Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 410

Real Estate Agent Real Estate Agents Loan Officers 410

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. According to the brokerage, 6.5%

Sellers 508

Sellers Buyers Inventory Real Estate Agent 508

Housing Wire

NOVEMBER 30, 2021

real estate?market 2022 is slated to be? a buyer’s market. ? . business as a real?estate?professional. Finding out that Chicago’s real estate market could still skyrocket a double-digit percentage?is Agents, you might have a new area of interest for prospective buyers.??. coming to the?end

Real Estate 440

Real Estate Agents Real Estate Agent Business 440

Housing Wire

MARCH 12, 2024

million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. In 2022, we were urging them to go conventional to get their offer accepted because you had to stand out in 2022.”

Real Estate Agent 458

Real Estate Agent Real Estate Buyers Realty 458

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. 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.

Real Estate Agent 413

Real Estate Agent Real Estate Sellers Buyers 413

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. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. That rate is up from 14.3% That rate is up from 14.3% The median U.S.

Buyers 417

Buyers Mortgage New Listings Real Estate Agent 417

Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. They must be U.S.-based,

Brokerage 370

Brokerage Real Estate Realty Real Estate Agent 370

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff. High octane stuff.

Housing Market 519

Housing Market Marketing Real Estate Agent Real Estate 519

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. That requires real estate professionals to cooperate with each other by sharing pertinent information with competitors regarding the home and about the terms of a potential transaction.

Real Estate Agent 466

Real Estate Agent Real Estate Realtors Buyers 466

Housing Wire

DECEMBER 6, 2022

range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah. Any time my buyers are the ones bringing a lender to the table who I am not familiar with, I am going to have some questions for that lender.

Real Estate 368

Real Estate Real Estate Agent Clients Agents 368

Housing Wire

NOVEMBER 28, 2023

The Husky Homes real estate team, led by Alison Crim, has joined Compass , the company announced on Tuesday. The team specializes in buyer and seller representation as well as new construction. In 2022, the Husky Homes team closed 121 transactions and more than $48.4 million in sales volume. It even ranked No.

Real Estate Agent 409

Real Estate Agent Real Estate Realty Technology 409

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Anywhere Real Estate just settled two of the cases for a total of $83.5

Buyers 394

Buyers Agents Loan Officers Real Estate 394

Housing Wire

JANUARY 10, 2024

The National Retail Federation found that during the 2022 holiday season, retailers saw 17.9% In the world of real estate , transactions are not merely about properties but also the people behind them. Did your buyer ask you where the best wine shop in the neighborhood is located?

Real Estate 368

Real Estate Clients Retail Client Relationships 368

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 479

Buyers Mortgage Real Estate Agent Contracts 479

Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission.

Realtors 440

Realtors Real Estate Agent Real Estate Sellers 440

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. If they work with a Rocket Homes partner agent, they’d receive nearly $5,000 toward their closing costs. (To

Agents 397

Agents Buyers Real Estate Agent Mortgage 397

Housing Wire

NOVEMBER 1, 2023

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? billion in Missouri alone.

Clients 431

Clients Agents Buyers Sellers 431

Mashvisor

APRIL 29, 2022

Before anyone decides to pursue a career as a real estate agent in 2022, one question lingers in their mind: how much do real estate agents make? Table of Contents…

Real Estate Agent 68

Real Estate Agent Real Estate Agents Sellers 68

Housing Wire

APRIL 23, 2024

That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona. million loss in 2022. . “On the cost side, obviously, we’re tightening our belts,” Martell said. Judge Stephen R.

Mortgage 310

Mortgage Real Estate Agent Real Estate Renovations 310

Appraisal Buzz

JULY 25, 2022

Until recently, the mortgage industry has been satisfied to leave the work of empowering new buyers to their real estate agents, so that loan officers (LOs) could spend time focusing on the flood of refinance business that led to a $4 trillion mortgage market in 2021.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

Housing Wire

AUGUST 25, 2022

“By leveraging innovative digital technology and the company’s industry-leading public records data, the PRISM platform delivers a more efficient, more convenient real estate transaction experience for our title agents and the lenders, real estate agents, buyers and sellers they serve.”.

Agents 379

Agents Real Estate Agent Real Estate Sellers 379

Housing Wire

SEPTEMBER 12, 2023

Yakima Valley, Washington-based The Real Estate Collective , is RE/MAX’s latest franchise, according to an announcement on Tuesday. The new firm is owned by Haley Larson, who joined RE/MAX with her 17 agents. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release. “I

Brokerage 397

Brokerage Real Estate Agent Real Estate Agents 397

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 375

Brokerage Real Estate Agent Real Estate Clients 375

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

Brokerage 397

Brokerage Real Estate Lending Mortgage 397

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. In fact, Austin has just about 1.2

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

OCTOBER 26, 2023

Real estate conglomerate Anywhere is teaming up with Offerpad to expand the iBuyer ‘s services nationwide, according to an announcement on Thursday. ” Through the partnership, agents and brokers in the Leads Network will be connected with Offerpad customers who are outside of the iBuyer’s current markets.

Real Estate Agent 389

Real Estate Agent Real Estate Sellers Agents 389

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 392

Buyers Contracts Agents Realtors 392

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. What is reverse purchase financing?

Finance 452

Finance Real Estate Agent Real Estate Insurance 452

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. In early 2022, people were locking into 3% and 4% interest rates. Homelight surveyed real estate agents who found ADU ROIs to be neutral to negative, depending on the location. So, what’s happening with ADUs now?

Buyers 361

Buyers Real Estate Construction Finance 361

Housing Wire

MARCH 13, 2024

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I

Real Estate Agent 452

Real Estate Agent Insurance Real Estate Agents 452

Housing Wire

APRIL 25, 2023

The Detroit-headquartered lender’s first special-purpose credit program debuted in December 2022. The program is available for buyers who met the requirements and are purchasing a home in countries across 10 metropolitan areas. For Rocket Pro TPO, home sellers or real estate agents funded the program for borrowers. “We’re

Buyers 348

Buyers Finance Real Estate Agent Government 348

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. I wanted to close before May 1, so I selected a buyer who was already in underwriting. Congratulations!” You just sold your house.” And that was that!

Agents 408

Agents Real Estate Agent Brokerage Real Estate 408

Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion in 2022, down from the previous year’s $4.4

Lending 349

Lending Realtors Real Estate Agent Mortgage 349

Housing Wire

AUGUST 30, 2023

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. Yet higher mortgage rates aren’t all bad news for savvy real estate agents. Many real estate agents may shy away from working with landlords and renters.

Real Estate Agent 413

Real Estate Agent Mortgage Landlords Real Estate 413

Housing Wire

MARCH 27, 2024

Listings jumped at both the state and city levels in 2021 and 2022. Herron Real Estate exploded from two listings in 2019 to 417 in 2023; Momentum Realty grew from 12 listings to 612 over the same period. DR Horton, the country’s largest homebuilder, stayed in the top 10 every year – ranking 4th in 2021 and 2022.

Brokerage 427

Brokerage Realty Real Estate Inventory 427

Housing Wire

JANUARY 12, 2024

in mid-2022. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat. In the third quarter of 2023, 88.5%

Real Estate Agent 473

Real Estate Agent Sellers Inventory Mortgage 473

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states.

Sellers 431

Sellers Buyers Real Estate Contracts 431