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U.S. Homes Selling at Slowest Pace Since 2019

Appraisal Buzz

Now its pretty clear that sellers arent slashing asking prices and mortgage rates arent plummeting, so mindsets are shifting. Key findings from the four weeks ending January 26: Before the seller accepted an offer, the average U.S. Active listings 889,202 11.3% (smallest increase in nearly a year) Months of supply 5.2 +0.3

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Compass CEO Reffkin: Fears over agent commissions ‘have simply not materialized’

Housing Wire

“It has been four and a half months since the announcement of the NAR settlement, and we have not seen a noticeable change from before the settlement in either the percentage of sellers that offer buyer’s agent commissions or in the average commission amount they’re paying the buyer’s agents,” Compass CEO Robert Reffkin said on the call. “To

Agents 448
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‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud

Housing Wire

Berg and ALTA One attendees also highlight the recent uptick in seller impersonation fraud , which occurs when a fraudster poses as the owner of a vacant lot or vacation home who is looking to sell the property. They need new listings and they are so desperate that they might take a fraudulent listing.”

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Zillow teams with First Street to provide homebuyers with climate risk data

Housing Wire

“Healthy markets are ones where buyers and sellers have access to all relevant data for their decisions. of new listings in August have a major risk for extreme heat, while 33% are at risk of extreme heat exposure. New listings in the Midwest hold the least amount of climate risk, according to Zillow.

Insurance 468
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Housing inventory is still at a crisis level

Housing Wire

That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventory”).

Inventory 448
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Japanese builder Sekisui House to acquire MDC for $4.9B

Housing Wire

According to Mike Simonsen, president and founder of Altos Research, “Home sellers are starting to ease back into the market,” and “new listings are finally exceeding the levels of a year ago.” That’s a 1.2% increase over last week and nearly 7% more than last year at this time.

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30 must-have real estate text message scripts to convert leads and close deals

Housing Wire

Connect with seller leads Purpose: Build trust and start meaningful conversations with potential sellers. Script 1: Initial outreach to sellers Hi [Name], I noticed your home on [Street Name] and wanted to check if you’ve considered selling. I specialize in helping sellers like you find success. Can we discuss your goals?