Homebuyers Archives

Existing-Home Sales Drop In March As High Rates Stun Homebuyers

April 18, 2024 mpsingh No Comments Real estate drop, high, Homebuyers, March, rates, sales

Existing-home sales retreated 4.3 percent between February and March to a seasonally adjusted annual rate of 4.19 million, according to data released Thursday by the National Association of Realtors. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities [...]read moreExisting-Home Sales Drop In March As High Rates Stun Homebuyers

Homebuyers Emboldened In Wake Of $418M NAR Settlement: Intel Survey

April 18, 2024 mpsingh No Comments Real estate Homebuyers, Intel, NAR, settlement, Survey, Wake

Clients think their agents bring a ton of value, and they’re willing to pay for it, according to a survey of 3,000 employed U.S. residents conducted by Intel and Dig Insights. But many consumers embrace the idea of negotiating a lower commission — and perhaps exploring new models. This report is available exclusively to subscribers [...]read moreHomebuyers Emboldened In Wake Of $418M NAR Settlement: Intel Survey

Homebuyers Rush To Lock As Mortgage Rates Surge To New 2024 Highs

April 18, 2024 mpsingh No Comments Real estate Homebuyers, Mortgage, rates, Rush, surge

Rates for conforming loans pushed through 7 percent last week and continue to rise, as latest inflation data dims prospects that Fed will ease in June. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be [...]read moreHomebuyers Rush To Lock As Mortgage Rates Surge To New 2024 Highs

Canada To Ease Mortgage Terms for First-Time New Homebuyers

April 16, 2024 mpsingh No Comments Real estate Homebuyers, Mortgage

Changes set to take effect Aug. 1 are part of an ambitious plan to boost housing construction by 2 million and help renters save up for a down payment. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and the new [...]read moreCanada To Ease Mortgage Terms for First-Time New Homebuyers

Many homebuyers lack knowledge about agent compensation: Redfin

April 12, 2024 mpsingh No Comments Real estate Commission Lawsuit, Homebuyers, Redfin

As the real estate industry undergoes a significant shift in its commission structure, a recent Redfin survey reveals a lack of knowledge among homebuyers regarding their agents’ compensation. According to the findings, a significant portion of recent homebuyers remain in the dark about crucial aspects of agent payments. For example, 28% of recent homebuyers were unaware [...]read moreMany homebuyers lack knowledge about agent compensation: Redfin

How NAR’s Settlement Threatens Black Realtors And Homebuyers

April 11, 2024 mpsingh No Comments Real estate Homebuyers, settlement

This is a moment in history when NAREB and our national leaders must stand up for justice and equality, writes Dr. Courtney Johnson Rose, president of the National Association of Real Estate Brokers. Join the movement at Inman Connect Las Vegas, July 30 – Aug. 1! Seize the moment to take charge of the next [...]read moreHow NAR’s Settlement Threatens Black Realtors And Homebuyers

Midwest housing markets good for first-time homebuyers: Zillow

April 6, 2024 mpsingh No Comments Real estate good, Homebuyers, Housing, Markets, Zillow

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers. Against that backdrop, Zillow identified prime markets for [...]read moreMidwest housing markets good for first-time homebuyers: Zillow

CHLA urges FHA’s equal treatment of homebuyers despite commission status

April 4, 2024 mpsingh No Comments Real estate Commission, FHA, Homebuyers, treatment

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization. The [...]read moreCHLA urges FHA’s equal treatment of homebuyers despite commission status

Homebuyers Balk As Mortgage Rates Head Back Up

April 4, 2024 mpsingh No Comments Real estate Homebuyers, Mortgage, rates

Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in. Join the movement at Inman Connect Las Vegas, July 30 – August 1! Seize the moment to take charge of the next era in real estate. Through immersive experiences, innovative formats, [...]read moreHomebuyers Balk As Mortgage Rates Head Back Up

Opinion: No benefit to home sellers is worth sacrificing first-time homebuyers

April 1, 2024 mpsingh No Comments Real estate Commission Lawsuit, Home, Homebuyers, Opinion, worth

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. Proponents of the lawsuits argue that this customary practice inflates commissions, and believe that buyers and sellers should pay their agent representation separately. However, [...]read moreOpinion: No benefit to home sellers is worth sacrificing first-time homebuyers