Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

Contracts 369

Contracts Inventory Housing Market Realtors 369

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. Are your buyers being more proactive than you are?

Real Estate Agent 420

Real Estate Agent Buyers Real Estate Clients 420

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.” In-contract deals rose 0.7% from February 2022. decline from a year ago.

Contracts 306

Contracts Realtors Home Value Housing Market 306

Housing Wire

SEPTEMBER 7, 2023

However, high home prices and growing affordability challenges are the two factors weighing on prospective home buyers, said Sturtevant. She expects a market contraction this fall in the housing sector.

Housing Market 450

Housing Market Mortgage Marketing Contracts 450

Housing Wire

MARCH 20, 2024

NAR’s proposed settlement – which still needs court approval – includes several rule changes, including a new requirement that buyer agents to enter into a written buyer broker agreement with clients. “We do not have long-term contracts with many of our real estate partners,” the materials read.

Investors 457

Investors Agents Real Estate Buyers 457

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients.

Clients 431

Clients Real Estate Inspection Buyers 431

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. Despite the decline in home price growth and projections of rates dropping, affordability challenges are expected to continue to weigh on buyers.

Loan Officers 370

Loan Officers Buyers Contracts Mortgage 370

Housing Wire

FEBRUARY 1, 2023

Both trends will help some buyers regain purchasing power,” said Kan. said buyers are tired of waiting for lower prices and rates. The average contract interest rate for 5/1 ARMs decreased to 5.38% last week, down from 5.44% the previous week. “Most listings are dilapidated homes or new constructions,” he said.

Mortgage 382

Mortgage Marketing Loan Officers Contracts 382

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. “Expected home sales growth this year is still likely to be driven by first-time buyers, spurred by millennials reaching peak first-time homebuyer age,” Kan said.

Mortgage 479

Mortgage Government Buyers Contracts 479

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. An index of 100 is equal to the level of contract activity in 2001. The NAR attributes this to the rising costs of land and construction materials. “In After posting a 2.5%

Housing Market 432

Housing Market Realtors Contracts Buyers 432

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” On the flip side, newly constructed home sales are forecast to increase 12.3% in 2023, settling at 4.38

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

FEBRUARY 18, 2022

Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. Homes went under contract in just 19 days on average, down from 21 a year ago. That translates to just 1.6 “While the 6.7

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

Housing Wire

JULY 26, 2021

They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Home buyers like my mother and father outside the U.S. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. An additional $6,400.

Real Estate Agent 384

Real Estate Agent Real Estate Sellers Legal 384

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1% All four U.S.

Supply Chain 421

Supply Chain Inventory Buyers Realtors 421

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? Home buyers are teed up and ready to write…once something decent pops.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. “We have just started to see buyer demand pick up in recent months, so any disruption to the positive momentum would be a major setback for the industry.”

Mortgage 384

Mortgage Inventory Retail Housing Market 384

Eppraisal

MAY 6, 2022

Nowadays, new construction homes are being built year-round. As Spring is in full swing around the country, new construction landscaping has begun for those who've moved into homes during the winter months. Make sure the details are clearly stated on your sales contract. Some just sod the front and seed the back.

Construction 36

Construction Contracts Home Value Buyers 36

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Tables have turned for some sellers.

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 324

Real Estate Brokerage Buyers Property Management 324

Zillow

JANUARY 23, 2018

Buying new construction seems simple, right? Having your own agent provides a sense of security," says Seattle-area homeowner Kristy Weaver, who has bought two new construction homes from two different builders. "It An experienced buyer's agent can help you navigate all of these sticky situations. Not so fast.

Construction 36

Construction Agents Buyers Real Estate Agent 36

Miller Samuel

MAY 4, 2019

The introduction of supertalls to the skyline has provided never before expansive views to the buyers. I was asked by the New York Post to provide a snapshot of this submarket.

Contracts 243

Contracts Brokerage Development Real Estate 243

Housing Wire

DECEMBER 20, 2022

“The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. .

Mortgage 410

Mortgage Housing Market Retail Contracts 410

Housing Wire

AUGUST 18, 2023

How would it compare in the eyes of the buyer? New construction in the area that competes with your potential listing Remember when builders provide in-house financing, they often can sell a more expensive home for the same payment as your resale. Know what’s going on with the new construction! What happens if it doesn’t sell?

Sellers 370

Sellers Construction Real Estate Finance 370

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

McKissock

JULY 26, 2022

As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Constructing a real estate offer is an art. Competing with other buyers. Making an offer.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Housing Wire

DECEMBER 29, 2021

But what they do need is for the realtors that have buyers to have the complete and accurate information about their homes. So that those agents will bring their buyer to the builder. HousingWire : Now, at the point of contract where an agent or consumer sees a home entered by HomesUSA, what happens next?

Realtors 390

Realtors Real Estate Agent Agents Real Estate 390

Hood Homes Blog

SEPTEMBER 21, 2018

The builder’s rep already preapproved you with their lender and has a contract out ready for you to sign. Thirdly, your agent can test whether or not buying a new construction is really best for you and your needs. These are often homes that are going to have the comfort and updates of a newer construction but at a resale price!

Contracts 36

Contracts Construction Agents Legal 36

Raleigh Realty

FEBRUARY 19, 2022

Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

GoForrmz

OCTOBER 26, 2022

From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. Whether you’re searching for forms for construction , property management, home services, buying, or selling, we’re here to help. This means more competition at faster rates than ever before. That’s where we come in.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 466

Construction Housing Market Inventory Buyers 466

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In most cases, if a home buyer is getting a mortgage, an appraisal will be completed. The appraiser represents the interests of the home buyer's lender.

Inspection 52

Inspection Appraisal Buyers Sellers 52

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. to 7% range for mortgage rates and anticipated fluctuations will significantly impact buyer affordability and demand. percent from 6.93

Appraisal 76

Appraisal Contracts Business Construction 76

Raleigh Realty

JULY 31, 2022

If you are a first-time home buyer try not to freak out because this is why you hired a home inspector, to find the issues with the home This gives the buyers an opportunity to negotiate some reasonable requests before purchasing the home. Some requests will be mandatory fixes or the buyer will choose to find another home.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

The Robert Weiler Company

SEPTEMBER 9, 2022

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. The loan is structured for the buyer to pay a down payment and repay the seller in installments.

Real Estate 78

Real Estate Buyers Contracts Development 78

Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? The difference between what buyers are likely to pay for those improvements and the cost to replace them, less the land, is the depreciated cost of the improvements. USPAP and the Contract – Tim Andersen, The Appraiser’s Advocate Podcast.

Appraisal 279

Appraisal Development Market Value Tenants 279

Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. There are more buyers waiving due diligence and purchasing homes "as is" than ever before. The buyer is spending money and possibly losing the deal.

Inspection 52

Inspection Buyers Real Estate Sellers 52