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How LOs, mortgage execs are preparing for 2024

Housing Wire

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

Mortgage 438
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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? The National Association of Home Builders’ (NAHB) monthly sentiment index rose three points in November, to 83 on a scale of 1-100. . >> months (vs.

Sellers 36
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Is Home Renovation Necessary Before Listing In Hot Markets?

McKissock

When the seller’s market is this hot, is it still necessary to renovate a seller’s home before it hits the market? But just because the ball is already in the seller’s court, so to speak, is it enough to justify skipping renovation altogether? Go Big Or Go Home. Consider Your Market.

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6 Ways to Prep your Home to Sell this Spring

Lamacchia Realty

If you’re thinking of selling your home this spring, don’t wait to get it ready. inventory has been historically low, but signs of spring activity are beginning to give frustrated buyers hope! The low inventory has been driving up demand and setting the real estate market up for a very busy spring. Seller Resources.

Buyers 74
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The Atlanta 2023 Housing Market "at the Half"

Hank Miller Team

Working at home became "a thing" and people spent a lot more time in and around their homes. Many leveraged those low rates and refinanced, taking money out and completing home improvements. Listing inventory down as well, in the mix is the dearth of new construction when builders slammed on the brakes.

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A must-read for homeowners: Do you have to renovate before you sell?

Cornerstone

In a normal market, you’ll see a 6-month supply of homes for sale. But today, housing inventory has dropped far below this level: The National Association of REALTORS® (NAR) reports that there’s currently just a 2.1-month This means competition among homebuyers is high, and homes are selling fast. It may help to know that: 1.

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Home Renovations in 2021

Lamacchia Realty

City and town offices were ordered to shut down at the beginning of the pandemic causing delays for attorneys who need municipal certificates, mortgage companies were extremely backed up due to the low rates which caused a litany of refinancing applications, and extremely low inventory and high buyer demand flipped the market upside down.