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

OCTOBER 26, 2024

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. Let’s see what the data for last week tells us. Weekly inventory change (Oct.

Inventory 523

Inventory Sellers New Listings Mortgage 523

Housing Wire

JULY 28, 2023

Outsiders to the real estate industry may assume that the tight market has real estate agents hanging up their hats. In reality, today’s agents are seizing the market and feeling confident. Real estate agents are still confident in the industry and the market. The answer is undeniable.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Housing Market 370

Housing Wire

DECEMBER 11, 2023

When affordability meets fair housing Recently, during a coaching session with an agent, that agent shared how a recent seller, Bob, sold his home of 20 years and made so much money on the sale that he was able to purchase a retirement home in Savannah, Georgia, and have plenty of money left over for a nice retirement nest egg.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Lending 476

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

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 Inventory Real Estate Agent 516

Housing Wire

MARCH 2, 2023

And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. The pandemic definitely changed the real estate market ,” Todd Alperin, a Better Homes and Gardens Real Estate The Masiello Group agent based in Southern New Hampshire, said.

Real Estate Agent 418

Real Estate Agent Inventory Real Estate Agents 418

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5

Housing Market 529

Housing Market Marketing Real Estate Agent Real Estate 529

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 448

Real Estate Agent Real Estate Loan Officers Agents 448

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. billion, up from $6.9

Sellers 397

Sellers Real Estate Realtors Real Estate Agent 397

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

Real Estate Agent 459

Real Estate Agent Real Estate Sellers Buyers 459

Housing Wire

AUGUST 25, 2022

“By leveraging innovative digital technology and the company’s industry-leading public records data, the PRISM platform delivers a more efficient, more convenient real estate transaction experience for our title agents and the lenders, real estate agents, buyers and sellers they serve.”.

Agents 435

Agents Real Estate Agent Real Estate Sellers 435

Housing Wire

JUNE 11, 2024

According to the release, the integration will allow Offerpad to provide a cash offer to more sellers and will extend Offerpad’s reach to a larger audience of potential sellers. We have our homebuyer partnership network and our real estate agent partnership network, so the next best place for us to be is a large marketplace.”

Sellers 488

Sellers Real Estate Agent Buyers Real Estate 488

Housing Wire

SEPTEMBER 5, 2024

in 2022, according to HUD. An accessible checklist on the FHA website would give home sellers, buyers, housing counselors, real estate agents and others a reliable source of information, according to the report. of the U.S. mortgage market in 2023, up from 14.3%

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

NOVEMBER 15, 2023

Borrowers with temporary rate buydowns funded by a seller, builder or lender pay a lower mortgage rate during the initial period of their loans, and the borrower’s reduced monthly payments are subsidized with money deposited into an escrow account.

Appraisal 459

Appraisal Real Estate Agent Sellers Government 459

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Marketing 526

Marketing Buyers Sellers Realtors 526

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. of UWM’s mix in 2021, and company executives expect that number to grow in 2022 as rates climb. billion, up 103.3%

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

JANUARY 12, 2024

in mid-2022. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat. In the third quarter of 2023, 88.5% from a year ago.

Real Estate Agent 493

Real Estate Agent Sellers Inventory Mortgage 493

Housing Wire

OCTOBER 28, 2022

One of the biggest benefits of social media for real estate agents and mortgage brokers is the ability to highlight your success stories to connect with clients. To go back to the full HousingWire Annual 2022 on demand page, go here. Watch the full session below.

Real Estate Agent 434

Real Estate Agent Development Real Estate Agents 434

Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. In 2022, the Husky Homes team closed 121 transactions and more than $48.4 Compass launched operations in Wisconsin in 2021 and currently operates eight offices with 175 real estate agents. million in sales volume.

Real Estate Agent 435

Real Estate Agent Real Estate Realty Technology 435

Housing Wire

OCTOBER 26, 2023

The partnership extends Offerpad’s reach by allowing seller requests from areas outside of Offerpad’s current markets to be served by certified agents affiliated with the Anywhere Leads Network , a nationwide network of 500 brokers and more than 100,000 real estate agents. “As Offerpad operates in 14 states.

Real Estate Agent 435

Real Estate Agent Real Estate Sellers Agents 435

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

SEPTEMBER 17, 2024

To get a sense for what the mood is among real estate agents right now, look no further than Portland , Oregon. 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. It’s just very emotional right now.”

Housing Market 479

Housing Market Marketing Sellers Buyers 479

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. What’s especially interesting is that unlike average or low-performing agents, top-performing agents simply don’t lower their commission rates very often. “I

Agents 435

Agents Real Estate Agent Brokerage Real Estate 435

Housing Wire

OCTOBER 27, 2023

Real estate commissions always have fluctuated given the market conditions and, according to RealTrends , commission rates are currently well below where they were in the ‘90s. Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner. population.

Real Estate Agent 488

Real Estate Agent Real Estate Realtors Buyers 488

Housing Wire

JANUARY 16, 2024

The latest copycat commission lawsuit alleges that real estate industry players in Nevada have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission.

Realtors 476

Realtors Real Estate Real Estate Agent Sellers 476

Housing Wire

SEPTEMBER 12, 2023

Yakima Valley, Washington-based The Real Estate Collective , is RE/MAX’s latest franchise, according to an announcement on Tuesday. The new firm is owned by Haley Larson, who joined RE/MAX with her 17 agents. In 2022, Larson’s agents achieved $55 million in sales volume, according to the release.

Brokerage 418

Brokerage Real Estate Agent Real Estate Agents 418

Housing Wire

NOVEMBER 2, 2022

The housing industry, from servicers to real estate agents and more, will feel the impacts of this year’s hurricane season far beyond 2022. 16, 2022, according to FEMA. Many states do have sellers disclosure laws. Beyond that, there are more questions than answers regarding the future of the program.

Real Estate Agent 418

Real Estate Agent Insurance Mortgage Real Estate 418

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 482

Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

APRIL 23, 2024

Martell said that when the mortgage market meltdown happened in 2022, the company set a plan that included simplifying the organizational structure, focusing on client service and quality, automation and operating leverage. million loss in 2022. . “On the cost side, obviously, we’re tightening our belts,” Martell said.

Mortgage 436

Mortgage Real Estate Agent Real Estate Renovations 436

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.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs.

Agents 418

Agents Buyers Real Estate Agent Mortgage 418

Housing Wire

JANUARY 9, 2025

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. We are still experiencing the multiple-offer phenomenon, although it is not quite as prevalent as it was a year ago, said Linda Feinstein , a Hinsdale, Illlinois-based agent for Compass. as of Jan. a year ago.

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Appraisal Buzz

NOVEMBER 1, 2024

at the beginning of 2022 and 30.5% Since the supply of new-construction homes increased in 2022 and 2023 while the supply of existing homes decreased, a significant percentage of homes for sale during the past four years have been newly constructed. in Q2 of 2022. in Q1 of 2022. in Q1 of 2022. in Q1 of 2022. “A

Construction 370

Construction Inventory Real Estate Agent Agents 370

Housing Wire

JUNE 20, 2024

Interest rates are a major headache for real estate agents across Illinois. On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

SEPTEMBER 15, 2023

in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. That rate is up from 14.3% The median U.S. This price was 2.8%

Buyers 448

Buyers Mortgage New Listings Real Estate 448

Appraisal Buzz

NOVEMBER 4, 2024

Housing Markets The median household income for the average homebuyer increased from $107,000 in 2022 to $108,800 in 2023. Agents, Lenders Assist Purchasers During Complex Homebuying Process With 86% of all purchasers using their services—the most of any information source—real estate agents were vital to the homebuying process.

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370