Appraisal Buzz

AUGUST 10, 2022

homes that were listed for 30 days or longer without going under contract increased 12.5% the technology-powered real estate brokerage. of for-sale homes were on the market for at least 30 days, up from … The post ‘Stale’ Housing Inventory Rises in July appeared first on DSNews. The share of U.S.

Inventory 195

Inventory Brokerage Contracts Real Estate 195

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. The over 50% inventory being moved is more than half of the 18,000 number, a company spokesperson said Thursday. billion as of Sept.

Inventory 427

Inventory Real Estate Agent Investors Market Value 427

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. We could measure this change because inventory stopped rising nationally during those months.

Real Estate 321

Real Estate Marketing Inventory Sellers 321

Housing Wire

MAY 27, 2021

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? Contract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes,” said Lawrence Yun, NAR’s chief economist. dropping 4.4% from the previous month to an index of 106.2,

Inventory 437

Inventory Realtors Contracts Marketing 437

Housing Wire

AUGUST 17, 2023

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. Create a list of vendors and products you’re using, monthly costs and other pertinent details like the sales rep, website and contract terms.

Real Estate 366

Real Estate Contracts Tools Training 366

Housing Wire

AUGUST 28, 2020

As Americans ditch urban cores for roomier abodes in the suburbs, real estate agents say the list of must-haves has changed: buyers are looking for pools, home offices and makeshift learning centers. In Dallas, even though demand is through the roof and inventory is low, buyers remain choosy. The post Two home offices?

Real Estate Agent 475

Real Estate Agent Real Estate Agents Buyers 475

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun. Meanwhile the Northeast (63.2) and the Midwest (77.5)

Inventory 417

Inventory Contracts Buyers Realtors 417

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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 145

New Listings Contracts Inventory Real Estate 145

Housing Wire

MAY 25, 2023

“Elevated mortgage rates and economic uncertainty, along with still-low inventory, means that new pending sales were down more than 20% from a year ago, and were lower even compared to 2019 levels.” An index of 100 is equal to the level of contract activity in 2001. Regionally, the Midwest (78.4), South (99.6), and West (62.2)

Inventory 383

Inventory Housing Market Contracts Government 383

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Year over year, all four regions saw declining transactions.

Inventory 407

Inventory Contracts Housing Market Realtors 407

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. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Overall, Zillow reported $9.6

Renovations 383

Renovations Real Estate Construction Contracts 383

Housing Wire

DECEMBER 8, 2023

How do you articulate the value you bring when representing a homebuyer in a real estate transaction? Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. There are other ways to find inventory rather than just using your MLS.

Clients 427

Clients Real Estate Inspection Buyers 427

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. Exclusivity: No Trial period: No Contract requirements: Annual contract required SmartZip is a lead generation, marketing and CRM solution founded in 2008.

Advertising 427

Advertising Tools Real Estate Sellers 427

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. Find them their dream home.

Clients 427

Clients Buyers Real Estate Agent Real Estate 427

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. I’ve seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada.

Buyers 417

Buyers Mortgage New Listings Real Estate Agent 417

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. in 2022.

Inventory 417

Inventory Renovations Contracts Buyers 417

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. On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22 Meanwhile, unsold inventory sat at a 3.6-month

Inventory 407

Inventory Realtors New Listings Contracts 407

Housing Wire

OCTOBER 26, 2021

In May the real estate agent listed a two-bedroom home in Fountain Hills, Arizona, 30 miles north of Phoenix, for $342,000. With one of only a few companies that provide an iBuying offering halting business, it does present an opportunity to us as customer demand for streamlined, on-demand real estate solutions remain high.”.

Supply Chain 530

Supply Chain Real Estate Real Estate Agent Clients 530

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. There is no indication that contract activity will wane in the immediate future, particularly in the suburbs, Yun said.

Contracts 481

Contracts Realtors New Listings Real Estate 481

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. The NAR’s Pending Home Sales Index fell to a reading of 76.5

Contracts 370

Contracts Inventory Housing Market Realtors 370

Hank Miller Team

MARCH 6, 2024

About two years ago this month, Atlanta real estate and interest rates started a very complex relationship. The Fed slammed the brakes on low rates, and despite the initial wobble, the Atlanta real estate market found stability and firm ground. A balanced market tends to have 3-5 months of inventory, this was down to 1.1

Real Estate 52

Real Estate Sellers Buyers Inventory 52

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. Tim and Julie Harris host a podcast for real estate professionals.

Real Estate Agent 417

Real Estate Agent Buyers Real Estate Clients 417

Housing Wire

FEBRUARY 15, 2024

billion in inventory. billion in inventory. “We We intentionally slowed our home acquisitions beginning in the second half of 2022, prioritizing risk management and inventory health,” said Christy Schwartz, Opendoor’s interim chief financial officer. This resulted in lower sales volumes in 2023 versus the prior year.”

Business 416

Business Advertising Inventory Contracts 416

Housing Wire

MARCH 15, 2024

You should be finding buyers before real estate agents anyway.” Having to be somebody’s confidant and advisor on the real estate part would be “tough.” He shows up for open houses and teaches courses at real estate brokerage firms, which allowed him to build relationships with agents throughout his career.

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

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. Binney said.

Inspection 407

Inspection Real Estate Agent Real Estate Insurance 407

Housing Wire

JANUARY 10, 2024

Between leveraging your personal network, filming YouTube videos and even the unpleasant task of cold prospecting, real estate professionals today wear all the hats. Yet, in a competitive real estate market, agents don’t always have the luxury of investing months into long-term brand-building.

Real Estate 417

Real Estate Real Estate Agent Tools Agents 417

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. I was already using buyer broker contracts, but now use them 100% of the time.

Agents 427

Agents Realtors Clients Real Estate Agent 427

Housing Wire

OCTOBER 31, 2023

In August, pending home sales , existing home sales and new home sales all fell compared to the previous month, as mortgage rates climbed and inventory remained scarce. The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that the August data includes homes that went into contract in June.

Inventory 475

Inventory Housing Market Contracts Realtors 475

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%

Contracts 417

Contracts Inventory Housing Market Marketing 417

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 475

Buyers Realtors Inventory Sellers 475

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? One of the first questions new Realtors have for me is always 'how much money will I make in my first year?'

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 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.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year in 2023 to 670,000 homes due to higher new home inventory than existing home inventory. year over year.

Inventory 427

Inventory Realtors Contracts Construction 427

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. For that reason, real estate prices are only going in one direction — and that’s up. economy remains hot.

Loan Officers 417

Loan Officers Mortgage Buyers Inventory 417

Housing Wire

APRIL 17, 2023

In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It We are still seeing properties going under contract quickly, so long as they are priced properly,” he said. This popularity has resulted in constrained inventory.

Housing Market 395

Housing Market Marketing Inventory Buyers 395

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. If there are no comparable sales that support the contract price, this may result in a lower appraised value.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78