Housing Wire

NOVEMBER 26, 2024

On a non-seasonally adjusted basis, prices fell between August and September,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. The Case-Shiller data for September showed some similarities to the quarterly home-price dataset released Tuesday by the Federal Housing Finance Agency (FHFA). home prices rose 0.7%

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Housing Wire

MARCH 31, 2023

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. Congratulations to the 2023 HW Finance Leaders. As the housing market continues to face volatility, the role of CFO has become increasingly critical.

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Housing Wire

NOVEMBER 4, 2024

It explicitly allows for such offers to be made off-MLS, however. If sellers cannot notify buyers about offers off-MLS, many buyers will not have the information they need to determine whether a home purchase is financially feasible.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

OCTOBER 7, 2024

Freiha joins Opendoor after a three-year stint at Alphabet, where he started as Google ’s vice president of finance and oversaw commerce and payments before moving to capital allocations and planning. In June, Opendoor partnered with the privately owned My State MLS, which serves 60,000 agents in more than 50 markets.

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Technology Finance MLS Title 447

Housing Wire

NOVEMBER 5, 2024

The hotly debated Clear Cooperation Policy (CCP) — a NAR rule that requires Realtors to post a home on a NAR-affiliated multiple listing service (MLS) within a day of signing a listing agreement — is likely playing a role in the responses.

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Purchase and sale agreement Agents MLS Sales 435

Housing Wire

SEPTEMBER 12, 2023

District Court judge Patti Saris granted preliminary approval of MLS Property Information Network’s (MLS PIN) settlement agreement in the class action buyer-broker commission antitrust lawsuit. MLS PIN, which is New England’s largest multiple listing service (MLS), filed the settlement agreement in late June.

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Housing Wire

JANUARY 15, 2025

This Old House also noted that some projects could force homeowners to get creative when it comes to financing them. A survey by Bright MLS found that most prospective buyers want homes to be “move-in ready” before a purchase, although that study had a smaller sample size of respondents compared to This Old House’s study.

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Renovation MLS Finance Closing 416

Housing Wire

OCTOBER 24, 2024

Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. When this happens, Sandoval works with the owner to provide a graceful exit.

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Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Here’s what homebuyers and sellers can expect in 2024, according to Bright MLS: Mortgage rates will fall, ranging between 6% and 6.5% for much of the year before reaching 6.2%

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Housing Wire

FEBRUARY 22, 2024

Arizona Regional MLS and Wisconsin -based Metro MLS are looking to have the antitrust lawsuit filed against them by Zillow Group and ShowingTime dismissed. MLS Aligned is a joint venture set up among the MLS defendants and other unspecified MLSs.

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Housing Wire

OCTOBER 27, 2023

In reality, consumers are better off and business competition thrives very much because of NAR’s rules and how well local Multiple Listing Service (MLS) broker marketplaces function. These local MLS broker marketplaces work in favor of consumers every day.

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Housing Wire

AUGUST 23, 2023

The MLS of the San Francisco Association of Realtors has been up and running since 9 a.m. The Multiple Listing Service of Greater Cincinnati (Cincymls), for example, already announced in a Facebook post that it had selected another vendor, Perchwell , for its MLS services, and would be using Rapattoni for reading purposes only.

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MLS Brokerage Agents As-is 370

Housing Wire

JULY 30, 2024

Perchwell , a New York City -based real estate data firm that works with MLSs , brokers and agents, announced Tuesday that it has raised $25 million in a Series B financing round. The financing round was led by Lux Capital , which also participated in the company’s Series A round.

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The Close

NOVEMBER 26, 2024

Stabilize & Season Your Current Rental Property If you plan to finance multiple rental properties, start by stabilizing your current one. Also, be aware that some lenders have a “seasoning period,” essentially how long you’ve owned or financed the property. Let’s break it down into six easy steps.

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Finance Equity MLS Loans 98

Housing Wire

JULY 23, 2024

Survey data released Tuesday by Bright MLS concluded that “affordability is increasingly becoming more of a challenge for potential homebuyers.“ In June, 38% of buyers successfully completed a purchase through Bright MLS while submitting only a single offer. Good news, however, came in the form of less competition.

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Mortgages MLS Finance Loans 511

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. Our current mortgage finance system does not allow commissions to be plopped on top,” Lamacchia said. Department of Veteran Affairs (VA) loans.

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Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value.

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Agents Seller concession VA loan Finance 532

Housing Wire

SEPTEMBER 30, 2024

In fact, the study found that flat-fee listing agents — agents who do little more than post a client’s listing to the local multiple listings service (MLS) — get 1% to 4% more on the final sale price than a more involved agent who is compensated with a percentage-based commission. The dataset includes 2.3 million single-family home sales.

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Agents MLS Finance Sales 488

Housing Wire

OCTOBER 21, 2024

As part of NAR’s mandatory MLS policies, Clear Cooperation requires brokers to list properties on an MLS within one day of publicly marketing the listing. Saul Klein , the CEO of San Diego MLS , began his career in the real estate industry in the 1970s. “I more than their off-MLS counterparts.

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MLS Brokerage Industrial Agents 448

Housing Wire

SEPTEMBER 27, 2024

An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning. One of the interest parties they negotiated with was the existing board of directors, who in February believed they had a handshake deal to acquire the MLS. This is not an MLS.

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Purchase and sale agreement Sales MLS Agents 474

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). With the Optimal Blue PPE’s extensive network of HFA content, lenders using the platform will now have access to more diverse financing options for their clients.

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Investor Finance MLS Closing costs 396

Housing Wire

DECEMBER 27, 2023

District Court in Arizona against Arizona Regional MLS and Wisconsin -based Metro MLS. The lawsuit also names MLS Aligned , the parent company of showing platform Aligned Showings. Metro MLS will also end its ShowingTime integration in Feb. On Friday, Zillow Group and ShowingTime filed a lawsuit in U.S.

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Housing Wire

NOVEMBER 4, 2024

But the New Hampshire Association of Realtors and Prime MLS had already introduced the changes, including mandatory buyer representation agreements and no offers of cooperative compensation on the MLS, about three weeks prior.

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Housing Wire

OCTOBER 6, 2023

In a surprising twist, the National Association of Realtors has announced a change in how interprets its Participation Rule, which requires listing brokers to provide buyer brokers an offer of compensation in order to list on the multiple listing service (MLS). With NAR’s latest announcement other MLS’ may choose to follow suit.

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MLS Brokerage Agents As-is 511

Housing Wire

SEPTEMBER 27, 2023

Builders have been adjusting to the shifting market by lowering prices, and also by offering concessions, upgrades, and relatively more attractive builder financing,” Bright MLS Chief Economist Lisa Sturtevant said on Tuesday regarding new home sales. Part of the price drop has been a shift to sales of smaller, less expensive homes.”

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Marketing New Construction Finance Construction 521

Housing Wire

JUNE 4, 2024

The data is derived from information collected by real estate data provider MMI, MLS data, and public records, enhanced with NAF Cash data engineers’ detailed work and analysis,” the company explained. The buyer then rents the new home while working on selling their old home or securing financing for the new one.

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Finance MLS Investor Design 443

Housing Wire

JUNE 3, 2024

The core skills of Roof AI revolve around functions such as searching for properties, finding an agent and starting the mortgage financing process. “We We chose Roof AI for its seamless integration with the MLS. We have expanded our capabilities to better answer questions about properties, neighborhoods and the real estate process.,”

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Technology Sales Pre-approval MLS 468

Housing Wire

AUGUST 12, 2024

Additionally, they claim that the “compulsory nature of membership in the defendants’ organizations in order to access the MLS is a violation of their ability to conduct business in a fair and unencumbered manned which has resulted and will continue to result in them incurring damages.”

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MLS Agents As-is Finance 501

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Home-price growth expected to slow in Q4 High mortgage rates combined with a typical seasonal slowdown will limit the number of buyers on the market in Q4, Bright MLS Chief Economist Lisa Sturtevant said in a statement. in September.

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Principal MLS Finance Mortgages 493

Housing Wire

JANUARY 16, 2024

Like the other commission lawsuits, the Grace suit takes aim at NAR’s Participation Rule, which requires listing agents to make a blanket offer of compensation to the buyer’s broker in order to list the property on the MLS. In addition, BAREIS MLS has its own rule similar to NAR’s Participation Rule. 8, 2019, and the present.

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Brokerage MLS Agents As-is 472

Housing Wire

NOVEMBER 8, 2023

Moving past cooperative compensation In early August, Bright MLS , the nation’s second largest MLS, began allowing listing agents to use a $0 blanket offer of compensation for buyer brokers and still list a property on the MLS. Let’s break down the changes and the implications.

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MLS Agents Closing costs Residential 467

Housing Wire

MAY 21, 2024

During her remarks, Jessica Leal, an attorney for the DOJ, noted that the DOJ believes “offers of compensation should not be made anywhere, but certainly not on the MLS.” Leal also discussed the third amended settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network (MLS PIN).

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MLS Agents As-is Finance 459

Housing Wire

OCTOBER 4, 2023

In a statement of interest filed last Thursday, the DOJ noted that it had “significant concerns” about the proposed antitrust settlement agreement between home sellers and MLS Property Information Network (MLS PIN). MLS PIN, which is New England’s largest Multiple Listing Service (MLS), filed the settlement agreement in late June.

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MLS As-is Finance Brokerage 448

Housing Wire

SEPTEMBER 13, 2023

Additionally, the partnership comes off the heels of a $13 million Series B financing for Local Logic in August. Local Logic also plans to continue expanding strategic partnerships with broker sites and MLS organizations.

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Residential MLS Investor Technology 467

Housing Wire

DECEMBER 19, 2023

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. MLS PIN, however, has not been as fortunate.

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Housing Wire

NOVEMBER 1, 2024

This includes — but is not limited to — posting to the MLS, hosting open houses and getting creative with social media. Their responsibilities include listing the property on the MLS, marketing the property and negotiating offers with potential buyers. This course covers real estate law, contracts, finance and ethics.

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Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

MARCH 15, 2024

He said he’s also interested in seeing where homes will be listed since they will no longer be required to be in the MLS system. You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.”

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Industrial Seller concession Purchase and sale agreement Agents 514