Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

Agents 397

Agents Buyers Real Estate Loan Officers 397

Housing Wire

SEPTEMBER 5, 2023

Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same. Do you specialize in helping first-time buyers and sellers, or are you leaning towards working with real estate investors ? Here are 11 tips to make these workshops more effective. They cross-promote the event.

Real Estate 428

Real Estate Sellers Buyers Mortgage 428

Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. While Bright MLS, which serves clients in Delaware, Pennsylvania, Maryland, Virginia, New Jersey, Washington, D.C.,

Buyers 370

Buyers Real Estate Realtors Sellers 370

Housing Wire

JULY 17, 2023

Buyers and sellers alike must learn to navigate these uncharted waters. Buyers aren’t willing to value companies at that level in this market, nor should they. While it’s fun to dream, the reality is that buyers are not looking to expend operating capital for major purchases. Conversations are being had and deals are being made.

Real Estate 344

Real Estate Buyers Brokerage Sellers 344

Sacramento Appraisal Blog

JUNE 6, 2022

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…). I hope you enjoy, whether you’re local or not.

Real Estate 481

Real Estate Buyers Sellers Marketing 481

Sacramento Appraisal Blog

JULY 18, 2022

Buyers are gaining power. 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. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […].

Sellers 495

Sellers Buyers Real Estate Agent Real Estate 495

Housing Wire

AUGUST 22, 2023

Average mortgage rates rose by about a half percentage point in May and June, pricing some buyers out and limiting closed sales in July. Despite market pressures, however, Zillow Senior Economist Jeff Tucker suggested that price trends are “swinging the pendulum of negotiating power back in favor of those buyers who remain in the hunt.”

Buyers 316

Buyers Mortgage Realtors Inventory 316

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 482

Buyers Mortgage Marketing Sellers 482

Housing Wire

JULY 28, 2023

Buyers searching for starter homes in today’s market are on a wild goose chase because in many parts of the country, there’s no such thing as a starter home anymore,” said Redfin Senior Economist Sheharyar Bokhari. Austin buyers must earn $92,000, down 3.3% year over year, and Phoenix buyers must earn $86,100, down about 1%.

Buyers 370

Buyers Mortgage Real Estate Housing Market 370

Housing Wire

AUGUST 10, 2023

A little over a month after filing an agreement in one of the ongoing buyer broker commission lawsuits, New England’s largest multiple listing service (MLS), MLS Property Information Network (MLS PIN)’s attempt to settle the Nosalek case, has hit a snag. However, unlike Moehrl and Burnett , NAR is not named as a defendant.

Buyers 308

Buyers Realtors Real Estate Agents 308

Housing Wire

NOVEMBER 16, 2022

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. To bring in more buyers, 59% of builders surveyed reported using incentives.

Buyers 545

Buyers Mortgage Real Estate Housing Market 545

Housing Wire

AUGUST 10, 2023

Wells Fargo rolled out a down payment grant program that will offer $10,000 to eligible buyers or homeowners who currently live in or are purchasing homes in underserved communities in eight metropolitan areas. Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream.

Buyers 370

Buyers Mortgage Lending Finance 370

Sacramento Appraisal Blog

AUGUST 1, 2022

Buyers aren’t having to make aggressive offers like they used to (even when there are multiple offers). Let’s talk about this today. I suspect this is true in many areas across the country. I’d love to hear your take. UPCOMING (PUBLIC) SPEAKING GIGS: 8/11/22 Realtist Lunch & Learn (sign up here (open to […].

Buyers 407

Buyers Housing Market Appraisal Inventory 407

Housing Wire

JULY 21, 2022

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. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

Housing Market 411

Housing Market Buyers Real Estate Marketing 411

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. trillion in loans, about half of 2021’s $4.4 trillion to $1.7

Mortgage 416

Mortgage Buyers Sellers Loan Officers 416

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. That’s often good news for financed buyers because it means fewer bids to compete with.”

Buyers 545

Buyers Real Estate Agent Real Estate Housing Market 545

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. Foreign buyers who resided in the U.S. International buyers accounted for 2.8% billion worth of U.S. residential real estate.

Buyers 388

Buyers Real Estate Realtors Investing 388

Appraisal Buzz

APRIL 11, 2022

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. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

Buyers 370

Buyers Renovations Real Estate Mortgage 370

Sacramento Appraisal Blog

SEPTEMBER 9, 2022

And some buyers are stuck in the future, […]. Well, I can’t help but think of today’s housing market compared to the film. Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now.

Housing Market 422

Housing Market Sellers Buyers Marketing 422

Housing Wire

MAY 17, 2023

” Incenter Diligence’s due diligence team creates a tailored review scope for each buyer or seller based on factors such as seasoning, geography, performance, and other key portfolio attributes. “Buyers and sellers need a diligence firm that can customize reporting in a timely manner.

Sellers 350

Sellers Buyers Mortgage Inventory 350

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes.

Buyers 430

Buyers Inventory Realtors Open Houses 430

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” Homebuying activity remains tepid, but if rates continue to fall and home prices cool further, we expect to see potential buyers come back into the market.

Mortgage 487

Mortgage Buyers Real Estate Agent Real Estate 487

Housing Wire

APRIL 14, 2023

The benefits of homeownership only accrue if first-time buyers can both successfully purchase a home at a reasonable price and remain in it for the long-term, weathering various economic cycles. However, buyers are contending with rising interest rates , high home prices and constrained inventory. Mortgage Insurers.

Buyers 348

Buyers Finance Mortgage Insurance 348

Housing Wire

FEBRUARY 1, 2023

While mortgage rates have been trending lower, rates are still higher than 12 months ago, but some experts anticipate that the downward pressure on rates will provide opportunities for buyers. For the buyer of a median-priced home, these lower prices translate into a $9,800 savings on a 20% down payment.

Mortgage 387

Mortgage Buyers Landlords Realtors 387

Housing Wire

MARCH 16, 2022

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. The component tracking traffic of prospective buyers, however, rose two points to 67.

Buyers 395

Buyers Supply Chain Inventory Housing Market 395

Housing Wire

OCTOBER 20, 2022

A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace. Price Correction Risk by Region.

Housing Market 435

Housing Market Buyers Real Estate Marketing 435

Housing Wire

SEPTEMBER 30, 2022

It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. Some buyers are giving low ball offers in the hope of having their offers accepted,” one mortgage broker/owner in Southern California told HousingWire.

Mortgage 468

Mortgage Buyers Loan Officers Realtors 468

Housing Wire

SEPTEMBER 19, 2022

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. For 21% of respondents, however, “nothing” had improved.

Buyers 388

Buyers Mortgage Housing Market Marketing 388

Inman

SEPTEMBER 18, 2023

Some luxury real estate agents might be mystified that their Chinese buyers don’t want a home situated right beside a scenic lake or river. After all, she’s been representing luxury buyers in Asian markets for more than 12 years.

Buyers 170

Buyers Real Estate Agent Real Estate Realty 170

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. The national average of home prices rose 14.4%

Buyers 545

Buyers Mortgage Sellers Appraisal 545

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. In August, 58.8% and Salt Lake City at 68.1% and 35.7%, respectively.

Buyers 450

Buyers Real Estate Agent Real Estate Agents 450

Housing Wire

JUNE 23, 2022

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.

Buyers 365

Buyers Mortgage Real Estate Investors 365

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. “Low of homes nationwide were affordable for a buyer with that budget, down from 71.9% But with home prices up 8.2% This July, only 70.6%

Buyers 538

Buyers Mortgage Inventory Marketing 538

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. Either way, it puts the squeeze on property valuation.

Housing Market 535

Housing Market Buyers Appraisal Real Estate Agent 535

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.

Buyers 441

Buyers Contracts New Listings Marketing 441

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. The often hyperlocal nature of ADU permitting can act as a deterrent to potential ADU buyers, who lack the expertise (or the time and energy) to navigate the regulatory maze. But the pandemic is now over and interest rates are way up.

Buyers 353

Buyers Real Estate Real Estate Agent Construction 353

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. We need these two things in order for buyers to have more choices and more reasonable price growth. ” However, the U.S.

Buyers 460

Buyers Mortgage Housing Market Construction 460