER 20, 2021

Buyers and sellers? Realtors and Property Appraisers? But they’ll eventually deliver lucidity — allowing buyers, sellers, agents, appraisers, and lenders to plan and budget accordingly. The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. And what does this mean for the economy?

Valuation 195

Valuation Property Appraisal Real Estate Sellers 195

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

FEBRUARY 20, 2024

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% While the gains should be celebrated, the pathway into homeownership remains arduous for minority buyers.”

Buyers 445

Buyers Inventory Realtors Mortgage 445

Housing Wire

JANUARY 12, 2024

The Colorado MLS now has partnered with First Multiple Listing Service (FMLS), MLS Listings , Miami Association of Realtors and Heartland MLS , bringing the free flow of listings between REcolorado subscribers and professionals in the Atlanta metro area, Northern California , South Florida and the Kansas City metro area.

Real Estate Agent 439

Real Estate Agent Real Estate Realtors Agents 439

Appraisal Buzz

MARCH 24, 2022

The share of millennial home buyers increased significantly over the past year, according to the latest study from the National Association of Realtors 2022 Home Buyer and Seller Generational Trends report. The post Largest Share of Buyers Purchased Homes in Suburbs, Rural Areas appeared first on Appraisal Buzz.

Buyers 150

Buyers Realtors Sellers Appraisal 150

Housing Wire

MARCH 27, 2024

These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. A seller and agent/brokerage either agrees to the terms and compensation or they don’t.

Real Estate Agent 326

Real Estate Agent Real Estate Agents Sellers 326

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The Pennsylvania copycat commission lawsuit has some new defendants and a new plaintiff.

Brokerage 384

Brokerage Realty Real Estate Real Estate Agent 384

Lamacchia Realty

MAY 7, 2024

has released its “Top Producing REALTORS®,” for April 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Mary Wood is an award-winning REALTOR® based in MetroWest closing 50-60 sales annually.

Realtors 72

Realtors Realty Real Estate Clients 72

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. 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.

Law 431

Law Agents Realtors Contracts 431

Housing Wire

APRIL 9, 2024

In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending. Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price.

Sellers 450

Sellers Realty Insurance Realtors 450

Housing Wire

MARCH 19, 2024

President Joe Biden will be in Las Vegas on Tuesday, where he will offer additional remarks about the policies and priorities of his administration’s push to address housing issues for renters and buyers alike. Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply.

Sellers 376

Sellers Buyers Realtors Investing 376

Housing Wire

JANUARY 9, 2023

Buyer behavior on the Auction.com platform provides one of the best barometers of the retail housing market because the success and livelihood of these buyers depend heavily on them accurately anticipating what the retail market will look like in the next six to 12 months. percent, according to ATTOM Data Solutions.

Retail 486

Retail Sellers Buyers Market Value 486

Housing Wire

MARCH 22, 2023

According to Redfin, the last time down payment percentages were at this level was in early 2021 — prior to the pandemic real estate boom reaching its zenith. Most offers on homes written by Redfin agents in January were not part of bidding wars , which differs significantly from 2021 and early 2022. The pandemic peak of 17.5%

Buyers 409

Buyers Sellers Mortgage Realtors 409

Lamacchia Realty

JANUARY 4, 2022

has released their “Top Producing REALTORS®,” for December 2021! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc. Click here to learn more about Eileen Doherty Paul J.

Realty 73

Realty Realtors Real Estate Clients 73

Housing Wire

OCTOBER 31, 2023

He is a 20-year member of the National Association of Realtors and has served on his local Realtor association’s board of directors, budget committee, grievance committee, professional standards committee and scholarship committee. Conceivably bypassing buyer agents altogether. It’s already happening.

Real Estate 421

Real Estate Realtors Agents Buyers 421

Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

Realtors 71

Realtors Real Estate Agent Sellers Realty 71

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

Lamacchia Realty

NOVEMBER 3, 2021

has released their “Top Producing REALTORS®,” for October 2021! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area.

Realtors 66

Realtors Realty Real Estate Agents 66

Lamacchia Realty

JANUARY 27, 2022

has released their “Top Producing REALTORS®,” for all of 2021! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Lamacchia Realty, Inc. Click here to learn more about Eileen Doherty Paul J.

Realty 69

Realty Realtors Agents Real Estate 69

Lamacchia Realty

FEBRUARY 6, 2024

has released its “Top Producing REALTORS®,” for January 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by the office with the highest transaction numbers or sales for the month! Since then, she has taken off running and has helped her buyers and sellers reach their goals.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 There were 3,541 respondents to the online survey which ran from May 3-10, 2021, of which 1,731 had a client.

Realtors 479

Realtors Buyers Housing Market New Listings 479

Lamacchia Realty

APRIL 8, 2024

has released its “Top Producing REALTORS®,” for March 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Jason is also a member of Lamacchia’s 2021 , 2022 , and 2023 President’s Club.

Realtors 71

Realtors Realty Real Estate Agents 71

Housing Wire

NOVEMBER 7, 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. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. So we have evidence in a major U.S.

Agents 400

Agents Real Estate Agent Realtors Brokerage 400

Lamacchia Realty

DECEMBER 7, 2021

has released their “Top Producing REALTORS®,” for November 2021! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc. To learn more about Amy, click here.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

DECEMBER 28, 2021

But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic.

Real Estate 450

Real Estate Realty Brokerage Realtors 450

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

Housing Market 449

Housing Market Realtors Buyers Inventory 449

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. from 2021, which NAR attributes to the “rapidly escalating interest rate environment.” This year, buyers may be out in front of supply, and the market could be surprisingly competitive.” from November to a pace of 4.02 A total of 5.03

Inventory 383

Inventory Housing Market Realtors Buyers 383

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. million in September 2021. Tables have turned for some sellers. million units from 6.18

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Lamacchia Realty

NOVEMBER 3, 2023

has released its “Top Producing REALTORS®,” for October 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Leslie is a member of the 2019 , 2020 and 2021 President’s Club.

Realtors 74

Realtors Realty Real Estate Clients 74