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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

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As insurance costs rise, real estate agents have more buyer concerns to assuage

Housing Wire

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. On nearby Chincoteague Island, Virginia, Long & Foster Real Estate agent Meghan O.

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Home sale cancellations hit record high in January

Housing Wire

a year earlier and is the highest rate recorded for January since at least 2017. of pending home sales fell through in January, marking the highest January cancellation rate since 2017. Some real estate agents are advising buyers to monitor homes they missed out on, as deals are falling through at a higher rate.

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Side’s Guy Gal on championing the high-volume real estate agent

Housing Wire

It became very obvious that you had this segment of real estate professionals that was unlike most others,” said Gal, who launched San Francisco-based Side in 2017 with Edward Wu and Hilary Saunders. Guy Gal CEO at Side. “It Across the country today, there are roughly 1.4

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Pending Home Sales Fall to 24-Month Low

Appraisal Buzz

Thats the highest December percentage in records dating back to 2017, and is up from 15.1% Homebuyers pumped the brakes when mortgage rates ticked back up and are now in wait-and-see mode, said Jesse Landin, a Redfin Premier Real Estate Agent in San Antonio. of homes that went under contract that month. a year earlier.

Contracts 397
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Many Homeowners With Mortgages Locked Into High Interst Rates 

Appraisal Buzz

The rate-lock effect is letting up a bit here in Seattle, said local Redfin Premier real estate agent David Palmer. Many people are moving because they have no other option after a significant life event, such as a divorce or job shift, according to Redfin agents. in Q1 2022 and the lowest share since Q3 2017.

Mortgage 347
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San Francisco-based OWN Real Estate makes the leap to Keller Williams

Housing Wire

San Francisco-based real estate team OWN Real Estate joined Keller Williams , the company announced on Wednesday. Founded by Wilson Leung, the team has 19 real estate agents and six staff members. In 2022, OWN Real Estate sold 80 homes, amounting to more than $107.1