Housing Wire

AUGUST 21, 2024

For Linda O’Koniewski , the broker-owner of Leading Edge Real Estate , one of the largest hiccups so far was when one of her agents brought a buyer offer that included concessions to a seller. The seller basically told them to drop dead,” O’Koniewski said. “So, This allows them to keep their net but lower the price.

Sellers 482

Sellers Agents Real Estate Buyers 482

Housing Wire

AUGUST 5, 2024

eXp Realty recently released forms that make it clear it is firmly up to the seller to decide whether or not they will offer buyer broker compensation. At Side, we’ve invested millions into our brokerage platform, including in the quality of managers that run each market we are in. Dwiggins said.

Sellers 468

Sellers Buyers Agents Advertising 468

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 447

Sellers Agents Training Clients 447

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. But, the market change isnt evenly distributed. Two and a half years.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year. real estate market as of mid-August 2024. That’s still roughly 9% more sellers than last year.

Inventory 468

Inventory Marketing Sellers New Listings 468

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. A few states have more homes on the market now than any time in the last eight to 10 years. more than a year ago.

Inventory 368

Inventory Housing Market Marketing Sellers 368

Housing Wire

NOVEMBER 4, 2024

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. Lowering commissions will not cause sellers to reduce their prices.

Buyers 321

Buyers Sellers Agents Real Estate 321

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

Housing Market 472

Housing Market Marketing Sellers Buyers 472

Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. A substantial drop in new listings is a contributing factor.

Housing Market 370

Housing Market Marketing New Listings Sellers 370

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

Housing Market 488

Housing Market Marketing Mortgage Sellers 488

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Housing Wire

OCTOBER 29, 2024

The market is not great, so we aren’t often dealing with multiple-offer situations. And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.” I think ultimately, though, sellers should be looking at their net (profit).

Marketing 448

Marketing Real Estate Sellers Buyers 448

Housing Wire

SEPTEMBER 9, 2024

The interviews revealed that buyers in some markets are more open to taking on some of the cost of compensating their agents. While Redfin agents are seeing more negotiations, it’s more common in some markets than others. In general, however, Redfin agents still see sellers willing to pay for buyer commissions. “We’ve

Agents 480

Agents Marketing Sellers Buyers 480

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. of the homes on the market. Find out more here.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. This places Miami among the top-tier real estate markets in the country, attracting both local and international buyers and driving intense competition among real estate agents. As of Sept. Each closed over 50 transaction sides in 2023.

Real Estate 463

Real Estate Agents Marketing Real Estate Agent 463

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. It’s a complex landscape where the tension between renting and owning is more pronounced than ever, and regional differences in housing demand highlight the uneven nature of the market. As 2025 approaches, the U.S. reflect a growing divide.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. With more properties available to buyers, sellers will be under pressure to compete. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

NOVEMBER 8, 2024

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.

Realtors 370

Realtors Marketing Loan Officers Sellers 370

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. This diversity allows for a comprehensive understanding of the market dynamics.

Real Estate 459

Real Estate Housing Market Real Estate Agent Marketing 459

Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales.

Housing Market 370

Housing Market Marketing Buyers Real Estate 370

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. The after-repair value is the estimated full market value of a property in fully repaired condition.

Housing Market 362

Housing Market Retail Marketing Sellers 362

Housing Wire

SEPTEMBER 12, 2024

For one, it’s easier to qualify for more of the homes on the market now that mortgage rates are a bit lower. Attractive properties in hot markets are still selling quickly, but some metros — or neighborhoods within them — have flipped further in favor of buyers.“ “Buyers have more options to choose from for two reasons.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. Sellers, especially those who are locked into a low rate, have been waiting for market conditions to change,” said Danielle Hale, Chief Economist, Realtor.com.

Marketing 418

Marketing New Listings Sellers Advertising 418

Housing Wire

OCTOBER 9, 2024

MIAC Analytics is marketing a large mortgage servicing rights portfolio on behalf of a lender with a big book of business in California. The seller will be providing full representations and warranties on the portfolio , which has an average loan size of $343,383. The portfolio consists of $292.91

Marketing 433

Marketing Sellers Finance Mortgage 433

Housing Wire

AUGUST 2, 2024

In addition to the slowing job growth, the cooling labor market conditions were also evident in a 0.2 While the cooling job market is important to the Fed, economists, say it is not the only factor the Fed is watching. month-over-month percentage point increase in the unemployment rate to 4.3% million unemployed people.

Marketing 493

Marketing Mortgage Construction Transportation 493

Appraisal Buzz

NOVEMBER 6, 2024

The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders. Homebuyers face challenges due to the volatile mortgage-rate environment, which limits their options and, in certain situations, keeps them from joining the housing market at all.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. The regional housing market was slower to recover from the financial crisis of the late 2000s than other parts of the country, and it had been reeling from a general decline of the region for years before that.

Housing Market 458

Housing Market Marketing Property Taxes Inventory 458

Housing Wire

OCTOBER 17, 2024

” Following data revisions and recent employment data, bond market expectations for rate cuts have moved into closer alignment with the dot plot from the Federal Reserve ’s latest Summary of Economic Projections. This has caused the 10-year Treasury to rise more than 40 basis points from its low point in mid-September. in 2024 and 3.6%

Sellers 511

Sellers Mortgage Buyers Business 511

Housing Wire

SEPTEMBER 12, 2024

housing market. This means that baby boomers have the most economic power when it comes to housing markets, as sellers are more likely to accept offers where financing is least likely to fall through.” Retirement often signals a major shift in a person’s life.

Housing Market 468

Housing Market Marketing Insurance Sellers 468

Housing Wire

JUNE 15, 2024

I got one good crumb from the Fed meeting that made me smile: Powell finally admitted that the labor market isn’t tight anymore, which is a beneficial statement for rates down the line if the labor data gets weaker. As most sellers are buyers, seeing more sellers listing their homes has been good.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.

Housing Market 482

Housing Market Real Estate Agent Marketing Training 482

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housing market to react? Inventory is 38.5%

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

OCTOBER 7, 2024

Ironically, a strong employment situation in the country drives the bond market to higher rates. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. Even the withdrawal rate of frustrated home sellers declined over the last month. Nationally, we have 36.7%

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. We are very close to getting this balance nationally and in some markets we’re already there. million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability. million).

Marketing 493

Marketing Inventory Housing Market Buyers 493

Housing Wire

NOVEMBER 13, 2024

On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes. ” According to its announcement, Compass feels that now is the right time to launch a resort division as the market for second homes is growing. .”

Agents 370

Agents Marketing Luxury Properties Real Estate 370

Appraisal Buzz

OCTOBER 31, 2024

Despite their potential to draw in vandalism and spread community blight, zombie foreclosures continue to have little to no effect on the majority of local housing markets. That phenomena is still one of the many long-lasting consequences of the 13-year-old housing market bubble that has occurred across the country.

Housing Market 369

Housing Market Marketing Investors Construction 369