Housing Wire

AUGUST 1, 2024

But it will be their sellers who make the decision on an offer of compensation to a buyer broker. In the agreement, sellers have the option to choose to pay their listing broker an exact dollar amount, a percentage of the gross purchase price of the property or an undefined “Other.”

Sellers 436

Sellers Buyers Agents Law 436

Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.”

Real Estate 410

Real Estate Sellers Buyers Agents 410

Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Pending home sales climb There are 362,000 single-family homes under contract. We’re showing 6% more homes in contract now than last year. Homes stay under contract for 30 to 40 days. The rate of home sales is picking up!

Mortgage 439

Mortgage Contracts Inventory New Listings 439

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

OCTOBER 31, 2023

New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. There are far fewer sellers now than in any recent year. However, last year’s seller decline was much more steep.

New Listings 483

New Listings Inventory Contracts Housing Market 483

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 306

Mortgage Inventory New Listings Contracts 306

Housing Wire

OCTOBER 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. New listings go up This year continues to have slightly more sellers than last year but fewer than we used to get in past years. Home prices ticked up this week.

Inventory 414

Inventory New Listings Sellers Contracts 414

Housing Wire

JULY 23, 2024

The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. The surveyed agents also noted that affordability was the No.

Mortgage 510

Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. There are more sellers now as rates have stayed higher for longer. There is still a sense of optimism that more sellers will help this market grow. That’s up 1.5% for the week.

New Listings 425

New Listings Contracts Inventory Sellers 425

Housing Wire

AUGUST 26, 2024

This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year. It also reflects that most homeowners in the country have cheap financing , so they can afford not to sell in unfavorable environments. That’s still roughly 9% more sellers than last year. That’s a notch of 2.5%

Inventory 407

Inventory Marketing Sellers New Listings 407

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

OCTOBER 24, 2023

There are fewer sellers now than any recent year. Housing supply shows no signs of easing There were 325,000 single-family homes in the contract-pending stage, or 6% fewer home sales than last year. Meanwhile, we saw 55,000 new contracts for single-family homes this week. That’s 1,000 more sales than the same week last year.

Contracts 487

Contracts Inventory New Listings Housing Market 487

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. A few more sellers appear to be braving the market each week. We had 52,000 new pending sales this week. We had 52,000 new pending sales this week. That’s 5% more sales initiated than this time a year ago.

New Listings 499

New Listings Contracts Inventory Housing Market 499

Housing Wire

NOVEMBER 20, 2023

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. Enter the savvy seller. But what happens if consumers pivot away from buyer agents altogether?

Buyers 412

Buyers Agents Real Estate Agent Loan Officers 412

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.

Inventory 513

Inventory Sellers New Listings Real Estate 513

Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. That’s more new sellers this year than the same week a year ago, signaling a tiny improvement in our supply-starved housing market.

Inventory 428

Inventory New Listings Housing Market Sellers 428

Housing Wire

AUGUST 6, 2024

The supply of sellers is the other side of the inventory equation. When we look at the new listings pace, there’s no sign of a plethora of sellers are reaching the market. There are slightly more sellers than last year, but seller pace is still very restricted. These homes were on the market and are now in contract.

Mortgage 473

Mortgage Inventory New Listings Contracts 473

Housing Wire

OCTOBER 18, 2024

Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment. But the PPG serves as a backup contract that requires Calque to purchase the home at an agreed-upon price if they can’t sell it within 150 days.

Mortgage 390

Mortgage Buyers Contracts Finance 390

Housing Wire

JULY 15, 2024

That’s a very small number of new listings that took offers and went into contract immediately. The 68,000 total new listings is actually 6% fewer sellers than last year. It feels like sellers are pulling back now and that will keep a lid on inventory growth for the rest of the year. These numbers will rebound this coming week.

Housing Market 486

Housing Market New Listings Marketing Mortgage 486

Housing Wire

JUNE 14, 2024

Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% Sales are sluggish because high homebuying costs are making both house hunters and prospective sellers skittish. year over year. Of the 10 U.S. Last month, 61.9% in May 2022.

Sellers 485

Sellers Buyers Contracts Brokerage 485

Housing Wire

NOVEMBER 6, 2023

Additionally, there are 62,000 new listings this week, with 9,000 of those already under contract. We have the same number of sellers now as last year, which tells us that further declines in home sales because of supply constraints are unlikely. Now the trajectory is the same.

Housing Market 489

Housing Market Marketing Inventory Contracts 489

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.”

Lending 422

Lending Mortgage Government Finance 422

Housing Wire

NOVEMBER 14, 2023

Last year at this time, sellers and homebuyers hit the brakes hard. Meanwhile, there are 66,000 new, single-family listings this week, with 11,000 of those already under contract. New contracts pick up year over year We saw 52,500 new contracts started this week for single-family home purchases, which is low.

Housing Market 457

Housing Market Marketing Inventory Contracts 457

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. In a controlled transaction there is an established relationship between the buyer and seller. Discuss financing. Does your buyer need to secure a mortgage ?

Market Value 398

Market Value Real Estate Agent Real Estate Finance 398

Housing Wire

AUGUST 29, 2024

Many state Realtor associations’ new forms —such as buyer representation agreements—are largely incomprehensible to the average homebuyer or seller and have language that seeks to avoid the terms of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , according to a report released earlier this month.

Buyers 406

Buyers Realtors Agents Sellers 406

Housing Wire

OCTOBER 15, 2024

That’s about 8% more sellers than a year ago, about what we’ve been averaging all year. As has been the case all year for me, I’m watching the new listings count for signs that pent-up seller supply may start leaking or surging onto the market. Home sellers have a current price in mind, and they don’t really want to sell for less.

Inventory 481

Inventory New Listings Sellers Marketing 481

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion. “If

Sellers 446

Sellers Buyers Real Estate Agents 446

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 367

Lending Business Retail Client Relationships 367

Housing Wire

JULY 17, 2024

It means sellers’ agents and brokers should prepare to deal directly with the buyer of an REO property whenever possible going forward. Buyers are skipping the process of obtaining an agent and directly approaching the seller’s listing agents or brokers. Dramatic change is what it means.

Real Estate 493

Real Estate Agents Training Buyers 493

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

OCTOBER 21, 2024

Prior to the implementation of the current CCP in May 2020, listing brokers had two business days from the signing of the listing contract to either enter the listing into the MLS as “active” or submit a listing exclusion form, which had to be authorized by the seller, to the MLS. That should not be dictated by an association.

Brokerage 413

Brokerage Real Estate Sellers Agents 413

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. “Fewer homeowners have a strong incentive to refinance at current rates,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement.

Inventory 409

Inventory Contracts Government Mortgage 409

Housing Wire

FEBRUARY 7, 2024

It also clarified several income calculation and documentation requirements for borrowers who use business income to qualify, which “apply to self-employed borrowers and borrowers with less than a 25% interest in a business,” the update explained.

Retail 408

Retail Project Management Insurance Landlords 408

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

SEPTEMBER 28, 2021

For-sale inventory levels charted their fourth consecutive monthly increase in August, and sellers appear to be taking a less aggressive approach when putting their homes on the market. Another report on home-price growth by the Federal Housing Finance Agency , also released Tuesday, found a 19.2%

Housing Market 501

Housing Market Finance Contracts Inventory 501

Housing Wire

JANUARY 6, 2025

In those times, we just had far more buyers than sellers. So lets take the opportunity to look at a slightly different view of seller volume. These are new listings that take offers within a couple days of listing and go into contract immediately. There are 260,000 single-family homes in contract right now. Thats only 2.3%

Inventory 384

Inventory New Listings Contracts Sellers 384

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147