Housing Wire

JANUARY 10, 2023

of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. This represents the highest increase of any three-month period since July 2020 when Redfin started tracking this data. In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales.

Sellers 482

Sellers Real Estate Agent Buyers Mortgage 482

Housing Wire

JANUARY 11, 2023

And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . According to industry watchers, sellers are attracting buyers to their homes through mortgage rate buydowns. The percentage represents the highest increase since July 2020, when Redfin started tracking this data.

Sellers 529

Sellers Mortgage Loan Officers Buyers 529

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

NOVEMBER 9, 2020

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Compared to this time last year, the HPSI is still down 7.1 million Americans unemployed.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

APRIL 7, 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. There might even more intensity this year, since 2020’s spring homebuying season was limited by virus-related lockdowns,” Duncan said.

Sellers 518

Sellers Real Estate Real Estate Agent Loan Officers 518

Housing Wire

JANUARY 28, 2022

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said.

Sellers 459

Sellers Investing Investors Housing Market 459

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.

Housing Market 447

Housing Market Buyers Agents Marketing 447

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? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 458

Clients Agents Buyers Sellers 458

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It Buyers are really struggling.” But rising prices are not the only financial challenge buyers are having to contend with right now.

Buyers 432

Buyers Marketing Inventory Investors 432

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. In August, 58.8% During the four-week period that ended Sept. million and 1.92

Buyers 466

Buyers Inventory Real Estate Agent Sellers 466

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.

Buyers 429

Buyers Realtors Sellers Legal 429

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. times potential first-time buyer income) Detroit (2.9)

Buyers 273

Buyers Advertising Inventory Home Value 273

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.

Inventory 428

Inventory Buyers Agents Real Estate 428

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. June 2024 U.S.

Buyers 396

Buyers Contracts HOA Property Taxes 396

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. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

Housing Market 397

Housing Market Marketing Sellers Buyers 397

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 405

Buyers Realtors Real Estate Sellers 405

Housing Wire

OCTOBER 5, 2021

Redfin first launched Direct Access in April 2020 and over the past 18 months its service has expanded to 10 additional metropolitan areas, including Austin, Orange County, Seattle, San Francisco, Las Vegas, Denver, Dallas, Boston and Phoenix. The post Redfin allows buyers to tour homes without an agent appeared first on HousingWire.

Buyers 414

Buyers Agents Real Estate Technology 414

Appraisal Buzz

JUNE 27, 2024

Since the start of the epidemic in 2020, when the housing market all but collapsed, this is the first year that the average home has sold for less than list price during this time of year. That percentage is down from 36% a year ago and is the lowest for any June since 2020. Buyers may get a slight respite soon on costs soon.

Sellers 417

Sellers Buyers New Listings Agents 417

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 342

Real Estate Agent Buyers Sellers Realtors 342

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. trillion in loans, about half of 2021’s $4.4 trillion to $1.7

Buyers 434

Buyers Mortgage Sellers Investing 434

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.

Housing Market 478

Housing Market Marketing Inventory Buyers 478

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. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Austin has ranked as the No.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

DECEMBER 30, 2020

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. Low rates also continued to feed the refinance frenzy for many segments of borrowers while buyers created for a very early summer homebuying season. Quite the opposite. Meanwhile, refinancings rose to 65.7%

Mortgage 545

Mortgage Investors Housing Market Marketing 545

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. “The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

JUNE 14, 2024

The first occurred in May 2020, when the lockdowns imposed during the COVID-19 pandemic brought in-person showings and sales to a halt. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% year over year. That was up from 13.2% seen in October 2022.

Sellers 487

Sellers Buyers Contracts Brokerage 487

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 440

Real Estate Realtors Realty Brokerage 440

Housing Wire

JULY 24, 2024

It’s the largest year-over-year increase for any month in the past year and the highest share for the month of June going back to 2020. There are more listings hitting the market, but a lot of them aren’t in good condition or they’re not in a desirable neighborhood — and sellers are pricing unrealistically high.” a year ago.

Sellers 417

Sellers Housing Market Buyers Marketing 417

Housing Wire

JULY 23, 2024

the highest number since the early days of the COVID-19 pandemic in May 2020. With mortgage rates still hovering around 7%, economists believe buyers are waiting out the next few months until the Federal Reserve cuts benchmark rates, which is expected in September. “We’re It represents a 3.1% year-over-year increase.

Inventory 483

Inventory Buyers Sellers Inspection 483

Appraisal Buzz

SEPTEMBER 20, 2024

Potential first-time home buyers suffer the most from affordability challenges, as they lack the equity from an existing home to bring to the closing table,” Fleming says. higher compared to pre-pandemic levels (February 2020), the firm says. Demand from first-time homebuyers is keeping home prices in the lower price tiers elevated.

Buyers 390

Buyers Inventory Sellers Mortgage 390

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. 17, 2020, and the present.

Realtors 513

Realtors Brokerage Real Estate Realty 513

Housing Wire

FEBRUARY 22, 2024

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. They have gone through all of this and it will end up being punitive to buyers.

Sellers 448

Sellers Buyers Real Estate Agents 448

Housing Wire

DECEMBER 12, 2023

A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. 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.

Realtors 470

Realtors Sellers Real Estate Buyers 470

Housing Wire

OCTOBER 21, 2024

But while the debate surrounding CCP has only begun to boil over in the past six weeks, the policy in its current form dates back to 2020 — and the intention at the heart of it goes back even further. Fooling themselves’ While some in the real estate industry find the argument of increased seller choice compelling, others are not buying it.

Brokerage 432

Brokerage Real Estate Sellers Agents 432

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. The post Threat of climate change looms large for some home buyers appeared first on HousingWire.

Buyers 477

Buyers Real Estate Agent Real Estate Brokerage 477

Appraisal Buzz

JULY 12, 2024

According to new Redfin research , a buyer on a $3,000 monthly budget may purchase a $447,750 house with a 6.85% mortgage rate, which is the daily average as of July 11. The current small decline in rates may encourage more potential sellers to come off the sidelines. home, which is approximately $400,000 in cost. “The

Contracts 370

Contracts Inventory Buyers Sellers 370

Housing Wire

APRIL 12, 2024

According to Altos Research data , 90-day median list prices have risen from roughly $230,000 in April 2020 to $275,000 in early April 2024, contributing to the slowdown in home sales. year over year, and nearly identical to the 2,492 homes sold in February 2020 prior to the COVID-19 pandemic. recorded in mid-February 2020.

Insurance 437

Insurance Housing Market Marketing Agents 437