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Don’t be surprised if a 61-year-old white woman buys your house

Housing Wire

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

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Copycat commission lawsuits continue as Illinois homebuyers take action

Housing Wire

District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty. While the National Association of Realtors (NAR) was not named as a defendant in the suit, it was listed as a co-conspirator along with several Realtor-owned MLSs.

Realtors 448
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Cleveland-area team brings 25 agents to fast-growing Real

Housing Wire

The Real Brokerage has poached a high-performing Realtor team in Cleveland. The pair launched the team in 2002, and it serves nine Ohio counties in the northeast part of the state, including Cleveland, Akron and Canton. Real hopes the team can provide more juice to a market that’s part of a trend of booming cities in the midwest.

Agents 459
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Anthony Lamacchia talks marketing tactics and the future of real estate

Housing Wire

Lamacchia bought his first house in 2002, started fixing and selling properties soon after, and got his real estate license in 2004. The conversation ends on an optimistic note with Lamacchia cementing his belief that Realtors and brokers will continue to thrive despite the National Association of Realtors ‘ settlement.

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The 100-years-war over real estate commissions

Housing Wire

In 2002, Natalya Delcoure and Norman Miller, two real estate economists, set about to learn what fees consumers pay real estate agents in America. They were especially interested in real estate commissions. What Decloure and Miller discovered was somewhat shocking. That’s part two, coming up Thursday.

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Existing home sales are still too hot

Housing Wire

Today, the National Association of Realtors reported a 2.5% The silver lining is that unlike in the previous cycle from 2002-2005, homeowners are in a much better financial position. Growth in home sales in recent months, I proposed, was primarily due to the catch-up demand from the stalled sales during the worst weeks of COVID-19.

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Gary Keller testifies to close out week two of commission lawsuit trial

Housing Wire

After filing a motion for a judgment as a matter of law late Thursday, the National Association of Realtors’ request was denied by Judge Stephen Bough. Two of the slides he uses show average commissions on the sell side and the buy side for KW agents between 2002 and 2019. in 2010, before gradually climbing to 2.67% in 2019.

Agents 482