Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Eppraisal

FEBRUARY 7, 2023

Whether you decide to hold it and sell when real property values climb or -- alternatively -- develop the lot to convey at a higher price, you are subject to forces of market, timing and competition. If the lot is zoned for commercial use, they do well to develop it as a retail space or other business, and later serving as the landlord.

Development 69

Development Sellers Legal Home Value 69

Housing Wire

MAY 15, 2024

That’s a swing of 17% fewer sellers in just a matter of days. Researchers developed a framework for estimating the number of home sales in 2024 based on the current levels for mortgage rates. What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade.

Mortgage 409

Mortgage New Listings Inventory Sellers 409

Housing Wire

MAY 21, 2024

While the appraisal is not a guarantee of the final sale price, it can help you understand the fair market value of the home and can assist in making informed decisions during negotiations with the seller. Consider future development Investigate potential developments in the area, as they can significantly impact property values.

Real Estate Agent 438

Real Estate Agent Real Estate Inspection Tools 438

Housing Wire

OCTOBER 26, 2023

The partnership extends Offerpad’s reach by allowing seller requests from areas outside of Offerpad’s current markets to be served by certified agents affiliated with the Anywhere Leads Network , a nationwide network of 500 brokers and more than 100,000 real estate agents. “As Offerpad operates in 14 states.

Real Estate Agent 387

Real Estate Agent Real Estate Sellers Agents 387

Housing Wire

MAY 14, 2024

More than 80% of recent buyers asked for at least one seller concession. Importantly, however, 65% of these recent buyers also reported making at least one concession to the seller, indicative of the seller’s market that exists in many parts of the country.

Real Estate Agent 466

Real Estate Agent Agents Real Estate Buyers 466

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. It was through seller incentives that loan originator Ryan Grant helped his FHA borrower buy down 3.5 points from the 7.5%

Agents 457

Agents Sellers Buyers Finance 457

Housing Wire

OCTOBER 3, 2023

Qualia on Tuesday said the new product provides closing agents with the ability to securely collect and share wire instructions with buyers and sellers, and it features systems for earnest money deposit collection, automated wire matching, wire-sending integrations, wire fraud detection , and seller ID verification.

Sellers 384

Sellers Clients Agents Development 384

Housing Wire

APRIL 30, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced their decision late last week to walk back some of these plans. I think the big the big shift here is what they laid down six months ago, allowing builders and sellers to cover some of those costs,” Cabe said.

Mortgage 357

Mortgage Real Estate Agent Sellers Construction 357

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. As we get into 2024, if interest rates touch the 5% mark, we can assume a market that heavily favors sellers.

Real Estate Agent 439

Real Estate Agent Real Estate Buyers Agents 439

Housing Wire

MAY 2, 2024

Leaders at Carson said in the release that they are excited to have access to William Raveis’ in-house mortgage bankers to help prequalify buyers and sellers, as well as the brokerage’s insurance experts to help their agents and clients navigate the home insurance market. “We We look forward to our partnership with Carson Realty (CR).

Realty 336

Realty Insurance Brokerage Clients 336

Housing Wire

MAY 8, 2024

When the settlement agreements were initially announced, it was generally understood that they only applied to claims brought by home sellers. Due to these developments, the Batton plaintiffs state that the temporary restraining order is “urgently needed.” “The

Brokerage 383

Brokerage Real Estate Sellers Development 383

Housing Wire

JANUARY 9, 2023

These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes six to 12 months. . Home sales bottoming out as sellers eventually capitulate on price. Cincinnati and Miami.

Retail 464

Retail Sellers Buyers Market Value 464

Housing Wire

FEBRUARY 6, 2024

In a document filed on Monday, the counsel for the home seller plaintiff Joseph Masiello notified the federal court in Arizona that it was voluntarily dismissing defendant Walt Danley Local Luxury , an affiliate of Christie’s International Real Estate , from the suit. Defendants in other copycat commissions suits have been dismissed.

Realty 387

Realty Realtors Real Estate Brokerage 387

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. I would hope something would come of that because these people fought for our country, right?

Buyers 450

Buyers Real Estate Agent Inventory Real Estate 450

Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Look for a resurgence of mortgage-rate buydowns, in which the sellers give buyers a break on the monthly payments for the first one to three years,” he added. In August, the sales pace of new homes fell 8.7%

Inventory 496

Inventory Buyers Construction Sellers 496

Housing Wire

OCTOBER 28, 2022

Buyers and sellers are spoiled for choice when it comes to finding an agent or lender, so the more you’re able to stay top of mind the more they will remember you when they need you. This panel will explore best practices to capitalize on the tremendous potential of having loyal followers including regulations you need to be aware of.

Real Estate Agent 366

Real Estate Agent Development Agents Real Estate 366

Housing Wire

MAY 14, 2024

Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

Sellers 331

Sellers Realty Insurance Realtors 331

Housing Wire

APRIL 9, 2024

Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

Sellers 448

Sellers Realty Insurance Realtors 448

Housing Wire

FEBRUARY 26, 2024

As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount. The HOA either sells the building to a developer who will renovate it or, in most cases, to a redeveloper who will tear it down and replace it with another economically viable project.

HOA 482

HOA Law Insurance New Listings 482

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 479

Real Estate Buyers Agents Sellers 479

Housing Wire

MAY 3, 2024

The key difference between our business model and that of many of our peers is that our model incentivizes agents to help buyers and sellers reach their housing goals, while some other models have incentivized their agents to recruit other agents, many of whom are not productive.”

Agents 369

Agents Real Estate Training Buyers 369

Lamacchia Realty

MARCH 21, 2024

Throughout the ongoing class-action lawsuit, Anthony has not only advocated for NAR but also for consumers to ensure buyers and sellers alike continue to have full transparency during the home-buying process. Anthony emphasizes the importance of coaching REALTORS® so they can adjust to this change seamlessly.

Development 57

Development Realtors Government Buyers 57

Hank Miller Team

MAY 9, 2023

When a seller develops a fondness for certain things defined as real estate fixtures, things can get sticky. However, some sellers have a deeper attachment to certain items, going as far as removing them prior to closing. The seller that removed the rain shower heads from all of the bathrooms in the home.

Sellers 52

Sellers Real Estate Contracts Real Estate Agent 52

Housing Wire

APRIL 4, 2023

Jot’s proprietary technology matches home buyers and sellers with a qualified notary for their transaction and makes it easy for notaries to accept assignments that fit within their schedule, while providing the tools to successfully manage their business and access to professional development resources.” The firm is led by Jaclyn Fox.

Tools 365

Tools Sellers Real Estate Technology 365

Housing Wire

DECEMBER 7, 2023

.” The company’s solutions include transactions such as structured hedging and M&As ; analytics and reporting on dashboards and key performance indicators; advisory solutions on product and service development; and specialty solutions such as lending as a service.

Clients 415

Clients Lending Sellers Development 415

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. Yet staggeringly few are aware of its existence.

Finance 451

Finance Real Estate Agent Real Estate Insurance 451

Housing Wire

MAY 18, 2023

The marketplace, known as eMSR Exchange, connects buyers and sellers of co-issue flow offerings online and provides pricing 24/7. ” Other companies are also developing new platforms as the agencies, Fannie Mae and Freddie Mac , have been pushing for co-issue loan sales in recent years. In November, Mortgage Capital Trading, Inc.

Sellers 356

Sellers Buyers Mortgage Real Estate 356

Housing Wire

OCTOBER 27, 2023

The seller normally pays on the West Coast. That is why nearly a decade ago, ALTA launched the Homebuyer Outreach Program, a committee dedicated to developing content focused on educating consumers about homebuying, title insurance, and the closing process. It’s important the buyer asks how the closing/settlement will be handled.

Insurance 500

Insurance Real Estate Buyers Real Estate Agent 500

Housing Wire

MARCH 29, 2023

“Purchase applications remain over 30% behind last year’s pace, but recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.” Census Bureau and the Department of Housing and Urban Development ( HUD ). But it’s not just mortgage demand that has fluctuated recently.

Mortgage 408

Mortgage Real Estate Agent Buyers Loan Officers 408

Housing Wire

MARCH 27, 2024

A seller and agent/brokerage either agrees to the terms and compensation or they don’t. When I go to listing appointments a seller asks what my commission is. I state it is “X” and the seller either agrees or disagrees. Will sellers pay less? We” includes myself as the real estate agent and the seller.

Real Estate Agent 306

Real Estate Agent Real Estate Agents Sellers 306

Housing Wire

NOVEMBER 16, 2023

The company’s business model was developed before the buyer broker rules were in question, providing what Florance thinks is a better experience for the agent and the buyer. “We By and large, there’s no such thing as a buyer agent, because 85% are doing a material amount of seller representation, too. “By

Real Estate 428

Real Estate Agents Buyers Sellers 428

Appraisal Buzz

MAY 3, 2024

The Home Report provides automatically generated, unique property data details from a scan of a property to help give home buyers and sellers a comprehensive understanding of the home’s layout. In developing these new products, we wanted to make it easier than ever for users to deliver more value to their clients.

Open Houses 195

Open Houses Inspection Sellers Buyers 195

Housing Wire

SEPTEMBER 28, 2023

RE/MAX’s toolbox is so impressive; joining RE/MAX for agent development, education, technology and marketing is going to benefit our agents and their clients in a big way.” The Boones are planning on opening a third Ocala office later this fall, which will focus on assisting buyers and sellers of equestrian properties.

Brokerage 386

Brokerage Technology Agents Training 386

Housing Wire

JANUARY 24, 2024

Even as home prices began to decrease last year, mortgage rates remained high, leading both buyers and sellers to stay out of the housing market. Title insurance companies have lower claims rates than other types of insurance because title professionals work to resolve potential issues before they develop into claims.

Insurance 440

Insurance Sellers Buyers Housing Market 440

Housing Wire

MAY 23, 2023

These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes about six months. But part of it was also thanks to sellers willing to listen to the market and adjust pricing lower in response.

Housing Market 428

Housing Market Marketing Retail Sellers 428

Housing Wire

OCTOBER 14, 2020

Last summer, NAR en Español hosted over 300 students from 15 countries for two virtual, accredited buyer representative and seller representative specialist courses, which were held in Spanish.

Realtors 450

Realtors Real Estate Sellers Development 450