Housing Wire

OCTOBER 25, 2021

of offers written by Redfin agents ended up in a bidding war, the lowest rate so far in 2021 and nearly on par with the September 2020 bidding war rate of 58.3%. The rate of bidding wars hit a peak in April 2021 with 74.3% Housing economists at Redfin are not concerned that this slowdown could be a harbinger.

Renovations 404

Renovations Inventory Agents Housing Market 404

Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Mortgage rates dipped to record lows in 2021, then skyrocketed in early 2022. 2021 to Jan.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

OCTOBER 28, 2021

“It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. in 2022.

Inventory 414

Inventory Renovations Contracts Buyers 414

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. This fish phenomenon reminds me of the housing market today. There is a lot of demand out there, with very little inventory. 2021 is off to a wild start.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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. The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. “The largest, undisrupted market in the U.S.,”

Marketing 394

Marketing Inventory Renovations Investors 394

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Renovating Right.

Investors 385

Investors Renovations Marketing Retail 385

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM.

Finance 344

Finance Marketing Renovations Investors 344

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. hit in the second quarter of 2021.” It remained way below the 44.6%

Investors 340

Investors Inventory Investing Real Estate 340

Housing Wire

AUGUST 5, 2021

“With global market uncertainty surrounding the Delta variant of COVID-19, we saw 10-year Treasury yields drift lower and consequently mortgage rates followed suit,” said Khater. The 30-year fixed-rate mortgage dipped back to where it stood at the beginning of 2021, and the 15-year fixed remained at its historic low.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

Housing Wire

JUNE 13, 2023

This uptick is a sign that more housing inventory is available for sale as more potential homebuyers are priced out of the market due to high interest rates and soaring housing prices. The median rental rate on single-family homes has risen from $2,275 to $2,445 over the same period, according to Altos.

Marketing 303

Marketing Investors Inventory Real Estate 303

Housing Wire

NOVEMBER 15, 2021

But HUD officials also raised concerns over the share of seriously delinquent borrowers and the impact of potential changes in the broader market. Top markets for affordable renovated housing inventory. million borrowers in forbearance across the housing market, as well as the 1.18

Mortgage 380

Mortgage Insurance Renovations Tools 380

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. They can’t make that jump to expanding into a bigger house because of higher mortgage payments, he explained. Business is at a “dead stop,” said a retail loan officer in Michigan.

Mortgage 374

Mortgage Loan Officers Inventory Retail 374

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. Instead, they’ll be seeking to renovate their homes.”. I think the stock market will recover.

Renovations 375

Renovations Realtors Construction Mortgage 375

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. The debt level, both current and anticipated in 2021, is worrisome.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

JUNE 25, 2021

iBuying appears to be back, after the nation’s top iBuying companies purchased 4,383 homes in the first quarter of 2021 — up 20.6% Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data.

Renovations 342

Renovations Marketing Buyers Inventory 342

Lamacchia Realty

JANUARY 6, 2022

In 2021, Lamacchia Realty continued its record growth across the company. The company went into the year with big goals despite the unprecedented low inventory and challenging market, particularly at the beginning of the year. The company achieved $1 Billion in Sales Volume months faster in 2021 than in 2020. marketing ?that

Realty 77

Realty Realtors Training Brokerage 77

Housing Wire

JANUARY 6, 2023

billion in origination volume in 2021 to less than $500 million in 2022, Gallo plans on using his database of former clients — which make up to 70% of his referral business — to follow up and check in this year. Connie Kim: Let’s zoom in on the New Jersey housing market. After dropping from $1.2

Business 364

Business Loan Officers Clients Inventory 364

Appraisal Buzz

SEPTEMBER 26, 2022

Entering the housing market today is challenging for many homeowners. There’s currently an inventory shortage, which is leading to more competition and increased prices. In 2021, more than 90% of builders reported backlogs and supply scarcity. How to Improve the Housing Crisis.

Construction 195

Construction Supply Chain Buyers Retail 195

Raleigh Realty

JULY 12, 2022

A healthy housing market indicates a healthy national economy. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? in the fall 2021 semester and by 3.4 While resale homes are spending less time on the market, there are still more homes for sale than buyers in Raleigh.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. A 2021 survey showed nearly half of U.S. Most owners will contract work out for major renovation projects while doing DIY work on replacing flooring, painting or improving outdoor space, the survey from LendingHome showed. . >>

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Lamacchia Realty

FEBRUARY 22, 2023

This too shall pass.” – Anthony Lamacchia, Broker/Owner The New England housing market is off to a slow start in 2023 with home sales down about 30% in January 2023 compared to this time last year. Listen to Anthony talk about the current housing market in more detail on Boston25 morning news here ! million to 4.00

Real Estate 70

Real Estate Sellers Contracts Buyers 70

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.*

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Cornerstone

JUNE 8, 2021

The housing market continues chugging along. The only thing that could derail it is the nationwide shortage of houses. Homeowners aren’t sure if they’ll need to renovate to receive a competitive offer. Remember, you have significant leverage on your side if you’re planning to sell a house today.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Appraisal Today

APRIL 5, 2024

I’m always looking for something new == The Full Measure with Kevin Hecht: March 2024 Housing Market Insights By Kevin Hecht, March 28, 2024 Excerpts: In this installment of The Full Measure with Kevin Hecht, uncover March 2024 housing market insights, plus key takeaways for residential appraisers.

Appraisal 77

Appraisal Contracts Business Construction 77

Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. for single-family homes ($1.316M), astounding after YoY prices were up 35% in the 12 months ending November 2021. months of inventory. months, up from 2.1

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. OCTOBER HOUSING UPDATE.

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Appraisal Today

JULY 7, 2023

2021, was one of the first (and perhaps the most publicized). But since late 2021, a number of similar lawsuits have popped up—from North Carolina to Maryland. Despite the home’s age, it isn’t a money pit or desperate for a renovation. Housing markets are like my waist line. Tate-Austin v. Connolly & Mott v.

Appraisal 76

Appraisal Real Estate Contracts Mortgage 76

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. in the first half of 2022.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

JULY 9, 2021

THE ROI OF HOME RENOVATION. The National Association of Realtors® recently announced a new partnership with the LGBTQ+ Real Estate Alliance, a nonprofit that promotes homeownership and advocates for greater equality in housing. >> CoreLogic’s newly released Homeowner Equity Report for the first quarter of 2021 shows U.S.

Buyers 36

Buyers Development Transportation Inventory 36

Will Springer Realtor

AUGUST 9, 2021

Many dug into savings and had their homes renovated or repaired. A surprising 3% used the time to build a new house. >> The National Association of Realtors’® top economist forecast 2021 will end the year with 6.1 from April 1, 2020, to the same day in 2021, to 7.77M residents. AUGUST HOUSING UPDATE.

Construction 36

Construction Inventory Property Taxes Development 36

Houston Properties

JULY 18, 2022

She knows so much about the housing market so we felt very confident that we were in great hands!” – Dr. Jen Shroff. Aside from the elegant houses that line River Oaks’ streets, much of the community’s beauty comes from the abundance of verdant elements in the area. Older properties have been renovated and updated.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Will Springer Realtor

MAY 9, 2023

years, according to recent data, when it was only about five years just before the housing market crash of 2007. Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Quicken Loans

JUNE 10, 2021

While this could come down if more supply was put on the market, it’s also worth noting that prices have gotten high enough that some people think it will be cheaper to renovate, taking advantage of low interest rates to refinance. Housing Market Index. Copyright 2021 Econoday, Inc. The journey might take a while.

Real Estate 38

Real Estate Marketing Construction Clients 38

Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

Real Estate 36

Real Estate Inventory Buyers Construction 36