Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. Midwest metros like Minneapolis, St.

Housing Market 410

Housing Market Marketing Inventory Buyers 410

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

Housing Market 384

Housing Market Marketing Contracts Buyers 384

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

Marketing 432

Marketing Mortgage Investors Sellers 432

Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. But it’s clear that the dramatic shift in the market is about more than just seasonal fluctuations.

Real Estate 324

Real Estate Marketing Inventory Sellers 324

Inman

FEBRUARY 5, 2024

In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary.

New Listings 167

New Listings Contracts Inventory Real Estate 167

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.”

Inventory 410

Inventory Realtors New Listings Contracts 410

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. SmartZip’s analytics are based on over 250 data points related to the properties and homeowners in your target market. Automated marketing: Yes.

Advertising 431

Advertising Tools Real Estate Sellers 431

Appraisal Buzz

MARCH 28, 2024

Month-over-month, contract signings climbed in the Midwest and South but sank in the Northeast and West. Ongoing job gains are clearly increasing demand along with more inventory.” There will be a steady rise in inventory from recent growth in home building,” Yun adds. Pending home sales increased 1.6% in the Midwest and 1.1%

Inventory 195

Inventory Housing Market Contracts Realtors 195

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise.

Buyers 479

Buyers Realtors Inventory Sellers 479

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

APRIL 30, 2021

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on. “COVID just accelerated everything.”

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising.

Sellers 496

Sellers Marketing Inventory Contracts 496

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. However, in many areas of the country it does remain a seller’s market.

Realtors 397

Realtors Housing Market Marketing Buyers 397

Inman

MARCH 31, 2023

To make their multimillion-dollar properties more attractive and move them more quickly, some sellers have been cutting their asking prices precipitously and negotiating other add-ons into contracts.

Sellers 156

Sellers Contracts Realty Inventory 156

Housing Wire

NOVEMBER 28, 2023

Home prices rallied in September, as homebuyers still outnumbered sellers. Low levels of existing home inventory contributed to keeping home prices elevated. The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that it tracks homes that went into contract in July, August and September.

New Listings 421

New Listings Contracts Inventory Sellers 421

Housing Wire

AUGUST 3, 2023

Opendoor continued to feel the market’s headwinds in the second quarter of 2023, which led to fewer homes sold and lower revenues in the period. housing market,” Wheeler said. Meanwhile, Opendoor’s inventory balance reached $1.1 billion in the quarter, representing 3,558 homes.

Inventory 370

Inventory Contracts Sellers Housing Market 370

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. It dishes out everything from email and SMS marketing to effective lead capture forms and an integrated CRM system. However, Market Leader may not be ideal for larger teams or those looking for more customization.

Real Estate 431

Real Estate Real Estate Agent Tools Agents 431

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. Overall, Zillow reported $9.6

Renovations 384

Renovations Real Estate Construction Contracts 384

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said. Home prices not expected to fall Home prices are high due to competition among buyers for limited inventory in the market.

Buyers 421

Buyers Mortgage New Listings Real Estate Agent 421

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. “We We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun.

Contracts 485

Contracts Realtors New Listings Real Estate 485

Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. Regarding the purchase market , Kan said mortgage applications increased slightly because a 1.7% from the week prior.

Inventory 410

Inventory Contracts Government Mortgage 410

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.

Clients 432

Clients Buyers Real Estate Agent Real Estate 432

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. How do we know the housing market is shifting?

Sellers 69

Sellers Housing Market Marketing Inventory 69

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 65

Sellers Realtors Buyers Inventory 65

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Buying a home is not for the faint of heart, especially when inventory is so low and affordability is a challenge.

Appraisal 450

Appraisal Contracts Tools Valuation 450

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.

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

Contracts 400

Contracts Landlords Inventory New Listings 400

Housing Wire

NOVEMBER 29, 2021

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” When inventory rises and more supply is on the market, this means demand is fading.

Inventory 530

Inventory Contracts Training Investors 530

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. Homes went under contract in just 19 days on average, down from 21 a year ago. January sales fell 2.3% from a year ago. “While the 6.7

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

Housing Wire

DECEMBER 8, 2023

Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. In today’s market, having a preapproval, at the minimum, is a must. Find them the right home Inventory is scarce, and will likely stay that way for a while.

Clients 432

Clients Real Estate Inspection Buyers 432

Housing Wire

APRIL 25, 2023

However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. To remain in the market and stay competitive, many buyers are looking at lower priced homes to stay afloat, with homes in the lowest price tier seeing the most competition and price growth early this spring.”

Inventory 397

Inventory Contracts Buyers Sellers 397

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

Inspection 410

Inspection Real Estate Agent Real Estate Insurance 410

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million to 1.28

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Housing Wire

APRIL 15, 2024

How will homebuyers and sellers react and how quickly can we measure it? Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. That’s up 2.6%

Inventory 432

Inventory Mortgage New Listings Sellers 432

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!

Sellers 370

Sellers Construction Real Estate Finance 370

Hank Miller Team

JULY 18, 2022

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Atlanta is over the national average but well off the leaders at 17th of the sampled markets. Still, 22 of contracts terminating isn't a anything to ignore. Can Sellers Sue? Can a seller sue the buyer?

Contracts 52

Contracts Sellers Buyers Agents 52