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Housing inventory fell last week. Have sellers called it quits?

Housing Wire

However, with the recent spike in mortgage rates , it’s possible some sellers are just going to call it quits. New listings data One place to see whether home sellers are calling it quits is our new listings data, which would clearly show if home sellers are reluctant to list their homes. Weekly inventory change (Oct.

Inventory 480
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Utah Realtors boycotted Homie listings over 1.5% buyer broker commission: antitrust lawsuit

Housing Wire

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482
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Defendants seek dismissal of Homie’s antitrust lawsuit

Housing Wire

As a flat-fee brokerage, Homie charged sellers a flat fee to list their property on the MLS. While Homie sellers typically offered buyer agent compensation, the firm said these amounts were usually lower compared to offers by sellers working with traditional brokers. And Homie is a broker! It noted U.S.

Brokerage 402
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DataDigest: The remarkably resilient agent commission rate

Housing Wire

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. It wasn’t so long ago that experts said the internet would drastically bring down agent commissions. I briefly considered a “listing only” agent , but chickened out.

Agents 408
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

Homelight , a platform for homebuyers and sellers, was No. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. 193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry.

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Homebuyers have many options; let’s make sure they’re aware of them

Housing Wire

The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider. The seller normally pays on the West Coast. Where should homebuyers start? On the East Coast, the buyer typically pays.

Insurance 502
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Real estate tech roundup: Shaker, zavvie and Homie

Housing Wire

iBuying platform zavvie has launched zavvie Pro , with the goal of helping real estate agents turn homeowners into home sellers. “Zavvie Pro keeps the modern agent at the center of every sales transaction, no matter what the homeowner decides,” Lane Hornung, zavvie co-founder, and CEO, said in a statement.