Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. While the homeownership rate in the U.S.

Housing Market 400

Housing Market Realtors Buyers Inventory 400

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. As CoreLogic’s Chief Appraiser Shawn Telford explains : “Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers can support. Get your questions answered now.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Housing Wire

JUNE 30, 2021

million people since 2010. “Sellers who are in the market right now are rushing to get under contract because they know buyers may start rethinking their decisions when fire season worsens,” Anderson said. In all, Utah’s population has increased by 3.3 What does the future of appraisals look like?

Real Estate Agent 392

Real Estate Agent Modernization Real Estate Agents 392

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. This report analyzes sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Average Prices Increase by 7.1%

Inventory 52

Inventory Sellers Buyers Contracts 52

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.” In 2018 the discount was 5.2%. That process can take time.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1% South Florida Sales Decline by 17.5%

HOA 49

HOA Inventory Buyers Contracts 49

Will Springer Realtor

FEBRUARY 13, 2024

Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. That’s a whopping 134% more than December and a solid 7.0% 1; that’s 2.8%

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. The limited supply of homes for sale pushed prices higher despite fewer buyers in the market.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

OCTOBER 10, 2023

This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and are showing a willingness to budge on price or make other concessions. At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% on the year.

Buyers 64

Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

DECEMBER 12, 2023

King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% Most eye-popping, inventory for condos surged to “buyer market” levels in November. units, a 13-year low.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

JULY 21, 2023

This likely has to do with the cost of building a pool, cost of maintaining a pool, and even larger parcels at higher ranges – not to mention buyers at higher price points expecting a pool more often. In contrast, pools hardly exist in some locations, so it’s less of a factor because buyers don’t expect a pool. Listed for $42.5

Appraisal 89

Appraisal Real Estate Contracts Business 89

Housing Wire

DECEMBER 20, 2021

To help the most vulnerable population, Tara Roche, research manager for the Pew Charitable Trust , said that HAF will be available to those who are using alternative financing, such as land contracts (agreements directly between sellers and buyers) and loans secured by manufactured homes.

Mortgage 317

Mortgage Government Contracts Insurance 317

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer Expectations. What Is a Buyer’s Market?

Marketing 36

Marketing Sellers Buyers Real Estate 36

Appraisal Today

SEPTEMBER 15, 2023

2023) Updated August 2, 2023 Excerpts: Fannie Mae and Freddie Mac (government sponsored enterprises or GSEs) published their Appraiser Independence Requirements in October 2010. This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. percent from 7.21

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Housing Wire

DECEMBER 7, 2023

Visit Website Overview Since 2010, New England Real Estate Academy has been offering real estate classes and it was one of the first schools to be accredited to offer online training in 2016. Students who access the online practice exam questions will also find support from a team of experts. out of 5 stars Rating: 4.5 out of 5.

Real Estate 326

Real Estate Real Estate Agent Law Brokerage 326

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. and ease to 4.9% in 12 months.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Listing Spark

DECEMBER 15, 2022

How to qualify buyers so that you have a low default rate on owner financing deals. Why some buyers can’t qualify for more traditional financing. 00:05:38] How to qualify buyers so that you have a low default rate on owner financing deals. 00:07:03] Why some buyers can’t qualify for more traditional financing.

Finance 36

Finance Investing Real Estate Lending 36

Appraisal Today

MARCH 31, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, AMCs, unusual homes, mortgage origination stats, etc. == Arizona House With a Quirky Boxcar Bunker Quickly Finds a Buyer Excerpts: 4,091 square feet. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.25

Appraisal 52

Appraisal Contracts Inspection Clients 52

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Avoid 9 Costly Mistakes Sellers Make. Buyers Beware? What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

NOVEMBER 12, 2021

in 2010, the largest decline of any state. in 2010 and Blacks comprise 3.8% There is a mini power surge of buyers wanting to purchase before rates go higher,” Lennox Scott, CEO of John L. News from the other Washington attracted just as much attention for buyers (and real estate pros like me.) Whites comprise 63.8%

Law 36

Law Inventory Real Estate Government 36

Will Springer Realtor

JUNE 9, 2023

Even the doubling of interest rates in less than a year did not dissuade some buyers in need of a home. Filings include default notices, scheduled auctions and bank repossessions. >> Nearly half (47%) of all prospective buyers said they would buy a home in the current housing market because they are tired of renting and rent increases.

Buyers 36

Buyers Transportation Housing Market Law 36

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! As home prices surge and people delay – or forgo – nuptials, buyers are pooling their finances with unmarried partners, roommates or friends to purchase a place. was $1889. >>

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

APRIL 11, 2022

What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. For buyers, they can only hope. Buyers might have the extra cash to afford higher-priced homes – for now.

Construction 36

Construction Development Inventory Buyers 36

Quicken Loans

APRIL 12, 2021

That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. However, a motivated seller doesn’t always mean the home will sell for dirt cheap.

Inspection 54

Inspection Property Taxes Mortgage Investors 54