Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

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Contracts Inventory Housing Market Realtors 370

Housing Wire

JANUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “We Interested buyers are out there. “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the monthly increase, pending home sales are down 33.8% compared to December 2021.

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Contracts Realtors Mortgage Buyers 421

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. An index of 100 is equivalent to the level of pending sales in 2001. Potential buyers may have to enlarge their geographic search areas, given the current tight market,” Yun said. “If and West (96.9)

Inventory 500

Inventory Contracts Housing Market Buyers 500

Appraisal Buzz

SEPTEMBER 29, 2021

The National Association of Realtors ’ Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased 8.1% An index of 100 is equal to the level of contract activity in 2001. Year-over-year, signings dipped 8.3%.

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Contracts Realtors Inventory Buyers 195

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. on the index in June, an 8.7%

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Marketing Buyers Realtors Real Estate 441

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. October was a difficult month for home buyers as they faced 20-year-high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. Pending home sales have now fallen in 11 of the last 12 months.

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Realtors Contracts Buyers Mortgage 384

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% month-over-month increase in December , the Pending Home Sales Index rose 8.1%

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Housing Market Realtors Contracts Buyers 432

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” The NAR’s Pending Home Sales Index climbed to a reading of 76.8 NAR expects existing-home sales to decrease 12.9%

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Construction Inventory Realtors Housing Market 370

Housing Wire

AUGUST 14, 2023

It significantly streamlined transactions , slashing hours of wasted drive time chauffeuring documents in between soccer games and dinners, creating competitive advantage by shortening contract periods and empowering agents to conduct business across borders in minutes versus days.

Real Estate 370

Real Estate Real Estate Agent Marketing Technology 370

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. Here’s how to handle emotional buyers like the pro that you are. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. Know Their Problems — and Solve Them.

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Real Estate Agent Real Estate Buyers Agents 87

Housing Wire

NOVEMBER 29, 2021

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.

Inventory 530

Inventory Contracts Training Investors 530

Housing Wire

AUGUST 3, 2021

But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. ” The 17.2%

Buyers 504

Buyers Inventory Realtors Contracts 504

Housing Wire

AUGUST 24, 2023

This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. percent from 0.6

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Appraisal Agents Real Estate Real Estate Agent 79

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

Contracts 421

Contracts Inventory Construction Realtors 421

Appraisal Today

OCTOBER 28, 2022

2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market. About 58% of home buyers say they’d consider purchasing a haunted home, according to our new survey of 1,000 Americans. Maybe now buyers would be less interested in haunted houses. percent, the highest rate since 2001.

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Appraisal Contracts Mortgage Valuation 52

Appraisal Today

MARCH 31, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, AMCs, unusual homes, mortgage origination stats, etc. == Arizona House With a Quirky Boxcar Bunker Quickly Finds a Buyer Excerpts: 4,091 square feet. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.25

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Appraisal Contracts Inspection Clients 52

Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. These worsening affordability challenges have been particularly hard on prospective first-time buyers.”. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.30

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Appraisal Contracts Business Mortgage 52

Appraisal Today

JUNE 3, 2022

We’ve seen more luxury properties sell (larger homes) and buyers at higher price points (larger homes) have been taking advantage of being able to work from home. Most of all, we’re seeing buyers become more sensitive to price, location, and condition since affordability has taken such a beating lately. To read more, click here.

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Appraisal Contracts Real Estate Marketing 52

Housing Wire

APRIL 20, 2022

Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. We did have faxes, it wasn’t the beginning of time, but everything is almost instantaneous now.”. Brokerages Invest in Tech. Real estate agents are busier than ever.

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Real Estate Agent Real Estate Agents Brokerage 421

Housing Wire

MAY 31, 2022

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. The company estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001.

Mortgage 384

Mortgage Construction Lending Real Estate 384

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This report analyzes the sales figures, average prices, the number of active listings, and listings under contract for both 2023 and 2022. Maine Sales Decreased by 18.9%

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Inventory Sellers Buyers Contracts 54

Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A

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Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

DECEMBER 9, 2022

When I did my national conferences from 2001 to 2006 there were no tests. ==. Due to rising interest rates, many potential home buyers are currently unable to qualify to buy the properties they want. Qualified buyers and listing prices. The average contract interest rate for 15-year fixed-rate mortgages decreased to 5.84

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Appraisal Contracts Business Mortgage 52

Will Springer Realtor

JUNE 9, 2023

Even the doubling of interest rates in less than a year did not dissuade some buyers in need of a home. Filings include default notices, scheduled auctions and bank repossessions. >> Nearly half (47%) of all prospective buyers said they would buy a home in the current housing market because they are tired of renting and rent increases.

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Buyers Transportation Housing Market Law 36