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. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% year over year. .

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Supply Chain Inventory Buyers Realtors 425

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. Six months ago, if someone would’ve given a contingent offer, they would’ve gotten laughed at,” Davidson said.

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Mortgage Sellers Contracts Buyers 413

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?

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Real Estate Realtors Real Estate Agent Agents 158

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. Residential construction costs started to moderate this period.

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Mortgage Real Estate Inventory Construction 423

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? Nowhere in Sight.

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Housing Market Marketing Real Estate New Listings 78

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

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Real Estate Marketing Buyers Sellers 78

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year. It’s like a horse race.

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Housing Market Marketing Realtors Inventory 436

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.

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Inventory Buyers Realtors Contracts 413

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. And inventory shortages are the culprit. 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.

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Supply Chain Inventory Housing Market Contracts 403

Appraisal Today

AUGUST 18, 2023

As you may have heard, a cyberattack has shut down Rapattoni, a property data provider, leaving realtors and appraisers in 12 states without access to MLS data. That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. The average contract interest rate for 5/1 ARMs decreased to 6.20

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Appraisal Contracts Inspection Real Estate 74

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. shy of the need.

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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.

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Contracts Inventory Construction Realtors 425

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. 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.

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Housing Market Inventory Contracts Marketing 476

Housing Wire

MARCH 23, 2021

While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates. A new home sale occurs when a sales contract is signed or a deposit is accepted. As for the West, new sales dropped 9.3% year-over-year.

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Construction Buyers Development Contracts 531

Houston Properties

JANUARY 13, 2021

Top Ranked Realtors: Paige Martin & The Houston Properties Team. We also believe these trends will create limited appreciation for inner loop neighborhoods known for small lots, choppy floor plans, with lots of construction from the 1990’s – 2010, especially zoned to not-top-ranked schools. I May Need To Sell. Buyers Beware?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. But compared to the prior year, “pending sales fell for the 10 th consecutive month, by 8.2%, with pending sales down across all regions.”

Housing Market 335

Housing Market Marketing Contracts Mortgage 335

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. growth is the largest annual growth reported since 1979, as supply and demand pressures endure and construction costs continue to rise, said Frank Nothaft, CoreLogic’s chief economist. . Home prices increased 2.3% ” The 17.2%

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Buyers Inventory Realtors Contracts 507

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.

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Construction Housing Market Sellers Marketing 370

Listing Spark

AUGUST 25, 2022

Even if you’re buying new construction, you should be using a home inspector. Not only does Clayton have a home inspection business, he also creates courses for buyers, sellers, and realtors around home inspections. “We’re 19:10 – Why it’s important to use a home inspector for new construction.

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Inspection Real Estate Construction Sellers 36

Annarbor Appraisal

FEBRUARY 8, 2020

Washtenaw County, like much of the nation, has a continued inventory shortage. The inventory shortage continues to be concentrated in the starter market. New construction is simply not meeting the needs of the more modest market, while there is an abundance of properties available over $500,000. That is a shortage.

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Inventory Contracts Construction Marketing 78

Housing Wire

OCTOBER 21, 2020

“It’s been a circus, really,” said Anthony Lamacchia, Realtor and owner of Lamacchia Realty in the Boston suburbs. Across the different markets, the agents consistently reported bidding wars amid heightened demand for single-family homes, low inventory and an increase of buyers fleeing big cities.

Housing Market 545

Housing Market Marketing Real Estate Agent Real Estate 545

Cleveland Appraisal Blog

MAY 13, 2021

And right now, many buyers are forced to bring cash to the table to make up the difference between what the home’s market value is determined to be, and the contract price. In the process of selling their home, the builder told them that they had to revise their contract to reflect the increase in building materials.

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Market Value Contracts Appraisal Buyers 298

Empire Appraisal Group

DECEMBER 14, 2023

of homes that went under contract that month – the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. Another reason concessions have climbed from pandemic lows is that homebuilders are offering deals to offload inventory and taking up a growing portion of the market.

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Sellers Buyers Agents Contracts 78

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction.

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Appraisal Contracts Business Construction 79

The Robert Weiler Company

SEPTEMBER 7, 2022

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. What Does Low Inventory Mean for Ohio Land for Sale? Commercial Land Real Estate Sales.

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Marketing Real Estate Investing Retail 78

DataMaster

JANUARY 15, 2021

And according to the National Association of Realtors , the median existing-home price for all housing types in November 2020 was $310,800. Not only did the historically low interest rates contribute to the rise in home prices, but new home construction didn’t keep up. New Home Construction. This is a 14.6% million units.

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Appraisal Construction Business Real Estate 147

Listing Spark

SEPTEMBER 25, 2023

Increasing Days on Market and Months Supply of Inventory Days on market and the months’ supply of inventory have witnessed a steady climb, indicating that homes on the market are taking longer to sell. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Houston Properties

JANUARY 12, 2022

This is more concerning now that 71% of Houston Realtors have sold less than 5 homes in their entire career. Best Houston Realtors: Paige Martin & The Houston Properties Team. "A good and experienced Realtor should protect their clients from making bad mistakes, specially when putting emotions over data. Zip Code: 77006.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. That’s fair.

Construction 36

Construction Inventory Buyers Real Estate 36

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. In fact, our REALTORS had multiple properties that had over 30 offers! Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall.

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Sellers Inventory Buyers Realtors 74

Listing Spark

FEBRUARY 7, 2024

3) Days on market and months supply of inventory climbed, shifting to a more balanced market For the first time in over 13 years, the market shifted from a scalding hot seller’s market to a balanced market or even a buyer’s market in some areas. These were the changes buyers had been looking to take advantage of. in 2022 to 3.3

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Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

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Finance Inventory Construction Buyers 67

Housing Wire

NOVEMBER 30, 2023

Program follows a blueprint developed by the OH Association of Realtors®. From tips on getting your real estate license in Ohio to national housing inventory news, we provide the most up-to-date information and insights you need to build a successful real estate career. Athens Campus location.

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Real Estate Real Estate Agent Law Inspection 425

Assurance Financial

NOVEMBER 9, 2021

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. In a market that favors buyers, sellers and their realtors have to put in a much greater effort to make their homes stand out through means of social media, open houses, and advertisements. Marketing Strategies.

Marketing 36

Marketing Sellers Buyers 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. The high-rise has hit a high mark of more than 75% sold inventory – impressive when you consider urban condos have lagged behind the rush for homes post-pandemic.

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Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. months’ inventory, up from 1.4 months’ inventory (2.0 in Bellevue ($570,000).

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New Listings Buyers Inventory Lending 54

Will Springer Realtor

JANUARY 10, 2023

Will Springer, Realtor®. Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. A total of 28,393 homes were sold in King County in 2022 (excluding new construction sales). months of inventory, down from 2.2 Economists across the U.S.

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