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?

Buyers 482

Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

OCTOBER 25, 2024

With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S. Department of Veterans Affairs (VA) would be disadvantaged.

Buyers 448

Buyers Real Estate Realtors Agents 448

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

DECEMBER 10, 2024

Relatively more homes for sale are giving buyers more leverage, as evidenced by Altos Researchs Market Action Index score falling from 55 in May to 45 today. While the market will naturally slow down during the holidays, agents in Cincinnati expect buyers and sellers to be active in the new year, even with mortgage rates remaining high.

Housing Market 370

Housing Market Marketing New Listings Sellers 370

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. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Change is on the horizon.

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 476

Appraisal Buzz

FEBRUARY 3, 2025

In a recent selling guide announcement by Fannie Mae (November 6, 2024), it was mentioned that they had collaborated with Freddie Mac to update the standardized definitions for neighborhood and market area. The updated definitions are provided below, along with their corresponding definitions from the Appraisal Institute.

Valuation 388

Valuation Appraisal Real Estate Architecture 388

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? billion in Missouri alone.

Clients 459

Clients Agents Buyers Sellers 459

Housing Wire

FEBRUARY 12, 2024

Immediate sales If sellers are growing we need to know if buyers are growing too. We have more buyers than sellers this time of year so the active inventory of unsold homes ticked down this week. And the spring buying season will have improved selection for home buyers. It’s not a ton of sellers. But it is growing.

Sellers 468

Sellers Housing Market Buyers New Listings 468

Housing Wire

NOVEMBER 4, 2024

Although I was certainly nervous about the process, I knew I was far better prepared — and had far more resources and industry experts available for consultation — than most first-time buyers. Lamacchia Realty is using its own buyer representation agreements , and I found the form straightforward and easy to understand.

Agents 435

Agents Inspection Real Estate Sellers 435

Appraisal Buzz

FEBRUARY 6, 2025

Record-high home prices and the accompanying housing wealth gains are definitely good news for property owners, said Lawrence Yun, Chief Economist at NAR. The affordability situation for first-time buyers was marginally better than it was in the previous quarter. Mortgage payments for first-time buyers typically accounted for 37.4%

Buyers 376

Buyers Mortgage Marketing Realtors 376

Housing Wire

AUGUST 16, 2024

Take out a traditional mortgage requiring a monthly payment of principal and interest , which would increase the amount of her monthly retirement distribution, again potentially resulting in a higher tax bill and most definitely decreasing the life of her retirement funds.

Buyers 482

Buyers Mortgage Tools Real Estate 482

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

Buyers 397

Buyers Inventory Agents Realty 397

Housing Wire

SEPTEMBER 5, 2023

Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same. Do you specialize in helping first-time buyers and sellers, or are you leaning towards working with real estate investors ? Here are 11 tips to make these workshops more effective. mortgage lenders, home inspectors, etc.)

Real Estate 448

Real Estate Sellers Buyers Clients 448

Housing Wire

MARCH 14, 2025

Visit Altos Research Sources: Altos Research Buyer statistics Part of being a great buyers agent is getting inside the mind of a buyer. You can do just that by reviewing real estate statistics that quantify the behaviors, decisions and trends of the mass buyer population. 89% of sellers used an agent to sell their home.

Real Estate 358

Real Estate Marketing Real Estate Agent Sellers 358

Housing Wire

OCTOBER 24, 2024

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. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes.

Real Estate 433

Real Estate Real Estate Agent Agents Clients 433

Appraisal Buzz

FEBRUARY 4, 2025

While the term may sound scaryand is most definitely illegala new survey from CertifID showed how many first-time homeowners are at-risk or more likely to be victims of real estate wire fraud. During the closing process, more than 1 in 4 (26%) of buyers and sellers said they received shady or deceptive messages.

Real Estate 363

Real Estate Real Estate Agent Sellers Agents 363

Housing Wire

SEPTEMBER 30, 2024

We are not seeing that same buyer frenzy we were seeing six months ago,” said Audra Fontanella, the broker-owner of Bergen County-based RE/MAX Venture Realtors. “We I am currently dealing with more buyers than before, but there is less pressure right now on buyers to pull the trigger and put in an offer on something.”

Housing Market 432

Housing Market Marketing Inventory Agents 432

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Ben Cohen: I’ve definitely seen an increase in inbound calls from people wanting to get pre-approved to buy a home.

Buyers 418

Buyers Housing Market Marketing Real Estate Agent 418

Housing Wire

JULY 23, 2024

With mortgage rates still hovering around 7%, economists believe buyers are waiting out the next few months until the Federal Reserve cuts benchmark rates, which is expected in September. “We’re We’re seeing a slow shift from a seller’s market to a buyer’s market,” NAR chief economist Lawrence Yun said in a statement.

Inventory 508

Inventory Buyers Inspection Sellers 508

Housing Wire

JUNE 10, 2021

While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Are you thinking about selling your home?

Sellers 546

Sellers Real Estate Agent Real Estate Decorating 546

Housing Wire

AUGUST 28, 2024

Firstly, compensation offers will now be eliminated in MLSs, meaning that they will no longer be displayed or allow offers of compensation to buyer agents. This is a fundamental shift in how real estate transactions are conducted and will require both agents and buyers to adapt to a new way of negotiating and communicating about fees.

Real Estate 481

Real Estate Sellers Agents Buyers 481

Housing Wire

FEBRUARY 12, 2025

Buyer after closing Dear (Buyer Name), It was a pleasure working with you! We ended up receiving (X number) of offers, so many buyers still want to be in this neighborhood/building! We will definitely keep your venue in mind for future events! I hope the extra traffic and noise werent too disruptive.

Real Estate 359

Real Estate Clients Real Estate Agent Open Houses 359

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. She had a mountain of offers and sent me a spreadsheet of them once she had obtained the ‘highest and best’ from all the potential buyers.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

NOVEMBER 7, 2023

It (the tax) is definitely a question that people want to know, that is, how much are the property taxes if I live in eastern Austin versus living here in Williamson County,” Toliver said. “If High tax burdens can play a major factor in whether buyers get priced out of a potential home purchase,” Barber said.

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Property Taxes Home Value Government Valuation 541

Housing Wire

JANUARY 5, 2021

But once the definition of manufactured homes was clarified, and they were shown images or video of what these homes look like, their interest increased by 31%. Beyond manufactured housing, several other affordable housing alternatives have the potential to change the marketplace once buyers are made aware of and educated about them.

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Design Inventory Finance Buyers 518

Housing Wire

AUGUST 8, 2024

“Now they will have to come up with payment for real estate agent services, but that may be challenging for some who are already challenged in terms of coming up with enough down payment,” Hepp said of first-time buyers. “So, So, say it gets rolled into their mortgage or they have to get another loan to pay it off.

Housing Market 488

Housing Market Marketing Mortgage Sellers 488

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 435

Real Estate Realtors Realty Real Estate Agent 435

Appraisal Buzz

SEPTEMBER 26, 2022

They found liar buyers. We have rules, we have standards, and we all know the exact definition of value. The “official unofficial” government-related loan definition of market value is clear. It says buyer and seller are: Prudent and knowledgeable. Also part of the definition: Reasonable market exposure time.

Market Value 321

Market Value Sellers Buyers Finance 321

Housing Wire

AUGUST 5, 2020

The National Association of Realtors found in its Profile of Home Buyers and Sellers in 2019 that 26% of all homebuyers said the quality of schools was important when finding a new home. Living in a good school district is one of the biggest factors for homebuyers, even if they’re empty nesters.

Realtors 521

Realtors Realty Buyers Sellers 521

Housing Wire

NOVEMBER 6, 2020

“[There are] a lot more buyers than there are sellers right now, causing an increase in purchase prices,” Buchbinder said. “A Buchbinder said that because of the lack of inventory, she thinks that some buyers feel like they’ve lost out on an opportunity to buy the perfect home. Presented by: TMS. As of Wednesday, there were eight.

Housing Market 409

Housing Market Marketing Inventory Buyers 409

Housing Wire

AUGUST 15, 2024

He noted that Anywhere is a big fan of the soon-to-be mandatory buyer agency agreements and the transparency they offer consumers. Anywhere is committed to a thoughtful rollout of buyer agreements, with two core concepts guiding our approach. Buyer agreements must be clear, concise and free of legal jargon,” he said. “So,

Brokerage 435

Brokerage Agents Legal Buyers 435

Housing Wire

APRIL 22, 2024

We’re watching sales volumes , which are definitely up over past year but remain slow. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. Obviously, elevated mortgage rates slows both buyer and seller activity.

Inventory 531

Inventory New Listings Sellers Contracts 531

Housing Wire

JULY 19, 2024

From my vantage point, Waterfall has definitely seen firsthand how Ginnie Mae and the FHA have been proactive here, especially in stabilizing the market after the failure of Reverse Mortgage Funding (RMF).” Ginnie Mae has] been very transparent about how securities are meant to support both issuers and investors,” he said.

Development 459

Development Mortgage Design Government 459

Housing Wire

JANUARY 2, 2024

Umpa sold his Ohio home with Redfin and his Maryland home with Compass , and the suit states that he “paid a substantial buyer-broker compensation,” in both transactions. Because this blanket offer must be made available to every buyer-broker using the MLS (i.e., The lawsuit is seeking class action status for everyone in the U.S.

Sellers 448

Sellers Brokerage Real Estate Realtors 448

Housing Wire

JULY 30, 2021

And with today’s low interest rates, buyers have been rushing to purchase what’s available. If you’re a buyer, you want to make sure you’re purchasing a home that’ll increase in value. The definition of a “fixer-upper” varies. Buy A Fixer-Upper. The same can be said about upgrades.

Renovations 505

Renovations Buyers Sellers Investing 505

Housing Wire

MARCH 22, 2024

These rising costs are understandably impacting the ability or willingness of some buyers to purchase specific properties. We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” It is definitely a significant concern and issue,” Smith said.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

JUNE 20, 2024

But between January 2022 and October 2023 , mortgage rates jumped from roughly 3% to 8%, which caused many prospective buyers to rethink their budgets and even their entrance into the market, Wallace said. Buyers are taking their time and they definitely are being pickier,” Wallace said.

Housing Market 448

Housing Market Agents Marketing Inventory 448