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Buyers still expect sellers to cover agent compensation

Housing Wire

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. While it appears that most sellers are still offering some level of compensation, 12% of agents reported they were still unsure of what the emerging trend will be. 30 and Sept.

Sellers 509
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More home sellers are withdrawing listings

Housing Wire

We’re also seeing more home sellers withdrawing their listings to try again next year. Sellers may try the market, not find any takers and then decide not to sell. This is a bit more than a year ago but still significantly fewer sellers each week than in the pre-pandemic era. The other reason is the withdrawals.

Sellers 468
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Seller impersonation fraud is on the rise: NDP Analytics

Housing Wire

Seller impersonation fraud is on the rise. A study conducted by NDP Analytics found that 28% of title companies experienced at least one seller impersonation fraud attempt in 2023, and in April 2024 alone, 19% of firms experienced at least one of these attempts.

Sellers 458
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More home sellers but fewer home sales

Housing Wire

That’s 12% more sellers than a year ago. It seems more sellers are coming out every week and that will keep inventory pushing upward. Sellers are up, but sales are down. New listings jump The supply story in real estate must take into account the new sellers each week. Mortgage rates pushed this week close to 7.25%.

Sellers 336
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Which metros are seeing a surge of home sellers?

Housing Wire

The signal that we watch for in the new listings count is whether there are too many sellers. All the bearish scenarios for home prices require more sellers each week. So far, in the post-pandemic years, we haven’t had a lot of sellers. There are more sellers nationally, but just a little bit more. In fact, no.

Sellers 420
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Housing inventory fell last week. Have sellers called it quits?

Housing Wire

However, with the recent spike in mortgage rates , it’s possible some sellers are just going to call it quits. New listings data One place to see whether home sellers are calling it quits is our new listings data, which would clearly show if home sellers are reluctant to list their homes.

Inventory 499
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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.