Housing Wire

JANUARY 29, 2024

While most Realtors will die on the hill that staging should never be cut out of the home selling strategy, this year it’s even more important. Interior maintenance: the devil in the details In 2024, buyers are not just seeking a house; they desire a home that has been lovingly maintained. These small details make a substantial impact.

Realtors 430

Realtors Buyers Decorating Agents 430

Housing Wire

DECEMBER 13, 2023

Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. Mortgage rates The experts unanimously foresee lower mortgage rates in 2024, although none expect rates to fall below 6%. million to 5.07

Inventory 474

Inventory Construction Mortgage Buyers 474

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 467

Real Estate Inventory Sellers Realtors 467

Housing Wire

JULY 1, 2024

HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements. This year marks the 15th year of this award program. Congratulations to this year’s honorees!

Realty 447

Realty Real Estate Chief Valuation Officer Technology 447

Housing Wire

NOVEMBER 30, 2023

District Court in Chicago indicated this past spring that the trial in the Moehrl commission lawsuit would take place during the first half of 2024. During the hearing, Wood stated that she would be able to “try the case likely in the fourth quarter of 2024.” Ray’s point that this case should stand on its own.”

Legal 391

Legal Sellers Realtors Law 391

Housing Wire

AUGUST 1, 2024

As brokerage firms fine tune how to handle the business practice changes outlined in the terms of the National Association of Realtors’ nationwide commission lawsuit settlement agreement , which are set to go into effect on August 17 , many are focusing on how their agents will handle compensation on both the buy-side and the sell-side.

Sellers 409

Sellers Buyers Agents Law 409

Housing Wire

OCTOBER 28, 2024

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 411

Business Sellers Realtors Buyers 411

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. So, let’s not make that mistake in 2024.

Housing Market 435

Housing Market Marketing Inventory Realtors 435

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up. in mid-January 2024. as of February 29, 2024.

Housing Market 398

Housing Market Marketing Inventory Construction 398

Sacramento Appraisal Blog

MARCH 20, 2024

Everyone is talking about the National Association of Realtors (NAR) lawsuit settlement, and I have a few thoughts too. It’s important to cultivate objectivity and keep some things in mind about buyers, sellers, and concessions.

Realtors 383

Realtors Sellers Buyers Appraisal 383

Housing Wire

DECEMBER 20, 2023

percentage points above the average of four forecasts for the third quarter of 2024 and roughly 0.6 It also provided committee members’ forecasts of what would be the appropriate rate in 2024, which was based on their forecasts of inflation, GDP growth and other economic indicators. in the first half of 2024. 15, just 0.07

Mortgage 392

Mortgage Realtors Real Estate Marketing 392

Housing Wire

MAY 3, 2024

The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. Per the preliminary settlement approval process, Aug.

Sellers 441

Sellers Legal Buyers Realtors 441

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. The first commission lawsuit in Nevada was filed by Nathaniel Whaley in early January 2024.

Real Estate 384

Real Estate Realtors Realty Brokerage 384

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In Existing-home sales dropped 4.1% Looking at the four major U.S. All four U.S.

Inventory 378

Inventory New Listings Realtors Contracts 378

Housing Wire

SEPTEMBER 18, 2024

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. Everybody’s happy!

Real Estate 386

Real Estate Real Estate Agent Agents Brokerage 386

Appraisal Buzz

DECEMBER 19, 2024

The National Association of Realtors reports that existing-home sales increased in November. Lisa Sturtevant, Chief Economist for Bright MLS, revealed her thoughts on the Existing Home Sales report: The National Association of Realtors reported this morning that existing home sales were at a seasonally-adjusted rate of 4.15

Inventory 383

Inventory Realtors Buyers Contracts 383

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 499

Marketing Sellers Buyers Realtors 499

Housing Wire

JUNE 11, 2024

The National Association of Realtors addressed concerns of agent steering in its latest update to its commission lawsuit settlement FAQs. A Realtor must never put broker compensation before their client’s interests.”

Realtors 381

Realtors Sellers Agents Buyers 381

Housing Wire

FEBRUARY 9, 2024

Our comprehensive guide to the best real estate marketing tools provides you with a helpful assortment of easy-to-use, effective marketing products to turn your business into a revenue engine in 2024. It gives you a “first mover advantage”, providing robust follow-up tools that help you nurture potential seller clients with ease.

Real Estate 415

Real Estate Tools Marketing Real Estate Agent 415

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 Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. However, a seller is also a natural homebuyer, unless they’re an investor. million and 6.16

Housing Market 538

Housing Market Marketing Inventory Sellers 538

Housing Wire

JANUARY 25, 2024

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. Thankfully, 2024 is shaping up to be a much better year for recruiters. Related Article The best real estate companies to work for in 2024 (+ beyond) 5.

Real Estate Agent 371

Real Estate Agent Real Estate Agents Brokerage 371

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS.

Realty 421

Realty Realtors Brokerage Real Estate 421

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 498

Buyers Realtors Real Estate Agents 498

Housing Wire

JUNE 11, 2024

The change, a result of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , was anticipated late last month and commented on by Michelle Corridon, the deputy policy director at the VA. 10, 2024, and is valid until rescinded. ” The circular is effective Aug.

Buyers 521

Buyers Real Estate Real Estate Agent Brokerage 521

Housing Wire

NOVEMBER 1, 2024

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

Real Estate 422

Real Estate Real Estate Agent Agents Brokerage 422

Housing Wire

MAY 14, 2024

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 We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 466

Real Estate Agent Agents Real Estate Buyers 466

Appraisal Buzz

NOVEMBER 26, 2024

Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow Chief Economist. million existing home sales in 2024, a little increase over 2023’s 4.1 million and 2024’s anticipated 4 million. Similar to this year’s growth, Zillow predicts a comparatively modest 2.6%

Housing Market 397

Housing Market Tenants Marketing Mortgage 397

Appraisal Buzz

JUNE 11, 2024

Through issuance of Circular 26-24-14 veterans will have the ability to remain competitive and not at a disadvantage in homebuying market due to changes that may result from a recent class-action settlement involving the National Association of Realtors (NAR) , slated to take effect later this summer.

Realtors 419

Realtors Real Estate Buyers Sellers 419

Housing Wire

SEPTEMBER 3, 2024

Attom reported last week that the number of originations rose 23% between the first and second quarters of 2024, the first quarterly increase in a year. year over year in Q2 2024 and were 61% below peak activity levels of 2021. As rates fall, the rate gap is going to be less of an obstacle to sellers. year over year.

Mortgage 437

Mortgage Inventory Buyers Sellers 437

Housing Wire

APRIL 11, 2024

The Redfin-commissioned survey was conducted by Qualtrics in February 2024. Historically, commissions in real estate transactions have been negotiable, with the customary practice involving the home seller bearing the expenses for both the listing agent and the buyer’s agent. It was sent to 2,995 U.S.

Agents 395

Agents Real Estate Sellers Buyers 395

Housing Wire

APRIL 25, 2024

In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. To help, we reviewed hundreds of options to put together this list of the best real estate apps for 2024. Vetted by HousingWire | Our editors independently review the products we recommend.

Real Estate 343

Real Estate Agents Open Houses Tools 343

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 364

Inventory Agents Real Estate Sellers 364

Housing Wire

MARCH 22, 2024

Compass has joined the National Association of Realtors , Anywhere , Keller Williams and RE/MAX in settling the commission lawsuits. The settlement agreements reached by RE/MAX and Anywhere are scheduled to have final court approval hearing in early May, 2024. “By settling, Compass is not saying that we did anything wrong.

Brokerage 406

Brokerage Realtors Agents Clients 406

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 class encompasses home sellers across 20 local MLSs. The suit obtained class certification in March 2023. Damages in the suit could reach $13.7 billion — or $41.1

Real Estate Agent 336

Real Estate Agent Realtors Real Estate Sellers 336

Housing Wire

MARCH 28, 2024

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). annually in February 2024. Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January.

Inventory 422

Inventory Realtors Contracts Sellers 422

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 397

New Listings Real Estate Realtors Inventory 397

Housing Wire

MARCH 7, 2024

District Court of Nevada in early January 2024, the Whaley suit (like other commission lawsuits) accuses real estate industry players of colluding to artificially inflate agent commissions. In the initial complaint , Whaley only named Realtor associations and MLSs as defendants. Opendoor did not return a request for comment.

Realty 340

Realty Real Estate Realtors Brokerage 340