Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. Sales and new pending contracts are below pre-pandemic levels. Buyer interest has increased over the past few months, but showing activity is still much lower than it would be in a typical spring market.

Housing Market 387

Housing Market Marketing Inventory Buyers 387

Housing Wire

NOVEMBER 23, 2022

What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. in the second year.

Buyers 463

Buyers Marketing Sellers Loan Officers 463

Housing Wire

MARCH 13, 2024

The DOJ’s statement was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS PIN in July 2023. Since the initial filing, the plaintiffs and MLS PIN have filed two amended agreements in order to appease the DOJ, which first became involved in the suit in early October 2023.

Legal 388

Legal Contracts Sellers Buyers 388

Housing Wire

MAY 28, 2024

No one wants a scenario in which there’s a flood of sellers but no buyers. The volume of new sellers had been inching down for three weeks and it looked like the new-listings rate had passed its peak for the year. As previously mentioned, any signs of rising seller volume is helpful to this market. immediate sales).

Inventory 511

Inventory New Listings Contracts Sellers 511

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023.

Real Estate 345

Real Estate Real Estate Agent Tools Agents 345

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. home sales during the third quarter (3Q) of 2023, according to a report from Redfin – about the same as one year earlier (35.9%) but up from 27.6% in 2023, down from 40.0%

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Sellers Buyers Agents Contracts 78

Housing Wire

MAY 6, 2024

But keep in mind that May 2023 was the weakest comparison point in sales pricing. More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory. At that time, there were more sellers and more sales.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

Real Estate 362

Real Estate Buyers Tools Real Estate Agent 362

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. Inventory in 2023 didn’t really accelerate until mortgage rates approached 8% in the fall. There are more sellers now as rates have stayed higher for longer.

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

MAY 21, 2024

The divided panel’s decision in this significant government-contract interpretation case goes ‘where no court has gone before,’ directly conflicts with precedents of this Court and the Supreme Court, and will reshape the landscape for all ‘who find themselves on the other side of the bargaining table’ with the government,” the petition states.

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Government Contracts Realtors Law 349

Housing Wire

FEBRUARY 20, 2024

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. Dramatically few home sales was the story of 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Is it too much inventory?

Mortgage 481

Mortgage Inventory Sellers New Listings 481

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.

Inventory 499

Inventory New Listings Sellers Real Estate 499

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Sales in 2023 were held back because there were not enough homes to buy. As sellers gently re-enter the market, more home sales can happen and are happening.

Inventory 441

Inventory Contracts New Listings Sellers 441

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. “The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states.

Sellers 422

Sellers Buyers Real Estate Contracts 422

Housing Wire

MARCH 28, 2024

The DOJ’s statement of interest, which was filed in mid-February, was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS Property Information Network (MLS PIN) in July 2023. DOJ’s apparent change of heart in its [statement of interest] in this case is striking,“ NWMLS wrote in the draft of its brief.

Sellers 328

Sellers Contracts Buyers Realtors 328

Housing Wire

APRIL 22, 2024

We’re rapidly approaching the peak of the market in terms of seller listings, and as inventory builds, the sales rate will peak by the end of June. But when you add a spike in mortgage rates that makes homebuying less affordable, that leads to fewer buyers and inventory grows. More sellers means more sales can happen.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

APRIL 30, 2024

“It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way.” There are two ways to interpret this rise in inventory, according to Simonsen.

Mortgage 351

Mortgage New Listings Inventory Sellers 351

Housing Wire

OCTOBER 31, 2023

New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. There are far fewer sellers now than in any recent year. However, last year’s seller decline was much more steep.

New Listings 466

New Listings Inventory Contracts Housing Market 466

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Sellers are coming back There are 499,000 single-family homes unsold on the market now. Home price signals are increasing too.

Real Estate 487

Real Estate Marketing Inventory New Listings 487

Housing Wire

MAY 22, 2024

As you can see below, even though home prices rose in 2023, the median sales price showed negative year-over-year growth in April, May and June of last year. As you can see above, starting in September of 2023, we saw steady year-over-year price growth increases in the data, making the year-over-year price comps harder this year.

Inventory 449

Inventory New Listings Housing Market Contracts 449

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. Both dynamics are elevated this year: more of the homes on the market have taken price cuts and the slope is pretty steep — meaning more homes each week are cutting prices because they don’t have offers from buyers.

Inventory 392

Inventory New Listings Sellers Contracts 392

Housing Wire

MARCH 29, 2024

In its motion filed on Wednesday, CMLS said its amicus curiae brief is in repsonse to the Department of Justice’s statement of interest which was filed in early February in relation to the proposed settlement agreement reached by the Nosalek plaintiffs and defendant MLS Property Information Network in July 2023.

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Sellers Real Estate Buyers Contracts 406

Sacramento Appraisal Blog

JANUARY 16, 2023

How are appraisers handling concessions to the buyer? Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market.

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Appraisal Contracts Real Estate Housing Market 341

Housing Wire

APRIL 4, 2024

She is also filing the suit as both a home seller and a homebuyer. In May 2023, Jutla reportedly sold her Seattle home before purchasing a new property in California. commission, she claims that she was “coerced” by her listing agent to offer a buyer’s agent commission of 4.5% Jutla is demanding a jury trial and damages.

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Realtors Agents Sellers Real Estate 325

Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. More sellers means more sales will happen.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

FEBRUARY 22, 2024

In early September 2023, Steve Murray , the co-founder of RealTrends Consulting , told HousingWire that he believed this was a possible outcome. The outcome the DOJ wants would only reduce costs for sellers, but it Is going to put buyers in a hole,” Murray said.

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Sellers Buyers Real Estate Agents 412

Housing Wire

MARCH 22, 2024

I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We From 2022 to 2023 alone, rates rose 15%. In comparison, the average U.S.

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Insurance Inventory Marketing Real Estate 363

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

APRIL 15, 2024

How will homebuyers and sellers react and how quickly can we measure it? Home prices recovered in 2023 very quickly though. New listings Inventory growth is from a combination of fewer buyers as affordability worsens, but also gradually improving seller volume. But the U.S. This concept is counter-intuitive.

Inventory 373

Inventory Mortgage New Listings Sellers 373

Housing Wire

APRIL 5, 2024

the court “will not interpret a contract to cede a sovereign right of the United States unless the government waives that right unmistakably. By context, I mean the rest of the contract’s text. Walker concludes by writing that the DOJ “bargained for a binding contract.” In late January 2023 , Judge Timothy Kelly of the U.S.

Realtors 536

Realtors Contracts Government Real Estate 536

Housing Wire

JANUARY 29, 2024

Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. As the year progressed, most of 2023 saw 20-30% fewer home sales than 2022. So, this growth is fragile.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Supply of homes on the market does not appear to have reached the peak for 2023. Mortgage rates have been rising, making homes more expensive to buyers and obviously slowing demand. There are only 358,000 single family homes in contract pending now.

Contracts 402

Contracts Inventory Buyers New Listings 402

Housing Wire

MARCH 20, 2024

However, the company still makes the vast majority of its revenue – 75% in 2023 – from the services it provides brokers and agents in the for-sale residential market. Those same investors foresee fewer buyer agents as a result, or at least fewer that will pay for the premium services Zillow offers.

Investors 385

Investors Agents Real Estate Buyers 385

Housing Wire

MAY 1, 2024

While Zillow’s net loss of $23 million for the quarter, which was up from its net loss of $22 million in Q1 2023, did not necessarily reflect Barton’s confidence, the firm’s 13% annual increase in revenue to $529 million did. We are advantaged primarily because we are a product and technology company first.”

Agents 335

Agents Real Estate Contracts Real Estate Agent 335

Housing Wire

OCTOBER 17, 2023

Whether you’re a seasoned real estate agent looking to expand your reach or a newcomer eager to establish your digital footprint, ahead we delve into the best real estate lead generation websites for 2023. Buyer and seller-specific landing pages: You’ll want a site that offers visitor-specific content pages. month + $249.95

Real Estate 375

Real Estate Real Estate Agent Agents Tools 375

Housing Wire

FEBRUARY 28, 2024

PRO TIP: If you want scroll-stopping hooks and educational content like this without the writer’s block, check out the marketing company who wrote it: Coffee & Contracts. Visit Coffee & Contracts 3. So if you want to actually generate leads from social media, focus on telling stories that resonate with local buyers and sellers.

Real Estate 397

Real Estate Marketing Tools Contracts 397

Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. The defendants have been ordered to pay damages of $1.78

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Brokerage Real Estate Training Buyers 365