Housing Wire

DECEMBER 7, 2020

The monthly housing supply for the existing home sales has only gone above six months during the bust years after the housing bubble (2006-2011). This period was also during a lull in our prime-age labor force growth, so demand was soft during the years 2006-2011. million jobs lost. Hard pass. It could also function as a jobs program.

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Inventory Construction Government Housing Market 545

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. Also, this is what the Federal Reserve wants.

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Inventory Housing Market New Listings Marketing 539

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011.

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Inventory Housing Market New Listings Mortgage 445

Housing Wire

APRIL 7, 2023

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. It’s up to you to serve as their guide — some of these potential buyers are navigating these waters for the very first time.

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Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022 and discusses what is predicted to unfold in 2024. Sales Decline by 21.7%

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Lamacchia Realty

JANUARY 25, 2024

reduction in sales, leaving prospective buyers eager to make a move. As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Average Prices Increase by 7.7%

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Inventory Sellers Buyers Real Estate 57

Housing Wire

APRIL 19, 2021

In fact in his testimony from 2011 , Calabria explicitly called for much of what he has done to date. This leveling of the playing field as codified now in the contract that holds these companies is one that many have advocated for over multiple years. But this same amendment does so much to comply with his previous stated views.

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Lamacchia Realty

JANUARY 25, 2024

Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. Average prices for closed sales increased by 7.2%

Inventory 52

Inventory Sellers Buyers Contracts 52

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%

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Appraisal Today

JULY 14, 2023

In May of this year, the typical buyer spent just under a third of their household income, about 32.8%, on housing. As uncomfortable as that might be, it’s not even close to how much buyers plunked down in the early 1980s. percent, a record high for the jumbo series, which dates back to 2011.” The jumbo rate also increased to 7.04

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Tools Appraisal Insurance Contracts 77

Housing Wire

DECEMBER 23, 2021

But The Real Deal article also reported that in 2011 three of the biggest U.S. The agent sends a link to the buyer or seller, and that client can search for or view properties on the app, save them, message the agent about the property and communicate back and forth in real time.”. One person has the listing. Florance said.

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. The number of potential buyers will decrease as rates go up in many markets. USPAP and the Contract. Some appraisers do not like having a copy of the contract.

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Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. Bozeman Montana Mountain Estate Contemporary $3,995,000 Excerpts: For the outdoorsy buyer looking for a luxurious retreat with contemporary design. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.98

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Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. A little more than a third of inventory is under contract. 1, was about 17% lower than Nov.

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Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Buyers are seeing rates inch higher – currently at about 3.25% in Seattle/King County for a typical 30-year mortgage (rates vary based on an applicant’s circumstances). What will the 2022 Seattle/King County housing market offer?

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Appraisal Today

JULY 7, 2023

year-over-year to $396,100, marking the largest price reduction since December 2011.While Behold the affordable, flying saucer–shaped home that’s looking for a buyer to restore its otherworldly beauty. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.85

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Appraisal Real Estate Contracts Mortgage 76

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. About three-quarters of the 459 residences are under contract with a target opening late this year.

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Appraisal Today

FEBRUARY 10, 2023

Previous owners—including Garcia, Gallo, and McIlwee and Damaschke—have worked in the film industry, and the house has even made its own big-screen appearances, most notably in Lethal Weapon 2 in 2011. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.18

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Appraisal Today

JUNE 3, 2022

We’ve seen more luxury properties sell (larger homes) and buyers at higher price points (larger homes) have been taking advantage of being able to work from home. Most of all, we’re seeing buyers become more sensitive to price, location, and condition since affordability has taken such a beating lately. The O’Rourke forecast.

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Appraisal Contracts Real Estate Marketing 52

Will Springer Realtor

JUNE 9, 2023

They found that the number of households headed by 25- to 34-year-olds grew by 300,000 per year in 2016-2021, up sharply from an average annual growth of 45,000 households between 2011 and 2016, a difference of 260,000 additional households per year. Affordability continues to be the No. 1 roadblock to ownership. Atlantic City, N.J.,

Buyers 36

Buyers Transportation Housing Market Law 36

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. Affordability remains elusive.

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Real Estate Buyers Construction Sellers 36

Will Springer Realtor

SEPTEMBER 8, 2021

The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. Those surveyed said they wanted to listen in on what buyers do and don’t like about the homes.

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 9, 2022

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. 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. It has also set its sights on rezoning portions of the city to increase housing density.

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Architecture Design Buyers Construction 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Even stock investments, the source of many down payments for buyers, have taken a heavy blow. FOR FIRST-TIME BUYERS, NOW WHAT?

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Housing Market Marketing Inventory HOA 36

Houston Properties

MAY 16, 2022

The ultimate ranch and farm buyer guide from the number one Realtor in Houston! In a study conducted by Houston Properties, only about 40 properties were sold under this category back in 2011, but that number has tripled just last year. Meanwhile, the average Houston agent’s database has less than 250 buyers.

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Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. And that answer appears to be “yes.”

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Hood Homes Blog

SEPTEMBER 20, 2018

When I was deployed to Afghanistan in 2011, I rented it out as well. Sure enough, I contracted on a $177,000 fourplex in SW Killeen and closed a week after redeploying. For a real-life example, I worked with some great, savvy buyers in 2016 who bought a foreclosure. It was also cash flow negative. They weren’t investors.

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Investing Landlords Investors Finance 36

Clear Capital

OCTOBER 28, 2021

A buyer calls up and goes, “I want to buy it.” ” And the buyers like, “well, that’s easy for me to explain. .” ” And the buyers like, “well think about it. But then one day — bam! ” And guess what? He’s not even gonna lowball it. He’s gonna pay full price.

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Real Estate Tools Agents Real Estate Agent 69