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Denver’s housing market takes sharp turn toward buyers

Housing Wire

If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. If not, the listing could sit for months. “[The

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New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

It was based on the premise that buyer brokers were using commission rates posted on the [ multiple listing service ] to steer buyers to properties that provided higher levels of compensation. … The settlement makes sense — but only on paper. The goal of the settlement was laudable,” Monestier writes. “It

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes. Are you considering selling your property?

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Real estate agents absolutely worth it, new consumer survey says

Housing Wire

Of the surveyed pool, 42% have sold since late 2022 as rising mortgage rates cooled the post-pandemic market. home seller paid a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January. Almost two-thirds of respondents (61%) go as far as calling cash buyer companies “scams.”

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Zillow’s new AI feature can talk to home shoppers like it’s a friend

Housing Wire

.” “Beyond easy-to-filter criteria like bedrooms and bathrooms, buyers are considering many other specific features that match their unique lifestyle,” Jenny Arden, Zillow’s chief design officer, said in a statement. “The future of real estate will be powered through AI,” Arden said.

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Guaranteed Rate’s new mobile app allows LOs to provide 24/7 service

Housing Wire

It’s now entirely possible for us to qualify buyers for their dream home by the time they leave the open house. Production volume in the first half of this year was down about 47% from the same period in 2022. Agents submitting an offer at 8:30pm? The lender originated $10.6 As of June 2023, Guaranteed Rate had a 2.5%

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Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

“Prior to the COVID-19 pandemic, it was normal for inventory to rise in February as the spring home sellers began listing their homes and buyers weren’t yet out in force,” Simonsen wrote in his February 13 housing market update. We are seeing some modest increases, but the pressure is still there for the buyers,” Redding said.