A recent survey conducted by the National Association of Exclusive Buyer Agents (NAEBA) shows that some real estate closings are already being affected by the new “Know Before You Owe/TRID” regulations that went into effect October 3. The survey went out to brokers across the United States and nearly 20% stated they are already seeing issues, mostly delays in closing.
A recent study conducted by Morgan Stanley shows that Zillow Premier Agent Advertisers, those who pay extra to advertise on Zillow, have an increased number of dual agency transactions compared to other agents. According to the study, over 60% of Premier Agents reported that the advertising increased their dual agency transactions by about 30%.
The National Association of Exclusive Buyer Agents recently conducted a survey of its membership to determine the top issues facing today’s home buyers. Exclusive buyer agents across the country were simply asked, “What is the number one issue facing home buyers in your market today?” Two-thirds of the respondents responded with lack of inventory or low inventory.
Continuing with its 20-year history of advocating for home buyers, the National Association of Exclusive Buyer Agents filed an Amicus Curiae or “friend of the court” brief on behalf of the plaintiff in a case currently before the California Supreme Court. In his suit Horiike v. Coldwell Banker, plaintiff Hiroshi Horiike contends that even though the listing agent was originally contracted by the seller, because the listing agent was an agent of the same broker and in the same brokerage as his buyer agent, the listing agent also owed him, the buyer, representation as well.
The National Association of Exclusive Buyer Agents (NAEBA) has opened a service to provide home buyers with a listing of Exclusive Buyer Agents in their area. As buyers get more savvy about the reasons to hire a real estate agent, they are searching for someone who will represent them, negotiating for them throughout the transaction, rather than simply someone who will find them a house.
The NATIONAL ASSOCIATION OF EXCLUSIVE BUYER AGENTS (NAEBA) is celebrating its 20th year of protecting real estate consumers and promoting the Common Law of Agency in real estate. Until the 1980’s, all real estate agents represented the seller in a real estate transaction. With the advent of Exclusive Buyer Agency, where a real estate brokerage only represents the buyer in any transaction, rights and protection were also developed for buyers by eliminating any perceived conflicts of interest.
Seattle home prices push higher
In July, Seattle’s median home price has regained and surpassed its 2007 peak. The median price now is $543,500, which is significantly more than the $506,362 peak of 2007, and almost $80,000 higher than the median price in July 2013 of $465,000.
Columbus real estate poses opportunities, challenges to millennial home buyers
According to a new survey by BMO Harris, the majority of young adults intend to become homeowners sometime within the next five years. The survey sampled adults aged 18 to 34, and debunks the theory that millennials are less interested in home ownership than the generations before them.
On the far West side of our County closer to Jackson Michigan the market is a bit soft, but in most of our coverage area there are more buyers than there are desirable properties.
Bottom line, this is still a seller's market.
Orlando Real Estate Market Pulse
Orlando, Florida, 2014, is back to being a hot spot for home buying. Orlando real estate property values increased 28% in the past year, with 53% of home sales bought with cash. The real estate recovery is better in Orlando than in any other major city in Florida. New construction is booming and many big projects are underway to put Orlando on the map as a world class city.
Orlando Improvement Projects