Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month

Inventory 543

Inventory Construction Government Housing Market 543

Housing Wire

MAY 30, 2024

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. I started thinking about it in 2018, it was kind of a transitionary year for me, in business. SW: How do you solve the challenge of letting buyers see the house?

Real Estate Agent 347

Real Estate Agent Real Estate Sellers Agents 347

Housing Wire

MAY 4, 2022

“Treasury yields eased slightly last week but remained close to 2018 highs, as financial markets await the news from the Federal Reserve on its latest plans for rate hikes and reducing its balance sheet holdings,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. percent, up from 4.89

Mortgage 363

Mortgage Contracts Retail Inventory 363

Cleveland Appraisal Blog

MAY 18, 2023

The agent went on to mention that many people she knows would like to sell their home but are afraid of not finding another one because inventory levels are so low. I realize that the cart below only goes back to 2018.) And I found sales that supported the contract price that had sold within the past month. It’s beautiful.

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? Here we look at both detached and attached homes going back to Jan 2018. No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now. consider this a broad overview.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

JANUARY 12, 2021

Court Cunningham, chief executive officer and co-founder, said he’s excited for Orchard to help consumers in the new markets, where demand has outpaced inventory. “We’ll make it easier for home buyers in these markets to secure their dream home as soon as they see it, while still selling their old home for top dollar,” he said.

Contracts 208

Contracts Real Estate Inventory Lending 208

Housing Wire

MARCH 17, 2022

In fact, considering the drop in builders’ confidence, now we have to watch for whether some people will cancel their building contracts because rates have jumped so much while they’ve been waiting for their new home to be built. This is a very positive thing because it’s real. It wasn’t a crash in demand but a slowdown for sure.

Construction 440

Construction Housing Market Inventory Buyers 440

Hank Miller Team

APRIL 4, 2022

It’s also part of buying a home; successful home buyers embrace risk. "Measured "Measured risk” is a good way to summarize how buyers need to think right now as conventional tactics are simply not effective in this market (4/22). What are the trends, inventory, mortgage rates, forecasts?

Buyers 75

Buyers Inspection Sellers Contracts 75

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Miller Samuel

FEBRUARY 12, 2019

The number of units sold in Manhattan in 2018 was down by more than 14 percent compared to the previous year. In 2018 the discount was 5.2%. 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. Studio inventory is up 21% percent.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

AUGUST 23, 2022

The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 Also, we had a supply spike in 2018, which caused builders to pause construction — and that was with rates only getting toward 5%. months and above.

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

DECEMBER 31, 2021

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. Yearly data compiled by the MBA found that in 2014 and 2018, years with weaker origination volume, the LO turnover rate was 44% and 37%, respective-ly.

Marketing 414

Marketing Law Government Mortgage 414

Birmingham Appraisal

MAY 11, 2022

There is a direct relationship between the health of the market and buyer activity. Median home prices continue to rise as a result of high demand and limited inventory. This increase, combined with higher interest rates, may keep many buyers out of the market as rates continue to rise. Number of Homes Sold. Median Sales Price.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

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 People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Buyers with the deepest pockets may wait, however. home buyers.

Buyers 36

Buyers Law Inventory Development 36

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Miller Samuel

MARCH 19, 2019

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices.

Real Estate 370

Real Estate Law Development Investors 370

Lamacchia Realty

OCTOBER 13, 2022

Often these changes are due to seasonal patterns but could also be related to economic factors such as what we are seeing now; rates rising, buyer affordability changes, consumer sentiment impacting motivation to buy or sell, and inflation. It typically takes 30-60 days for a property to go from under contract to closed.

Marketing 70

Marketing Sellers Buyers Market Value 70

Lamacchia Realty

DECEMBER 28, 2021

It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Remember only one offer can win so this caused lots of disappointment for both buyers and buyer’s agents alike.

Sellers 74

Sellers Inventory Buyers Realtors 74

Houston Properties

JULY 22, 2022

My last three listings have received a combined 14 offers and gone under contract, on average, within 4 days. The combination of low inventory and high demand is great for sellers. We’re also seeing the re-emergence of backup contracts, bidding wars, and homes closing materially over the asking price. Houston has 3.7

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. The limited supply of homes for sale pushed prices higher despite fewer buyers in the market. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Appraisal Today

MAY 10, 2024

Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations. If buyers cannot get insurance or it is very expensive, it will affect value. percent from 7.29

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Will Springer Realtor

JANUARY 10, 2023

Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. A bright spot for buyers: Active listings for all homes as of Jan. months of inventory, down from 2.2 Inventory in both Seattle and on the Eastside was at 1.8 Across King, there were 1.7

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A The root causes of buyers overpaying are similar: Using an inexperienced agent (one with less than 6 transactions in total). This is the classic case of a buyer putting emotions over data.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

FEBRUARY 2, 2024

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. For residential appraisers, it remains imperative to remember that even as the market shows initial signs of correcting, inventory still sits at extremely supply-constrained levels from a historical context.

Appraisal 66

Appraisal Contracts Training Real Estate 66

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, interest rates should rise, and since so much of real estate is financed, it would reduce the amount that buyers can afford to pay, thereby reducing demand for primarily financed properties. There’s No Free Lunch.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. 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

Appraisal Today

SEPTEMBER 1, 2023

Examples of verification sources include, but are not limited to, the buyer, seller, listing agent, selling agent, and closing documents in certain situations. The current official unofficial Advisory Opinions of the Foundation reference the 2018-2019 version of USPAP. The average contract interest rate for 5/1 ARMs decreased to 6.48

Appraisal 78

Appraisal Contracts Mortgage Real Estate 78

Appraisal Today

SEPTEMBER 2, 2022

Many of the homes that go to contract in the peak spring selling season close around 45 to 60 days later in July.” 1427, with an average 451% in revenue growth from 2018 to 2021. 1427, with an average 451% in revenue growth from 2018 to 2021. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.10

Appraisal 52

Appraisal Contracts Clients Real Estate 52

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.”

Real Estate 36

Real Estate Buyers Inventory Housing Market 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.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. This year’s buying and selling campaign will be marked by increasing inventory (good!), What does it mean to buyers? For buyers, they can only hope.

Construction 36

Construction Development Inventory Buyers 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

AUGUST 9, 2022

Also known as a mother-in-law or cottage, the dwellings can offer viable housing to younger buyers seeking to save for their first home or enable seniors to age within a familiar neighborhood. An independent estimate from 2018 claims roughly 40% of the nation is in a flood-risk area. Inventory levels are mounting in King, now at 1.9

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. Inventory across our area remains extremely low.

Buyers 36

Buyers Development Transportation Inventory 36

Appraisal Today

JUNE 24, 2022

million additional housing units to the market by 2018. Excerpts: Before the announcements from Fannie and Freddie, it was anticipated that desktop appraisals would only be accepted for loans with a maximum of 80% loan-to-value ratio (LTV), where buyers were making at least a 20% down payment. To read more, click here. percent from 5.65

Appraisal 52

Appraisal Contracts Mortgage Real Estate 52

Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. It’s very likely that these reductions are temporary, but since they’re happening as the spring home-buying season is kicking off, they provide a bit of a financial cushion for buyers – especially first-time buyers.”. There is so much at play – and at stake.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JUNE 8, 2022

The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. 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