Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. real estate market at the end of May 2024. Pending sales There are 404,000 single-family homes in contract now.

Inventory 508

Inventory New Listings Contracts Sellers 508

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. construction workers.

Renovations 380

Renovations Real Estate Construction Contracts 380

Housing Wire

FEBRUARY 24, 2023

January marked a surge of people signing contracts to buy new homes. The increase in contract signings can be attributed to a decline in mortgage rates in January after a run-up in rates in October and November ,” Holden Lewis, NerdWallet ’s home and mortgage expert, said in a statement. months in December.

Construction 423

Construction Contracts Buyers Development 423

Appraisal Hub

FEBRUARY 15, 2024

Real estate appraisal, whether residential or commercial, is a critical component in the valuation of property assets. In Toronto, a city with a vibrant and diverse real estate market, the distinction between residential and commercial appraisals is particularly significant. At Appraisal Hub Inc., At Appraisal Hub Inc.,

Real Estate 78

Real Estate Appraisal Appraisal Process Inspection 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. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 371

Inventory Housing Market Marketing Construction 371

Housing Wire

SEPTEMBER 14, 2022

Boston — Higher interest rates cooled home-buying demand, leading to fewer closed sales in the First District’s residential real estate markets. Philadelphia — Homebuilders reported that contract signings for new homes continued to fall modestly. Richmond — Residential real estate market activity declined moderately this period.

Construction 368

Construction Real Estate Inventory Supply Chain 368

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? While a land contract might be ideal for you, there are important details you need to know, first.

Contracts 143

Contracts Tenants Legal Sellers 143

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 308

Housing Market Marketing Construction Inventory 308

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. Real estate pros can make their best predictions, but no one knows what will happen with 100% accuracy. We know the feeling.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Raleigh Realty

AUGUST 17, 2021

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in.

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. months , the builders will pause construction. Why so low? Well, builders are in business to make money, they’re not a charity.

Construction 521

Construction Business Contracts Marketing 521

Housing Wire

JANUARY 13, 2023

Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

Marketing 432

Marketing Contracts Supply Chain Project Management 432

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. That is 12 million more than Netflix and 32 million more than LinkedIn.

Investors 380

Investors Agents Real Estate Buyers 380

Simonson Real Estate

DECEMBER 6, 2022

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

The Robert Weiler Company

SEPTEMBER 16, 2021

And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. The goal of a real estate valuation is to pinpoint the price and value of a property. Floor plans. Don’t Be Seduced!”

Real Estate 147

Real Estate Appraisal Property Appraisal Valuation 147

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Boston — First District [Boston] contacts reported that higher mortgage rates had led to somewhat cooler demand for residential real estate, resulting in increased inventories in recent months.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement.

Contracts 478

Contracts Housing Market Realtors Construction 478

McKissock

JULY 26, 2022

Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Constructing a real estate offer is an art. To ensure that this initial stage of the real estate transaction goes well, it’s important to submit the offer in a timely manner.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? 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. Tim and Julie Harris host a podcast for real estate professionals.

Real Estate Agent 350

Real Estate Agent Buyers Real Estate Clients 350

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”.

Mortgage 382

Mortgage Construction Lending Real Estate 382

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical.

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Housing Wire

JULY 28, 2021

“Sales continued to trend lower in June as some builders slow sales contracts to manage supply-chains, amidst longer delivery times and higher construction costs,” said NAHB Chairman Chuck Fowke. While lumber prices have shown some improvement in spot markets, these declines take time to translate into lower construction costs.

Supply Chain 393

Supply Chain Training Construction Development 393

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Be one step ahead of the process once they’re under contract. This is where being proactive matters. Overcommunicate.

Clients 357

Clients Buyers Real Estate Agent Real Estate 357

Housing Wire

DECEMBER 8, 2023

How do you articulate the value you bring when representing a homebuyer in a real estate transaction? Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. Should they consider new construction?

Clients 378

Clients Real Estate Inspection Buyers 378

Housing Wire

OCTOBER 4, 2023

Census Bureau shows how the business landscapes changed for homebuilders , lessors, agents , brokerages and other real estate professionals in the first full year after the pandemic began. Lessors The picture was far less rosy for real estate lessors (typically landlords and real estate investment trusts ) in 2021.

Landlords 349

Landlords Agents Brokerage Supply Chain 349

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? Real estate agents are known to wear multiple hats all the time and to bootstrap themselves more often than one could imagine.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Birmingham Appraisal

NOVEMBER 8, 2022

What Information Is Included In A Real Estate Appraisal Report? I perform appraisals for multiple reasons, including estate planning , probate , divorce , PMI cancellation , pre-listing , and pre-purchase. Because so many people have asked me, “What does a real estate appraisal include?”

Real Estate 87

Real Estate Appraisal Appraisal Process Construction 87

Housing Wire

DECEMBER 19, 2022

With construction costs up more than 30% since inflation began to take off at the beginning of the year, there is little room for builders to cut prices,” NAHB chairman Jerry Konter said in a statement. Looking ahead, Dietz recommended that builders plan one year or more out when thinking about land and construction timelines.

Contracts 365

Contracts Construction Buyers Housing Market 365

Miller Samuel

MARCH 19, 2019

In the original 2014 proposal by the Fiscal Policy Institute, the first item in the proposal is off to a bad start as they describe what happened in the market: These owners bid up the price of NYC residential real estate, and since they don’t spend much time in these units, contribute little to the local economy compared to full-time residents.

Real Estate 370

Real Estate Law Development Investors 370

McKissock

MAY 10, 2023

Many real estate appraisers don’t have the time to mentor a beginner. Or you were a home inspector and/or are familiar with construction, major components, and mechanicals. The nation needs us, yet they don’t see the real reason we exist. Sometimes they fear that the newcomer, once fully trained, will become a competitor.

Real Estate 86

Real Estate Appraisal Training Business 86

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). Other leading housing economists also gave their take during NAR’s Real Estate Forecast Summit about what’s in store for the real estate market in 2023. Realtor.com®:

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left.

Loan Officers 327

Loan Officers Marketing Inventory Real Estate Agent 327

Boston Appraisal

DECEMBER 11, 2023

If you are buying or selling a property, or refinancing your home, you may encounter a real estate appraiser who will appraise your property based on its condition, features, location, and market trends and provide an appraisal valuation. The appraisal process is important for homeowners, buyers and sellers.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Easement 78

Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. Housing starts came in at 1.724 million , and housing permits came in at 1.819 million — both are still very healthy numbers.

Mortgage 445

Mortgage Construction Contracts Housing Market 445

Housing Wire

OCTOBER 26, 2022

The builders will pull back on construction when the supply is 6.5 When rates rose back in March, there was a considerable risk to the business model with many homes under construction. months of supply is still under construction 2.1 months of homes haven’t even started construction. When supply is 4.4

Construction 433

Construction Inventory Contracts Buyers 433

Housing Wire

JULY 26, 2021

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. The real estate industry and the U.S.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. from the prior month, though in-contract deals were still down 17% from February 2022. from February 2022.

Contracts 279

Contracts Realtors Home Value Housing Market 279