Housing Wire

SEPTEMBER 10, 2024

Chicago has cemented its position as one of the most valuable real estate markets in the United States, recently surpassing the $1 trillion mark in real estate asset value. It should come as no surprise that the top real estate agents continue to command a significant portion of the market. Click Here

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Real Estate Agents Real Estate Agent Sellers 445

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising. orate further?

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Sellers Marketing Inventory Contracts 508

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Interest rates, a key determinant of the real estate market’s health, are on a downward trend. The real estate industry must keep up with the big appetite for housing.

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Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Sellers are coming back There are 499,000 single-family homes unsold on the market now. Home price signals are increasing too.

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Real Estate Marketing Inventory New Listings 508

Housing Wire

OCTOBER 26, 2024

We’ve seen some growth in new listings this year compared to 2023 levels, which is good for housing. However, with the recent spike in mortgage rates , it’s possible some sellers are just going to call it quits. We do have data on sellers withdrawing their listing; that is an avenue to see if sellers in the market just give up.

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Inventory Sellers New Listings Mortgage 523

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. There are still far fewer sellers each week than in the pre-pandemic era.

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Sellers Marketing Inventory Contracts 482

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. But with RateReduce Sell, sellers will be able secure a lower rate by buying down points permanently.

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Sellers Real Estate Agent Loan Officers Mortgage 459

Appraisal Buzz

OCTOBER 31, 2024

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. Buyer’s agent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.

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Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Each week sellers are easing back into the market a little more than last year. The defining characteristic of 2023 was how few sellers we had. The last week of data for the year U.S.

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Housing Market Marketing Inventory Contracts 531

Housing Wire

FEBRUARY 28, 2024

To help, I put together my best strategies for real estate social media marketing that still work in 2024, common mistakes to avoid, how to choose which platforms to focus on, and my favorite free and paid social media tools that can cut your work in half. Social media gives you the perfect opportunity to build a brand that resonates.

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Real Estate Marketing Tools Contracts 482

Housing Wire

OCTOBER 31, 2024

What has changed for real estate brokerages since then? 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. “I’m Listing agents are only advertising their seller’s offer of buyer broker compensation if the seller instructs them to do so.

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Real Estate Brokerage Agents Training 448

Housing Wire

MARCH 13, 2024

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. That just shows you how impactful the cost of insurance is in the real estate market.” and Liberty Mutual Holding Co.

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Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

APRIL 22, 2024

Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Please think of me as your go-to resource for all things real estate.

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Real Estate Open Houses Brokerage Real Estate Agent 465

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. metro areas, homes listed for sale between the start of May and early July 2023 posted the highest sales prices.

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Sellers Buyers Real Estate Inventory 448

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. Last week showed good growth in sales over 2023, and I mentioned that it might be fleeting. It’s just a fraction fewer than the same week in 2023. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. is $429,000.

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Sellers Inventory New Listings Contracts 468

Housing Wire

OCTOBER 22, 2024

Data from Altos Research shows that higher mortgage rates aren’t necessarily keeping sellers from listing their homes. Recently released data from Zillow shows that housing starts were down for a second straight year in 2023, although activity remains above pre-pandemic levels. 18 to 6.15% on Tuesday.

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Sellers Mortgage Marketing Construction 468

Housing Wire

MAY 16, 2024

The MLS is crucial for home sellers , even in a strong seller’s market, as it provides significant financial benefits and access to more potential buyers, according to a recent study by Bright MLS called “On-MLS Study: Measuring the Benefits of an Open and Transparent Housing Marketplace.” They would be wrong.

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Sellers Real Estate Buyers Marketing 425

Appraisal Buzz

SEPTEMBER 13, 2024

As we near the fourth quarter of 2024, the traditional peak of the home-buying season has passed, and the real estate market is entering a period of transition. Inventory levels are projected to peak at around 700,000 homes by October, with the year likely ending with 20-30% more homes on the market compared to the end of 2023.

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Inventory Real Estate Marketing New Listings 397

Housing Wire

AUGUST 28, 2024

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent.

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Real Estate Agent Real Estate Agents Modernization 468

Housing Wire

JANUARY 10, 2024

The 2023 holiday return window is still ongoing.) In the world of real estate , transactions are not merely about properties but also the people behind them. Rethinking branded gifts One common practice in the real estate industry is gifting branded items like Cutco knives to home buyers and sellers.

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Real Estate Clients Retail Client Relationships 462

Housing Wire

MARCH 11, 2024

Remote online notarization (RON) platform NotaryCam expanded its independent notary platform customer base by 46% in 2023, according to an announcement on Monday. In addition to expanding its notary platform customer base, NotaryCam also grew the number of loss-mitigation-related RON transactions it was part of in 2023 by 115%. “We

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Law Real Estate Investors Sellers 448

Housing Wire

JUNE 24, 2024

It looks like we’re heading back to those conditions of the second half of 2022 where inventory grew rapidly, but any real downside correction was mitigated with a withdrawal of supply. Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now.

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Inventory Sellers New Listings Property Taxes 457

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.

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Real Estate Agents Real Estate Agent Marketing 345

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. 9, 2022, and they’ll be ready for what’s coming next.

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Inventory New Listings Housing Market Mortgage 521

Housing Wire

MAY 6, 2024

The Asian Real Estate Association of America , along with the National Fair Housing Alliance , the Housing Opportunities Project for Excellence, Inc., Alex Kelly, the Secretary of Commerce; Patricia Fitzgerald, the chair of the Florida Real Estate Commission; as well as several state attorneys.

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Law Real Estate Real Property Contracts 427

Housing Wire

JUNE 7, 2024

Creating a real estate marketing plan can be harder than it sounds. I put together this guide to help you find your niche and create a real estate marketing plan aligned with your brand, personality, and local market. If you’ve ever walked through a vendor hall at a real estate conference, you know what I mean.

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Real Estate Marketing Agents Tools 459

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. Related Article The best real estate companies to work for in 2024 (+ beyond) 5. If you’ve been in real estate for more than a year or so, you should have hundreds of industry contacts to reach out to.

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Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. A recent report from real estate analytics firm CoreLogic indicates that for U.S.

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Lending Inventory Mortgage Finance 488

Housing Wire

JUNE 18, 2024

Last month’s reading marked the smallest monthly increase on a seasonally adjusted basis since January 2023. Looking ahead, Redfin expects new listings to continue to rise as the mortgage rate-lock effect on home sellers wears off, which could occur if mortgage rates continue to fall. “We

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New Listings Sellers Buyers Mortgage 468

Housing Wire

JULY 1, 2024

While there won’t be a big drop off for new listings in July, we can assume we’ll have fewer sellers each week through the rest of the year. We may end the year with roughly 20% more homes on the market than at the end of 2023. Add in the 15,000 immediate sales and that totals 86,000 sellers, which is not very many.

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Real Estate New Listings Inventory Marketing 435

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions.

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Real Estate Real Estate Agent Tools Agents 468

Housing Wire

OCTOBER 31, 2024

Real estate agent commissions have held steady since August, but there’s a divergence at different price points. Even in the past two years, commissions have come down as the average rate was 2.51% in January 2023. Commissions may face more downward pressure next year if we see a resurgence of bidding wars,” Fairweather said.

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Real Estate Agent Real Estate Agents Brokerage 375

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.

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Business Mortgage Loan Officers Inventory 459

Housing Wire

MARCH 28, 2024

In November 2023, Wood indicated that the trial would take place in the fourth quarter of 2024 , but the status report findings appear to change the timeline. The suit obtained class certification in March 2023. The class encompasses home sellers across 20 local MLSs. The firm also still has a writ of certiorari with the U.S.

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Real Estate Agent Realtors Real Estate Sellers 458

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

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Realtors Buyers Brokerage Real Estate 482

Housing Wire

AUGUST 30, 2024

The Federal Trade Commission (FTC) reported that American consumers lost $10 billion to fraud in 2023, a 14% increase from the prior year. In the real estate sector, there has been an increase in bad actors driving fraudulent activities. Another area of growing concern is real estate wire fraud.

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Real Estate Insurance Sellers Legal 448

Housing Wire

OCTOBER 30, 2024

Become a hub for real estate listings. Listing inventory remains the lifeblood of the residential real estate marketplace,” Reffkin said. “At The powerful real estate websites use these insights to empower their model of selling buyers to third-party agents,” Reffkin said. “In million, an increase of 13.4%

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Real Estate Inventory Brokerage Agents 345