Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. in early 2021, the Texas tech hub has been impacted by tech layoffs, dwindling tech stock values and unsustainable high home prices. according to Redfin’s data.

Housing Market 384

Housing Market Marketing Contracts Buyers 384

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . “The million in September 2021. Tables have turned for some sellers. million units from 6.18

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Housing Wire

APRIL 17, 2023

Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. It is a solid seller ’s market with an Altos Market Action index score of 54. “We

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 410

Agents Buyers Sellers Inventory 410

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.

Sellers 65

Sellers Realtors Buyers Inventory 65

Housing Wire

MAY 23, 2023

This new development is being propelled by an alleged Fannie Mae “request” that, according to industry sources, was made recently of several lenders active as buyers in M&A deals. The seller continues to have an obligation to manage their company that they still own after an asset deal,” one industry source explained.

Buyers 397

Buyers Sellers Finance Contracts 397

Housing Wire

APRIL 13, 2021

A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020 through February 2021. “And listing on a Sunday or Monday means buyers may lose interest before the following weekend,” Fairweather said.

Sellers 410

Sellers Buyers Real Estate Agent Real Estate 410

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

NOVEMBER 1, 2023

I have four more that I’m in negotiations on representing buyers, and in some cases, buyers who might be interested in multiple transactions, and I think I’ll know the results of those [talks] in the next couple of weeks.” So, the deals aren’t as attractive to sellers. …We’ll trillion to $1.64

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

FEBRUARY 18, 2022

Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%.

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

Buyers 87

Buyers Inventory Sellers Appraisal 87

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. from December 2021 ($358,800), as prices rose in all regions. from November but up 10.2% months in Nov.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? The bump kinda sorta returned in 2021 but what happens in 2022?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

SEPTEMBER 28, 2021

annual gain for the year ending in July 2021, up from 18.7% from July 2020 to July 2021, which is up from the 18.5% increase recorded in June 2021. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents.

Housing Market 485

Housing Market Finance Contracts Inventory 485

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 324

Real Estate Brokerage Buyers Property Management 324

Housing Wire

NOVEMBER 13, 2020

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Is 2021 a good time to buy a house? Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like. More for Real Estate Enthusiasts.

Real Estate Agent 545

Real Estate Agent Real Estate Agents Contracts 545

Housing Wire

DECEMBER 23, 2022

million home sales nationally in 2023, a decline of about 6% compared to 2021, and the lowest level of home sales in nine years. Six percent mortgage rates have also priced some buyers out of the market. Second, know that even as the housing market resets in 2023, there have been contractions on both the buyer and seller sides.

Housing Market 410

Housing Market Marketing Inventory Buyers 410

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. The second section, shows the experiences of successful home buyers by race.

Housing Market 450

Housing Market Realtors Buyers Inventory 450

Lamacchia Realty

JULY 6, 2021

EASY FIXES SELLERS CAN MAKE. Selling a home can take some time and while most home sellers are focused on making updates that will give them the most return, it is imperative that the small fixes aren’t overlooked. If the seller hasn’t tackled a small project, such as replacing the cover pates, what other big issues can’t be seen?

Sellers 69

Sellers Open Houses Buyers Realty 69

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

Sellers 441

Sellers Housing Market Buyers New Listings 441

Housing Wire

SEPTEMBER 22, 2022

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. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Housing Wire

OCTOBER 13, 2022

trillion compared with 2021, according to estimates by Fannie Mae , Freddie Mac and the Mortgage Bankers Association (MBA). He points out that in 2021, 85% of the U.S. Meanwhile,” he added, “a large buyer might be able to load that same [mortgage] production [via an acquisition] and not take on any [additional] corporate expenses.”.

Mortgage 370

Mortgage Marketing Buyers Sellers 370

Listing Spark

JUNE 21, 2022

The good news for sellers is that the Texas median list price is up over 18% YOY. So, don’t panic if your home doesn’t have a contract in the first week or two of being on the market. . This is the first increase since June 2021. These foreclosures will add inventory and options to the market for potential buyers.

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

Housing Market 527

Housing Market Marketing Real Estate Agent Real Estate 527

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Home buyers are rushing to buy ahead of additional rate and/or rent increases, some will be trapped on the hamster wheel of renting. How do home buyers get their offer selected?

Buyers 52

Buyers Inspection Contracts Sellers 52

Housing Wire

OCTOBER 12, 2022

trillion in 2021 and the 12.3 While the mortgage business has been profitable of late, the financial fortunes of originators large and small are tied to the inherent cyclicality of the mortgage market leading to natural episodic expansions and contractions. Behind the record setting mortgage origination volume of $4.4

Mortgage 410

Mortgage Technology Business Contracts 410

Housing Wire

JUNE 14, 2022

in April 2021, to $4.51 Such market volatility has led to sleepless nights for real estate agents and LOs as well as buyers and sellers in recent few days. So buyers are getting concerned.”. Melissa Cohn, a veteran mortgage banker at William Raveis Mortgage , described Friday and Monday as “a bloodbath.”

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

Housing Wire

JUNE 9, 2022

Interest rates jumped by more than 2 percentage points over the first quarter of 2021. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That bolt-like spike in rates put many mortgage lenders into crisis mode.

Marketing 384

Marketing Contracts Technology Mortgage 384

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. Mold remediation.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. Meanwhile, buyers are plucking up homes left and right.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion last year, the Amherst report shows.

Marketing 384

Marketing Investing Mortgage Investors 384

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

JUNE 30, 2021

As of June 29, 2021, there were 47 large, active fires burning across the Western U.S. “Sellers who are in the market right now are rushing to get under contract because they know buyers may start rethinking their decisions when fire season worsens,” Anderson said. Last year, 58,950 wildfires burned 10.1

Real Estate Agent 397

Real Estate Agent Modernization Real Estate Agents 397

Hank Miller Team

NOVEMBER 4, 2022

Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions. Most of them.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40

Housing Wire

SEPTEMBER 23, 2022

From 2020 to 2021, NAR membership increased by a massive 156,000 Realtors. Signs point to “no” — 92% of buyers and sellers chose to work with an agent in 2021. My parents recently called me, shocked to learn the agent they contracted, someone they thought was highly experienced, only facilitates two transactions a year.

Real Estate Agent 370

Real Estate Agent Agents Real Estate Realtors 370

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Hank Miller Team

APRIL 6, 2022

A low in listings was reached in Feb 2021 after a Tower of Terror free fall at the start of the pandemic. We saw a dead cat bounce over the summer of 2021 but right now, the number of active listings is at an historic low. The Covid collapse in listings is clear here as is the corresponding dip in Jan 2021 sales.

Inventory 94

Inventory Contracts Buyers Sellers 94