Housing Wire

OCTOBER 4, 2023

District Court in Boston granted the Department of Justice’s request to extend all settlement related deadlines in the Nosalek buyer broker compensation class action lawsuit on Tuesday. Unlike the two other buyer-broker commission lawsuits, Moehrl and Sitzer/Burnett , NAR is not a defendant in the Nosalek lawsuit.

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Buyers Realtors Sellers Legal 448

Housing Wire

MARCH 8, 2024

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools. Now it is a different conversation.

Housing Market 468

Housing Market Buyers Agents Marketing 468

Housing Wire

FEBRUARY 16, 2024

The complaint claims that the National Association of Realtors is the creator of this alleged conspiracy through its creation and enforcement of its Participation Rule. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present. 16, 2020, and the present.

Real Estate 468

Real Estate Realtors Realty Brokerage 468

Housing Wire

JANUARY 16, 2024

District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. Unlike other commission lawsuit, the Whaley suit only names Realtor associations as defendants. . 15, 2020, and the present.

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Realtors Real Estate Real Estate Agent Sellers 476

Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. ” It continues: “Buyer-broker commission rules are the subject of several pending antitrust suits and a pending appeal in which the United States is an appellant.”

Buyers 435

Buyers Realtors Real Estate Sellers 435

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. This sales trend looks very normal to me. My biggest fear for the U.S.

Housing Market 541

Housing Market Marketing Inventory Realtors 541

Housing Wire

JANUARY 19, 2024

Unlike other MLSs, MetroList is not exclusively owned or operated by Realtor associations affiliated with the National Association of Realtors. Instead MetroList is owned and operated by local Realtor associations and California Real Estate Brokers, Inc. 18, 2020, and the present. 18, 2020, and the present.

Realtors 457

Realtors Real Estate Real Estate Agent Buyers 457

Housing Wire

JANUARY 9, 2024

commission ($10,250) to the buyer broker.” Like the other commission lawsuits, the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS.

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MAY 28, 2021

since the beginning of 2020, pushing home prices in the San Jose-Sunnyvale-Santa Clara metro up 11.1%. “You’ve got a lot of young buyers — the millennial wave — that are looking to buy in San Jose, because they work at LinkedIn, Google, or Apple, which are all in this area,” Wellman said.

Buyers 414

Buyers Real Estate Agents Inventory 414

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

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Clients Agents Buyers Sellers 459

Housing Wire

NOVEMBER 12, 2020

According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. NAR said that the median downpayment for all homebuyers this year was 12% — 7% for first-timers and 16% for repeat buyers.

Buyers 482

Buyers Sellers Realtors Inventory 482

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

Housing Market 435

Housing Market Buyers Marketing Retail 435

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 “The share of first-time buyers decreased to 31% from 32% in the prior month, and 36% one year ago. .

Realtors 497

Realtors Buyers Housing Market New Listings 497

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. 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.

Realtors 476

Realtors Sellers Real Estate Buyers 476

Housing Wire

FEBRUARY 12, 2024

9, 2020, and the present, and paid a buyer broker commission. The complaint argues that NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor affiliated MLS, is the “cornerstone of [the] defendants’ conspiracy.” “If

Real Estate 468

Real Estate Real Estate Agent Realtors Buyers 468

Housing Wire

JULY 22, 2021

million, according to the National Association of Realtors. million in June 2020 as housing inventory has slowly improved in recent months. from June 2020 ($294,400), as every region recorded price jumps. Properties typically remained on the market for 17 days in June, unchanged from May and down from 24 days in June 2020.

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Inventory Buyers Realtors Construction 508

Housing Wire

OCTOBER 21, 2021

The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 Now that we are just 10 days away from Halloween in 2021, we can all chuckle a bit at how wrong the housing bears of 2020-2021 have been. This looks perfectly normal to me.

Realtors 540

Realtors Buyers Mortgage Inventory 540

Housing Wire

MARCH 31, 2021

compared to 2020. The Bay City Realtor Association reported that 222 homes have already been sold in 2021 – a 7.9% “People come here and they see our prices, and their eyes become saucers,” said Barb Appold, a realtor for Berkshire Hathaway Home Services MI Real Estate. increase year-over-year.

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Buyers Investors Realtors Agents 418

Housing Wire

APRIL 22, 2021

For the second consecutive month, existing-home sales fell, according to the latest National Association of Realtors report. from March 2020 ($280,700), as prices increased in every region. month supply recorded in March 2020. The current housing market is making it difficult for prospective buyers to afford a home.

Inventory 476

Inventory Buyers Realtors Investors 476

Housing Wire

DECEMBER 22, 2020

Today, the National Association of Realtors reported a 2.5% NAREHS pic.twitter.com/Q7QGLLb7Ls — NAR Research (@NAR_Research) December 22, 2020. The cooling in purchase application volume that typically occurs after May, due to seasonality, did not happen in 2020. Sales in total rose year-over-year, up 25.8%

Housing Market 545

Housing Market Buyers Realtors Marketing 545

Housing Wire

AUGUST 10, 2023

A little over a month after filing an agreement in one of the ongoing buyer broker commission lawsuits, New England’s largest multiple listing service (MLS), MLS Property Information Network (MLS PIN)’s attempt to settle the Nosalek case, has hit a snag. The changes are contingent on the settlement’s approval. “I

Buyers 369

Buyers Realtors Legal Finance 369

Housing Wire

AUGUST 6, 2020

mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. Low mortgage rates help to support real estate demand by making it possible for more buyers to qualify for loans. Average U.S.

Mortgage 518

Mortgage Inventory Buyers Housing Market 518

Housing Wire

NOVEMBER 13, 2020

The National Association of Realtors is saying that the median single-family home price grew year over year in all 181 metro areas it tracks. As of September 2020, there were enough homes in inventory to last 2.7 “Favorable mortgage rates will continue to bring fresh buyers to the market,” said Yun. In the U.S.,

Inventory 539

Inventory Realtors Buyers Development 539

Housing Wire

SEPTEMBER 10, 2020

Seasonally adjusted existing-home sales jumped 25% in July , beating the prior record monthly gain of 21% set in June, the National Association of Realtors said in an Aug. Existing home sales in 2020 likely will total 5.4 The buyers are coming in because of the low interest rates – that’s the No. million, a gain of 1.1%

Mortgage 541

Mortgage Housing Market Realtors Buyers 541

Housing Wire

JULY 23, 2024

That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. the highest number since the early days of the COVID-19 pandemic in May 2020. Sales of existing homes in June fell 5.4%

Inventory 508

Inventory Buyers Sellers Inspection 508

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 A big part of my work since the end of 2020 is explaining to people that housing data was going to moderate because the make-up demand from COVID created a surge in sales that is very abnormal. million in 2020.

Inventory 539

Inventory Housing Market Investors Buyers 539

Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

Housing Market 476

Housing Market Realtors Buyers Inventory 476

Housing Wire

APRIL 22, 2021

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. So take this year-over-year demand data with a grain of salt.

Housing Market 539

Housing Market Marketing Realtors Inventory 539

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% How 2020 is still shaping the way lenders use data. ” Poveda said he usually discourages his buyers from waiving an appraisal — a popular tactic that has popped up during the housing craze of the last 18 months.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. But recently, we’ve started to see buyers get cold feet. in May and a peak of 74.1%

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. compared to a year ago.

Inventory 535

Inventory Realtors Contracts Development 535

Housing Wire

SEPTEMBER 2, 2020

The buyers are coming in because of the low interest rates – that’s the No. 1 reason,” said Lawrence Yun, chief economist of the National Association of Realtors said in an interview with HousingWire. In the first months of the pandemic, Yun projected home sales in 2020 would see a 15% decline. million, a gain of 1.1%

Housing Market 546

Housing Market Marketing Realtors Mortgage 546

Housing Wire

AUGUST 21, 2020

million, the National Association of Realtors said in a report on Friday. rate for a 30-year fixed mortgage fell to a record low of 2.88% in the first week of August, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. The median price increased 8.5% The average U.S.

Inventory 546

Inventory Realtors Real Estate Housing Market 546

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. I thought creating the term forbearance crash bros in the Summer of 2020 would help educate homebuyers.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

AUGUST 29, 2024

That’s according to the July pending home sales index from the National Association of Realtors. to the second lowest seasonally adjusted rate in the data’s history, topping only April of 2020 when the market was frozen by the pandemic. On an annual basis, the index fell by 8.5% The index fell by 5.5% month over month to 70.2.

Buyers 459

Buyers Realtors Inventory Sellers 459