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Buyers are struggling to compete in the white-hot Cincinnati market

Housing Wire

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It Buyers are really struggling.” But rising prices are not the only financial challenge buyers are having to contend with right now.

Buyers 374
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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. The post Buyers viewed just eight homes before making their purchase appeared first on HousingWire.

Buyers 414
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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools.

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Foreign buyers are avoiding American homes: NAR

Housing Wire

Foreign buyers purchased $54.4 existing homes from April 2020 through March 2021, a 27% decrease from the previous 12-month period, according to a new report from the National Association of Realtors. Out-of-country buyers purchased only 107,000 properties in that 12-month span — down 31% from the prior period.

Buyers 382
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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

Clients 417
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Experts optimistic about home sales in 2021

Housing Wire

drop in November , according to a report from the National Association of Realtors. There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,” Yun said. million in 2021, Yun said. pending home sales dipped to the tune of 0.3% in December following a 2.6%

Contracts 529
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Bidding wars – the scourge of buyers – slowed in August

Housing Wire

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. million homes, according to the National Association of Realtors. In August, 58.8%

Buyers 425