Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. Meanwhile, in September, one-third of U.S.

Real Estate Agent 368

Real Estate Agent Real Estate Agents Sellers 368

Housing Wire

APRIL 19, 2024

Luxury home prices in the U.S. year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. In comparison, prices for non-luxury homes rose by 4.6% 29, nearly half (46.8%) of luxury homes sold were purchased in cash, up from 44.1% surged by 8.7%

Luxury Properties 425

Luxury Properties New Listings Buyers Housing Market 425

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion. “If

Sellers 417

Sellers Buyers Real Estate Agents 417

Housing Wire

APRIL 22, 2024

Do you remember the last time you received a letter in the mail, in an envelope, that was hand-addressed to you? Dear (first name), I know we are neighbors, yet I wanted to formally introduce myself and let you know I am a resource available to you! If you have any homes you personally sold in the neighborhood, include those here).

Real Estate 342

Real Estate Open Houses Brokerage Real Estate Agent 342

Housing Wire

NOVEMBER 22, 2023

million sales of existing homes nationally and home prices rise by about 4%. But it’s been a long time since we’ve seen “typical.” The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average.

Housing Market 481

Housing Market Marketing Inventory Sellers 481

Housing Wire

DECEMBER 27, 2023

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. First American announced the incident mid-day on Thursday. One buyer commented: “We wired in full payment for a home that was supposed to close last week.

Sellers 492

Sellers Insurance Valuation Clients 492

Housing Wire

FEBRUARY 8, 2024

And HousingWire’s Mortgage Rates Center showed that Polly ’s average 30-year fixed rate for conventional loans was 6.91% on Thursday, down from 6.95% at the same time last week. According to January’s Fannie Mae Home Purchase Sentiment Index , consumer sentiment toward housing reached its highest level since March 2022.

Mortgage 408

Mortgage Marketing Sellers Buyers 408

Housing Wire

DECEMBER 15, 2023

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. While the past two years have been challenging to say the least for prospective homebuyers , homeowners have been reaping the fruits of their investments, as home prices steadily appreciated for the past three years.

Sellers 463

Sellers Buyers Mortgage Investing 463

Housing Wire

JANUARY 5, 2024

Rising interest rates, however, mean higher mortgage payments, and can dampen buyer enthusiasm or affordability , slow down sales or lead to dropping home prices. The Fed’s Federal Open Market Committee (FOMC) meets eight times a year to review current and predicted economic conditions and may adjust their policies accordingly.

Real Estate 431

Real Estate Agents Marketing Sellers 431

Housing Wire

JANUARY 12, 2024

For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. Sellers have started coming out of the woodwork because that’s typical for January and because mortgage rates have dropped,” David Palmer, a Redfin Premier real estate agent in Seattle, said in a statement.

Real Estate Agent 466

Real Estate Agent Sellers Inventory Mortgage 466

Housing Wire

MARCH 15, 2024

The story was first reported by the New York Times. Lawyers for the trade organization told the Times that they anticipate the settlement will be filed in the coming weeks, however it will still be subject to court approval. According to NAR, this settlement brings an end to all of the litigation claims brought by home sellers.

Legal 539

Legal Agents Realtors Real Property 539

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. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers.

Real Estate Agent 421

Real Estate Agent Real Estate Buyers Agents 421

Housing Wire

OCTOBER 24, 2023

Agent-client collaboration platform RealScout announced the launch of RealScout Pro+ on Tuesday, the first significant update to the platform since it was founded in 2012. “It It was a long time coming,” Andrew Flachner , RealScout’s co-founder and president, said. “We

Sellers 314

Sellers Home Value Client Relationships Agents 314

Housing Wire

JANUARY 10, 2024

You’re excited to get your next listing on the market, but now you’re feeling the pressure to do an amazing job for your sellers, who have put their trust in you and are excited about making a move. What they want is the most money for their home in the least amount of time with the fewest hassles and stress to them.

Sellers 363

Sellers Inspection Agents Clients 363

Appraisal Buzz

APRIL 26, 2024

The index measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS). While rates remain elevated and housing supply is low, we do expect to see renewed activity as mortgage rates decline to low-to-mid 6 percent range by the end of the year,” Seller adds.

Sellers 195

Sellers Housing Market Mortgage Buyers 195

Housing Wire

JUNE 21, 2023

Unlike a typical spring homebuying season in which sellers are also looking to buy a home, people trying to relocate into a bigger or smaller home in the Mid-Atlantic region made up a relatively small share of the housing market. of buyers in the region paid above the seller’s original list price. In comparison, 32.4%

Sellers 320

Sellers Investing Inventory Buyers 320

Housing Wire

FEBRUARY 7, 2024

It’s no secret that 2023 was a difficult year to buy a home. With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S.

Inventory 401

Inventory Sellers Mortgage Marketing 401

Housing Wire

MARCH 27, 2024

The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. With that said, I don’t spend time arguing with those who don’t value what I do for a living, because so many people do value my expertise and guidance.

Real Estate Agent 286

Real Estate Agent Real Estate Agents Sellers 286

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%.

Buyers 356

Buyers Sellers Real Estate Agent Real Estate 356

Housing Wire

JANUARY 24, 2024

Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. Homebuyers should explore all these potential cost savings when purchasing their home. by the end of 2024.

Insurance 433

Insurance Sellers Buyers Housing Market 433

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. Thus, LOs will have to find ways to connect to listing agents or directly with buyers, who will need more guidance during the home-buying process.

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8%

Inventory 480

Inventory Housing Market New Listings Buyers 480

Housing Wire

JANUARY 24, 2024

Speak with their lender to ensure you’re fully understanding their situation, especially as interest rates and lending standards change all the time. Their decision to lowball is based on their situation, not their opinion of the listing price, even though they’ll tell that they believe the home is just overpriced.

Buyers 425

Buyers Sellers Agents Counter Offer 425

Housing Wire

JANUARY 29, 2024

When it comes to home staging, there are two homeowner camps: those who think it’s a waste of money and don’t want to pay more to make their home more attractive to buyers and those who realize the worth and are willing to make the investment needed. In fact, this year I’d argue we need to take it a step further.

Realtors 425

Realtors Buyers Agents Decorating 425

Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. So what happened and who is paying all cash for homes?

Realtors 418

Realtors Buyers Inventory Sellers 418

Housing Wire

OCTOBER 16, 2023

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be.

Agents 395

Agents Buyers Sellers Inventory 395

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. With the advancements in technology, finding homes online has become easy and straightforward.

Real Estate 475

Real Estate Buyers Agents Sellers 475

Housing Wire

APRIL 18, 2024

First, the settlement agreements exclude key information about the method of allocating funds, details necessary for Pulte to evaluate its expected recovery,” the company’s attorneys said in the filing. Those individual home sellers may also lack legal counsel and would be less likely to learn about their class membership through the news.”

Legal 427

Legal Sellers Real Estate 427

Housing Wire

AUGUST 18, 2023

A great Listing pre-qualification script pulls out critical facts so you can be best prepared to not just take the listing, but to price it right in the first place! Not prequalifying is unprofessional and can waste your time and the sellers. Always prequalify, 100% of the time! Price it to sell, not to sit.

Sellers 359

Sellers Construction Real Estate Finance 359

Housing Wire

DECEMBER 16, 2022

In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise. At the height of the spring market, the typical home had 5.5 offers, according NAR’s REALTORS® Confidence Index.

Buyers 472

Buyers Realtors Inventory Sellers 472

Housing Wire

DECEMBER 7, 2022

For months I have been saying we were going to have challenging comps from October to January because last year at this time mortgage volume was rising — a rare event this late in the year. However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

Housing Wire

FEBRUARY 15, 2024

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. Everybody needs some kind of assistance in buying a home,” Saller said.

Mortgage 444

Mortgage Buyers Loan Officers Sellers 444

Housing Wire

SEPTEMBER 5, 2023

Buying and selling a home can be a confusing, intimidating process. From fine-tuning the initial listing to completing the mountains of paperwork needed for closing , homebuyers and sellers can find themselves juggling a wide range of issues. Help them better understand and retain information by providing resources they can take home.

Real Estate 414

Real Estate Sellers Buyers Clients 414

Housing Wire

APRIL 6, 2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

Inventory 475

Inventory Sellers Buyers Marketing 475

Housing Wire

OCTOBER 9, 2023

Elevated mortgage rates continue to dampen already-pessimistic consumer housing sentiment and create affordability woes for both homebuyers and sellers. That feeling is underscored in Fannie Mae ’s latest Home Price Sentiment Index (HPSI), which decreased by 2.4 points in September to 64.5. Overall, the full index is up 3.7

Mortgage 499

Mortgage Housing Market Sellers Marketing 499

Housing Wire

JANUARY 22, 2024

Friedman’s suit was in regard to the 2021 sale of his Park Slope home, in which he paid a buyer broker commission. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves. It is not required for a seller to compensate a buyer’s agent. The rule went into effect on the first of this year.

Real Estate Agent 394

Real Estate Agent Real Estate Agents Sellers 394

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Sellers would continue to see the value in buyer agents — bringing more potential agents to the table and making properties more competitive — while also compensating buyer agents accordingly. Enter the savvy seller.

Agents 401

Agents Buyers Real Estate Agent Loan Officers 401