Housing Wire

DECEMBER 20, 2023

Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. If your buyers can’t or won’t compete for scarce inventory, change your strategy. Look for new construction, even if your buyers don’t think they will like it.

Real Estate Agent 417

Real Estate Agent Buyers Real Estate Clients 417

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. Compare all that to the U.S.

Real Estate Agent 384

Real Estate Agent Real Estate Sellers Legal 384

Hank Miller Team

DECEMBER 17, 2021

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. See the inventory bumps as we head into the first quarter?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

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.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Inventory 420

Inventory Housing Market Marketing Construction 420

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. percent from 6.93

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Appraisal Contracts Business Construction 76

Housing Wire

MAY 23, 2023

Last year, while the Census Bureau was reporting the new home sales numbers and the builders were having high cancellation rates, the monthly sales report didn’t account for the cancellations of contracts. months and above, the builders will pull back on construction. The Inventory for homes completed is at 70,000 = 1.23

Inventory 520

Inventory Housing Market Construction Marketing 520

Hank Miller Team

JULY 12, 2023

Fewer buyers, fewer contract and sales. Listing inventory down as well, in the mix is the dearth of new construction when builders slammed on the brakes. Still a sellers market, just not as bonkers for buyers. Those sellers that aspirationally price marginal homes are not having much success. Closed sales down 27.4

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. If home prices are tanking, that means more borrowers are under water.

Contracts 408

Contracts Inventory Housing Market Buyers 408

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. Tampa, however, saw a rise in seller concessions to 43.1% It does not include a seller-lowered list price or price cut that resulted from buyer negotiations. But in Tampa, 43.1%

Sellers 78

Sellers Buyers Agents Contracts 78

Appraisal Today

DECEMBER 8, 2023

High rates have forced some sellers to lower their asking price to make up for high interest rates on monthly payments. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. Sellers “had to sell” typically because of a job loss, divorce, or other personal reason. =

Appraisal 66

Appraisal Real Estate Contracts Design 66

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. I purchased a large house on the water with a dock in 1995 for $375,000 with 100% seller financing.

Appraisal 85

Appraisal Training Inspection Real Estate 85

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. months of supply.

Construction 520

Construction Housing Market Inventory Mortgage 520

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.

Housing Market 469

Housing Market Inventory Contracts Marketing 469

Housing Wire

DECEMBER 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. Existing home sales fell steeply in most markets.

Housing Market 366

Housing Market Marketing Construction Inventory 366

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. I mean very little inventory.

Loan Officers 382

Loan Officers Marketing Inventory Real Estate Agent 382

Listing Spark

AUGUST 25, 2022

They impact both buyers and sellers and are key in negotiations and identifying any problem areas in homes. Even if you’re buying new construction, you should be using a home inspector. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Episode overview.

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Inspection Real Estate Construction Sellers 36

Housing Wire

OCTOBER 21, 2021

“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. Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 The share of first-time homebuyers dropped to 28% in September, down from 29% in August.

Inventory 410

Inventory Buyers Realtors Contracts 410

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Cleveland Appraisal Blog

MARCH 30, 2021

There is a lot of demand out there, with very little inventory. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. It may be due to inventory levels continuing to drop. They just look at the number.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. months and above, the builders will pull back on construction. The only way this happens is by higher rates. When supply is 4.4

Housing Market 397

Housing Market Inventory Construction Marketing 397

Housing Wire

FEBRUARY 23, 2021

Rates have slowly climbed back towards 3% in the past few months, but inventory is still low , keeping prices high. Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up.

Inventory 441

Inventory Finance Contracts Construction 441

Housing Wire

AUGUST 23, 2022

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. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4

Construction 370

Construction Housing Market Sellers Marketing 370

Raleigh Realty

FEBRUARY 19, 2022

Not only does this help new agents learn all the inventory in their local markets but it also gets them familiar with driving through all the subdivisions and neighborhoods. The skills required to help home buyers and sellers successfully buy and sell real estate have nothing to do with networking all day. It’s catchy and memorable.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

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. THE SELLER’S VIEW. This is the strongest seller’s market I have ever seen. What is a buyer to do? Or is it? So, they sold their home.

Market Value 298

Market Value Contracts Appraisal Buyers 298

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. 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. Properties are still going under contract. Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Seize the moment to leverage the increased inventory and negotiate favorable prices.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

OCTOBER 21, 2020

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. Lovern was actually on maternity leave at that time when open houses and contracts were paused. “In Once COVID-19 caused much of the U.S.

Housing Market 545

Housing Market Marketing Real Estate Agent Real Estate 545

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. “The Mortgage rates are high, home prices are high, there’s no inventory.” The result: generally rising prices amid limited inventory.

Sellers 59

Sellers Buyers New Listings Inventory 59

DataMaster

JANUARY 15, 2021

It’s a seller’s market! Not only did the historically low interest rates contribute to the rise in home prices, but new home construction didn’t keep up. The increase in home prices is a boon to real estate professionals and home sellers, but a bane to buyers. New Home Construction. Appraising in 2021.

Appraisal 147

Appraisal Construction Business Real Estate 147

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. Days on market climbed, sellers’ became restless and our month’s supply of inventory finally started to grow. But who wants to trade in their 3.5%

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

Marketing 36

Marketing Sellers Buyers Real Estate 36

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.

HOA 36

HOA Transportation Construction Buyers 36

The Robert Weiler Company

SEPTEMBER 7, 2022

The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. We’ve seen incredible sales numbers, houses selling faster than ever, and a low inventory of new homes. What Does Low Inventory Mean for Ohio Land for Sale? Residential Real Estate Sales.

Marketing 78

Marketing Real Estate Investing Retail 78

Appraisal Today

JULY 29, 2022

We’ve seen a massive change in housing inventory. But is it because sellers are rushing to list their homes? 1) The spike in housing supply is NOT due to sellers: In a short period of time, we went from having three weeks of supply in the Sacramento region to ten weeks. This is actually about fewer buyers getting into contract.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

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. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

FEBRUARY 9, 2024

= 32% of Homes for Sale in the Fourth Quarter Were Newly Built — Just Shy of the Record High Redfin reports new construction has taken up a growing share of the for-sale housing pie because homebuilding has increased and the number of individual homeowners selling has decreased. Nationwide, 31.8% That’s comparable with 31.9% percent from 13.3

Appraisal 79

Appraisal Contracts Insurance Construction 79