Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I According to Tiller, the tight inventory has caused homebuyers to spend up to six months searching for their new property, roughly double the time it took prior to the pandemic.

Inventory 379

Inventory Buyers Agents Real Estate 379

Eppraisal

DECEMBER 6, 2022

Given the fact that the available inventory of houses is relatively modest -- and has been for a number of years -- it is little surprise that overall home value inches up. The problem for property sellers is that their sale might be a casualty of this tightening. When energy prices soar, other sectors respond.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Realtor

APRIL 14, 2021

This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In Prepare for bidding wars ahead of time.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Hank Miller Team

MAY 3, 2022

Has the move away from historic inventory shortages and home buyer frustration finally started? Does it matter though if we go from 6 days to 9 days for homes to go under contract? Lower inventory and rate of rise as well. Days on market remains crazy low, the months of inventory bump is expected every spring.

Real Estate 52

Real Estate Marketing Buyers Inventory 52

Hank Miller Team

JULY 12, 2023

During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates. Fewer buyers, fewer contract and sales. Listing inventory down as well, in the mix is the dearth of new construction when builders slammed on the brakes. Those numbers are rising again.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. That’s blatantly wrong.

Contracts 370

Contracts Inventory Housing Market Buyers 370

Appraisal Today

APRIL 5, 2024

This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. The average contract interest rate for 5/1 ARMs increased to 6.37

Appraisal 79

Appraisal Contracts Business Construction 79

Appraisal Today

JUNE 23, 2023

A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. The models aren’t able to think like buyers and sellers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.73 The problem? percent from 6.77

Appraisal 89

Appraisal Real Estate Valuation Contracts 89

Appraisal Today

AUGUST 4, 2023

The censorship is part of a march toward what appraiser and podcaster Phil Crawford has coined “universal basic home value” – a utopian vision among idealogues in which government technocrats dictate the supposed value of a property using algorithms and machine learning. On the other hand, the FHA/HUD 4000.1[II.D.4.(3)(c)] percent from 6.87

Appraisal 74

Appraisal Business Contracts Real Estate 74

Housing Wire

OCTOBER 12, 2022

trillion in 2023, according to the government-sponsored enterprise. Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. contraction in real GDP in 2023. The mortgage market is projected to slip further to $1.3

Contracts 421

Contracts Modernization Housing Market Mortgage 421

Houston Properties

JANUARY 13, 2021

SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. Avoid 9 Costly Mistakes Sellers Make. Properties are still going under contract.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. “The Mortgage rates are high, home prices are high, there’s no inventory.” The result: generally rising prices amid limited inventory.

Sellers 58

Sellers Buyers New Listings Inventory 58

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Appraisal Today

AUGUST 13, 2023

Here’s another thought for you to ponder: HUD, a governmental agency, is attacking appraisers who do their work per the guidelines established by two “quasi-governmental entities”, the two GSE’s, and two other government agencies, HUD/FHA, plus the VA. Dear Sellers, the housing market misses you It’s tough to value properties today!

Appraisal 77

Appraisal Contracts Real Estate Agent Mortgage 77

The Robert Weiler Company

SEPTEMBER 7, 2022

The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. We’ve seen incredible sales numbers, houses selling faster than ever, and a low inventory of new homes. What Does Low Inventory Mean for Ohio Land for Sale? Residential Real Estate Sales.

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. That is a significant amount of pent-up demand, some of which is waiting for a drop in rates and more inventory. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68

DataMaster

JANUARY 15, 2021

It’s a seller’s market! The increase in home prices is a boon to real estate professionals and home sellers, but a bane to buyers. It’s clear that the lockdowns and fear over contracting the virus were the impetus for the lower mortgage rates. Appraising in 2021. How will it fare?

Appraisal 147

Appraisal Construction Business Real Estate 147

Appraisal Today

FEBRUARY 9, 2024

The government and those that write the rules have made it illegal (a punishable violation) to refuse an appraisal assignment in an area which consists primarily of non-whites. Homebuilders have been offering sizable concessions, including money for mortgage rate buydowns, to attract bidders and offload inventory. percent from 13.3

Appraisal 83

Appraisal Contracts Insurance Construction 83

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. 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. months’ inventory, up from 1.4 months’ inventory (2.0 in Bellevue ($570,000).

New Listings 53

New Listings Buyers Inventory Lending 53

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

PennyMac

JANUARY 3, 2024

A contingency clause in the purchase contract allows you to back out of a contract if the sale of your current home doesn’t go through within a specified timeframe. This is great for you as a buyer but not as a seller. On the other hand, during a seller's market, strong demand for homes can create bidding-war conditions.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

HOA 36

HOA Transportation Construction Buyers 36

Appraisal Today

SEPTEMBER 1, 2023

Examples of verification sources include, but are not limited to, the buyer, seller, listing agent, selling agent, and closing documents in certain situations. Hubel explains: “I’m assuming the hot water heater just had a leak, so [the seller] cut out the subfloor and then never replaced it before listing it.” percent from 7.27

Appraisal 81

Appraisal Contracts Mortgage Real Estate 81

Housing Wire

NOVEMBER 30, 2023

From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent. Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today.

Real Estate 375

Real Estate Real Estate Agent Law Inspection 375

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

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. That real estate party of unquenchable buyer demand against a backdrop of low inventory is over.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

AUGUST 9, 2022

Many local governments permit at least one dwelling unit with the main residence and some locales accept an attached and detached unit on the same property. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. I have written on this topic before.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. Inventory remains a big concern. months (6 days) of single-family inventory. There are 0.4

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Total inventories were little changed from March to April. existing home sales. month from 0.6,

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2022

Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. Inventories rose in the past month across the county (0.8

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JUNE 11, 2024

Additionally, state and local governments are examining tax breaks and other incentives to help produce results. This means the Northwest MLS will continue to publish seller offers of compensation – if any – to buyer brokers. Sellers can offer any amount – or nothing – seeking to improve consumer transparency.

Construction 36

Construction Buyers Real Estate Sellers 36

Will Springer Realtor

NOVEMBER 12, 2021

Zoning , the regulation of land use and structures, essentially dictates how and where we live – with near-unbridled discretion by local governments. shows a link between heart health and inclusionary zoning, where local governments require developers of new multifamily buildings to set aside a certain number of units for low-income housing.

Law 36

Law Inventory Real Estate Government 36

Will Springer Realtor

NOVEMBER 10, 2023

More than 2.3M, or 31%, of Washingtonians live in a community governed by a Homeowners Association. As Seattle and most of Washington face hard questions about increasing housing density, the government is often exempting communities with established association rules and bylaws. Homes at Graystone start at $419.9K, or about $669/sq.

HOA 36

HOA Buyers Law Supply Chain 36