Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. On the flip side, newly constructed home sales are forecast to increase 12.3%

Construction 360

Construction Inventory Realtors Housing Market 360

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%

Housing Market 421

Housing Market Realtors Contracts Buyers 421

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?

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

JUNE 30, 2021

The strong increase in home sales and transactions in May —following a dip in April — was a surprise, per Lawrence Yun, National Association of Realtors chief economist, who attributed the home sales increase to mortgage rates remaining below 3%, as well as an uptick, nationally, in listings. year over year. . year over year. All four U.S.

Supply Chain 421

Supply Chain Inventory Buyers Realtors 421

Birmingham Appraisal

APRIL 11, 2023

If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced. 7) Don’t use new construction sales to price an older home- As you would expect, new construction sales typically sell for more than older homes when everything else is equal.

Realtors 85

Realtors Bracketing Agents Buyers 85

Housing Wire

FEBRUARY 18, 2022

annually to $350,000, according to the Friday report from the National Association of Realtors. Homes went under contract in just 19 days on average, down from 21 a year ago. January sales fell 2.3% from a year earlier, though the median existing-home price rose 15.4% The supply of homes for sale fell to a record low, down 16.5%

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

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. “We do not have long-term contracts with many of our real estate partners,” the materials read.

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Investors Agents Real Estate Buyers 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.

Mortgage 406

Mortgage Sellers Contracts Buyers 406

Housing Wire

DECEMBER 29, 2021

Ben Caballero : Our service supports builders, sales, their marketing and then management as it relates to marketing their homes to realtors. What builders don’t need is a realtor to list their homes in a traditional way. So, with our listings, the realtors know they have a level of confidence that the information is accurate.

Realtors 337

Realtors Real Estate Agent Agents Real Estate 337

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 314

Real Estate Brokerage Buyers Property Management 314

Hood Homes Blog

SEPTEMBER 21, 2018

The builder’s rep already preapproved you with their lender and has a contract out ready for you to sign. Thirdly, your agent can test whether or not buying a new construction is really best for you and your needs. These are often homes that are going to have the comfort and updates of a newer construction but at a resale price!

Contracts 36

Contracts Construction Agents Legal 36

Raleigh Realty

FEBRUARY 19, 2022

The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. It's one of the final steps after going under contract. Does a Newly Constructed Home Need an Appraisal? Yes, even a newly constructed home needs an appraisal. Not a cent more.

Appraisal Process 139

Appraisal Process Appraisal Construction Sellers 139

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. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

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.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Eppraisal

OCTOBER 20, 2023

Supply chain disruptions as experienced in recent times can lead to shortages in construction materials. Construction Project Delays Construction project delays can cost homeowners both time and money. Detailed documentation of all project-related communications such as contracts and meeting notes is essential.

Renovations 36

Renovations Supply Chain Inspection Modernization 36

Will Springer Realtor

APRIL 14, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

Empire Appraisal Group

JANUARY 11, 2023

While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, economists predicted Tuesday during the National Association of REALTORS®’ annual Real Estate Forecast Summit. NAHB: Sharp Contraction in Construction. Realtor.com®

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Appraisal Today

JANUARY 19, 2024

An example of this in real estate appraisal is the purchase and sale contract. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.75

Appraisal 72

Appraisal Contracts Real Estate Architecture 72

Housing Wire

MARCH 6, 2024

Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased. Most expect their pipeline of contracts to keep construction busy through the year. Cleveland: Residential construction contacts reported that demand increased as mortgage rates declined.

Mortgage 384

Mortgage Real Estate Inventory Construction 384

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.

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Supply Chain Training Construction Development 397

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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16 baths, 34,380 square feet, 2.65

Appraisal 74

Appraisal Contracts Inspection Real Estate 74

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 277

Construction Retail Mortgage Contracts 277

Lamacchia Realty

APRIL 6, 2022

has released their “Top Producing REALTORS®,” for March 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lamacchia Realty, Inc. Kelly joined the 2021 Lamacchia Realty President’s Club for the first time !

Realtors 69

Realtors Realty Real Estate Agents 69

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” year-over-year.

Housing Market 432

Housing Market Marketing Realtors Inventory 432

D Fritz Appraisals

AUGUST 12, 2019

Appraisers also factor in the neighbourhood, such as nearby school zones, local crime rates, the lot size, proximity to amenities, and any up and coming construction that might increase the value of the existing property. They both happen prior to the sale of a home and are often both added as subjects on a contract.

Inspection 95

Inspection Appraisal Real Estate Property Appraisal 95

Housing Wire

MARCH 23, 2021

A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. On Monday, the National Association of Realtors released data of February’s existing home sales, which were revealed to be weak month-over-month.

Construction 530

Construction Buyers Development Contracts 530

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

Appraisal Today

FEBRUARY 17, 2023

In my city, a commercial building constructed of shipping containers was proposed for a long-vacant site at the primary access to the city’s historic shopping street. A standard commercial building was constructed. == HOW TO USE THE NUMBERS BELOW. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.85

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

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.

Contracts 421

Contracts Inventory Construction Realtors 421

Hood Homes Blog

MAY 6, 2018

Work with a Realtor to avoid many of these issues. Buying New Construction Without a Realtor. Talking with a Realtor can allow you to explore all your options and ensure buying from a builder is the right decision for you. I hear that many other Realtors are wary of foreclosures , often recommending buyers avoid them.

Buyers 36

Buyers Realtors Agents Construction 36

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.

Inventory 409

Inventory Buyers Realtors Contracts 409

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. All four areas saw contract transactions increase from a year-over-year standpoint. Realtor.com’s Housing Market Recovery Index showed yet another month of significant contract growth, especially in Austin, San Antonio, Denver and Sacramento.

Supply Chain 402

Supply Chain Inventory Housing Market Contracts 402

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Living on the edge means constructing places in the most challenging locations, and, in many cases, in the middle of unspoiled nature.”

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

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 332

Housing Market Marketing Contracts Mortgage 332

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.

Inspection 36

Inspection Real Estate Construction Sellers 36

Housing Wire

JANUARY 19, 2024

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. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract.

Housing Market 444

Housing Market Inventory Contracts Marketing 444

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