Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. 186 spot on the Inc. 186 spot on the Inc.

Brokerage 369

Brokerage Real Estate Realty Real Estate Agent 369

Housing Wire

APRIL 7, 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. ” Duncan added that home sellers are citing high home prices and tight inventory as primary reasons why it’s a good time to sell.

Sellers 506

Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6%

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research.

Sellers 499

Sellers Buyers Inventory Real Estate Agent 499

Housing Wire

JULY 20, 2023

Set the appointment To make a strong first impression with potential sellers, avoid overwhelming them with too many questions upfront. Teamwork Joining a brokerage or team can be a game-changer for securing listings. Here are five strategies I consider highly valuable for securing listings. Instead, focus on scheduling an appointment.

Housing Market 363

Housing Market Marketing Real Estate Client Relationships 363

Housing Wire

SEPTEMBER 19, 2023

This “higher for longer” conventional wisdom is working its way through the housing market. It shows obvious slowing demand, but is also a reflection of the fact that most of the year we had more buyers than sellers of residential real estate. There’s a lot of signal in the local markets too. and imagining 5.5%

Housing Market 420

Housing Market Marketing Inventory New Listings 420

Housing Wire

APRIL 23, 2024

a brokerage that lists and markets properties for sellers, allowing them to decide if they wish to compensate the buyer’s broker. I’m simply stating that in this new world, you have to be thinking about how you are going to look at how market conditions are going to dictate that.” O’Koniewski said.

Brokerage 306

Brokerage Sellers Buyers Agents 306

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022.

Housing Market 341

Housing Market Marketing Construction Real Estate 341

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. Title firms collecting and making use of advanced analytics and proprietary technologies can provide invaluable insights into housing market trends, property valuations, and risk assessment.

Brokerage 379

Brokerage Real Estate Investors Development 379

Housing Wire

MAY 14, 2024

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. Some brokerages have already announced their intention to better illustrate the value of agents to clients.

Real Estate Agent 456

Real Estate Agent Agents Real Estate Buyers 456

Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. Treble damages could result in the NAR and brokerages paying roughly $5.36

Brokerage 383

Brokerage Real Estate Training Buyers 383

Housing Wire

OCTOBER 7, 2022

Williams IV, founder and CEO of Percy.ai, about what housing professionals can do to improve their deal flow despite the turbulence of the current housing market, and how investing in valuable data insights could be the key to success. . HousingWire recently spoke with Charles J.

Housing Market 344

Housing Market Real Estate Agent Marketing Real Estate 344

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. Our brokerage sales initiatives are working,” Kelman said in a statement.

Marketing 341

Marketing Brokerage Advertising Agents 341

Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). This is essentially the home price that a willing homebuyer would pay a seller. First and foremost, it is important to understand that in brokerage M&A there is virtually no such thing as an all-cash-at-close deal.

Sellers 383

Sellers Buyers Brokerage Agents 383

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. Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

OCTOBER 3, 2023

“Empowering the nearly 90,000 trusted eXp Realty agents at America’s largest independent brokerage with on-demand, integrated access to an Opendoor cash offer will empower their millions of clients,” Nick Boniakowski, Opendoor’s head of agent partnerships, said in a statement.

Realty 408

Realty Brokerage Agents Clients 408

Housing Wire

MARCH 20, 2024

In every housing market , there is a wide variety of fees just as there are levels of marketing, service and competence. False: The NAR settlement will, for the first time, allow sellers to no longer pay compensation for an agent bringing the buyer.

Sellers 450

Sellers Real Estate Realtors Realty 450

Housing Wire

OCTOBER 21, 2020

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents. Lovern was actually on maternity leave at that time when open houses and contracts were paused. “In

Housing Market 545

Housing Market Marketing Real Estate Agent Real Estate 545

Housing Wire

APRIL 1, 2024

“Our goal is to provide New Hampshire Realtors with the tools they need to be information leaders in the industry, and HousingWire offers the very best housing news, data and research available,” said 2024 NHAR President Joanie McIntire. Because housing is too important for narrow perspectives and missed connections.

Realtors 378

Realtors Brokerage Tools Inventory 378

Housing Wire

DECEMBER 15, 2020

Forbes launched a luxury home listing platform which the company says will capitalize on its audience and “connect, inform, and inspire high-net-worth potential homebuyers and sellers” about properties for sale around the world. Forbes Global Properties is owned and run by brokerages, with a Forbes ownership stake.

Brokerage 369

Brokerage Real Estate Housing Market Sellers 369

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. ” What’s at stake?

Buyers 449

Buyers Brokerage Agents Realtors 449

Housing Wire

OCTOBER 3, 2023

“We are doubling down that all fiduciary relationships with buyers and sellers be in writing and that sellers understand their rights regarding commissions,” said a Keller Williams Real Estate leader in the Northeast. Of course, as in all markets, recruiting and retaining agents are top mentions when asked about priorities.

Real Estate 354

Real Estate Brokerage Agents Training 354

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. They may buy directly from a seller, whether that seller is represented by an agent or not. Consumers have had lots of choices in brokerage services, including those with lower costs, but they have chosen not to use them in any meaningful way.

Real Estate Agent 420

Real Estate Agent Real Estate Brokerage Agents 420

Miller Samuel

JUNE 28, 2020

Keeping Housing Market Results From The Public Is Never Justified: An Expansive View. When the Covid-19 crisis began halfway through March, the Manhattan housing market was placed on “pause,” as were many housing markets around the country. Days on market during Covid-19. Only sellers matter?

Housing Market 221

Housing Market Marketing Real Estate Sellers 221

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

AUGUST 4, 2023

Amid a difficult housing market, transaction sides declined 9% to 137,199. As such: “We are optimistic that lower mortgage rates will unleash significant pent-up demand as affordability improves and buyers can once again meet seller price objectives.” million in Q2 2023, according to the official statement.

Realty 334

Realty Brokerage Agents Real Estate 334

Housing Wire

FEBRUARY 27, 2024

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year. Compass attributed some of these struggles to the slower housing market of 2023, which saw Compass close 178,848 transactions, down 15.5%

Agents 346

Agents Brokerage Buyers Training 346

Inman

SEPTEMBER 12, 2023

Goldman Sachs economist Michael Murdoch criticized the Federal Reserve's rate strategy at Ben Kinney Companies' BuiltHOW conference on Tuesday and shared how upcoming policies could impact the 2024 housing market.

Sellers 164

Sellers Buyers Housing Market Marketing 164

Housing Wire

FEBRUARY 8, 2024

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. Across the state, as of Feb.

Inventory 390

Inventory Agents Housing Market Luxury Properties 390

Housing Wire

FEBRUARY 28, 2021

Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates. And with this housing boom will come even more questions from homeowners who want to know their housing options. Many real estate professionals discount the seller lead. Ashley Terrell, EVP, Partnerships.

Real Estate 410

Real Estate Brokerage Valuation Clients 410

Housing Wire

OCTOBER 3, 2023

1 brokerage by transaction side count announced the launch of eXp Exclusives , which will be open to eXp agents and their clients in the U.S. Through eXp Exclusives, participants will be able to share off-market and pre-market listings with other eXp agents and their clients through a mobile app. “But and Canada.

Realty 408

Realty Clients Agents Tenants 408

Housing Wire

AUGUST 2, 2023

With the resilient but still slower housing market conditions of the second quarter of 2023, Zillow reported that traffic to its apps and site was at 226 million average monthly unique users, down from 234 million a year ago. Barton also touched on its fabled “ housing super app.”

Agents 360

Agents Finance Sellers Housing Market 360

Housing Wire

MAY 30, 2024

home sellers cut their asking prices during the four-week period ending May 26. The national real estate brokerage reported that the median asking price in the past week was $416,623, a weekly decline of about $3,000 and the first pullback in six months. A report released Thursday by Redfin showed that 6.4%

Renovations 388

Renovations Buyers Real Estate Mortgage 388

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. Despite these obvious signs of a slowing market, Redfin states that it is in line with the typical seasonal decline.

Buyers 430

Buyers Inventory Real Estate Agent Agents 430

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 471

Real Estate Buyers Agents Sellers 471

Housing Wire

MAY 17, 2023

They’re actually disincentivized given that they’d face a housing market where home prices are 36% higher than they were pre-pandemic and the cost of financing is up significantly. It seems increasingly likely that the COVID refi boom will prove to be the most consequential event in housing in modern American history.

Inventory 363

Inventory Sellers Modernization Mortgage 363