Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.

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Business Marketing Real Estate Legal 374

Housing Wire

OCTOBER 3, 2023

Through eXp Exclusives, participants will be able to share off-market and pre-market listings with other eXp agents and their clients through a mobile app. But we also understand there are situations where sellers may not want to enter the property into an MLS due to restrictions in showing it and many other unique scenarios.

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Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

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Real Estate Inventory Sellers Realtors 454

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ? A homebuyer’s guide to a competitive housing market.

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Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

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Brokerage Realty Real Estate Inventory 418

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days.

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Marketing Realty Realtors Housing Market 532

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Inventory has been falling for years. months on a 3-month average.

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Housing Market Marketing Supply Chain Inventory 342

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. One such measure is who is entering the market. Today, the average is 2.7

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Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

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Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” Nationwide, inventory is at all-time lows. We are still at least a million listings shy of being a balanced market, so this excuse is not going to subside anytime soon.

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Sellers Clients Inventory Agents 283

Housing Wire

MARCH 22, 2021

And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. That’s likely because those strategies are so common in a competitive market. The result: a bottleneck with scores of would-be buyers in a low-inventory market.

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Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There’s just more buyers than there are sellers,” added Steven Grossman, chief strategic officer at NJ Lenders. Waiting for rates to go down is just a foolish bet.

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Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year.

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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. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings. construction workers.

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Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. Housing permits are growing and this is a good thing for the economy and construction jobs. What a year 2021 has been. We started the year with many pundits saying that the U.S.

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Housing Market Marketing Construction Mortgage 531

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month. year-over-year increase, further complicating things for the Fed. “For

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Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

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Sellers Housing Market Inventory Buyers 383

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

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Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

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Inventory Housing Market Buyers Sellers 544

Housing Wire

MAY 4, 2023

The purchase market is locked up with a lack of inventory thanks to elevated rates and homeowners already having secured low mortgage rates during the pandemic years. Slower housing market With mortgage rates remaining elevated, many sellers feel locked in by their current low mortgage rate.

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Mortgage Inventory Housing Market Buyers 376

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We in November, down from a 9.2%

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Marketing Government Mortgage Sellers 407

Sacramento Appraisal Blog

JULY 25, 2022

We’ve seen a massive change with housing inventory. But is it because sellers are rushing to list their homes? Let’s talk about supply and some things on my mind about today’s market. That’s not the culprit.

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Buyers Inventory Real Estate Sellers 393

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

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Housing Wire

MAY 27, 2021

Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Mortgage Inventory Housing Market Construction 462

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. One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. For Sale By Owners are the same.

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Clients Buyers Real Estate Agent Real Estate 399

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. Even a slight quarter turn in rates will cause many borrowers to wait out the market. That’s a full 5% drop.

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Mortgage Construction Realtors Inventory 543

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns.

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Inventory Construction Real Estate Renovations 68

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Inventory issues. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. All about the rates.

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Mortgage Inventory Real Estate Technology 509

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% months of supply; a healthy market generally has between four and six months of supply. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5%

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Supply Chain Inventory Buyers Contracts 407

Housing Wire

DECEMBER 8, 2023

In today’s market, having a preapproval, at the minimum, is a must. Should they consider new construction? Find them the right home Inventory is scarce, and will likely stay that way for a while. There are other ways to find inventory rather than just using your MLS. What steps must they take to achieve loan commitment?

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Housing Wire

SEPTEMBER 21, 2022

With the Federal Reserve expected to raise interest rates by 75-basis points this week, the near-term future for the housing market appears gloomy. Higher mortgage rates are discouraging many potential home sellers from listing their property. In August, NAR found that the inventory of existing homes dropped 1.5%

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Inventory Sellers Realtors Housing Market 369

Housing Wire

NOVEMBER 3, 2020

Home purchase demand managed to maintain pace through the summer, and now through the fall, as record low mortgage rates continued to encourage new borrowers to enter the market. And if the economy’s recovery is sluggish next year, distressed sales may also add to market inventory,” said Frank Nothaft, chief economist for CoreLogic.

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Inventory Housing Market Construction Marketing 475

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. ” The Fed’s short-term rate does not directly impact long-term mortgage rates but it does steer market activity to create higher rates and reduce demand. About 9.1%

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Mortgage Loan Officers Buyers Inventory 415

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. But the current prices aren’t deterring homebuyers.

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Sellers Housing Market Marketing Buyers 454

Housing Wire

OCTOBER 21, 2021

These rapidly rising prices have made an already challenging market for local buyers even more frustrating, similar to the situation in another New England metro. Exacerbating the issue of soaring demand is an incredibly low level of inventory. “At At the moment we have about four weeks of inventory,” Mannix said. “A

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Buyers Inventory Agents Realty 371

Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. Tables have turned for some sellers.

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Mortgage Sellers Contracts Buyers 404

Housing Wire

DECEMBER 20, 2023

Finding the right house for your buyers in today’s market is a bit like a safari. If your buyers can’t or won’t compete for scarce inventory, change your strategy. Search for homes that have 30-plus days on the market, even 60- or 90-plus days as well. You’d better get in front of that.

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Real Estate Agent Buyers Real Estate Clients 391