Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. This diversity allows for a comprehensive understanding of the market dynamics.

Real Estate 441

Real Estate Housing Market Real Estate Agent Marketing 441

Housing Wire

APRIL 24, 2024

Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I Through this, Saunders said, consumers began to realize the importance of staging, photography and online marketing.

Brokerage 430

Brokerage Legal Fees Real Estate Agents 430

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. The VA said it will develop a more permanent policy “as the real estate brokerage market restabilizes and new practices take hold.”

Buyers 521

Buyers Real Estate Real Estate Agent Brokerage 521

Housing Wire

APRIL 22, 2024

With home sales still at historically low levels and uncertainty over the commission lawsuits , real estate brokerage executives prize good leads more than ever. To convert these leads into business, the brokerage developed teams — also called units — headed by captains who are successful agents with high lead conversion rates.

Brokerage 429

Brokerage Real Estate Realtors Real Estate Agent 429

Housing Wire

AUGUST 2, 2024

But when it comes to the financial performance of their brokerages, industry analysts don’t believe the changes will be the end-all, be-all. “It There remains a good deal of uncertainty around the timeline of changes unfolding and what market practices will ultimately look like.” 17 — are top of mind. Tomasello asked. ”In

Brokerage 430

Brokerage Business Agents Buyers 430

Housing Wire

AUGUST 7, 2024

The motions filed by Compass , eXp World Holdings , Redfin , Weichert Realtors and United Real Estate claim that the homebuyer plaintiffs are simply trying “to parrot the allegations they made in an amended complaint,” which was filed in the Batton 1 suit that consists of the same plaintiffs but a different group of brokerage defendants.

Brokerage 428

Brokerage Realtors Real Estate Buyers 428

Housing Wire

AUGUST 23, 2024

In the newest episode of the RealTrending podcast , host Tracey Velt chats with Ryan Michaelis, chief growth strategist at Worth Clark Realty , about business growth through recruitment, flat-fee models for agents and the effects of the National Association of Realtors ’ (NAR) settlement on buyers and sellers across the industry.

Brokerage 417

Brokerage Property Management Agents Real Estate 417

Housing Wire

AUGUST 5, 2024

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation.

Sellers 451

Sellers Buyers Agents Advertising 451

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. It is no secret that many first-time homebuyers are struggling.

Marketing 430

Marketing Real Estate Sellers Buyers 430

Housing Wire

AUGUST 26, 2024

This was in stark contrast to three other market segments that posted declines in the number of pending sales compared to July 2023. Additionally, price growth for starter homes — which are defined as properties valued among the bottom 35% of local markets — was slower than for other segments. Sale prices for starter homes rose 4.2%

Buyers 430

Buyers Inventory Marketing Contracts 430

Housing Wire

JULY 24, 2024

Real estate companies are using artificial intelligence (AI) to improve agent productivity, which they believe will be even more necessary due to changes to their commission structure — mainly on the buyer’s side. ” “This is just the beginning,” Heriyanto said.

Agents 451

Agents Brokerage Real Estate Agent Real Estate 451

Housing Wire

SEPTEMBER 30, 2024

The national real estate brokerage analyzed household income levels and monthly housing payments to calculate its affordability metric. Buyers in August 2024 needed to earn $77,000 per year to afford a median-priced starter home of $250,000. When comparing income to the cost of monthly mortgage payments, the typical buyer now earns 8.9%

Buyers 460

Buyers Real Estate Mortgage Brokerage 460

Appraisal Buzz

JUNE 28, 2024

But a new study recently released by AccountTECH, an accounting software provider for the real estate industry, shows that virtually all brokerages across the U.S. will become unprofitable once the market changes from the NAR settlement go into effect. If that number rises to 2.5%, 60% of brokerages become unprofitable.

Brokerage 354

Brokerage Real Estate Agents Real Estate Agent 354

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 417

Brokerage Technology Agents Training 417

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. NAR has also advocated for the VA to change its rule around buyer broker compensation.

Buyers 521

Buyers Agents Real Estate Agent Real Estate 521

Appraisal Buzz

SEPTEMBER 9, 2024

Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points. While fee negotiations have not changed at all in some markets, they are growing more usual in some.

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.

Buyers 475

Buyers Open Houses Sellers Agents 475

Housing Wire

DECEMBER 8, 2023

Central to the complaint is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer brokers in order to list a property on the MLS. “By By enforcing this mandate, the NAR establishes an anticompetitive market where sellers are coerced into subsidizing the buyer’s costs.

Brokerage 441

Brokerage Realty Real Estate Agent Real Estate 441

Housing Wire

AUGUST 12, 2024

Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. is wondering what took them all so long to make the switch.

Brokerage 430

Brokerage Agents Sellers Buyers 430

Housing Wire

OCTOBER 18, 2024

I’m in New York and I know the real estate market here is very, very different than it is outside of Pittsburgh, or in Ohio, or in Missouri. The first maxim of real estate is that all real estate is local,” Gringer said. And so, you can’t look at a few counties in Missouri and extrapolate a national practice.”

Brokerage 417

Brokerage Real Estate Law Realtors 417

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. The brokerage posted revenue of $225.5 Redfin’s brokerage revenue hovered around $125 million, up 5% from a year ago. Redfin’s brokerage revenue hovered around $125 million, up 5% from a year ago.

Marketing 455

Marketing Brokerage Advertising Agents 455

Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

Agents 467

Agents Marketing Sellers Buyers 467

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 509

Buyers Agents Mortgage Real Estate Agent 509

Housing Wire

MARCH 20, 2024

Like with most things in life, real estate brokerages come in a variety of shapes and size, from white-glove service firms to discount brokerages to flat-fee firms that offer al a carte services. In the scenario where the best agents take more market share, you have to think about where those agents sit today,” Bhonsle said.

Brokerage 460

Brokerage Agents Realtors Real Estate 460

Housing Wire

SEPTEMBER 13, 2024

Ryan Serhant and his brokerage SERHANT. HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming in the industry following the commision settlement by the National Association of Realtors (NAR). At this point, we’ve gained, I think, 1.3

Brokerage 416

Brokerage Real Estate Agent Agents Real Estate 416

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. Anywhere will eliminate any minimum client commission requirements that company owned brokerages may have.

Buyers 441

Buyers Brokerage Agents Sellers 441

Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Our brokerage is unique,” Michael Gifford told HousingWire. “It’s He observes that the company is betting on a reasonably quick sale, at an increased price, drawing from the “ever rising market” theory.

Brokerage 417

Brokerage Real Estate Investing Sellers 417

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 488

Real Estate Buyers Agents Sellers 488

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 482

Buyers Marketing Sellers Loan Officers 482

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 450

Brokerage Real Estate Agents Sellers 450

Appraisal Buzz

JULY 30, 2024

The small decline in year-over-year transaction volumes last month hasn’t dampened agents’ enthusiasm, per the June 2024 Agent Survey by The Real Brokerage Inc. We are hopeful that potential lower rates in the near future could help ease the affordability challenges many buyers face,” said Tamir Poleg, Chairman and CEO of Real. “At

Agents 418

Agents Marketing Clients Buyers 418

Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. This places Miami among the top-tier real estate markets in the country, attracting both local and international buyers and driving intense competition among real estate agents. As of Sept.

Real Estate 456

Real Estate Agents Marketing Real Estate Agent 456

Appraisal Buzz

AUGUST 9, 2024

According to a recent study from Redfin , the technology-powered real estate brokerage, mortgage rates fell to a daily average of 6.34% on August 5, the lowest level since April 2023. Now a lot of those buyers want to get in now, before rates get too low and cause more competition,” said Redfin Premier agent Shoshana Godwin.

Buyers 370

Buyers Real Estate New Listings Brokerage 370

Housing Wire

FEBRUARY 8, 2023

Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. That changes now,” Homelendia CEO Frank Chimento said in a press release.

Brokerage 370

Brokerage Mortgage Training Lending 370

Housing Wire

MARCH 22, 2024

I’m sharing a transformative announcement with you today, one that marks a new era for RealTrends and propels forward the vision of bringing transparency to what it means to be a top-performing real estate brokerage, team or agent. You market your brand and business online. Your home sellers and buyers research you online.

Brokerage 430

Brokerage Real Estate Agents Sellers 430

Housing Wire

AUGUST 6, 2024

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down. Kelman’s cheeky zingers aside, Redfin is in the same position as a lot of brokerages that are struggling with fewer transactions and a frozen market.

Housing Market 475

Housing Market Marketing Brokerage Agents 475

Inman

AUGUST 26, 2024

The Florida-based brokerage's buyer-focused marketing and educational resources are made for agents in need of assistance as they pitch buyer representation services, executives told Inman.

Buyers 195

Buyers Agents Clients Tools 195