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 Oftentimes this leads to the discovery of vacant lots. billion, up from $6.9

Sellers 377

Sellers Real Estate Realtors Real Estate Agent 377

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5

Housing Market 514

Housing Market Marketing Real Estate Agent Real Estate 514

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 402

Real Estate Agent Real Estate Sellers Buyers 402

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

NOVEMBER 15, 2023

Borrowers with temporary rate buydowns funded by a seller, builder or lender pay a lower mortgage rate during the initial period of their loans, and the borrower’s reduced monthly payments are subsidized with money deposited into an escrow account.

Appraisal 403

Appraisal Real Estate Agent Sellers Government 403

Housing Wire

NOVEMBER 28, 2023

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 Compass launched operations in Wisconsin in 2021 and currently operates eight offices with 175 real estate agents. million in sales volume.

Real Estate Agent 403

Real Estate Agent Real Estate Realty Technology 403

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% from a year ago.

Real Estate Agent 464

Real Estate Agent Sellers Inventory Mortgage 464

Housing Wire

OCTOBER 26, 2023

The partnership extends Offerpad’s reach by allowing seller requests from areas outside of Offerpad’s current markets to be served by certified agents affiliated with the Anywhere Leads Network , a nationwide network of 500 brokers and more than 100,000 real estate agents. “As Offerpad operates in 14 states.

Real Estate Agent 381

Real Estate Agent Real Estate Sellers Agents 381

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 370

Agents Real Estate Agent Real Estate Sellers 370

Housing Wire

MARCH 18, 2024

Roomvu , a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. expansion comes after Roomvu’s successful launch in Canada in 2022.

Marketing 382

Marketing Real Estate Real Estate Agent Realtors 382

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 429

Realtors Real Estate Agent Real Estate Sellers 429

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

Martell said that when the mortgage market meltdown happened in 2022, the company set a plan that included simplifying the organizational structure, focusing on client service and quality, automation and operating leverage. million loss in 2022. . “On the cost side, obviously, we’re tightening our belts,” Martell said.

Mortgage 300

Mortgage Real Estate Agent Real Estate Renovations 300

Housing Wire

APRIL 8, 2024

In the release, Real noted that it does not foresee the settlement having a material impact on its future operations. In settling this lawsuit, Real joins Compass , the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. The Real Brokerage closed $14.4

Brokerage 371

Brokerage Real Estate Agent Real Estate Clients 371

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.

Brokerage 393

Brokerage Real Estate Agent Real Estate Agents 393

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. What’s especially interesting is that unlike average or low-performing agents, top-performing agents simply don’t lower their commission rates very often. “I

Agents 401

Agents Real Estate Agent Brokerage Real Estate 401

Housing Wire

OCTOBER 27, 2023

Real estate commissions always have fluctuated given the market conditions and, according to RealTrends , commission rates are currently well below where they were in the ‘90s. Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner. population.

Real Estate Agent 457

Real Estate Agent Real Estate Realtors 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.

Finance 441

Finance Real Estate Agent Real Estate Insurance 441

Housing Wire

OCTOBER 28, 2022

One of the biggest benefits of social media for real estate agents and mortgage brokers is the ability to highlight your success stories to connect with clients. To go back to the full HousingWire Annual 2022 on demand page, go here. Watch the full session below.

Real Estate Agent 359

Real Estate Agent Development Agents Real Estate 359

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. 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 424

Sellers Buyers Real Estate Contracts 424

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. The goal in prospecting FSBO sellers is to be that agent.

Real Estate 370

Real Estate Open Houses Brokerage Real Estate Agent 370

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 392

Agents Buyers Real Estate Agent Mortgage 392

Housing Wire

SEPTEMBER 15, 2023

in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. That rate is up from 14.3% The median U.S. This price was 2.8%

Buyers 409

Buyers Mortgage New Listings Real Estate Agent 409

Housing Wire

NOVEMBER 2, 2022

The housing industry, from servicers to real estate agents and more, will feel the impacts of this year’s hurricane season far beyond 2022. 16, 2022, according to FEMA. Many states do have sellers disclosure laws. Beyond that, there are more questions than answers regarding the future of the program.

Real Estate Agent 367

Real Estate Agent Insurance Mortgage Real Estate 367

Housing Wire

FEBRUARY 6, 2024

Department of Veteran Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to a report in The Wall Street Journal. An assumable mortgage enables qualified buyers to take over the seller’s mortgage terms, including the existing balance and interest rate.

Mortgage 399

Mortgage Sellers Advertising Buyers 399

Appraisal Buzz

APRIL 1, 2024

That’s the largest annual increase in percentage terms since April 2022, the firm says. Homebuyers are doing whatever they can to pull together a large down payment in order to lower their monthly payments moving forward,” says Rachel Riva, a Redfin real estate agent in Miami. I had one client who put down 40 percent.”

Real Estate Agent 195

Real Estate Agent Investors Buyers Real Estate 195

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. of UWM’s mix in 2021, and company executives expect that number to grow in 2022 as rates climb. billion, up 103.3%

Mortgage 519

Mortgage Marketing Retail Lending 519

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 423

Real Estate Realtors Sellers Agents 423

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. Representatives for Anywhere and Keller Williams declined to comment on the fast-approaching hearing date.

Realtors 359

Realtors Real Estate Agent Real Estate Brokerage 359

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 423

Clients Agents Buyers Sellers 423

Housing Wire

MAY 4, 2023

The company’s GAAP net loss in Q1 was $411 million, a decline from 2022 Q4’s $493 million. decline from $19 billion in Q4 2022. The first quarter production also represents a whopping 67% drop compared to the same period in 2022. Revenue in the first quarter of 2022 was $2.7 By channel, Rocket reported $8.8 Rocket has 2.5

Real Estate Agent 389

Real Estate Agent Clients Mortgage Inventory 389

Housing Wire

AUGUST 21, 2023

In REX’s Lanham Act portion of its lawsuit, the firm alleges that Zillow “falsely labeled REX listings as ‘Other Listings’ rather than ‘Agent Listings’ when REX’s listings were in fact offered by licensed real estate agents,” according to earlier court documents. “It REX ceased its brokerage operations in mid-May of 2022.

Advertising 362

Advertising Real Estate Agent Real Estate Agents 362

Housing Wire

APRIL 25, 2023

The Detroit-headquartered lender’s first special-purpose credit program debuted in December 2022. Launched in September 2022, Rocket Mortgage’s Inflation Buster, which ended on March 31, covered the difference in mortgage payments in the first 12 months through a special escrow.

Buyers 345

Buyers Finance Real Estate Agent Government 345

Housing Wire

NOVEMBER 4, 2022

These factors also impacted when, where and how buyers purchased homes, according to NAR’s 2022 Profile of Home Buyers and Sellers , which also analyzed the demographic of buyers and sellers across America. Those who have housing equity hold the cards and they’ve fared very well in the current real estate market.

Buyers 371

Buyers Sellers Real Estate Agent Real Estate 371

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

Agents 366

Agents Real Estate Agent Realtors Brokerage 366

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. On nearby Chincoteague Island, Virginia, Long & Foster Real Estate agent Meghan O.

Real Estate Agent 441

Real Estate Agent Insurance Real Estate Agents 441

Housing Wire

FEBRUARY 28, 2024

According to the National Association of Realtors , in 2023, 41% of surveyed buyers signed agency agreements, up from 35% in 2022. Listing agents, most of whom also represent buyers as well as sellers, could continue to persuade their clients that today’s 2.5% The report was authored by CFA senior fellow Stephen Brobeck.

Buyers 379

Buyers Contracts Agents Realtors 379