Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Buyers get sticker shock when they see their high rate on paper alongside extra expenses for maintenance, repairs and closing costs. year over year, the largest annual decline since June 2021.

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Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

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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. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.”

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Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We In 2021, Florida was responsible for 12.8% billion in 2021.

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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. But buyers shouldn’t get too excited. In August, 58.8% During the four-week period that ended Sept. million and 1.92

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Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. Will 2021 be more of the same?

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Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. Homesnap said this trend could further drain inventory as 2021 approaches. 22%, while total sales increased 19.29%.

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Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. To put it simply, the last half of 2020 was a seller’s market. But will 2021 be the same? Here we break down the reasons why you should or shouldn’t sell in 2021: Should sell your house: Interest rates are low. They make monthly mortgages more affordable!

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Property Taxes Sellers Buyers Mortgage 454

Sacramento Appraisal Blog

MAY 25, 2021

Dear Sellers, How are things? I hope all is well. The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. This is coming from a good place and it’s based on observations and conversations with the real estate community. I hope this helps. […].

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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. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

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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. It is not required for a seller to compensate a buyer’s agent.

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Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money. 2021 to Jan.

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Buyers Renovations Supply Chain Housing Market 370

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.

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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 2021-2022 and 30.5-31% No wonder, then, that many sellers decided to pull their listings.

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Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.

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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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Appraisal Buzz

SEPTEMBER 20, 2021

Buyers and sellers? 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? Realtors and Property Appraisers? Interest rates?

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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.

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Housing Wire

NOVEMBER 4, 2022

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%. Conversely, White and Hispanic Americans experienced gains in buyer shares. million in 2021, up from 50.5 ” The Hispanic population reached 62.5

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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. Approximately … The post Largest Share of Buyers Purchased Homes in Suburbs, Rural Areas appeared first on DSNews.

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Buyers Realtors Sellers Appraisal 150

Housing Wire

MARCH 27, 2024

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. When I go to listing appointments a seller asks what my commission is. Will sellers pay less?

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Real Estate Agent Real Estate Agents Sellers 275

Housing Wire

FEBRUARY 4, 2021

If buying a home is on your radar for 2021, there are still ways to do it. Are you hoping to buy a home in 2021’s hot housing market ? Will we have a buyer’s housing market in 2021? Not only can it give you a good price range to work with, but it can also make sellers more likely to choose your offer.

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Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

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Buyers Inventory Agents Realty 347

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.

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Real Estate Agent Real Estate Agents Sellers 381

Housing Wire

MARCH 27, 2024

Listings jumped at both the state and city levels in 2021 and 2022. The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee. The pandemic supercharged movers’ interest in Florida, especially the First Coast.

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Brokerage Realty Real Estate Inventory 387

Housing Wire

FEBRUARY 6, 2024

An assumable mortgage enables qualified buyers to take over the seller’s mortgage terms, including the existing balance and interest rate. It presents an appealing proposition for both buyers and sellers, particularly those looking to capitalize on historically low mortgage rates.

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Mortgage Sellers Advertising Buyers 367

Housing Wire

JANUARY 8, 2021

The country was paralyzed amid the current health crisis and many borrowers and sellers alike are frightened to enter purchase contracts and move forward with transactions already in progress. The post 2021 means new challenges for mortgage lending appeared first on HousingWire.

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Lending Mortgage Inventory Business 440

Housing Wire

FEBRUARY 6, 2024

home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster. Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up.

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Real Estate Agent Real Estate Sellers Buyers 375

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount. It’s causing buyers to rethink their plans.”

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HOA Law Insurance New Listings 463

Housing Wire

APRIL 19, 2024

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. Even though mortgage rates remain elevated and demand isn’t as high as it was during the pandemic, many homebuyers and sellers feel the worst of the housing downturn is behind us.” Buyers are looking for that again.

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Luxury Properties New Listings Buyers Housing Market 412

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.” commission ($10,250) to the buyer broker.”

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Realty Realtors Real Estate Real Estate Agent 460

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. According to the complaint, this requirement of a blanket offer of compensation makes it easy for buyer agents to steer clients to properties they would make a higher commission on.

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Real Estate Realtors Sellers Agents 422

Housing Wire

SEPTEMBER 13, 2023

Industry players who spoke with HousingWire agree that the level of repurchase demands has increased this year and that is having an impact on some buyers and sellers of MSRs. And if you’re an asset-based investor [an MSR buyer], one of these buybacks can absolutely destroy your return.”

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Marketing Sellers Buyers Mortgage 379

Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. And don’t even think about making an offer below asking price in 2021, officials said. You won’t win the bidding war.

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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

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Brokerage Realtors Real Estate Law 331

Housing Wire

FEBRUARY 28, 2024

“Defendant’s illegal collusion has the inevitable effect of forcing home sellers like Plaintiff to bear a cost—buyer’s side commissions—that in a competitive marketplace lacking Defendants’ collusion would be borne by the buyer, if at all,” the complaint reads. 2021 to a buyer represented by a Redfin agent.

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Realtors Legal Agents Brokerage 362

Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. Compass launched operations in Wisconsin in 2021 and currently operates eight offices with 175 real estate agents. In 2022, the Husky Homes team closed 121 transactions and more than $48.4 million in sales volume. It even ranked No.

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Real Estate Agent Real Estate Realty Technology 402