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.

Sellers 370

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.

Realtors 448

Realtors Real Estate Sellers Agents 448

Appraisal Buzz

NOVEMBER 13, 2024

More than half of home buyers (52%) negotiated with the seller, with 94% of those who did achieving success. About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.

Real Estate 417

Real Estate Sellers Buyers Renovations 417

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.

Realtors 476

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).

Marketing 526

Marketing Buyers Sellers Realtors 526

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%

Inventory 397

Inventory Housing Market Realtors Buyers 397

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.

Housing Market 435

Housing Market Marketing Supply Chain Mortgage 435

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.

Mortgage 526

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.

Buyers 468

Buyers Housing Market Marketing Sellers 468

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

Realtors 434

Realtors Brokerage Real Estate Law 434

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.

Buyers 478

Buyers Contracts Agents Realtors 478

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.

Buyers 497

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.

Sellers 508

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.

Realtors 459

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.

Retail 505

Retail Sellers Buyers Market Value 505

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

NOVEMBER 20, 2024

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 surveyed pool, 42% have sold since late 2022 as rising mortgage rates cooled the post-pandemic market.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Sellers 476

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 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

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.

Buyers 459

Buyers Realtors Agents Sellers 459

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.

Brokerage 482

Brokerage Realtors Agents Clients 482

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. ” Closed sales of single-family homes grew 0.6%

New Listings 468

New Listings Real Estate Realtors Inventory 468

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%

Housing Market 459

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 477

Housing Market Marketing Sellers Buyers 477

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

Housing Market 542

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.

Inventory 508

Inventory Buyers Sellers Inspection 508

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

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

Appraisal Buzz

OCTOBER 31, 2024

Commissions trended slightly lower following the National Association of Realtors (NAR) settlement , dropping from an average of 2.42% in March to 2.35% in August, when the new changes went into effect. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

MARCH 27, 2024

The court initially certified the class in April of 2022, as it found that the class satisfied all the requirements of Federal Rule of Civil Procedure 23. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices. The Eighth Circuit refused this request.

Law 459

Law Sellers Realtors Contracts 459

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS). “The

Housing Market 468

Housing Market Marketing Logistics Real Estate 468

Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively. The overall U.S.

Buyers 476

Buyers Inventory Realtors Mortgage 476

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

FEBRUARY 6, 2024

Originally filed by REX in March 2021 , against Zillow and the National Association of Realtors , the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.” In mid-May 2022, REX ceased its brokerage operations.

Advertising 448

Advertising Real Estate Brokerage Agents 448

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 475

Buyers Real Estate Agent Inspection Real Estate 475

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.

Law 418

Law Real Estate Realtors Buyers 418

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. million in October 2022 before gradually declining. Realtors who have paid their membership dues by Jan.

Realtors 442

Realtors Agents Inventory Modernization 442