Housing Wire
MARCH 15, 2024
These efforts include having open house programs to help seller agents and co-marketing home listings with these professionals, using social media to reach borrowers, and sometimes buying leads, according to Kortas. On average, about 50% of referrals to a retail LO come from buyers’ agents, VanFossen said.
Appraisal Today
JANUARY 20, 2023
Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market. In other words, if the comps suggest a value at $500,000, it doesn’t matter if the subject is in contract at $500,000 with the seller giving 3% back for closing costs.
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Appraisal Today
FEBRUARY 3, 2023
Shoppers, for example, can enter phrases like “$700K homes in Charlotte with a backyard” or “open house near me with four bedrooms” directly into the search bar, rather than starting with a location and having to filter through the homes they find, Zillow said. percent from 6.20 percent from 5.92 percent from 6.22
Appraisal Today
SEPTEMBER 30, 2022
Keep in mind it’s going to take a number of months before we completely see the effect of higher rates in data for closed sales, but we should see it soon in things like price reductions, days on market, open house traffic, and stories from the trenches. The average contract interest rate for 5/1 ARMs increased to 5.30
Houston Properties
JANUARY 13, 2021
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. The typical real estate purchase process takes about 4-6 months (including being under contract for ~30-45 days).
Appraisal Today
AUGUST 25, 2023
In Bakersfield, for example, Golden Empire MLS participants can submit a form to post new listings, open houses and price changes. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.31 The average contract interest rate for 5/1 ARMs increased to 6.50
Appraisal Today
JULY 29, 2022
From horror movie-esque semi-abandoned homes for rent to home decor that overshot “unique”, the owners and agents behind these funny ads thought things were perfect just as they were for their photos and open houses. Four things about Today’s Housing Market. This is actually about fewer buyers getting into contract.
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