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

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

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 155

Sellers Contracts Realty Inventory 155

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. Use AI-powered lead generdation to identify high-priority sellers. Access leads immediately — directly in your inbox. Automated marketing: Yes.

Advertising 421

Advertising Tools Real Estate Sellers 421

Housing Wire

MAY 4, 2023

On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Sales and new pending contracts are below pre-pandemic levels. Inventory has increased from a year ago but in most markets, it is still well below pre-pandemic levels. Selective sellers. Buyer disappointment.

Housing Market 420

Housing Market Marketing Inventory Buyers 420

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 485

Sellers Marketing Inventory Contracts 485

Housing Wire

AUGUST 3, 2023

. “As of quarter end, 99% of the homes we made offers on between March and June of last year were sold or under resale contract and our new book of inventory is generating positive unit economics in what continues to be an uncertain time in the U.S. Meanwhile, Opendoor’s inventory balance reached $1.1

Inventory 365

Inventory Contracts Sellers Housing Market 365

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.”.

Renovations 384

Renovations Real Estate Construction Contracts 384

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

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 400

New Listings Contracts Inventory Sellers 400

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 For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We This popularity has resulted in constrained inventory.

Housing Market 394

Housing Market Marketing Inventory Buyers 394

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

OCTOBER 24, 2022

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. The big question is: how long will the market contraction last and when should we expect things to heat back up? Inventory and price reductions have resumed climbing now.

Real Estate 324

Real Estate Marketing Inventory Sellers 324

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

NOVEMBER 7, 2023

One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. Change the search area, change the type of home or find an equally great school district to look in that has more inventory. Be one step ahead of the process once they’re under contract. Find them their dream home.

Clients 425

Clients Buyers Real Estate Agent Real Estate 425

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 485

Contracts Realtors New Listings Real Estate 485

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 445

Appraisal Contracts Tools Valuation 445

Housing Wire

MARCH 27, 2023

In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. That’s a significant decline from February 2022, when 38% of homes in Austin were under contract within two weeks of being listed. Sellers are locked in because they can’t justify giving up a 2.9%

Housing Market 380

Housing Market Marketing Contracts Buyers 380

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. This concept is counter-intuitive.

Inventory 428

Inventory Mortgage New Listings Sellers 428

Housing Wire

DECEMBER 15, 2021

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%. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. rise in conventional applications offset a 1.6% the previous week.

Inventory 409

Inventory Contracts Government Mortgage 409

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 504

Buyers Agents Mortgage Real Estate Agent 504

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

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. Still, 22 of contracts terminating isn't a anything to ignore. Why Contracts Terminate There are many moving parts to a successful real estate transaction, it takes a significant amount of time and effort to make them look boring.

Contracts 52

Contracts Sellers Buyers Agents 52

Housing Wire

NOVEMBER 2, 2023

Using analytics, it identifies potential sellers and prompts them to explore their home’s value on HousingNow.com, where leads must provide information to view listings. However, Market Leader may not be ideal for larger teams or those looking for more customization.

Real Estate 417

Real Estate Real Estate Agent Tools Agents 417

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 409

Inspection Real Estate Agent Real Estate Insurance 409

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% Homes went under contract in just 19 days on average, down from 21 a year ago. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year earlier, though the median existing-home price rose 15.4%

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

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. . “The 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

DECEMBER 23, 2022

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 relatively low inventory will be the primary driver of subdued transactions. Inventory has been rising in recent months but there is still only three months of supply nationally.

Housing Market 406

Housing Market Marketing Inventory Buyers 406

Housing Wire

APRIL 25, 2023

However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. Because most home sales take several months from contract to closing, the data likely includes some deals struck in October and November. to a reading of 297.68.

Inventory 382

Inventory Contracts Buyers Sellers 382

Housing Wire

JUNE 24, 2021

If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close. The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. The trio closed a $7 million seed round in 2019.

Sellers 380

Sellers Buyers Investors Inspection 380

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now. The median time a home is on the market before contracting is 6 days.

Inventory 94

Inventory Contracts Buyers Sellers 94

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

NOVEMBER 29, 2022

While buyers are stepping aside waiting for more affordable prices and rates – causing the slowdown on price growth – would-be sellers are sticking their ground and holding tight to the inventory they currently own,” Nicole Bachaud, Zillow’s senior economist, said in a statement. “As to a reading of 317.35.

Inventory 369

Inventory Contracts Sellers Finance 369

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. 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.

Clients 430

Clients Real Estate Inspection Buyers 430

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. I am a big fan of inventory to 2019 levels.

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Listing Spark

JUNE 21, 2022

Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. Today, high amounts of homeowners equity and demand paired with an extreme shortage of inventory make for very different market conditions compared to the last crash. Pending listings declined by 3.9%

Sellers 69

Sellers Housing Market Marketing Inventory 69