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. 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%. million in 2021, up from 50.5

Buyers 397

Buyers Sellers Real Estate Agent Real Estate 397

Housing Wire

FEBRUARY 20, 2024

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints.

Buyers 450

Buyers Inventory Realtors Mortgage 450

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. from 2021, which NAR attributes to the “rapidly escalating interest rate environment.” But as sales slowed in December, the inventory of unsold existing homes also receded, dropping 13.4% from November to a pace of 4.02 A total of 5.03

Inventory 384

Inventory Housing Market Realtors Buyers 384

Housing Wire

SEPTEMBER 17, 2021

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. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. million and 1.92

Buyers 441

Buyers Inventory Real Estate Agent Agents 441

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 66

Sellers Realtors Buyers Inventory 66

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

MARCH 19, 2024

Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply. Brainard also commented on the National Association of Realtors ‘ (NAR) recent decision to settle for $418 million in damages stemming from numerous real estate commission lawsuits.

Sellers 404

Sellers Buyers Realtors Investing 404

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

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Housing Wire

JULY 13, 2021

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.” In 2018-2019, total housing inventory was in the range between 1.52

Inventory 500

Inventory Housing Market Real Estate Agent Buyers 500

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 421

Marketing Inventory Renovations Investors 421

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. HousingWire published a deep dive on the topic in June 2021. Meanwhile, 39% said they had challenges finding sellers. AMC surcharges are typically passed on to the customer.

Appraisal 370

Appraisal Logistics Valuation Appraisal Process 370

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

Inventory 512

Inventory Housing Market Marketing Realtors 512

Housing Wire

FEBRUARY 10, 2023

Kechian – who was Scotsman Guide ’s eighth top LO in 2021 – saw demand for mortgages triple after the first week of January compared to a month ago as mortgage rates declined and people adjusted to seeing rates at 6%-levels. Literally, we’re right back to being a seller’s market again.” in the fourth quarter of 2022.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

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.

Housing Market 450

Housing Market Realtors Buyers Inventory 450

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.

Realtors 72

Realtors Real Estate Agent Sellers Realty 72

Housing Wire

NOVEMBER 3, 2020

nationally by September 2021 as higher prices erode affordability. Data from the National Association of Realtors and U.S. COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. by September 2021.

Inventory 479

Inventory Housing Market Construction Marketing 479

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.

Agents 410

Agents Real Estate Agent Brokerage Real Estate 410

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. . billion production volume in 2021.

Mortgage 397

Mortgage Real Estate Real Estate Agent Realtors 397

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. 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. on pace for 6.29

Real Estate 450

Real Estate Realty Brokerage Realtors 450

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. million in September 2021. Tables have turned for some sellers. million units from 6.18

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year ago. “While the 6.7

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

Housing Wire

JANUARY 20, 2021

As 2021 unfolds, the real estate industry is still dealing with ongoing concerns introduced and exacerbated by the COVID-19 pandemic last year, leaving agents and brokers facing multiple challenges with their work. That’s going to be an issue for a long time, and that’s why housing prices are still climbing.”.

Real Estate 413

Real Estate Inventory Sellers Landlords 413

Housing Wire

SEPTEMBER 22, 2022

With the rate for a 30-year mortgage 300 basis points higher than 2021, the buyer of a median-priced home this week is facing a monthly payment that is 66% higher than the same week in 2021, Ratiu noted. million units last month from July, according to the National Association of Realtors (NAR). Existing home sales are down 19.9%

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

Housing Wire

NOVEMBER 6, 2020

That renewed interest is being felt on the ground, according to Keller Williams Realtor Danielle Buchbinder. Inventory is too low, people need to decide to sell their houses,” Buchbinder told HousingWire. There are] a lot more buyers than there are sellers right now, causing an increase in purchase prices,” Buchbinder said. “A

Housing Market 407

Housing Market Marketing Inventory Buyers 407

Housing Wire

MAY 27, 2021

As rates rise, demand wanes and builders can catch up on the few months of inventory left for hungry borrowers. The falling number of homeowners in mortgage forbearance will also bring about more inventory.”. “The The falling number of homeowners in mortgage forbearance will also bring about more inventory.”.

Mortgage 466

Mortgage Inventory Housing Market Construction 466

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’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.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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

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. Now, halfway through 2021, that average has shot up to around $300,000. “They like the idea of the lifestyle.

Realtors 384

Realtors Inventory Real Estate Agents 384

Lamacchia Realty

AUGUST 3, 2021

Inventory is still very tight despite a slight increase, and as you can see in the chart below from our Massachusetts Updates page , the percentage of homes placed under agreement out of total inventory is still higher than it ever has been but its noticeably lower than it was in the first six months of the year.

Bracketing 69

Bracketing Sellers Buyers Inventory 69

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??

Inventory 141

Inventory Landlords Real Estate Realtors 141

Housing Wire

MAY 17, 2022

Cash buyers made up 28% of all home purchases in March, a rise of five percentage points from the same month in 2021, according to the National Association of Realtors. The company’s commission is paid by the seller and buyers don’t pay any additional fees to use Orchard’s cash.

Buyers 370

Buyers Investors Mortgage Valuation 370

Housing Wire

DECEMBER 20, 2023

In addition to predicting mortgage rates, they based their predictions for home sales and home starts largely on mortgage rates, as several experts have stated: “The story this year and the story next year depend on two variables: mortgage rates and inventory.” by the end of the year.

Mortgage 441

Mortgage Realtors Real Estate Marketing 441

Lamacchia Realty

MAY 21, 2021

2021 EARLY SUMMER MARKET. Beginning in March of 2020 to now, buyers came out in droves due to low interest rates , but sellers were (and most still are) holding off on listing due to the uncertainty of being able to find a new home and the lingering effects of COVID-19. HOW TO NAVIGATE THE. Buying and Selling at the Same Time.

Marketing 64

Marketing Sellers Buyers Realtors 64

Housing Wire

SEPTEMBER 30, 2022

There is more inventory relative to demand, and deals can be found. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. It’s now possible to buy a home for $400,000 that would have sold for $500,000 in 2021.”.

Buyers 458

Buyers Mortgage Loan Officers Retail 458

Housing Wire

APRIL 14, 2022

Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market. ” In fall of 2021, Chicago-based Interfirst laid off hundreds of employees.

Mortgage 522

Mortgage Marketing Retail Lending 522

Lamacchia Realty

NOVEMBER 20, 2023

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

Sellers 68

Sellers Inventory Buyers Realty 68