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Zillow believes the evolution of the industry will only help it grow

Housing Wire

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” Barton also touched upon the terms of NAR’s settlement agreement.

Agents 372
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Top 8 Must-Read Negotiation Books for Real Estate Agents

McKissock

To help you out, we’ve put together a list of the eight best negotiation books for real estate agents. Top 8 Books to Sharpen Your Negotiation Skills. In this book, David Sally delivers the proven, clear, actionable insights you need to stay competitive in an ever-changing marketplace. By David Sally. By Chris Voss and Tahl Raz.

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Opendoor delivers profitability, buys 2,680 homes in Q2

Housing Wire

“As of quarter end, 99% of the homes we made offers on between March and June of last year were sold or under resale contract and our new book of inventory is generating positive unit economics in what continues to be an uncertain time in the U.S. housing market,” Wheeler said.

Inventory 344
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Redfin: Selling your home? List it midweek

Housing Wire

That’s especially important during the pandemic, when it’s more likely that buyers and their agents are required to book individual appointments to tour homes, she said. “Sellers shouldn’t overprice their homes, even if most homes in their area are selling for higher than their asking price,” she said.

Sellers 410
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Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 374
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Existing home sales data shows extent of housing inflation

Housing Wire

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.” million to 1.28

Inventory 456
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Loan-repurchase risk threatens future M&A deals

Housing Wire

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 372