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

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. NAR has also advocated for the VA to change its rule around buyer broker compensation.

VA loan 523

VA loan Agents Loans MLS 523

Housing Wire

NOVEMBER 5, 2024

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. Help negotiating with buyers registered at just 13%.

Purchase and sale agreement 435

Purchase and sale agreement Agents MLS Sales 435

Housing Wire

JULY 26, 2024

Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. Payload has designed a tool to help agents bill their buyer clients.

Agents 459

Agents MLS Design As-is 459

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

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 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 488

New Construction Construction Agents Marketing 488

Housing Wire

JULY 30, 2024

The August 17 deadline is looming, and many Realtors are gnashing their teeth over how they can share their seller’s offers of buyer broker compensation while still complying with the terms of the settlement. We knew there had to be an efficient way of handling this sort of communication.” From this, HomeKick was born.

MLS 459

MLS Technology Agents Design 459

Housing Wire

AUGUST 5, 2024

In less than two weeks , offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, 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. There is nuance on a per-state basis,” the president of Side said.

MLS 468

MLS Agents Brokerage As-is 468

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

AUGUST 26, 2024

Not only do you have young families and investors looking at starter homes, you also have buyers who have been forced to consider less-expensive options due to near-record home prices. We are seeing a lot of younger buyers looking at smaller starter homes. Sale prices for starter homes rose 4.2% growth for middle-priced homes.

Sales 448

Sales Brokerage Investor Closing 448

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

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

Agents 476

Agents MLS Marketing As-is 476

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

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 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

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

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

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

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all?

Purchase and sale agreement 482

Purchase and sale agreement Agents Brokerage Industrial 482

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

JULY 17, 2024

It means sellers’ agents and brokers should prepare to deal directly with the buyer of an REO property whenever possible going forward. Increasingly in post-foreclosure transactions, this is already being initiated by the buyer. Accordingly, it’s time for sellers’ agents and brokers to prepare to deal directly with buyers.

Purchase and sale agreement 493

Purchase and sale agreement Real-estate owned Agents Brokerage 493

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 489

Industrial As-is Agents Marketing 489

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR). “The

Marketing 526

Marketing Equity Agents Development 526

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

MAY 29, 2024

In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. Instead, the settlement agreement allows for offers of compensation ’off MLS,’ where that information is hard to find and not available to all buyers and brokers.

MLS 508

MLS Brokerage Agents As-is 508

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

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476

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

AUGUST 28, 2024

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent. and even worldwide.

Agents 468

Agents Technology Industrial Investor 468

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 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

JANUARY 8, 2025

More selection for buyers, for one thing. Only the best-prepared buyers would win. Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. According to the latest FHFA data , as of Q3 2024, 17.2% of outstanding mortgages, around 8.7 The impact will be felt for years.

Mortgages 488

Mortgages Finance Loans Equity 488