Housing Wire

OCTOBER 28, 2024

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

Business 468

Business Sellers Realtors Buyers 468

Housing Wire

MARCH 13, 2024

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

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. But in 2022, the share of homes bought in rural areas (19%) and small towns (29%) jumped considerably. Urban areas also took a hit, falling from 13% to 10%.

Realtors 468

Realtors Housing Market Construction Real Estate 468

Housing Wire

MARCH 31, 2025

Florida’s long-standing reputation as America’s affordable sunshine paradise is rapidly dimming under the weight of skyrocketing housing costs, unsustainable insurance premiums and crumbling infrastructure, according to a new report from real estate analytics firm Cotality.

Insurance 445

Insurance Property Taxes Construction Transportation 445

Housing Wire

SEPTEMBER 19, 2024

Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. If more buyers come in than supply comes in, that has to dictate stronger prices or more sales, one of the two.”

Real Estate Agent 511

Real Estate Agent Real Estate Agents Buyers 511

Appraisal Buzz

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370

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 345

Real Estate Agent Buyers Sellers Realtors 345

Housing Wire

MARCH 12, 2024

PureWest Christie’s International Real Estate , a Montana -based real estate brokerage, is expanding into northern Idaho , the firm announced on Tuesday. The brokerage , which is a longtime affiliate of Christie’s International Real Estate, is the largest independently owned brokerage in Montana.

Real Estate 448

Real Estate Brokerage Agents Technology 448

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” There is no doubt that buyers will experience several highs and lows during the course of the year. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

FEBRUARY 14, 2024

Real estate investors purchased 26.1% It was the highest share ever recorded and was up from 24% in Q4 2022. When they find those properties, they pile in,” Carrie Caruthers, a Redfin real estate agent in Riverside County, California, said in the report. of investor purchases, also down from Q4 2022.

Real Estate 521

Real Estate Investors Real Estate Agent Market Value 521

Housing Wire

MARCH 20, 2025

fell in 2024, continuing a downward trend as real estate investors grapple with tight profit margins. decline from the recent peak of nearly 441,000 flips in 2022. Additionally, the share of flipped homes sold to buyers using Federal Housing Administration (FHA) loans remained steady at 10.7%. That marked a 7.7%

Investors 343

Investors Finance Renovations Buyers 343

Housing Wire

DECEMBER 15, 2023

Real estate tech firm Prevu announced a Series A financing round Thursday of $6 million. Launched in New York City in 2017, Prevu offers buyers up to 2% cash back of the purchase price thanks to its commission rebate. billion in real estate transactions over the past six years. “In

Real Estate 447

Real Estate Finance Technology Investors 447

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. Here are the five real estate contradictions we’re seeing as we close out 2024 and prepare for the new year. Housing demand is high in some areas while others struggle to sell Real estate markets across the U.S.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Housing Wire

DECEMBER 18, 2024

A new real estate platform launching this month is offering homebuyers a glimpse into neighborhoods beyond the standard Zillow listing. Oyssey , a tech startup founded in 2022, is leveraging social data including age, education and income demographics as a means of understanding homebuyers beyond their standard housing preferences.

Real Estate 397

Real Estate Real Estate Agent Brokerage Contracts 397

Appraisal Buzz

DECEMBER 30, 2024

The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! The real estate professionals make their best predictions based on data, but no one can know whats going to happen with 100% accuracy.

Housing Market 363

Housing Market Marketing Inventory Real Estate 363

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 468

Real Estate Agent Real Estate Agents Modernization 468

Housing Wire

APRIL 22, 2024

Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Please think of me as your go-to resource for all things real estate.

Real Estate 467

Real Estate Open Houses Brokerage Real Estate Agent 467

Appraisal Buzz

NOVEMBER 1, 2024

at the beginning of 2022 and 30.5% year-over-year, in part because to builders’ efforts to attract buyers with incentives including cash toward closing costs and mortgage-rate buydowns. in Q2 of 2022. in Q1 of 2022. in Q1 of 2022. in Q1 of 2022. “A That is lower than the record-high 34.4% a year ago.

Construction 370

Construction Inventory Real Estate Agent Agents 370

Housing Wire

MARCH 11, 2025

As he and his clients walked out the door of a multi-million home they had just toured together, the buyer told Sarway he wanted to submit an offer. Instead, he took a deep breath, remembered his fiduciary duty to his buyer and told him exactly why buying the apartment would be a mistake. A vacation cabin upstate. And lots of them.

Agents 317

Agents Real Estate Agent Real Estate Clients 317

Housing Wire

SEPTEMBER 5, 2024

in 2022, according to HUD. Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S. ”

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

JANUARY 22, 2025

This is the largest difference ever recorded by the real estate portal as the pricing gap has grown considerably from pre-pandemic levels. For-sale listings are now 25% below their pre-pandemic averages a much smaller gap compared to 37% in January 2024 and 51% in February 2022. Zillow analyzed the 50 largest U.S.

Inventory 448

Inventory Home Value Housing Market Buyers 448

Housing Wire

FEBRUARY 24, 2025

There are obviously fewer buyers who can afford these prices. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. The more rates fall the more we want to own real estate. Rates dropped to ultra-low levels, so we wanted to own every bit of real estate possible.

Inventory 495

Inventory New Listings Sellers Contracts 495

Housing Wire

JANUARY 27, 2025

Can you build a thriving real estate business on TikTok? No cold calling, no door knocking just (patiently) educating new and move-up buyers with quick-hit educational TikTok videos. When we caught Kina on a recent episode of the Real Estate Rockstars podcast, we had questions lots of them. Kina Desantis did.

Agents 369

Agents Business Real Estate Real Estate Agent 369

Housing Wire

JANUARY 9, 2025

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. I would say there are more buyers out there now than there were pre-pandemic when the rates were lower.

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Housing Wire

NOVEMBER 16, 2023

Despite multiple class-action antitrust commission lawsuits , increased uncertainty over mortgage rates and low housing inventory , Compass CEO and founder Robert Reffkin says “there has never been a better time to be in real estate than right now.” Good times, like 2021, create bad habits. Bad times create good habits,” Reffkin said.

Real Estate 459

Real Estate Agents Buyers Clients 459

Housing Wire

MAY 14, 2024

But local real estate professionals would beg to differ. Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. They spook easier.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Housing Wire

AUGUST 14, 2024

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. John Burns Real Estate Consulting Burns data shows Denver’s net household growth has turned negative by 2.1% The buyers in the market tend to fit a similar profile.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. According to the brokerage, 6.5%

Sellers 516

Sellers Buyers Real Estate Agent Inventory 516

Housing Wire

JANUARY 10, 2024

The National Retail Federation found that during the 2022 holiday season, retailers saw 17.9% In the world of real estate , transactions are not merely about properties but also the people behind them. Did your buyer ask you where the best wine shop in the neighborhood is located?

Real Estate 465

Real Estate Clients Retail Client Relationships 465

Housing Wire

MARCH 20, 2025

While the adoption of a standardized ROV policy was one that real estate appraisers understood and was generally good for appraisers and consumers, the issues associated with appraisal appeals will continue to evolve without the FHA policy, said Bill Garber, director of communications for the Appraisal Institute.

Appraisal 243

Appraisal Reconsideration of Value Real Estate Legal 243

Housing Wire

FEBRUARY 23, 2024

In December 2023, a startling rumor started to spread on social media — that large institutional buyers had purchased 44% of the available homes on the market in 2023, leaving policymakers concerned with the potentially predatory grip of these entities. New Western , meanwhile, also stood out as a marketplace for real estate investors.

Buyers 448

Buyers Investors Real Estate Insurance 448

Housing Wire

JULY 30, 2024

The August 17 deadline is looming, and many Realtors are gnashing their teeth over how they can share their seller’s offers of buyer broker compensation while still complying with the terms of the settlement. Bell approached real estate and mortgage firm Avenu Technologies with her challenge. From this, HomeKick was born.

Buyers 459

Buyers Realtors Agents Sellers 459

Housing Wire

FEBRUARY 25, 2025

Housing markets in much of the country have started tilting in buyers favor, allowing buyers to set the terms they want. Cash purchases still common Cash buyers accounted for 30.6% Cash purchases still common Cash buyers accounted for 30.6% home purchases in December, down from 33.8% in September. in September.

Buyers 339

Buyers Renovations Housing Market Real Estate 339

Housing Wire

NOVEMBER 18, 2024

For real estate agents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country. Yet each of these states faces unique real estate hurdles that shape the prospects for both home sales and rentals. inflation climbing to 2.6% Last year, 44.5

Real Estate 397

Real Estate Agents Real Estate Agent Marketing 397

Appraisal Buzz

FEBRUARY 17, 2025

in the middle of 2022. Lock-in Effect Moderates as Buyers Adjust to Elevated Rates The lock-in effect has discouraged homeowners from listing their homes for sale, which has contributed to Americas acute housing scarcity. The rate-lock effect is letting up a bit here in Seattle, said local Redfin Premier real estate agent David Palmer.

Mortgage 347

Mortgage Real Estate Agent Home Value Agents 347

Housing Wire

FEBRUARY 28, 2025

Big picture 2025, our view is that it will be slightly better than 2024 in terms of originations and sales , but unfortunately it probably wont feel much better, McKeveny, the managing director of mortgage and real estate at Zelman & Associates , told attendees of HousingWires Housing Economic Summit on Wednesday.

Housing Market 428

Housing Market Inventory Buyers Mortgage 428

Housing Wire

JANUARY 8, 2024

2022 started insanely strong and weakened rapidly in the second quarter. If they have buyers, the price of the new listings spikes up quickly. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” Home prices will be up this year by a few percentage points, also.

Real Estate 508

Real Estate Marketing Inventory New Listings 508