Housing Wire

OCTOBER 7, 2020

August’s HPSI survey revealed both a confident seller’s and buyer’s market, however, Fannie Mae reported September buyers showing more hesitancy. Despite real estate agents reporting record numbers, buyer morale fell 5% with 54% of respondents saying it is a good time to buy a home. Presented by: NAMB. As of Oct.

Sellers 538

Sellers Real Estate Agent Buyers Design 538

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

APRIL 7, 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. Presented by: Propertybase. The post Home sellers are feeling good about 2021 appeared first on HousingWire.

Sellers 518

Sellers Real Estate Real Estate Agent Loan Officers 518

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., 27, 2019, and the present.

Sellers 448

Sellers Brokerage Real Estate Realtors 448

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% from August 2019 to the present. from July’s levels.

Sellers 397

Sellers Housing Market Buyers Marketing 397

Appraisal Buzz

NOVEMBER 22, 2024

Those trends include buyers’ pursuit of “forever dream homes” which, according to agents, offer adaptability to grow and change alongside homeowners’ evolving lifestyles. There also is a rising demand for “impeccably presented, move-in ready or new construction homes with attractive pricing,” concurred 44% of the specialists on their survey.

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Housing Wire

OCTOBER 3, 2024

Conrad discusses best practices for transparent conversations between listing agents and sellers, the value of educating sellers on the new buyer agent compensation agreements , and ways to show your value as a professional agent. Velt chimes in and shares how important it is to be transparent with sellers.

Sellers 448

Sellers Agents Training Clients 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

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Sellers 435

Sellers Mortgage Technology Buyers 435

Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market. Homeowners want to picture themselves living in a clean, fresh home.

Home Improvement 482

Home Improvement Real Estate Agent Sellers Real Estate 482

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. If mortgage rates follow, that could bring another surge of buyers later this year.”

Sellers 448

Sellers Buyers Real Estate Inventory 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. Heading into Aug. which is no longer in effect.

Buyers 468

Buyers Sellers Agents Contracts 468

Housing Wire

JANUARY 28, 2022

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said. Presented by: Equifax.

Sellers 459

Sellers Investing Investors Housing Market 459

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

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

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

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. We knew there had to be an efficient way of handling this sort of communication.” From this, HomeKick was born.

Buyers 459

Buyers Realtors Agents Sellers 459

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

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

Real Estate 448

Real Estate Sellers Real Estate Agent Tools 448

Housing Wire

OCTOBER 5, 2021

Homeowners are able to track tours and buyer feedback on their home through the Redfin Owner Dashboard. Presented by: Flueid. When an ADT outfitted home is purchased through Redfin, the buyer keeps the pre-installed smart lock, ADT security panel, and sensors, which are valued at $899. Learn more here.

Buyers 418

Buyers Agents Real Estate Technology 418

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

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

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

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Presented by: Propertybase. As work-from-home became the norm throughout the U.S.

Buyers 493

Buyers Real Estate Agent Real Estate Brokerage 493

Housing Wire

JULY 17, 2023

Buyers and sellers alike must learn to navigate these uncharted waters. Buyers aren’t willing to value companies at that level in this market, nor should they. Less cash up front Every seller would love a duffle bag of cash dropped on their desk. At the end of the day, sellers want to sell, and buyers want to buy.

Real Estate 370

Real Estate Buyers Sellers Brokerage 370

Housing Wire

SEPTEMBER 30, 2022

Presented by: FormFree. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. Still the seller’s motivation is the key factor for whether to drop the price or not. Not yet anyway.

Buyers 482

Buyers Mortgage Loan Officers Retail 482

Housing Wire

JULY 30, 2024

At the new Homes.com , we always present the listing agent and only the listing agent on any home for sale on our site. When a potential buyer reaches out to the listing agent on a home for sale it is a potentially valuable lead no agent should be forced to give up. This is not a new principle for us.

Agents 463

Agents Real Estate Agent Real Estate Buyers 463

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

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. 17, 2020, and the present.

Realtors 533

Realtors Brokerage Real Estate Realty 533

Housing Wire

OCTOBER 3, 2024

This rule is no longer in place due to the terms of NAR’s home seller commission lawsuit settlement , which went into effect in August. The suit is seeking class-action status for a nationwide class that is defined as all persons who purchased a residential property listing on a Realtor-affiliated MLS between 2002 and the present.

Realtors 448

Realtors Real Estate Sellers Agents 448

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

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 468

Agents Advertising Real Estate Sellers 468

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 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 476

Agents Sellers Realty Buyers 476

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. This would lead to competition among buyer brokers to offer lower commission rates.

Real Estate 468

Real Estate Realtors Realty Brokerage 468

Housing Wire

AUGUST 28, 2024

While this transition period may present challenges, we are confident that the proactive steps we have taken (as well as all other real estate companies) will allow for a smooth adjustment, ultimately benefiting everyone involved. We have been aware of this for a while and have fully prepared for the changes this will bring.

Real Estate 480

Real Estate Sellers Agents Buyers 480

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states.

Sellers 459

Sellers Realtors Buyers Agents 459