Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. The lender and LO can make or break the transaction.”

Buyers 385

Buyers Agents Loan Officers Real Estate 385

Housing Wire

APRIL 13, 2021

“If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Either way, it puts the squeeze on property valuation.

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 431

Sellers Buyers Real Estate Contracts 431

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Meanwhile, buyers are plucking up homes left and right. Experts expect home price growth to moderate in 2022, but the lessons learned over the past two years are sure to change the industry in the long term.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

SEPTEMBER 28, 2023

below the August 2022 level. An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said.

Housing Market 436

Housing Market Contracts Government Buyers 436

Housing Wire

NOVEMBER 17, 2023

compared to October 2022, it’s still the smallest annual decline in nearly two years, according to a report from Redfin. Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from. in October 2022. Although pending sales fell 4.8%

Buyers 404

Buyers Sellers Contracts Mortgage 404

Housing Wire

NOVEMBER 21, 2023

Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. lower than October 2022 when inventory was at 1.22 months in October 2022.

Inventory 392

Inventory Realtors New Listings Contracts 392

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home. Appraisals below contract price will continue to be a challenge in 2022.

Contracts 98

Contracts Appraisal Sellers Buyers 98

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. 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?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

SEPTEMBER 11, 2023

Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home. The terms of the deal were not disclosed.

Contracts 347

Contracts Real Estate Agent Tenants Retail 347

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% from February 2022. Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.” In-contract deals rose 0.7% in February, a 28.4%

Contracts 293

Contracts Realtors Home Value Housing Market 293

Hank Miller Team

JULY 18, 2022

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Still, 22 of contracts terminating isn't a anything to ignore. As inflation runs roughshod over the country, there are multiple factors playing a role in contracts terminating. Can a seller sue the buyer?

Contracts 52

Contracts Sellers Buyers Agents 52

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise.

Buyers 475

Buyers Realtors Inventory Sellers 475

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 addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. according to Redfin’s data. Pending sales also dropped by 40%.

Housing Market 345

Housing Market Marketing Contracts Buyers 345

Housing Wire

FEBRUARY 24, 2023

This marks the second consecutive month of increases and the strongest sales pace since March 2022. January marked a surge of people signing contracts to buy new homes. Many home builders are offering incentives to buyers, sweetening the deal just enough to bump sales from the month prior.”

Construction 431

Construction Contracts Buyers Development 431

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

SEPTEMBER 21, 2023

“It’s now entirely possible for us to qualify buyers for their dream home by the time they leave the open house. Production volume in the first half of this year was down about 47% from the same period in 2022. Agents submitting an offer at 8:30pm? The lender originated $10.6 As of June 2023, Guaranteed Rate had a 2.5%

Open Houses 396

Open Houses Contracts Finance Tools 396

Housing Wire

MARCH 28, 2023

2023 began as 2022 had ended, with U.S. below its peak in June 2022. Buyers in the market still find themselves competing over relatively few homes for sale, a fact which continues to prop up home prices,” Lisa Sturtevant, the chief economist at BrightMLS , said in a statement. National Index was down 0.5% Miami (+13.8%

Buyers 374

Buyers Inventory Contracts Finance 374

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. billion in volume in 2022, down 56% from the previous year’s production of $78.13 Guaranteed Rate originated $34.38 About 71.2%

Loan Officers 339

Loan Officers Buyers Contracts Mortgage 339

Housing Wire

MAY 25, 2022

of total applications from 33% the previous week, according to the MBA, and refinance activity is down 66% compared to January 2022. . Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. Refinance share of mortgage activity dropped to 32.3% from 10.5% in the prior week.

Mortgage 416

Mortgage Contracts Retail Inventory 416

Housing Wire

JULY 3, 2023

billion in Q1 2022 (which was roughly in line with industry peers). from the fourth quarter of 2022’s $2.04 A combination of higher loan amounts, cash buyers and a radical drop of refi volume add to the difficulty of today’s environment. billion, a 54% decline from $3.76 Production dropped about 15.2%

Loan Officers 344

Loan Officers Marketing Retail Renovations 344

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 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. The days on market were too low.

Inventory 539

Inventory Housing Market New Listings Marketing 539

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.”

Inventory 352

Inventory Buyers Housing Market Contracts 352

Housing Wire

JUNE 1, 2022

. “Demand is high at the upper end of the market, and supply and affordability challenges are not as detrimental to these borrowers as they are to first-time buyers.”. The results are consistent with the MBA’s May forecast , which shows a significant drop in mortgage originations and home sales in 2022 than a year ago.

Mortgage 426

Mortgage Contracts Retail Marketing 426

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% However, even as existing home sales fell 17.8% The National Composite declined by -0.8%

Inventory 380

Inventory Housing Market Contracts Realtors 380

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%. Historically 2.5

Realtors 388

Realtors Housing Market Marketing Buyers 388

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? The key here are sales; fairly consistent and even the dip in Jan 2022 was higher than Jan 2019. No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

APRIL 17, 2023

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. 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

Housing Market 360

Housing Market Marketing Inventory Buyers 360

Housing Wire

DECEMBER 23, 2022

New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% Since July, about 10,000 contracts have been canceled each month, according to data from John Burns Consulting. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. in November.

Contracts 359

Contracts Inventory Housing Market Mortgage 359

Housing Wire

JANUARY 19, 2022

The economist added that government purchase applications had slower growth, contributing to the larger loan balances and suggesting that prospective first-time buyers are struggling to find homes to buy in their price range. Economists expect that rates will increase in 2022 but will still be close to record-low levels.

Mortgage 390

Mortgage Contracts Government Inventory 390

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. in 2022. . rise from a year ago.

Marketing 441

Marketing Buyers Realtors Real Estate 441

Housing Wire

JANUARY 31, 2023

decline since the market peaked in June 2022,” Craig J. These declines, of course, came after very strong price increases in late 2021 and the first half of 2022. Because most home sales take several months from contract to closing, the data likely includes some deals struck in July and August.) for the month, reflecting a -3.6%

Housing Market 391

Housing Market Contracts Buyers Marketing 391

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

APRIL 26, 2023

Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. Prices are still expensive, forcing buyers to look at less expensive homes or areas not as preferred. The bottom for 2022 was 240,194.

Mortgage 392

Mortgage Loan Officers New Listings Government 392

Housing Wire

NOVEMBER 29, 2022

As has been the case for the past several months, our September 2022 report reflects short-term declines and medium-term deceleration in housing prices across the U.S.,” As has been the case for the past several months, our September 2022 report reflects short-term declines and medium-term deceleration in housing prices across the U.S.,”

Inventory 349

Inventory Contracts Sellers Finance 349

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%

Housing Market 411

Housing Market Realtors Contracts Buyers 411

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. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

Housing Market 420

Housing Market Realtors Buyers Inventory 420