Housing Wire

NOVEMBER 1, 2023

The newly-updated Fannie Mae November Selling Guide now bars job offers or contracts for future employment from family members or interested parties involved in a transaction. “We The update also includes new general lender requirements regarding staffing, training and policies to maintain seller and/or servicer eligibility.

Contracts 431

Contracts Training Sellers Mortgage 431

Housing Wire

MARCH 28, 2024

In November 2023, Wood indicated that the trial would take place in the fourth quarter of 2024 , but the status report findings appear to change the timeline. The class encompasses home sellers across 20 local MLSs. District Court Northern District of Illinois Eastern Division before Judge Andrea R. Damages in the suit could reach $13.7

Real Estate Agent 408

Real Estate Agent Realtors Real Estate Sellers 408

Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan.

Buyers 479

Buyers Contracts Real Estate Agents 479

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. annually in February 2024. NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January. On a year-over-year basis, pending sales were down 7%. On a year-over-year basis, all four U.S.

Inventory 458

Inventory Realtors Contracts Sellers 458

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 65

Sellers Realtors Buyers Inventory 65

Housing Wire

MARCH 27, 2024

HomeServices of America first filed its motion to decertify the class in early January 2024. Through careful analysis, Dr. Schulman explained that commission rates were uniformly high because of the cooperative compensation rule, without which a seller would not pay the commission of the buyer’s broker.”

Law 416

Law Sellers Realtors Contracts 416

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 432

Sellers Buyers Real Estate Contracts 432

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Use AI-powered lead generdation to identify high-priority sellers. Enhance your brand with custom landing pages designed to convert real estate seller leads.

Advertising 421

Advertising Tools Real Estate Sellers 421

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers.

Real Estate Agent 449

Real Estate Agent Real Estate Buyers Agents 449

Housing Wire

APRIL 24, 2024

Individual users can upgrade Pro + Leads plan to benefit from completely done-for-you social media ads, or the Pro + Farming plan to benefit from Top Producer’s predictive analytics to find likely sellers in your area. All the packages listed can be customized.

Real Estate 396

Real Estate Clients Tools Contracts 396

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 395

Real Estate Real Estate Agent Law Brokerage 395

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 420

Real Estate Realtors Real Estate Agent Law 420

Housing Wire

APRIL 5, 2024

The date for the final approval hearing for the settlement agreements in this suit is set for May 9, 2024. Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees.

Brokerage 415

Brokerage Sellers Law Contracts 415

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 408

Agents Realtors Clients Real Estate Agent 408

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. Nearly six months later, Murray stands by this assertion. “If

Sellers 421

Sellers Buyers Real Estate Agents 421

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 417

Brokerage Real Estate Agents Sellers 417

Housing Wire

FEBRUARY 14, 2024

How do you convince the sellers of $15 million homes to work with you? 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.

Real Estate Agent 418

Real Estate Agent Real Estate Agents Luxury Properties 418

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. That was a problem for sellers of loans. They crested near 7.6% at the end of April, according to HousingWire ’s Mortgage Rates Center.

Marketing 382

Marketing Mortgage Investors Sellers 382

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 409

Real Estate Clients Real Estate Agent Agents 409

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

Real Estate 397

Real Estate Real Estate Agent Tools Agents 397

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising. That’s up 2.4%

Sellers 485

Sellers Marketing Inventory Contracts 485

Housing Wire

NOVEMBER 2, 2023

Using analytics, it identifies potential sellers and prompts them to explore their home’s value on HousingNow.com, where leads must provide information to view listings. However, Market Leader may not be ideal for larger teams or those looking for more customization.

Real Estate 417

Real Estate Real Estate Agent Tools Agents 417

Housing Wire

AUGUST 3, 2023

Opendoor has committed to deliver at least 100 basis points of contribution margin improvement by 2024, increasing the annual target range to 5% to 7%, with a goal of eventually returning to positive adjusted net income. Opendoor ended the quarter with 1,390 homes under contract for purchase, up 22% versus Q1 2023. in Q2 2023.

Inventory 365

Inventory Contracts Sellers Housing Market 365

Housing Wire

FEBRUARY 2, 2024

million in damages related to a breach of contract claim in a four-year dispute involving the companies. Spector said the expectation is for volumes in the market overall to recover in 2024, based on forecasts of interest rate reductions later this year. A legal battle impacted fourth-quarter earnings. 31, down from 829 as of Sep.

Technology 401

Technology Legal Mortgage Contracts 401

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

Housing Wire

FEBRUARY 20, 2024

The legislation generally prohibits a residential home seller from (1) conditioning the sale on the potential buyer waiving or limiting an inspection; or (2) accepting an offer if they have been informed in advance that the prospective buyer intends to waive their right to an inspection,” the Connecticut research report states. “And

Inspection 409

Inspection Real Estate Agent Real Estate Insurance 409

Housing Wire

FEBRUARY 26, 2024

Summary Market Leader Agent Image LabCoat Agents Coffee & Contracts Luxury Presence RealGeeks iNCOM ProspectsPLUS! per month plus $249.95 setup fee Jump to Details ↓ Visit iNCOM Best for direct mail marketing ProspectsPLUS! From $0.91 per postcard Jump to Details ↓ Visit ProspectsPLUS! per month plus $249.95 per month plus $249.95

Real Estate 413

Real Estate Business Real Estate Agent Marketing 413

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. About 40% of respondents said they thought a 2.5% If 1 million agents disappear?

Real Estate Agent 479

Real Estate Agent Real Estate Agents Brokerage 479

Housing Wire

NOVEMBER 1, 2023

Hale added: “I’ll bet you a dinner that by February [2024], those [LO] numbers are down by 20,000 to 25,000 from where they are now because [NMLS license] renewals in all the states happen at the end of the year. So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. There are still far fewer sellers each week than in the pre-pandemic era.

Sellers 458

Sellers Marketing Inventory Contracts 458

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 449

Real Estate Real Estate Agent Tools Agents 449

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 383

Marketing Investing Mortgage Investors 383

Housing Wire

FEBRUARY 15, 2024

In a lot of cases, the seller is not going to wait 45 to 60 days when they have an offer on a 30-day contract,” said Adrian Gastelum, a senior vice president and branch manager at Nova Home Loans. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

Agents 397

Agents Buyers Loan Officers Real Estate 397

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. A few more sellers appear to be braving the market each week. There’s nothing bullish on the horizon for home prices in 2024. We had 52,000 new pending sales this week. We had 52,000 new pending sales this week.

New Listings 496

New Listings Contracts Inventory Housing Market 496

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. New pendings We’ve been sharing how the sales rate has been trying to expand for 2024. And sure enough the number of new contracts started this week dipped. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices.

Sellers 440

Sellers Inventory New Listings Contracts 440