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

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges.

Mortgage 350

Mortgage Marketing Loan Officers Real Estate Agent 350

Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. The Sitzer/Burnett trial is slated to head to trial on October 16, 2023.

Buyers 483

Buyers Realtors Agents Real Estate 483

Housing Wire

SEPTEMBER 5, 2023

According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. A trial date has yet to be set for the Moehrl lawsuit. “We

Real Estate 414

Real Estate Buyers Legal Realtors 414

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 441

Real Estate Agent Agents Real Estate Buyers 441

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. in April 2023, according to the National Association of Realtors (NAR). That mild correction has played out, with an emphasis on mild.

Housing Market 422

Housing Market Marketing Retail Sellers 422

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 488

Inventory Housing Market Realtors Mortgage 488

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?

Clients 424

Clients Agents Buyers Sellers 424

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. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. in January.

Inventory 367

Inventory Buyers Housing Market Contracts 367

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). million home sales in 2024, a 9% increase from 2023. The number of buyers who are bringing all cash to the transactions has been on the rise. “The Pending home sales increased by 3.4%

Inventory 424

Inventory Buyers Realtors Investors 424

Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. The MBA forecasts a modest drop in mortgage rates through 2023, ending closer to 5%.

Buyers 387

Buyers Mortgage Landlords Law 387

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 382

Agents Brokerage Real Estate Clients 382

Housing Wire

JANUARY 9, 2024

commission ($10,250) to the buyer broker.” Like the other commission lawsuits, the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS.

Realty 457

Realty Realtors Real Estate Real Estate Agent 457

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). This spring represents a window of opportunity for buyers and sellers who want to enter the market.” Data released Thursday by the National Association of Realtors (NAR) revealed a 4.3% decline in U.S.

Realtors 344

Realtors Inventory Real Estate Sellers 344

Housing Wire

DECEMBER 14, 2022

Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts. by the end of 2023, according to fresh projections, up from an estimate of 3.9% by the end of 2023, dropping slightly from the projected 7.5%

Mortgage 414

Mortgage Housing Market Buyers Sellers 414

Appraisal Buzz

MARCH 21, 2024

compared with February 2023, according to the National Association of Realtors (NAR). It was the largest monthly increase since February 2023. compared with February 2023. Additional housing supply is helping to satisfy market demand,” says Lawrence Yun, chief economist for NAR, in a statement. That’s about a 2.9-month

Inventory 394

Inventory Realtors Investors Buyers 394

Housing Wire

APRIL 9, 2024

Homebuilders are observing a rise in demand for homes that can accommodate natural aging from Gen X buyers. A report released last week by the National Association of Realtors (NAR) said that Gen X homebuyers have a median income of $126,900, and are still years away from retirement.

Buyers 493

Buyers Construction Realtors Development 493

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1

Inventory 408

Inventory Housing Market Realtors Buyers 408

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. HW: What are the risk management challenges for REO assets?

Business 383

Business Marketing Real Estate Legal 383

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. Today, the average is 2.7

Realtors 423

Realtors Buyers Inventory Sellers 423

Housing Wire

SEPTEMBER 30, 2022

The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Consequently, the Federal Reserve increased the federal funds rate by 75 basis points at its Federal Open Market Committee (FOMC) meeting in September. A year ago at this time, rates averaged 3.01%.

Buyers 450

Buyers Mortgage Loan Officers Retail 450

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Another 10% are honing their value proposition , particularly as it relates to buyers’ agents.

Real Estate 385

Real Estate Brokerage Agents Training 385

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020. million, up from 1.03

Housing Market 538

Housing Market Marketing Inventory Mortgage 538

Lamacchia Realty

JANUARY 11, 2024

has released their “Top Producing REALTORS®,” for all of 2023! This program recognizes the Top 10 REALTORS® out of the over 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Lamacchia Realty, Inc.

Realtors 66

Realtors Realty Real Estate Agents 66

Lamacchia Realty

JANUARY 3, 2024

has released its “Top Producing REALTORS®,” for December 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list!

Realtors 73

Realtors Realty Real Estate Clients 73

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Buyers seem like they can’t get a break,” Kechian said. “I Literally, we’re right back to being a seller’s market again.”

Marketing 368

Marketing Inventory Loan Officers Buyers 368

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. “The largest, undisrupted market in the U.S.,”

Marketing 413

Marketing Inventory Renovations Investors 413

Housing Wire

APRIL 26, 2024

The deal comes just days after the federal judge overseeing the commission case in Missouri approved a preliminary settlement that will see the National Association of Realtors and multiple other residential brokerages collectively pay hundreds of millions of dollars in damages and make large-scale changes to longstanding commission policies.

Brokerage 453

Brokerage Agents Real Estate Buyers 453

Lamacchia Realty

NOVEMBER 3, 2023

has released its “Top Producing REALTORS®,” for October 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Carolyn wants to help as many buyers and sellers achieve their goals as possible.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

MARCH 13, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. It is still kind of a weird market, but it is going back to a little bit more normal.” Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said.

Housing Market 366

Housing Market Marketing Tenants Buyers 366

Lamacchia Realty

MAY 7, 2024

has released its “Top Producing REALTORS®,” for April 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Earlier last year, Shauna was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list.

Realtors 72

Realtors Realty Real Estate Clients 72

Housing Wire

NOVEMBER 7, 2023

Compass surprised positively in the third quarter of 2023 by posting a number of strong results. The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% We expect to achieve our $900 million annualized non-GAAP operating expense run rate in Q4 2023,” Refkin said during the call.

Agents 376

Agents Real Estate Agent Realtors Brokerage 376

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). million in January 2023. months in January 2023.

Inventory 421

Inventory Sellers Buyers Realtors 421

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Pending home sales rose 8.3% in November.

Contracts 450

Contracts Housing Market Construction Inventory 450

Housing Wire

APRIL 3, 2024

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. In prior notes, KBW had also referred to CoStar as the “top beneficiary” of a change to the buyer agent landscape.

Real Estate 405

Real Estate Agents Buyers Business 405

Yolo Solano Appraisal Blog

AUGUST 29, 2023

Here are Yolo County residential real estate market trends as of August 23, 2023, based on analysis of sales in Metrolist MLS for my presentation at the Yolo County Association of Realtors marketing meeting last week. In the past, I’ve not included county-wide data nor West Sacramento.

Marketing 78

Marketing Realtors Real Estate Sellers 78

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. Always will too,” one wrote.

Agents 381

Agents Realtors Clients Real Estate Agent 381