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

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

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 429

Housing Market Marketing Inventory Agents 429

Housing Wire

JULY 23, 2024

That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

Inventory 508

Inventory Buyers Inspection Sellers 508

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

Housing Wire

MARCH 14, 2025

They have been gathered from reputable and distinguished sources, including Altos Research, the National Association of Realtors, Zillow, the Census Bureau and more to guarantee they are the most up-to-date, expert opinions in the biz. 32% of buyers are first-time buyers, and 75% of those first-time homebuyers are aged 25 to 33.

Real Estate 342

Real Estate Marketing Real Estate Agent Sellers 342

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. 20, the National Association of Realtors said that contract signings were up 23% year over year. Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 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 479

Real Estate Sellers Agents Buyers 479

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

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 344

Real Estate Clients Real Estate Agent Open Houses 344

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

That renewed interest is being felt on the ground, according to Keller Williams Realtor Danielle Buchbinder. There are] a lot more buyers than there are sellers right now, causing an increase in purchase prices,” Buchbinder said. “A But the amount of buyers still definitely outweigh the listings that are out there.

Housing Market 409

Housing Market Marketing Inventory Buyers 409

Housing Wire

NOVEMBER 14, 2023

And based on Judge Stephen Bough’s latest filing, it doesn’t appear the real estate industry will have definitive answers any time soon. As the dust from the Sitzer/Burnett commission lawsuit trial and jury verdict settles, many unanswered questions remain. From there, the plaintiffs have until Feb.

Real Estate 434

Real Estate Realtors Agents Buyers 434

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Housing Market 488

Housing Market Marketing Mortgage Sellers 488

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. million in damages for both the Moehrl and Sitzer/Burnett suits.

Buyers 448

Buyers Agents Realtors Sellers 448

Housing Wire

NOVEMBER 18, 2020

Donna Duryea, a Realtor at Corcoran Pacific Properties , told HousingWire that a local shipping company asked for a 30% increase in fees because the number of ships has been “curtailed” due to COVID-19. But the rising costs aren’t deterring buyers from the Hawaii housing market, with many buying sight-unseen. “I

Housing Market 488

Housing Market Marketing Real Estate Agent Inventory 488

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% ” Poveda said he usually discourages his buyers from waiving an appraisal — a popular tactic that has popped up during the housing craze of the last 18 months. year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

AUGUST 15, 2024

While it might seem incredibly complicated to guide both owned brokerages and franchisees through the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , Anywhere Real Estate views having both models under its umbrella as a blessing. The first is simplicity.

Brokerage 435

Brokerage Agents Legal Buyers 435

Housing Wire

OCTOBER 23, 2020

Koch said that since this summer — typically the home-buying off-season — was busy for buyers, he thinks it will only get crazier. “We Over where the weather is colder, Steven Shane, a Compass real estate agent in Aspen, Colorado, said that buyers are coming from all over Texas, Florida, New York and California. Presented by: NAMB.

Housing Market 537

Housing Market Marketing Real Estate Agent Real Estate 537

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! NAR recently shared that there are nearly 30% more homes available for sale compared to earlier in the year but that buyers need to earn at least $125,000 to afford to buy most of these additional homes. .

Real Estate 418

Real Estate Realtors Brokerage Business 418

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Appraisal Buzz

JULY 23, 2024

According to the National Association of REALTORS , existing-home sales decreased in June while the median sales price increased to the highest amount ever recorded for the second consecutive month. We’re seeing a slow shift from a seller’s market to a buyer’s market,” said Lawrence Yun, Chief Economist at NAR. from May and 23.4%

Inventory 395

Inventory Inspection Realtors Sellers 395

Housing Wire

OCTOBER 31, 2024

17 is the need to educate customers about rule changes and have conversations about agent fees with buyers at the start,” Redfin chief economist Daryl Fairweather said in a statement. The settlement rules ban blanket offers of compensation to buyer agents on multiple listing services. Redfin agents say the biggest difference since Aug.

Real Estate Agent 375

Real Estate Agent Real Estate Agents Brokerage 375

Housing Wire

MARCH 2, 2023

Lower mortgage rates back in January brought buyers back into the market. Now that rates are moving up, affordability is hindered and making it difficult for potential buyers to act, particularly for repeat buyers with existing mortgages at less than half of current rates,” he said. That’s tough to compete against.”

Mortgage 468

Mortgage Buyers Loan Officers Marketing 468

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. It is going to be a more popular homebuying season for first-time buyers,” Losey said.

Housing Market 459

Housing Market Agents Marketing Inventory 459

Housing Wire

MARCH 22, 2024

“I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We It is definitely a significant concern and issue,” Smith said. Literally since Jan.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

OCTOBER 3, 2023

Compound that with the many sexual harassment and incompetency claims recently leveled against the National Association of Realtors (NAR) , and the confusion is understandable. Meaning, they were counting on buyer agent compensation to pay their bills. How, then, will a buyer agent get paid? But you do so at your own risk.

Agents 435

Agents Training Buyers Law 435

Housing Wire

DECEMBER 19, 2022

This trend has made it easier for buyers with financing and other contingencies to purchase a home. Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said.

Marketing 434

Marketing Inventory Buyers Housing Market 434

Appraisal Buzz

OCTOBER 4, 2024

Scott Beloian , a California broker of 25 years and owner of Westcoe Realtors Inc. says he has seen how clutter can reduce a home’s value by 10% or more as prospective buyers “struggle to see past the mess” and make negative assumptions about the home’s general maintenance. Just 3% said it doesn’t matter).

Home Value 397

Home Value Real Estate Agent Sellers Real Estate 397

Housing Wire

OCTOBER 17, 2023

The highly anticipated trial of the Sitzer/Burnett buyer broker compensation class action lawsuit kicked off in earnest on Tuesday morning, with opening arguments taking place in the Kansas City courtroom belonging to U.S. District Court Judge Stephen Bough.

Sellers 435

Sellers Agents Buyers 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 Both buyers and sellers are coming back to the market,” Fischer said. I’ve had buyers drop out of the market because they just feel like they are never going to find something,” Hanna said.

Housing Market 468

Housing Market Marketing Inventory Construction 468

Housing Wire

NOVEMBER 12, 2020

Vacation areas and luxury housing markets aren’t the only ones benefitting from a wave of pandemic buyers : southeastern locales are also filling up. Homes are “singing out the door about as fast as they come on the market,” in Little Rock, Arkansas, according to Melissa Bond, a Realtor at United Real Estate – Central Arkansas.

Housing Market 379

Housing Market Marketing Inventory Realtors 379

Housing Wire

NOVEMBER 9, 2023

We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights, but that they are protected from all the cost that is associated with the real estate transaction,” Braga said.

Legal 458

Legal Real Estate Real Estate Agent Law 458

Appraisal Buzz

AUGUST 22, 2024

Existing-home sales improved in July, breaking a streak of four consecutive monthly declines, according to the National Association of REALTORS®. But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates.” Three out of four major U.S. million in July. million in July 2023).

Realtors 305

Realtors Buyers Inventory Insurance 305

Housing Wire

DECEMBER 27, 2023

Sellers have brought up the affordability issue with housing and they have wondered how much resources buyers have and if they would be able to now all of a sudden potentially pay a buyer’s agent fee on top of their mortgage down payment and closing costs,” Alperin said. And Posnick is certainly not alone in his apprehension. “It

Real Estate Agent 459

Real Estate Agent Real Estate Agents Clients 459

Housing Wire

JUNE 28, 2024

There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. It really is just really slow from a buyer standpoint.” as of June 21, 2024.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

JULY 22, 2024

The technology companies came into the industry about 20 to 25 years ago, and they flat out told the Realtors that they were going to put them out of business like they did with travel agents and bookstores. So, with everything, I think we are going to see membership numbers in the National Association of Realtors go down.

Real Estate 456

Real Estate Real Estate Agent Technology Agents 456