This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. Help negotiating with buyers registered at just 13%.
As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. In a bidding war, cash buyers and investors will win, and first-time buyers will lose.
Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%
Last year, spring home sellers who put their house up for sale in the second half of May were able to get the most money for it. As buyers become serious about property looking before their summer vacation and the start of the new school year in the fall, search traffic usually peaks before Memorial Day.
The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip first appeared on The MortgagePoint. The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip appeared first on Appraisal Buzz. With a growth rate of 21.4%
But if buyers and sellers were compelled to transcribe their inaction, it would read like a sociopaths diary entry: We could have watched you grow up, but your grandpa and me werent willing to give up our 2.875% rate to move closer to you. This year, buyers and sellers are ready to get back to writing. Inaction is easy.
Commission questions, cost sensitivity Commission fees remain a central concern for sellers, especially in the wake of the National Association of Realtors (NAR) landmark settlement in 2024. More than half (52%) of surveyed sellers said theyve considered selling without an agent, with cost cited as the top reason.
According to HomeLight ‘s Top Agent Insights report released this week, real estate agents are feeling this and are being forced to switch up tactics to attract buyers. Agents reported that 27% of first-timer buyers requested mortgage rate buydowns from sellers. 30 and Nov.
Timing is crucial in a difficult real estate market, and this year, the Realtor.com Best Time to Sell study indicates that the best time for sellers to discover the best balance of market circumstances is between April 13 and April 19. Reduced rivalry between sellers: This week would have 13.2% more than the average week of the year.
The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. A survey of 1,000 first-time sellers found that 79% regretted aspects of their home purchase, with 91% saying those regrets influenced their decision to sell. I do think the price of a mortgage should go down, he said. They do have grants.
The gap between buyers and sellers has been growing, but are we about to have an Indiana Jones moment in the housing market? I think many people are wondering that, so let’s talk about it.
Home Sales Report , which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% Margins fell back as the increase in home values failed to keep up with larger price spikes recent sellers had been paying when they originally bought their homes. ATTOM has released its Year-End 2024 U.S.
Key Findings: Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.
Nonetheless, increasing price reductions and declining pending house sales indicate that buyers are being cautious, most likely as a result of the uncertain economic climate and customers growing anxieties about their individual financial circumstances. Data also suggest that pricing competitively is key for sellers in todays environment.
Those trends include buyers’ pursuit of “forever dream homes” which, according to agents, offer adaptability to grow and change alongside homeowners’ evolving lifestyles. Some 34% of specialists say they foresee a shift by sellers away from aspirational pricing strategies. Among specialists, 32.8% elections. “A
According to the Realtor.com January Monthly Housing Report, January saw a positive shift in seller activity despite recent hikes in mortgage rates, with the number of newly listed homes increasing 37.5% Buyers & Sellers Thaw Alongside Winter Weather Additionally, for the fifteenth consecutive month, annual inventory increased, with 24.6%
As inventory builds and, as there are fewer offers from homebuyers , more sellers feel the need to reduce the asking price of the homes for sale. At this time, of year theres new inventory and new buyers are shopping. In recent weeks, we can see that those buyers are waiting. I am hoping for 5-10% seller growth each week.
According to a recent Realtor.com survey, some70% of prospective sellers believe that now is a good time to sell, indicating that sellers nationwide are feeling upbeat as we approach this years Best Time to Sell. Some 96% of prospective sellers have taken some action to start getting ready to sell their house.
However, some buyers appear to be adapting. Redfin agents report that buyers who can afford to purchase are acting now before costs rise further. Redfin agents report that buyers who can afford to purchase are acting now before costs rise further. These high costs have put a damper on pending home sales, which fell 2.3%
Sellers approved by Freddie Mac who use Loan Product Advisor will be able to take advantage of the new ACE and ACE+ PDR appraisal waiver expansions. A future Single-Family Seller/Servicer Guide Bulletin will include more details and the date of implementation. up to 97% for Home Possible loans).
It was based on the premise that buyer brokers were using commission rates posted on the [ multiple listing service ] to steer buyers to properties that provided higher levels of compensation. … The settlement makes sense — but only on paper. The goal of the settlement was laudable,” Monestier writes. “It
New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. Sims was able to sell the properties quickly thanks to the deep and wide pool of buyers using Auction.com, with its more than 7.4 million registered users.
Ranking second easiest for sellers is Allentown, Pennsylvania, with 57.4% On average, buyers took 36 days to close a deal, with a median sale price of $242,300 as of last October. Higher priced properties may still sell, but most of the cities on this list are clearly attracting buyers because they are more affordable.
The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. Notably, 63% of first-time buyers were surprised by the cost. It was noted that 79% of buyers compromised on at least one priority. Among Gen Z, 49% exceeded their budget—over 1.5
-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It.
Pent-up demand caused the housing market to flare up in February, but as buyers wait for more inventory, it has cooled off in March, according to Josh Felder, a Redfin Premier real estate agent in the Bay Area. ppts Which Metros Are Seeing the Biggest Buyer Markets? percentage points from the previous year. ppts 42.7% ppts 19.5%
Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Not only is this method popular, but it’s also well-regarded; 76% of sellers who worked with an agent felt their services were worth the cost.
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.
NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market. The data reflects shifting financial dynamics, as older buyers particularly boomers are increasingly purchasing homes outright with cash.
However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. There are a few markets in the South where home prices have inched down recently and every bit helps buyers but those prices have not adjusted much, and theres no sign of any major correction in the works.
“Technology has enabled homeowners to live more sustainably and more affordably, which is a growing priority for prospective buyers,” said Amanda Pendleton, a Home Trends Expert at Zillow. The post Homeowners and Buyers Reveal the Most Desired Home Trends for 2025 first appeared on The MortgagePoint.
Earnouts From Sellers perspective, earnouts can be an opportunity to be paid more for the business over a period of time or, alternatively, an unnecessary holdback of part of the purchase price. Earnouts are contingent payments based on Buyer achieving future financial targets that may never happen.
The company was one of the first to come up with its own buyer broker agreement in response to the business practice changes outlined in the National Association of Realtors (NAR) nationwide commission lawsuit settlement agreement. To give every seller in America a clear view of whats at stake. Were modeling what leadership looks like.
A major economic downturn (29%) is the most reported reason sellers would delay their plans, while a property tax increase (43%) would be the biggest motivator to expedite selling. !function(e,n,i,s){var For those in slower markets, patience may be required, while in fast-moving areas, sellers could still find strong demand.
“Frustration happens when one agent who is doing things the legacy way calls up the listing broker and asks what they are doing for cooperative compensation, and the listing broker tells them they aren’t, but their seller is willing to consider all offers, so ask for the compensation in the offer,” Srivatsaa said. Approaching the Aug.
Home staging is your chance to transform a property into a home that buyers cant wait to get their hands on. Buyers want to be able to see how a home will work for them. The best home staging tips help you create a welcoming environment that will make buyers feel right at home. Why is home staging important?
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Generation X buyers (ages 4559) held steady at 24% of their share.
Now, a new website , called Washington Homeowner Rights, is soliciting NWMLS home sellers in Washington state for a potential class action lawsuit. Specifically, they are reaching out to home sellers who experienced a price drop or significant days on market. Northwest MLS has declined to adopt those misguided, exclusionary rules.
home sellers believe now is a good time to list their homes. This is driven by their confidence in home values and buyer demand, according to survey results released Monday by Realtor.com. Roughly 70% of potential sellers said it is a favorable time to sell, despite concerns about mortgage rates and broader economic factors.
Wacksman: That’s the Zillow app for a buyer and a seller. What does the buyer or seller want? One has to keep up with where the buyer and seller is going. Dwiggins: With this app, how do you balance between what the agents and the brokerage want with the sellers’ wants?
“Partnering with Zillow to commit to listing transparency is simply the right thing to do for homebuyers and sellers across America. The idea here is that if a brokerage is holding listings back, theyre only sharing those listings and publicly marketing those listings to buyers who work with them.
Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.
In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers.
On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Altos considers anything above 30 to be indicative of a sellers market. I would say there are more buyers out there now than there were pre-pandemic when the rates were lower. as of Jan. 6, compared to a score of 44.64
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content