Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 437

Mortgage Renovations Appraisal Process Finance 437

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. Refinances represented 63.3% the previous week.

Inventory 406

Inventory Contracts Government Mortgage 406

Housing Wire

MARCH 28, 2023

Mortgage financing and the prospect of economic weakness are therefore likely to remain a headwind for housing prices for at least the next several.” Persistent challenges related to low inventory , however, will prevent home prices from falling dramatically. to a reading of 109.07.

Buyers 394

Buyers Inventory Contracts Finance 394

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. economy remains hot.

Loan Officers 417

Loan Officers Mortgage Buyers Inventory 417

Housing Wire

SEPTEMBER 6, 2023

Both purchase and refinance applications fell, with the purchase index hitting a 28-year low, as prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” said Joel Kan, MBA’s vice president and deputy chief economist. For the week that ended Sept. 1, mortgage applications dropped 2.9%

Mortgage 417

Mortgage Contracts Inventory Buyers 417

Housing Wire

APRIL 25, 2023

Mortgage financing and the prospect of economic weakness are therefore likely to remain a headwind for housing prices for at least the next several months,” Lazzara said. However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally.

Inventory 384

Inventory Contracts Buyers Sellers 384

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

Agents 406

Agents Buyers Sellers Inventory 406

Housing Wire

DECEMBER 23, 2022

The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. Six percent mortgage rates have also priced some buyers out of the market. But relatively low inventory will be the primary driver of subdued transactions.

Housing Market 404

Housing Market Marketing Inventory Buyers 404

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 445

Housing Market Mortgage Marketing Contracts 445

Housing Wire

NOVEMBER 28, 2023

Low levels of existing home inventory contributed to keeping home prices elevated. The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that it tracks homes that went into contract in July, August and September. Mortgage rates climbed over the period, reaching 7.3%

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 410

Agents Realtors Clients Real Estate Agent 410

Housing Wire

NOVEMBER 29, 2022

While buyers are stepping aside waiting for more affordable prices and rates – causing the slowdown on price growth – would-be sellers are sticking their ground and holding tight to the inventory they currently own,” Nicole Bachaud, Zillow’s senior economist, said in a statement. in home prices. “On annual increase, down from 13.1%

Inventory 370

Inventory Contracts Sellers Finance 370

Housing Wire

AUGUST 31, 2021

With little inventory, home-price growth in the U.S. “While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper on price growth,” said CoreLogic Deputy Chief Economist Selma Hepp. hit a record high in June, rising 18.6%

Housing Market 437

Housing Market Inventory Buyers Real Estate 437

Housing Wire

FEBRUARY 28, 2023

The prospect of stable, or higher, interest rates means that mortgage financing remains a headwind for home prices, while economic weakness, including the possibility of a recession, may also constrain potential buyers,” Lazarra said. Low inventory has propped up home prices in many markets,” she said. to a reading of 310.64.

Inventory 405

Inventory Housing Market Contracts Realtors 405

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

Inspection 406

Inspection Real Estate Agent Real Estate Insurance 406

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.” Home prices will be influenced by how much inventory is brought to market. in 2023, settling at 4.38 million in 2024.

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

SEPTEMBER 28, 2021

Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents. Another report on home-price growth by the Federal Housing Finance Agency , also released Tuesday, found a 19.2% increase in home prices in July from a year earlier.

Housing Market 481

Housing Market Finance Contracts Inventory 481

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5%

Inventory 425

Inventory Buyers Agents Real Estate 425

Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Meanwhile, buyers are plucking up homes left and right. Pump-and-dump property financing could also become an issue.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% All of this demand means buyers are going to ever-greater lengths to make their offer stand out.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. If mortgage rates peak, Fratantoni said, “potential buyers who had been scared off by the rate spike, might find their way back to the housing market.”.

Housing Market 304

Housing Market Marketing Loan Officers Buyers 304

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. If your house is priced too high, it will turn buyers off, but if it’s too low, people may wonder what’s wrong with it. Fortunately, there are many ways you can sell your house fast. How Long Does It Take to Sell a House?

Real Estate Agent 406

Real Estate Agent Tenants Real Estate Agents 406

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Home buyers are rushing to buy ahead of additional rate and/or rent increases, some will be trapped on the hamster wheel of renting. How do home buyers get their offer selected? Is that smart?

Buyers 52

Buyers Inspection Contracts Sellers 52

Housing Wire

AUGUST 14, 2023

While we’ve witnessed the launch of numerous innovative proptech companies, many of them address the top of the sales funnel, such as search, lead generation and financing. According to a 2001 NAR survey , only 69% of buyers used the services of a real estate agent.

Real Estate 369

Real Estate Real Estate Agent Marketing Technology 369

Housing Wire

OCTOBER 23, 2020

Contracts during this time also skyrocketed 62%. While the Palm Beach housing market has not seen a lot of bidding wars, Koch said that a lot of the inventory has been absorbed and properties are getting multiple offers. Since it’s a summer destination, Palm Beach’s busy season for home-buying starts on Nov. 1, and runs through May 1.

Housing Market 535

Housing Market Marketing Real Estate Agent Real Estate 535

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

Inventory 505

Inventory New Listings Sellers Real Estate 505

Housing Wire

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. How would it compare in the eyes of the buyer? Are they already in contract on something? Square feet matters, bedrooms, baths, views and condition are all taken into account.

Sellers 370

Sellers Construction Real Estate Finance 370

Hank Miller Team

NOVEMBER 4, 2022

Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions. Most of them.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021.

Mortgage 397

Mortgage Marketing Investors Lending 397

Housing Wire

APRIL 9, 2021

” In essence, the program allows WRRE’s sell-side clients to compete with cash-buyers, iBuyers and investors for the little inventory that’s out there when they’re ready to buy. WRRE has offers under contract plus more in the pipeline. . “And then we have our agent commission.”

Brokerage 407

Brokerage Real Estate Clients Insurance 407

Realtor

OCTOBER 16, 2023

for first-time buyers is $12,274 (around 6%), in addition to $1,983 in closing costs. “Buyers may not be able to even see a home without providing a copy of their pre-approval letter just to schedule an appointment,” says Ameer. Pre-approval is better because it means lenders have reviewed your finances.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy. Don’t Get Stuck In The Past.

Agents 52

Agents Marketing Contracts Inventory 52

Eppraisal

MARCH 15, 2022

When interviewing for a real estate agent to help you purchase a home, be sure to ask them what type of buyer representation they are going to provide to you. There are multiple types of buyer representation with differences in what they entail. Inquire about your options and decide which type of buyer representation is best for you.

Buyers 36

Buyers Real Estate Agent Tenants Landlords 36

Realtor

APRIL 14, 2021

Experts say p otential buyers should make pre-approval their first step. She says having pre-approval shows that you’re serious about being a homeowner and have taken the necessary steps to get your finances and creditworthiness verified by a lender. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

MAY 13, 2024

Inventory continues to build at the national level, something that’s happening most rapidly in the South. If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. In May of that year, inventory was climbing by 3% to 4% each week.

New Listings 471

New Listings Contracts Inventory Sellers 471

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. Buyers are offering sellers prices considerably above list price in many cases. This impacts the lenders, the sellers and the buyers in the transactions.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Listing Spark

DECEMBER 15, 2022

Investing in owner financing can be a great way to build wealth and generate passive income. Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. How owner financing typically works. Key takeaways.

Finance 36

Finance Investing Real Estate Lending 36