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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Agents 435
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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

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.

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Anxiety grips LOs as layoffs sweep the industry

Housing Wire

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. With newer folks, there definitely is more uncertainty because if there is a squeeze, am I good enough to survive? Presented by: Black Knight. In 2020, hiring in the mortgage industry surged.

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A look at Knoxville’s hot housing market

Housing Wire

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” year-over-year.

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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents.

Buyers 482
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Home sales are growing. Will it continue?: Altos

Housing Wire

Last week, the National Association of Realtors released their December pending sales data. Homes in contract rises There are more homes in contract now than last year at this time. I think this trend is durable, but it’s definitely not a guarantee. The median price of the homes in contract is just under $385,000.

Contracts 448
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Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

Contracts during this time also skyrocketed 62%. Depersia said that there are definitely bidding wars in his housing market, especially with more people coming out from the city and trying to live in the Hamptons full time. Miami Realtor Ines Flax, with One Sotheby’s International , said her housing market is heating up this winter.