Housing Wire

FEBRUARY 23, 2024

In December 2023, a startling rumor started to spread on social media — that large institutional buyers had purchased 44% of the available homes on the market in 2023, leaving policymakers concerned with the potentially predatory grip of these entities. New Western , meanwhile, also stood out as a marketplace for real estate investors.

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Buyers Investors Real Estate Insurance 349

Housing Wire

MARCH 22, 2024

Part of our value as professional real estate agents is helping guide buyers through the process, using our expertise and first-hand experience. We’ve compiled this house-hunting checklist you can review with your buyer clients to help them better understand the home-buying process. I gave them a piece of paper and a pen.

Real Estate Agent 366

Real Estate Agent Real Estate Clients Agents 366

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job? trillion to $7.9

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. These are the top five home improvement projects generating the highest ROI that real estate agents should be recommending to their selling clients: Kitchen refresh: 377% ROI Kitchens are often considered the heart of a home.

Home Improvement 436

Home Improvement Real Estate Agent Sellers Real Estate 436

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Growing demand While there is a chance of real estate assets in the U.S.

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Real Estate Housing Market Marketing Investors 371

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. For Sale By Owners are the same.

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Clients Buyers Real Estate Agent Real Estate 348

Appraisal Buzz

MAY 2, 2022

These are a few ways it will affect real estate in the coming months. Construction Sites Will Stay on Schedule. After months of paperwork and organizing teams, many experts believe the allocated funding will start positively affecting the real estate market. construction sites. they won’t make a splash.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Housing Wire

FEBRUARY 13, 2024

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It

Construction 340

Construction Supply Chain Inventory Agents 340

Housing Wire

JULY 17, 2023

The real estate sector is constantly evolving, and one technology has emerged as a true game changer: virtual reality (VR). While VR has transformed various industries, it is in real estate where its impact truly shines. The following list of ten ways to use VR in real estate could forever change the way you do business.

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Real Estate Technology Business Real Estate Agent 245

Appraisal Buzz

JANUARY 17, 2022

Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing. In 2022, construction companies will have to work hard to catch up with an overwhelmed market.

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Construction Supply Chain Housing Market Technology 468

Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

Construction 417

Construction Renovations Transportation Real Estate 417

Housing Wire

NOVEMBER 9, 2023

Real estate agents: You can turn the next quarter into your best one yet by following this profitable and proactive plan. There are people who will absolutely be buying or selling real estate in the next 100 days. Aspirational pricing and competition from new construction has created more expired and withdrawn listings.

Real Estate Agent 348

Real Estate Agent Real Estate Agents Open Houses 348

Housing Wire

MARCH 21, 2022

Most real estate professionals understand that the Real Estate Settlement and Procedures Act (RESPA) was created keeping customers in mind. RESPA has strict rules for real estate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees. Construction-only loans.

Real Estate Agent 280

Real Estate Agent Real Estate Agents Construction 280

Housing Wire

NOVEMBER 24, 2020

Over the weekend, CoStar Group announced that it has agreed to acquire real estate tech company Homesnap. Homesnap has spent years building tools that reinforce the agent-client relationship and arm both home buyers and agents with the data and software they need to find homes and do their jobs,” said John Mazur, CEO of Homesnap. “We

Real Estate 424

Real Estate Client Relationships Realty Advertising 424

Housing Wire

MARCH 28, 2022

While real estate is the largest asset class in the world, it’s a segment that is still highly fragmented. commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now.

Real Estate 354

Real Estate Marketing Insurance Buyers 354

Housing Wire

NOVEMBER 29, 2023

Cutting prices is one of several mechanisms homebuilders have employed to keep buyers interested since rates began skyrocketing. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed.

Construction 350

Construction Finance Inventory Development 350

Housing Wire

NOVEMBER 10, 2022

With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. It could be a while. Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 392

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction. But the pandemic is now over and interest rates are way up.

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Buyers Real Estate Construction Finance 307

Housing Wire

NOVEMBER 25, 2020

The pandemic has shifted the pecking order of the real estate industry’s location-location-location axiom for many homebuyers — high-cost and high-density urban is out, while suburban is back in vogue and rural is experiencing a bit of a revival. 75% out-of-state buyers); Calhoun County, Ala. (60%);

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

AUGUST 18, 2020

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% An acceleration in new construction was therefore expected in order to rebalance this relationship in light of continued buyer demand.”. Census Bureau. million, 3.6%

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Construction Inventory Buyers Mortgage 545

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 540

Buyers Mortgage Real Estate Housing Market 540

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 332

Mortgage Real Estate Inventory Construction 332

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.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

MARCH 8, 2023

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. It uses county-level data for single and multi-family permits to gauge housing construction growth in both urban and rural metros. in Q4 2021 to -12.1% in Q4 2022. a year ago to -11.7%.

Construction 366

Construction Housing Market Marketing Buyers 366

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 430

Construction Housing Market Inventory Buyers 430

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. In the realtor survey, Millennials were the largest home buyer generation represented.

Buyers 380

Buyers Inventory Realtors Finance 380

Housing Wire

JULY 21, 2021

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My of those resales went to owner-occupant buyers.

Real Estate 455

Real Estate Investors Market Value Home Value 455

Housing Wire

MAY 16, 2024

Property documents offer real estate agents and their clients crucial insights; however, they are often long, full of legalese, and poorly formatted, making them extremely tedious to review and understand,” James Rogers, co-founder and CEO of RealReports, said in a statement. “Now

Real Estate Agent 318

Real Estate Agent Real Estate Brokerage Sellers 318

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 357

Buyers Supply Chain Construction Inventory 357

Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I I had a roofer locked in six weeks in advance.

Construction 372

Construction Contracts Supply Chain Business 372

Housing Wire

NOVEMBER 9, 2020

The news over the weekend that former Vice President Joe Biden is now president-elect elicited positive reactions from several real estate leaders who saw the upside for the housing market. The post Real estate industry expresses support for Biden’s $15,000 tax credit appeared first on HousingWire.

Real Estate 513

Real Estate Housing Market Marketing Construction 513

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Both buyers and sellers are coming back to the market,” Fischer said. From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.”

Housing Market 381

Housing Market Marketing Inventory Construction 381

Housing Wire

MARCH 27, 2024

Herron Real Estate exploded from two listings in 2019 to 417 in 2023; Momentum Realty grew from 12 listings to 612 over the same period. The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee.

Brokerage 367

Brokerage Realty Real Estate Inventory 367

Housing Wire

JANUARY 3, 2024

Real Estate Market Outlook 2024. About 900,000 units are currently under construction , and 440,000 new units are expected to be completed in 2024, according to the report. Construction completions have already peaked in Chicago, Washington, D.C. Commercial property firm CBRE estimates that rent prices will only grow 1.2%

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Inventory Construction Property Management Real Estate 372

Housing Wire

FEBRUARY 21, 2024

Earlier this month, real estate investment management firm Pretium Partners raised $1 billion to acquire build-to-rent homes, bringing its total investment in the sector to $2.5 Sales were half that in 2023, but the commercial real estate brokerage notes that $1.5 Similarly, construction has slowed but remains elevated.

Investors 407

Investors Construction Real Estate Inventory 407

Housing Wire

NOVEMBER 28, 2023

The Husky Homes real estate team, led by Alison Crim, has joined Compass , the company announced on Tuesday. The team specializes in buyer and seller representation as well as new construction. Compass launched operations in Wisconsin in 2021 and currently operates eight offices with 175 real estate agents.

Real Estate Agent 394

Real Estate Agent Real Estate Realty Technology 394

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Construction 310

Construction Development Business Housing Market 310