Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 431

Real Estate Agent Real Estate Buyers Agents 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 454

Contracts Housing Market Construction Inventory 454

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 395

Inventory Agents Real Estate Sellers 395

Housing Wire

FEBRUARY 29, 2024

In its statement, the DOJ advocated for the prohibition of cooperative compensation, meaning that “sellers would be responsible for determining only the compensation of their own broker in the listing contract … [and] buyers would be responsible for determining the compensation of their own broker in a buyer-broker representation contract.”

Legal 384

Legal Contracts Sellers Buyers 384

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3 in December.

Contracts 403

Contracts Inventory Realtors New Listings 403

Inman

JANUARY 25, 2024

Frances Katzen and Courtney Poulos spoke with moderator Dana Cadena about the importance of buyer representation, challenges to professionalism in the industry and more during an ICNY panel on Thursday.

Contracts 144

Contracts Agents Buyers Real Estate 144

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

Agents 390

Agents Buyers Loan Officers Real Estate 390

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. economy remains hot.

Loan Officers 404

Loan Officers Mortgage Buyers Inventory 404

Housing Wire

APRIL 22, 2024

He said his company is focused on buyer-side agents, whose activity is expected by some to be impacted by the National Association of Realtors’ (NAR) $418 million nationwide settlement of the commission lawsuits. The change would go into effect in mid-July 2024 if the settlement is approved by a judge.

Brokerage 341

Brokerage Real Estate Realtors Real Estate Agent 341

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 427

Sellers Buyers Real Estate Contracts 427

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 2024 Despite these conditions, Yun still expects annual existing home sales to drop 11.1% million units.

Housing Market 417

Housing Market Realtors Contracts Buyers 417

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 367

Agents Realtors Clients Real Estate Agent 367

Housing Wire

APRIL 24, 2024

FiveStreet: Gone are the days when you could get back to a buyer inquiring about a property in a day or two. Today, buyers expect an immediate response to their inquiries. We found that with FiveStreet, you can deliver personalized, automatic email and/or text message replies to prospective buyers.

Real Estate 346

Real Estate Clients Tools Contracts 346

Housing Wire

DECEMBER 7, 2023

The MA & NH package includes required Core Course, Buyer Agency, Financing, Disclosures / Seller Due Diligence, 1031 Exchanges, Code of Ethics, and Conducting Open Houses and Developing a Safety Plan. out of 5 stars Rating: 5 out of 5. out of 5 stars Rating: 5 out of 5. out of 5 stars Rating: 4.5 out of 5.

Real Estate 361

Real Estate Real Estate Agent Law Brokerage 361

Housing Wire

NOVEMBER 30, 2023

Covers license law, real property, agency, state & federal laws, advertising, valuation, finance, real estate calculations, contracts & more + 15-hr Applied Real Estate Principles, an interactive course Leap Learning 60-hr Online Topics Package $419 60 of required 75 hrs. Self-paced. 15 of required 75 hrs.

Real Estate 407

Real Estate Realtors Real Estate Agent Law 407

Housing Wire

DECEMBER 6, 2023

Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. Pennymac Financial Services said its notes, to be offered in a private placement to qualified institutional buyers, will be “fully and unconditionally guaranteed on an unsecured senior basis.” For example, Freedom raised $1.3

Contracts 374

Contracts Investing Mortgage Investors 374

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. in 2024, according to NAR’s forecast. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” million in 2024. in 2024, to 820,000. in 2023, settling at 4.38

Construction 360

Construction Inventory Realtors Housing Market 360

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. They have gone through all of this and it will end up being punitive to buyers.

Sellers 417

Sellers Buyers Real Estate Agents 417

Housing Wire

FEBRUARY 14, 2024

Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform. Visit Coffee & Contracts 2. Don’t try to do everything or be everything to everyone!

Real Estate Agent 399

Real Estate Agent Real Estate Agents Luxury Properties 399

Housing Wire

APRIL 22, 2024

Josh Team, Howard Tager, and Jonathan Lickstein at HousingWire’s The Gathering 2024. It reads the image of a contract, and the program has standardized contract forms that are in there,” he said. “It That’s certainly not a universal outcome, but it does communicate what the technology can do.

Real Estate 347

Real Estate Tools Brokerage Agents 347

Housing Wire

JANUARY 29, 2024

Imagine if you could bottle the enthusiasm your clients have for working with you and use it to capture new business in 2024. In this article, we’ll show how to procure top-notch client testimonials, where and how to share them, and how to leverage them to bolster your reputation and close more deals in 2024.

Real Estate 401

Real Estate Clients Real Estate Agent Agents 401

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? However, inventory has grown slightly in some states, which means NOW, especially before March , is a great time to list and take advantage of motivated buyers before other sellers start to saturate the market. Protect Yourself as a Buyer Now consider another scenario.

Sellers 67

Sellers Realtors Buyers Inventory 67

Housing Wire

JANUARY 10, 2024

In this article, we explore nine exceptional real estate lead generation companies that can supercharge your lead generation efforts, each with its unique strengths and limitations.

Real Estate 357

Real Estate Real Estate Agent Tools Agents 357

Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. USPAP 2024 is effective January 1, 2024. To read more, click here My comments: Be sure to read this blog post.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

Inspection 401

Inspection Real Estate Agent Real Estate Insurance 401

Housing Wire

OCTOBER 11, 2023

Let’s start at the top —the analysts at KBW believe that a court-ordered injunction could “unbundle” commissions nationally by early 2024, eliminating the longstanding practice of listing agents and sellers setting and paying buyer agent commissions. But the most frightening — or exciting? Who’s most exposed? Interesting.

Real Estate Agent 474

Real Estate Agent Real Estate Agents Brokerage 474

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 2024? drops in contract and sale prices All categories saw positive growth out of the Dec '22-Jan '23 lows Home prices for Q1 '24 into Q2 '24 in the greater Atlanta real estate market will be heavily influenced by inventory.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Will Springer Realtor

DECEMBER 5, 2023

Our state is at the forefront of improving a document that each buyer and seller receives near the start of the purchase and sale process, and for the first time, our industry will be required to have a contract with buyers. The agency term of 12 months will be the standard but buyers can agree to any length in writing.

Law 61

Law Buyers Sellers Real Estate 61

Housing Wire

FEBRUARY 26, 2024

Summary Market Leader Agent Image LabCoat Agents Coffee & Contracts Luxury Presence RealGeeks iNCOM ProspectsPLUS! Rather than pushing leads to multiple agents at once, Market Leader pairs potential buyers with the best suited agents for them, eliminating the competitive mad dash and ensuring a calmer process for everyone involved. (A

Real Estate 383

Real Estate Business Real Estate Agent Marketing 383

Housing Wire

NOVEMBER 1, 2023

I have four more that I’m in negotiations on representing buyers, and in some cases, buyers who might be interested in multiple transactions, and I think I’ll know the results of those [talks] in the next couple of weeks.” So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 437

Mortgage Loan Officers Finance Buyers 437

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion by the close of 2024.

Marketing 373

Marketing Investing Mortgage Investors 373

Housing Wire

JUNE 5, 2023

As with the rest of the country, the Chicago-area market is dealing with issues stemming from a lack of inventory , and until rates decline, it’s the first-time buyers that Lotsoff and Brok are primarily targeting for volume. billion in 2023 and expects a target production of $4 billion in 2024.

Loan Officers 379

Loan Officers Mortgage Lending Retail 379

Housing Wire

APRIL 22, 2024

On Sunday morning, Murray and Wright addressed a crowd of real estate industry executives and leaders gathered at the JW Marriot Camelback Inn, in Scottsdale, Arizona for the opening session of HousingWire’s 2024 The Gathering conference. My advice is to start simple.

Brokerage 367

Brokerage Real Estate Agents Sellers 367

Housing Wire

NOVEMBER 2, 2023

The program is designed to help agents connect with buyers, improve their brand recognition and convert leads into clients. However, Market Leader may not be ideal for larger teams or those looking for more customization.

Real Estate 381

Real Estate Real Estate Agent Tools Agents 381

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. Eligibility for DPA programs is determined by multiple factors, including household income and credit scores.

Mortgage 445

Mortgage Buyers Loan Officers Sellers 445

Housing Wire

APRIL 20, 2022

Home buyers have also seen their purchasing power erode, all while home prices keep rising. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 5.20% from 5.13%, with points increasing slightly to 0.66 trillion in 2022, followed by gains of 3% in 2023 and 4% in 2024.

Mortgage 406

Mortgage Contracts Buyers 406

Housing Wire

JANUARY 12, 2024

The best real estate CRM solution is the one that will manage your client interactions, increase the number of touchpoints with each client, and convert leads seamlessly into buyers and sellers. Below, we take a deep dive into the best real estate CRM solutions for solo agents, teams and brokerages.

Real Estate 433

Real Estate Real Estate Agent Tools Agents 433