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

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. The demand for 3D home tours is growing across the industry.

Real Estate Agent 458

Real Estate Agent Real Estate Technology Property Management 458

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A They started to drop a little in November 2019, and we started to get busier and busier, and then COVID happened and even more people entered the market.”

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. 8, 2019, and the present. Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation. The copycat commission lawsuits have made it to the West Coast.

Realtors 476

Realtors Sellers Real Estate Buyers 476

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. Additionally, the competition from existing home sellers was somewhat absent. An estimated 668,000 new homes were sold in 2023, 4.2%

Construction 468

Construction Housing Market Buyers Sellers 468

Housing Wire

APRIL 13, 2021

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Austin has ranked as the No. In fact, Austin has just about 1.2

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

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. Literally since Jan.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

AUGUST 27, 2020

Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. gain compared with 2019. Anecdotally, Realtors are telling me there is no shortage of clients or home seekers, but that scarce inventory remains a problem,” Yun said. “If million, a 1.1%

Contracts 501

Contracts Realtors New Listings Real Estate 501

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. 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. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4

Realtors 497

Realtors Buyers Housing Market New Listings 497

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

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

FEBRUARY 27, 2024

District Court for the Western District of Missouri , the lawsuit is named after its lead plaintiff, Maryland home seller Daniel Umpa. Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. Filed in late 2023 in the U.S.

Realty 448

Realty Real Estate Law Brokerage 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

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic.

Inventory 433

Inventory Housing Market Marketing Real Estate 433

Housing Wire

MARCH 14, 2024

They noted that in the Houston metro area, between 1997 and 2019, 2.58 The authors attribute the consistency of the 3% commission rate to steering , as sellers “are concerned that buyer agents would steer clients away from their properties if they do not offer the prevailing buyer agent commission rate.”

Agents 459

Agents Legal Real Estate Agent Buyers 459

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

MARCH 13, 2024

I’ve had clients who just don’t want to deal with the premium costs on certain properties and say they will just find something else.” These losses are due to multiple factors, including inflation-fueled rebuilding costs, which the institute said rose 55% between 2019 and 2022. nationwide in 2023, with Farmers Insurance Group of Cos.

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

JUNE 16, 2022

For the HomeLight Cash Offer program, also introduced two years ago, the firm makes an all-cash offer on the client’s behalf and holds the home until the client secures financing. In 2019, the company expanded to providing title and escrow services to agents and home sellers and matching sellers with iBuyers.

Brokerage 370

Brokerage Real Estate Lending Clients 370

Housing Wire

DECEMBER 19, 2024

Altos considers anything above 30 to be indicative of a sellers market. 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.

Housing Market 393

Housing Market Marketing Inventory Clients 393

Housing Wire

NOVEMBER 14, 2023

In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by the clients (homebuyers),” the filing states. 13, 2019, to the present. 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

OCTOBER 17, 2023

The Rule requires every home seller to offer payment to the broker representing their adversary , the buyer, even though the buyer’s broker is retained by and owes a fiduciary obligation to the buyer (who may be told, falsely, that the services of the buyer broker are “free”),” the brief said. “The

Sellers 435

Sellers Agents Buyers Realtors 435

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. We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners.

Real Estate 465

Real Estate Open Houses Brokerage Real Estate Agent 465

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Like the other commission lawsuits, the Parker suit alleges that the defendants colluded “to impose, implement, and enforce anticompetitive restraints that cause home sellers in Florida to pay inflated commissions in connection with the sale of their homes.”

Realty 459

Realty Realtors Brokerage Real Estate 459

Housing Wire

JANUARY 31, 2021

The platform hosts 15 tools to support the servicing lifecycle for 14,000 external users (1,300 servicers), which has almost doubled since launching the platform in 2019. Last fall, Freddie Mac integrated its Single-Family Seller/Servicer Guide (Guide) with Servicing Gateway.

Tools 369

Tools Clients Investors Modernization 369

Housing Wire

JANUARY 13, 2022

The lawsuit, in part, challenges a rule first put forth by the National Association of Real Estate Exchanges, NAR’s forerunner, in 1913, that a member agent representing a home seller , “Always be ready and willing to divide the regular commission equally with any member of the Association who can produce a buyer for any client.”.

Real Estate 418

Real Estate Brokerage Agents Real Estate Agent 418

Housing Wire

DECEMBER 27, 2022

Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. Those trends are likely to continue in 2023. Or will soon.

Housing Market 529

Housing Market Marketing Real Estate Agent Real Estate 529

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

FEBRUARY 18, 2021

Learn how brokers and agents are growing listing visibility among rental properties, attracting more clients in the new year. How to gain more listing visibility in a shifting housing market. Presented by: Apartments.com. The 3D Home tours are currently available in 25 markets, with more expected to be added throughout 2021.

Agents 418

Agents Tools Housing Market Buyers 418

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 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

DECEMBER 30, 2020

Now, home sellers in these markets have access to a cash offer upon listing their house, if qualified. The program, which first launched in October 2019 , already offers features including RealSure Sell, which gives home sellers the certainty of a cash offer while they work with an agent to bring a better offer.

Real Estate 320

Real Estate Sellers Real Estate Agent Agents 320

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

SEPTEMBER 6, 2023

Worst case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. We are not going to defend this case anymore,’ so that will definitely lead to changes.”

Buyers 448

Buyers Agents Realtors Sellers 448

Housing Wire

MAY 14, 2024

As on May 10, inventory in Santa Monica had a 90-day average of just 55 active single-family listings, up from an all-time low of 32 set in April of 2022, but still below the roughly 70 single family listings reported in May 2019, according to data from Altos Research. We are focused on just taking it one client at a time.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Housing Wire

AUGUST 18, 2023

based firms on percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. The minimum revenues required are $100,000 for 2019 and $2 million for 2022. The self-reported list ranks U.S. They must be U.S.-based, Rank Company Growth (3-yr Avg.)

Real Estate 370

Real Estate Brokerage Realty Real Estate Agent 370

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority. billion in commissions they paid to buyers’ agents in the past eight years.

Realtors 370

Realtors Real Estate Sellers Buyers 370

Housing Wire

OCTOBER 26, 2020

Through a combination of deep knowledge, driven by a proprietary integrated technology platform and data-driven insights, Xome is able to anticipate the needs of its clients and more efficiently manage processes. This is a huge value for our clients when it is crunch time.”.

Clients 397

Clients Valuation Technology Inspection 397