Housing Wire

SEPTEMBER 30, 2024

We are not seeing that same buyer frenzy we were seeing six months ago,” said Audra Fontanella, the broker-owner of Bergen County-based RE/MAX Venture Realtors. “We We are seeing multiple offers definitely in those medium price ranges. There is definitely frustration among buyers,” she said. “It in early May to 47.88 as of Sept.

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Housing Market Marketing Inventory Agents 429

Housing Wire

JULY 23, 2024

That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. million. “We’re

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Inventory Buyers Inspection Sellers 508

Housing Wire

NOVEMBER 14, 2023

At the center of the plaintiffs’ complaint is the National Association of Realtors’ Clear Cooperation policy, which requires listing brokers to make a blanket offer of compensation to buyers’ brokers in order to list the property on the MLS. “In 13, 2019, to the present.

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Real Estate Realtors Realty Real Estate Agent 435

Housing Wire

AUGUST 28, 2024

Additionally, we will also see from August 17th the prohibition of compensation offers, meaning that MLS participants, subscribers, and sellers will be prohibited from making any offers of compensation in the MLS to buyer brokers or other buyer representatives.

Real Estate 479

Real Estate Sellers Agents Buyers 479

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

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Housing Market Marketing Mortgage Sellers 488

Housing Wire

FEBRUARY 12, 2025

Seller right after a listing appointment Dear (Seller Name), It was so nice meeting you today! We will definitely keep your venue in mind for future events! Thanks again, (Your Name) When to send realtor thank you cards Youve heard of speed to lead the first to contact the lead usually gets it. Youre the best!

Real Estate 344

Real Estate Clients Real Estate Agent Open Houses 344

Housing Wire

OCTOBER 25, 2024

As the real estate industry grappled with the fallout of the Sitzer/Burnett jury verdict and eventual settlement from the National Association of Realtors (NAR), a top concern was how changes to the agent commission structure would impact veteran homebuyers. Those are not the loan transactions that we continue to see some confusion around.

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Buyers Real Estate Realtors Agents 448

Housing Wire

NOVEMBER 20, 2023

The Sitzer/Burnett trial out of Kansas City found the National Association of Realtors (NAR) guilty of conspiring to inflate agent commissions — sparking a debate over agent commission fees and the longstanding role of buyer agents in real estate transactions. Enter the savvy seller.

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Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

AUGUST 5, 2020

The National Association of Realtors found in its Profile of Home Buyers and Sellers in 2019 that 26% of all homebuyers said the quality of schools was important when finding a new home. Living in a good school district is one of the biggest factors for homebuyers, even if they’re empty nesters.

Realtors 521

Realtors Realty Buyers Sellers 521

Housing Wire

NOVEMBER 6, 2020

That renewed interest is being felt on the ground, according to Keller Williams Realtor Danielle Buchbinder. There are] a lot more buyers than there are sellers right now, causing an increase in purchase prices,” Buchbinder said. “A But the amount of buyers still definitely outweigh the listings that are out there.

Housing Market 409

Housing Market Marketing Inventory Buyers 409

Appraisal Buzz

JULY 23, 2024

According to the National Association of REALTORS , existing-home sales decreased in June while the median sales price increased to the highest amount ever recorded for the second consecutive month. We’re seeing a slow shift from a seller’s market to a buyer’s market,” said Lawrence Yun, Chief Economist at NAR. from May and 23.4%

Inventory 395

Inventory Inspection Realtors Sellers 395

Housing Wire

OCTOBER 21, 2024

The controversial Clear Cooperation Policy from the National Association of Realtors continues to spark debate — for several reasons — among real estate professionals. Fooling themselves’ While some in the real estate industry find the argument of increased seller choice compelling, others are not buying it.

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Housing Wire

SEPTEMBER 6, 2023

We are not going to defend this case anymore,’ so that will definitely lead to changes.” 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.

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Buyers Agents Realtors Sellers 448

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! But the issue that seems to take up space in my mind, and has for several years now, is the threat that I believe Realtors are under as it pertains to our role in the industry.

Real Estate 418

Real Estate Realtors Brokerage Business 418

Appraisal Buzz

OCTOBER 4, 2024

It might go without saying that a junk-cluttered yard does a home seller no favors—in fact, six in 10 real estate agents estimate that an unkempt front yard decreases a property’s value by 20% or more. That means sellers in a hurry to close should concern themselves not only with their own property but also with their neighbors’.

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Home Value Real Estate Agent Sellers Real Estate 397

Housing Wire

OCTOBER 17, 2023

The National Association of Realtors , whose Participation Rule lies at the center of the this and other lawsuits, used its opening remarks to note that the rule has been around for 25 years and has been clearly published on NAR’s website.

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Sellers Agents Buyers Realtors 435

Housing Wire

DECEMBER 27, 2023

Sellers have brought up the affordability issue with housing and they have wondered how much resources buyers have and if they would be able to now all of a sudden potentially pay a buyer’s agent fee on top of their mortgage down payment and closing costs,” Alperin said. A wise agent right now is talking to buyers and sellers,” Brown said.

Real Estate Agent 459

Real Estate Agent Real Estate Agents Clients 459

Housing Wire

OCTOBER 31, 2024

Measuring commission rate changes since August is significant because that’s when new rules related to the National Association of Realtors ‘ antitrust settlement went into effect. While lower rates will definitely affect agents, they could also send many brokerages into operating losses that would endanger their very existence.

Real Estate Agent 375

Real Estate Agent Real Estate Agents Brokerage 375

Housing Wire

SEPTEMBER 30, 2020

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.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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

MARCH 22, 2024

“I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We It is definitely a significant concern and issue,” Smith said. Literally since Jan.

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Insurance Inventory Marketing Real Estate 448

Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. While Im sure there are instances where this is unfortunately the case, there are legitimate reasons why selling off-market is in the sellers best interest.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

FEBRUARY 24, 2025

People will stick around for entertainment, so show off LinkedIn realtor expertise! Expired sellers and FSBOs: This is for the bravest of agents out there! Look up expired sellers and FSBO sellers on LinkedIn and send them a message. Offer to help and ask if theyd like you to come over and see the property. to $139.99

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Real Estate Agent Real Estate Agents Tools 261

Housing Wire

NOVEMBER 9, 2023

We’ve definitely seen a movement in the last few years to be more ‘end-consumer friendly’ if you will — making sure that they are protected, not only in knowing their rights, but that they are protected from all the cost that is associated with the real estate transaction,” Braga said.

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Legal Real Estate Real Estate Agent Law 458

Housing Wire

AUGUST 15, 2024

While it might seem incredibly complicated to guide both owned brokerages and franchisees through the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , Anywhere Real Estate views having both models under its umbrella as a blessing.

Brokerage 435

Brokerage Agents Legal Buyers 435

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 459

Clients Agents Buyers Sellers 459

Housing Wire

OCTOBER 3, 2023

Compound that with the many sexual harassment and incompetency claims recently leveled against the National Association of Realtors (NAR) , and the confusion is understandable. With many MLSs, the guidelines previously stated the definition of cooperation meant the listing broker had to offer at least $1.00

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Agents Training Buyers Law 435

Housing Wire

MAY 3, 2024

The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“

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Inventory Housing Market Marketing Real Estate 430

Housing Wire

MARCH 18, 2024

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits , Doug Danzey, the leader of the eXp Realty -brokered teamerage The Cobalt Group , said the most pervasive emotion among his agents has been panic. “I More off-MLS listings? It is really going to go backwards.

Brokerage 448

Brokerage Real Estate Agents Sellers 448

Housing Wire

JUNE 28, 2024

Buyers are still buying and sellers are still selling. We’ve definitely noticed an increase in inventory, and with not as much buyer activity, we are seeing longer days on the market and even some price drops,” Kubichko said. “I I have more listings right now than I have had in years.” in early March to 25, 20 and 11 in late June.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

MARCH 2, 2023

Applications have definitely slowed down in the last few weeks. But with all of the volatility it’s been a struggle to get sellers to give the kind of credits we need for those programs. I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I

Mortgage 468

Mortgage Buyers Loan Officers Marketing 468

Housing Wire

NOVEMBER 12, 2020

Homes are “singing out the door about as fast as they come on the market,” in Little Rock, Arkansas, according to Melissa Bond, a Realtor at United Real Estate – Central Arkansas. According to the Little Rock Realtors Association in Arkansas, listing count is down 40.5% in October year over year, and there is currently only 2.1

Housing Market 379

Housing Market Marketing Inventory Realtors 379

Housing Wire

APRIL 16, 2024

Due to major policy changes from federal agencies and the proposed settlement agreement by the National Association of Realtors (NAR) in the commission lawsuits, more companies and professionals are venturing into dual licensing — also called dual capacity. Being a good Realtor is hard. I think there’s some potential there.”

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

MAY 9, 2024

Wood, who is overseeing the Batton suit as well as the Moehrl home seller commission lawsuit , said this request was “neither necessary nor appropriate.” As part of their settlement agreements, Anywhere, RE/MAX and Keller Williams have agreed to pay $83.5 million , $55 million and $70 million , respectively.

Brokerage 397

Brokerage Realty Sellers Real Estate 397

Appraisal Buzz

AUGUST 22, 2024

Existing-home sales improved in July, breaking a streak of four consecutive monthly declines, according to the National Association of REALTORS®. But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates.” Three out of four major U.S. million in July. million in July 2023).

Realtors 305

Realtors Buyers Inventory Insurance 305

Housing Wire

OCTOBER 19, 2023

Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News. Why do commission rates appear to be so insensitive to economic forces?

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Training Agents Real Estate Brokerage 435

Housing Wire

DECEMBER 19, 2024

Altos considers anything above 30 to be indicative of a sellers market. We were already on the path, but COVID made us sprint to our destination, said Bob Quinn, CEO of the New Hampshire Association of Realtors (NHAR). 18, with a market action index score of 55.77. We need to get 6,000 or 7,000 homes on the market a month.

Housing Market 397

Housing Market Marketing Inventory Clients 397