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. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JANUARY 3, 2024

When looking at the challenges the first quarter of the year will pose agents, the most popular response was “low inventory,” followed by “getting listings” and “interest rates and inflation.” Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 423

Agents Realtors Clients Real Estate Agent 423

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 64

Sellers Realtors Buyers Inventory 64

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Tables have turned for some sellers.

Mortgage 404

Mortgage Sellers Contracts Buyers 404

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

Housing Wire

MAY 10, 2022

The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. By using real time inventory data, and stratifying by income, the report highlights that for a household who earns $75,000 to $100,000 they have 411,000 fewer homes available for sale compared to pre-pandemic.

Housing Market 442

Housing Market Realtors Buyers Inventory 442

Housing Wire

AUGUST 28, 2020

The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. Specifically, I’m talking about listing agreements and sales contracts. The first is listing tools – the products designed for you to convert potential sellers into listing contracts.

Tools 308

Tools Sellers Real Estate Contracts 308

Hank Miller Team

MARCH 6, 2024

Home Sales Drop in Atlanta From a pure "number of transactions" point, closings and contracts cratered in '22 as buyers rapidly fell out and sellers chased those that remained. '23 23 saw a less severe drop in contracts and closings, sellers also recognizing that bull run was over. Closings -44.6 in Feb '22.

Real Estate 52

Real Estate Sellers Buyers Inventory 52

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

Buyers 393

Buyers Agents Loan Officers Real Estate 393

Hank Miller Team

JANUARY 9, 2024

drops in contract and sale prices All categories saw positive growth out of the Dec '22-Jan '23 lows Home prices for Q1 '24 into Q2 '24 in the greater Atlanta real estate market will be heavily influenced by inventory. Listings settle around Feb '23 and as the year moves along, contracts and sales increase.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 424

Marketing Mortgage Investors Sellers 424

Hank Miller Team

APRIL 9, 2024

Telling you about dropping rates, dropping prices and increasing inventory. Ignored by the MSM is the simple fact that sellers were never obligated to pay the buyer agent commission to begin with. The disinformation with the economy, interest rates and now commissions have the public, especially buyers and sellers, confused.

Buyers 40

Buyers Sellers Real Estate Agents 40

Hank Miller Team

DECEMBER 17, 2021

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. See the inventory bumps as we head into the first quarter?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Birmingham Appraisal

MAY 11, 2022

Last year was record-breaking in many areas, so to only compare the present activity against it would not be fair. Median home prices continue to rise as a result of high demand and limited inventory. First-quarter stats show a steady increase from 2017 to the present. Median Sales Price. Sale Price to List Price Ratio.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

Realtor

OCTOBER 16, 2023

This can give buyers the edge, as Ameer points out, “given today’s tight market with low inventory. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.” Being fully approved also allows buyers to close the deal in a much shorter time—two to three weeks in most cases.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Hank Miller Team

AUGUST 14, 2022

That long view is needed; reacting every time some piece of data is present will make you nuts. Granular data (by the week or two) is critical tactically; what do buyers and sellers in the market right now need to know? Covid trips Q4 but as 2021 opens contract and sale prices jump. That ended late Q2’21 as the Fed stepped in.

Real Estate 40

Real Estate Marketing Contracts Inventory 40

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.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Appraisal Today

APRIL 5, 2024

February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.35

Appraisal 76

Appraisal Contracts Business Construction 76

Appraisal Today

DECEMBER 8, 2023

Rather, it is merely to present them for discussion and analysis. High rates have forced some sellers to lower their asking price to make up for high interest rates on monthly payments. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago.

Appraisal 66

Appraisal Real Estate Contracts Design 66

Chicagoland Appraisal Blog

JULY 13, 2017

You can employ his strategy which is to offer to make up any shortfall in the appraisal with cash from the buyer to pay the seller, go with a new lender, appeal the appraisal which hardly ever works unless there factual errors as suggested by Mr. Goldberg or might I suggest an ounce of prevention is worth a pound of cure as quoted by….

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

Housing Wire

JULY 17, 2023

By October 2022, it looked like 2023 would have rising inventory and falling home prices. Sellers have not materialized, and buyers have been buying everything that becomes available. Inventory has fallen all year. The peak of inventory for 2023 so far was the week of the New Year — that is insane. There was no crash.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Birmingham Appraisal

OCTOBER 26, 2022

This smaller pool of buyers decreases the demand on the existing inventory of homes and this results in homes selling for less than the asking price and taking longer to sell. Some sellers are living in the pre-interest rate shift era that occurred in the first half of this year when they should be living in the present.

Marketing 92

Marketing Buyers Appraisal Real Estate 92

Housing Wire

FEBRUARY 23, 2021

Presented by: Fannie Mae. Rates have slowly climbed back towards 3% in the past few months, but inventory is still low , keeping prices high. Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. But home prices have increased.

Inventory 433

Inventory Finance Contracts Construction 433

Housing Wire

OCTOBER 12, 2022

Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. Presented by: Polly. annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7%

Contracts 414

Contracts Modernization Housing Market Mortgage 414

Cleveland Appraisal Blog

MAY 18, 2023

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. The agent went on to mention that many people she knows would like to sell their home but are afraid of not finding another one because inventory levels are so low.

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333

Appraisal Today

AUGUST 5, 2022

If you don’t have time to watch the video, download the presentation slides and scroll through to see if there is anything you want to know about. The market is shifting from a sellers’ paradise to one where buyers can now start making a few demands of their own. That’s what I did. For more details and graphs, click here.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Lamacchia Realty

MARCH 26, 2024

Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. Brokerages Invest in Tech.

Real Estate Agent 414

Real Estate Agent Real Estate Agents Brokerage 414

Lamacchia Realty

JANUARY 25, 2024

As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Fast forward to the present, and no crash has occurred. Sales Decline by 23.2%

Inventory 57

Inventory Sellers Buyers Real Estate 57

Raleigh Realty

FEBRUARY 19, 2022

Not only does this help new agents learn all the inventory in their local markets but it also gets them familiar with driving through all the subdivisions and neighborhoods. The skills required to help home buyers and sellers successfully buy and sell real estate have nothing to do with networking all day.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. Properties are still going under contract. Based on last year’s sales data, the number of homes that have gone under contract is still consistent with figures prior to the coronavirus and the oil price crash. 2020 ended favoring sellers. Do You Want To Buy A Home Now?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Assurance Financial

MAY 10, 2022

During home shopping, most homebuyers want to know whether the current housing market is a seller’s market or a buyer’s market, along with how to get a good deal in a seller’s market. Buyer’s vs. Seller’s Market. Seller’s Market. What Is a Seller’s Market?

Marketing 69

Marketing Real Estate Agent Sellers Buyers 69

Hank Miller Team

APRIL 4, 2022

What are the trends, inventory, mortgage rates, forecasts? What are the winning buyers doing; waiving/modifying contingencies, extra earnest money, option money, post close occupancy for sellers? While there are no guarantees (esp in real estate), most of the buyers getting under contract are exercising measured risk.

Buyers 75

Buyers Inspection Sellers Contracts 75

Lamacchia Realty

JULY 26, 2023

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2023 compared to the same period last year, January 1 st to June 30 th , 2022. To learn more about inventory, click on the chart on the right. times what they were during the pandemic.

Sellers 57

Sellers Inventory Buyers Contracts 57

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 49

HOA Inventory Buyers Contracts 49

Lamacchia Realty

AUGUST 17, 2022

For New Hampshire, it presents home sale statistics and average sales prices. As the Fed continues to combat the high levels of inflation currently present in the economy, mortgage interest rates have fluctuated as a result, jumping around from just above 5% to just below 6% during the month of July. Highlights. supply is too low).

Sellers 70

Sellers Buyers Inventory Contracts 70