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. Nick Caccia, a Greenville, Rhode Island-based producing sales manager at CrossCountry Mortgage , said that it’s hard enough getting a loan to the closing table, especially with the rates where they are.

Industrial 501

Industrial Seller concession Purchase and sale agreement Agents 501

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. My lawsuit wasn’t filed against individual Realtors; it was filed against the industry.” Name another industry out there where that happens.

MLS 423

MLS VA loan Agents As-is 423

Housing Wire

APRIL 5, 2024

“Some had been hoping that the Federal Reserve would cut interest rates at its June meeting; however, with today’s strong jobs report, it is all but certain that the first rate cut won’t be before July,” Bright MLS chief economist Lisa Sturtevant said in a statement. “As

Industrial 284

Industrial Mortgages Construction MLS 284

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. In the process, they had to rent a home for four months between their sale and their purchase given “simultaneous closings” are not a practice there. It’s easy to understand what a market without an MLS would look like and why it doesn’t work. experience.

MLS 383

MLS Purchase and sale agreement Brokerage Closing 383

Housing Wire

MARCH 21, 2023

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% However, existing home sales were still down 22.6% Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” months of supply at the current sales pace.

Sales 364

Sales MLS Mortgages Marketing 364

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 20.3%, an improvement on the 23.3% annual drop recorded in March. The Northeast (59.1)

Sales 359

Sales MLS Banks Mortgages 359

RIS Media

AUGUST 16, 2023

The FSBO who plans to forgo the traditional real estate process until a few weeks (or months) of watching neighbors sell and field lowball offers brings them back to the agent—and to the MLS.

MLS 97

MLS Sales Agents Industrial 97

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

Sales 356

Sales MLS Short sale Marketing 356

Housing Wire

MARCH 13, 2024

Moreover, the concept remains a central theme of some arguments contained in the plethora of lawsuits that are now carpet bombing the real estate industry. There are many: Zillow , Realtor.com (which has not been owned by anyone in the industry for years), Homes.com — just to name a few.

Seller concession 436

Seller concession Agents MLS Sales 436

Housing Wire

APRIL 17, 2024

This stabilization is possibly linked to a resurgence in property sales, hinting at a more buoyant housing market ahead. Agents are yet to fully adjust to these changes, with upcoming months likely to clarify whether agents will prefer stability or seek new opportunities amidst shifting industry dynamics.

Agents 362

Agents MLS Brokerage Industrial 362

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement. Saris deny preliminary approval of MLS PIN’s second amended settlement agreement.

MLS 427

MLS Lending Closing costs Agents 427

RIS Media

APRIL 15, 2024

Above, Lisa Sturtevant and Brian Schneider After its new report, Dispelling Myths About Real Estate Commissions and the MLS, was released April 12, Bright MLS Chief Economist Lisa Sturtevant and legal counsel Brian Schneider spoke in-depth at a virtual presentation about how the National Association of REALTORS®’ (NAR) proposed settlement and other (..)

MLS 106

MLS Agents Sales Industrial 106

Housing Wire

NOVEMBER 3, 2023

Speculation is still swirling around what Judge Stephen Bough’s final ruling on the Sitzer/Burnett commission lawsuit will be and how it will impact the industry. that you have to be a Realtor to get access to the Realtor-owned and operated MLS. It is a sales business,” Stella said. “If million members.

MLS 415

MLS Brokerage Agents Industrial 415

Housing Wire

OCTOBER 26, 2022

The new single-family home sales rollercoaster ride continues. After rebounding in August from a drop in July, new home sales were back down again in September, according to data released Wednesday by the U.S. Sales of new single-family homes in September were at a seasonally adjusted annual rate of 603,000, down 10.9%

Sales 308

Sales Investor New Construction MLS 308

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Falling Short. More than 1.7

Sales 367

Sales Pre-approval Short sale MLS 367

Housing Wire

DECEMBER 6, 2023

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. Despite not being affiliated with a Realtor association, West Penn MLS has adopted a rule similar to NAR’s Participation Rule.

MLS 423

MLS Brokerage Agents Industrial 423

Housing Wire

SEPTEMBER 28, 2022

After a sharp decline in July , new home sales rebounded in August, according to data released Tuesday by the U.S. Sales of new single-family homes in August were at a seasonally adjust annual rate of 685,000, up 28.8%, but down 0.1% However, the faster sales pace was not good news for inventory. Census Bureau. months in July.

Sales 260

Sales Construction New Construction MLS 260

Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions. Because this blanket offer must be made available to every buyer-broker using the MLS (i.e.,

MLS 394

MLS Brokerage Industrial Sales 394

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 424

MLS Brokerage Agents Industrial 424

Housing Wire

APRIL 26, 2024

NAR, the industry’s de facto trade association, earlier this month agreed to pay $418 million over five years to settle the claims. billion in sales volume in 2023, behind only Compass , Anywhere Advisors and eXp Realty. The Minnesota-headquartered firm had $133.8

Brokerage 443

Brokerage MLS Agents Branding 443

Housing Wire

OCTOBER 17, 2023

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years.

MLS 390

MLS Short sale Equity Banks 390

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 387

Agents MLS Brokerage Equity 387

Housing Wire

DECEMBER 15, 2023

A copycat commission lawsuit filed on Thursday by home sellers in the United States District Court for the Eastern District of Texas, accuses 47 real estate industry defendants of allegedly conspiring to artificially inflate real estate agent commissions. 13, 2019, and the present and the plaintiffs are demanding a jury trial.

MLS 468

MLS Industrial Agents Brokerage 468

Housing Wire

APRIL 24, 2024

While the real estate industry is forever in flux, one constant is that it’s a relationship business. An industry favorite for its popular CRM, Top Producer can help you keep in touch with all your prospects with timely text messages, emails, and market reports delivered to their inbox.

MLS 334

MLS Branding Land Agents 334

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 400

MLS Agents Sales Industrial 400

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri. Who’s named?

MLS 406

MLS Brokerage Industrial Agents 406

RIS Media

JANUARY 15, 2024

Bright MLS, which covers the American Mid-Atlantic, found that 2023 ended with their local markets showing sparks of life. Pending sales, as of December 2023, numbered 13,109 (0.5% The report suggests… The post Final Bright MLS Housing Report of 2023 Suggests a New Year of Competition appeared first on RISMedia.

MLS 109

MLS Sales Marketing Industrial 109

Housing Wire

APRIL 19, 2024

The lawsuits have prompted a reevaluation of industry practices, leading agents to adopt more client-centric approaches with a heavy focus on demonstrating the value they bring to the transaction process. What has changed the most in the past 12 to 18 months within the industry?

Brokerage 396

Brokerage Branding Agents Industrial 396

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement.

MLS 471

MLS Agents Design As-is 471

Housing Wire

MARCH 29, 2024

The real estate industry is facing yet another commission lawsuit , but this time the plaintiff is not seeking class-action status. In a lawsuit filed Thursday in the U.S. An attorney himself, according to the court docket, Wang appears to be representing himself in the lawsuit. according to the complaint.

Purchase and sale agreement 413

Purchase and sale agreement MLS Agents Residential 413

RIS Media

MAY 23, 2023

OneKey MLS, which covers nine counties across southern New York, has released its monthly market report for its regional coverage. Key details Across OneKey’s covered counties, there was a median sales… The post OneKey MLS Shares New York Market Updates appeared first on RISMedia.

MLS 95

MLS Marketing Residential Sales 95

RIS Media

OCTOBER 20, 2023

The… The post OneKey MLS Releases Updated New York Home Prices appeared first on RISMedia.

MLS 113

MLS Sales Marketing Industrial 113

Housing Wire

MARCH 19, 2024

NAR’s settlement, which includes terms like mandatory buyer agency agreements and a ban on displaying offers of cooperative compensation on MLS platforms, only covers real estate brokerages that recorded $2 billion or less in transaction volume in 2022. But it’s a pretty big loss for the industry as a whole.”

Brokerage 426

Brokerage Industrial MLS Sales 426

Housing Wire

JANUARY 19, 2024

the copycat suit alleges that real estate industry players have colluded to artificially inflate real estate agent commissions. who paid a buyer broker commission in connection with the sale of residential real estate listed on MetroList MLS between Jan. Filed on Thursday in U.S. 18, 2020, and the present.

MLS 351

MLS Residential Brokerage Agents 351

HomeLight

MARCH 18, 2022

Using a flat fee MLS listing to potentially save thousands of dollars in real estate commissions could put that money directly in your pocket. Before you go the For Sale By Owner (FSBO) route, consider what real estate expert Joe Bourland says about being your own agent. What is a flat fee MLS listing service?

MLS 99

MLS Sales Purchase and sale agreement Agents 99

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 404

Pre-approval Agents Loan Officer Seller concession 404

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 312

MLS Loan Officer Technology Loans 312