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 396

Buyers Realtors Real Estate Sellers 396

Housing Wire

JANUARY 18, 2024

The complaint names 35 entities as defendants, including the National Association of Realtors , local and national brokerages, MLSs and local Realtor associations. 17, 2020, and the present. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit.

Realtors 506

Realtors Brokerage Real Estate Realty 506

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. million homes, according to the National Association of Realtors. In August, 58.8%

Buyers 465

Buyers Inventory Real Estate Agent Sellers 465

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 431

Real Estate Realtors Realty Brokerage 431

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.

Clients 457

Clients Agents Buyers Sellers 457

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.

Realtors 449

Realtors Real Estate Real Estate Agent Sellers 449

Housing Wire

AUGUST 3, 2021

But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. in June, according to the National Association of Realtors , which tracks the metric. (An from June 2020. from June 2020.

Buyers 514

Buyers Inventory Realtors Contracts 514

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. While the median age of buyers gradually increased over the course of two decades, the COVID-19 pandemic sped it up.

Real Estate Agent 340

Real Estate Agent Buyers Sellers Realtors 340

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 466

Realtors Sellers Real Estate Buyers 466

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 487

Realty Realtors Real Estate Real Estate Agent 487

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 378

Realtors Real Estate Real Estate Agent Buyers 378

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 413

Marketing Realtors Buyers Property Taxes 413

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 295

Buyers Realtors Legal Real Estate 295

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 450

Real Estate Real Estate Agent Realtors Buyers 450

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 423

Housing Market Buyers Marketing Retail 423

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 431

Buyers Realtors Inventory Sellers 431

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 475

Inventory Buyers Sellers Inspection 475

Lamacchia Realty

NOVEMBER 11, 2024

Lamacchia Realty's Top Producing REALTORS® for October 2024! has released its “Top Producing REALTORS®,” for October 2024! This program recognizes the Top 10 REALTORS® company-wide and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc.

Realtors 69

Realtors Realty Real Estate Clients 69

Housing Wire

AUGUST 28, 2024

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent.

Real Estate Agent 460

Real Estate Agent Real Estate Agents Modernization 460

Housing Wire

SEPTEMBER 27, 2024

Key observations from August 2024: Agent mobility hits record low : The seasonally adjusted AMI metric has reached its lowest point since the index was established excluding the COVID month of April 2020 , indicating that agents are more inclined to stay with their current brokerages.

Agents 352

Agents Brokerage Training Buyers 352

Lamacchia Realty

OCTOBER 9, 2024

Lamacchia Realty's Top Producing REALTORS® for September 2024! has released its “Top Producing REALTORS®,” for September 2024! This program recognizes the Top 10 REALTORS® company-wide and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull.

Housing Market 387

Housing Market Marketing Sellers Buyers 387

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse.

Realtors 442

Realtors Housing Market Construction Real Estate 442

Housing Wire

JULY 23, 2024

The affordability issues we are now seeing make the housing market more balanced in the supply levels between buyers and sellers. We’re already seeing a buyer’s market in some of the more expensive markets that have to deal with higher levels of housing inflation, such as in parts of Texas and Florida. All four major U.S.

Marketing 470

Marketing Inventory Housing Market Buyers 470

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

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 318

Buyers Real Estate Agents Inventory 318

Housing Wire

SEPTEMBER 3, 2024

In response, Bright MLS chief economist Lisa Sturtevant noted that while “declining rates are good for both buyers and sellers,“ rates are not yet low enough to alleviate the lock-in effect that has stopped many potential listings in their tracks. The National Association of Realtors (NAR) reported last week that pending sales declined by 8.5%

Mortgage 474

Mortgage Inventory Buyers Sellers 474

Lamacchia Realty

SEPTEMBER 11, 2024

Lamacchia Realty's Top Producing REALTORS® for August 2024! has released its “Top Producing REALTORS®,” for August 2024! This program recognizes the Top 10 REALTORS® company-wide and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc.

Realtors 74

Realtors Realty Real Estate Clients 74

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.

Buyers 418

Buyers Investors Realtors Agents 418

Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers. Do you know of anyone who purchased a home within the past year?

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Housing Wire

MAY 10, 2021

Low home prices, large lots, and an up-and-coming downtown area, said Toni Reinhart, a realtor for Iron Valley Real Estate in Harrisburg. And the conversations are different right now for buyers — you’re going to be competing for homes, and you have to bring your A-game and a really competitive offer.”

Buyers 237

Buyers Real Estate Agent Real Estate Inventory 237

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

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 474

Buyers Sellers Realtors Inventory 474

Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. This dovetails with recent pending sales data from the National Association of Realtors. First-time buyers with smaller budgets, in particular, are likely to have more choices. year over year to $429,990.

Inventory 433

Inventory Buyers Sellers Mortgage 433

Lamacchia Realty

JULY 31, 2024

has released their “Top Producing REALTORS®,” for the Mid-Year 2024! This program recognizes the Top 10 REALTORS® company-wide and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the first 6 months of the year! Lamacchia Realty, Inc. Nicole was honored with the 2023 Meghan A.

Realtors 74

Realtors Realty Real Estate Clients 74

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.

Inventory 508

Inventory Buyers Realtors Construction 508

Lamacchia Realty

JUNE 7, 2024

has released its “Top Producing REALTORS®,” for May 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Since then, she has taken off running and has helped her buyers and sellers reach their goals.

Realtors 74

Realtors Realty Real Estate Clients 74