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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

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.

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RedfinNow launches in Phoenix housing market

Housing Wire

Since COVID-19 has enforced more restrictions on open houses, Redfin allows buyers to unlock the door of most RedfinNow listings via the Redfin app and self-tour seven days a week from 8 a.m. We let sellers choose their closing date, so they have the money to complete their purchase and only have to move once.”

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LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% Incentives in the Market In a higher-rate environment, temporary rate buydowns funded by sellers, lenders or builders were widely offered as an incentive for buyers. Of the 155 completed surveys, 32.3%

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Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. The pandemic definitely changed the real estate market ,” Todd Alperin, a Better Homes and Gardens Real Estate The Masiello Group agent based in Southern New Hampshire, said.

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5 steps to succeed as a real estate agent in a down market 

Housing Wire

Visibility: Making your presence known In a down housing market , it goes without saying that visibility is crucial. Read about what’s going on in the market. Share your insights about it on your stories or your statuses, offer tips for buyers and sellers and showcase your expertise.

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Price Adjustments in this New Housing Market

Lamacchia Realty

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

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3 mortgage industry trends that will define the rest of 2021

Housing Wire

The subsequent lack of inventory, coupled with the high demand, has caused buyers to compete for properties, offering incentives and prices way above the asking price. Most buyers end up making multiple offers , working with brokers over more extended periods due to increased competition.

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