Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 375

Inventory Housing Market Marketing Construction 375

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . “The Tables have turned for some sellers.

Mortgage 388

Mortgage Sellers Contracts Buyers 388

Housing Wire

JUNE 7, 2022

The Federal Reserve raised the interest rate by a half percentage point on May 4 and repeatedly has signaled it will continue to raise rates this year and into 2023. The Fed’s interest rate does not directly affect mortgage rates, but higher interest rates steer market activity to create higher mortgage rates and reduce demand.

Mortgage 364

Mortgage Housing Market Contracts Construction 364

Housing Wire

MAY 23, 2023

From Census: New home sales: Sales of new single‐family houses in April 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. months and above, the builders will pull back on construction. The Inventory for homes under construction is 263,000 = 4.6 When supply is 4.4-6.4

Inventory 516

Inventory Housing Market Construction Marketing 516

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 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. Think of it like a rollercoaster that started in late 2022 and has continued into early 2023.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. in 2022 but will drop to 4% in 2023. trillion 2023, down from $4.8 Cleveland — Residential construction and real estate activity softened further amid rising interest rates.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Will Springer Realtor

AUGUST 15, 2023

After a pandemic-induced free-for-all, where newly listed homes could be off the market in hours and prices soared into a stratosphere more recognizable by the Blue Angels, we are now “enjoying” a period of rest and re-evaluation in summer 2023. The number of single-family homes going under contract (Pending sales) fell 8.7%

Sellers 60

Sellers Buyers New Listings Inventory 60

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Atlanta Home Prices Q2 2023 The MSM was ebullient, just delighted when the housing market hit the brakes in the last half of 2022. Fewer buyers, fewer contract and sales. have a rate below 5.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Listing Spark

FEBRUARY 9, 2023

We’ll cover each of those and discuss best practices to ensure that you are maximizing your chances of success with your home’s appraisal in 2023. People typically use an appraisal to validate the value of a home or property for real estate transactions between buyers and sellers, or if homeowners are refinancing their mortgage.

Appraisal 36

Appraisal Sellers Market Value Contracts 36

GoForrmz

OCTOBER 26, 2022

Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. But there is one thing for certain: technology has changed the overall industry. We know the feeling.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Will Springer Realtor

DECEMBER 13, 2022

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. early in 2023 and drop to 7.1% In his estimate: “Homebuilding’s going to contract.”. by the end of the year.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Appraisal Today

JUNE 2, 2023

Solutions to Keep You Safe Make sure you have a complete signed purchase contract. In the appraisal, list how many pages of the contract you have in your possession (In case someone is hiding pages from you). The Glass Ladies were designed by Alon Zakoot and constructed over a period of seven years.

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. For example, in the city of Austin, home prices were essentially flat at $523,250 for the year (down only 0.43% in 2023). Some markets were affected more than others.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Appraisal Today

JULY 21, 2023

July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. Often, the MLS mentions that the sellers will fill in the pool, but I don’t know if that has ever happened. The sellers originally bought the land for $12 million back in 2010. The value of a pool for Homes?

Appraisal 89

Appraisal Real Estate Contracts Business 89

DataMaster

JANUARY 15, 2021

It’s a seller’s market! Not only did the historically low interest rates contribute to the rise in home prices, but new home construction didn’t keep up. The increase in home prices is a boon to real estate professionals and home sellers, but a bane to buyers. New Home Construction. Appraising in 2021.

Appraisal 147

Appraisal Construction Business Real Estate 147

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Will Springer Realtor

FEBRUARY 13, 2024

The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall. higher than January 2023. We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month.

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. billion, according to data tracked by Kroll Bond Rating Agency (KBRA).

Renovations 276

Renovations Investing Real Estate Marketing 276

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers should consider the potential impact, especially in markets with significant new construction. baths, 6,263 square feet, 2.23

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

DECEMBER 8, 2023

Click here for more info If you are a paid subscriber and did not get the December 2023 issue emailed on Friday, December 1, please email info@appraisaltoday.com , and we will send it to you!! High rates have forced some sellers to lower their asking price to make up for high interest rates on monthly payments. per month, $24.75

Appraisal 67

Appraisal Real Estate Contracts Design 67

Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. Slow market with 100% seller financing. Current listings and especially homes in contract show current market conditions. trillion in 2023. The Best Time!! =

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Appraisal Today

AUGUST 13, 2023

High-end construction with luxe touches throughout, vaulted ceilings elevate the space. Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. Dear Sellers, the housing market misses you It’s tough to value properties today! Storage space abounds in the 1, 055 sq.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

FEBRUARY 9, 2024

Acre lot, built in 2023 as a spec home. single-family homes for sale in the fourth quarter were new construction. Construction also jumped during the pandemic as builders responded to surging homebuyer demand fueled by record-low mortgage rates. This home’s special features are the panoramic vistas. Nationwide, 31.8%

Appraisal 80

Appraisal Contracts Insurance Construction 80

Housing Wire

NOVEMBER 30, 2023

Real Estate Finance: Covers the real estate finance essentials, including the current real estate market, types and sources of real estate loans, real estate residential and commercial loan process, the OH foreclosure process, government involvement, the construction and development lending process & more. Athens Campus location.

Real Estate 367

Real Estate Real Estate Agent Law Inspection 367

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Appraisal Today

JANUARY 19, 2024

During the two-year renovation, the seller, who bought the home in 2017, updated the kitchen with a Bosch cooktop, Gaggenau appliances, and soft-close doors. An example of this in real estate appraisal is the purchase and sale contract. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.24

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. A buyer gets a seller’s disclosure statement for that information. I purchased a large house on the water with a dock in 1995 for $375,000 with 100% seller financing.

Appraisal 86

Appraisal Training Inspection Real Estate 86

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. The MBA forecasts mortgage rates to decline gradually at the end of 2023 to 6.2% At least that’s what some economists have expressed. by the end of 2024.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

APRIL 11, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

MAY 13, 2024

In March 2023, we had an undersupply of 1.7M Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. home sales in 2023, the highest level since 2014. We are now experiencing historic shortages. shy of the need.

HOA 36

HOA Transportation Construction Buyers 36

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 total of 28,393 homes were sold in King County in 2022 (excluding new construction sales). What else can we expect in 2023? Economists across the U.S.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

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

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. New construction across King is projected to decline a surprising 11% in dollar terms in 2022. The new year will be a rather quiet one on the condo construction front. What will the 2022 Seattle/King County housing market offer?

Real Estate 69

Real Estate Buyers Construction Sellers 69