Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. RE/MAX’s toolbox is so impressive; joining RE/MAX for agent development, education, technology and marketing is going to benefit our agents and their clients in a big way.”

Brokerage 354

Brokerage Technology Agents Training 354

Housing Wire

MARCH 29, 2023

“Purchase applications remain over 30% behind last year’s pace, but recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.” Census Bureau and the Department of Housing and Urban Development ( HUD ). But it’s not just mortgage demand that has fluctuated recently.

Mortgage 395

Mortgage Real Estate Agent Buyers Loan Officers 395

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 471

Real Estate Buyers Agents Sellers 471

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Miller Samuel

DECEMBER 4, 2019

Lisa mentioned the topic of "inventory loans" that developers are relying heavily on to limp to the next upcycle with lots of unsold inventory. Hedge funds have dived headfirst into this space, even developers who are in good financial state are lending money on unsold condo inventory.

Real Estate Agent 195

Real Estate Agent Inventory Development Agents 195

Housing Wire

JUNE 28, 2022

I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2 The reality is that home sellers and builders had too much pricing power. million or higher.

Housing Market 448

Housing Market Marketing Inventory Investors 448

Housing Wire

JANUARY 9, 2024

What remains an unknown, however, is whether housing inventory, pricing and interest rates will settle into a goldilocks zone that allows home equity lending to flourish. While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.”

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Lending Inventory Mortgage Finance 425

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Why It’s Hard to Meet Housing Inventory Needs Right Now. Why Is U.S.

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Inventory Construction Real Estate Renovations 68

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

Real Estate 341

Real Estate Open Houses Brokerage Real Estate Agent 341

Housing Wire

JUNE 3, 2022

This week’s HW+ member spotlight features Stuart Sim, head of industry development and brand ambassador at Chime Technologies. Prior to Chime, he has held a number of leadership roles, including roles at Realtor.com and NCL Sales & Strategy Consulting.

Real Estate 348

Real Estate Technology Tools Realtors 348

Housing Wire

MAY 10, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. David Doctorow : We feel for home buyers and sellers. For buyers in today’s market, the severe lack of inventory adds another layer of frustration, FOMO (fear of missing out) and a sense of urgency.

Real Estate Agent 402

Real Estate Agent Real Estate Agents Marketing 402

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Implement targeted marketing campaigns: Dig into your CRM and develop targeted marketing campaigns to reach out to your SOI effectively.

Real Estate Agent 354

Real Estate Agent Real Estate Agents Clients 354

Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. Zillow also reported an uptick in movers to the South over the past year – specifically, to the Sun Belt cities of Phoenix, Charlotte, N.C., and Austin.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

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 341

Agents Realtors Clients Real Estate Agent 341

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 378

Buyers Agents Loan Officers Real Estate 378

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

Clients 382

Clients Agents Buyers Sellers 382

Housing Wire

OCTOBER 2, 2020

Caliber, headed by CEO Sanjiv Das, has retail, wholesale and correspondent lending channels, and has developed a large book of business in the purchase space. Caliber is also among the 10 biggest GSE sellers, at nearly $34 billion in mortgages through August 2020. As of Sept. That placed Caliber just behind United Wholesale Mortgage.

Valuation 334

Valuation Retail Mortgage Inventory 334

Housing Wire

OCTOBER 15, 2020

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. Seeking new inventory sources. In 2008, 2009, it was triage.

Buyers 331

Buyers Development Renovations Retail 331

Hank Miller Team

OCTOBER 19, 2022

Some home sellers take things personal and can be reluctant to acknowledge the changing market; none of that applies to their home. "the seller doesn't need to sell" Doesn't need to sell is one of the stupidest things anyone in real estate will say or hear. They are ahead of sellers in acknowledging the shift.

Sellers 40

Sellers Agents Buyers Inventory 40

Housing Wire

JANUARY 16, 2024

Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. It’s a positive development. The longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Higher mortgage rates means more inventory. That’s a 1.2%

Inventory 426

Inventory New Listings Sellers Contracts 426

Housing Wire

APRIL 4, 2022

With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers. Earlier last year, the Department of Housing and Urban Development ‘s Sec. Marcia Fudge said that there are no plans to lower mortgage insurance premiums in the near future.

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Insurance Loan Officers Sellers Mortgage 361

Birmingham Appraisal

FEBRUARY 6, 2024

In this post we’ll discuss average and median sold price, average days on the market (DOM), and months of inventory. This information can be used to advise sellers on how to price in this situation. In a seller’s market, where there are more buyers than available homes, prices might be higher.

Inventory 79

Inventory Real Estate Sellers Buyers 79

Housing Wire

MAY 11, 2021

How Opendoor could sell comparably fewer homes in Q1 amid historically high demand and low inventory was not addressed on a Tuesday earnings call. Founded in 2014, Opendoor is a pioneer in cash home-buys moving online, and an alternative to home sellers having to work with real estate agents.

Real Estate Agent 324

Real Estate Agent Real Estate Brokerage Inventory 324

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

Inventory 296

Inventory Housing Market Marketing Real Estate 296

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. So why is this program so rare?

Mortgage 367

Mortgage Loan Officers Government Buyers 367

Housing Wire

APRIL 8, 2021

“The issue up here is we just can’t keep any inventory,” Fronk said. “The backup offer could have gotten the seller a little bit more, but it was a site-unseen offer and the seller felt a little more comfortable going with the first offer.” “And it was a cash offer,” she said.

Housing Market 401

Housing Market Marketing Sellers Buyers 401

Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. Total year-end sales volume ended at 5.64 Therein lies the problem.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Cleveland Appraisal Blog

OCTOBER 14, 2021

It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. Before the pandemic, there was already a shortage of housing inventory in many parts of the country, including in Northeast Ohio. Typically, when there is a shortage of inventory, with high demand, prices increase.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 482

Inventory Contracts New Listings Mortgage 482

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. of FHA loans, 10.3%

Construction 436

Construction Government Inventory Mortgage 436

Housing Wire

JULY 21, 2021

And if the sheer size of the gated, master-planned complex known as The Villages doesn’t convince you of the uniqueness of the community – which was developed in the 1980s by developer Harold Schwartz and his son H. ” As is true in most of America, it is “definitely a seller’s market ,” said Cindy Dunn.

Real Estate Agent 393

Real Estate Agent Real Estate Realty Agents 393

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would. It means they’re down.

Bracketing 60

Bracketing Marketing Sellers Buyers 60

Lamacchia Realty

MARCH 24, 2022

LamacchiaLinks is a home buyers and seller matching system within the company’s custom CRM. In turn, LamacchiaLinks lets sellers find potential buyers for a property before they ever list the home for sale. We are thrilled to watch the now patented system continue to grow and develop in the years to come.

Realty 67

Realty Sellers Buyers Clients 67

Hank Miller Team

DECEMBER 6, 2023

Given the pandemic fueled real estate market and historically low housing inventory, it can be difficult to understand why a home fails to sell. Yet, some sellers can’t find a buyer for their home. While the market cooled into late 2023, sellers still held sway in many regional and local markets. The market (buyers) set price.

Sellers 52

Sellers Buyers Agents Inventory 52

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

Housing Market 62

Housing Market Bracketing Marketing Sellers 62

Hank Miller Team

JANUARY 9, 2024

We can however, develop supported opinions by combining recent data, extensive local experience and cautious interpretation of the variables mentioned above. Sellers attacked the market in early ’22 looking to capture the buyer frenzy. Many sellers continue to fish; offering homes that buyers continue to pass on. They cannot.

Real Estate 40

Real Estate Marketing Contracts Sellers 40