Housing Wire

DECEMBER 5, 2023

The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would lead NAR’s marketing and communications group starting Dec. With more than 25 years of experience, Bouhia is a marketing and communications veteran.

Marketing 365

Marketing MLS Branding Industrial 365

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead.

Agents 388

Agents MLS Brokerage Industrial 388

RIS Media

MAY 18, 2023

Across the Mid-Atlantic markets sellers are holding their driver seat positions in home sales,according to a new report from Bright MLS. Bright MLS’s monthly market report for May found that Sellers who closed on their home in April received an average of 3.5 offers, and 53.5% offers, and 53.5%

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MLS Marketing Closing Sales 111

RIS Media

APRIL 21, 2023

OneKey MLS–servicing the southern regions of New York state such as the Hudson Valley, New York City, and Long Island–maintains a monthly report keeping track of changes to the residential real estate market. On April 18, 2023, the MLS released its report covering February to March, 2023.

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MLS Residential Marketing Closing 98

Housing Wire

JULY 13, 2023

However, it is unlikely to be enough to prevent an additional rate hike at the next Federal Open Markets Committee meeting on July 25-26. Overall, the economy is still very durable, said Lisa Sturtevant, chief economist of Bright MLS. from a year ago, the smallest annual increase since March 2021. And rates could remain above 6.5%

Mortgages 343

Mortgages Closing MLS Loans 343

Housing Wire

MARCH 18, 2024

Additionally, the drop in active agent count, representing those agents with a closing in the last 12 months, has been halted. We are continuing a trend toward normalization of the housing market. In addition, we are watching the count of active agents very closely.

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Brokerage Agents MLS Closing 322

Housing Wire

FEBRUARY 16, 2024

In its statement of interest relating to MLS Property Information Network ’s (MLS PIN) settlement agreement with the Nosalek commission lawsuit plaintiffs, filed Thursday evening, the DOJ recommended that Judge Patti D. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement.

MLS 430

MLS Lending Closing costs Agents 430

Housing Wire

DECEMBER 12, 2023

The lawsuit was filed by Christina Grace, who sold a house listed on Bay Area Real Estate Information Services MLS (BAREIS MLS) in April 2020 and paid a commission to the buyer’s agent. Grace is seeking class action status for the suit, with the proposed class being any homeowner who listed and sold a home on BAREIS MLS between Dec.

MLS 437

MLS Brokerage Agents Industrial 437

Realty Biz

NOVEMBER 28, 2023

The Multiple Listing Service (MLS) is a vital resource in the real estate market. Understanding MLS abbreviations is crucial when navigating property listings. Additionally, MLS codes indicate property status, pricing, and sales information. What is the Multiple Listing Service?

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MLS Purchase and sale agreement Sales Agents 104

Housing Wire

JANUARY 25, 2024

Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. by the fourth quarter.

Mortgages 389

Mortgages Fixed-rate mortgage MLS Banks 389

RIS Media

MARCH 1, 2024

A new Bright MLS survey of 450-plus agents indicated that seller concessions have increased in the Mid-Atlantic housing market. Those interviewed consisted of agents who have worked with sellers in the past six months across the Bright footprint.

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Seller concession MLS Marketing Agents 128

Toronto Realty Blog

MARCH 3, 2023

So while I don’t want to come off as unsympathetic to those that are trying to find a place to rent, I did find this MLS listing humourous. After all, you just never see this on MLS: Wow, that’s a lot to digest! First of all, I don’t think I’ve ever seen a “room rental” on MLS before.

MLS 84

MLS Title Brokerage Sales 84

Housing Wire

DECEMBER 20, 2023

The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” NAR Chief Economist Lawrence Yun said in a statement. “A Higher rates and lack of resale inventory dampened the housing market in 2023.

Sales 380

Sales Fixed-rate mortgage MLS Mortgages 380

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? In today’s market, having a preapproval, at the minimum, is a must. There are other ways to find inventory rather than just using your MLS.

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Proof of funds Inspection contingency Inspection MLS 397

Housing Wire

JANUARY 23, 2024

Jansta joins Xome from Altisource , where he served for two years as the chief marketing officer. Jansta’s background includes serving as chief marketing officer and senior vice president at Auction.com , general manager at Hubzu , and marketing lead at Equator , an Altisource business unit.

Industrial 380

Industrial Title MLS Technology 380

Housing Wire

OCTOBER 20, 2023

Another known fact is that at least one firm, Redfin , which gets over 50 million unique visitors on its website each month and offers discounted listing and lower-cost buy-side commissions, is available in most of the metropolitan markets in the United States. Despite that, it has less than 1% market share of all transactions.

MLS 424

MLS Brokerage Agents Industrial 424

Housing Wire

JANUARY 5, 2024

The trade group closed out 2023 with 1,554,604 members. This decline may partially be attributed to the state’s largest MLS , Northwest MLS , not being affiliated with NAR, and the state being home to Redfin , which announced in October that it was asking agents to allow their NAR membership to lapse where possible.

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MLS Agents Sales Industrial 393

Housing Wire

JANUARY 11, 2024

11, a slight increase from last week’s 6.62%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. Potential homebuyers should look closely at existing state and local resources, such as down payment assistance programs, which can considerably help defray closing costs.”

Fixed-rate mortgage 387

Fixed-rate mortgage Mortgages Closing costs MLS 387

Housing Wire

SEPTEMBER 28, 2023

Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It August may be the beginning of the end of this resilient housing market, at least for a while,” Sturtevant said. Buyers are hitting affordability ceilings, causing some of them to sit out the market.

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Sales MLS Mortgages Closing 431

Housing Wire

APRIL 4, 2022

Educate your outreach by keying into shopping behavior and you can empower your mortgage marketing in the new year. Market outlook. The refinance boom of 2021 has given way to the purchase market of 2022. Not only is the market pendulum swinging from refinance to purchase, but we are also seeing a marked shift in who is buying.

Mortgages 358

Mortgages Marketing Equity MLS 358

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

MARCH 18, 2024

I think a lot of agents just sort of relied on the MLS to dictate what they were going to make. They could look at a listing and know what they were going to get paid if their client’s deal closed, and now that is not going to be how it works.” There is going to be a lot more conversations happening around off-MLS considerations.”

Industrial 400

Industrial Brokerage MLS Agents 400

Housing Wire

JANUARY 19, 2024

In reality, the demand for housing—and homeownership, in particular—has remained high, despite higher rates,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. Prospective homebuyers have been shut out of the market by a lack of inventory. Creating a path towards homeownership for today’s renters is essential.

Fixed-rate mortgage 428

Fixed-rate mortgage Sales MLS Mortgages 428

Housing Wire

SEPTEMBER 13, 2022

AgentConnect takes Co-Branded marketing to a new level by automatically delivering dynamic open house flyers, property websites, and landing pages instantly through MLS data in real-time, which is auto-generated and compliantly displayed, including loan officer’s specific loan and pricing options. Insellerate’s AgentConnect.

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Loan Officer MLS Land Branding 310

Housing Wire

MARCH 28, 2024

They asked the federal officials to “provide guidance to market participants that will ensure these new arrangements will continue to be supported by” FHA and GSE underwriting standards. Sellers or buyers can pay the buyer’s agent’s fees.

VA loan 418

VA loan Closing costs MLS Loans 418

Housing Wire

APRIL 3, 2024

CoStar announced last month that monthly traffic at Homes.com surpassed 149 million unique visitors in February, inching closing to the 194 million unique monthly visitors that Zillow reported in fourth-quarter 2023. If they both become the de facto MLS, that gives the power to all the portals.”

MLS 372

MLS Residential Agents Industrial 372

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Average mortgage rates rose by about a half percentage point in May and June, pricing some buyers out and limiting closed sales in July. Homes are sitting on the market somewhat longer.

Sales 296

Sales MLS Mortgages Marketing 296

HomeLight

OCTOBER 25, 2022

Links and mentions of Wisconsin flat fee MLS companies in this post do not constitute an endorsement. With the market shifting and home sales slowing down, you’ll want to expose your listing to as many eyes as possible – and keep the most money in your pocket as possible. What is a flat fee MLS listing service? Get Estimate.

MLS 81

MLS Agents Sales Seller disclosure 81

Toronto Realty Blog

DECEMBER 9, 2022

” And now here we sit, about to enter the last throes of the 2022 real estate market before it completely dies out before Christmas. – A colleague in my office sent me these: How does this even get on MLS? – The rental market is tough out there! ” Taking photos of front doorways is a no-no, as is.

MLS 76

MLS As-is Design Closing 76

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 420

Industrial MLS FHA loan Agents 420

Housing Wire

OCTOBER 31, 2023

As I write this, we anticipate the final jury verdict today in the closely watched Sitzer/Burnett class-action commission lawsuit trial. Most assuredly, the plaintiff attorneys in the subsequent cases are closely watching, and even as you read this are rapidly modifying strategies to be even more effective for their time in the sun.

MLS 397

MLS Agents Industrial Technology 397

Housing Wire

SEPTEMBER 21, 2023

Recruiting and keeping the best talent is critical in today’s real estate market. On a national basis, year-over-year MLS production reports show the average real estate agent’s income is down 28%. Broker-owners’ operations teams are receiving more and more “non-payment” of MLS dues notices. Is it you and yours?

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MLS Agents Sales Closing 383

Housing Wire

APRIL 2, 2024

While real estate brokerages have no control over interest rates, transaction levels or home sales prices, they realize that proactive recruiting of agents is a key to success in a slow market. Simultaneously, predictive marketing also gained a lot of traction.

Agents 308

Agents Brokerage MLS Technology 308

Housing Wire

OCTOBER 31, 2023

Affordability becomes a major issue in the current housing market Mortgage rates near the 8% level combined with limited inventory and high home prices make for historic affordability challenges, Bright MLS Chief Economist Lisa Sturtevant noted in a statement. However, the lack of supply remains the key issue.

MLS 453

MLS Mortgages Sales Closing 453

Housing Wire

FEBRUARY 13, 2024

During the last Federal Open Market Committee meeting, Fed officials reiterated their will to cut rates later this year if inflation stays under control. ” Bright MLS Chief Economist Lisa Sturtevant expects the Fed to cut rates later this year and forecasts mortgage rates to come down. When will the Fed start cutting rates?

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MLS Finance Mortgages Closing 404

Housing Wire

JANUARY 31, 2023

decline since the market peaked in June 2022,” Craig J. The Case-Shiller home price indices for November is a three-month average of closing prices in September, October and November. Because most home sales take several months from contract to closing, the data likely includes some deals struck in July and August.) in November.

MLS 386

MLS Land Mortgages Finance 386

Housing Wire

SEPTEMBER 18, 2023

In addition, RealTrends Consulting co-founder Steve Murray notes that the settlement agreements might prevent firms that operate under a franchise model from requiring that franchises belong to a Realtor association at any level, that franchises abide by the Realtor Code of Ethics , and that franchise abide by Realtor-affiliated MLS guidelines.

MLS 491

MLS Branding Agents Brokerage 491