Housing Wire

MARCH 7, 2025

Think of it as ROYGBIV, but instead of helping third graders learn color theory, it will help you convert more cold buyer leads with less stress. Its powerful stuff, especially for new buyer agents. The LPMAMA script cuts right to the heart of a buyers needs, wants, dreams and financial ability to achieve them. Short on time?

Buyers 300

Buyers Agents Real Estate Client Relationships 300

Housing Wire

OCTOBER 29, 2024

Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. Despite the initial concerns, many industry professionals say first-time buyers are currently faring no worse than other buyers — for now, at least.

Marketing 448

Marketing Real Estate Sellers Buyers 448

Appraisal Buzz

MARCH 31, 2025

We think mortgage rates will move even lower within the next quarter and ultimately close the year at approximately 6.3%, which could be low enough to generate some extra sales from any would-be buyers still waiting on the sidelines. However, many prospective buyers remain on the sidelines, as Zillow has found the average U.S.

Mortgage 435

Mortgage Buyers Home Value Inventory 435

Housing Wire

APRIL 30, 2024

As the July deadline for the implementation of the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement approaches, the trade organization is looking to iron out some details about buyer broker agreements.

Buyers 488

Buyers Open Houses Sellers Agents 488

Housing Wire

MARCH 14, 2025

She wrote that removing CCP in its entirely would be harmful to home buyers and sellers alike because some brokerages will hoard private listings, making them available only to consumers who work with one of their agents.

Sellers 360

Sellers Realtors Buyers Realty 360

Appraisal Buzz

OCTOBER 25, 2024

housing market is showing signs of relief for buyers, as home prices drop in more than half of the largest metropolitan areas. Key Markets Experiencing Price Declines Several major cities across the country are experiencing a drop in median home prices, a welcome change for buyers facing years of affordability challenges.

Buyers 368

Buyers Housing Market Construction Real Estate 368

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn stated that he would not offer or accept compensation from an agent.

Real Estate 459

Real Estate Sellers Buyers Legal Fees 459

Housing Wire

FEBRUARY 27, 2025

While the key statistics about a property will be available to buyers in the real estate listing description, residential buyers tend to shop with their emotions. Your listing description allows you, as the listing agent, to showcase the property’s best features in a way that reaches potential buyers on a deeper level.

Real Estate 387

Real Estate Buyers Agents Renovations 387

Housing Wire

DECEMBER 23, 2024

When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise. I wrote about why this presents a housing recession risk for the Federal Reserve. Housing starts and permits are in a recession today while the number of completed units from homebuilders is increasing.

Construction 525

Construction Inventory Mortgage Development 525

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%.

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370

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 448

Buyers Agents Real Estate Agent Clients 448

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. O’Koniewski said this can sometimes make the buyer’s offer more attractive.

Buyers 468

Buyers Sellers Agents Contracts 468

Appraisal Buzz

SEPTEMBER 9, 2024

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. The average buyer’s agent commission, according to a Redfin report from July, was 2.55%, a little less than it was prior to the settlement’s announcement. I showed a $4.75

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

NOVEMBER 11, 2024

It lets buyers see all of their options,“ Samuelson said. “If I think when we talk about consumers, we often talk a lot about buyers and not enough about sellers. I think if buyers deserve to know days on market, then sellers should deserve to know how long a buyer has been looking and how many of their offers have been rejected.”

Sellers 370

Sellers Brokerage Agents Buyers 370

Housing Wire

JANUARY 17, 2025

As we head into 2025, Im optimistic about the Southern Nevada real estate market and the opportunities it presents. Buyer and seller behavior Ive had countless conversations with potential buyers who are ready for a change, but are not ready to let go of their current mortgage rates in the 3 or 4 percent range.

Real Estate 370

Real Estate Buyers Sellers Marketing 370

Housing Wire

MARCH 14, 2025

Median list price of homes from September 2020 to present (Source: Altos) If you want more statistics like these that are specific to your location, check out Altosthats where all the stats above are from! Visit Altos Research Sources: Altos Research Buyer statistics Part of being a great buyers agent is getting inside the mind of a buyer.

Real Estate 360

Real Estate Marketing Real Estate Agent Sellers 360

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 505

Buyers Realtors Real Estate Agents 505

Housing Wire

AUGUST 1, 2024

In this tantalizing conversation, Collins and Neuberger survey the CMO’s path into marketing , his experience and approach to the field, brand presence, social media and Realtor.com’s recent buyer agency advocacy campaign. The Realtor.com brand presented new opportunities in terms of brand trust, media relationships and syndication.

Buyers 447

Buyers Real Estate Agents Clients 447

Housing Wire

JULY 30, 2024

The August 17 deadline is looming, and many Realtors are gnashing their teeth over how they can share their seller’s offers of buyer broker compensation while still complying with the terms of the settlement. In Dwiggins’ view, there is no need to disclose what the seller is willing to pay in concession or buyer representation fees. “If

Buyers 459

Buyers Realtors Agents Sellers 459

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 17, 2024

The median buyer is now 56 years old, up from 49 in 2023. Existing homeowners, leveraging their home equity, can make substantial down payments, giving them a significant edge over first-time buyers who must borrow more at todays higher interest rates. According to a recent NAR survey, homebuyers are older than they used to be.

Housing Market 397

Housing Market Marketing Buyers Real Estate 397

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 476

Real Estate Agent Real Estate Buyers Agents 476

Appraisal Buzz

OCTOBER 14, 2024

Last week’s big interest rate cut by the Federal Reserve will give buyers a boost in confidence.” For a home to sell fast, or with multiple bids, it needs to be immaculately presented and have a unique design, or additional features like a pool,” said Andrew Vallejo, a Redfin Premier agent in Austin, Texas. “I

Marketing 370

Marketing HOA Buyers Contracts 370

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 ? For best results, present information in many different ways.

Real Estate 448

Real Estate Sellers Buyers Clients 448

Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively.

Buyers 482

Buyers Brokerage Agents Realtors 482

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I She has also started discussing these details with prospective sellers at listing presentations. “No

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

JANUARY 21, 2025

After 29 years and thousands of listing presentations, I have found that sellers, more than ever, want an agent who has solid negotiation chops and who is willing to use them on their behalf. In most cases, a buyer wants to get a fair deal on a house that the seller wants to sell at a fair price. I calmly reply, I understand.

Real Estate 370

Real Estate Clients Sellers Agents 370

Housing Wire

NOVEMBER 3, 2023

eXp World Holdings executives did not mention the Sitzer/Burnett verdict in their third quarter earnings presentation on Thursday, but analysts wanted to hear their thoughts on the potential implications.

Buyers 435

Buyers Realty Real Estate Realtors 435

Housing Wire

FEBRUARY 28, 2025

When we are looking at lower spreads, the Fed was an active buyer of mortgage backed securities (MBS), but clearly they arent today. I think it will take time to get back to that normal 170 basis points with the Fed not an active buyer. That is actually the highest market share since 2006, McKeveny said.

Housing Market 428

Housing Market Inventory Buyers Mortgage 428

Appraisal Buzz

JANUARY 2, 2025

Home price appreciation seems to be settling into a more comfortable pace, just as inventory levels pick up going into 2025: welcome news for prospective buyers who continue to face the headwinds of high mortgage rates. With that being said, the index also reached a new record high for the 17th month in a row. last month). monthly increases.

Inventory 359

Inventory Buyers Home Value Housing Market 359

Appraisal Buzz

OCTOBER 15, 2024

Remarkably, although the majority are happy with their present rental, roughly 27% took a neutral position, expressing neither specific satisfaction nor disappointment. With 45,400 single-family rentals presently in the development phase, 2024 is expected to beat the record 27,500 completions set in the previous year.

Tenants 370

Tenants Renovations Modernization Contracts 370

Housing Wire

JANUARY 27, 2025

Additionally, with cooperative compensation removed from MLS systems, alongside the new requirement for buyer-agency agreements, agents must speak up and share their value clearly and confidently. To do so, develop strategies and programs that cater to buyers and sellers at every stage.

Real Estate 397

Real Estate Clients Technology Agents 397

Appraisal Buzz

OCTOBER 24, 2024

The survey questioned recent homeowners, the majority of whom were first-time buyers, a series of questions about their experience during the mortgage application and closing process, including their perceptions on the use of technology, artificial intelligence (AI), and automated communications.

Loan Officers 425

Loan Officers Technology Tools Development 425

Housing Wire

FEBRUARY 5, 2025

But facing things alone presents a bigger challenge for single individuals, according to a report released Wednesday by Redfin. MBA expects 2025 conditions will improve as housing supply increases, giving prospective buyers more options and putting less pressure on their budgets,” Seiler said in a statement.

Housing Market 372

Housing Market Marketing Brokerage Government 372

Housing Wire

NOVEMBER 1, 2024

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

DECEMBER 16, 2024

We are once again expecting mortgage rates to get better gradually, and opportunities for buyers should follow, but be prepared for plenty of bumps on that path,” Zillow chief economist Skylar Olsen said in a statement. “There’s a strong sense of dj vu on tap for 2025.

Housing Market 370

Housing Market Marketing New Listings Home Value 370