Housing Wire

NOVEMBER 4, 2024

In the third quarter of 2024, newly built single-family homes made up just 28% of homes for sale, according to a recent Redfin report based on data from the National Association of Realtors (NAR) and the U.S. market share, while first-quarter 2022 saw a record high of 34.4%. Census Bureau. One year ago, new homes held a 30.5%

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Marketing Inventory Construction Realtors 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. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

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Real Estate Agent Buyers Sellers Realtors 345

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. The highest documented average age of home sellers was 63 years old. The majority of sellers (87%) stated that they would refer their agent for future services either definitely (72%) or possibly (15%).

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Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

MAY 15, 2024

In the 24 months beginning March 2022, the U.S. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. The lower rates go, the fewer home sellers we have.

Mortgage 459

Mortgage New Listings Inventory Sellers 459

Appraisal Buzz

JULY 18, 2022

Unless you’re living under a rock, you have heard that interest rates have been rapidly increasing since Q1 of 2022. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%. Sellers are panicking right now which is almost always an opportunity for buyers. I waived no contingencies.

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Sellers Marketing Market Value Home Value 435

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.

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Sellers Real Estate Realtors Real Estate Agent 397

Appraisal Buzz

NOVEMBER 26, 2024

With more properties available to buyers, sellers will be under pressure to compete. Working with an excellent realtor to assist price and market a house listing will be more crucial than in previous years. Compared to the record rent growth in 2022, the market for apartment tenants was comparatively favorable this year.

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Housing Market Tenants Marketing Mortgage 396

Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. enters the third year of the pandemic, the 2022 housing market remains on stable ground. While interest rates are projected to rise in 2022 to 3.5% As the U.S. Demographics.

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Buyers Inventory Landlords Housing Market 488

Appraisal Buzz

NOVEMBER 27, 2024

District Court for the Western District of Missouri has granted final approval of the National Association of Realtors (NAR) proposed settlement agreement to resolve class action claims related to broker commissions. The Court heard from all parties, as well as objectors and the Department of Justice (DOJ).

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Realtors Brokerage Real Estate Real Estate Agent 243

Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. All cash buyers now stand at 24%.

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Realtors Housing Market Marketing Buyers 418

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. million in July 2022). million in July.

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Sellers Marketing Inventory Housing Market 370

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.

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Realtors Real Estate Sellers Agents 448

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. 2022 Forecast series. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market. The new 2022 houing market environment.

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Housing Market Marketing Supply Chain Mortgage 435

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. million, according to a report from the National Association of Realtors (NAR) released Friday. million existing homes were sold in 2022, down 17.8% After posting a 6.5%

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Inventory Housing Market Realtors Buyers 397

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana. of UWM’s mix in 2021, and company executives expect that number to grow in 2022 as rates climb.

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Mortgage Marketing Retail Lending 526

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. This gave sellers the upper hand, but the market has turned in recent months. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. year over year.

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Buyers Housing Market Marketing Sellers 468

Housing Wire

JANUARY 16, 2024

District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. Unlike other commission lawsuit, the Whaley suit only names Realtor associations as defendants. 15, 2020, and the present.

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Realtors Real Estate Real Estate Agent Sellers 476

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).

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Marketing Sellers Buyers Realtors 526

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise. offers, according NAR’s REALTORS® Confidence Index.

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Buyers Realtors Inventory Sellers 497

Housing Wire

MAY 29, 2024

Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. Secret deals’ The NWMLS board of directors made the decision to opt out at its most recent meeting, the organization said Tuesday.

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Sellers Buyers Brokerage Realtors 508

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Realtors Buyers Inventory Investors 459

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1. Home sales bottoming out as sellers eventually capitulate on price. percent, according to ATTOM Data Solutions.

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Retail Sellers Buyers Market Value 505

Housing Wire

FEBRUARY 28, 2024

The watchdog group reached this conclusion in a report released Tuesday, in which the group examined 43 different contracts from 37 states, with most of the sample contracts coming from state or local Realtors associations. This provision has the potential to inflate seller or buyer costs,” the report states.

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Buyers Contracts Agents Realtors 480

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Sellers 435

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

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Realtors Brokerage Real Estate Law 435

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. Nesthook has not been created by the National Association of Realtors, any Realtor Association or MLS.

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Buyers Realtors Agents Sellers 459

Housing Wire

MAY 23, 2023

Auction.com bidding behavior turned sharply more conservative in the second half of 2022, particularly in the fourth quarter, indicating a mild home price correction of less than 5% nationwide in early 2023. in April 2023, according to the National Association of Realtors (NAR). The national median home price decreased 1.7%

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Housing Market Marketing Retail Sellers 459

Housing Wire

SEPTEMBER 17, 2024

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. Sellers think it’s a seller’s market. From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull.

Housing Market 479

Housing Market Marketing Sellers Buyers 479

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 This level is still within my 2022 forecast sales range between 5.74 million and I am looking for more of the same in 2022, at the 5.74 You can see why some sellers are stressed now. million and 6.16

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Housing Market Marketing Inventory Sellers 542

Housing Wire

JULY 23, 2024

That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. Homes are sitting on the market a bit longer, and sellers are receiving fewer offers.

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Inventory Buyers Inspection Sellers 508

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. The lawsuit names the National Association of Realtors and Keller Williams as co-conspirators, but they are not defendants in the suit. “The 26 firm in the RealTrends 500 for transaction sides, after its agents closed 16,658 transaction sides in 2022.

Brokerage 448

Brokerage Sellers Realtors Agents 448

Housing Wire

NOVEMBER 8, 2023

But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. Unlike the Sitzer/Burnett , Moehrl and Gibson lawsuits , the National Association of Realtors (NAR) is missing from the list of defendants, however, the trade group’s presence is heavily felt in the plaintiffs’ complaint.

Real Estate 459

Real Estate Realtors Sellers Agents 459

Housing Wire

MARCH 18, 2024

It was a part of the 2022 REACH Canada Cohort, a technology scale-up program backed by the National Association of Realtors (NAR). expansion comes after Roomvu’s successful launch in Canada in 2022. Backed by venture fund Second Century Ventures , Roomvu has been recognized as one of Canada’s 20 most innovative tech companies.

Marketing 468

Marketing Real Estate Real Estate Agent Realtors 468

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Compared to November 2022, existing home sales retreated 7.3%, down from 4.12 months in November 2022. Existing-home sales grew 0.8% All four U.S.

Inventory 459

Inventory Housing Market Realtors Buyers 459

Housing Wire

JULY 3, 2024

Davis is a resident of North Carolina who purchased a home in Greensboro in 2022 using a buyer agent from Allen Tate Real Estate LLC , a subsidiary of Hanna Holdings. The suit is seeking class-action status for a nationwide class defined as persons who purchased residential real estate that was listed on a Realtor-affiliated MLS between Dec.

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Real Estate Law Realtors Buyers 426

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

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. Compass recorded $227.977 billion in sales volume in 2022, according to RealTrends data. “By settling, Compass is not saying that we did anything wrong.

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Brokerage Realtors Agents Clients 482