Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. O’Koniewski said this can sometimes make the buyer’s offer more attractive.

Purchase and sale agreement 468

Purchase and sale agreement Agents Sales Closing 468

Housing Wire

AUGUST 22, 2024

Like the antitrust lawsuits filed by consumers, Homie’s suit also takes aim at NAR’s rules, including the Participation Rule, which required listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on the MLS.

MLS 482

MLS Brokerage Residential Technology 482

Housing Wire

OCTOBER 15, 2024

Although the decision is ultimately highly personal and based on a buyer’s budget, needs, and preferences, there are a few things agents need to consider to help them make the best decisions. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.

New Construction 487

New Construction Construction Agents Marketing 487

Housing Wire

FEBRUARY 5, 2025

The loan profile of buyers during the post-2010 expansion is excellent. Since 2020, the drastic increase in home prices and mortgage rates approaching 8% made it even more challenging for younger buyers to enter the housing market. From Census : The homeownership rate of 65.7 I was off by 0.2%, and the lowest we got was 62.9%

Loans 385

Loans Mortgages Marketing As-is 385

Housing Wire

SEPTEMBER 5, 2024

Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S. mortgage market in 2023, up from 14.3%

FHA loan 476

FHA loan Debt-to-income ratio Inspection Finance 476

Housing Wire

OCTOBER 25, 2024

With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country.

VA loan 448

VA loan Purchase and sale agreement Loans Agents 448

Housing Wire

JANUARY 9, 2025

But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. According to the survey, more than half of prospective buyers ranked the condition of the home as the most important factor in their home search. More specifically, 56.1% Another 37.8% and 35.6%, respectively.

MLS 418

MLS Renovation Finance Marketing 418

Housing Wire

SEPTEMBER 5, 2024

That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. We’re getting closer to homebuyers’ comfort zone of low-6%, high-5% rates, and September’s anticipated Fed cuts should help buyer sentiment. from this peak.

Mortgages 493

Mortgages Marketing Construction Sales 493

Housing Wire

SEPTEMBER 30, 2024

Buyers in August 2024 needed to earn $77,000 per year to afford a median-priced starter home of $250,000. When comparing income to the cost of monthly mortgage payments, the typical buyer now earns 8.9% Starter-home buyers are skewing older than they used to. The income needed to buy the typical starter home is down 0.4%

Mortgages 476

Mortgages Brokerage Sales Loans 476

Housing Wire

JANUARY 20, 2025

But if buyers and sellers were compelled to transcribe their inaction, it would read like a sociopaths diary entry: We could have watched you grow up, but your grandpa and me werent willing to give up our 2.875% rate to move closer to you. Buyers and sellers are ready to step away from the spreadsheet and get on with living their lives.

Staging 370

Staging Finance Mortgages As-is 370

Housing Wire

AUGUST 16, 2024

In my work, I talk with many seniors. Many are reluctant to leave their homes even when those homes are no longer suitable for their needs. Sometimes, the concern is emotional, but more often than not, it’s financial. This is a shame because the lack of accurate and current information prevents seniors from considering all their options.

Mortgages 482

Mortgages Principal Equity Loans 482

Housing Wire

OCTOBER 28, 2024

In her objection, Monestier claims there is “ample evidence” of agents asking buyers to sign modified buyer representation agreements, which allow the buyer’s broker to increase their agreed-upon compensation to whatever the seller is offering. “In In a document filed on Monday in U.S. The objection is 132 pages in length.

Pre-approval 468

Pre-approval Agents Industrial As-is 468

Housing Wire

DECEMBER 30, 2024

There are a few markets in the South where home prices have inched down recently and every bit helps buyers but those prices have not adjusted much, and theres no sign of any major correction in the works. All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again!

Marketing 543

Marketing Sales Mortgages As-is 543

Housing Wire

OCTOBER 29, 2024

Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers.

Marketing 448

Marketing Agents Closing costs Industrial 448

Housing Wire

OCTOBER 24, 2024

“I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

NOVEMBER 20, 2024

home seller paid a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January. home seller paid a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January. million members in 2025, at 8% smaller decline than many had expected.

Agents 476

Agents Brokerage Sales Staging 476

Housing Wire

DECEMBER 30, 2024

Some agents attribute stale inventory growth to unreasonable prices that repel would-be buyers from pursuing certain listings. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. The report focuses on homes that were on the market for at least 60 days at end of the month.

Mortgages 488

Mortgages Brokerage Sales Marketing 488

Housing Wire

OCTOBER 14, 2024

Since we now need to have a signed agreement with our buyers before we take them on tours, we have an earlier opportunity to have a longer conversation with them and to sell ourselves. I predict these “buyer presentations” are going to start having as much depth to them as our listing presentations. We need to own it, too.

Industrial 479

Industrial As-is Agents Marketing 479

Housing Wire

OCTOBER 15, 2024

Brokers and industry leaders say things are still a little chaotic, but they aren’t nearly as bad as some feared. This has felt a lot more like Y2K versus some other stuff that we were warned about but were not prepared for, which is what I wanted,” said Leo Pareja , the CEO of eXp Realty. “My

Brokerage 448

Brokerage Agents Industrial As-is 448

Housing Wire

FEBRUARY 3, 2025

Under each key heading, the checklist goes into great detail to uncover potential issues that could devalue the business, expose a buyer to liability, or even jeopardize the transaction. A buyer wants the right to use those names and marks with superior title from the rest of the world. Patent & Trademark Office.

Due diligence 416

Due diligence Purchase and sale agreement Industrial Mortgages 416

Housing Wire

NOVEMBER 7, 2024

Now, soaring premiums demand more careful review and sticker shock is prompting buyers to walk away from deals, especially in states like Florida and Texas. Climate change is increasing the intensity and severity of natural disasters. Their study included data across more than 9,000 ZIP codes.

Design 482

Design Mortgages Lending As-is 482

Housing Wire

JANUARY 9, 2025

On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. I would say there are more buyers out there now than there were pre-pandemic when the rates were lower. Despite the frequency of departures, real estate agents in the state say the housing market remains strong. as of Jan.

Marketing 418

Marketing Agents As-is Mortgages 418

Housing Wire

AUGUST 28, 2024

Firstly, compensation offers will now be eliminated in MLSs, meaning that they will no longer be displayed or allow offers of compensation to buyer agents. This is a fundamental shift in how real estate transactions are conducted and will require both agents and buyers to adapt to a new way of negotiating and communicating about fees.

MLS 474

MLS Agents Residential Brokerage 474

Housing Wire

OCTOBER 21, 2024

The lingering effects of inflation, bond market volatility, and lender caution have tempered any significant drop in borrowing costs, leaving many prospective buyers still priced out of the market. As 2025 approaches, the U.S. real estate market is marked by contradictions that are leaving many confused. cultural narrative.

Marketing 493

Marketing Mortgages Finance Agents 493

Housing Wire

OCTOBER 25, 2024

The for-sale market, on the other hand, is offering opportunities for buyers heading into the fall, with more than 1 in 4 sellers cutting prices. With inventory up 22% compared to a year ago, buyers are gaining bargaining power. Many renters think they’re saving money by renting, but long term, that might not be true.

Pre-approval 476

Pre-approval Loans Mortgages Equity 476

Housing Wire

OCTOBER 8, 2024

Today, Forward Coaching focuses on teaching new agents how to negotiate with buyers and how to collaborate with sellers and listing agents on concessions. She believes that intermediate-level agents may not have strong negotiation skills as they have mainly relied on MLS listings to market properties to buyers.

Agents 447

Agents MLS Industrial Branding 447

Housing Wire

AUGUST 8, 2024

Now they will have to come up with payment for real estate agent services, but that may be challenging for some who are already challenged in terms of coming up with enough down payment,” Hepp said of first-time buyers. “So, Ultimately, the reason 80% of people move is because of life changes — getting married, starting a family.

Debt-to-income ratio 488

Debt-to-income ratio Marketing Mortgages Days on market 488

Housing Wire

JANUARY 27, 2025

Additionally, with cooperative compensation removed from MLS systems, alongside the new requirement for buyer-agency agreements, agents must speak up and share their value clearly and confidently. Have a seat and buckle in. The real estate industry is already in a whirlwind and the year has barely kicked off. What does this look like?

Technology 397

Technology Renovation Agents Industrial 397

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It In other words, if a buyer can sell their home in a specific timeline, the contingency is pulled and the buyer can purchase the property.

Purchase and sale agreement 448

Purchase and sale agreement Mortgages Equity Finance 448

Housing Wire

OCTOBER 29, 2024

In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. Stockberger: It’s very omnipresent.

Agents 457

Agents Industrial As-is Marketing 457

Housing Wire

SEPTEMBER 26, 2024

The majority of agents (60%) also reported that they do not like that they can no longer advertise offers of buyer agent compensation on the MLS , while 20% like the change. Similarly, 59% of agents don’t like that commission costs may be shifted directly to buyers, compared to 19% of agents who view this change favorably.

Industrial 488

Industrial Agents MLS Brokerage 488

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. 17 listings say that some sellers have been confused as to why the buyer was asking for concessions or help in covering their agent’s fee.

Purchase and sale agreement 482

Purchase and sale agreement Agents Industrial As-is 482

Housing Wire

MAY 30, 2024

The few markets experiencing price declines will be viewed as second-chance opportunities for buyers to enter the market if those regions continue to add jobs.” Now, however, supply is increasing, but for many buyers, high home prices and mortgage rates are going to be the biggest challenge this summer. in April, down from 78.2

Sales 531

Sales MLS Mortgages Marketing 531

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. The ratio between price increases and price decreases also points to things shifting toward buyers.

Marketing 468

Marketing Mortgages Lending Agents 468

Housing Wire

AUGUST 1, 2024

With less than 100 days until the 2024 election, a majority of buyers are taking note. That’s according to survey results released Thursday by Veterans United Home Loans, which show that 60% of prospective buyers are taking the election into account. But affordability and mortgage rates are the primary reasons why they’re holding off.

VA loan 508

VA loan Loans Finance Mortgages 508

Housing Wire

AUGUST 26, 2024

I’m seeing lower fees because a lot of agents who aren’t strong, in order to get a buyer to sign on with them, they are lowering their cost,” O’Koniewski said. A report from Redfin found that during the four weeks ending July 14, 2024, the typical metro Boston home seller paid their buyer’s broker a 2.15% commission, down from 2.2%

Brokerage 511

Brokerage Agents Industrial Banks 511