Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

Real Estate Agent 409

Real Estate Agent Real Estate Agents Clients 409

Housing Wire

MARCH 12, 2024

in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. In total, more than 9.5 of overall U.S.

Real Estate Agent 477

Real Estate Agent Real Estate Buyers Realty 477

Housing Wire

MAY 17, 2024

As a real estate agent , you’re in the business of helping people plan for their future — whether it’s helping prospective buyers find their forever home, starter house , or next investment property. But it can be even more difficult for real estate agents since many are self-employed.

Real Estate Agent 389

Real Estate Agent Real Estate Agents Investing 389

Housing Wire

JANUARY 25, 2024

If you’re a new broker or team leader you might not realize just how competitive recruiting was in 2023. The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016.

Real Estate Agent 418

Real Estate Agent Real Estate Agents Brokerage 418

Housing Wire

SEPTEMBER 5, 2024

That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. We’re getting closer to homebuyers’ comfort zone of low-6%, high-5% rates, and September’s anticipated Fed cuts should help buyer sentiment. from this peak.

Buyers 475

Buyers Marketing Mortgage Real Estate Agent 475

Housing Wire

SEPTEMBER 5, 2024

mortgage market in 2023, up from 14.3% 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 409

Buyers Real Estate Agent Inspection Real Estate 409

Housing Wire

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

Agents 452

Agents Buyers Real Estate Agent Sellers 452

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 413

Real Estate Agent Real Estate Agents Brokerage 413

Appraisal Buzz

NOVEMBER 13, 2024

“Technology has enabled homeowners to live more sustainably and more affordably, which is a growing priority for prospective buyers,” said Amanda Pendleton, a Home Trends Expert at Zillow. While “vintage” mentions are up 9%, nostalgia is a developing trend, showing up in 14% more listings than in 2023.

Buyers 370

Buyers Design Real Estate Agent Real Estate 370

Housing Wire

AUGUST 22, 2024

“As part of their low-cost selling strategy, sellers using Homie would commonly make an offer of compensation to buyer-brokers that was somewhat below the buyer agent compensation (BAC) offered by sellers represented by traditional brokers, including the Corporate Defendants.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits.

Buyers 437

Buyers Agents Real Estate Agent Clients 437

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales.

Real Estate 396

Real Estate Real Estate Agent Tools Agents 396

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. Extending a broad (but strategic) net is part of knowing how to generate buyer leads in real estate. Of course, you can’t do everything — but consistency is important.

Real Estate 406

Real Estate Buyers Tools Real Estate Agent 406

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. There are numerous methods an agent can use to prospect, some traditional and others that leverage technology. Here are some different methods that real estate agents use to prospect for leads.

Real Estate 436

Real Estate Tools Real Estate Agent Open Houses 436

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. The goal: to stay in touch with any and all visitors to your website. per month plus $249.95

Real Estate 424

Real Estate Real Estate Agent Agents Tools 424

Housing Wire

MARCH 2, 2023

“Prior to the COVID-19 pandemic, it was normal for inventory to rise in February as the spring home sellers began listing their homes and buyers weren’t yet out in force,” Simonsen wrote in his February 13 housing market update. We are seeing some modest increases, but the pressure is still there for the buyers,” Redding said.

Real Estate Agent 400

Real Estate Agent Inventory Real Estate Agents 400

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 421

Real Estate Agent Real Estate Loan Officers Agents 421

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023.

Business 446

Business Mortgage Loan Officers Inventory 446

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” Homebuyers have traditionally been the byproduct of our referral partners, such as real estate agents and homebuilders,” Earnest said. “We

Buyers 496

Buyers Mortgage Real Estate Agent Contracts 496

Housing Wire

SEPTEMBER 9, 2024

While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. Each closed over 50 transaction sides in 2023. As of Sept.

Real Estate 376

Real Estate Agents Marketing Real Estate Agent 376

Housing Wire

MAY 14, 2024

Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 486

Real Estate Agent Agents Real Estate Buyers 486

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? billion in Missouri alone.

Clients 457

Clients Agents Buyers Sellers 457

Housing Wire

APRIL 17, 2024

Feb 27, 2024 By Sara Stover, Meghan Thibault and Sara Stover, Meghan Thibault Real estate farming: Become the go-to agent in your area using these tips, tools & strategies Feb 08, 2024 By Megan DeMatteo The 11 best real estate CRMs for 2024 Jan 12, 2024 By Megan DeMatteo Get more real estate buyer leads in 2024 Nov 29, 2023 By Megan DeMatteo 16 (..)

Real Estate 418

Real Estate Marketing Real Estate Agent Tools 418

Appraisal Buzz

JULY 23, 2024

Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. of homes that went under contract.

Buyers 396

Buyers Contracts HOA Property Taxes 396

Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. While not rated, relationship-building with real estate agents is crucial, especially in light of changes to MLS compensation policies.

Housing Market 453

Housing Market Real Estate Agent Marketing Training 453

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Magazine list of the 5,000 fastest growing private companies in America declined in 2023. It was ranked the 98th-fastest growing private company in America in 2023. 658 in the 2023 Inc. 5000 edition.

Real Estate 358

Real Estate Real Estate Agent Technology Investors 358

Housing Wire

OCTOBER 25, 2024

Zillow and Realtor.com have agreed to share 3D home tours, interactive floor plans and photo listings between both platforms, the real estate portals announced this week. Meanwhile, Realtor.com saw a 2% annualized revenue decline to $143 million in Q4 2023. The demand for 3D home tours is growing across the industry.

Real Estate Agent 391

Real Estate Agent Real Estate Technology Property Management 391

Housing Wire

SEPTEMBER 11, 2024

Atlanta is one of the most active and valuable real estate markets in the United States. The city represents over $1 trillion in residential real estate asset value, creating a ripe environment for real estate agents and homebuyers alike. Atlanta also claims the crown as the No.

Real Estate 303

Real Estate Agents Real Estate Agent Marketing 303

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

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer.

Sellers 444

Sellers Real Estate Agent Loan Officers Mortgage 444

Housing Wire

FEBRUARY 21, 2024

Keller Williams Realty has partnered exclusively with the online learning platform Coursera to offer a comprehensive introduction to the business of real estate. Dubbed the KW Real Estate Agent Professional certificate, the program will give participants a head start in the real estate industry.

Real Estate 453

Real Estate Real Estate Agent Realty Clients 453

Housing Wire

NOVEMBER 6, 2024

Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41% to $104 million. According to the company, 40% of shoppers begin the process by looking for a lender and 80% of them don’t have a real estate agent.

Mortgage 375

Mortgage Real Estate Real Estate Agent Realtors 375

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 446

Real Estate Agent Loan Officers Real Estate Agents 446

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 390

Buyers Contracts Agents Realtors 390

Housing Wire

DECEMBER 13, 2022

As brokers and LOs close out a challenging year and set their sights on 2023, it could be tempting to take a pessimistic view. However, there are actionable steps and strategies they can take to ensure 2023 is as profitable as possible. Most industry observers expect 2023 to be much more consistent.

Technology 401

Technology Clients Real Estate Agent Business 401

Housing Wire

SEPTEMBER 12, 2024

While it hasn’t reached the trillion-dollar mark in residential real estate value held by cities like New York and Chicago , Charlotte’s market has nonetheless experienced significant growth, with total property values pushing $200 billion as of 2023. As of Sept. million in annual sales.

Real Estate 421

Real Estate Agents Real Estate Agent Sellers 421

Inman

MARCH 28, 2024

As Better reports $543 million 2023 loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to providing purchase loans to homebuyers.

Real Estate Agent 194

Real Estate Agent Real Estate Agents Mortgage 194