Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. Pending home sales rose 0.4% Pending home sales rose 0.4%

Sales 289

Sales MLS Construction Banks 289

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 339

Sales New Construction Marketing Construction 339

Housing Wire

SEPTEMBER 27, 2023

Divounguy added that new home sales should make up a bigger piece of the home sales pie moving forward. In August, of the total home inventory, including both new and resale homes, newly built homes represented an elevated share of 31% of those available for sale, according to the National Association of Home Builders (NAHB).

Marketing 504

Marketing New Construction Finance Construction 504

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. House prices rose in the third quarter in all census divisions and are higher than one year ago, driven primarily by a low supply of homes for sale.” house prices rallied again in the third quarter of 2023. In fact, home prices rose 2.1%

Principal 463

Principal MLS Finance Mortgages 463

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.”

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

MARCH 1, 2023

Through this API integration, users can populate MLS and non-MLS rate flyers in a short period of time using “real-time, scenario-specific mortgage offers” delivered through Polly’s cloud-native Product and Pricing Engine (PPE), according to a prepared statement. .

MLS 305

MLS Loan Officer Technology Loans 305

Housing Wire

APRIL 17, 2024

This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead. The AMI, a robust measure of agent movement dynamics, is calculated from extensive national data drawn from major MLS systems and is released monthly. March’s report saw the AMI reaching a score of 114.6,

Agents 386

Agents MLS Brokerage Industrial 386

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 413

Industrial MLS FHA loan Agents 413

Housing Wire

OCTOBER 25, 2023

In response, Blefari said that HomeServices does not require agents to become NAR members nor participate in the MLS. “Maybe the local company or the MLS does, but we don’t,” Blefari testified. He refused to provide evidence about the purpose of the rule, but he admitted the rule was a core component of the MLS.

MLS 396

MLS Agents Brokerage As-is 396

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. Enter the savvy seller.

Pre-approval 393

Pre-approval Agents Loan Officer Seller concession 393

Housing Wire

MARCH 15, 2024

It also agreed to prohibit broker compensation appearing in the MLS fields. The settlement agreement also notes that MLS participants working with buyers must enter into a written buyer broker agreement. According to NAR, these changes will go into effect in mid-July 2024, assuming the settlement is approved.

Industrial 432

Industrial MLS Brokerage Agents 432

Housing Wire

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. Private sales, for sale by owner and other sales not found in your MLS could be really good comparable homes, so ask good questions and don’t just assume your seller is overpriced.

Pre-qualification 357

Pre-qualification New Construction MLS Construction 357

Housing Wire

OCTOBER 20, 2023

In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. Some say the MLS enables U.S. Those who point to this conclusion fail to mention the role the MLS plays in the U.S. (and I am repeating myself but bear with me.

MLS 418

MLS Brokerage Agents Industrial 418

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 421

Technology Development Title Lending 421

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.

Fixed-rate mortgage 423

Fixed-rate mortgage Sales MLS Mortgages 423

Housing Wire

JANUARY 5, 2024

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. million in November 2023 , a 7.3% year-over-year decrease.

MLS 389

MLS Agents Sales Industrial 389

Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Self-paced online Gold Coast School $263 Classroom, livestream, or online MLS Campus Real Estate School $83.88 out of 5. Package Features Basic: Narrated and Interactive Video and Coursework.

Purchase and sale agreement 393

Purchase and sale agreement MLS Pre-approval Agents 393

Housing Wire

OCTOBER 19, 2023

Several industry executives, including Rene Galicia, the former director of MLS engage at the National Association of Realtors , and Rodney Gansho, the head of engagement at NAR, again appeared via video deposition, according to reports from Inman News. On the home sale at issue, Ellis said she paid 6% commission on the home sale.

Agents 380

Agents MLS Brokerage Equity 380

Housing Wire

OCTOBER 11, 2023

projection is undoubtedly that between 60% and 80% of agents could wash out in the industry as buyers find alternatives to their services , MLS networks/NAR weaken, and the power paradigm shifts dramatically to sell-side agents. But the most frightening — or exciting? Who’s most exposed? “Excluding the U.S.

Agents 467

Agents Purchase and sale agreement Brokerage Finance 467

Housing Wire

MAY 3, 2024

housing market, Lisa Sturtevant, chief economist at Bright MLS , observed. “A A pullback in housing demand, at the same time inventory is starting to increase, could lead to fewer home sales transactions and slow-growing, or even declining, home prices in some markets.” A slowing labor market can be both good and bad for the U.S.

MLS 383

MLS Marketing Mortgages Sales 383

Housing Wire

FEBRUARY 28, 2024

At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. 2, 2019, and Oct.

MLS 369

MLS Residential Brokerage Agents 369

Housing Wire

MARCH 25, 2024

There is simply a new NAR rule that applies to all NAR member and NAR MLSs that does not allow cooperative compensation to be offered on the MLS.” According to the panel, the agent would not be allowed to keep the excess funds and the buyer could instead use it to possibly negotiate a lower sale price for the property.

Purchase and sale agreement 391

Purchase and sale agreement Agents Seller concession MLS 391

Housing Wire

MAY 10, 2024

The so-called portal wars heated up this week, when Realtor.com CEO Damian Eales made comments about rival CoStar Group’s Homes.com during the MLS Forum at the National Association of Realtors ’ annual legislative meeting. In Q1 2024, the sales team for Homes.com generated nearly $40 million in net new bookings.

Residential 273

Residential MLS Investor Commercial 273

RIS Media

SEPTEMBER 28, 2023

Thus, many prospective homebuyers who thought they had their finances buttoned up are suddenly having to recalculate, and often stretch, if able to purchase at all. Recent… The post The Playbook: Client Finances…What Must You Know? Inventory is tight and home prices have stayed elevated. Will that change? How Much Should You Ask?

Finance 119

Finance Mortgages Development MLS 119

Housing Wire

NOVEMBER 30, 2023

Bright MLS ’ 2024 forecast indicates that mortgage rates will fall to 6.5% It predicts that mortgage rates will remain elevated, at 6.8%, dampening home sales in the new year. 13, especially as better-than-expected economic readings come in. The CME FedWatch Tool showed a 95.6% chance the Fed will stay put at its next meeting.

Mortgages 506

Mortgages MLS Investor Development 506

Housing Wire

JANUARY 19, 2024

Despite not being affiliated with NAR, MetroList adopted a rule similar to NAR’s Participation Rule, requiring listing agents to make a blanket offer of compensation to buyers’ brokers in order to list a property on the MLS. “By District Court in Sacramento by Willsim Latham, LLC., 18, 2020, and the present.

MLS 340

MLS Residential Brokerage Agents 340

Housing Wire

APRIL 26, 2024

The settlement stipulates that beyond no longer requiring agent participants be members of the NAR, listings agents can no longer display buyer agent commissions in the MLS but can put it on their brokerage’s website or elsewhere. billion in sales volume in 2023, behind only Compass , Anywhere Advisors and eXp Realty.

Brokerage 435

Brokerage MLS Agents Branding 435

RIS Media

APRIL 27, 2022

“This case threatens to disrupt consumers’ equitable access to the largest centralized database of homes for sale in a given market, as well as their ability to afford professional representation during what is likely the most complex and consequential transaction they’ll make in their lifetime.” Keller Williams Realty, Inc.,

MLS 98

MLS Industrial Agents Finance 98

Housing Wire

DECEMBER 15, 2023

The blanket offer of compensation is required by the National Association of Realtors’ Participation Rule in order to list the property on the MLS. The suit is seeking class action status on behalf of anyone who listed a property for sale on an MLS in Texas between Nov.

MLS 463

MLS Industrial Agents Brokerage 463

Housing Wire

OCTOBER 11, 2022

The integration streamlines the sales process by enabling loan officers to generate and customize total cost analysis loan presentations with contact data directly from the Insellerate customer relationship management and lead management dashboard, Mortgage Coach said.

Mortgages 362

Mortgages Loan Officer Loans MLS 362

Housing Wire

FEBRUARY 28, 2023

However, even as existing home sales fell 17.8% The prospect of stable, or higher, interest rates means that mortgage financing remains a headwind for home prices, while economic weakness, including the possibility of a recession, may also constrain potential buyers,” Lazarra said. to a reading of 310.64.

MLS 374

MLS Mortgages Finance Closing 374

Housing Wire

NOVEMBER 1, 2023

With nearly double the number of corporate defendants as both the Moehrl and Sitzer/Burnett cases, and the fact that the proposed class includes anyone who listed a property for sale on an MLS in the U.S. using a listing agent or broker affiliated with one of the seven brokerage defendants and paid a buyer broker commission from Oct.

MLS 399

MLS Brokerage Industrial Agents 399

Housing Wire

OCTOBER 23, 2023

She also agreed that every HomeServices agent in Missouri is a member of the MLS and that the firm advocates for clear cooperation. She also said that HomeService’s guidelines state that listing brokers need to compensate buyer brokers only when the property is in the MLS. Goldberg testified that while there are roughly 2.5

MLS 410

MLS Agents Brokerage As-is 410

Housing Wire

MARCH 8, 2024

While unemployment is still low, the leverage held by workers is weakening,” Bright MLS chief economist Lisa Sturtevant said in a statement. Home sales recorded the lowest activity in 2023 in nearly 30 years. Note that there are 158 million payroll jobs today compared to 117 million when home sales were similarly low.

MLS 422

MLS Construction Mortgages Sales 422

Housing Wire

OCTOBER 31, 2023

In August, pending home sales , existing home sales and new home sales all fell compared to the previous month, as mortgage rates climbed and inventory remained scarce. The median existing-home sale price rose 2.8% During the first week of June, mortgage rates were at 6.79%.

MLS 449

MLS Mortgages Sales Closing 449

Housing Wire

SEPTEMBER 7, 2023

The three class action suits Moehrl , Sitzer/Burnett , and Nosalek , named after their lead plaintiffs, take aim at NAR’s Participation Rule , which requires listing agents to make a blanket offer of compensation to buyers’ agents in order to list the property on a Realtor-affiliated multiple listing service (MLS).

Agents 380

Agents Loan Officer Lending MLS 380

Housing Wire

NOVEMBER 28, 2023

This marks the third month in a row of price gains and the highest year-over-year increase in the index since last December, according to Bright MLS Chief Economist Lisa Sturtevant “U.S. In September, existing home sales fell, while pending home sales and new home sales rose compared to the previous month.

MLS 340

MLS Sales Mortgages As-is 340