Remove 2022 Remove Real Estate Remove Realtors
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Real estate agents absolutely worth it, new consumer survey says

Housing Wire

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Of the 73% who said they preferred using agents, 67% believe traditional real estate agents are still the best option and 6% favor discount agents.

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Real Estate Agents Weigh in on Impact of NAR Settlement

Appraisal Buzz

Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Of course, as in all real estate deals, any negotiation is dependent on how much demand there is for a property.

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Real estate teams get most deals from their ‘sphere of influence’

Housing Wire

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The median team size increased from five in 2022 to six in 2024. Another 5% said they are “nonexistent.”

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Costs Mounting for Homebuyers

Appraisal Buzz

According to new research from Clever Real Estate , a St. Louis-based real estate company, homebuyers spend an average of $31,975 in homebuying expenses, such as closing costs, repairs, and moving, in addition to their down payment. home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.

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Two years after fleeing to the suburbs, homebuyers have flocked back to cities

Housing Wire

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

Housing Wire

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S. And I am confused.

Business 468
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Incomes are rising for experienced Realtors but falling for younger ones

Housing Wire

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues. million per agent in 2022 to $2.5

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