Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. That case named the NAR, Keller Williams, Anywhere, RE/MAX, HomeServices and HomeServices affiliates as defendants, and was originally filed in 2019.

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Buyers Brokerage Agents Sellers 459

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. from August 2019 levels, it is still improving.

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Sellers Housing Market Buyers Marketing 397

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn stated that he would not offer or accept compensation from an agent.

Sellers 381

Sellers Real Estate Buyers Legal Fees 381

Appraisal Buzz

JUNE 14, 2024

Buyers today are facing many of the realities of a hot market even though few homes are changing hands,” said Elijah de la Campa, Senior Economist at Redfin. And with so few homes for sale, buyers in some markets are getting into bidding wars, which is helping push home prices to record highs.” month over month in May, and by 8.8%

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Sellers Buyers New Listings Mortgage 435

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I There has also been an uptick in the strength and scale of natural disasters.

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Real Estate Agent Insurance Real Estate Agents 450

Housing Wire

SEPTEMBER 20, 2023

Defendants in the Sitzer/Burnett class action lawsuit, which deals with buyer brokers’ commissions, are facing two fewer claims. The past few weeks have been eventful for the Sitzer/Burnett lawsuit, as well as the larger Moehrl lawsuit in Illinois, which also deals with buyer-broker commissions. Bough, a U.S.

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Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% In Wise County , there were only 56 listings.

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Inventory Buyers Agents Real Estate 405

Appraisal Buzz

OCTOBER 16, 2024

Notably, median rents are still $286 (19.6%) higher than they were in September 2019 (prior to the pandemic), but this increase is less than the 50.8% The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip first appeared on The MortgagePoint. over the same period). With a growth rate of 21.4%

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Sellers Buyers Marketing Mortgage 418

Housing Wire

APRIL 25, 2024

Buyers are really struggling.” Data from Altos Research shows that the 90-day average median list price for single-family homes in the Cincinnati metro area has risen from $284,800 in April 2019, prior to the onset of the pandemic, to $389,250 as of April 24, 2024. “I We are just getting fired up,” Back said. “It

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Buyers Marketing Inventory Investors 410

Housing Wire

JANUARY 12, 2023

compared to December 2019 and 38.2% compared to the December 2017-2019 average. “In In December, we saw both buyers and sellers pulling back as they continue to adjust to a challenging market,” Danielle Hale, Realtor.com’s chief economist, said in a statement. below its pre-pandemic 2019 level. compared to December 2019.

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Inventory New Listings Buyers Sellers 521

Appraisal Buzz

JULY 23, 2024

Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. of homes that went under contract. month-over-month.

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Buyers Contracts HOA Property Taxes 396

Housing Wire

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Buyers have more options to choose from for two reasons. Zillow noted that the U.S. 29 to Oct.

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Housing Market Marketing Inventory Buyers 476

Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It For buyers, the tight inventory has meant frequent compromises to their search parameters.

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Buyers Inventory Marketing Real Estate 304

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

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Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

JANUARY 8, 2025

since 2019, and theyve jumped 56.8% Rising property taxes add yet another layer to it and shut out buyers who might otherwise be able to afford a mortgage. rise in median property taxes since 2019, followed by Georgia (51.5%), Florida (47.5%), Indiana (44.8%) and Alabama (44.4%). jump since 2019. and 59.9%, respectively.

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Property Taxes Home Value Valuation Buyers 360

Housing Wire

DECEMBER 30, 2024

Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic. That share is 460 basis points higher than a year ago, and it’s the highest share since November 2019.

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Inventory Sellers Housing Market Contracts 425

Housing Wire

MAY 21, 2021

Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). . 2019 is being used as a reference point since 2020 data is skewed by the pandemic.).

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

Appraisal Buzz

DECEMBER 30, 2024

Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years, said First American Deputy Chief Economist Odeta Kushi. Buyers are no longer waiting for or expecting mortgage rates to fall substantially.

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Contracts Inventory Buyers Sellers 435

Appraisal Buzz

JANUARY 14, 2025

since 2019. increase since 2019. since 2019, while Floridas payments increased 9.5% since 2019, while Floridas payments increased 9.5% Both states have seen home prices grow well above the national average, with Georgia recording a 65% increase and Florida a 73% jump since 2019. The median U.S. annually and 47.5%

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Property Taxes Government Mortgage Buyers 435

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. Competition heats up In 2019, Watson Realty Corp. DR Horton and Dream Finders both ranked in the top 10 in 2019, and Lennar made a top 10 appearance in 2020.

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Brokerage Realty Real Estate Inventory 415

Housing Wire

JANUARY 9, 2025

On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. In contrast, during the pandemic, the median-price peak jumped from $279,000 in 2019 to $319,000 in 2021 before falling to $310,000 in 2022. Data from Altos Research supports Feinsteins observations. as of Jan. a year ago.

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Housing Market Inventory Marketing Sellers 400

Housing Wire

DECEMBER 2, 2021

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

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Inventory New Listings Contracts Housing Market 516

Housing Wire

MAY 29, 2024

In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. Instead, the settlement agreement allows for offers of compensation ’off MLS,’ where that information is hard to find and not available to all buyers and brokers.

Sellers 504

Sellers Buyers Brokerage Realtors 504

Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78

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Brokerage Realtors Sellers Buyers 545

Housing Wire

OCTOBER 11, 2021

First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019. From 2008 to 2019 we had the weakest housing recovery ever, following a bust. We had no chance of reaching this number during the years 2008 to 2019.

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Housing Market Marketing Construction Investors 535

Appraisal Buzz

OCTOBER 28, 2024

more than they would have in 2019, the median monthly property tax payment has increased the greatest during that time, reaching $205. to $228 since 2019), according to a Redfin analysis of property taxes for single-family homes among the 50 most populous U.S. Top 5 Metro Areas Where Property Taxes Have Increased Most Since 2019 U.S.

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Property Taxes Home Value Government HOA 349

Housing Wire

FEBRUARY 13, 2024

As a point of comparison, in the benchmark year of 2019, 31,000 new homes were purchased in the top 50 master planned communities. With multiple builders offering an array of home types and floor plans, buyers can find homes that fit their life stage.

Buyers 445

Buyers Design Construction Marketing 445

Appraisal Buzz

AUGUST 1, 2024

The market is getting more buyer-friendly as a result of a combination of increasing inventory levels and price decreases, according to Realtor.com’s July housing data. Although inventories remains below pre-pandemic levels, the difference between the levels in 2017–2019 and the current levels is decreasing. and 47.6%, respectively.

Inventory 418

Inventory Sellers Buyers Housing Market 418

Housing Wire

NOVEMBER 22, 2023

Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. They did, just in time for a slew of interest rate hikes to depress buyers’ appetites. 2019 level. If the nation’s largest homebuilder, D.R.

Inventory 431

Inventory Home Value Housing Market Buyers 431

Housing Wire

MARCH 29, 2024

In its proposed brief, CMLS writes that in its statement of interest, the DOJ is looking for “an injunction that prohibits offers of buyer broker compensation by MLS PIN participants.” Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area.

Sellers 441

Sellers Real Estate Buyers Contracts 441

Appraisal Buzz

DECEMBER 10, 2024

With mortgage rates likely to ease only modestly next year, these marketsoffering relatively lower-priced homes, more new and existing houses to choose from, and mortgage products designed to give buyers a leg upcould provide some would-be buyers a better chance at entering the market next year. of income and a cost of living 11.5%

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Housing Market Marketing Inventory Government 418

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.” While inventory is less depleted, it remains well below the pre-pandemic level of January 2019.

Inventory 432

Inventory Sellers Buyers Realtors 432

Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. The report analyzes MLS data from 51 U.S. The report analyzes MLS data from 51 U.S.

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Housing Market Marketing Inventory Buyers 511

Housing Wire

JUNE 20, 2024

That was down from 49,473 active single-family listings in June 2019, and only slightly better than the all-time low of 9,570 active single-family listings set in late April 2022, according to data from Altos Research. Buyers are taking their time and they definitely are being pickier,” Wallace said.

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Housing Market Agents Marketing Inventory 406

Housing Wire

JUNE 20, 2024

1 in population growth for eight straight years and The Wall Street Journal named it the hottest job market in 2019 and 2020. But while rising inventory and days on market are proof of lower demand, Austin home prices remain stubbornly elevated above their 2019 levels. higher than 2019 prices.

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Inventory Real Estate Housing Market Real Estate Agent 393

Housing Wire

OCTOBER 11, 2022

This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. In fact, at a 2019 conference, I was so happy about this that I labeled the chart below as Great News !

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

NOVEMBER 7, 2024

Now, soaring premiums demand more careful review and sticker shock is prompting buyers to walk away from deals, especially in states like Florida and Texas. As high rates deter buyers, insurers have become choosier about which homes and ZIP codes they’ll cover. Insurance Services , in March.

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Insurance Supply Chain Real Estate Design 470