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. From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. To attract potential buyers, sellers have to make sure their home is aesthetically pleasing.

Sellers 545

Sellers Real Estate Agent Real Estate Decorating 545

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?

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Buyers Agents Real Estate Agent Loan Officers 383

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? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

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Clients Agents Buyers Sellers 428

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.

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Buyers Real Estate Realtors Agents 354

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.

Sellers 351

Sellers Real Estate Realtors Real Estate Agent 351

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.

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Inventory Buyers Sellers Inspection 439

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

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Buyers Inventory Agents Realty 335

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.

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Market Value Buyers Appraisal Sellers 450

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. We are also consistently measuring more sellers coming back into the market.

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Inventory New Listings Sellers Contracts 463

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.

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Housing Market Marketing Mortgage Sellers 413

Appraisal Buzz

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.

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Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

DECEMBER 10, 2024

Its a symptom of a market thats transitioning away from sellers. 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. Altos considers anything above 30 to be indicative of a seller’s market.

Housing Market 340

Housing Market Marketing New Listings Sellers 340

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 357

Real Estate Sellers Agents Buyers 357

Appraisal Buzz

OCTOBER 4, 2024

It might go without saying that a junk-cluttered yard does a home seller no favors—in fact, six in 10 real estate agents estimate that an unkempt front yard decreases a property’s value by 20% or more. That means sellers in a hurry to close should concern themselves not only with their own property but also with their neighbors’.

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Home Value Real Estate Agent Sellers Real Estate 398

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.

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Market Value Sellers Buyers Finance 323

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.

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Buyers Housing Market Marketing Real Estate Agent 371

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 412

Real Estate Realtors Realty Real Estate Agent 412

Housing Wire

JULY 30, 2021

Due to low inventory, sellers are able to put their homes up at a higher rate. 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. Buy A Fixer-Upper.

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Renovations Buyers Sellers Investing 498

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.

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Realtors Realty Buyers Sellers 518

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.

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Housing Market Marketing Inventory Buyers 409

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.

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Buyers Agents Realtors Sellers 418

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.”

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Housing Market Marketing Inventory Agents 300

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. With others waiting in line behind her, the seller wouldn’t budge on price. It was definitely a rush job! Sellers are surely getting greedy.”. Wow, since when?

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

MAY 6, 2024

More home sellers are coming back to the market each week. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time. At that time, there were more sellers and more sales. We’ll continue to see the number of sellers grow gradually.

Inventory 395

Inventory Contracts Sellers New Listings 395

Appraisal Buzz

JULY 23, 2024

“We’re seeing a slow shift from a seller’s market to a buyer’s market,” said Lawrence Yun, Chief Economist at NAR. Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

Inventory 396

Inventory Inspection Realtors Sellers 396

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A Buyers are taking their time and they definitely are being pickier,” Wallace said. There is no advantage for a seller to work with an offer like that.

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Housing Market Agents Marketing Inventory 372

Housing Wire

AUGUST 2, 2024

The risk of an economic recession remains low, but the pullback in private-sector employment suggests that higher borrowing costs and uncertainty are definitely having an impact,” Sturtevant said in a statement.

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Marketing Mortgage Construction Transportation 456

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.

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Real Estate Agent Real Estate Agents Brokerage 336

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.

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Insurance Inventory Marketing Real Estate 363

Housing Wire

MAY 30, 2024

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. But we are definitely supporting a market that already exists — they don’t use real estate agents anyway. BR: On the surface, it does appear that way.

Real Estate Agent 380

Real Estate Agent Real Estate Sellers Technology 380

Housing Wire

MARCH 18, 2024

While Danzey said the NAR’s decision to settle was not surprising, the quick turnaround for a July implementation date of the new rules definitely gave him a start — and he was not the only one. If the seller is willing to have that discussion, then you and your buyer can see what they would be willing to cover.”

Brokerage 390

Brokerage Real Estate Agents Sellers 390

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 386

Sellers Agents Buyers Realtors 386

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.

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Agents Inspection Real Estate Sellers 409

Housing Wire

APRIL 8, 2024

As sellers gently re-enter the market, more home sales can happen and are happening. Last year there were so few sellers each week and we now observe 10-15% more sellers each week. In other words, seller growth continues. We’ve consistently had more sellers easing into the market. That’s down 6.5%

Inventory 445

Inventory Contracts New Listings Sellers 445

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology.

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Mortgage Inventory Real Estate Technology 516

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.

Mortgage 442

Mortgage Buyers Loan Officers Marketing 442

Housing Wire

MARCH 22, 2024

Every agent claims to be a “top agent” and the definition of “luxury” or “million-dollar agent” is cloudy at best. Your home sellers and buyers research you online. Robust search functionality and optimization: RealTrends Verified elevates your brand in the places homebuyers and sellers look first.

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Brokerage Real Estate Agents Sellers 388