Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market. Homeowners want to picture themselves living in a clean, fresh home.

Home Improvement 458

Home Improvement Real Estate Agent Sellers Real Estate 458

Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. You are being accused of not being transparent. “If

Buyers 421

Buyers Agents Real Estate Agent Clients 421

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 450

Real Estate Agent Real Estate Buyers Agents 450

Housing Wire

JANUARY 24, 2024

What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? So do buyer’s credit scores , ratios and down payment funds. Has the seller recently corrected negative feedback?

Buyers 450

Buyers Sellers Agents Counter Offer 450

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

Real Estate 421

Real Estate Sellers Real Estate Agent Tools 421

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Builders don’t all pay the same buyer-side commissions; some don’t pay any buyer-side commissions. So how do you provide overwhelming value to your buyer clients? For Sale By Owners are the same. Be a matchmaker.

Clients 432

Clients Buyers Real Estate Agent Real Estate 432

Housing Wire

NOVEMBER 9, 2020

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Presented by: VRM Mortgage Services. But that does still leave an estimated 11.1

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Sellers 410

Sellers Mortgage Technology Buyers 410

Housing Wire

JULY 17, 2023

Buyers and sellers alike must learn to navigate these uncharted waters. Buyers aren’t willing to value companies at that level in this market, nor should they. Less cash up front Every seller would love a duffle bag of cash dropped on their desk. At the end of the day, sellers want to sell, and buyers want to buy.

Real Estate 370

Real Estate Buyers Sellers Brokerage 370

Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. In fact, the U.S.

Buyers 491

Buyers Realtors Agents Real Estate 491

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. Presented by: Propertybase. The post Home sellers are feeling good about 2021 appeared first on HousingWire.

Sellers 512

Sellers Real Estate Agent Real Estate Loan Officers 512

Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. Lutz’s attorneys wrote that this has “led to higher home prices paid by buyers.” 1, 1996, and the present. “

Sellers 431

Sellers Realtors Real Estate Agent Real Estate 431

Housing Wire

OCTOBER 7, 2020

August’s HPSI survey revealed both a confident seller’s and buyer’s market, however, Fannie Mae reported September buyers showing more hesitancy. Despite real estate agents reporting record numbers, buyer morale fell 5% with 54% of respondents saying it is a good time to buy a home. Presented by: NAMB. As of Oct.

Sellers 537

Sellers Real Estate Agent Buyers Design 537

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. million, respectively.

Buyers 458

Buyers Brokerage Agents Realtors 458

Housing Wire

NOVEMBER 3, 2023

eXp World Holdings executives did not mention the Sitzer/Burnett verdict in their third quarter earnings presentation on Thursday, but analysts wanted to hear their thoughts on the potential implications.

Buyers 410

Buyers Realty Real Estate Realtors 410

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 441

Agents Advertising Real Estate Buyers 441

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Inman

OCTOBER 12, 2023

Today's real estate market can present an intimidating and emotional challenge to hopeful buyers and sellers. Mauricio Umansky shares strategies for helping educate and reassure them so that they can get their needs met.

Buyers 176

Buyers Real Estate Sellers Marketing 176

Housing Wire

NOVEMBER 27, 2023

On Wednesday, home seller plaintiffs in northern Georgia filed a class-action antitrust lawsuit accusing real estate industry players of colluding to artificially inflate real estate agent commissions. The plaintiffs also take issue with the buyer’s alleged inability to negotiate their agent’s commission. 22, 2019, and the present.

Real Estate 450

Real Estate Real Estate Agent Sellers Realty 450

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. District Court in Las Vegas by Nevada home seller Angela Boykin. This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 441

Real Estate Realtors Realty Brokerage 441

Housing Wire

OCTOBER 5, 2021

Homeowners are able to track tours and buyer feedback on their home through the Redfin Owner Dashboard. Presented by: Flueid. When an ADT outfitted home is purchased through Redfin, the buyer keeps the pre-installed smart lock, ADT security panel, and sensors, which are valued at $899. Learn more here.

Buyers 397

Buyers Agents Real Estate Technology 397

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states.

Sellers 432

Sellers Realtors Buyers Agents 432

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. 17, 2020, and the present.

Realtors 531

Realtors Brokerage Realty Real Estate 531

Housing Wire

FEBRUARY 28, 2024

It enables agents to differentiate themselves through original presentations of their brand and properties using features such as high-resolution hero images and interactive floor plans. Listing Showcase also allows agents to customize their listings to their liking to help attract more interest from buyers.

Tools 421

Tools Agents Real Estate Brokerage 421

Housing Wire

NOVEMBER 8, 2023

31, 2023, the Gibson lawsuit pits three Missouri home sellers, Don Gibson, Lauren Criss and John Meiners, against National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Its agents also offer buyer broker compensation.

Real Estate 432

Real Estate Sellers Realtors Real Estate Agent 432

Housing Wire

JANUARY 11, 2024

“Defendants’ conspiracy has artificially inflated broker commissions to a range of 5-6% of the sale price in nearly all residential real estate transactions in REBNY Brooklyn—half of which automatically goes to the Buyer Broker—an overcharge that is borne entirely by the home seller,” the complaint states. “In

Real Estate 432

Real Estate Sellers Real Estate Agent Agents 432

Housing Wire

FEBRUARY 27, 2024

Despite this assertion, Reffkin was happy to field questions about the firm’s use of buyer agency agreements during the question and answer portion of the call. He noted that the company has implemented its “largest training program” ever, which saw 20,000 agents go through training on buyer representation agreements.

Agents 421

Agents Brokerage Buyers Training 421

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

Inventory 421

Inventory Agents Real Estate Sellers 421

Housing Wire

JANUARY 16, 2024

No evidence of collusion First, according to the filings, the plaintiffs in the case presented no evidence at trial as to any collusion or conspiracy among the defendants. There was no evidence presented at the trial that excludes the possibility of independent action by any of the defendants. This court ignored all those precedents.

Agents 421

Agents Law Sellers Legal 421

Housing Wire

DECEMBER 20, 2023

The National Association of Realtors , Keller Williams and HomeServices of America , have asked judge Andrea Wood to rule on the suit based on the evidence that has been presented during the discovery period of the proceedings. After almost five years of litigation, it is clear that Keller Williams Realty, Inc.

Real Estate 420

Real Estate Sellers Realtors Brokerage 420

Housing Wire

FEBRUARY 12, 2024

On Friday, home seller plaintiff Dalton Jensen filed an antitrust lawsuit in U.S. 9, 2020, and the present, and paid a buyer broker commission. 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

Housing Wire

JANUARY 16, 2024

District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. “Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.” 15, 2020, and the present. .”

Realtors 450

Realtors Real Estate Agent Real Estate Sellers 450

Housing Wire

DECEMBER 15, 2023

This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. Once the December data for existing home sales is tallied up, 2023 could be the worst year for existing home sales seen since 2008 or since 1995, Yun said during his presentation.

Sellers 473

Sellers Buyers Mortgage Investing 473

Housing Wire

APRIL 11, 2022

Mortgage origination activity rose last month despite rapidly rising mortgage rates as prospective buyers sought to lock in their loans. As home prices surged in the sellers’ market, the average loan rose by more than 23% to just under $361,000 in March from February. Presented by: Stewart Title. during the same period.

Buyers 370

Buyers Mortgage Home Value Sellers 370

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. 8, 2019, and the present.

Realtors 450

Realtors Sellers Buyers Real Estate 450

Housing Wire

NOVEMBER 10, 2023

On Wednesday, Manhattan home seller Monty March filed a lawsuit in U.S. The 105-page complaint takes aim at a REBNY Listing Service rule called the Buyer Broker Commission Rule, which states that the brokers “shall each be paid an equal share of the commission as specified in the Exclusive Listing.” 8, 2019, and the present.

Real Estate 473

Real Estate Brokerage Sellers Law 473

Housing Wire

SEPTEMBER 30, 2022

Presented by: FormFree. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. Still the seller’s motivation is the key factor for whether to drop the price or not. Not yet anyway.

Buyers 458

Buyers Mortgage Loan Officers Retail 458