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%

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Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking. months’ inventory, up from 1.4 months’ inventory (2.0 Single-family inventory rose to 1.6 in Q3 2024 (6.6%) 5.8%

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New Listings Buyers Inventory Lending 54

Movoto

MAY 8, 2024

million in 2024. Because of the relatively low inventory in the region, it’s usually easy for most home sellers to find a buyer for their home in roughly 30 days for the asking price, based on data from sources aggregated from our site and around the web. And the Santa Monica median home price averaged $1.99

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Real Estate Marketing Logistics Real Estate Agent 36

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. This information can be used to advise sellers on how to price in this situation.

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Inventory Real Estate Sellers Buyers 79

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 Mortgage rates are high, home prices are high, there’s no inventory.” The result: generally rising prices amid limited inventory.

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Sellers Buyers New Listings Inventory 60

Lamacchia Realty

MARCH 26, 2024

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.

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Bracketing HOA Sellers Buyers 60

Birmingham Appraisal

JANUARY 10, 2024

5) Sale Price Negotiation: Sellers in Shelby County experienced a positive shift in negotiations. The rise in the sale price to list price ratio suggests a favorable environment for sellers and the notable increase in cash sales points towards changing financing dynamics within the market. What About 2024?

Real Estate 80

Real Estate Sellers Appraisal Marketing 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. Inventory stood at 1.3

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Marketing Inventory Buyers Sellers 60

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.

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Appraisal Contracts Business Construction 77

Housing Wire

NOVEMBER 2, 2023

Using analytics, it identifies potential sellers and prompts them to explore their home’s value on HousingNow.com, where leads must provide information to view listings. zBuyer stands out as a real estate lead generation service because of its unique approach, targeting potential home sellers interested in cash offers.

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Real Estate Real Estate Agent Tools Agents 345

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve played the role of Santa Claus and delivered an unexpected present just before Christmas in the form of a forecast for lower interest rates in 2024. YoY, as sellers accepted prices at an average of 96.6% YoY, with sellers accepting 96.7% Inventory fell in terms of months of supply across the county.

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Housing Market Marketing Inventory Lending 61

Birmingham Appraisal

FEBRUARY 13, 2024

Understanding these metrics enables agents to adjust pricing strategies based on inventory levels and buyer demand, optimizing the chances of selling a property quickly and at the best possible price. In the second post of my series , we covered average and median sold prices, average days on the market, and months of inventory.

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Real Estate Buyers Inventory Appraisal 61

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. Inventory was little changed from July to August. months’ inventory, down from 1.5 Single-family-home inventory was unchanged at 1.4 by the end of 2024.

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Finance Inventory Construction Buyers 68

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. Months of inventory for single-family homes was flat at 1.7 (or Inventory was at 1.9 Single-family prices were at $885,500, up 0.3% month-to-month and 7.1%

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Housing Market Marketing New Listings Buyers 42

Cornerstone

JUNE 1, 2021

That’s the question on every homebuyer and seller’s mind. ” Yun said this in response to the high homebuyer demand and rising housing prices we’re currently seeing — which he blamed simply on a shortage of inventory. percent 2023: 4 percent 2024: 3.6 appeared first on Cornerstone Blog. percent 2025: 3.5

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Inventory Buyers Sellers Investing 52

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.

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Real Estate Buyers Sellers Insurance 36

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.

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Appraisal Contracts Insurance Construction 80

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. months of inventory available in the county, down from 2.0 in 2024 and 4.5M

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Inventory Buyers Sellers New Listings 36

Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). About two-thirds of all King County listings sold last month at the list price or above, signaling a competitive environment and extending this long-running sellers’ market.

Buyers 57

Buyers Construction Sellers Inventory 57

Will Springer Realtor

MAY 14, 2024

The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. Pending sales (sellers in contract with buyers) climbed 14% year-on-year (YoY) for King (2775) and Seattle (1012); they are up 23% YoY on the Eastside (865). months of inventory, including 1.3 months in Seattle and 0.9

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Marketing Inventory Buyers Sellers 36

Will Springer Realtor

DECEMBER 12, 2023

We have enjoyed working with many of you this year and providing informative stories and features in this newsletter as well as on the Living the Dream blog and social media platforms. To a happy 2024! = Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. 19) at 10am PT.

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

MARCH 10, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Construction Modernization Buyers Inspection 36

Will Springer Realtor

MARCH 11, 2024

at the start of 2024 after increasing them by 8.7% This includes diligent inquiries into the current insurance and utility expenses from sellers, alongside documenting the age and expected lifespan of crucial home components, from plumbing and electrical systems to major appliances and roofs. Prospective home sellers are smart people.

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Insurance Sellers Real Estate Buyers 36

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. Despite high interest rates, some hungry buyers are competing over limited inventory. months’ total inventory in the county, down from 1.4 There are 1.3

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Buyers Inventory Construction Finance 36

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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HOA Transportation Construction Buyers 36

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.

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Real Estate Buyers Construction Sellers 69

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

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. Click to expand any image or graphic from my newsletters and blog posts.) It may take decades to backfill stock, which is said to be roughly 4.5M

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Buyers Development Construction New Listings 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. million individuals annually.

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Real Estate Inventory Buyers Construction 36