Housing Wire

DECEMBER 14, 2020

For perspective, I am starting with the condition of the 2020 housing market before the first infections. Before COVID-19, in the first two months of the year, the 2020 housing market appeared on a powerful upswing. But the 2020 U.S. These strong demographics mean we have a healthy number of replacement buyers in America.

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Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. That number then steadily dropped, bottoming out at 825 in the second quarter of 2020 after COVID-19 was officially declared a pandemic.

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Housing Wire

JUNE 11, 2021

RealTrends , which is owned by HW Media , on Friday released its annual list of the top 1,000 agents in the country for 2020, with separate tallies for sales volume and the number of deals done. The agent reported 6,409 transaction sides in 2020 for a deal volume of $2.2 Unless, that is, you are at the very top of the profession.

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Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. In August, 58.8% and Salt Lake City at 68.1% and 35.7%, respectively.

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Housing Wire

JULY 16, 2021

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. In 2020, roughly 25% of homebuyers paid cash for their properties. “I just sold a $700,000 home to a cash buyer last week. .

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Housing Wire

AUGUST 10, 2023

A little over a month after filing an agreement in one of the ongoing buyer broker commission lawsuits, New England’s largest multiple listing service (MLS), MLS Property Information Network (MLS PIN)’s attempt to settle the Nosalek case, has hit a snag. However, unlike Moehrl and Burnett , NAR is not named as a defendant.

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Appraisal Buzz

JANUARY 31, 2022

According to a new report from Redfin, homebuyers are struggling as 45% of homes are now finding buyers within only two weeks on the market. Despite the market’s unforeseen intensity and demand, pending home … The post Pending-Sales See First Decline Since June 2020 appeared first on DSNews.

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Housing Wire

DECEMBER 30, 2020

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. Low rates also continued to feed the refinance frenzy for many segments of borrowers while buyers created for a very early summer homebuying season. Quite the opposite. Meanwhile, refinancings rose to 65.7%

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Housing Wire

JULY 16, 2021

The number of homes for sale fell 28% year over year from 2020, and the typical home sold in just 14 days — a record low and, down from 39 days in June 2020. “Home sales are starting to stall because prices have increased beyond what many buyers can afford.

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Housing Wire

OCTOBER 5, 2021

Redfin first launched Direct Access in April 2020 and over the past 18 months its service has expanded to 10 additional metropolitan areas, including Austin, Orange County, Seattle, San Francisco, Las Vegas, Denver, Dallas, Boston and Phoenix. The post Redfin allows buyers to tour homes without an agent appeared first on HousingWire.

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Housing Wire

OCTOBER 20, 2022

A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace. Price Correction Risk by Region.

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Housing Wire

APRIL 8, 2021

It’s an indicator that the non-QM sector is showing a strong rebound after many lenders pulled back from jumbo products in the first half of 2020. One possible solution being tossed around is President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time buyers. A homebuyer’s guide to a competitive housing market.

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Housing Wire

APRIL 13, 2021

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Austin has ranked as the No.

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Appraisal Buzz

JUNE 28, 2021

For the first time in 2021, the demand for homes has fallen below last year’s levels, with high prices turning many would-be buyers away from a still-completive marketplace. The post Homebuying Demand Slips Below 2020 Levels appeared first on DSNews.

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Appraisal Buzz

JULY 6, 2022

An examination of institutional home buyers by NAR found that this segment of buyers comprised 13.2% The post Institutional Buyers Account for 13% of Residential Sales in 2021 appeared first on DSNews. The post Institutional Buyers Account for 13% of Residential Sales in 2021 appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

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Housing Wire

MAY 28, 2021

since the beginning of 2020, pushing home prices in the San Jose-Sunnyvale-Santa Clara metro up 11.1%. “You’ve got a lot of young buyers — the millennial wave — that are looking to buy in San Jose, because they work at LinkedIn, Google, or Apple, which are all in this area,” Wellman said.

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Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. The post Threat of climate change looms large for some home buyers appeared first on HousingWire.

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Eyes on Housing

AUGUST 1, 2022

For the first time since 2020, prospective buyers expect housing availability to improve. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.

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Housing Wire

MAY 28, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. But that’s not slowing down buyers. The post Redfin: Over half of buyers are going above asking price appeared first on HousingWire. from a year ago.

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Housing Wire

NOVEMBER 9, 2020

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Compared to this time last year, the HPSI is still down 7.1 million Americans unemployed.

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Housing Wire

APRIL 22, 2021

Kirk West, a broker for West and Woodall Real Estate in Durham, said the sheer number of buyers willing to purchase a house sight-unseen has stood out to him since the pandemic started. “We were able to build quite a bit in 2020. The post North Carolina’s low home prices luring buyers appeared first on HousingWire.

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Eyes on Housing

APRIL 21, 2022

Buyers’ expectations for housing affordability continue to sour. At its lowest point in the 4th quarter of 2020, 63% of buyers expected to afford <50% of the homes available. On the other. Read More ›

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Appraisal Buzz

JANUARY 24, 2022

between October 2021 and November 2021, and increased 21% between November 2020 and November 2021. The post Buyers’ FOMO on Lower Rates May Cause Increase in Home Purchases Before Spring appeared first on Appraisal Buzz. Real house prices increased 1.5% Real house prices are 5.6% less expensive than in January 2000. “In

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Eyes on Housing

MAY 11, 2021

NAHB’s latest survey on consumer preferences – What Home Buyers Really Want – asked recent and prospective buyers about the desirability of an exercise room in the home. Results show that 47% of buyers rate an exercise room essential or desirable.

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Buyers 205

Housing Wire

MAY 10, 2021

And the conversations are different right now for buyers — you’re going to be competing for homes, and you have to bring your A-game and a really competitive offer.” “We’re seeing a big shift in what buyers are willing to pay to get here — they’re coming to the table with cash, even during the pandemic.”

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Housing Wire

OCTOBER 15, 2020

A Q3 2020 rise in vacant foreclosures signals a possible re-escalation in a hard-fought battle against neighborhood blight in which many cities have just recently gained the upper hand. “We The good news is that there is plenty of demand for vacant properties, from both nonprofit and for-profit buyers. nationwide in the second quarter.

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Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

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Real Estate News

APRIL 4, 2024

There are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.

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Eyes on Housing

APRIL 21, 2022

Buyers’ expectations of housing availability continue to worsen. At its peak in the 4th quarter of 2020, 36% expected the home search to get easier in the months ahead. After five straight drops, the share is now 17% – a level not seen since 2018. In contrast, 74% expect the search for a home to get harder/stay the same.

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Appraisal Buzz

APRIL 13, 2022

The share of homebuyers looking to relocate to other parts of the country picked up in mid-2020 … The post Large Share of Buyers Migrating from Seattle to Phoenix appeared first on DSNews. The post Large Share of Buyers Migrating from Seattle to Phoenix appeared first on Appraisal Buzz.

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Eyes on Housing

JANUARY 28, 2022

In early 2018, only 16% of home buyers expected that finding a home would be easier in the months ahead. The share soared during the early phase of the pandemic, reaching 36% by the end of 2020.

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Housing Wire

MARCH 27, 2024

The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee. Listings by instant buyers (also known as “iBuyers”) plummeted last year, although the industry segment’s struggles are hardly limited to Jacksonville.

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Housing Wire

FEBRUARY 16, 2024

“In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by their clients (homebuyers),” the complaint states. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

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Eyes on Housing

JANUARY 31, 2022

According to the latest Housing Trends Report, home buyers’ affordability expectations deteriorated throughout 2021. By the fourth quarter, the share of buyers who could afford less than half the homes available in their markets was at 76%. Read More ›

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Eyes on Housing

JULY 27, 2021

In the first quarter of 2018, the starting point of the Housing Trends Report (HTR), only 16% of buyers expected easier availability for a home in the months ahead. The share soared to 36% by the final quarter of 2020 (during the COVID-19 pandemic), but then went on to decline to 33% and 28%, respectively, in the first two quarters.

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Eyes on Housing

AUGUST 2, 2022

For the first time since 2020, affordability expectations improved in the second quarter of 2022. After rising steadily for five straight quarters, the share of buyers who can only afford a minority of the homes for sale in their markets declined to 77%, down from 81% a quarter earlier.

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