Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At We are still going to suffer from lack of inventory.”

Housing Market 430

Housing Market Buyers Agents Marketing 430

Appraisal Buzz

SEPTEMBER 9, 2024

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. The average buyer’s agent commission, according to a Redfin report from July, was 2.55%, a little less than it was prior to the settlement’s announcement. I showed a $4.75

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

APRIL 25, 2024

Buyers are really struggling.” Although there is no doubt among local real estate professionals that demand is high in the Cincinnati housing market, agents say the area’s low inventory situation is only adding to the challenge facing consumers. We are going to see an increase in inventory. So, they are just hunkering down.”

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Buyers Marketing Inventory Investors 414

Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It For buyers, the tight inventory has meant frequent compromises to their search parameters.

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Buyers Inventory Marketing Real Estate 306

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further.

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Inventory Housing Market Marketing Construction 413

Housing Wire

NOVEMBER 4, 2024

Although I was certainly nervous about the process, I knew I was far better prepared — and had far more resources and industry experts available for consultation — than most first-time buyers. I wanted to make sure I was comfortable with what the inventory in my price range might look like before I began taking up an agent’s valuable time.

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Agents Inspection Real Estate Sellers 428

Housing Wire

SEPTEMBER 19, 2024

Sluggish sales left total housing inventory at 1.35 Despite inventory being considerably higher than last year, the median home price rose 3.1% Buyers who waited may be glad that they did,” Realtor.com chief economist Danielle Hale said in a statement. That was a 4.2% decline compared to one year ago. And it’s 22.7%

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Inventory Housing Market Inspection Sellers 396

Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

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Agents Marketing Sellers Buyers 400

Appraisal Buzz

JULY 23, 2024

More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” June Inventory Sees Record-High Home Prices Across All Unit Types As of the end of June, there were 1.32 million units in the total housing inventory, up 3.1% from May and 23.4% from May and 23.4%

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Inventory Inspection Realtors Sellers 395

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. Serious buyers showed discernment as they know inventory is growing. Serious buyers showed discernment as they know inventory is growing.

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Inventory Lending Inspection Real Estate 349

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war.

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Inspection Inventory Buyers Sellers 544

Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers. WAIVING HOME INSPECTIONS. Did they regret their decision?

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Buyers Property Taxes Inspection Market Value 243

Housing Wire

JUNE 28, 2024

There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. It really is just really slow from a buyer standpoint.” as of June 21, 2024.

Housing Market 357

Housing Market Marketing Inventory Buyers 357

Housing Wire

FEBRUARY 23, 2024

Local agents attribute at least some of the market’s hotness to the inventory situation. We are back to seeing people paying over asking, waiving home inspections and doing whatever they need to do to purchase a property.” Altos considers anything over 30 to be a seller’s market. We’ve got this total rate-lock event.”

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Housing Market Marketing Inventory Buyers 492

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. One of those steps is the home inspection and with the home inspection, major issues can arise.

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Inspection Sellers Buyers Realtors 158

Eppraisal

OCTOBER 26, 2021

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. When a house comes on the market, buyers flock to it.

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Inspection Buyers Real Estate Agent Contracts 69

Housing Wire

OCTOBER 18, 2024

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Jaro gives every lender the tools to offer fair valuations to all buyers.

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Appraisal Process Appraisal Real Estate Inspection 366

Housing Wire

JULY 24, 2024

This partnership will provide all SFAR Realtors with the opportunity to take advantage of RealReports’ robust property data and AI-driven insights to enhance buyer and listing presentations, streamline research, mitigate risk, and generate leads.” Inventory is low, rates remain high, and lawsuits abound,” Gorman said.

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Realtors Tools Real Estate Agent Real Estate 401

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Research local market trends Stay informed about local market trends, such as inventory levels, demand, and median home prices.

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Real Estate Agent Real Estate Inspection Valuation 429

Housing Wire

JUNE 22, 2021

Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin also reported this month that seven in 10 buyers — 70.4% — faced bidding wars in May. Lack of inventory. We don’t have any inventory. If you’re an FHA or VA buyer, you don’t stand a chance.

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Housing Market Real Estate Agent Marketing Inventory 437

Appraisal Buzz

JULY 23, 2024

Total housing inventory registered at the end of June was 1.32 We’re seeing a slow shift from a seller’s market to a buyer’s market,” says Lawrence Yun, chief economist for NAR, in a statement. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

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Inventory Inspection Realtors Sellers 195

Housing Wire

APRIL 2, 2024

Through NAF Cash, the lender purchases the buyer’s chosen home upfront with cash while the buyer can rent the new home while working on selling the old home or securing financing on the new one. There are a lot more as-is offers being made out there than I would ever see before.

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Loan Officers Retail Finance Buyers 380

Housing Wire

AUGUST 14, 2023

“It will be slow for a few days and then we’ll get this wave of interest and buyers and then it will slow again, but it keeps picking back up,” he said. And while the seven-day moving average for single-family inventory was just 36 homes as of June 2023, it is far better than the 15 homes listed in mid-May of 2023.

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Housing Market Marketing Inventory Agents 292

Housing Wire

MARCH 18, 2021

The progression of homebuying over the past year has seen prospective buyers adjusting their preferred destination plans again, and again, and again. For a time, Colorado Springs became the de facto destination for buyers priced out of living in Denver. Housing professionals need to find ways to better meet buyer needs.

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Housing Market Marketing Real Estate Agent Buyers 539

Empire Appraisal Group

JUNE 6, 2024

Study: All-Cash Buyers Pay 10% Less A new study shows sellers would rather leave money on the table and accept an all-cash sale than risk losing the sale completely because the mortgage falls through. We find sellers are willing to leave money on the table to avoid the risk.” In policy terms, U.S.

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Buyers Sellers Real Estate Finance 78

Appraisal Buzz

AUGUST 19, 2024

Even though the inventory has lately increased, many homeowners are locked in by low rates, thus it is still roughly 30% below pre-pandemic levels. However, the increasing percentage of properties listed for seven figures makes it harder for potential buyers, particularly first-time ones, to afford a home.

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Home Value Luxury Properties Buyers Inspection 390

Housing Wire

OCTOBER 10, 2024

For example, suppose you are focused on the higher interest rates and reasons why buyers can’t buy today. In that case, you’ll miss the signals of opportunity like greater inventory, builder incentives, and assumable mortgages that will allow some buyers to take advantage of the current real estate market.

Real Estate 429

Real Estate Real Estate Agent Agents Clients 429

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. HW: What are the risk management challenges for REO assets?

Business 372

Business Marketing Real Estate Legal 372

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

Agents 417

Agents Buyers Sellers Inventory 417

Housing Wire

SEPTEMBER 30, 2021

Aubuchon says buyers are making too many concessions. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Besides a high-demand, low-inventory market, Aubuchon must contend with a new competitor on the block.

Housing Market 333

Housing Market Marketing Real Estate Agent Loan Officers 333

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%.

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Realtors Housing Market Marketing Buyers 404

Housing Wire

JANUARY 14, 2022

Still, there’s a sustained, nationwide surge in housing demand, plus a crippling lack of inventory – and Rochester is hardly impervious to either of these historic trends. Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections.

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Agents Inventory Buyers Marketing 424

Housing Wire

OCTOBER 6, 2020

With ever-waning levels of inventory, surging homebuyer demand and bidding wars on the rise, it’s clear that sellers have the upper hand this season. A lot of buyers are shopping virtually these days, so any renovations that can make your home look better in photos is a good thing. Are you considering putting your home on the market?

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Renovations Inspection Buyers Inventory 496

Lamacchia Realty

SEPTEMBER 5, 2024

THE NEW HOME BUYERS’ HOME INSURANCE CHECKLIST Buying your first home can be both an exciting and a daunting experience. Our expert and reliable REALTORS® at Lamacchia Realty have extensive experience in helping first-time buyers and veterans of the market alike find their dream homes! Need Help Finding Insurance Providers?

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Insurance Buyers Housing Inspector Realty 57

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% All of this demand means buyers are going to ever-greater lengths to make their offer stand out. Home inspection. Mold remediation.

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Inspection Real Estate Agent Real Estate Buyers 203

Valuation Review

OCTOBER 18, 2021

A new Zillow research finds most home buyers still tour homes in person and don't waive inspection contingencies. The housing market is historically hot with record home price appreciation and limited inventory, but the typical buyer submitted only two offers in 2021, and only about 1 in 10 waived an inspection.

Housing Market 78

Housing Market Buyers Inspection Marketing 78

Housing Wire

SEPTEMBER 9, 2020

Time waits for no buyer in the suburbs. With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. “The property comes on within 24 hours, and if it meets your buyers criteria you want to get them out to see it.” Cordano said.

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Agents Marketing Clients Buyers 501