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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%

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Here’s what buyers and sellers want from their real estate agent

Housing Wire

The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. It might be surprising to learn that only 11% said that help with price negotiations is the No.

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Most home sellers still rely on agents, but trust issues linger

Housing Wire

Commission questions, cost sensitivity Commission fees remain a central concern for sellers, especially in the wake of the National Association of Realtors (NAR) landmark settlement in 2024. More than half (52%) of surveyed sellers said theyve considered selling without an agent, with cost cited as the top reason.

Sellers 379
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Illinois Realtors’ leaders discuss market challenges and growth opportunities

Housing Wire

In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. Choi: If you look at how many Realtors buyers and sellers interviewed, 80% have interviewed only one agent. Are they asking about it?

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First-time homebuyers becoming first-time home sellers

Housing Wire

The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. A survey of 1,000 first-time sellers found that 79% regretted aspects of their home purchase, with 91% saying those regrets influenced their decision to sell. Its 100% true.

Sellers 388
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How realtors can leverage micro-market shifts to drive urgency and capitalize on opportunities in a challenging market

Housing Wire

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
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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

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