Housing Wire

AUGUST 29, 2024

Many state Realtor associations’ new forms —such as buyer representation agreements—are largely incomprehensible to the average homebuyer or seller and have language that seeks to avoid the terms of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , according to a report released earlier this month.

Buyers 406

Buyers Realtors Agents Sellers 406

Housing Wire

DECEMBER 30, 2024

There are a few markets in the South where home prices have inched down recently and every bit helps buyers but those prices have not adjusted much, and theres no sign of any major correction in the works. Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% In Wise County , there were only 56 listings.

Inventory 405

Inventory Buyers Agents Real Estate 405

Housing Wire

AUGUST 1, 2024

When it comes to handling compensation eXp Realty is not mincing its words — it is not sharing its listing fee with the buyer’s broker. However, the firm says this does not mean it is unwilling to work with buyer’s brokers. But it will be their sellers who make the decision on an offer of compensation to a buyer broker.

Sellers 436

Sellers Buyers Agents Law 436

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

Buyers 398

Buyers Agents Loan Officers Real Estate 398

Housing Wire

JULY 23, 2024

The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. The surveyed agents also noted that affordability was the No.

Mortgage 510

Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.”

Real Estate 410

Real Estate Sellers Buyers Agents 410

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It In other words, if a buyer can sell their home in a specific timeline, the contingency is pulled and the buyer can purchase the property.

Mortgage 390

Mortgage Buyers Contracts Finance 390

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.” Under current regulations, VA buyers are not allowed to pay for buyer’s representation.

Lending 422

Lending Mortgage Government Finance 422

Housing Wire

JANUARY 17, 2024

A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. Racial disparities remained even after the time adjustment process: it brought 52% of white tract appraisals below the contract price to above the contract price.

Appraisal 406

Appraisal Contracts Finance Real Estate 406

Housing Wire

SEPTEMBER 9, 2024

Let’s look at how these dynamics will impact home sales , prices, and buyer opportunities for the rest of the year and into the first quarter. For every two homes going into contract each week, there’s a third withdrawn for lack of an offer. With another 12,000 new listings that are already in contract.

Sellers 465

Sellers Inventory Contracts New Listings 465

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. In a controlled transaction there is an established relationship between the buyer and seller. Discuss financing. Does your buyer need to secure a mortgage ?

Market Value 398

Market Value Real Estate Agent Real Estate Finance 398

Housing Wire

JULY 28, 2021

Kan noted that the Federal Housing Finance Agency reported that May home prices were 18% higher than a year ago. “Potential buyers continue to be put off by extremely high home prices and increased competition.” It’s now fallen on an annual basis for the past three months. from 64.9% the previous week.

Mortgage 397

Mortgage Contracts Finance Investors 397

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 493

Inventory Contracts Realtors Buyers 493

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Mortgage rates have been rising, making homes more expensive to buyers and obviously slowing demand. This is an effective illustration of the impact this year’s higher mortgage rates are having on home buyer demand. Mortgage rates peaked at 7.5%

Contracts 437

Contracts Inventory Buyers New Listings 437

Housing Wire

JULY 17, 2024

It means sellers’ agents and brokers should prepare to deal directly with the buyer of an REO property whenever possible going forward. Increasingly in post-foreclosure transactions, this is already being initiated by the buyer. Accordingly, it’s time for sellers’ agents and brokers to prepare to deal directly with buyers.

Real Estate 493

Real Estate Agents Training Buyers 493

Housing Wire

DECEMBER 28, 2024

During the first few years of COVID-19 recovery, there was an unhealthy imbalance, with too many buyers competing for too few homes. 2023: 35% 2022: 38% Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into real-time trends in housing demand.

Inventory 506

Inventory Housing Market Marketing New Listings 506

Housing Wire

AUGUST 27, 2024

Dubbed the “Contingency Buster,” the product uses its Purchase Price Guarantee (PPG), a binding backup contract that if a homebuyer’s current home does not sell within 150 days, the fintech will purchase it at an agreed-upon price, the company said in a release Tuesday.

Contracts 381

Contracts Real Estate Agent Real Estate Buyers 381

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be?

Mortgage 306

Mortgage Inventory New Listings Contracts 306

Housing Wire

OCTOBER 7, 2024

There were very few buyers in the fourth quarter 2023. Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Buyers can put the brakes on quickly.

Housing Market 438

Housing Market Marketing Mortgage Contracts 438

Appraisal Buzz

JUNE 10, 2024

I must admit, that point of contention is somewhat understandable, as the ‘Sales or Financing Concessions’ portion of the Fannie Mae Selling Guide has always appeared to be a little contradictory (see B4-1.3-09, 09, Adjustments to Comparable Sales ). Supervisor: Is ‘cash’ real estate? Trainee: No, it’s personal property.

Sellers 418

Sellers Real Estate Appraisal Finance 418

Housing Wire

AUGUST 6, 2024

Still, this affordability boost is good for any buyers in the market now. Pending home sales up The number of new contracts ticked up a couple percentage points this week to 66,000, with another 13,000 condo sales started. If cheaper money motivates a few buyers to move off the sidelines, then we should see it here.

Mortgage 473

Mortgage Inventory New Listings Contracts 473

Housing Wire

SEPTEMBER 21, 2023

“It’s now entirely possible for us to qualify buyers for their dream home by the time they leave the open house. billion in the first six months of 2023, according to data from Inside Mortgage Finance. Agents submitting an offer at 8:30pm? The lender originated $10.6 As of June 2023, Guaranteed Rate had a 2.5%

Open Houses 413

Open Houses Contracts Finance Tools 413

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said.

Housing Market 441

Housing Market Contracts Government Buyers 441

Housing Wire

OCTOBER 31, 2023

New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. Soaring mortgage rates stifle buyer demand There are only 319,000 single-family homes in the contract- pending stage.

New Listings 483

New Listings Inventory Contracts Housing Market 483

Housing Wire

JULY 19, 2022

The Department of Housing and Urban Development said it is “looking very hard” at how to make it easier to finance small-dollar mortgages, but has yet to spell out how it will accomplish that goal. Industry practitioners have some ideas for how HUD might make financing such loans more feasible.

Mortgage 389

Mortgage Finance Lending Development 389

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” “We won’t renegotiate with you, and that seems to help buyers a ton.” It’s like a horse race.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

FEBRUARY 24, 2023

January marked a surge of people signing contracts to buy new homes. The increase in contract signings can be attributed to a decline in mortgage rates in January after a run-up in rates in October and November ,” Holden Lewis, NerdWallet ’s home and mortgage expert, said in a statement. “The

Construction 459

Construction Contracts Buyers Development 459

Housing Wire

SEPTEMBER 9, 2020

Time waits for no buyer in the suburbs. With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. “The property comes on within 24 hours, and if it meets your buyers criteria you want to get them out to see it.” Cordano said.

Agents 501

Agents Marketing Clients Buyers 501

Housing Wire

SEPTEMBER 23, 2020

The Fed: The Federal reserve is the single biggest buyer of agency mortgage backed securities (MBS) in the world. If the fed continues to slow or stop, something which is inevitable, the supply imbalance will force rates higher as MBS prices drop in search buyers to take up the excess. Click image to expand.

Mortgage 540

Mortgage Investors Buyers Finance 540

Housing Wire

OCTOBER 20, 2023

So far, week one of the Sitzer/Burnett bombshell class action antitrust buyer broker commission lawsuit has seen four of the five named plaintiffs testify in front of the jury. The buyer who chose them and who they’re working for should pay them,” Ellis said. She did a good job for him [the buyer], but I had to pay her commission.”

Contracts 401

Contracts Agents Buyers Real Estate 401

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. New listings Slightly fewer new listings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract.

New Listings 425

New Listings Contracts Inventory Sellers 425

Housing Wire

JUNE 14, 2024

Buyers today are facing many of the realities of a hot market even though few homes are changing hands,” Redfin senior economist Elijah de la Campa said in the report. And with so few homes for sale, buyers in some markets are getting into bidding wars , which is helping push home prices to record highs.” That was up from 13.2%

Sellers 485

Sellers Buyers Contracts Brokerage 485

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. They have gone through all of this and it will end up being punitive to buyers.

Sellers 446

Sellers Buyers Real Estate Agents 446

Housing Wire

AUGUST 31, 2021

“Some early data suggests that the buyer frenzy experienced this spring is tapering, though many buyers still remain in the market. ” Another report on home-price growth released by the Federal Housing Finance Agency this week pointed to an 18.8% By fueling the process with certainty. . Presented by: Flueid. “We

Housing Market 468

Housing Market Inventory Buyers Real Estate 468

Housing Wire

MAY 1, 2024

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” Barton also touched upon the terms of NAR’s settlement agreement.

Real Estate 370

Real Estate Agents Contracts Real Estate Agent 370

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 461

Mortgage Renovations Appraisal Process Finance 461