Appraisal Buzz

APRIL 3, 2025

Nonetheless, increasing price reductions and declining pending house sales indicate that buyers are being cautious, most likely as a result of the uncertain economic climate and customers growing anxieties about their individual financial circumstances. Were seeing a market thats rebalancing, offering more choices for shoppers.

Inventory 335

Inventory Buyers Contracts Sellers 335

Appraisal Buzz

JANUARY 9, 2025

Even in these high-opportunity areas, tradeoffs likely need to be considered for buyers to get to the closing table. Choosing the best place will come down to whats most important to each buyer and their family, and our list of places, and their qualities, is a good guide. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5

Buyers 370

Buyers Investing Inventory Marketing 370

Appraisal Buzz

MARCH 5, 2025

From rates bordering the 7% range, to record high home prices, many home buyers are sitting on the sidelines waiting for a seismic change to hit the U.S. New data from LendingTree shows that among those active in the market last year, first-time buyers received a larger share of offers than those who already own. housing market.

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Buyers Housing Market Mortgage Marketing 311

Appraisal Buzz

OCTOBER 29, 2024

The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers first appeared on The MortgagePoint. The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers appeared first on Appraisal Buzz. To read the full release, including more information, click here.

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Buyers Appraisal Loan Officers Sellers 395

Housing Wire

APRIL 3, 2025

However, some buyers appear to be adapting. Redfin agents report that buyers who can afford to purchase are acting now before costs rise further. Redfin agents report that buyers who can afford to purchase are acting now before costs rise further. These high costs have put a damper on pending home sales, which fell 2.3%

Buyers 284

Buyers Sellers New Listings Agents 284

Appraisal Buzz

JANUARY 30, 2025

Budgeting, Buyers Remorse and Bills More than two-thirds (69%) of homeowners regret their home and the related costs, and 4 out of 5 (81%) say their spending was higher than they had expected. The post Non-Mortgage Homeownership Costs Shock First-Time Buyers first appeared on The MortgagePoint.

Buyers 335

Buyers Property Taxes Mortgage HOA 335

Appraisal Buzz

APRIL 4, 2025

Pent-up demand caused the housing market to flare up in February, but as buyers wait for more inventory, it has cooled off in March, according to Josh Felder, a Redfin Premier real estate agent in the Bay Area. ppts Which Metros Are Seeing the Biggest Buyer Markets? percentage points from the previous year. ppts 42.7% ppts 19.5%

Buyers 284

Buyers Real Estate Agent Inventory Sellers 284

Housing Wire

OCTOBER 28, 2024

It was based on the premise that buyer brokers were using commission rates posted on the [ multiple listing service ] to steer buyers to properties that provided higher levels of compensation. … The settlement makes sense — but only on paper. Monestier’s objection also looks at the required buyer representation agreements.

Business 468

Business Sellers Realtors Buyers 468

Housing Wire

MARCH 25, 2025

-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It. The issue is backed by academic research.

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Agents Buyers Sellers Real Estate 362

Appraisal Buzz

NOVEMBER 13, 2024

The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. Notably, 63% of first-time buyers were surprised by the cost. It was noted that 79% of buyers compromised on at least one priority. Among Gen Z, 49% exceeded their budget—over 1.5

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

APRIL 1, 2025

NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market. The data reflects shifting financial dynamics, as older buyers particularly boomers are increasingly purchasing homes outright with cash.

Real Estate Agent 437

Real Estate Agent Buyers Sellers Real Estate 437

Housing Wire

OCTOBER 29, 2024

Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. Despite the initial concerns, many industry professionals say first-time buyers are currently faring no worse than other buyers — for now, at least.

Marketing 448

Marketing Real Estate Sellers Buyers 448

Housing Wire

APRIL 21, 2025

home sellers offered concessions to buyers in near-record numbers during the first quarter of 2025 as rising housing costs , high mortgage rates and growing economic uncertainty continued to reshape the real estate landscape. Seller are turning to concessions more frequently as buyers grow more cautious. Thats up from 39.3%

Sellers 392

Sellers HOA Buyers Real Estate 392

Housing Wire

APRIL 14, 2025

In every housing market, every lender , originator, mortgage broker , or loan officer should endeavor to understand their buyer pool. Soaring price tags and higher than desired mortgage rates have been a thorn in the side for buyers, as these two factors have prevented many from becoming homeowners in recent years.

Buyers 394

Buyers Technology Loan Officers Housing Market 394

Housing Wire

MARCH 3, 2025

Home staging is your chance to transform a property into a home that buyers cant wait to get their hands on. Buyers want to be able to see how a home will work for them. The best home staging tips help you create a welcoming environment that will make buyers feel right at home. Why is home staging important?

Real Estate Agent 420

Real Estate Agent Real Estate Agents Modernization 420

Housing Wire

NOVEMBER 21, 2024

Curb appeal sets the tone for potential buyers before they even step inside, shaping how welcoming and well-maintained a property feels. With just a few thoughtful updates, you can make your listing stand out and leave a lasting impression on buyers and even turn nearby neighbors into clients.

Decorating 370

Decorating Buyers Modernization Real Estate 370

Housing Wire

DECEMBER 3, 2024

Once the process starts, nearly half of home buyers report shedding tears at some point. Fortunately, home buying doesn’t have to remain confusing for new buyers. Zillow offers a robust monthly cost calculator to help prospective buyers budget for monthly payments. How much home can I afford?

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Tools Finance HOA Property Taxes 397

Housing Wire

OCTOBER 24, 2024

That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. But some segments of pre-foreclosure buyers are purchasing at much bigger discounts. Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

Retail 448

Retail Buyers Renovations Finance 448

Housing Wire

NOVEMBER 20, 2024

home seller paid a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January. At the end of October, the narrative changed; Redfin reported that commissions paid to real estate agents representing buyers remained essentially unchanged.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Sellers 476

Appraisal Buzz

MARCH 31, 2025

We think mortgage rates will move even lower within the next quarter and ultimately close the year at approximately 6.3%, which could be low enough to generate some extra sales from any would-be buyers still waiting on the sidelines. However, many prospective buyers remain on the sidelines, as Zillow has found the average U.S.

Mortgage 435

Mortgage Buyers Home Value Inventory 435

Housing Wire

OCTOBER 15, 2024

17 deadline, much of the industry concern was over how home buyers and sellers would react. Would sellers suddenly stop offering buyer’s agent compensation? Would buyers refuse to sign buyer agency agreements and ultimately decide to go unrepresented? Approaching the Aug.

Real Estate 448

Real Estate Brokerage Sellers Agents 448

Appraisal Buzz

APRIL 1, 2025

According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Generation X buyers (ages 4559) held steady at 24% of their share.

Real Estate Agent 359

Real Estate Agent Sellers Buyers Agents 359

Housing Wire

APRIL 18, 2025

The cost of upgrades One of the biggest mistakes buyers make is underestimating the cost of upgrades. Buyers often assume what they see in the model home is what they will get, however, model homes are designed to showcase high-end upgrades. Buyers should ensure they have direct access to their building superintendent to stay informed.

Construction 315

Construction Realtors Logistics Buyers 315

Housing Wire

OCTOBER 25, 2024

The for-sale market, on the other hand, is offering opportunities for buyers heading into the fall, with more than 1 in 4 sellers cutting prices. With inventory up 22% compared to a year ago, buyers are gaining bargaining power. The typical rent is 3.4% Zillow Home Loans’s Buyability tool is a great way to kick off that conversation.

Inventory 476

Inventory Buyers Mortgage Tools 476

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It In other words, if a buyer can sell their home in a specific timeline, the contingency is pulled and the buyer can purchase the property.

Mortgage 448

Mortgage Buyers Contracts Finance 448

Housing Wire

JANUARY 30, 2025

However, with mortgage rates rising in December and pushing above 7% in January, buyers and sellers are hesitant. “There remains significant pent-up demand in the housing market, but what could bring more home buyers out in the near-term? The most obvious factor that would draw buyers into the market is a drop in mortgage rates.

Contracts 435

Contracts Housing Market Buyers Realtors 435

Housing Wire

OCTOBER 23, 2024

While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices. Moderating home price increases are welcome news for home buyers,” Yun said. In September, the median sales price for an existing home was $404,500, up 3% from a year ago.

Inventory 464

Inventory Realtors Buyers Real Estate 464

Housing Wire

MARCH 3, 2025

Buyers, on the other hand, view earnouts as a risk mitigation tool to avoid paying too much, particularly if there is uncertainty regarding future performance of the business. Earnouts are contingent payments based on Buyer achieving future financial targets that may never happen.

Mortgage 413

Mortgage Sellers Buyers Business 413

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” There is no doubt that buyers will experience several highs and lows during the course of the year. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

OCTOBER 29, 2024

In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. Stockberger: It’s very omnipresent.

Real Estate 459

Real Estate Clients Agents Sellers 459

Housing Wire

FEBRUARY 5, 2025

The companys proprietary data showed that the volume of homes sold at auction to third-party buyers and those repossessed by the foreclosing lender as real estate-owned (REO) declined 3% between the third and fourth quarter of 2024. But these ratios vary significantly across local markets. Conversely, Minneapolis, Detroit, St.

Retail 417

Retail Renovations Buyers Finance 417

Housing Wire

JANUARY 9, 2025

On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. I would say there are more buyers out there now than there were pre-pandemic when the rates were lower. Data from Altos Research supports Feinsteins observations. as of Jan. 6, compared to a score of 44.64 a year ago.

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Appraisal Buzz

DECEMBER 16, 2024

When I explain to buyers that they can get more bang for their buck and lower flood risk a little further inland, they often tell me, Rafael, we came to Florida for the waterfront views. This gives buyers leverage when theyre negotiating with other insurers. That compares 59.2% That compares 59.2% of homes face high flood risk and 35.7%

HOA 392

HOA Insurance Buyers Property Taxes 392

Housing Wire

MARCH 4, 2025

First-time buyers represented 61% of all mortgage offers on the LendingTree platform in 2024. The company also reported that these buyers tend to have lower credit scores, down payments and loan sizes than repeat buyers. First-time buyers dont have that problem.

Mortgage 479

Mortgage Contracts Buyers Housing Market 479

Appraisal Buzz

MARCH 11, 2025

As buyers become serious about property looking before their summer vacation and the start of the new school year in the fall, search traffic usually peaks before Memorial Day. Sellers can list their house when the most buyers are seeking by focusing on late spring. Homes listed in the final two weeks of May sold for 1.6%

Sellers 393

Sellers Buyers Inventory Housing Market 393

Appraisal Buzz

OCTOBER 25, 2024

housing market is showing signs of relief for buyers, as home prices drop in more than half of the largest metropolitan areas. Key Markets Experiencing Price Declines Several major cities across the country are experiencing a drop in median home prices, a welcome change for buyers facing years of affordability challenges.

Buyers 368

Buyers Housing Market Construction Real Estate 368

Appraisal Buzz

NOVEMBER 25, 2024

More inventory should shake loose in 2025, giving buyers a bit more room to breathe. But since then, they have climbed back to nearly 7%, changing the affordability picture for home buyers. Mortgage rates fell in September, briefly bringing the share of affordable listings to a 19-month high.

Housing Market 365

Housing Market Marketing Buyers Construction 365