Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

Real Estate 392

Real Estate Buyers Tools Real Estate Agent 392

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said.

Buyers 414

Buyers Mortgage New Listings Real Estate Agent 414

Inman

SEPTEMBER 18, 2023

Nearly 60,000 home purchase contracts were canceled nationwide during August, according to Redfin's report.

Contracts 180

Contracts Buyers Marketing Mortgage 180

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.” He makes co-marketing investments and helps partners with their databases by looking for any missed opportunity in the market. The primary focus is on borrowers who may be credit-challenged.

Buyers 479

Buyers Mortgage Real Estate Agent Contracts 479

Miller Samuel

APRIL 29, 2020

In our post-Coronavirus world, it is clear that market conditions and our understanding of the future are subject to change every day. In my prior post Establishing the COVID-19 Demarcation Line: From ‘Hanks To Banks’ , data that falls after the line represents a different market. Incidentally, contract prices are not readily shared.

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Contracts Real Estate Agent Inspection Law 195

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

Housing Market 360

Housing Market Marketing Contracts Buyers 360

Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant.

Housing Market 433

Housing Market Mortgage Marketing Contracts 433

Housing Wire

MAY 4, 2023

A paradoxical picture is emerging as the spring market is underway. On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. All major housing market metrics point to a restrained housing market. Buyer disappointment.

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Housing Market Marketing Inventory Buyers 412

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. In October, ??the

Buyers 362

Buyers Investors Technology Training 362

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 392

Agents Buyers Loan Officers Real Estate 392

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. The goal is to expand its overall market share to 1% this year from 0.6%.

Loan Officers 356

Loan Officers Marketing Retail Renovations 356

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

MARCH 13, 2024

The DOJ argued that changes similar to those proposed in the settlement agreement — including the lowering of the required compensation amount to $0 or abandoning the requirement for listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list on the MLS — have done nothing to decrease agent commissions.

Legal 422

Legal Contracts Sellers Buyers 422

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. It is keeping the pressure on buyers to shop wisely,” Kent Redding, a local Berkshire Hathaway Home Services agent, said.

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Housing Market Marketing Inventory Buyers 375

Housing Wire

FEBRUARY 29, 2024

In its statement, the DOJ advocated for the prohibition of cooperative compensation, meaning that “sellers would be responsible for determining only the compensation of their own broker in the listing contract … [and] buyers would be responsible for determining the compensation of their own broker in a buyer-broker representation contract.”

Legal 387

Legal Contracts Sellers Buyers 387

Housing Wire

JANUARY 25, 2023

. “This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams, an investment that will help build a foundation for generations to come,” Kasey Marty, executive vice president of secondary marketing at Guaranteed Rate, said in a statement.

Buyers 381

Buyers Contracts Insurance Mortgage 381

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. 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. But more recently, market conditions have done an about-face. Midwest metros like Minneapolis, St.

Housing Market 386

Housing Market Marketing Inventory Buyers 386

Housing Wire

MARCH 1, 2023

Higher mortgage rates have zapped mortgage demand, as buyers are having second thoughts about purchasing homes. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances that are $726,200 or less increased to 6.71% from the previous week’s 6.62%.

Housing Market 382

Housing Market Business Mortgage Marketing 382

Housing Wire

MAY 28, 2021

Numerous other sales records were also set, including the median home sale price ($354,250) and number of days on the market (17, down from 36 one year ago). Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said.

Housing Market 452

Housing Market Contracts Government Buyers 452

Cleveland Appraisal Blog

JULY 20, 2022

An appraisal gap clause can be written into a contract. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. In this hot market, it’s not surprising that this type of clause is being written into some contracts.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% from December’s annualized rate. Overall active inventory improved 7.9%

Contracts 407

Contracts Inventory Realtors New Listings 407

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? A mortgage rate lockdown freezes the housing market.

Housing Market 514

Housing Market Marketing Real Estate Agent Real Estate 514

Will Springer Realtor

MAY 2, 2023

Home buyers are consumers. They have safeguards built in to written agreements such as a purchase contract on a home. These buyers also have the right to either add or omit some of those available rights when their real estate broker drafts an offer. FINANCING The financing contingency is critical for the buyer.

Contracts 54

Contracts Buyers HOA Inspection 54

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “Job NAR’s Pending Home Sales Index (PHSI) increased to 77.3

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. However, in many areas of the country it does remain a seller’s market. Historically 2.5

Realtors 394

Realtors Housing Market Marketing Buyers 394

Housing Wire

FEBRUARY 1, 2023

.” The seasons ahead Industry experts believe that the purchase market will recover in the spring, despite the volatility. Both trends will help some buyers regain purchasing power,” said Kan. said buyers are tired of waiting for lower prices and rates. Nik Shah, CEO of Home LLC.

Mortgage 341

Mortgage Marketing Loan Officers Contracts 341

Housing Wire

APRIL 24, 2024

An industry favorite for its popular CRM, Top Producer can help you keep in touch with all your prospects with timely text messages, emails, and market reports delivered to their inbox.

Real Estate 359

Real Estate Clients Tools Contracts 359

Housing Wire

APRIL 22, 2021

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. The post North Carolina’s low home prices luring buyers appeared first on HousingWire. “It’s just insane. “But this is a great place to live.

Buyers 432

Buyers Inventory Renovations Realty 432

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 398

Inventory Agents Real Estate Sellers 398

Housing Wire

AUGUST 30, 2023

However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%). An index of 100 is equal to the level of contract activity in 2001. “Jobs are being added and, thereby, enlarging the pool of prospective home buyers. .

Inventory 416

Inventory Contracts Buyers Realtors 416

Sacramento Appraisal Blog

JANUARY 16, 2023

How are appraisers handling concessions to the buyer? Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market. The post How are appraisers handling concessions?

Appraisal 341

Appraisal Contracts Real Estate Housing Market 341

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home.

Contracts 98

Contracts Appraisal Sellers Buyers 98

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. In the case of an impasse, contingencies allow buyers to renegotiate or back out of the sale without penalty.

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Contracts Real Estate Property Taxes Legal 36

Sacramento Appraisal Blog

MAY 5, 2021

“Buyers are crazy!!! How can they be paying these prices?” ” That’s what we tend to hear from people who are NOT trying to buy a house right now. It seems like onlookers really don’t understand what it takes to get an offer accepted these days. But for anyone actually in the game, the truth is […].

Buyers 404

Buyers Contracts Housing Market Appraisal 404

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land.

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Contracts Tenants Legal Sellers 143

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. on the index in June, an 8.7% in 2022. .

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Marketing Buyers Realtors Real Estate 441