Housing Wire

APRIL 25, 2024

Monika DeRoussel was in a meeting, away from her phone and email, when a client messaged her that a property in their price range and desired neighborhood had a for-sale sign in the yard. When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I

Buyers 459

Buyers Marketing Inventory Investors 459

Housing Wire

MAY 24, 2021

There were 3,541 respondents to the online survey which ran from May 3-10, 2021, of which 1,731 had a client. “With little supply in the market, homes typically sold within 17 days — down from 27 days one year ago, as buyer competition heats up,” NAR said in a statement. 25% of all sales were cash sales, per the report.

Realtors 497

Realtors Buyers Housing Market New Listings 497

Housing Wire

SEPTEMBER 30, 2024

The landmark antitrust lawsuit settlement agreed to by the National Association of Realtors (NAR) in March has put the practices of real estate agents in the spotlight for both regulators and clients alike. Now, with agent commissions starting to decline, agents naturally want to convey the value of their services to buyers and sellers.

Agents 488

Agents Real Estate Agent Real Estate Sellers 488

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.

Inventory 486

Inventory Real Estate Housing Market Real Estate Agent 486

Housing Wire

SEPTEMBER 11, 2020

According to the report, 31% of Realtors said they feel unsafe during an open house or showings, and 27% said they feel unsafe when meeting a new client for the first time at a scheduled location or property. The man allegedly told the agent and potential buyer to get off the property. Those fears are not unfounded.

Open Houses 545

Open Houses Realtors Real Estate Agent Real Estate 545

Housing Wire

MARCH 22, 2024

According to data from Altos Research as of March 15, the 90-day average number of single-family active listings in the Naples-Marco Island metro area was 2,362, up from 1,605 one year earlier but down from the 3,760 listings recorded in late March 2019 prior to the COVID-19 pandemic. In comparison, the average U.S.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

FEBRUARY 21, 2024

“This collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,” said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal.

Home Improvement 435

Home Improvement Realtors Real Estate Agent Inspection 435

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.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). Initially filed in April 2019, the lawsuit takes aim at NAR’s Participation Rule.

Brokerage 511

Brokerage Agents Buyers Clients 511

Housing Wire

FEBRUARY 5, 2024

Last year was largely a good one for the nation’s homebuilders, which were able to offer rate buydowns to attract more clients while maintaining double-digit profit margins. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. An estimated 668,000 new homes were sold in 2023, 4.2%

Construction 468

Construction Housing Market Buyers Sellers 468

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 459

Sellers Real Estate Buyers Contracts 459

Housing Wire

MARCH 12, 2024

Over the past five years, buyers from Texas, Colorado and Florida have flocked to Sandpoint to acquire property, according to a company news release. Reizen, his wife Julie, and their four children moved to Sandpoint in 2019 and started selling homes with local brokerage Realm Partners.

Real Estate 448

Real Estate Brokerage Agents Technology 448

Housing Wire

OCTOBER 25, 2024

The new partnership will let real estate agents share immersive listings with potential clients on both platforms, boosting visibility and simplifying the home search process for buyers. Zillow’s 3D home tours feature, launched in 2019, is the centerpiece of this partnership.

Real Estate Agent 458

Real Estate Agent Real Estate Technology Property Management 458

Housing Wire

DECEMBER 27, 2023

On Friday, it notified clients that it had taken its email system offline and that recipients should be wary of any emails that come through from FirstAm.com. One buyer commented: “We wired in full payment for a home that was supposed to close last week. First American announced the incident mid-day on Thursday.

Sellers 508

Sellers Insurance Valuation Technology 508

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. 8, 2019, and the present. The National Association of REALTORS will respond to this complaint in court.”

Realtors 476

Realtors Sellers Real Estate Buyers 476

Housing Wire

MARCH 14, 2024

They noted that in the Houston metro area, between 1997 and 2019, 2.58 of them including an offer to pay 3% of the sales price to the buyer’s agent. Because of this, the authors believe buyer agents are then able to “command commission above cost.” buyer’s agent compensation structure deviates from its cost basis in two ways.

Agents 459

Agents Legal Real Estate Agent Buyers 459

Housing Wire

MARCH 5, 2024

Rather, their priorities are buyer education and the nurturing and building of more referral relationships to expand their market share, loan originators who spoke to HousingWire said. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. Market their listings; go to their listings.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Housing Wire

APRIL 22, 2024

He said his company is focused on buyer-side agents, whose activity is expected by some to be impacted by the National Association of Realtors’ (NAR) $418 million nationwide settlement of the commission lawsuits. The change would go into effect in mid-July 2024 if the settlement is approved by a judge.

Brokerage 447

Brokerage Real Estate Realtors Real Estate Agent 447

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

Housing Market 529

Housing Market Marketing Real Estate Agent Real Estate 529

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 435

Real Estate Realtors Realty Real Estate Agent 435

Housing Wire

AUGUST 5, 2020

The National Association of Realtors found in its Profile of Home Buyers and Sellers in 2019 that 26% of all homebuyers said the quality of schools was important when finding a new home. Living in a good school district is one of the biggest factors for homebuyers, even if they’re empty nesters. Like, zero.

Realtors 521

Realtors Realty Buyers Sellers 521

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We gain compared with 2019. pending home sales rose 5.9% The seasonally-adjusted index measuring signed contracts was up 15.5% million, a 1.1%

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

JUNE 18, 2024

RE/MAX has held onto this spot since the publication of the 2020 iteration of The Thousand, which was based off sales data from 2019. RE/Max overtook Keller Williams, which took the title in 2019. ”RE/MAX RE/MAX agents consistently set high standards and exceed them, delivering exceptional results for their clients.

Agents 448

Agents Real Estate Sellers Clients 448

Housing Wire

DECEMBER 20, 2023

Filed in March 2019 , the Moehrl suit is the oldest of the commission lawsuits currently making their way through various courts across the country. In a statement on Wednesday, NAR spokesperson Mantill Williams said that compensation is “always negotiable” between agents and their clients.

Real Estate 447

Real Estate Sellers Realtors Real Estate Agent 447

Housing Wire

NOVEMBER 7, 2023

Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements. Revenue decreased by 10% year over year to $1.34 Reffkin cited the Seattle market as reason for optimism.

Agents 435

Agents Real Estate Agent Realtors Brokerage 435

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

Real Estate 448

Real Estate Brokerage Sellers Law 448

Housing Wire

DECEMBER 6, 2022

Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. Looking back, Summers is glad she encouraged her buyers to swap lenders.

Real Estate 370

Real Estate Real Estate Agent Clients Agents 370

Housing Wire

DECEMBER 24, 2020

The merger with PropTech Acquisition Corp, which went public as a SPAC in November 2019 with a $172.5 Porch lost over $103 million in 2019 and $50 million in 2018. million, cleared Porch’s debts entirely. After fees and the paying down of debt, Porch now has about $200 million in capital that can be used to grow the business. .”

Inspection 453

Inspection Insurance Finance Valuation 453

Housing Wire

JULY 29, 2024

There is still moderated demand from buyers, but there are a lot of people just sitting on the sidelines right now because housing affordability and rates are playing a big role in people’s decisions.” 2021 This slowdown has been a boon for buyers who are still in the market. a year prior and the 51.72 recorded in July 2022.

Housing Market 445

Housing Market Marketing Real Estate Agent Inventory 445

Housing Wire

DECEMBER 19, 2024

I am super busy right now, said Charissa Kennard , an agent for Berkshire Hathaway HomeServices Verani Realty.There is a lot of inventory right now, which is good because there are a lot more options for clients right now. Instead of looking at one home and having to place a bid right away, they get to look at three to five homes.

Housing Market 393

Housing Market Marketing Inventory Clients 393

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. million in damages for both the Moehrl and Sitzer/Burnett suits.

Buyers 448

Buyers Agents Realtors Sellers 448

Housing Wire

FEBRUARY 9, 2023

Launched in 2019, LauraMac provides its technology services for companies acquiring assets in the secondary market, including document management, loan acquisition and loan reviews. Its Loan Acquisition System (LAS) provides an end-to-end solution for buyers and sellers of loans.

Technology 361

Technology Tools Buyers Sellers 361

Housing Wire

FEBRUARY 18, 2021

Learn how brokers and agents are growing listing visibility among rental properties, attracting more clients in the new year. “Based on data collected in May 2020, buyers saved listings with 3D Home tours 32% more often than listings without.” How to gain more listing visibility in a shifting housing market.

Agents 418

Agents Tools Housing Market Buyers 418

Housing Wire

MAY 31, 2023

In the fourth quarter of 2019, the median renter could afford 69% of the homes for sale in Salt Lake City. According to data from Altos Research , the median home price listed in Salt Lake City last week climbed to $785,000, up from about $540,000 in the fourth quarter of 2019. Now, the median renter can only afford 4% of homes.”

Insurance 397

Insurance Clients Marketing Housing Market 397

Housing Wire

APRIL 16, 2024

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%.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

APRIL 22, 2024

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer!

Real Estate 465

Real Estate Open Houses Brokerage Real Estate Agent 465

Housing Wire

AUGUST 21, 2020

In fact, Aurelio said that this July home sales have outpaced July 2019. 1 agent with Century 21 and agent specializing in San Jose and Silicon Valley, Kate Davey said that she feels like it’s “la la land” in her market right now, and her clients are selling their smaller homes for bigger ones nearby. ” No.

Agents 493

Agents Real Estate Inventory Buyers 493