Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. housing market. million houses were listed for sale, with 95.6% of them including an offer to pay 3% of the sales price to the buyer’s agent. million houses were listed for sale, with 95.6%

Agents 377

Agents Banks Sales Technology 377

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Agents 429

Agents Sales Finance As-is 429

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

Agents 313

Agents Brokerage MLS Technology 313

Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. The company produced these results amid “an incredibly difficult year for the housing market,” Schneider said during an earnings call on Thursday. It generated $1.3

Marketing 356

Marketing Branding Brokerage Sales 356

Housing Wire

FEBRUARY 12, 2024

Roughly 10 months since first expanding into Florida , Ryan Serhant’s eponymous brokerage is expanding into its third market in the state. The team’s 16 agents are SERHANT.’s Previously, the brokerage only operated in the Miami and Palm Beach County markets. In early February, SERHANT. s first in Orlando.

Marketing 393

Marketing Brokerage Agents Development 393

Housing Wire

MARCH 18, 2024

Roomvu , a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. Our expansion into the U.S.

Marketing 368

Marketing Residential Technology Branding 368

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

Agents 385

Agents Construction Design Branding 385

Housing Wire

MARCH 25, 2024

During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. The buyer can use those funds for anything they would like, including paying their agent, if they choose.”

Purchase and sale agreement 402

Purchase and sale agreement Agents Seller concession MLS 402

Housing Wire

FEBRUARY 23, 2024

Revenue rose at eXp World Holdings during the fourth quarter of 2023, but the firm was unable to overcome a slow housing market, resulting in a $21 million loss and slower agent count growth. Our agent-centric model and value proposition, scale and superior efficiency enable us to invest in the success of our agents.”

Agents 381

Agents Principal Residential Sales 381

Housing Wire

NOVEMBER 29, 2023

Knoxville, Tennessee -based Realty Executives have gained some top-producing agents. Ryan Levenson, who is the 2023 president of the East Tennessee Realtors’ Association , is a third-generation real estate agent, following his parents, Rich and Patti Levenson, into the business. million in sales volume.

Agents 381

Agents Brokerage Closing Sales 381

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Some agents reported not having made any changes to their business due to the lawsuits, while others have.

Agents 355

Agents Sales Branding Development 355

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 425

Agents Equity New Construction Days on market 425

Housing Wire

SEPTEMBER 19, 2023

A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Mortgage lenders want to make sure the property is worth the sale price. If it doesn’t, it’s one of many reasons a home sale could fall through.

Agents 448

Agents Inspection Sales Commercial 448

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job? trillion to $7.9

Agents 370

Agents Technology Development Industrial 370

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Relatedly, the commission rates could decline by 200 bps or more.

Agents 476

Agents Purchase and sale agreement Brokerage Finance 476

Housing Wire

FEBRUARY 23, 2024

These results came as the number of existing home sales dropped 18.7% agent count, meanwhile, fell from 58,719 at end of 2022 to 55,131 at end of 2023. The company’s global agent count is up 0.6% agent count and to expand its mortgage business. year over year in 2023 to a near 30-year low of 4.09 RE/MAX’s U.S.

Agents 410

Agents Brokerage Branding Investor 410

Housing Wire

NOVEMBER 29, 2023

However, the tactical approach of regular check-ins and focusing on retention as a cornerstone of fortifying your real estate agent ranks is often underestimated or overlooked. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 402

Agents Brokerage Technology Staging 402

Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. In June, the sales pace of new homes fell 2.5% On a year-over-year basis, however, new home sales were up 23.8%. from a month prior, but down 3.6%

Sales 341

Sales New Construction Marketing Construction 341

Housing Wire

JANUARY 31, 2024

Powered by James and Roxanne Suarez, the 10-person team serves the greater Los Angeles market, including Silicon Beach, Beverly Hills, Hollywood Hills and the South Bay. In 2022, the Suarez Team had a total of 150 transaction sides, leading to $210,350,336 in sales volume, according to the 2023 America’s Best list. 14 for volume.

Brokerage 317

Brokerage Sales Agents Marketing 317

Housing Wire

NOVEMBER 7, 2023

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” “But agent commissions have never been a closing cost from a buyer perspective. “VA loans are probably the best loans on the market. Grant said. Realtors will have to decide, do I negotiate or not?

VA loan 452

VA loan Agents Seller concession FHA loan 452

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. They actually seem more on the side of the real estate agents,” Posnick said. “It

Agents 429

Agents Industrial Closing costs As-is 429

Housing Wire

DECEMBER 11, 2023

After a successful launch of its new agent pay structure in Los Angeles and San Francisco in late October, Redfin announced Monday that it was expanding the new pay structure to its San Diego and Orange County markets. Redfin agents in all other markets will continue existing under the firm’s existing pay plan.

Marketing 399

Marketing Brokerage Agents Technology 399

Housing Wire

AUGUST 4, 2023

agent count, RE/MAX Holdings , the parent company of the real estate giant RE/MAX , stayed in the black during the second quarter of 2023. agent count, but it noted that it was partially offset by growth in Motto Mortgage and wemlo. agent count, but it noted that it was partially offset by growth in Motto Mortgage and wemlo.

Agents 336

Agents Mortgages Brokerage Branding 336

Housing Wire

OCTOBER 10, 2023

We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market.

Agents 455

Agents Renovation Inspection Construction 455

Housing Wire

AUGUST 14, 2023

The incident left agents from all across the country scrambling for workarounds to navigate the disruption to their marketing and property sales efforts, the North Bay Business Journal first reported. In the days which followed the attack, BAREIS set up a backup system to support listing agents.

Agents 365

Agents MLS Brokerage Sales 365

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. Congratulations!” And that was that!

Agents 402

Agents Brokerage Loan Officer Closing 402

Housing Wire

OCTOBER 25, 2023

Long known for its salaried compensation for agents, Redfin is trying a new pay model in two of the nation’s largest housing markets to help boost its market share. Aleem said this desire led Redfin to restructure its compensation plan in these two markets. So, we really think we struck the right chord here.”

Agents 372

Agents Staging Investor Technology 372

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year.

Sales 408

Sales New Construction Construction Mortgages 408

Inman

MARCH 11, 2024

With some areas seeing rising prices and low supply, Clever's Luke Babich writes, many would-be homeowners are looking into unconventional routes to homeownership, including short sales.

Short sale 176

Short sale Sales Agents Marketing 176

Inman

AUGUST 12, 2023

Whether you've just begun your career as a real estate agent or are exploring new strategies to boost sales, Jessi Healey explains how a sales funnel can be a great tool and strategy to grow your business.

Sales 148

Sales Agents Marketing 148

The Close

NOVEMBER 10, 2023

is heading into a buyer’s market, meaning there’s a scarcity of buyers who are willing to act right now, making the difficult task of closing a deal even harder. In order to endure this market, agents and brokers will have to adapt their property marketing strategies to generate leads and make the sale.

Agents 75

Agents Sales Marketing Technology 75

HomeLight

JANUARY 31, 2024

One option you might have come across is the “1 percent commission real estate agent” or the “1% listing fee” company. We’ll also look at ways you can walk away from your home sale with the most proceeds. Connect with a Trusted Top Agent for Top Results HomeLight can connect you with a top-performing, trusted agent in your market.

Agents 97

Agents Sales Brokerage Marketing 97

BubbleInfo

APRIL 17, 2024

In March 2019, there were 6,026 homes for sale, but only 2,554 sold, which means there were lots of sellers and agents on the open market who were in price-discovery mode – and they found out what the market wouldn’t bear. […] The post More Actives & Fewer Sales first appeared on bubbleinfo.com.

Sales 73

Sales Agents Marketing 73

Real Estate News

APRIL 14, 2023

A new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.

Marketing 236

Marketing Sales Days on market Agents 236