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Majority of recent homebuyers have regrets: survey

Housing Wire

We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. Even after navigating the climate of higher mortgage rates and a dearth of available listings, 82% of recent buyers had regrets about their purchase, Clever reported.

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Buydowns become key for buyers to beat the market

Housing Wire

What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. in the second year.

Buyers 469
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Stakes are high as first buyer broker commission lawsuit goes to trial today

Housing Wire

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 454
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Opinion: There is a crucial need for real estate cybersecurity

Housing Wire

Real estate professionals handle a plethora of personal data from buyers and sellers, making them enticing targets for cyber threats. A breach not only leads to financial losses, but it also damages trust between agents and clients, tarnishing hard-earned reputations. Michael Lucarelli is the CEO and co-founder of RentSpree.

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Panic! at the brokerage: Industry leaders plan next steps after NAR settlement

Housing Wire

Honing new skills With the settlement agreement including terms like a mandatory buyer agency agreement and a ban on displaying offers of cooperative compensation via listings on the MLS, it is understandable that some agents would like more guidance from NAR on what these terms will look like in practice. More off-MLS listings?

Brokerage 417
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Q1 2024 BrokerPulse: Leaders predict flat home prices, lower interest rates

Housing Wire

Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. Brokers turn to robust agent training According to our survey, brokerage leaders aren’t sitting around waiting for change to occur. The defendants have been ordered to pay damages of $1.78

Brokerage 415
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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

This is a dramatic and peculiar stance, given that same company a couple of years ago launched a $1 million annual advertising campaign touting a 1% listing fee, but only if the seller turned into a buyer for them. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid?

Agents 406