Housing Wire

SEPTEMBER 30, 2022

It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. It’s now possible to buy a home for $400,000 that would have sold for $500,000 in 2021.”. Not yet anyway. James Kleimann contributed to this report.

Buyers 482

Buyers Mortgage Loan Officers Retail 482

Housing Wire

NOVEMBER 21, 2024

million, according to data released Thursday by the National Association of Realtors (NAR). year-over-year improvement, marking the first annualized increase since July 2021. The share of first-time buyers rose slightly to 27% in October, up from 26% a month before, but down from 28% in October 2023. This also was a 2.9%

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

Housing Wire

MAY 28, 2021

But in the hot housing market of 2021, even those homes are getting immediate, multiple offers when they hit the market. year over year in March 2021, per a report from Norada Real Estate Investments. . year over year in March 2021, per a report from Norada Real Estate Investments. “I mean, it’s California, right?

Buyers 431

Buyers Real Estate Agents Inventory 431

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 There were 3,541 respondents to the online survey which ran from May 3-10, 2021, of which 1,731 had a client.

Realtors 497

Realtors Buyers Housing Market New Listings 497

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 459

Clients Agents Buyers Sellers 459

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

OCTOBER 3, 2024

District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty. While the National Association of Realtors (NAR) was not named as a defendant in the suit, it was listed as a co-conspirator along with several Realtor-owned MLSs.

Realtors 448

Realtors Real Estate Sellers Agents 448

Housing Wire

OCTOBER 23, 2024

million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices. After falling 2.5% in September.

Inventory 466

Inventory Realtors Buyers Real Estate 466

Housing Wire

OCTOBER 3, 2023

Since acquiring Homes.com in 2021 , commercial real estate giant CoStar Group has made it crystal clear that it was playing for keeps in the residential real estate market. BH: I have heard some comments from CoStar about how Homes.com is well positioned for success regardless of what happens with the buyer broker compensation lawsuits.

Buyers 435

Buyers Real Estate Agents Business 435

Housing Wire

FEBRUARY 28, 2024

The National Association of Realtors is facing yet another copycat commission lawsuit. At the center of the lawsuit is 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 association affiliated MLS. Filed on Tuesday in U.S.

Realtors 459

Realtors Legal Agents Real Estate 459

Housing Wire

JANUARY 9, 2024

Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.” commission ($10,250) to the buyer broker.” 2023, the Masiello suit is seeking class action status for all persons who used any brokerage defendant to list and sell a home on an Arizona MLS and paid a buyer broker commission between Jan.

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

MARCH 31, 2021

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. Incredibly, that median listing price of $92,000 is up 15.8%

Buyers 418

Buyers Investors Realtors Agents 418

Housing Wire

MAY 10, 2021

So much so, in fact, that Harrisburg is ranked seventh on Realtor.com’ s list of housing markets positioned for the most growth in 2021 — ahead of Denver, Los Angeles, Las Vegas, San Diego and Dallas. Low home prices, large lots, and an up-and-coming downtown area, said Toni Reinhart, a realtor for Iron Valley Real Estate in Harrisburg.

Buyers 339

Buyers Real Estate Agent Real Estate Inventory 339

Housing Wire

MAY 1, 2024

Lutz, a resident of Colorado, purchased a home in Key Colony, Florida, in 2021 with the help of a buyer’s agent employed by a HomeServices of America franchise. Lutz’s attorneys wrote that this has “led to higher home prices paid by buyers.” On Monday, homebuyer James Lutz filed a class-action antitrust lawsuit in a U.S.

Sellers 468

Sellers Real Estate Agent Realtors Real Estate 468

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. 20, the National Association of Realtors said that contract signings were up 23% year over year. Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

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. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. million in 2021, up from 50.5

Sellers 418

Sellers Buyers Real Estate Agent Real Estate 418

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 9, 2024

Homebuilders are observing a rise in demand for homes that can accommodate natural aging from Gen X buyers. A report released last week by the National Association of Realtors (NAR) said that Gen X homebuyers have a median income of $126,900, and are still years away from retirement.

Buyers 511

Buyers Construction Realtors Housing Market 511

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 As I wrote in my blog in 2020: “The rule of thumb I am using for 2021 is that existing home sales if they’re doing good, should be trending between 5,840,000-6,200,000. million and 6.2 million in 2020.

Inventory 539

Inventory Investors Housing Market Buyers 539

Housing Wire

JULY 28, 2021

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Statistics show that anywhere from 88–90% of home buyers with an agent and use that agent as their go-to source for information. claim dominance.

Brokerage 545

Brokerage Real Estate Clients Agents 545

Housing Wire

FEBRUARY 20, 2024

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% While the gains should be celebrated, the pathway into homeownership remains arduous for minority buyers.”

Buyers 476

Buyers Inventory Realtors Mortgage 476

Housing Wire

NOVEMBER 8, 2023

Known as Batton 2, after the lead plaintiff Mya Batton, the lawsuit accuses Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman of conspiring to artificially inflate agent commissions, resulting in elevated home-buying costs.

Real Estate 459

Real Estate Realtors Sellers Agents 459

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. Between 2017 and 2021, rural areas and small towns had remarkably consistent shares of the home purchase market at about 13% and 22%, respectively.

Realtors 468

Realtors Housing Market Construction Real Estate 468

Housing Wire

DECEMBER 6, 2023

Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS. 4, 2019 and the present. These allegations are absurd.

Realty 459

Realty Realtors Brokerage Real Estate 459

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. This is shifting the market toward buyers.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Housing Wire

FEBRUARY 21, 2024

In her dismissal ruling on Tuesday, Wood wrote that the plaintiffs’ request for injunctive relief under the Sherman Antitrust Act “essentially mirror the allegations” made in the original 2021 complaint that she dismissed in May 2022 (which was previously known as the Leeder case). ” Wood also cited the $5.36

Realtors 435

Realtors Brokerage Real Estate Law 435

Housing Wire

DECEMBER 28, 2021

But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” 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.

Real Estate 476

Real Estate Realty Brokerage Realtors 476

Appraisal Buzz

DECEMBER 19, 2024

The National Association of Realtors reports that existing-home sales increased in November. More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. Three major U.S. from October to 4.15

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

JANUARY 29, 2024

In an amended complaint filed on Friday, home sellers Danielle and Jessie Kay (who sold a house in Baden, Pennsylvania, in December 2021 with the help of an agent from Realty One Group Gold Standard ) were added as a plaintiff. The Pennsylvania copycat commission lawsuit has some new defendants and a new plaintiff.

Brokerage 433

Brokerage Realty Real Estate Real Estate Agent 433

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%. Next month will have a much bigger year-over-year growth sales print.

Housing Market 539

Housing Market Marketing Realtors Inventory 539

Housing Wire

JULY 19, 2024

According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April to June of this year were up 40.8% Interest rates are a big part of the story,” Texas Realtors Chairman Jef Conn said in a statement. compared to the same period last year. year over year to $345,000. annualized increase and 4.8

Inventory 476

Inventory Realtors Housing Market Buyers 476

Housing Wire

AUGUST 22, 2024

The plaintiff, James Lutz, is a resident of Colorado who purchased a home in Key Colony, Florida, in 2021 with the help of a buyer’s agent employed by a HomeServices of America franchise. Lutz is being represented in the suit by Randall P.

Law 434

Law Real Estate Agent Brokerage Real Estate 434

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

JANUARY 12, 2024

The Colorado MLS now has partnered with First Multiple Listing Service (FMLS), MLS Listings , Miami Association of Realtors and Heartland MLS , bringing the free flow of listings between REcolorado subscribers and professionals in the Atlanta metro area, Northern California , South Florida and the Kansas City metro area.

Real Estate Agent 468

Real Estate Agent Real Estate Realtors Agents 468

Housing Wire

JULY 20, 2021

.” Homes for sale are still being snatched up quickly throughout the country, but a recent slowdown in bidding wars may signal some buyer fatigue in the housing market. New listings are also up 4% year over year, meaning more properties are hitting the housing market for buyers to bid on. in May and a peak of 74.1% million and 1.92

Housing Market 511

Housing Market Marketing Inventory Construction 511

Housing Wire

SEPTEMBER 3, 2024

year over year in Q2 2024 and were 61% below peak activity levels of 2021. 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.

Mortgage 501

Mortgage Inventory Buyers Sellers 501