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 471

Buyers Real Estate Agent Inspection Real Estate 471

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. You are being accused of not being transparent. “If

Buyers 448

Buyers Agents Real Estate Agent Clients 448

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1. Cincinnati and Miami.

Retail 503

Retail Sellers Buyers Market Value 503

Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. The Sitzer/Burnett trial is slated to head to trial on October 16, 2023.

Buyers 505

Buyers Realtors Real Estate Agents 505

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. 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.

Real Estate Agent 434

Real Estate Agent Real Estate Agents Sellers 434

Housing Wire

OCTOBER 23, 2024

million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% months in September 2023. While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices.

Inventory 416

Inventory Realtors Buyers Real Estate 416

Housing Wire

SEPTEMBER 5, 2023

According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. A trial date has yet to be set for the Moehrl lawsuit. “We

Real Estate 448

Real Estate Buyers Legal Realtors 448

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I nationwide in 2023, with Farmers Insurance Group of Cos. and Liberty Mutual Holding Co.

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

NOVEMBER 30, 2023

After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement. “At million, up 12% from 2023’s 4.1 million in 2023. by the year’s end. to $394,200.

Buyers 493

Buyers Housing Market Sellers Inventory 493

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. times potential first-time buyer income) Detroit (2.9)

Buyers 273

Buyers Advertising Inventory Home Value 273

Housing Wire

NOVEMBER 6, 2024

Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41% to $104 million. A more direct factor is that mortgage rates in the third quarter of 2023 approached 8%, whereas rates declined during much of Q3 2024, getting close to 6%. While Zillow shares dropped 6.5%

Mortgage 397

Mortgage Real Estate Real Estate Agent Realtors 397

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 508

Inventory Housing Market Realtors Mortgage 508

Housing Wire

NOVEMBER 21, 2024

million, according to data released Thursday by the National Association of Realtors (NAR). monthly increase for a pace of 470,000 sales, which was flat compared to October 2023. The share of first-time buyers rose slightly to 27% in October, up from 26% a month before, but down from 28% in October 2023. to a pace of 1.77

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

Housing Wire

APRIL 3, 2024

Millennials replaced baby boomers as the largest group of homebuyers in 2023. The generational tug-of-war between millennials and baby boomers continued this year, with millennials rebounding to capture the largest share of home buyers,” Jessica Lautz, NAR deputy chief economist and vice president of research, said in a statement.

Marketing 526

Marketing Buyers Sellers Realtors 526

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? One of the researchers, Will Fried, had a hunch.

Clients 459

Clients Agents Buyers Sellers 459

Appraisal Buzz

NOVEMBER 21, 2024

million, according to the National Association of Realtors (NAR). compared with October 2023, reaching $407,200. Residential properties typically remained on the market for 29 days in October, up from 28 days in September and 23 days in October 2023. Year-over-year, existing-home sales were up 2.9%. That’s about a 4.2-month

Inventory 195

Inventory Buyers Realtors Investors 195

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. in January.

Inventory 370

Inventory Buyers Housing Market Contracts 370

Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. The MBA forecasts a modest drop in mortgage rates through 2023, ending closer to 5%.

Buyers 418

Buyers Mortgage Landlords Law 418

Housing Wire

DECEMBER 14, 2022

Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts. by the end of 2023, according to fresh projections, up from an estimate of 3.9% by the end of 2023, dropping slightly from the projected 7.5%

Mortgage 448

Mortgage Housing Market Sellers Buyers 448

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 493

Buyers Marketing Sellers Loan Officers 493

Housing Wire

SEPTEMBER 19, 2024

million, according to the National Association of Realtors (NAR). year over year to $416,700, although that is the slowest gain since September 2023. Buyers who waited may be glad that they did,” Realtor.com chief economist Danielle Hale said in a statement. After a modest monthly uptick in July, existing-home sales fell 2.5%

Inventory 457

Inventory Housing Market Inspection Sellers 457

Lamacchia Realty

JANUARY 11, 2024

has released their “Top Producing REALTORS®,” for all of 2023! This program recognizes the Top 10 REALTORS® out of the over 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Lamacchia Realty, Inc.

Realtors 74

Realtors Realty Real Estate Agents 74

Housing Wire

JANUARY 9, 2024

commission ($10,250) to the buyer broker.” Like the other commission lawsuits, the Masiello suit takes aim at the National Association of Realtors’ Participation Rule, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list a property on a Realtor-affiliated MLS.

Realty 488

Realty Realtors Real Estate Real Estate Agent 488

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

Housing Market 435

Housing Market Buyers Marketing Retail 435

Appraisal Buzz

AUGUST 22, 2024

Existing-home sales improved in July, breaking a streak of four consecutive monthly declines, according to the National Association of REALTORS®. million in July 2023). months in July 2023. First-time buyers were responsible for 29% of sales in July, identical to June but down from 30% in July 2023. from July 2023.

Realtors 396

Realtors Buyers Inventory Insurance 396

Housing Wire

SEPTEMBER 18, 2024

The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. According to Inman News , 22 of the non-Realtor affiliated MLSs opted out. First MLS still has a buyer compensation field on its platform.

Legal 482

Legal Realtors Agents Law 482

Housing Wire

MAY 8, 2024

Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023 — according to the National Association of Realtors ’ (NAR) newest quarterly report. year over year in Q4 2023. in the West. “The

Marketing 526

Marketing Buyers Realtors Home Value 526

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. expected sales to go down more than 5% In the latest report from the National Association of Realtors (NAR), existing home sales rose 14.5%

Marketing 409

Marketing Mortgage Loan Officers Real Estate Agent 409

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 on a yearly basis.

Inventory 501

Inventory Contracts Realtors Buyers 501

Housing Wire

SEPTEMBER 30, 2022

Lenders will close and some others will need to merge because of the new liquidity regulations that are coming in 2023.”. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. Pressure on demand. Not yet anyway.

Buyers 482

Buyers Mortgage Loan Officers Retail 482

Appraisal Buzz

JUNE 21, 2024

Existing-home sales fell somewhat in May, while the median sales price reached a new high, according to a new study from the National Association of REALTORS (NAR). million, trailing the May 2023 seasonally adjusted annual rate of sales by 2.8%,” said Danielle Hale, Chief Economist at Realtor.com. million in May 2023).

Inventory 418

Inventory Buyers Realtors Mortgage 418

Lamacchia Realty

AUGUST 7, 2024

August 7 th – At the Greater Boston Association of REALTORS® Annual Awards & Networking Breakfast at Venezia Waterfront Restaurant in Boston , Anthony Lamacchia was named 2024 REALTOR® of the Year. Anthony serves on many committees and groups within the REALTORS® organization on local, state, and national levels.

Realtors 78

Realtors Real Estate Realty Buyers 78

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. It is no secret that many first-time homebuyers are struggling.

Marketing 448

Marketing Real Estate Sellers Buyers 448

Lamacchia Realty

NOVEMBER 3, 2023

has released its “Top Producing REALTORS®,” for October 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Carolyn wants to help as many buyers and sellers achieve their goals as possible.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

OCTOBER 20, 2023

Particularly in the 2023 economy, with interest rates on mortgage rates stubbornly perched around 7.5% Top real estate lead generation ideas for 2023 Digital real estate lead generation ideas According to the National Association of Realtors (NAR), roughly 96% of homebuyers use the internet in their home search.

Real Estate 448

Real Estate Tools Open Houses Advertising 448

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. According to the National Association of Realtors (NAR), some 96% of homebuyers use the internet in their home search.

Real Estate 474

Real Estate Real Estate Agent Agents Tools 474