Housing Wire

APRIL 26, 2021

At the highest points in 2019 and 2020, average home sale prices never went above $300,000 and $325,000, respectively. And on top of that, builders are struggling to construct new homes given an ongoing lumber shortage. Average listing prices never approached $325,000 in 2019.

Sellers 450

Sellers Housing Market Marketing Buyers 450

Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . Even with this increase, fixed-rate loans will still be cheaper than they were before the pandemic: In the 2010-2019 decade the interest rate averaged 4.1% for 30-year fixed-rate loans.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

OCTOBER 20, 2022

Though price growth has cooled and prices have begun to come down, high and still climbing mortgage rates mean many of today’s buyers face larger home payments than they would have when home prices were at their peak Hannah Jones, economic data analyst at Realtor.com. Buyers, builders and sellers take a step back as inflation persists .

Mortgage 391

Mortgage Sellers Buyers New Listings 391

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 287

Real Estate Brokerage Buyers Property Management 287

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. First, total home sales should be 6.2

Mortgage 435

Mortgage Inventory Housing Market Construction 435

Housing Wire

MAY 31, 2023

In the fourth quarter of 2019, the median renter could afford 69% of the homes for sale in Salt Lake City. According to data from Altos Research , the median home price listed in Salt Lake City last week climbed to $785,000, up from about $540,000 in the fourth quarter of 2019. Now, the median renter can only afford 4% of homes.”

Insurance 309

Insurance Clients Marketing Housing Market 309

Housing Wire

MAY 26, 2022

If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. So, on average, just 500,000 more homes were bought than in 2019.

Inventory 488

Inventory Housing Market Construction Marketing 488

Appraisal Buzz

SEPTEMBER 26, 2022

Pent-up housing demand, low-interest rates and new buyers have also added to the crisis. Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. In 2019, there were about 2.8 million migrant workers in construction.

Construction 195

Construction Supply Chain Buyers Retail 195

Housing Wire

MAY 31, 2022

When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. New Western calls itself “the largest private source of investment properties in the country,” connecting more than 100,000 local investors looking to rehab houses with sellers.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 Here is a breakdown of the supply data: 1.2

Inventory 418

Inventory Construction Housing Market Mortgage 418

Housing Wire

MAY 19, 2021

“Until new construction takes off — over the course of years, not months — home prices will continue to increase. The number of homes sold in April was up 34% from a year earlier, but only 8% from the same time in 2019. This housing boom is nowhere close to over.”

Inventory 439

Inventory Construction Sellers Agents 439

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. million to the lows of January 2019 at 4.98 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better. million to 5.12

Mortgage 497

Mortgage Inventory Sellers Housing Market 497

Housing Wire

APRIL 1, 2024

DBRS Morningstar’s rating of the $224 million securitization opened up new types of bond buyers that have inherently lower costs of capital, Saluda Grade CEO Ryan Craft said. Redwood, for instance, has been buying HEIs from third-party originators since 2019 and has been providing liquidity to portions of the nonagency mortgage market.

Finance 365

Finance Investing Real Estate Agent Real Estate 365

Housing Wire

DECEMBER 29, 2022

Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. When mortgage rates spiked up as much as they did this year, it wasn’t financially appealing to some sellers to purchase their homes at rates of 6.25%-7.37%.

Housing Market 544

Housing Market Marketing Inventory Sellers 544

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. An index score of 100 means that a buyer with a median U.S. The national trend for new construction, however, is generally moving in the opposite direction.

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

MARCH 1, 2022

In 2019 we published a feature story about “Who will be the Amazon of housing?” — and then explored world-domination theories that painted Zillow , Redfin , Opendoor (and maybe Amazon itself) taking over the entire end-to-end housing sales and financing process. Knock.com offers solutions for both buyers and sellers.

Real Estate 311

Real Estate Brokerage Real Estate Agent Technology 311

Berkshire Hathaway

MAY 5, 2021

The trend this year seems to be among buyers “why is it so hard to find a house” Well one of the answers is we are in the ultimate sellers’ market, which means the market it very competitive for buyers right now. Though buyer shouldn’t be alarmed.

Housing Market 41

Housing Market Marketing Sellers Buyers 41

Lamacchia Realty

JULY 10, 2023

The presence of this harmful construction material can lead to a range of issues from the quality of the property to the health of its inhabitants. So, if you’re purchasing a home that was built after August of 2004, it’s best to check with the seller and their agent about the drywall.

Inspection 68

Inspection Realty Agents Sellers 68

Empire Appraisal Group

JANUARY 11, 2023

But if inflation continues to slow and rates stabilize, that could bring more buyers back to the market and boost demand for housing, Yun said. Home buyers still will face sticker shock, Hale said, “but they will have more time to make a decision and more options.”. NAHB: Sharp Contraction in Construction. Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. A fourth quarter surge in home sales during 2019 helped lower available properties even further. Where Do We Stand Now?

Supply Chain 69

Supply Chain Home Value Inventory Construction 69

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). Builders began construction on just under a million single-family homes in 2020. 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

Lamacchia Realty

FEBRUARY 6, 2024

Eileen is a member of the Lamacchia Realty 2017 , 2018, 2019 , 2020, 2021, and 2022 President’s Club , and the 2020 , 2021, 2022 President’s Club ELITE. She was awarded Most Transactions and Most Sales Volume in 2018 2019 , 2020 , 2021 , and 2022 for our Woburn Office. Click here to learn more about Eileen Doherty.

Realtors 74

Realtors Realty Real Estate Clients 74

Quicken Loans

DECEMBER 16, 2021

So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. With a larger portion of the population working from their home, prospective buyers could move toward more suburban areas. These conditions make a seller’s market, meaning the seller has the upper hand.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Now, if you’re a home seller in Austin, patience is the name of the game.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

Marketing 36

Marketing Buyers Inventory Sellers 36

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

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. in Seattle. There are 1.3 a month ago.

Buyers 36

Buyers Inventory Construction Finance 36

Lamacchia Realty

APRIL 6, 2022

Shauna is a member of the 2019 and 2021 President’s Club and also qualified for the 2021 President’s Club ELITE ! Kelly joined forces with Lamacchia Realty in January 2019, after having owned James Marcora Realty in Billerica, MA since 2006. Cyndi thrives to make her buyers and sellers her top priority.

Realtors 69

Realtors Realty Real Estate Agents 69

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

Annarbor Appraisal

APRIL 9, 2020

In June 2019 I wrote a piece about Ann Arbor for Mobility Magazine. Houses in blue, condominium units in orange, new construction included. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. That said, we are not immune. Year to year trends.

Buyers 78

Buyers Property Taxes Sellers Realtors 78

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?

Real Estate 69

Real Estate Buyers Construction Sellers 69

Lamacchia Realty

JANUARY 24, 2022

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. That is part of the reason that we go back to 2019, so that we can get a better comparison. Additionally, many buyers are still working from home even after shutdowns were lifted and now have the flexibility to move. What's Ahead?

New Listings 49

New Listings Inventory Buyers Realty 49

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers These low loan rates are pushing buyers to risk virus exposure in search of better housing. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. Compared with May of 2019, existing home sales were down 26.6%.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers. These low loan rates are pushing buyers to risk virus exposure in search of better housing. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. Compared with May of 2019, existing home sales were down 26.6%.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Listing Spark

MARCH 9, 2023

But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential. This change in rates caused homes to immediately become significantly more expensive for buyers. That trend continued throughout 2022 and into January of 2023.

Real Estate 36

Real Estate Marketing Inventory Sellers 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.

Real Estate 36

Real Estate Buyers Construction Sellers 36