Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. According to data from CoreLogic, Denver’s average price per square foot has risen 35% since 2020. This gave sellers the upper hand, but the market has turned in recent months. year over year.

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Buyers Housing Market Marketing Sellers 468

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. The lawsuit names the National Association of Realtors and Keller Williams as co-conspirators, but they are not defendants in the suit. “The In a lawsuit filed on Tuesday in U.S. The plaintiff is demanding damages, a permanent injunction and a jury trial.

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Brokerage Sellers Realtors Agents 448

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.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

FEBRUARY 12, 2024

On Friday, home seller plaintiff Dalton Jensen filed an antitrust lawsuit in U.S. 9, 2020, and the present, and paid a buyer broker commission. 9, 2020, and the present, and paid a buyer broker commission. Yet another copycat commission lawsuit has hit the court dockets.

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Real Estate Real Estate Agent Realtors Buyers 468

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. What is holding back potential homeowners from buying?

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Buyers Sellers Realtors Inventory 482

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. Sellers think it’s a seller’s market. From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull.

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Housing Market Marketing Sellers Buyers 477

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%

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Inventory Buyers Sellers Inspection 508

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 Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. million, a 1.1%

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Contracts Realtors New Listings Real Estate 501

Housing Wire

MARCH 28, 2024

The MLS added that in the DOJ’s argument about steering, it did not acknowledge that the rule changes also made information about sellers’ offers of compensation available to other consumers. DOJ’s apparent change of heart in its [statement of interest] in this case is striking,“ NWMLS wrote in the draft of its brief. “DOJ’s

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Sellers Contracts Buyers Realtors 457

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. Sellers remain in control, but the next month or two will be very telling,” Stacey Delgado, a Redfin agent in Raleigh said.

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Buyers Inventory Real Estate Agent Sellers 468

Housing Wire

APRIL 1, 2021

But they point to something more specific – homebuyers and sellers surprised to interact with a non-white real estate agent. Just 6% of all of the National Association of Realtors’ 1.4 million members in 2020 identified as Black, despite respondents having the option of identifying with more than one race.

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Real Estate Agent Real Estate Agents Open Houses 418

Housing Wire

FEBRUARY 19, 2021

The National Association of Realtors reported that existing home sales for January were at 6,669,000, which beat estimates. year over year, which I warned could happen during the years 2020-2024. We still have not completely made up for the lost sales in 2020 due to COVID-19. The year-over-year growth was an impressive 23.7%.

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Housing Market Realtors Mortgage Sellers 528

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home.

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Marketing Realty Housing Market Realtors 534

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 15, 2024

That’s a swing of 17% fewer sellers in just a matter of days. The National Association of Realtors , via its Seasonally Adjusted Annual Rate of Existing Home Sales series, reported that the peak home sales volume of 6.6 What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade.

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Mortgage New Listings Inventory Sellers 459

Housing Wire

JULY 23, 2024

Originally filed in 2020 by Top Agent Network (TAN), the suit takes aim at the National Association of Realtors ’ (NAR) ban on pocket listings via its Clear Cooperation Policy. The second of two lawsuits dealing with pocket listings has been allowed to proceed after a U.S. … PLS also alleges that the effort succeeded.’

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Realtors Agents Real Estate Marketing 466

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.

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Realtors Housing Market Construction Real Estate 468

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. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

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Sellers Buyers Real Estate Contracts 459

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. These factors also impacted when, where and how buyers purchased homes, according to NAR’s 2022 Profile of Home Buyers and Sellers , which also analyzed the demographic of buyers and sellers across America.

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Sellers Buyers Real Estate Agent Real Estate 418

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. From NAR : Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of REALTORS®.

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Marketing Inventory Housing Market Buyers 493

Housing Wire

OCTOBER 21, 2024

The controversial Clear Cooperation Policy from the National Association of Realtors continues to spark debate — for several reasons — among real estate professionals. Fooling themselves’ While some in the real estate industry find the argument of increased seller choice compelling, others are not buying it.

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Brokerage Real Estate Sellers Agents 448

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Mortgage Inventory Housing Market Construction 488

Housing Wire

DECEMBER 28, 2021

real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic. million homes sold at the end of September, according to National Association of Realtors data. on pace for 6.29 July was the plateau.

Real Estate 476

Real Estate Realty Brokerage Realtors 476

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.

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Buyers Realtors Inventory Sellers 459

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. As rates fall, the rate gap is going to be less of an obstacle to sellers.

Mortgage 501

Mortgage Inventory Buyers Sellers 501

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% in October.

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Inventory Contracts Training Investors 532

Housing Wire

JANUARY 9, 2023

Home sales bottoming out as sellers eventually capitulate on price. Assuming mortgage rates do not drop substantially in 2023, sellers will eventually need to capitulate on price to adjust to this new reality. Cincinnati and Miami. The shift to a buyer’s market is driven primarily by rising mortgage rates.

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Retail Sellers Buyers Market Value 505

Housing Wire

OCTOBER 23, 2023

In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions. According to Warner, the module that mentions commissions had just 138 views in 2020 and 2021, combined, among HomeServices’ 51,000 agents.

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Law Agents Realtors Contracts 459

Housing Wire

MAY 3, 2023

According to RealTrends’ historical data, agent commissions reached a high point in 1991 at an average of 6.10% and fell to a nadir of 4.94% in 2020 before climbing to 5.06% in 2021 and 5.32% in 2022. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

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Agents Real Estate Agent Brokerage Real Estate 435

Housing Wire

MARCH 25, 2021

. “During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. million, according to the National Association of Realtors. That’s a full 5% drop. Sales of existing homes fell 6.6% month-over-month.

Mortgage 543

Mortgage Construction Realtors Inventory 543

Housing Wire

JULY 24, 2024

Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Realtors in the area say that buyers who were trying to wait out the high rate environment are choosing to accept that current rates are simply the new normal. But rate cuts are looming.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Housing Wire

MARCH 9, 2022

From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. “These escalating home values were no doubt beneficial to homeowners and home sellers,” Yun said in a statement. In 2020, just 27.7%

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Home Value Realtors Marketing Inventory 468

Housing Wire

DECEMBER 19, 2024

Altos considers anything above 30 to be indicative of a sellers market. According to data from the IRS that was analyzed by a local news station, more than 16,000 people moved into the Granite State from 2020 to 2022. 18, with a market action index score of 55.77. We need to get 6,000 or 7,000 homes on the market a month.

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Housing Market Marketing Inventory Clients 393

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. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out.

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Inventory Housing Market Real Estate Agent Buyers 511

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. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

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Real Estate Agent Buyers Sellers Realtors 345

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 Altos considers anything above a 30 to be a seller’s market. It is so hard to compete with that.” Baby boomers are not moving.

Buyers 459

Buyers Marketing Inventory Investors 459

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 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). 25% of all sales were cash sales, per the report.

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Realtors Buyers Housing Market New Listings 497