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 386

Buyers Contracts Agents Realtors 386

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

NOVEMBER 13, 2023

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. by 1% to 2% just by cutting the commission paid to buyer’s agents.” Sales prices don’t go up or down based on closing costs.

Real Estate 356

Real Estate Realtors Agents Buyers 356

Housing Wire

MAY 26, 2023

The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. Then, posing as the property owner, the scammer contacts a real estate agent to list the property.

Sellers 379

Sellers Real Estate Realtors Real Estate Agent 379

Housing Wire

MARCH 2, 2023

And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. The pandemic definitely changed the real estate market ,” Todd Alperin, a Better Homes and Gardens Real Estate The Masiello Group agent based in Southern New Hampshire, said.

Real Estate Agent 390

Real Estate Agent Inventory Real Estate Agents 390

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? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 431

Clients Agents Buyers Sellers 431

Housing Wire

NOVEMBER 3, 2023

I actually started out as a buyer’s agent myself… and I see buyer’s agency as being a very valuable tool for buyers,” Sanford said during the Q&A session. I’m concerned, quite frankly, about what this might mean to buyers who may not be able to afford representation if things change up too much.” million to $14.90

Buyers 379

Buyers Realty Real Estate Realtors 379

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 362

Real Estate Clients Retail Client Relationships 362

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 393

Buyers Agents Loan Officers Real Estate 393

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 409

Real Estate Agent Real Estate Sellers Buyers 409

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. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 431

Sellers Buyers Real Estate Contracts 431

Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. After posting a net loss of $138 million in Q1 2023 , the real estate conglomerate rebounded to report $19 million in net income for the second quarter.

Real Estate 306

Real Estate Brokerage Investors Buyers 306

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 517

Housing Market Marketing Real Estate Agent Real Estate 517

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 407

Real Estate Agent Real Estate Agents Loan Officers 407

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 437

Realtors Real Estate Agent Real Estate Sellers 437

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

Real Estate Agent 402

Real Estate Agent Real Estate Agents Brokerage 402

Housing Wire

SEPTEMBER 13, 2023

It is important to note that every one of the major national networks, those listed above, along with RE/MAX , Anywhere , United Real Estate and HomeSmart , are still active with local combinations among both their company-owned operations and their affiliated firms.

Real Estate 337

Real Estate Valuation Brokerage Property Management 337

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 423

Brokerage Realty Real Estate Inventory 423

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

Housing Market 408

Housing Market Sellers Marketing New Listings 408

Appraisal Buzz

MAY 2, 2022

These are a few ways it will affect real estate in the coming months. After months of paperwork and organizing teams, many experts believe the allocated funding will start positively affecting the real estate market. Secondary Real Estate Markets On the Rise. What does this have to do with real estate?

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

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. Either way, it puts the squeeze on property valuation.

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Real Estate News

APRIL 22, 2023

A new report finds that in 2022, 30% of Gen Z Americans owned a home at age 25, making them a prime source of buyer (and seller) leads.

Buyers 244

Buyers Sellers 244

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. of their loan amount to put toward closing costs, helping defray upfront costs.

Agents 396

Agents Buyers Real Estate Agent Mortgage 396

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. Opendoor, the larger of the two publicly traded iBuyers, announced its own partnership with Zillow in 2022. Offerpad operates in 14 states.

Real Estate Agent 385

Real Estate Agent Real Estate Sellers Agents 385

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

APRIL 26, 2024

Other defendants in the Sitzer/Burnett case, Anywhere Real Estate, RE/MAX and Keller Williams, settled for a combined $209 million. “This resolution allows us to concentrate on our primary goal: delivering unparalleled value in the real estate market and serving home buyers and sellers with the highest standards of service.”

Brokerage 457

Brokerage Agents Real Estate Buyers 457

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 449

Finance Real Estate Agent Real Estate Insurance 449

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement.

Inventory 369

Inventory Housing Market Realtors Buyers 369

Housing Wire

FEBRUARY 21, 2024

The residential brokerage was dismissed this week from one of the early real estate commission lawsuits , known as “Batton 1” after its lead plaintiff, a homebuyer named Mya Batton. Wood wrote on Tuesday that home sellers were “better suited to seek injunctive relief.” Judge Andrea Wood of the U.S.

Brokerage 367

Brokerage Realtors Real Estate Law 367

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

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. The interest in the smaller structures that were hot sellers during the pandemic has ceded ground to a surge in inquiries about ADUs with bathrooms, kitchenettes and the full suite of HVAC, plumbing, and electrical service.

Buyers 357

Buyers Real Estate Construction Finance 357

Housing Wire

NOVEMBER 8, 2023

Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been filed. But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers.

Real Estate 431

Real Estate Realtors Sellers Agents 431

Housing Wire

APRIL 3, 2024

Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy. The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow.

Real Estate 400

Real Estate Agents Buyers Business 400

Appraisal Buzz

JANUARY 17, 2022

What is on the horizon in 2022? Things may be taking a turn for the better in 2022, though. Many buyers hope the housing market will cool down in 2022, and while experts don’t think it will be as competitive, this is unlikely to be a dramatic shift — at least not one that turns the market away from being seller-friendly.

Construction 468

Construction Supply Chain Housing Market Technology 468

Housing Wire

APRIL 20, 2023

That’s why HousingWire reached out to Kara Taylor , executive vice president of Marketing at ATTOM , and 2022 HW Marketing Leader, to gain some industry wisdom and hear more about what advice she would give others in the industry. HousingWire: What is the secret to a successful marketing strategy in today’s housing market?

Marketing 365

Marketing Real Estate Technology Housing Market 365

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 472

Real Estate Agent Sellers Inventory Mortgage 472

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 428

Realtors Buyers Inventory Sellers 428