Sacramento Appraisal Blog

SEPTEMBER 9, 2022

Well, I can’t help but think of today’s housing market compared to the film. Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now. And some buyers are stuck in the future, […]. I love the original Back to the Future movie. Do you too?

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Housing Market Sellers Buyers Marketing 383

Housing Wire

OCTOBER 25, 2023

With housing affordability being challenged in a higher mortgage rate environment, fewer homebuyers jumped into the market in the third quarter. Buyers that did manage to purchase homes made higher down payments as home-price growth remained stubbornly elevated in Q3, according to a new report from LenderLogix.

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Buyers Marketing Loan Officers Mortgage 431

Appraisal Buzz

MARCH 26, 2024

The surge in listings is bringing some buyers back to the market, the firm says. Photo: Todd Kent The post Redfin: New Listings Continue to Increase, Bringing Some Buyers Back to Market appeared first on MortgageOrb.

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New Listings Buyers Marketing Inventory 195

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 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. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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Housing Wire

MARCH 27, 2024

With the settlement, NAR agreed to abolish its “Participation Rule” that required listing agents to make an offer of compensation to buyer brokers. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In

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Buyers Real Estate Agent Inventory Real Estate 450

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Price Correction Risk by Region.

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Buyers Housing Market Marketing Investors 432

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

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Real Estate Agent Real Estate Buyers Agents 450

Housing Wire

JANUARY 24, 2024

What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? By definition, a lowball offer is an offer that is significantly below market value. Have there been price changes?

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Buyers Sellers Agents Counter Offer 450

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.

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Real Estate Buyers Tools Real Estate Agent 410

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

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Housing Market Marketing Training New Listings 457

Housing Wire

APRIL 19, 2023

With more first-time homebuyers in the market, we continue to see increased sensitivity to rate changes ,” Joel Kan , MBA’s vice president and chief economist, said in a statement. in the conventional market, but decreased by 14% in the government space. retail residential mortgage applications. last week. the week prior.

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Buyers Mortgage Marketing Inventory 384

Housing Wire

NOVEMBER 14, 2023

Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. This applies to marketing available homes on the market. Gen Z buyers will look for homes with solar panels and energy-efficient appliances and finishes.

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Real Estate Buyers Renovations Open Houses 504

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market?

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Clients Agents Buyers Sellers 432

Housing Wire

JANUARY 29, 2024

mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. In October, a buyer with the same monthly budget and a 7.8% Redfin agents report that buyers have come to terms with rates in the 6s, even if they’re double the historically low costs that buyers had during the early stages of the COVID-19 pandemic.

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Buyers Mortgage Agents Investors 409

Sacramento Appraisal Blog

SEPTEMBER 21, 2021

Are buyers finally gaining more power? The truth is the market is still ultra-competitive, but there is a slightly better chance buyers can get into contract these days and maybe not pay as much above the asking price (maybe).

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Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. For Sale By Owners are the same.

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Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. However, market activity is still projected to remain well below typical levels. However, market activity is still projected to remain well below typical levels.

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Buyers Housing Market Sellers Inventory 473

Appraisal Buzz

MAY 6, 2024

There was a sweet spot in 2020 when mortgage rates were ultra low and home prices had yet to skyrocket, allowing some lower-income Americans to break into the housing market,” says Elijah de la Campa, senior economist for Redfin, in the report. The drop brought that group’s piece of the home buying pie back down to where it was in 2018.

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Buyers Real Estate Mortgage Housing Market 221

Housing Wire

MARCH 27, 2024

Against the backdrop of elevated mortgage rates and soaring home prices , discerning the evolving financial dynamics between renter-friendly and buyer-friendly markets is also paramount. Louis; and Baltimore transitioned over the previous 12 months from markets that favor buyers to ones that favor renters.

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Marketing Buyers Mortgage Housing Market 473

Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market […] The post Sellers sitting out of the housing market & buyers getting concessions first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Sellers Housing Market Buyers Marketing 249

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. According to the brokerage, 6.5%

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Sellers Buyers Inventory Real Estate Agent 508

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 increase the same time next year.

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Housing Market Sellers Buyers Marketing 543

Sacramento Appraisal Blog

JULY 18, 2022

Buyers are gaining power. I have some new visuals to show what the market is doing right now. And sellers are losing it. These are for Sacramento, but I suspect many areas look similar. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […].

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Sellers Buyers Real Estate Agent Real Estate 468

Housing Wire

APRIL 27, 2024

10-year yield and mortgage rates Economic data created headline events last week that made the bond market go on a roller coaster with the GDP report, jobless claims and the Fed’s favorite inflation data, the PCE. However, for now, the labor market is getting softer, but not breaking. 2022: 19.2%

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Inventory Housing Market Marketing New Listings 504

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

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Marketing Mortgage Investors Sellers 431

Sacramento Appraisal Blog

JUNE 6, 2022

Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. THE HONEYMOON IS OVER: It’s like the market was on […]. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…).

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Buyers Real Estate Sellers Marketing 449

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Buyers get sticker shock when they see their high rate on paper alongside extra expenses for maintenance, repairs and closing costs. That rate is up from 14.3% The median U.S. This price was 2.8%

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Buyers Mortgage New Listings Real Estate Agent 421

Housing Wire

APRIL 17, 2024

Nov 28, 2023 By Amy Fridhi 29 cutting-edge real estate marketing ideas for 2024 Nov 16, 2023 By Megan DeMatteo 7 ways to expand your sphere of influence in real estate in 2024 Nov 11, 2023 By Kayla Lee 8 best website builders for real estate agents, brokers and brokerages Oct 15, 2023 By Megan DeMatteo Load More

Real Estate 431

Real Estate Marketing Real Estate Agent Tools 431

Appraisal Buzz

JULY 25, 2022

BLOG VIEW: Homebuyers have been dealing with a difficult market for some time. However, 2022’s market will only be a fraction of that, according to the latest estimates. However, 2022’s market will only be a fraction of that, according to the latest estimates.

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Buyers Real Estate Agent Marketing Loan Officers 195

Real Estate News

OCTOBER 20, 2023

A Bright MLS survey found that for most buyers, high mortgage rates didn't affect their purchase decision, and many said it's gotten easier to find a home.

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Buyers Marketing Mortgage 257

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. Market conditions recently got worse, but Redfin got better in the first quarter of 2024,” Glenn Kelman, CEO of Redfin, said in a statement. The brokerage posted revenue of $225.5 But it also reported a net loss of $66.8

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Marketing Brokerage Advertising Agents 275

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Average mortgage rates rose by about a half percentage point in May and June, pricing some buyers out and limiting closed sales in July. Homes are sitting on the market somewhat longer.

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Buyers Inventory Realtors Housing Market 368

Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. In fact, the U.S.

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Buyers Realtors Agents Real Estate 491

Appraisal Buzz

OCTOBER 13, 2022

The share of first-time homebuyers rose in August, posting a strong year-over-year gain that brought market share up to pre-pandemic levels. The post First-Time Buyers Giving Housing Market a Boost appeared first on Appraisal Buzz.

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Housing Market Buyers Marketing Appraisal 195

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. The terms of Anywhere Real Estate ‘s $83.5

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Buyers Brokerage Agents Sellers 432

Housing Wire

NOVEMBER 3, 2023

I actually started out as a buyer’s agent myself… and I see buyer’s agency as being a very valuable tool for buyers,” Sanford said during the Q&A session. I’m concerned, quite frankly, about what this might mean to buyers who may not be able to afford representation if things change up too much.” million to $14.90

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Buyers Realty Real Estate Realtors 409

Housing Wire

JULY 17, 2023

Buyers and sellers alike must learn to navigate these uncharted waters. Buyers aren’t willing to value companies at that level in this market, nor should they. While it’s fun to dream, the reality is that buyers are not looking to expend operating capital for major purchases. For some, it’s like a child.

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Real Estate Buyers Sellers Brokerage 370