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The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. million today.

Sellers 498
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Lower mortgage rates are stabilizing the housing market

Housing Wire

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

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Existing home sales data shows extent of housing inflation

Housing Wire

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. from July to a seasonally adjusted annual rate of 4.80 million in August.”

Inventory 437
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FHA Commissioner Julia Gordon gets to work

Housing Wire

Several mortgage trade groups have said if the FHA modernizes servicing guidelines and aligns them more closely to Fannie Mae and Freddie Mac, depository institutions will return to servicing FHA loans. Perhaps the most common prediction is that Gordon will revise FHA’s servicing handbook to be in sync with the conventional housing market.

Insurance 311
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Will Springer Realtor - Untitled Article

Will Springer Realtor

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >> The listing video is mesmerizing.

HOA 36
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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

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. BY THE NUMBERS. >> Buyers secured 3.8 That’s fair. SMILE FOR THE CAMERA.

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SEATTLE POPULATION SPURT FUELS HOUSING DEMAND

Will Springer Realtor

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