Housing Wire

APRIL 22, 2024

There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory. If you don’t have active buyers, ask around the office.

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Birmingham Appraisal

FEBRUARY 6, 2024

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. In my last post, I discussed statistics related to supply and demand.

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Inventory Real Estate Sellers Buyers 77

Birmingham Appraisal

JANUARY 24, 2024

In this blog post, that I’ve written specifically for real estate agents, we’re diving into why understanding housing stats is like having a secret weapon in your professional toolkit—it’s a game-changer! Navigating the real estate landscape involves understanding market dynamics, buyer behaviors, and economic indicators.

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Real Estate Agent Real Estate Inventory Buyers 64

Cornerstone

JANUARY 7, 2022

Now it’s 2022, and both homebuyers and sellers have questions. Housing market predictions 2022: Insight from 5 experts. Here’s what you can expect for 2022, according to the experts: 1. Here’s what you can expect for 2022, according to the experts: 1. Reading Time: 3 minutes. What lies ahead? More sellers should list. “We

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Housing Market Marketing Sellers Inventory 52

DW Slater Company

AUGUST 31, 2022

Some are predicting that we will have another huge crash similar to 2008 and others are predicting a steady to slow decline to such low inventory in housing. Buyers are gaining some ground in the market as the number of days on the market has been increasing as well as the supply. Are Buyers In The Driver’s Seat Now?

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Real Estate Housing Market Appraisal Inventory 87

Birmingham Appraisal

AUGUST 16, 2022

Inventory Levels. We have had a low level of inventory for several years which contributes to a seller’s market. With limited inventory, buyers don’t have much to choose from so they are at the whim of the seller and what they want to ask for the home they have for sale. Months of Inventory.

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Marketing Inventory Real Estate Sellers 90

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

DW Slater Company

SEPTEMBER 29, 2022

Just as things began to start to level off, 2021 and 2022 exploded. As the rates climb, buyer power is diminishing. We are also seeing builders reduce their prices indicating that they too see a slow down as they are trying to clear their inventory. September 2022 Appraiser Update – FNMA. Cleveland Appraisal Blog.

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Mortgage Housing Market Appraisal Real Estate 132

Lamacchia Realty

SEPTEMBER 13, 2022

That is why pricing your home accurately from the beginning will typically generate increased activity from buyers and higher offers. 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.

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Birmingham Appraisal

JANUARY 10, 2024

The housing market in Jefferson County, Alabama, for December 2023 exhibited several noteworthy trends: 1) Price Changes: The median sold price in Jefferson County saw a slight decrease of -0.18%, going from $264,990 in December 2022 to $264,507 in December 2023. This uptick indicates heightened market activity and demand.

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Real Estate Sellers Appraisal Marketing 78

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.

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Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Will Springer Realtor

DECEMBER 20, 2022

Prices soared through most of the year despite improving inventory. The massive market cooldown began in the spring when mortgage interest rates rose to more than double the level at the start of 2022. If time is short, here is a video recap of that blog post. I published a full assessment last week.

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Real Estate Realtors Inventory Mortgage 66

Lamacchia Realty

APRIL 11, 2023

Anthony talked a lot about the current market’s similarities to the early 80s in his 2023 Predictions blog that was released in late December. To further solidify the point, Q4 of 2022 exhibited the lowest number of homes listed out of any previous Q4 since records were kept. It’s NOT for a lack of buyers.

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Sellers Buyers Realtors Real Estate 72

Lamacchia Realty

JANUARY 12, 2023

If you’re considering putting your home on the market during this time of year , here are just a few reasons why doing so could help you get top dollar for your property: Low Inventory and Less Competition One of the biggest benefits is that there is usually less competition due to lower inventory – see the yellow circled area in the chart below.

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Sellers Buyers Inventory Real Estate 66

Birmingham Appraisal

JUNE 28, 2022

Today I’m going to look at the trend in the first six months of 2022 and compare that to the two prior years. A decreased pool of potential buyers due to higher interest rates has resulted in less competition. The lower days on market reflect the speed at which the available inventory is being purchased. Conclusion.

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Real Estate Marketing Inventory Sellers 52

Lamacchia Realty

MARCH 24, 2022

What does this mean for buyers? Many industry professionals feel that an increase in mortgage rates will negatively impact projected home sales for 2022, but we aren’t convinced just yet. The impact may eventually diminish rising list prices as sellers become aware of buyers’ predicament with current rates. Buyer Resources.

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Mortgage Sellers Buyers Realty 62

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. To read the full blog post, click here. The summary and Circular are in the blog post. No ads in the blog post. To read it, click here.

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Appraisal Valuation Contracts Modernization 59

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Tools Appraisal Renovations Design 64

DW Slater Company

FEBRUARY 23, 2023

The demand for housing decreased with the higher mortgage rates as it decreased buyer power. The biggest answer is inventory. The inventory is still at very low levels. Until we have more inventory, prices will hold. There are still enough buyers out there looking to buy what is available.

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Inventory Marketing Supply Chain Appraisal 128

Lamacchia Realty

OCTOBER 13, 2022

Often these changes are due to seasonal patterns but could also be related to economic factors such as what we are seeing now; rates rising, buyer affordability changes, consumer sentiment impacting motivation to buy or sell, and inflation. Competition was high, inventory was low, and there were bidding wars happening everywhere.

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Marketing Sellers Buyers Market Value 70

Appraisal Today

MAY 10, 2024

NOTE: Please scroll down to read the other topics in this long blog post on staying positive with slow business, economic analysis for appraisers, current real estate market, unusual homes, mortgage origination stats, etc. == $14M Castle on 40 Acres in Wyoming Excerpts: 5 bedrooms, 5.5+ baths, 9,470 sq.ft., 40 acre lot, built in 1992.

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Reconsideration of Value Appraisal Real Estate Insurance 73

Cornerstone

OCTOBER 5, 2021

Average days on the market reflect current levels of buyer demand. If homes are flying off the shelves, so to speak, buyers need to be prepared to act and put in an offer quickly to beat out their competition. Buyers will likely compete for your home. percent by the fourth quarter of 2022.”. percent, rising to 3.8

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Sellers Loan Officers Inventory New Listings 53

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. After writing the America is Back recovery model on HousingWire, I wrote an article on my blog about what it would take to crash home prices on April 10, 2020. Inventory velocity. Can this last? No, it can’t.

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Housing Market Marketing Inventory Lending 397

DW Slater Company

JUNE 6, 2022

The Gore House in 2022. Do the buyers know that this occurred in the home? Low inventories can diminish some of the negative impact of the stigma but most likely not erase it. appeared first on DW Slater Company Blog. Identifier: AR406-6 06/27/1980 #7376 [Frame 5A]. Here is what it looks like today-. It is interesting.

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Real Estate Appraisal Market Value Marketing 166

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. In 2022 we saw this raging market hit a large bump in the road. Whenever this happens the supply and demand formula is affected.

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Housing Market Marketing Inventory Sellers 81

Cornerstone

FEBRUARY 15, 2022

Likely that this will limit #foreclosure activity for a good part of 2022, while servicers explore all possible loss [mitigation] options.”. “ To maintain balance, the housing market requires a six-month inventory supply. To find out more, read the New York State Attorney General’s warning. Bottom line?

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Loan Officers Housing Market Inventory Mortgage 59

Cleveland Appraisal Blog

MAY 18, 2023

The agent went on to mention that many people she knows would like to sell their home but are afraid of not finding another one because inventory levels are so low. In April, we are at the same level of total active listings that we have seen in 2021 & 2022. Homeowners need to sell their homes to make inventory for buyers.

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Inventory Real Estate Agent Appraisal Real Estate 333

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? are confusing.

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Appraisal Real Estate Contracts Design 67

Housing Wire

NOVEMBER 22, 2021

As I wrote in my blog in 2020: “The rule of thumb I am using for 2021 is that existing home sales if they’re doing good, should be trending between 5,840,000-6,200,000. Not bad considering the low inventory and all that unhealthy home price growth we have seen since the start of 2020. million in 2020. million or higher.

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Inventory Housing Market Buyers Investors 538

Appraisal Today

JUNE 17, 2022

To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. The number of potential buyers will decrease as rates go up in many markets.

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Appraisal Contracts Real Estate Mortgage 52

Lamacchia Realty

FEBRUARY 22, 2022

The name of the game at this point is getting a home before the price continues to increase, as average prices are predicted to rise another 10% by the end of 2022 and before rates continue their ascent. An eighth of a point increase (.125%) Below you’ll find Shant Banosian of Guaranteed Rate Cost of Waiting Graphic.

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Mortgage Realty Home Value Inventory 65

Lamacchia Realty

JUNE 16, 2022

Take inventory of your things to determine how many boxes you’ll need. Buyer Resources. May 25, 2022. Your REALTOR® can help you develop a plan to make sure your home is ready to go on the market so that when the time comes and you need to accept an offer, there are contingencies in place so you can find a new home.

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Realtors Inspection Realty Buyers 61

Cleveland Appraisal Blog

JANUARY 5, 2023

While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022. In June of 2022, the list-to-sales price ratio was 103%.

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Housing Market Marketing Appraisal Inventory 369

Raleigh Realty

FEBRUARY 19, 2022

Not only does this help new agents learn all the inventory in their local markets but it also gets them familiar with driving through all the subdivisions and neighborhoods. The skills required to help home buyers and sellers successfully buy and sell real estate have nothing to do with networking all day.

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Real Estate Realtors Real Estate Agent Agents 158

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Values are so high that buyers are putting a lot of money down to lower the monthly payment as much as they can. Ohio, for instance, was the seventh most populous state in 2022, and also had the seventh largest number of state tips that year at 46.

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