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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%

Sellers 501
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Pending home sales limped to the end of 2024

Housing Wire

Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). According to Bright MLS chief economist Lisa Sturtevant, 2024 marked a 30-year low for pending home sales. Compared to a month prior, contract signings fell 5.5% compared to a year prior in December.

Contracts 448
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Costs Mounting for Homebuyers

Appraisal Buzz

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. Click here to access Clever Real Estate’s report, “ The True Cost of Buying a Home in 2024.”

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New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S.

Business 468
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New homes account for the highest share of sales since 2005

Housing Wire

The housing market in 2024 was about as frustrating for the real estate industry as you can imagine. According to NAR, existing-home sales finished 2024 at a dismal 4.06 Census Bureau data, these sales topped 683,000 in 2024, which is the second consecutive annual gain. Sales finished 2024 on a relative high note.

Sellers 488
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Sotheby’s growth in 2024 signals the luxury housing market boom

Housing Wire

Sothebys International Realty recently released its 2024 performance report. According to the report, Sothebys did $157 billion in global sales in 2024, and its U.S. as reported by the National Association of Realtors (NAR). According to the report, global expansion was a staple of Sothebys growth strategy in 2024.

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Is the DOJ really the CCP boogeyman for Realtors?

Housing Wire

In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Miller believes that agents who push sellers to use private listing networks are not doing their fiduciary duty.

Realtors 243