Buyers gaining power & farewell real estate honeymoon

Sacramento Appraisal Blog

Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…).

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Buyers take power from sellers. It’s their turn.

Sacramento Appraisal Blog

Buyers are gaining power. Finally. And sellers are losing it. I have some new visuals to show what the market is doing right now. These are for Sacramento, but I suspect many areas look similar.

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Advice for buyers & sellers in today’s housing market

Sacramento Appraisal Blog

The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I’m pulling. Some new memes too. Enjoy if you wish.

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Spiking housing supply & fewer buyers

Sacramento Appraisal Blog

Finally. We’ve seen a massive change with housing inventory. But is it because sellers are rushing to list their homes? That’s not the culprit. Let’s talk about supply and some things on my mind about today’s market.

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Redfin: 60k+ Buyers Cancelled Contracts in August

Appraisal Buzz

The percentage of backouts has now hovered around … The post Redfin: 60k+ Buyers Cancelled Contracts in August appeared first on theMReport.com. The post Redfin: 60k+ Buyers Cancelled Contracts in August appeared first on Appraisal Buzz.

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What Do Home Buyers Buy after Moving

Eyes on Housing

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners.

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Affordability Decreases for First-Time Buyers

Appraisal Buzz

While many in the housing market are predicting a shift in power to buyers’ favor, that switch may not be coming anytime soon to according to a recent NerdWallet report due to tempered demand due to higher mortgage rates.

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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers.

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Budgets Remain Constrained for Buyers

Appraisal Buzz

That’s the lowest share since May 2020 and the first time the bidding-war rate has been below 50% since that same month, when the housing market was at a … The post Budgets Remain Constrained for Buyers appeared first on theMReport.com.

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Buyers & sellers feeling stuck in the housing market

Sacramento Appraisal Blog

And some buyers are stuck in the future, […]. I love the original Back to the Future movie. Do you too? Well, I can’t help but think of today’s housing market compared to the film.

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What First-Time Home Buyers Really Want

Eyes on Housing

Among first-time home buyers, a laundry room ranked as the most popular of the more than 200 home and community features listed in the recent NAHB study, What Home Buyers Really Want, 2021 Edition.

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Relocation Trends for Buyers in 2022

Appraisal Buzz

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence.

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More Affluent Buyers Turning to ARMs

Appraisal Buzz

The post More Affluent Buyers Turning to ARMs appeared first on theMReport.com. The post More Affluent Buyers Turning to ARMs appeared first on Appraisal Buzz.

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As fundraising environment freezes, power buyer UpEquity cuts staff

Housing Wire

Co-founded in 2019 by Tim Herman and Louis Wilson, the lender and “power buyer” allows homebuyers to make all-cash offers to compete with institutional investors. UpEquity earns a commission from brokering or selling the mortgage buyers take out to buy their homes.

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Foreign buyers are avoiding American homes: NAR

Housing Wire

Foreign buyers purchased $54.4 Out-of-country buyers purchased only 107,000 properties in that 12-month span — down 31% from the prior period. Foreign buyers who resided in the U.S. International buyers accounted for 2.8% billion worth of U.S.

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How much are buyers paying above the asking price?

Sacramento Appraisal Blog

Buyers are crazy!!! How can they be paying these prices?” ” That’s what we tend to hear from people who are NOT trying to buy a house right now. It seems like onlookers really don’t understand what it takes to get an offer accepted these days.

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Homebuilders up the incentives to bring buyers to the table

Housing Wire

The NAHB/ HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

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Will we have a buyer’s housing market in 2021?

Housing Wire

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. A buyer’s market in 2021?

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The Big Shift: Which Markets Favor Buyers vs. Sellers?

Appraisal Buzz

Knock has announced the unveiling of the Knock Buyer-Seller Market Index, revealing the U.S. housing market began to shift in July toward buyers for the first time since 2017. According … The post The Big Shift: Which Markets Favor Buyers vs. Sellers?

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Flood-Risk Data Influencing an Increasing Number of Home Buyers

Appraisal Buzz

The post Flood-Risk Data Influencing an Increasing Number of Home Buyers appeared first on DSNews. The post Flood-Risk Data Influencing an Increasing Number of Home Buyers appeared first on Appraisal Buzz.

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Bringing Downpayment Assistance Education to a New Generation of Buyers

Appraisal Buzz

While a multitude of downpayment assistance options are available to buyers, most are not aware these options exist, as Rob Chrane of Down Payment Resource explains how proper education can bring these programs to the forefront as a viable option to today’s home buyers.

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Student Debt Holding Buyers Back 

Appraisal Buzz

Eight years of data show that student loan debt is one of the most significant barriers standing between a potential buyer and the ability to purchase a home. . The post Student Debt Holding Buyers Back appeared first on DSNews.

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Home Buyers Want Energy Efficient Windows

Eyes on Housing

Previous posts reported on home buyer preferences for kitchen and bath features, from NAHB’s recent study What Home Buyers Really Want, 2021 Edition.

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MBA: First-Time Home Buyer Activity Shows ‘Signs of Life’

Appraisal Buzz

week-over-week, the MBA reports government mortgage apps rose 4% over last week, as a slight decline in rates may be enticing to first-time buyers. The post MBA: First-Time Home Buyer Activity Shows ‘Signs of Life’ appeared first on theMReport.com.

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First-Time Buyers More Likely to Take Financial Risks

Appraisal Buzz

First-timers paid a median of $77,500 over the listing price, while repeat buyers offered only $60,000. Although finding an affordable home was … The post First-Time Buyers More Likely to Take Financial Risks appeared first on DSNews.

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Complicated Markets Fuel Buyer Fatigue

Appraisal Buzz

ServiceLink recently released its 2022 State of Homebuying Report, highlighting the effects of low housing inventory and how high home prices are leading the next generation of buyers to consider alternative paths to homeownership. The report examines generational trends among recent homebuyers, their sentiments toward alternative paths to homeownership, and the role technology plays throughout the … The post Complicated Markets Fuel Buyer Fatigue appeared first on theMReport.com.

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High Prices, Mortgage Rates Push Buyers Toward More Affordable Areas

Appraisal Buzz

of Redfin.com users nationwide looked to move from one metro to another in … The post High Prices, Mortgage Rates Push Buyers Toward More Affordable Areas appeared first on theMReport.com. The post High Prices, Mortgage Rates Push Buyers Toward More Affordable Areas appeared first on Appraisal Buzz.

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Buyers Turn to Condominiums

Appraisal Buzz

The post Buyers Turn to Condominiums appeared first on theMReport.com. The post Buyers Turn to Condominiums appeared first on Appraisal Buzz. House hunters who have found the cost of single-family homes prohibitive are opting for condos, pushing up prices and competition in that market. Around The Web

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How auction buyer data foreshadows housing market shifts

Housing Wire

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. Behavioral buyer data from the foreclosure auction, therefore, acts as an early warning system for imminent market shifts. “We’re

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In the Bath, First-Time Buyers Really Want Both a Shower & Tub

Eyes on Housing

Among first-time buyers, both a shower stall and tub in the primary bath ranked as the most popular of the 18 bathroom features listed in the NAHB study, What Home Buyers Really Want, 2021 Edition.

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Buyers Endure Significant Stress While Acquiring a Home

Appraisal Buzz

Using Pollfish, … The post Buyers Endure Significant Stress While Acquiring a Home appeared first on theMReport.com. The post Buyers Endure Significant Stress While Acquiring a Home appeared first on Appraisal Buzz. The newest national survey of new homeowners commissioned by U.S

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Sellers Lowering Listing Prices to Sway Buyers

Appraisal Buzz

Mortgage rates have surged as government efforts seek to combat inflation, while the average 30-year fixed mortgage rate hit 5% in April for the first time since … The post Sellers Lowering Listing Prices to Sway Buyers appeared first on theMReport.com.

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Prospective Buyers Are Quickly Becoming Active Buyers

Eyes on Housing

This increase marks the fifth consecutive year-over-year gain in the share of prospective buyers who have become active buyers.

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First-Time Buyers Weigh Their Options

Appraisal Buzz

A new study examines ideal destinations for first-time buyers, as they consider space, location, and overall pricing. The post First-Time Buyers Weigh Their Options appeared first on theMReport.com. The post First-Time Buyers Weigh Their Options appeared first on Appraisal Buzz.

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Pandemic-Driven Purchases Spark Buyer’s Remorse

Appraisal Buzz

A new Zillow survey found that 75% of buyers who successfully bought a home in the past two years reported having at least one regret about the home they purchased. The post Pandemic-Driven Purchases Spark Buyer’s Remorse appeared first on Appraisal Buzz.

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Pandemic-Driven Purchases Spark Buyer’s Remorse

Appraisal Buzz

A new Zillow survey found that 75% of buyers who successfully bought a home in the past two years reported having at least one regret about the home they purchased. The post Pandemic-Driven Purchases Spark Buyer’s Remorse appeared first on Appraisal Buzz.

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Institutional Buyers Account for 13% of Residential Sales in 2021

Appraisal Buzz

An examination of institutional home buyers by NAR found that this segment of buyers comprised 13.2% The post Institutional Buyers Account for 13% of Residential Sales in 2021 appeared first on DSNews.

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Buyers’ Expectations of Housing Availability Improve

Eyes on Housing

For the first time since 2020, prospective buyers expect housing availability to improve. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.

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Buyers Expect Agents to Use Social Media

Appraisal Buzz

This information comes by way of a new survey commissioned by Coldwell Banker … The post Buyers Expect Agents to Use Social Media appeared first on theMReport.com. The post Buyers Expect Agents to Use Social Media appeared first on Appraisal Buzz.

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Rocket Homes Launches Single-Platform for Buyers and Sellers

Appraisal Buzz

The post Rocket Homes Launches Single-Platform for Buyers and Sellers appeared first on theMReport.com. The post Rocket Homes Launches Single-Platform for Buyers and Sellers appeared first on Appraisal Buzz.

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