Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Inventory Marketing Business Buyers 329

Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. Conversely, White and Hispanic Americans experienced gains in buyer shares. NAR found the age of repeat buyers increased to 59 years from 56 years last year.

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Buyers Sellers Real Estate Agent Real Estate 350

Housing Wire

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

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Inventory Housing Market Real Estate Agent Buyers 500

Housing Wire

MARCH 6, 2023

Growing supply shortages are holding housing prices higher, and affordability constraints coupled with elevated rates lock potential sellers in place. The three-pronged challenge of inventory shortages, unaffordable housing and rising interest rates kept home prices more moderate, as supply can’t match demand, the report said.

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Housing Market Marketing Inventory Sellers 383

Housing Wire

FEBRUARY 6, 2023

Prior to the pandemic, buyers paid closer to 0.5 points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On While buyers seem to be returning to the market early in 2023, purchase loans locked in January are still off by 13% compared to the 2018 and 2019 pre-pandemic levels.

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Inventory Mortgage New Listings Home Value 384

Lamacchia Realty

MARCH 24, 2022

This rapid increase is akin to a rate spike in 1994, however, the last time we saw 4.72% was in November of 2018. What does this mean for buyers? What does this mean for sellers? The impact may eventually diminish rising list prices as sellers become aware of buyers’ predicament with current rates. Buyer Resources.

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Mortgage Sellers Buyers Realty 59

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Inventory Housing Market Marketing Realtors 511

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. We saw this happen in 2013-2014 and 2018-2019. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014. nominal per year at most.

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New Listings Inventory Housing Market Sellers 479

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory.

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Real Estate Open Houses Brokerage Real Estate Agent 349

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. In 2018, Zillow and Redfin joined the fray with their own iBuying business segments. For the same period this year, the company has 4,007.

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Marketing Inventory Renovations Investors 406

Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Sales of existing homes fell 6.6% in February to a seasonally adjusted annual rate of 6.22 month-over-month.

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Mortgage Construction Realtors Inventory 541

Housing Wire

MARCH 16, 2022

percent, the first time the FOMC has changed the federal funds rate in two years, and the first rate hike since March 2018. And that market is largely defined by a dearth of inventory. It was the fifth consecutive drop in inventory. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50

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Inventory Design Mortgage Buyers 441

Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. In 2018, sales trends fell from 5.72 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better. million to 5.12

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Mortgage Inventory Sellers Housing Market 504

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? Here we look at both detached and attached homes going back to Jan 2018. No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now. consider this a broad overview.

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Inventory Contracts Buyers Sellers 94

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Image by Brandon Johnson/HW Media.). million active listings, but at just 1.28

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Sellers Inventory Housing Market New Listings 504

Housing Wire

APRIL 4, 2022

That was the highest reading since December 2018, the report said. With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers. And FHA borrowers on average locked rates at 4.9% on Friday, according to Black Knight’s Optimal Blue OBMMI.

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Insurance Loan Officers Sellers Mortgage 361

Miller Samuel

FEBRUARY 12, 2019

The number of units sold in Manhattan in 2018 was down by more than 14 percent compared to the previous year. In 2018 the discount was 5.2%. In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. That process can take time. “If

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

DECEMBER 3, 2020

In 2018, Forbes ranked the city No. In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

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Marketing Realty Realtors Housing Market 533

Padove Appraisal Service

JANUARY 29, 2019

Is it a sellers’ market with a lot of buyers competing to purchase just a few, scarce listing, or is it a buyers’ market with numerous sellers trying to attract just a hand full of buyers? What are buyers are doing? One of my favorite statistics to follow is inventory accumulation.

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Marketing Real Estate Inventory Sellers 78

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would. It means they’re down.

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Bracketing Marketing Sellers Buyers 61

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. From 2022 to 2023 alone, rates rose 15%.

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Insurance Inventory Marketing Real Estate 377

Lamacchia Realty

NOVEMBER 28, 2022

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season.?Their Their concerns usually stem from the misconception that buyers are not looking during November and December because they’re halting their search for the holidays.

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Sellers Inventory Buyers Realty 72

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Housing Market Bracketing Marketing Sellers 62

Housing Wire

AUGUST 21, 2023

Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. And every uptick in mortgage rates leads to a downtick in the number of home buyers in the market.

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Inventory Contracts Buyers Sellers 369

Lamacchia Realty

SEPTEMBER 13, 2022

That is why pricing your home accurately from the beginning will typically generate increased activity from buyers and higher offers. These days, buyers have access to the same information as REALTORS and are not fooled by an overpriced home; they will typically steer away from it if they believe the price is too high.

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Inventory Sellers Agents Buyers 71

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. I don’t believe housing inventory below 1.52

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Inventory Housing Market Construction Marketing 501

Robinson Appraisal Group

MAY 16, 2018

Interest rates for buyers with good credit or credit worthiness for a 30 year loan is approximately 4.875% while average buyers fall around 5%. Mortgage rates started around 4% at the beginning of 2018 and have seen a steady increase. The Fed has forecast three rate increases in 2018.

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Real Estate Agent Real Estate Inventory Retail 78

Birmingham Appraisal

JANUARY 10, 2024

5) Sale Price Negotiation: Sellers in Shelby County experienced a positive shift in negotiations. The rise in the sale price to list price ratio suggests a favorable environment for sellers and the notable increase in cash sales points towards changing financing dynamics within the market.

Real Estate 78

Real Estate Sellers Appraisal Marketing 78

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. In this market, a seller looking at comps to pinpoint their own target list price must be a little savvier than in years past. These factors impact supply and demand and therefore how much a buyer is willing or able to pay for a home.

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Marketing Sellers Buyers Market Value 67

Birmingham Appraisal

MAY 11, 2022

There is a direct relationship between the health of the market and buyer activity. Median home prices continue to rise as a result of high demand and limited inventory. This increase, combined with higher interest rates, may keep many buyers out of the market as rates continue to rise. Number of Homes Sold. Median Sales Price.

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Housing Market Marketing Inventory Buyers 52

Housing Wire

APRIL 12, 2024

Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. Altos classifies scores above 30 to be indicative of a sellers’ market. I’ve seen buyers ask for and get between $8,000 and $10,000 in closing costs covered. Our insurance is pricing people out of their homes.”

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Insurance Housing Market Marketing Agents 395

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. First, total home sales should be 6.2

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Mortgage Inventory Housing Market Construction 455

On Q Financial

FEBRUARY 22, 2021

As a result, buyers should want to find any ways to save on the final price tag. The market shifts seasonally, and inventory is constantly fluctuating. For example, inventory is typically higher in the summer than in winter, but prices may be higher at the beginning of summer vs. the end. Time of Year.

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Real Estate Agent Inventory Sellers Finance 68

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. 2014 was the very last year total housing inventory grew in America.

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Housing Market Marketing Mortgage Inventory 499

Housing Wire

OCTOBER 10, 2023

Inventory continues to grow faster than last year at this time. Higher rates equal more inventory, and lower rates equal less inventory. If mortgage rates were to fall between now and January, expect to see inventory decline again next year like it did for most of this year. And there is certainly no flood of sellers.

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Mortgage Inventory Contracts Sellers 407

Eppraisal

SEPTEMBER 24, 2021

These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." million in 2018." Buyer demand is very high and prices are rising at record-breaking levels. Home Buyers There are many types of home buyers in today's market.

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Marketing Supply Chain Real Estate Construction 28

Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. For example, if buyers are cooled by higher interest rates, the first thing that’s going to happen is they’re not going to make those immediate offers.

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Housing Market Marketing Inventory Sellers 543