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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. MORE
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. MORE
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% MORE
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. MORE
“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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
“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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
“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. MORE
Previous posts reported on home buyer preferences for kitchen and bath features, from NAHB’s recent study What Home Buyers Really Want, 2021 Edition. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
“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. MORE
“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. MORE
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. MORE
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. MORE
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? MORE
This increase marks the fifth consecutive year-over-year gain in the share of prospective buyers who have become active buyers. MORE
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. MORE
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. MORE
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% MORE
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. MORE
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. MORE
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%. MORE
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. MORE
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. MORE
Buyers Related Topics Housing Wire
JULY 27, 2021
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.
Cleveland Appraisal Blog
AUGUST 6, 2021
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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Housing Wire
JANUARY 4, 2021
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?
Housing Wire
AUGUST 9, 2021
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.
Housing Wire
JULY 21, 2021
“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.
Appraisal Buzz
NOVEMBER 19, 2021
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.
Appraisal Buzz
SEPTEMBER 15, 2021
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.
Housing Wire
SEPTEMBER 17, 2021
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.
Housing Wire
OCTOBER 21, 2021
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.
Housing Wire
JULY 16, 2021
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.
Eyes on Housing
JUNE 30, 2021
Previous posts reported on home buyer preferences for kitchen and bath features, from NAHB’s recent study What Home Buyers Really Want, 2021 Edition.
Appraisal Buzz
NOVEMBER 8, 2021
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.
Appraisal Buzz
JULY 21, 2021
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
Eyes on Housing
MAY 7, 2021
This increase marks the fifth consecutive year-over-year gain in the share of prospective buyers who have become active buyers.
Appraisal Buzz
AUGUST 10, 2021
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.
Housing Wire
MARCH 18, 2021
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.
Housing Wire
APRIL 13, 2021
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.
Housing Wire
APRIL 8, 2021
“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.
Housing Wire
APRIL 30, 2021
“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.
Sacramento Appraisal Blog
MAY 5, 2021
“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.
Housing Wire
APRIL 5, 2021
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.
Appraisal Buzz
AUGUST 20, 2021
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.
Housing Wire
APRIL 5, 2021
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.
Housing Wire
SEPTEMBER 3, 2020
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%
Housing Wire
MAY 28, 2021
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.
Appraisal Buzz
JULY 19, 2021
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.
Housing Wire
APRIL 22, 2021
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.
Appraisal Buzz
JULY 13, 2021
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.
Eyes on Housing
JULY 30, 2021
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%.
Housing Wire
MARCH 8, 2021
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.
Housing Wire
MAY 28, 2021
“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.
Appraisal Buzz
MAY 18, 2021
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.
Appraisal Buzz
NOVEMBER 2, 2021
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.
Eyes on Housing
MAY 11, 2021
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.
Appraisal Buzz
OCTOBER 28, 2021
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.
Appraisal Buzz
OCTOBER 28, 2021
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.
Housing Wire
NOVEMBER 30, 2020
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%
Appraisal Buzz
MAY 17, 2021
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.
Appraisal Buzz
OCTOBER 22, 2021
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.
Housing Wire
OCTOBER 13, 2021
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.
Housing Wire
JULY 9, 2021
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.
Housing Wire
AUGUST 3, 2021
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.
Appraisal Buzz
SEPTEMBER 30, 2021
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.
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