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In the Mid-Atlantic, more sellers are listing second homes and investment properties

Housing Wire

Unlike a typical spring homebuying season in which sellers are also looking to buy a home, people trying to relocate into a bigger or smaller home in the Mid-Atlantic region made up a relatively small share of the housing market. of sales were rental or investment properties or second homes , according to a survey of 1,063 listing agents.

Sellers 298
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Home sellers saw their profits shrink in the first quarter: Attom

Housing Wire

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. Investment returns for sellers fell for the second straight quarter. The good news for potential home sellers is that limited housing supply could push home prices higher this spring.

Sellers 383
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Opinion: No benefit to home sellers is worth sacrificing first-time homebuyers

Housing Wire

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. Last year, mortgage rates increased from 3% to 8% and home prices still increased in most markets.

Sellers 439
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Seller impersonation fraud threatens American homeownership

Housing Wire

In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud. Secret Service reported a steep rise in seller impersonation in an advisory it issued this year. We can reverse this trend.

Sellers 366
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EasyKnock acquires home equity investment company HomePace

Housing Wire

Residential sale-leaseback platform EasyKnock has acquired the assets of home equity investment firm HomePace , the company exclusively told HousingWire on Monday. Cianciolo will serve as head of business development, Graf as senior vice president of operations and Joerg as chief investment officer.

Investing 326
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Market Correction or Seller Panic?

Appraisal Buzz

This might manifest itself with lower offers that are acceptable to the seller, but price isn’t the only aspect of a transaction. Anecdotally, sellers are worried that the threat of increasing interest rates with continue to erode buying power which will have a negative effect on their sale price now and especially in the future.

Sellers 435
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As home prices skyrocketed, sellers made killer profits in 2021

Housing Wire

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said. Presented by: Equifax.

Sellers 423