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

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 222
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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?

Buyers 429

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

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

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

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

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 377

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 329

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

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

Higher Mortgage Rates Boost Buyer Urgency

Appraisal Buzz

The asking … The post Higher Mortgage Rates Boost Buyer Urgency appeared first on DSNews. The post Higher Mortgage Rates Boost Buyer Urgency appeared first on Appraisal Buzz.

Buyers 195

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

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 145

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.

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

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.

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

Housing starts are rising, despite cost to buyers

Housing Wire

“New construction has typically been a good option for buyers who don’t want to deal with bidding wars because builders don’t usually set deadlines for offers,” Miller said.

Buyers 382

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 288

Housing inventory is down 40%. Buyers are paying the price

Housing Wire

Buyers who were fortunate enough to snag an available single-family home – new listings are down 46% from a year ago – paid a premium. Buyers are paying the price appeared first on HousingWire.

Price Drops Indicate Increasing Buyer/Seller Balance

Appraisal Buzz

The post Price Drops Indicate Increasing Buyer/Seller Balance appeared first on theMReport.com. The post Price Drops Indicate Increasing Buyer/Seller Balance appeared first on Appraisal Buzz.

Threat of climate change looms large for some home buyers

Housing Wire

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.

Buyers 393

High home prices erase home-buyers’ increased purchasing power

Housing Wire

Home-buyer purchasing power increased 6.9% year over year in July, this home-buyer purchasing power is essentially canceled out, data from Redfin shows. of homes nationwide were affordable for a buyer with that budget, down from 71.9%

Buyers 428

Redfin: Over half of buyers are going above asking price

Housing Wire

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. But that’s not slowing down buyers. The post Redfin: Over half of buyers are going above asking price appeared first on HousingWire.

Buyers 364

A ‘Welcome Sign for Frustrated Buyers’

Appraisal Buzz

The post A ‘Welcome Sign for Frustrated Buyers’ appeared first on theMReport.com. The post A ‘Welcome Sign for Frustrated Buyers’ appeared first on Appraisal Buzz.

Buyers 195

North Carolina’s low home prices luring buyers

Housing Wire

Kirk West, a broker for West and Woodall Real Estate in Durham, said the sheer number of buyers willing to purchase a house sight-unseen has stood out to him since the pandemic started. The post North Carolina’s low home prices luring buyers appeared first on HousingWire.

Buyers 371

Buyer Fatigue Pushing Down Homebuyer Interest

Appraisal Buzz

The post Buyer Fatigue Pushing Down Homebuyer Interest appeared first on DSNews. The post Buyer Fatigue Pushing Down Homebuyer Interest appeared first on Appraisal Buzz.

Buyers 195

Prospective Buyers Continue to Turn into Active Buyers

Eyes on Housing

This share of active buyers has increased for six straight quarters, a trend that began after the final quarter of 2019 when it stood at 43%.

Buyers 149

Fannie Mae: buyer, seller confidence should rise soon

Housing Wire

The post Fannie Mae: buyer, seller confidence should rise soon appeared first on HousingWire. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, fell 1.2 points in February.

Rising Silicon Valley home prices aren’t deterring buyers

Housing Wire

“You’ve got a lot of young buyers — the millennial wave — that are looking to buy in San Jose, because they work at LinkedIn, Google, or Apple, which are all in this area,” Wellman said.

Buyers 352

Many Buyers are Relocating to Low-Tax States

Appraisal Buzz

The post Many Buyers are Relocating to Low-Tax States appeared first on theMReport.com. The post Many Buyers are Relocating to Low-Tax States appeared first on Appraisal Buzz.

Buyers 286

Supply and Demand Instability Creating Barriers for Buyers

Appraisal Buzz

The post Supply and Demand Instability Creating Barriers for Buyers appeared first on theMReport.com. The post Supply and Demand Instability Creating Barriers for Buyers appeared first on Appraisal Buzz.

Buyers 195

47% of Home Buyers Want an Exercise Room

Eyes on Housing

NAHB’s latest survey on consumer preferences – What Home Buyers Really Want – asked recent and prospective buyers about the desirability of an exercise room in the home. Results show that 47% of buyers rate an exercise room essential or desirable.

Buyers 161

Buyers Looking To Get Into New Homes Pay a Premium

Appraisal Buzz

While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Buyers Looking To Get Into New Homes Pay a Premium appeared first on DSNews.

Buyers 195

Buyers Looking To Get Into New Homes Pay a Premium

Appraisal Buzz

While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low inventory have pushed those who can afford it to seek newly or custom-built homes instead of … The post Buyers Looking To Get Into New Homes Pay a Premium appeared first on DSNews.

Buyers 195

Condo sales rebound as buyers snatch up deals

Housing Wire

Condos sales are rebounding because buyers are finding great deals,” said Redfin’s Chief Economist Daryl Fairweather. The post Condo sales rebound as buyers snatch up deals appeared first on HousingWire. A new report from Redfin revealed that condo sales rose 22.7%

Buyers 386

More Millennial Homeowners Experiencing Buyer’s Remorse

Appraisal Buzz

The post More Millennial Homeowners Experiencing Buyer’s Remorse appeared first on DSNews. The post More Millennial Homeowners Experiencing Buyer’s Remorse appeared first on Appraisal Buzz.

Buyers 195

Prospective Buyers Cite Down Payment, High Prices as Barriers

Appraisal Buzz

Buying a home is typically the largest purchase one makes in their lifetime and new data from Bank of America shows that the locations and feelings of family are a huge factor for first-time buyers looking to get into the market.

Buyers 195

Out-of-state buyers take on local renters in Manchester, NH

Housing Wire

I have been getting buyers from Ohio, California and all over.”. The city’s one-hour commute to Boston has long made it appealing to out-of-state buyers looking to save some money. For local buyers, many of whom are first-time homebuyers, this has resulted in serious competition.

Buyers 344

Homes are selling well over listing prices as buyers compete against each other

Housing Wire

But even though home prices are at record highs , buyers are still in the market. A buyer in Austin, Texas paid $1 million over a home’s listing price. According to the founder of The Agency Texas, Thomas Brown , the buyer was bidding for a home against multiple offers.

Buyers 382

Home prices are still rising, but relief for buyers is coming

Housing Wire

But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings.

Buyers 407

Homes Continue to Outprice Millennial and First-Time Buyers

Appraisal Buzz

The post Homes Continue to Outprice Millennial and First-Time Buyers appeared first on DSNews. The post Homes Continue to Outprice Millennial and First-Time Buyers appeared first on Appraisal Buzz.

Buyers 195