Housing Wire

MARCH 13, 2024

The DOJ’s statement was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS PIN in July 2023. Since the initial filing, the plaintiffs and MLS PIN have filed two amended agreements in order to appease the DOJ, which first became involved in the suit in early October 2023.

Legal 433

Legal Contracts Sellers Buyers 433

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.” Homebuying activity remains tepid, but if rates continue to fall and home prices cool further, we expect to see potential buyers come back into the market.

Buyers 471

Buyers Mortgage Real Estate Agent Contracts 471

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 464

Buyers Marketing Sellers Loan Officers 464

Housing Wire

MARCH 28, 2023

2023 began as 2022 had ended, with U.S. Buyers in the market still find themselves competing over relatively few homes for sale, a fact which continues to prop up home prices,” Lisa Sturtevant, the chief economist at BrightMLS , said in a statement. The annual growth rate in December was 4.4%. The index came in at a reading of 292.71

Buyers 393

Buyers Inventory Contracts Finance 393

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.”

Inventory 370

Inventory Buyers Housing Market Contracts 370

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

Mortgage 404

Mortgage Marketing Investors Lending 404

Housing Wire

DECEMBER 13, 2022

As brokers and LOs close out a challenging year and set their sights on 2023, it could be tempting to take a pessimistic view. However, there are actionable steps and strategies they can take to ensure 2023 is as profitable as possible. Most industry observers expect 2023 to be much more consistent.

Clients 393

Clients Technology Real Estate Agent Business 393

Housing Wire

DECEMBER 20, 2022

Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S.

Mortgage 404

Mortgage Housing Market Retail Contracts 404

Housing Wire

MARCH 28, 2024

The DOJ’s statement of interest, which was filed in mid-February, was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS Property Information Network (MLS PIN) in July 2023. NWMLS counters that these rule changes increased transparency and removed the potential for steering.

Sellers 423

Sellers Contracts Buyers Realtors 423

Housing Wire

MAY 1, 2024

While Zillow’s net loss of $23 million for the quarter, which was up from its net loss of $22 million in Q1 2023, did not necessarily reflect Barton’s confidence, the firm’s 13% annual increase in revenue to $529 million did. We are advantaged primarily because we are a product and technology company first.”

Agents 431

Agents Real Estate Contracts Real Estate Agent 431

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62

Contracts 450

Contracts Housing Market Construction Inventory 450

Housing Wire

APRIL 4, 2024

The complaint states that Jutla is bringing the action against Redfin “for unlawfully agreeing and conspiring to enact and enforce anticompetitive restrictions on Realtors contracting behavior, causing the Plaintiff to pay inflated buyer’s agent commissions on the sale of her home, as well as tandem purchase of a home in California.”

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Realtors Agents Sellers Real Estate 436

Sacramento Appraisal Blog

JANUARY 16, 2023

How are appraisers handling concessions to the buyer? Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market.

Appraisal 339

Appraisal Contracts Real Estate Housing Market 339

Housing Wire

MAY 3, 2024

“The key difference between our business model and that of many of our peers is that our model incentivizes agents to help buyers and sellers reach their housing goals, while some other models have incentivized their agents to recruit other agents, many of whom are not productive.” million in Q1 2023. annualized decline in U.S.

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Agents Real Estate Training Buyers 413

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.

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Sellers Buyers Real Estate Contracts 424

Hank Miller Team

JANUARY 23, 2023

That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023.understand Home buyers had a rough couple of years. Overnight and over the months, buyers fell out, unable to qualify as rates rose.

Buyers 98

Buyers Inventory Agents Contracts 98

Housing Wire

MARCH 29, 2024

In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of interest which was filed in early February in relation to the proposed settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network in July 2023.

Sellers 424

Sellers Real Estate Buyers Contracts 424

Housing Wire

NOVEMBER 28, 2023

home prices continued their rally in September 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement.“Our in September, marking eight consecutive monthly gains since prices bottomed in January 2023. Our National Composite rose by 0.3% The Composite now stands 3.9% above its year-ago level and 6.6%

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New Listings Contracts Inventory Sellers 413

Housing Wire

MARCH 20, 2024

However, the company still makes the vast majority of its revenue – 75% in 2023 – from the services it provides brokers and agents in the for-sale residential market. Those same investors foresee fewer buyer agents as a result, or at least fewer that will pay for the premium services Zillow offers.

Investors 450

Investors Agents Real Estate Buyers 450

Housing Wire

SEPTEMBER 21, 2023

“It’s now entirely possible for us to qualify buyers for their dream home by the time they leave the open house. billion in the first six months of 2023, according to data from Inside Mortgage Finance. As of June 2023, Guaranteed Rate had a 2.5% Agents submitting an offer at 8:30pm? The lender originated $10.6

Open Houses 404

Open Houses Contracts Finance Tools 404

Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. The defendants have been ordered to pay damages of $1.78

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Brokerage Real Estate Training Buyers 414

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. according to Redfin’s data. Pending sales also dropped by 40%.

Housing Market 382

Housing Market Marketing Contracts Buyers 382

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. An index of 100 is equal to the level of contract activity in 2001. in 2023 and 5.4% year over year in 2023 to a total of 4.47 in 2023 and 5.4% After posting a 2.5%

Housing Market 424

Housing Market Realtors Contracts Buyers 424

Housing Wire

SEPTEMBER 6, 2023

“Both purchase and refinance applications fell, with the purchase index hitting a 28-year low, as prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” said Joel Kan, MBA’s vice president and deputy chief economist. Department of Veteran Affairs loans’ share decreased to 11.3% Lastly, the U.S.

Mortgage 414

Mortgage Contracts Inventory Buyers 414

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. Looking at the four major U.S. regions on a monthly basis, sales slid in the Northeast, South, and West but were unchanged in the Midwest. from October 2022’s $378,800.

Inventory 404

Inventory Realtors New Listings Contracts 404

Housing Wire

DECEMBER 23, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Rates should continue to fall in 2023, but the decline in rates will be much slower than the run up. million home sales nationally in 2023, a decline of about 6% compared to 2021, and the lowest level of home sales in nine years.

Housing Market 404

Housing Market Marketing Inventory Buyers 404

Housing Wire

FEBRUARY 22, 2024

In early September 2023, Steve Murray , the co-founder of RealTrends Consulting , told HousingWire that he believed this was a possible outcome. The outcome the DOJ wants would only reduce costs for sellers, but it Is going to put buyers in a hole,” Murray said.

Sellers 414

Sellers Buyers Real Estate Agents 414

Housing Wire

AUGUST 31, 2023

Incentivized by return-to-office demands, some buyers have adjusted to the higher mortgage rate environment and are moving forward with their home search, according to Realtor.com’s 2023 Hottest Zip Codes report. First, they held back a little, only to come roaring back to the market in 2023.

Mortgage 414

Mortgage Housing Market Contracts Buyers 414

Housing Wire

DECEMBER 23, 2022

New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% Since July, about 10,000 contracts have been canceled each month, according to data from John Burns Consulting. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. in November.

Contracts 382

Contracts Inventory Housing Market Mortgage 382

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 423

Agents Realtors Clients Real Estate Agent 423

Housing Wire

JULY 3, 2023

PrimeLending, led by president and CEO Steve Thompson, ranked as the 34th largest mortgage lender in the first quarter of 2023, with an estimated origination volume of $1.73 A combination of higher loan amounts, cash buyers and a radical drop of refi volume add to the difficulty of today’s environment.

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

Housing Wire

MAY 22, 2023

He ranked 18th on Scotsman Guide ‘s 2023 top LO list. Another strategy Keelin advises his team members is to have a diversified portfolio, targeting both first-time buyers and investors. I’m always going to be hypersensitive to that first-time buyer , where every dollar makes sense.

Loan Officers 370

Loan Officers Investors Technology Clients 370

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. Both trends will help some buyers regain purchasing power,” said Kan. said buyers are tired of waiting for lower prices and rates. Nik Shah, CEO of Home LLC.

Mortgage 382

Mortgage Marketing Loan Officers Contracts 382

Housing Wire

APRIL 17, 2023

In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It It is keeping the pressure on buyers to shop wisely,” Kent Redding, a local Berkshire Hathaway Home Services agent, said.

Housing Market 393

Housing Market Marketing Inventory Buyers 393

Appraisal Buzz

MARCH 28, 2024

compared with February 2023, according to the National Association of Realtors (NAR). Month-over-month, contract signings climbed in the Midwest and South but sank in the Northeast and West. Home prices rising faster than income growth is not healthy and adds challenges for first-time buyers.” Pending home sales increased 1.6%

Inventory 195

Inventory Housing Market Contracts Realtors 195

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

Housing Market 523

Housing Market Marketing Real Estate Agent Real Estate 523

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

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Law Real Estate Real Property Contracts 206