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Consumer advocacy group: Buyer agency agreements often contain “unfair” terms

Housing Wire

According to the National Association of Realtors , in 2023, 41% of surveyed buyers signed agency agreements, up from 35% in 2022. Additionally, the CFA noted that at least 13 states require brokers to use buyer agency agreements. were normal and would incent buyer agents to sell their properties,” the report says.

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Flyhomes acquires Home Sale Assured

Housing Wire

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships. The terms of the deal were not disclosed.

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Pending-home sales rise to highest level in a year in October: Redfin

Housing Wire

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

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When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? In this guide, we’ll break down what you need to know about buyer cancellation of a purchase agreement. What is a home purchase agreement?

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David Peskin to purchase ownership stake in HighTechLending

Housing Wire

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. She’s just been incredible.”

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NAR addresses ‘incorrect claims’ in Biden’s housing proposal speech

Housing Wire

During the speech, he referenced the settlement agreement that NAR recently negotiated in the commission lawsuits , claiming that “for the first time that Americans can negotiate lower commissions when they buy or sell their home.” “On Real estate agent commissions are driven by the market and are not the cause of the affordability crisis.”

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Fannie Mae finalizes first nonperforming loan sale of the year

Housing Wire

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The post Fannie Mae finalizes first nonperforming loan sale of the year appeared first on HousingWire. BofA Securities Inc.

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