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 414

Supply Chain Inventory Buyers Realtors 414

Housing Wire

FEBRUARY 18, 2022

annually to $350,000, according to the Friday report from the National Association of Realtors. 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. January sales fell 2.3% from a year ago.

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. Tables have turned for some sellers.

Mortgage 404

Mortgage Sellers Contracts Buyers 404

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 318

Real Estate Brokerage Buyers Property Management 318

Birmingham Appraisal

APRIL 11, 2023

In today’s market where so much information is available online, it’s important to put in the research upfront when pricing a home because we know buyers do and they will know when a listing is overpriced. Today I’m going to share my top tips for choosing comps from an appraiser’s perspective.

Realtors 85

Realtors Bracketing Agents Buyers 85

Housing Wire

DECEMBER 29, 2021

Ben Caballero : Our service supports builders, sales, their marketing and then management as it relates to marketing their homes to realtors. What builders don’t need is a realtor to list their homes in a traditional way. So that those agents will bring their buyer to the builder. I never talk to a buyer.

Realtors 373

Realtors Real Estate Agent Agents Real Estate 373

Raleigh Realty

FEBRUARY 19, 2022

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. What is the average price of sold homes in your area?

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

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

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

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

Hood Homes Blog

MAY 6, 2018

Work with a Realtor to avoid many of these issues. Budgeting wisely is especially important in an area like Fort Hood where appreciation generally just keeps up with inflation and the VA loan rolls the funding fee into the mortgage, meaning buyers are underwater on the mortgage for the first few years. Bad Budgeting.

Buyers 36

Buyers Realtors Agents Construction 36

Empire Appraisal Group

JANUARY 11, 2023

While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, economists predicted Tuesday during the National Association of REALTORS®’ annual Real Estate Forecast Summit. NAHB: Sharp Contraction in Construction. Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Empire Appraisal Group

SEPTEMBER 8, 2022

Nowhere in Sight | Florida Realtors. Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). Housing Market Collapse?

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

MARCH 6, 2024

Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased.

Mortgage 406

Mortgage Real Estate Inventory Construction 406

Will Springer Realtor

APRIL 14, 2023

“After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

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. in June, according to the National Association of Realtors , which tracks the metric. (An Home prices increased 2.3% ” The 17.2%

Buyers 498

Buyers Inventory Realtors Contracts 498

D Fritz Appraisals

AUGUST 12, 2019

Upon acceptance of your offer, the next steps are usually: home inspection – a voluntary third-party service ordered by the buyer, and. home appraisal – an often mandatory step the buyer’s lender insists on. They both happen prior to the sale of a home and are often both added as subjects on a contract.

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Inspection Appraisal Real Estate Property Appraisal 94

Appraisal Today

JANUARY 19, 2024

An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.46 percent from 6.81

Appraisal 74

Appraisal Contracts Real Estate Architecture 74

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. metro buyer concessions (metros had at least 50 closed deals) Miami : 35.4% For the study, a concession is considered something that helped reduce the buyers’ total cost of purchasing the home.

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

MARCH 23, 2021

A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. On Monday, the National Association of Realtors released data of February’s existing home sales, which were revealed to be weak month-over-month.

Construction 527

Construction Buyers Development Contracts 527

Hank Miller Team

FEBRUARY 23, 2023

As the spring market heats up, home buyers will examine all options. Many will consider new construction, often visiting the projects and sales reps or calling the information lines. Seemingly innocent inquiries which often result in them being unrepresented by a buyer’s agent if they move forward. The builder pays X either way.

Buyers 52

Buyers Contracts Agents Construction 52

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Top Ranked Realtors: Paige Martin & The Houston Properties Team. Properties are still going under contract. Remember: real estate is hyper-local! The Tale of Two Cities. How Is My Neighborhood Doing? I May Need To Sell.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Existing-home sales rose 7.0% from a year ago.

Inventory 404

Inventory Buyers Realtors Contracts 404

Hank Miller Team

NOVEMBER 8, 2021

It’s closing day and the buyers walk the home before heading to the attorney’s office. Can a home buyer terminate on closing day because of condition and refuse to close? The most common problems are changes in the home from contract to close and agreed upon repairs. The entire contract includes the disclosures.

Buyers 95

Buyers Contracts Sellers Legal 95

Appraisal Today

FEBRUARY 17, 2023

Regarding our garage example, we might start with answering these types of questions: What have you observed about how buyer’s react to additional garages? Do buyers react differently based on the price range, size, quality, or other features of the home? How many garages are enough for most buyers, how many garages are too many?

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 284

Construction Retail Mortgage Contracts 284

Listing Spark

AUGUST 25, 2022

They impact both buyers and sellers and are key in negotiations and identifying any problem areas in homes. Even if you’re buying new construction, you should be using a home inspector. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Episode overview. Episode highlights.

Inspection 36

Inspection Real Estate Construction Sellers 36

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. For the fifth consecutive month , U.S.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Lamacchia Realty

APRIL 6, 2022

has released their “Top Producing REALTORS®,” for March 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc. Kelly joined the 2021 Lamacchia Realty President’s Club for the first time !

Realtors 69

Realtors Realty Real Estate Agents 69

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Buyer-Borrower Remorse. Essentially, the cases are situations of “buyer-borrower remorse.” Have a very responsive credo.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 New residential construction building permits in the U.S.

Contracts 414

Contracts Inventory Construction Realtors 414

Housing Wire

JANUARY 19, 2024

Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract.

Housing Market 460

Housing Market Inventory Contracts Marketing 460

AmeriMac

JANUARY 19, 2021

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. However, the buyer or anyone paying for the appraisal can request a copy of it. Constructing a basement. Moreover, the seller and buyer may split the cost between themselves.

Appraisal 36

Appraisal Real Estate Agent Market Value Real Estate 36

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with.

Construction 370

Construction Housing Market Sellers Marketing 370

Cleveland Appraisal Blog

MAY 13, 2021

Buyers have their view of how much they are willing to pay for a home. THE BUYER’S VIEW. However, most home buyers are looking for a place to live. . If the buyer is willing to purchase a home for a price that is much higher than other homes comparable homes are selling for, are they wrong for doing so? Not at all!

Market Value 298

Market Value Contracts Appraisal Buyers 298