Housing Wire

APRIL 1, 2024

We do see this as a new asset class in the real estate ecosystem and we see it as complementary to traditional debt options that exist today,” Burnett said. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In

Finance 441

Finance Investing Real Estate Agent Real Estate 441

Housing Wire

MARCH 27, 2024

With the settlement, NAR agreed to abolish its “Participation Rule” that required listing agents to make an offer of compensation to buyer brokers. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. VA loans are probably the best loans on the market.

Buyers 450

Buyers Real Estate Agent Inventory Real Estate 450

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. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. According to the brokerage, 6.5%

Sellers 508

Sellers Buyers Inventory Real Estate Agent 508

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Loan Officers 421

Housing Wire

AUGUST 14, 2023

In some scenarios, if a prospective buyer can carry a more expensive rate, they may secure a home at a lower price, and then aim to refinance when rates have improved. However, for some, higher interest rates can bring home prices down just enough to account for the added cost of a higher interest rate. Keep the door open.

Real Estate Agent 367

Real Estate Agent Real Estate Clients Agents 367

Housing Wire

FEBRUARY 22, 2024

The Cleveland -based retail mortgage lender unveiled CCM CashPlus to help buyers gain an edge in the bidding process by turning preapprovals into cash offers. CashPlus has no appraisal or financing contingencies. The product is limited to conventional loans, primary residences and buyers who are represented by a real estate agent. “In

Mortgage 408

Mortgage Real Estate Agent Retail New Listings 408

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. NAR also sent a letter to the U.S.

Real Estate Agent 450

Real Estate Agent Sellers Buyers Agents 450

Housing Wire

JULY 16, 2021

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. “I just sold a $700,000 home to a cash buyer last week. That’s often good news for financed buyers because it means fewer bids to compete with.”

Buyers 545

Buyers Real Estate Agent Real Estate Housing Market 545

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? billion in Missouri alone.

Clients 432

Clients Agents Buyers Sellers 432

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. If they work with a Rocket Homes partner agent, they’d receive nearly $5,000 toward their closing costs. (To

Agents 397

Agents Buyers Real Estate Agent Mortgage 397

Housing Wire

MARCH 12, 2024

While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP. Interest rates and rising prices were barriers to Hispanic homeownership in 2023.

Real Estate Agent 458

Real Estate Agent Real Estate Buyers Realty 458

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Agents 397

Agents Buyers Loan Officers Real Estate 397

Housing Wire

APRIL 25, 2023

The program is available for buyers who met the requirements and are purchasing a home in countries across 10 metropolitan areas. For Rocket Pro TPO, home sellers or real estate agents funded the program for borrowers. “We’re

Buyers 370

Buyers Finance Real Estate Agent Government 370

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer.

Sellers 432

Sellers Real Estate Agent Loan Officers Mortgage 432

Housing Wire

FEBRUARY 24, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. HW: How has the financial industry’s response to COVID accelerated the need for digital tools?

Real Estate Agent 363

Real Estate Agent Real Estate Agents Loan Officers 363

Housing Wire

APRIL 3, 2024

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

Sellers 431

Sellers Buyers Agents Real Estate Agent 431

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. debt-to-income requirements) instead of requiring substantive changes to the real estate process.

Buyers 421

Buyers Loan Officers Real Estate Agent Agents 421

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. In fact, Austin has just about 1.2

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. Homelight surveyed real estate agents who found ADU ROIs to be neutral to negative, depending on the location. But the pandemic is now over and interest rates are way up. So, what’s happening with ADUs now?

Buyers 384

Buyers Real Estate Construction Finance 384

Housing Wire

MAY 1, 2024

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.” million real estate license holders, many handle only one or two transactions a year. Of the approximately 1.5

Agents 433

Agents Real Estate Contracts Real Estate Agent 433

Inman

MAY 23, 2023

A new survey conducted by Zillow suggests there are opportunities for real estate agents and companies that provide information and make lending more user friendly.

Agents 148

Agents Real Estate Agent Finance Buyers 148

Inman

MARCH 28, 2024

As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers.

Real Estate Agent 190

Real Estate Agent Real Estate Agents Mortgage 190

Housing Wire

FEBRUARY 6, 2024

home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

Real Estate Agent 431

Real Estate Agent Real Estate Sellers Buyers 431

Housing Wire

MARCH 25, 2024

NAR’s settlement, which could go into effect as early as July, will eliminate the long-standing “Participation Rule” that requires listing agents to make an offer of cooperative compensation to buyers’ agents. Under the current system, the buyer agent’s commission is baked into the price paid for a home.

Agents 441

Agents Real Estate Agent Real Estate Buyers 441

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. Listing brokers make offers of compensation to buyer brokers who bring a buyer to the table. And if those same consumers had to go it alone without buyer representation?

Real Estate Agent 466

Real Estate Agent Real Estate Realtors Buyers 466

Housing Wire

APRIL 10, 2024

Stefani Berkin, president of R New York and one of the 35 founding members of the American Real Estate Association’s advisory board, expressed her optimism regarding the organization’s potential to outpace NAR in advocating for and educating agents across the nation. So why should agents have this requirement?”

Real Estate Agent 458

Real Estate Agent Real Estate Agents Legal 458

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. How interest rates impact your clients Let’s look at how interest rates can impact buyers, sellers or homeowners looking to refinance.

Real Estate 441

Real Estate Agents Marketing Sellers 441

Housing Wire

FEBRUARY 22, 2023

The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. By strengthening your relationships with agents you’ve worked with in the past, you can be their first choice for a referral.

Real Estate 429

Real Estate Real Estate Agent Loan Officers Agents 429

Housing Wire

DECEMBER 1, 2023

In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” In mid-October, REBNY announced changes to its rules , including a rule preventing listing agents from paying or offering to pay buyers’ agents compensation.

Real Estate Agent 409

Real Estate Agent Real Estate Agents Brokerage 409

Appraisal Buzz

APRIL 30, 2024

With the downturn in home sales, the challenges are multifaceted: Homeowners are holding onto low-interest rate mortgages instead of moving up, investors edging out traditional buyers with cash offers and first-time homebuyers facing steep affordability hurdles and bidding wars. That presents a unique challenge as well as an opportunity.

Marketing 195

Marketing Real Estate Agent Renovations Buyers 195

Birmingham Appraisal

JUNE 21, 2023

Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for real estate agents to navigate the appraisal process effectively.

Real Estate Agent 75

Real Estate Agent Real Estate Agents Appraisal 75

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Top 10 ways to get homebuyers to work with you 1.

Clients 431

Clients Real Estate Inspection Buyers 431

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

Real Estate 441

Real Estate Realtors Realty Brokerage 441

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” “We focus more on manufactured home financing and new-construction home financing instead of maybe fighting against some of those headwinds of a more competitive inventory environment,” Guerin said.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

Housing Wire

JANUARY 12, 2024

To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. in mid-2022. In the third quarter of 2023, 88.5%

Real Estate Agent 473

Real Estate Agent Sellers Inventory Mortgage 473

Housing Wire

FEBRUARY 12, 2024

District Court in Utah, accusing real estate industry players of colluding to artificially inflate real estate agent commissions. 9, 2020, and the present, and paid a buyer broker commission. Buyer brokers would thus have to compete with one another by offering a lower commission rate.

Real Estate 441

Real Estate Real Estate Agent Realtors Buyers 441