Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. Lautz said she is not surprised by the record -ow number of first-time buyers, attributing the reasons to housing affordability, high home prices, rising interest rates and lack of home inventory.

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Housing Wire

MAY 3, 2023

According to RealTrends’ historical data, agent commissions reached a high point in 1991 at an average of 6.10% and fell to a nadir of 4.94% in 2020 before climbing to 5.06% in 2021 and 5.32% in 2022. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

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Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Total Inventory data fell in this report from 1.31 million to 1.28

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Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. 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. “The largest, undisrupted market in the U.S.,”

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Marketing Inventory Renovations Investors 414

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

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Sellers Realtors Buyers Inventory 64

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. 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% in October.

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Inventory Contracts Training Investors 527

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Mortgage Inventory Housing Market Construction 457

Housing Wire

NOVEMBER 12, 2020

According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. Over the course of this year, home prices have continued to tick upward due to low inventory and high demand.

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Buyers Realtors Sellers Inventory 450

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out.

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Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

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Housing Market Realtors Buyers Inventory 442

Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

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Housing Wire

OCTOBER 26, 2023

After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.

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Buyers Sellers Agents Law 414

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. million, a 1.1%

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Contracts Realtors New Listings Real Estate 477

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. Literally, we’re right back to being a seller’s market again.” So more realtors in the area have started working with us. And usually, once they work with us, we hold on to them.

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Marketing Inventory Loan Officers Buyers 370

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home.

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Marketing Realty Realtors Housing Market 531

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . About 70% of Prosperity’s production comes from affiliate realtors.

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Mortgage Real Estate Real Estate Agent Realtors 393

Housing Wire

DECEMBER 28, 2021

real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic. million homes sold at the end of September, according to National Association of Realtors data. on pace for 6.29 July was the plateau.

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Real Estate Realty Brokerage Realtors 442

Housing Wire

APRIL 16, 2024

In fact, the lowest levels of H4P were in the lowest rate environment during the 2020 pandemic as inventory tightened and seniors were not interested in moving given all that was happening.” Industry perseverance But other data suggests that seniors may be more willing to move again.

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Retail Mortgage Business Loan Officers 411

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. million, according to the National Association of Realtors. That’s a full 5% drop. Sales of existing homes fell 6.6% month-over-month.

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Mortgage Construction Realtors Inventory 543

Empire Appraisal Group

MARCH 4, 2021

Housing Markets With the Highest, Lowest Inventories. Source: Housing Markets With the Highest, Lowest Inventories | Realtor Magazine. Housing inventories aren’t being replenished fast enough for home shoppers. month supply at the current sales pace, according to the National Association of REALTORS®.

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Inventory Housing Market Marketing Realtors 60

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Inventory started low in 2020, and then dropped even lower in March 2020 during the stay-at-home mandates.

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Sellers Realtors Buyers Inventory 67

Housing Wire

JULY 1, 2021

Now, they’re starting to move there, said Jeff Rayno, a local Realtor with Weichert Realtors + Stanford and Company. “If you’re a seller, it’s great. At the end of 2020, the average listing price of a home in Savannah was around $250,000, per Realtor.com. “And why wouldn’t you? .”

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Realtors Inventory Real Estate Agents 382

Housing Wire

APRIL 30, 2021

In 2020, approximately 20% of all Americans moved — and Arizona was the seventh most-popular destination of those movers. The proof is in the home prices, which have shot up in Arizona since the beginning of 2020. Listing prices hit an average of $725,000 in September 2020 — the highest in more than two years. Census report.

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Housing Market Marketing Real Estate Real Estate Agent 543

Robinson Appraisal Group

JULY 17, 2023

The low inventory of available homes combined with high interest rates has made it difficult for potential buyers to find an affordable home in the area. Harford County homes for sale are down 19.2%, Baltimore County inventory is down 30.2% So, why is the inventory amount for houses on the market so low??

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Inventory Landlords Real Estate Realtors 141

Berkshire Hathaway

APRIL 28, 2021

Yes, it is true it is a sellers’ market more so than ever before and you might be tempted to try and sell your home on your own, especially when the inventory of homes is as low as it is today, and buyers are tempted to snatch up anything they can get their hands on, but we must urge against this. Now why is there such a gap?

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Sellers Marketing Realtors Training 42

Birmingham Appraisal

FEBRUARY 6, 2024

In this post we’ll discuss average and median sold price, average days on the market (DOM), and months of inventory. The Alabama Center for Real Estate provides helpful charts and statistics from data it gets from The Alabama Association of Realtors. In my last post, I discussed statistics related to supply and demand.

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Inventory Real Estate Sellers Buyers 76

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana.

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Mortgage Marketing Retail Lending 519

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 Historically, for home sellers who list in the late summer and early fall, their? because the inventory during that time is typically at a higher point for the year.?September

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Sellers Inventory Buyers Realty 73

Lamacchia Realty

NOVEMBER 16, 2021

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. September and October are usually the months with an increased number of homes on the market , and then as those homes sell or people begin taking them off the market, inventory decreases.

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Inventory Buyers Sellers Realty 69

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. Literally since Jan.

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Insurance Inventory Marketing Real Estate 414

Housing Wire

OCTOBER 1, 2021

“So, for sellers, making sure that their house is ready to go opening weekend is critical more so now than it has been in months past because if it sits past that opening weekend, buyers wonder what’s wrong with it.”. Compared to California, Utah has been fairly relaxed with COVID-19 restrictions.

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Housing Market Marketing Agents Real Estate 414

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 64

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

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Marketing Government Mortgage Sellers 404

Lamacchia Realty

SEPTEMBER 13, 2022

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. 2) Under Agreement Date of Sold Properties This is as important as #1 but it is often overlooked by home sellers and agents.

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Inventory Sellers Agents Buyers 73

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Inventory Housing Market Marketing Modernization 498

Housing Wire

DECEMBER 27, 2021

for 2020, down from 13.8% I think it’s a foregone conclusion that leading brokers are going to need to retrain agents on these financing services, much as they did 10 to 12 years ago to deal with distressed inventory and short sales,” Murray said. In 2015, according to RealTrends data, gross margins were at 16.4% Now, they’re at 13.5%

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Brokerage Real Estate Agents Finance 393