Remove 2014 Remove Buyers Remove Real Estate Agent
article thumbnail

Typical homebuyers made $107,000 annually, used a real estate agent in 2023: NAR survey

Housing Wire

“In a still-competitive housing market, more well-off home buyers were able to have their bids accepted by offering larger down payments and even by paying cash.” It was the highest share of all-cash transactions recorded since 2014. The share of first-time buyers rose to 32%, up from last year’s low of 26%.

article thumbnail

Cash buyers are scooping up homes like mad

Housing Wire

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. That represents the largest share since 2014, when 30.6% That represents the largest share since 2014, when 30.6% As of July 14, nearly one-third of U.S.

Buyers 545
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The ‘double-edged sword’ of dual licensing

Housing Wire

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

article thumbnail

Washington-based indy firm joins RE/MAX

Housing Wire

Larson started her career in real estate as an agent at a large national franchise in 2014. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

Brokerage 418
article thumbnail

Opendoor, Atlanta, and the future of iBuying

Housing Wire

After a review of Atlanta area property records, it would appear Kim Klir is the most successful real estate agent in world history. Of those sales, Klir was the listing agent for 1,213 of the 1,613 deals, according to FMLS data. But Klir was mostly invisible to buyersagents.

article thumbnail

Knock reverses course on loan officer pay cut

Housing Wire

On Tuesday, according to multiple sources within the New York-headquartered mortgage lender and “power buyer,” a weekly video meeting of Knock loan officers took a turn when Robert Foos, Knock’s director of sales, told loan officers that they would receive a 33% reduction in salaries effective Jan.

article thumbnail

Amy Stockberger explores her brokerage’s quest for ’lifetime home support’

Housing Wire

In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers.