Sacramento Appraisal Blog

FEBRUARY 14, 2024

Pulling comps in 2024 is tough. I also have some market recap visuals to unpack what’s been happening in 2024 so far. UPCOMING SPEAKING GIGS: 2/19/24 Matt the Mortgage Guy YouTube […] The post The challenge of pulling comps in 2024 first appeared on Sacramento Appraisal Blog. Think about it this way.

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Appraisal Marketing Mortgage New Listings 309

Housing Wire

NOVEMBER 30, 2023

District Court in Chicago indicated this past spring that the trial in the Moehrl commission lawsuit would take place during the first half of 2024. During the hearing, Wood stated that she would be able to “try the case likely in the fourth quarter of 2024.” Ray’s point that this case should stand on its own.”

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Legal Sellers Realtors Law 404

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. It is almost certain the Federal Reserve will push back any interest-rate cuts to mid-2024 at the earliest.

Sellers 394

Sellers Buyers Real Estate Inventory 394

Housing Wire

JANUARY 6, 2024

I believe we should get more sellers in 2024 than in 2023, but that doesn’t necessarily mean home prices will fall. Here are the year-over-year price-cut percentages from the first week of the year: 2024 32.8% However, one key for 2024 is finding the seasonal bottom in housing inventory sooner rather than later.

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Inventory New Listings Housing Market Mortgage 541

Housing Wire

OCTOBER 24, 2023

Our customers for many years have said, ‘I also work with sellers, can we nurture them as well?’” According to Flachner, despite initial hesitancy for fear of biting off more than they could chew, RealScout began “peeling back the layers of the onion on seller nurture.”

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Sellers Home Value Client Relationships Agents 317

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. But with RateReduce Sell, sellers will be able secure a lower rate by buying down points permanently.

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Sellers Real Estate Agent Loan Officers Mortgage 415

Housing Wire

FEBRUARY 26, 2024

Mortgage originators who seek success in 2024 need to move with confidence and adaptability. Given the cyclical nature of the mortgage market, the industry seems to be moving beyond these challenges with a more normalized market in 2024. In pursuing their goals for 2024, mortgage originators must not be complacent.

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Mortgage Clients Real Estate Agent Real Estate 355

Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. ” The value education was mentioned across the board.

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Brokerage Real Estate Training Buyers 387

Sacramento Appraisal Blog

JANUARY 4, 2024

What’s the housing market going to do in 2024? UPCOMING (PUBLIC) SPEAKING GIGS: 01/12/24 Prime Real Estate (private event (I think)) 01/17/24 Gateway Event (private) 01/30/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 2/09/24 […] The post Real estate trends to watch in 2024 first appeared on Sacramento Appraisal Blog.

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Real Estate Housing Market Appraisal Marketing 325

Housing Wire

DECEMBER 27, 2023

” As 2024 is not expected to be stellar , analysts foresee more M&A and exits next year. But maybe there are a couple of stragglers and weaker competitors that still end up having to shut down in 2024 because by no means is it going to be like a heroic year of origination. We had about 400 sellers on our own.

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Mortgage Retail Lending Sellers 386

Housing Wire

DECEMBER 20, 2023

percentage points above the average of four forecasts for the third quarter of 2024 and roughly 0.6 It also provided committee members’ forecasts of what would be the appropriate rate in 2024, which was based on their forecasts of inflation, GDP growth and other economic indicators. in the first half of 2024. 15, just 0.07

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Mortgage Realtors Real Estate Marketing 411

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). ” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Real Estate 454

Real Estate Inventory Sellers Realtors 454

Housing Wire

OCTOBER 19, 2023

1, REBNY rules will prevent the listing brokers from paying buyer agents and instead will require sellers to pay commissions directly. The rule will require listing agreements to clearly outline the seller’s offer of compensation to the buyer’s agent. Starting Jan.

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Sellers Agents Brokerage Real Estate 427

Inman

FEBRUARY 26, 2024

Learn how to boost your marketing by understanding today's home buyers and sellers, their motivations and desired home features.

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Sellers Buyers Marketing 171

Housing Wire

JANUARY 29, 2024

Interior maintenance: the devil in the details In 2024, buyers are not just seeking a house; they desire a home that has been lovingly maintained. After the 30-day mark it’s up to the sellers if they want to keep paying for the staging but typically if the home is priced correctly, it will sell in the first 30 days in most markets.

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Realtors Buyers Agents Decorating 426

Housing Wire

JANUARY 4, 2024

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. This discrepancy is not creating any incentive for sellers to sell their homes in the current rate environment, according to Realtor.com Economic Research Analyst Hannah Jones. The 30-year fixed-rate mortgage averaged 6.62% as of Jan.

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Mortgage Inventory Sellers Marketing 413

Housing Wire

DECEMBER 1, 2023

Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024. on an annual basis in 2024. The FHFA’s increase for conforming loan limits in 2024 follows a formula that tracks increases in national home prices.

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Finance Buyers Mortgage Inventory 405

Housing Wire

JANUARY 2, 2024

Whitney referred to this trend as a “python” that could begin coming to fruition in the latter half of 2024, which could then persist “for the next several years,” she explained. “[T]hat, Last October, FHA introduced a proposed seller credit for the H4P program.

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Housing Market Marketing Real Estate Agent Real Estate 512

Real Estate News

MARCH 21, 2024

A new Realtor.com report concludes that the best time to list in 2024 is right around the corner.

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Sellers Agents 217

Housing Wire

AUGUST 17, 2022

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. Institutions with less than $1 billion in originations during a 12 month period would be exempt — a new carveout the agencies said is for “small sellers.”.

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Sellers Government Lending Finance 357

Housing Wire

NOVEMBER 29, 2023

It offers a multichannel online advertising service that finds and attracts potential leads, leveraging search intent targeting and social information to engage with potential buyers and sellers. Use this tool: SmartZip SmartZip utilizes predictive analytics to identify potential sellers in your area.

Real Estate 382

Real Estate Buyers Tools Real Estate Agent 382

Housing Wire

NOVEMBER 21, 2023

While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In Together, the two may suggest that there really is nowhere to go but up in 2024,” she said. “In from October 2022’s $378,800. All four U.S.

Inventory 393

Inventory Realtors New Listings Contracts 393

Housing Wire

MARCH 22, 2024

Your home sellers and buyers research you online. Robust search functionality and optimization: RealTrends Verified elevates your brand in the places homebuyers and sellers look first. You market your brand and business online. You educate your sphere online. RealTrends Verified elevates your digital presence.

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Brokerage Real Estate Agents Sellers 403

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 67

Sellers Realtors Buyers Inventory 67

Inman

DECEMBER 5, 2023

Falling home prices and mortgage rates are on tap for buyers and sellers — not to mention a presidential election that could hinge on housing issues, according to Redfin's outlook for 2024.

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Buyers Sellers Marketing Mortgage 160

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

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Inventory Agents Real Estate Sellers 386

Housing Wire

JANUARY 29, 2024

You’ll get 20+ “how to” videos to help you understand the fundamentals of the job, buyer and seller checklists, action plans and other helpful resources. Check out the Utah Division of Real Estate and the Utah Association of REALTORS for up-to-date information about getting licensed and joining a brokerage in Utah in 2024.

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Real Estate Real Estate Agent Agents Law 346

Sacramento Appraisal Blog

MARCH 20, 2024

It’s important to cultivate objectivity and keep some things in mind about buyers, sellers, and concessions. Everyone is talking about the National Association of Realtors (NAR) lawsuit settlement, and I have a few thoughts too.

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Realtors Sellers Buyers Appraisal 344

Inman

NOVEMBER 16, 2023

NAR’s 2023 Profile of Home Buyers and Sellers has just been released, and it’s packed with insights that can help you take your business to the next level in 2024. According to trainer Bernice Ross, the most important insights concern your lead generation and lead conversion.

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Sellers Buyers Business Realtors 141

Housing Wire

DECEMBER 15, 2023

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. Yun expects the first rate cut to come in the late spring of 2024.

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Sellers Buyers Mortgage Investing 464

Housing Wire

APRIL 11, 2024

The Redfin-commissioned survey was conducted by Qualtrics in February 2024. Historically, commissions in real estate transactions have been negotiable, with the customary practice involving the home seller bearing the expenses for both the listing agent and the buyer’s agent. It was sent to 2,995 U.S.

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Agents Real Estate Sellers Buyers 376

Housing Wire

MARCH 23, 2024

As rates were hitting year-to-date highs, the fear was that the Fed would go hawkish in their March meeting, which could push mortgage rates toward 8% and tank 2024 demand. 8% for spring 2024. What have 2022, 2023, and 2024 shown us? This data line is slightly lower than I hoped for for 2024, but we are still growing.

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Mortgage Inventory New Listings Housing Market 510

Housing Wire

MARCH 6, 2024

But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. 31% in 2023-2024. in 2019-2020, 16.9-17.2%

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Mortgage Sellers New Listings Buyers 404

Housing Wire

JANUARY 2, 2024

With a variety of formats and study materials to choose from, we break down the many Maryland real estate schools and their course packages to help you successfully pass the Maryland real estate exam and launch a new career in 2024. Livestream classes scheduled on Tue/Thur evenings or Sat/Sun full days. Led by local instructors.

Real Estate 365

Real Estate Real Estate Agent Best Value Agents 365

Housing Wire

APRIL 19, 2024

year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. year over year in Q1 2024, the largest increase on record, but the total supply of luxury homes still lags behind pre-pandemic levels. In the first quarter of 2024, sales of luxury homes rose 2.1%

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Luxury Properties New Listings Buyers Housing Market 429

Housing Wire

JANUARY 2, 2024

You’ll get 20+ “how to” videos to help you understand the fundamentals of the job, buyer and seller checklists, action plans and other helpful resources. Enroll Now Pros + Cons Pros: Livestream options available for connecting virtually with peers and instructors. Career videos included in all prelicensing packages.

Real Estate 344

Real Estate Real Estate Agent Agents Development 344

Housing Wire

APRIL 27, 2024

Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. We have now seen it for two weeks as inventory grew by 13,247. Last year, we didn’t have any weeks of weekly active inventory growth above 11,000. 2022: 19.2%

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Inventory Housing Market Marketing New Listings 356