Housing Wire

DECEMBER 3, 2020

It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. But last week, I listed a home for $1.17

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Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year ago. “While the 6.7

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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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Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said.

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Housing Wire

NOVEMBER 3, 2020

Data from the National Association of Realtors and U.S. COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. Affordable home sales, on the other hand, declined by 4.2%.

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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. Tables have turned for some sellers.

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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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Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

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Empire Appraisal Group

APRIL 21, 2022

Source: Listing Prices Hit Highest Median Ever | Realtor Magazine. However, economists say that buyers may soon see relief with expectations of more inventory coming that could help relieve some of the pricing pressures. Housing inventory is expected to hit positive territory year over year this summer, according to realtor.com®’s

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Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. “It percentage points of the loan amount,” Nunziata said.

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Housing Wire

FEBRUARY 13, 2024

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. New construction is backed up,” she said.

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Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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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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Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. At the end of March, total housing inventory sat at 1.11 Meanwhile, unsold inventory sat at a 3.2-month

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Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Last year was a tough one for the Indiana real estate market.

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Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Again, good news for sellers; a headache for seekers. Home Buyer Profiles The number of first-time home buyers is growing substantially , according to the National Association of Realtors.

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Eppraisal

SEPTEMBER 24, 2021

These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." According to data from the National Association of Realtors, first-time buyers made up 31% of buyers so far this year and 33% last year.

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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%

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Eppraisal

FEBRUARY 22, 2022

Yet swelling house prices go far beyond new construction and that is good news for the owners of existing homes. As is evident, a seller can take advantage of inflation with a high sales price, especially if the seller is downsizing to a less expensive residence. Who Does Inflation Help?

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Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). The pent-up demand will surely be realized soon, especially if mortgage rates and inventory move favorably.” million. “The from June 2022 (1.25

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Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers These low loan rates are pushing buyers to risk virus exposure in search of better housing. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. During the height of the pandemic, new home construction ground to a halt.

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Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. During the height of the pandemic, new home construction ground to a halt. What does this mean for sellers? Compared with May of 2019, existing home sales were down 26.6%.

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Lamacchia Realty

MAY 6, 2021

City and town offices were ordered to shut down at the beginning of the pandemic causing delays for attorneys who need municipal certificates, mortgage companies were extremely backed up due to the low rates which caused a litany of refinancing applications, and extremely low inventory and high buyer demand flipped the market upside down.

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Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 NAR’s 2020 profile of home buyers and sellers found that the annual share of first-time buyers was 31%. Existing-home sales rose 7.0%

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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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Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. Top Ranked Realtors: Paige Martin & The Houston Properties Team. We expect a nationwide drop in home values as home inventory continues to shrink and we start to feel the economic impact of last year’s mishaps. Do You Want To Buy A Home Now? Need To Sell? I May Need To Sell.

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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. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth.

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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

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.

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Cleveland Appraisal Blog

MAY 13, 2021

THE SELLER’S VIEW. This is the strongest seller’s market I have ever seen. Home prices and construction costs are surging so rapidly that it is difficult to find an affordable home, let alone one that will not require paying more than market value for. THE REALTOR’S VIEW. It is a catch twenty-two.

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DataMaster

JANUARY 15, 2021

It’s a seller’s market! 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. How will it fare?

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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%

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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.

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Marketing Sellers 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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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.

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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. Why We're Fearful: Buyer & Seller Mistakes. Best Houston Realtors: Paige Martin & The Houston Properties Team. Best Houston Realtors: Paige Martin & The Houston Properties Team. Table of Contents.

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