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.

Buyers 329

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.

Buyers 311
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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.

Buyers 171

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?

Buyers 429

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.

Buyers 227

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.

Buyers 294

Gen Z Buyers Represent a ‘Growing Splash’

Appraisal Buzz

Generation Z, born between 1997-2012 and now aged 18-24, is beginning to see its first wave of homebuyers and by all available data, … The post Gen Z Buyers Represent a ‘Growing Splash’ appeared first on DSNews. The post Gen Z Buyers Represent a ‘Growing Splash’ appeared first on Appraisal Buzz.

Buyers 150

Soaring home prices are spooking buyers

Housing Wire

The post Soaring home prices are spooking buyers appeared first on HousingWire. Home purchase sentiment dropped 3.9 points to 75.8 in July as concerns about high home prices continued to scare off prospective homebuyers.

Buyers 390

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.

Buyers 150

Despite queue of buyers, homebuilder sentiment drops again

Housing Wire

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

Buyers 328

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.

Buyers showing renewed interest in condos

Housing Wire

“Many buyers who have been priced out of the market for single-family homes have turned to condos,” Fairweather said. “Earlier in the pandemic, many buyers shunned small condos in favor of large detached homes with space for offices and homeschooling.

Buyers 371

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.

Buyers 164

Rising Rates Create Stressful Environment for Buyers

Appraisal Buzz

New housing inventory remained negative in the month of April, leading to even more affordability issues for many prospective buyers. After a … The post Rising Rates Create Stressful Environment for Buyers appeared first on DSNews. The post Rising Rates Create Stressful Environment for Buyers appeared first on Appraisal Buzz. HouseCanary, Inc.

Buyers 150

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.

Buyers 195

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.

Agents 195

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.

Buyers 171

Buyers Secure Homes with Cash Offers

Appraisal Buzz

Waiving the financing contingency and conducting a pre-inspection, both … The post Buyers Secure Homes with Cash Offers appeared first on theMReport.com. The post Buyers Secure Homes with Cash Offers appeared first on Appraisal Buzz.

Buyers 195

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.

Buyers 195

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.

Buyers 195

Cash buyers are scooping up homes like mad

Housing Wire

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. “I just sold a $700,000 home to a cash buyer last week.

Buyers 428

Rise in Rates Further Pressuring Potential Home Buyers

Appraisal Buzz

Mortgage rates have risen once again, further widening the gap many prospective buyers are attempting to overcome to attain the American Dream. The post Rise in Rates Further Pressuring Potential Home Buyers appeared first on theMReport.com. The post Rise in Rates Further Pressuring Potential Home Buyers appeared first on Appraisal Buzz.

Buyers 150

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.

Buyers 195

Bidding wars – the scourge of buyers – slowed in August

Housing Wire

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited.

Buyers 373

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

Buyers 150

First-Time Buyers Continue to Feel the Squeeze

Appraisal Buzz

The post First-Time Buyers Continue to Feel the Squeeze appeared first on DSNews. The post First-Time Buyers Continue to Feel the Squeeze appeared first on Appraisal Buzz.

Buyers 195

Buyers are overpaying, but are there signs of a bubble?

Housing Wire

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. “Buyers outnumber sellers by such a huge margin that many homeowners are staying put because they know how hard it would be to find a place to move to.

Buyers 428

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.

Buyers 143

Redfin allows buyers to tour homes without an agent

Housing Wire

Homeowners are able to track tours and buyer feedback on their home through the Redfin Owner Dashboard. When an ADT outfitted home is purchased through Redfin, the buyer keeps the pre-installed smart lock, ADT security panel, and sensors, which are valued at $899. Homebuyers in 22 U.S.

Agents 336

Inflation Impeding Prospective Home Buyers and Sellers

Appraisal Buzz

The post Inflation Impeding Prospective Home Buyers and Sellers appeared first on theMReport.com. The post Inflation Impeding Prospective Home Buyers and Sellers appeared first on Appraisal Buzz.

Home Buyer Demand Hits Peak Levels

Appraisal Buzz

At a time of the year when the market generally cools, home buyers are looking to land the home of their dreams among an ever-shrinking supply. The post Home Buyer Demand Hits Peak Levels appeared first on theMReport.com.

Buyers 195

In the Kitchen, First-Time Buyers Really Want Double Sinks and Pantries

Eyes on Housing

Much like other home buyers, those buying their first homes rate double sinks and walk-in pantries as the most popular of 30 kitchen features listed in the recent NAHB study, What Home Buyers Really Want, 2021 Edition.

Buyers 132

Buyer Demand Slips, Showing Signs of Market Cooldown

Appraisal Buzz

An estimated 1 in 8 sellers cut their list prices during the four weeks … The post Buyer Demand Slips, Showing Signs of Market Cooldown appeared first on theMReport.com. The post Buyer Demand Slips, Showing Signs of Market Cooldown appeared first on Appraisal Buzz.

Buyers 195

Working with buyers in the nation’s hottest housing market

Housing Wire

If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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.

Looser mortgage credit may give first-time buyers a chance

Housing Wire

“As we look ahead to the expected growth in the purchase market, which will be driven by millennials and first-time home buyers, credit availability to qualified borrowers will play an important role in supporting this demand,” said Kan.

Buyers 412

More Buyers Look to Relocate to Save Money

Appraisal Buzz

Buyers are exploring more options to find additional money in their budget due to intensifying cost pressures which is resulting in increased interest in buyers relocating to a different area. of prospective buyers viewed home listings located outside of their current state, … The post More Buyers Look to Relocate to Save Money appeared first on DSNews. The post More Buyers Look to Relocate to Save Money appeared first on Appraisal Buzz.

Buyers 150

Buyers Are Searching for Affordable Homes, Where Are They Going?

Appraisal Buzz

Buyers are exploring more options to find additional money in their budget due to intensifying cost pressures which is resulting in increased interest in buyers relocating to a different area. of prospective buyers viewed home listings located outside of their current state, … The post Buyers Are Searching for Affordable Homes, Where Are They Going? The post Buyers Are Searching for Affordable Homes, Where Are They Going?

Buyers 150

Climate migration driving more buyers to Burlington, VT

Housing Wire

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers.

Buyers 307

Buyers Feeling Grim About Housing Affordability

Eyes on Housing

Buyers’ expectations for housing affordability continue to sour. At its lowest point in the 4th quarter of 2020, 63% of buyers expected to afford <50% of the homes available.

Buyers 126