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 373

Buyers Contracts Agents Realtors 373

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 413

Buyers Agents Real Estate Agent Clients 413

Housing Wire

MARCH 27, 2024

With the settlement, NAR agreed to abolish its “Participation Rule” that required listing agents to make an offer of compensation to buyer brokers. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In VA loans are probably the best loans on the market.

Buyers 450

Buyers Real Estate Agent Inventory Real Estate 450

Housing Wire

OCTOBER 3, 2023

HousingWire recently spoke with Ashley Terrell, chief revenue officer at Milestones , about the value of real estate agents and why it is critical for the industry to start helping buyers’ agents justify their value not only during the 30-60 day transaction period but through the 7-10 year period of homeownership.

Agents 394

Agents Buyers Real Estate Agent Real Estate 394

Housing Wire

NOVEMBER 14, 2023

Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z values diversity and inclusivity.

Real Estate 477

Real Estate Buyers Renovations Open Houses 477

Real Estate News

MARCH 27, 2024

Brokerages and agents need to communicate exactly how they serve buyers, just as they do for sellers — and what value those services bring to clients.

Buyers 228

Buyers Agents Brokerage Sellers 228

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Builders don’t all pay the same buyer-side commissions; some don’t pay any buyer-side commissions. So how do you provide overwhelming value to your buyer clients? For Sale By Owners are the same. Be a matchmaker.

Clients 392

Clients Buyers Real Estate Agent Real Estate 392

Sacramento Appraisal Blog

SEPTEMBER 7, 2023

There are more cash buyers right now. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale MLS Meeting 9/28/23 Yuba City Big Market Update (in Yuba City (details […] The post More cash buyers in today’s housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. Bottom line. Well, technically.

Housing Market 345

Housing Market Buyers Marketing Design 345

Housing Wire

NOVEMBER 20, 2023

The Sitzer/Burnett trial out of Kansas City found the National Association of Realtors (NAR) guilty of conspiring to inflate agent commissions — sparking a debate over agent commission fees and the longstanding role of buyer agents in real estate transactions. But what happens if consumers pivot away from buyer agents altogether?

Agents 411

Agents Buyers Real Estate Agent Loan Officers 411

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 430

Clients Agents Buyers Sellers 430

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. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

Real Estate 386

Real Estate Buyers Tools Real Estate Agent 386

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 429

Real Estate Agent Real Estate Buyers Agents 429

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. In fact, the U.S.

Buyers 491

Buyers Realtors Agents Real Estate 491

Housing Wire

JANUARY 24, 2024

What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? So do buyer’s credit scores , ratios and down payment funds. Let’s talk about lowball offers. See the difference?

Buyers 433

Buyers Sellers Agents Counter Offer 433

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. The terms of Anywhere Real Estate ‘s $83.5

Buyers 432

Buyers Brokerage Agents Sellers 432

Housing Wire

JANUARY 29, 2024

mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. In October, a buyer with the same monthly budget and a 7.8% Redfin agents report that buyers have come to terms with rates in the 6s, even if they’re double the historically low costs that buyers had during the early stages of the COVID-19 pandemic.

Buyers 366

Buyers Mortgage Agents Investors 366

Housing Wire

OCTOBER 4, 2023

District Court in Boston granted the Department of Justice’s request to extend all settlement related deadlines in the Nosalek buyer broker compensation class action lawsuit on Tuesday. Unlike the two other buyer-broker commission lawsuits, Moehrl and Sitzer/Burnett , NAR is not a defendant in the Nosalek lawsuit.

Buyers 400

Buyers Realtors Sellers Legal 400

Eyes on Housing

APRIL 17, 2024

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want.

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Buyers 217

Eyes on Housing

MARCH 20, 2024

Continuing NAHB’s commitment to be at the forefront of research on home buyer preferences, the 2024 edition of What Home Buyers Really Want was recently released at the International Builders’ Show.

Buyers 195

Buyers Construction 195

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Buyers get sticker shock when they see their high rate on paper alongside extra expenses for maintenance, repairs and closing costs. That rate is up from 14.3% The median U.S. This price was 2.8%

Buyers 410

Buyers Mortgage New Listings Real Estate Agent 410

Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. While Bright MLS, which serves clients in Delaware, Pennsylvania, Maryland, Virginia, New Jersey, Washington, D.C.,

Buyers 370

Buyers Clients Sellers Realtors 370

Sacramento Appraisal Blog

JULY 18, 2022

Buyers are gaining power. And sellers are losing it. I have some new visuals to show what the market is doing right now. These are for Sacramento, but I suspect many areas look similar. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […].

Sellers 469

Sellers Buyers Real Estate Agent Real Estate 469

Sacramento Appraisal Blog

JUNE 6, 2022

Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…). I hope you enjoy, whether you’re local or not.

Buyers 450

Buyers Real Estate Sellers Marketing 450

Housing Wire

SEPTEMBER 20, 2023

Defendants in the Sitzer/Burnett class action lawsuit, which deals with buyer brokers’ commissions, are facing two fewer claims. The past few weeks have been eventful for the Sitzer/Burnett lawsuit, as well as the larger Moehrl lawsuit in Illinois, which also deals with buyer-broker commissions. Bough, a U.S.

Buyers 398

Buyers Law Realtors Agents 398

Real Estate News

FEBRUARY 2, 2024

The new “Sign & Save” program offers buyers a rebate if they sign a buyer agreement with Redfin and go under contract on a home within six months.

Buyers 280

Buyers Contracts 280

Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. ” It continues: “Buyer-broker commission rules are the subject of several pending antitrust suits and a pending appeal in which the United States is an appellant.”

Buyers 377

Buyers Realtors Real Estate Sellers 377

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. Buyers are picky and they don’t want to pay a dollar more than they need to,” the report said. According to the brokerage, 6.5% the month prior.

Sellers 506

Sellers Buyers Inventory Real Estate Agent 506

Real Estate News

FEBRUARY 1, 2024

According to a new survey, the majority of buyers are concerned about transparency in the homebuying process.

Buyers 303

Buyers 303

Inman

APRIL 24, 2024

Agent optimism over future buyer pipelines fell from 44 percent before the deal to 27 percent afterward — one of the starkest monthly shifts in sentiment that Intel has recorded in the last year.

Buyers 183

Buyers Agents Sellers Brokerage 183

Real Estate News

FEBRUARY 22, 2024

Millennial and Gen Z buyers have a higher tolerance for elevated mortgage rates, and many believe it’s a good time to buy, a Realtor.com survey found.

Buyers 264

Buyers Mortgage 264

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.

Real Estate 421

Real Estate Buyers Legal Realtors 421

Inman

MAY 1, 2024

million member trade group specified when agents would have to have signed written agreements with buyers, but stressed NAR would not dictate the agreements' terms. In an email, the 1.5

Contracts 176

Contracts Buyers Agents Realtors 176

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

Agents 389

Agents Buyers Loan Officers Real Estate 389

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 However, market activity is still projected to remain well below typical levels.

Buyers 456

Buyers Housing Market Sellers Inventory 456

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 473

Buyers Marketing Sellers Loan Officers 473

Real Estate News

JANUARY 11, 2024

Realtor.com ranked the top spots for younger buyers and found that smaller towns scattered across the Northeast and Midwest hold the most potential.

Buyers 283

Buyers 283

Real Estate News

JANUARY 24, 2024

Require buyer agency agreements across the board. The best way to protect consumers and raise the bar for the entire industry?

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Buyers 296