Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

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Housing Market Marketing Sellers Buyers 479

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values.

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Housing Wire

SEPTEMBER 27, 2024

Overall, 83% of agents said their buyers still expect sellers to cover 100% of buyer agent commissions, while 10% said their buyers expect sellers to cover at least a portion of their agent’s fees. More than half (55%) of agents surveyed reported that sellers who do offer buy-side compensation are offering 2.5%

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Sellers Agents Buyers Brokerage 511

Housing Wire

OCTOBER 24, 2024

The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform. While 45% said current market conditions were not impacting their desire to purchase distressed property, 34% said conditions were detrimental to their decisions.

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Housing Market Marketing Retail Development 482

Appraisal Buzz

OCTOBER 31, 2024

Despite their potential to draw in vandalism and spread community blight, zombie foreclosures continue to have little to no effect on the majority of local housing markets. That phenomena is still one of the many long-lasting consequences of the 13-year-old housing market bubble that has occurred across the country.

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Housing Market Marketing Investors Construction 369

Housing Wire

OCTOBER 4, 2024

Real estate agents : Real estate agents provided insights based on their direct interactions with buyers and sellers. Overall Market Sentiment The overall sentiment towards the housing market remains cautiously optimistic, with most respondents expressing neutral to optimistic views.

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Real Estate Housing Market Real Estate Agent Marketing 459

Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao.

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Valuation Housing Market Marketing Home Value 417

Housing Wire

JULY 29, 2024

That implies a continued slow down for home sales in the second half of the year — fewer buyers and fewer sellers, too. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. I’d guess sellers are as tired waiting for mortgage rates to fall as buyers are.

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Housing Market Marketing Inventory New Listings 457

Housing Wire

SEPTEMBER 6, 2024

To that end, Veterans United Home Loans conducted a study to find which housing markets are best for current and former military members in these two generations. It concluded that the most favorable markets are on the East Coast and in the Midwest. The city that topped the list is Tampa. and the quality of life score ranks No.

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Housing Market Marketing Insurance Buyers 459

Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. Buyers] have been the ones to benefit from just the steadiness and lack of volatility.” Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago.

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Housing Market Marketing Property Taxes Inventory 459

Housing Wire

JULY 26, 2024

Buyer representation has become one of the hottest and most debated topics of the year. Amid the lawsuits and non-stop news coverage, one major question has emerged: What is buyer representation and why does it matter? Unless you’ve sworn off all forms of media, news, and the internet (in which case, how are you reading this?),

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Housing Wire

JUNE 20, 2024

Despite the state’s tight inventory, the housing market is not as hot as one might expect. The state has an Altos Market Action Index score of 54, down from 63 in May 2022, when there were only 800 fewer active listings on the market. Buyers are taking their time and they definitely are being pickier,” Wallace said.

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Housing Market Agents Marketing Inventory 448

Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% In his market, 17.6% of buyers canceled in June.

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Buyers HOA Property Taxes Inspection 459

Housing Wire

OCTOBER 7, 2024

The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. Mortgage rates bounced back up over the last couple days, and it demonstrates how fragile this housing market recovery could be. There were very few buyers in the fourth quarter 2023.

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Housing Market Marketing Mortgage Contracts 476

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. Buyers will also be required to sign a representation agreement outlining the amount they will pay their agent for their services.

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Buyers Real Estate Real Estate Agent Brokerage 523

Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.

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Housing Market Real Estate Agent Marketing Training 482

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

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Buyers Marketing Mortgage Real Estate Agent 493

Housing Wire

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Buyers have more options to choose from for two reasons. Zillow noted that the U.S. 29 to Oct.

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Housing Market Marketing Inventory Buyers 482

Housing Wire

APRIL 27, 2024

Here’s the new listings data for last week over the last several years: 2024: 70,665 2023: 63,236 2022: 72,009 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity.

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Inventory Housing Market Marketing New Listings 514

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A

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Buyers Luxury Properties Marketing Inventory 400

Appraisal Buzz

SEPTEMBER 20, 2024

housing market is experiencing significant variability, with some cities seeing homes fly off the market while others are witnessing prolonged delays. As of July 2024, the average home spends 35 days on the market, but this figure varies widely depending on the location. Wichita’s 4.9%

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Housing Market Marketing Inventory Buyers 415

Housing Wire

OCTOBER 8, 2024

The strength of the storm has prompted officials to call for an evacuation, one that has already had a stark impact on the city’s housing market. People trying to get out of the way of a major hurricane aren’t overly concerned with putting their house on the market. New listings in Tampa were at 775 on Sept.

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Housing Market Insurance Marketing Real Estate Agent 459

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets.

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Buyers Real Estate Agent Inspection Real Estate 475

Housing Wire

JULY 6, 2024

This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes.

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Housing Wire

AUGUST 6, 2024

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down. Kelman addressed the impact of the settlement that the National Association of Realtors (NAR) agreed to regarding buyer agent commissions.

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Housing Market Marketing Brokerage Agents 488

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn stated that he would not offer or accept compensation from an agent.

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Sellers Real Estate Buyers Legal Fees 459

Housing Wire

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

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Agents Buyers Real Estate Agent Sellers 476

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housing market to react?

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Housing Market New Listings Marketing Mortgage 497

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Buyers Agents Mortgage Real Estate Agent 514

Appraisal Buzz

NOVEMBER 8, 2024

In over half of the Opportunity Zones examined, median prices rose by more than 10 percent a year as the country’s protracted housing market bubble persisted. Regardless matter whether the housing market has experienced a sharp upturn, a slight improvement, or a slight decline, that pattern has persisted.

Housing Market 369

Housing Market Marketing Design Home Value 369

Appraisal Buzz

NOVEMBER 6, 2024

Key Findings: Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.

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Buyers Marketing Sellers Loan Officers 370

Housing Wire

SEPTEMBER 30, 2024

Cooler fall temperatures have brought less intense housing market conditions to the once white-hot market of Bergen County , New Jersey. “We We are not seeing that same buyer frenzy we were seeing six months ago,” said Audra Fontanella, the broker-owner of Bergen County-based RE/MAX Venture Realtors. “We

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Housing Market Marketing Inventory Agents 421

Housing Wire

NOVEMBER 5, 2024

The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. Help negotiating with buyers registered at just 13%.

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Real Estate Agent Real Estate Sellers Agents 435

Housing Wire

JULY 22, 2024

Fewer sales, mean a shrinking housing market as consumers wait it out. real estate market as we’re now in the second half of 2024. will be significant enough move in rates to move the needle for buyers. There are 39% more homes on the market now than a year ago. Let’s look at the details of the U.S.

Buyers 488

Buyers Inventory New Listings Sellers 488

Appraisal Buzz

SEPTEMBER 9, 2024

Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points. However, it seems sense that buyers are hesitant to sign papers when they visit properties. I showed a $4.75

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Sellers Buyers Agents Advertising 397

Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. Sun Belt Boom Realtor.coms top 10 are all located in the South and West, with multiple markets from three statesTexas, Florida, and Virginia. Click here for more on Realtor.coms Top Housing Markets for 2025.

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Housing Market Marketing Inventory Government 248

Housing Wire

NOVEMBER 11, 2024

We’re also at the seasonal decline time for the housing market. We have two more weeks where I expect more inventory of unsold homes on the market. Recently as homes have sold or been withdrawn from the market the percent of listings that have taken price cuts from the original list price is ticking lower.

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Housing Market Marketing Inventory New Listings 397