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Report warns that percentage-based agent commissions could harm consumers

Housing Wire

-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It. The issue is backed by academic research.

Agents 362
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Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

The origination period of the analysis was 2000-2015 to allow for loan seasoning and two models were estimated: one with a definition of default as a loan becoming 90 days past due or worse, and the second a loan becoming 180 days past due or worse. These were 2000-2003, 2004-2008Q2, 2008Q3-2011, and 2012-2015. Specifically, the 1.9

Sellers 448
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FHFA and Ginnie Mae relax proposed seller servicer requirements

Housing Wire

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. Institutions with less than $1 billion in originations during a 12 month period would be exempt — a new carveout the agencies said is for “small sellers.”.

Sellers 397
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The Real Brokerage continues its expansion tear in California, Florida

Housing Wire

After rock-solid careers of their own, they decided to combine their skills and their shared passion to help Chinese home buyers, sellers and investors navigate Southern Californias competitive real estate market, Real President Sharran Srivatsaa said in a statement. Burgman began his real estate career in 2015 after 10 years with the U.S.

Brokerage 397
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How are mortgage rates affecting housing demand?

Housing Wire

24): Inventory fell from 569,898 to 565,875 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 so far is 739,434 For some context, active listings for this week in 2015 were 1,104,310 New listings data While active inventory didn’t rise, we did get a nice boost in new listings this last week.

Mortgage 514
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Will rates allow for ‘peak’ homebuying season?

Housing Wire

That comes to 2% more unsold new listings and actually 5% fewer sellers overall than in 2024. Thats three out of the last four weeks with fewer sellers now than in 2024. I like this view because even though there are fewer sellers overall, more of the listings are actually adding to active inventory.

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The Portland Pearl District Condo Market – The Last 10 Years (2015-2024)

Portland Appraisal Blog

PEARL DISTRICT SUMMARY STATISTICS Taking the 35,000-foot view, we can see the average yearly prices have been steadily declining since 2016: Average prices this year are essentially the same as they were in 2015. The main reason for this decline is due to a couple of large high-rise condominium buildings being completed in 2016 and 2018. (We’ll