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More first-time buyers rely on mortgage rate buydowns to afford homes

Housing Wire

According to HomeLight ‘s Top Agent Insights report released this week, real estate agents are feeling this and are being forced to switch up tactics to attract buyers. Agents reported that 27% of first-timer buyers requested mortgage rate buydowns from sellers. 30 and Nov.

Buyers 475
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Buyers still expect sellers to cover agent compensation

Housing Wire

Overall, 83% of agents said their buyers still expect sellers to cover 100% of buyer agent commissions, while 10% said their buyers expect sellers to cover at least a portion of their agent’s fees. More than half (55%) of agents surveyed reported that sellers who do offer buy-side compensation are offering 2.5%

Sellers 511
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Here’s what buyers and sellers want from their real estate agent

Housing Wire

The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. Help negotiating with buyers registered at just 13%.

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Pending home sales rise again as buyers capitalize on more inventory

Housing Wire

“Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years. ” Housing industry experts attribute the recent increases in pending home sales to a shift in buyer attitudes about mortgage rates.

Inventory 435
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time.

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Making offers of buyer broker compensation is a tricky puzzle to solve

Housing Wire

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. O’Koniewski said this can sometimes make the buyer’s offer more attractive.

Buyers 468
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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

Although the decision is ultimately highly personal and based on a buyer’s budget, needs, and preferences, there are a few things agents need to consider to help them make the best decisions. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.