Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Here are some of the big questions to ponder in 2024. by December 2024. by the end of 2024. by the end of 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. The only problem, nobody wanted a 7.5%

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

Contracts 52

Contracts Appraisal HOA Architecture 52

Will Springer Realtor

FEBRUARY 13, 2024

We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking. in Q1 2024 (previous forecast: 7.0%) 6.2%

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion by the close of 2024.

Marketing 351

Marketing Investing Mortgage Investors 351

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

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. The second development in the case is that on March 22, 2024, the attorneys for Drs.

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. over the course of 2024, declining from the 2023 average of 6.9%. baths, 7,455 sq.ft.,

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

Sellers 60

Sellers Buyers New Listings Inventory 60

Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. Thanks to Tom for writing this blog post. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. An example of this in real estate appraisal is the purchase and sale contract. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Will Springer Realtor

DECEMBER 5, 2023

Our state is at the forefront of improving a document that each buyer and seller receives near the start of the purchase and sale process, and for the first time, our industry will be required to have a contract with buyers. They take effect on Jan.

Law 62

Law Buyers Sellers Real Estate 62

Lamacchia Realty

MARCH 26, 2024

Source Inventory rises when more sellers are listing than buyers are buying. The chart below shows the median time to contract, which is the number of days it takes for the property to be considered off the market. Since June of 2023, the time has risen from 28 days to 45 days in February of 2024.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Appraisal Today

FEBRUARY 9, 2024

NOTE: Please scroll down to read the other topics in this long blog post on E&O and state boards, bias, 32% sales are new homes, unusual homes, mortgage origination stats, etc. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.

Appraisal 80

Appraisal Contracts Insurance Construction 80

Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. However, we are missing the typical boost of sellers. since February and 9.8%

Marketing 60

Marketing Inventory Buyers Sellers 60

Appraisal Today

DECEMBER 22, 2023

Example #1: Superadequate custom fireplace Example #2: Superadequate 12-car garage To read more, Click Here My comments: Although the blog post references luxury homes, this can occur anywhere. In dramatic contrast, my 4 year California Certified General $1,030 license renewal is June 23, 2024 ($275.50 Hopefully will not pass!

Appraisal 76

Appraisal Business Contracts Real Estate 76

Birmingham Appraisal

FEBRUARY 13, 2024

It’s important to consider all of these stats together rather than as single stats because they all work together to help us understand buyer and seller behavior. Shelby County has seen similar trends in 2023 and 2024 which is not a surprise given that they are both in the same general market area.

Real Estate 61

Real Estate Buyers Inventory Appraisal 61

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

DECEMBER 12, 2023

The year in residential real estate nears its end amid twists and turns like a good book but it’s waiting for the storyline to improve as we fill out the empty pages in 2024. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% higher YoY. That was probably a one-time event.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. Many economists believe a recession isn’t likely in the last months of this year but they aren’t ruling out a downturn in 2024 and 2025. by the end of 2024.

Finance 68

Finance Inventory Construction Buyers 68

Movoto

APRIL 29, 2024

Transcript March 25, 2024 Hosts: Patrick Kearns and Sophie Brandeis Guest: Chris Heller, President of Movoto Patrick: Hello, and welcome to the MovotoMic podcast, a new real estate podcast brought to you by Movoto.com. Really NAR and part of their mission all along has been to protect and provide for the American home buyers and sellers.

Agents 36

Agents Sellers Realtors Buyers 36

Will Springer Realtor

MAY 14, 2024

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. Prices rose, too, to near-record highs. Far from the Fed’s 2.0%

Marketing 36

Marketing Inventory Buyers Sellers 36

Listing Spark

MARCH 12, 2024

Online home-selling platforms and tools include all the resources sellers need to market their homes and complete the entire sales process. This listing holds all the details about your property, such as the price, house description, images, information about the area, and your seller’s disclosure notice.

Buyers 36

Buyers Agents Tools Contracts 36

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. Details still need to be ironed out, but U.S.

HOA 36

HOA Transportation Construction Buyers 36

Listing Spark

MARCH 18, 2024

Related: 2024 Texas Real Estate Housing Report That’s where flat-fee MLS listing services have come into play. Electronic Signature Tools Today’s contracts often accommodate digital signatures rather than conventional wet signatures on printed documents. Unfortunately, only licensed agents and brokers can perform this task.

Modernization 36

Modernization Tools Open Houses Real Estate 36

Will Springer Realtor

NOVEMBER 10, 2023

Proposition 1, starting in 2024, will tax property owners approximately 45 cents per $1,000 of assessed value. It will cost the owner of an $800,000 home in Seattle about $360 in 2024, or more than triple the expiring housing levy of $115. Beyond labor strife, America’s home buyers and sellers appear to be on strike as well.

HOA 36

HOA Buyers Law Supply Chain 36

Appraisal Today

JUNE 3, 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 changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Sellers, it’s time to listen. To read 8 More topics, click here.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Will Springer Realtor

DECEMBER 14, 2021

Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. This is part of ongoing waterfront improvements (a topic previously covered ) that are scheduled to be completed in 2024.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

JUNE 13, 2023

This means the negative YoY price decline – which is in a range of minus 7%-11%, depending on the submarket – will slowly return to positive territory, likely by early 2024. The goal of the Fed’s actions is to avoid sinking the economy into a recession, which is effectively two consecutive quarters of economic contraction.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

JUNE 9, 2023

Read a detailed assessment of our housing market in my most recent blog post: Affordability Woes Keep King County Housing Activity on Slow Burn CONDO NEWS I truly enjoy exploring new condos before buyers can visit on-site. The sellers, Cannabidiol business owners, are reportedly downsizing their living arrangements. from 48.0%

Buyers 36

Buyers Transportation Housing Market Law 36

Will Springer Realtor

MAY 12, 2021

Roughly 20 million Millennials will be entering their 30s, typically the time they purchase their first home, between now and 2024. I don’t usually tout the work on my Living the Dream blog except for a brief mention at the bottom of each newsletter in the “In case you missed it …” section. Sellers typically ask for back-up buyers.

Real Estate 36

Real Estate Inventory Buyers Construction 36