Housing Wire

JANUARY 16, 2024

Redfin attributes these divides to a variety of factors , the most salient of which is that over half (54%) of baby boomers who own homes have no mortgage and those who do have a mortgage have a much lower interest rate than the rate they would end up with if they sold and bought today.

Inventory 458

Inventory Home Value Mortgage Buyers 458

Housing Wire

NOVEMBER 18, 2022

Existing home sales last month declined 5.9% That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.

Housing Market 412

Housing Market Marketing Inventory New Listings 412

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. For example, if a natural disaster destroyed thousands of homes in a housing market, prices would rise due to the loss of inventory. increase to 6.7%

Housing Market 403

Housing Market Sellers Marketing New Listings 403

Eppraisal

DECEMBER 6, 2022

An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. In this post, we talk about how issues near and far play a role in home sales. Similarly, higher rates might price some purchasers out of receiving mortgage loans.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 404

Brokerage Real Estate Clients Insurance 404

Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% In June, the typical starter home sold for a record $243,000, up 2.1%

Buyers 370

Buyers Housing Market Investors Real Estate 370

Eppraisal

DECEMBER 14, 2021

The recent trends in real estate in the United States have delighted some people and frustrated others. High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Yet if history demonstrates anything, it reveals the cyclical nature of the real estate market.

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Housing Wire

MARCH 29, 2023

“Homebuyers have been closely watching mortgage rates, which have been volatile during the first few months of the year,” said Lisa Sturtevant, chief economist for Bright MLS. Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.”

Contracts 301

Contracts Realtors Home Value Housing Market 301

Eppraisal

AUGUST 9, 2022

Back then the economy dove down into a deep recession and home values plummeted. However, this time a real estate recession is not likely as prices and demand remain stable. In fact, according to an article written by Anna Bahney for CNN Business, "Home prices rose 18.8% Sound familiar? as of August 4th.

Real Estate 36

Real Estate Inventory Home Value Buyers 36

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The real estate market is nothing like it was back then. Current State of the Real Estate Market The real estate market is still sizzling hot. compared to 2019.".

Real Estate 45

Real Estate Marketing Inventory Home Value 45

Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 382

Sellers Inventory Housing Market Buyers 382

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth. Pay attention to rental inventory, too.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Eppraisal

MARCH 25, 2022

How does this confluence of evil tidings affect home sales? Will Real Estate Suffer for Putin's Mistake? Coming out of the COVID-19 pandemic, and an extended period of low inventory of homes for sale, brokers do not see any significant improvements in the real estate market in the short term.

Supply Chain 36

Supply Chain Real Estate Marketing Sellers 36

Housing Wire

MAY 9, 2022

has its high-priced metro areas, our size and diversity mean that our national home price index won’t ever be driven by just two cities. housing market is more tied to mortgage buyers. foreign buyers have always been less than 300,000 of total home sales for many years. The growth rate of home prices slows down.

Buyers 527

Buyers Housing Market Mortgage Marketing 527

Housing Wire

MARCH 9, 2021

In 2019, the typical homeowner in a primarily white neighborhood had $33,000 more home equity than the typical homeowner in a primarily Black neighborhood. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated.

Home Value 471

Home Value Market Value Brokerage Inventory 471

Housing Wire

MAY 25, 2021

In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. .” Presented by: MCT.

Supply Chain 404

Supply Chain Inventory Buyers Construction 404

Eppraisal

JANUARY 28, 2022

Historically, the real estate market slows down over the winter months and prices level off or sometimes go down. The 2021 real estate market was a record-breaking year. The United States housing market will continue to struggle with a low inventory of homes available for sale in 2022. by the end of 2022."

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. In combination with low housing inventory and labor shortages, that drove up selling prices.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Eppraisal

DECEMBER 9, 2022

As buying a home is one of the most important investment decisions you will ever make, it is crucial to understand the current real estate market before you dive in. Home values rose double digits, year-over-year, the past couple years? The housing inventory has been low; however, it is growing?

Real Estate Agent 68

Real Estate Agent Real Estate Agents Home Value 68

Listing Spark

OCTOBER 13, 2022

The Texas real estate market has come crashing down. Days on the market are up, home prices are down, but it’s not all doom and gloom. We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. How to vet real estate agents as a seller.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. Where Have We Been? Where Do We Stand Now?

Supply Chain 69

Supply Chain Home Value Inventory Construction 69

Eppraisal

OCTOBER 25, 2022

Past real estate market cycles have always shown real estate traffic to start kicking in after the winter holidays. Spring and summer real estate markets have always been the busiest. Past Market Cycles Historically, real estate website traffic begins to grow after the winter holidays.

Real Estate 36

Real Estate Buyers Decorating Sellers 36

Home Junction

MAY 12, 2020

Market data for real estate can be a blessing when it comes to helping your listing clients respond to off-the-wall, low-ball offers. This is where current market data for real estate comes in. Market Data for Real Estate Helps with Negotiations. Sure, home prices nationally might be soft.

Real Estate 36

Real Estate Marketing Sellers Counter Offer 36

Eppraisal

JUNE 28, 2022

The summer of 2022 real estate market is starting to slowly shift. Gas, food and utility bill prices are skyrocketing and mortgage interest rates have almost doubled since their historical lows the last couple years. The inventory of homes available for sale is starting to balance. previously, according to U.S.

Marketing 36

Marketing Real Estate Sellers Inventory 36

Eppraisal

OCTOBER 19, 2021

The real estate industry has been experiencing one of the hottest markets in history. This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Eppraisal

APRIL 5, 2021

Although the real estate market was not immune from the effects of business shutdowns and curtailments in 2020, neither was it hobbled: unprecedented low mortgage rates; strong millennial demand; and the flight from city to suburbs hastened buying and selling in America.

Marketing 36

Marketing Mortgage Finance Home Value 36

Home Junction

MAY 14, 2020

When agents come across slow times, current property data and real estate marketing automation tools can be used to attract new clients and keep them updated as conditions change. The software will send them market updates with the number of homes for sale, existing inventory, trends in sale prices, and other critical data.

Real Estate 36

Real Estate Tools Clients Real Estate Agent 36

Eppraisal

JUNE 8, 2021

Here's what to be prepared for: Competition Inventory is at its lowest point in many years. According to Realtor.com's April 2021 Monthly Housing Market Trends Report, the national inventory of active listings declined by 53% over last year. Prices Too High Home values are rising. Home values have risen.

Marketing 69

Marketing Sellers Buyers Home Value 69

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. To find these desirable small towns, the Realtor.com data team looked at real estate in every U.S.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.86%.

Mortgage 464

Mortgage Home Value Valuation Inventory 464

Eppraisal

APRIL 12, 2022

The current real estate market is like no other in history in there is a lack of inventory of homes being listed for sale. According to an article in Keeping Current Matters, "A balanced real estate market's inventory sits around 6 months. Today's current market is at 1.7

Home Value 36

Home Value Real Estate Buyers Realtors 36

Berkshire Hathaway

FEBRUARY 23, 2021

With home values forecasted to appreciate by about 5% this year it has some people concerned that we may be in another housing bubble and that that bubble is about to burst. In real estate we measure supply and demand based on what we call “months’ supply of inventory.” months which is an historic low.

Home Value 36

Home Value Inventory Real Estate Mortgage 36

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. The recent Monthly Housing Market Trends Report from realtor.com states: “In July, newly listed homes grew by 6.5 And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Eppraisal

MAY 18, 2021

It's no secret the real estate market is super hot right now and the demand for homes is high. There are more buyers than homes available for sale. In fact, according to an article on Realtor.com, the national inventory of active listings declined by 53% over last year. Be prepared to purchase the home "as is."

Real Estate Agent 69

Real Estate Agent Sellers Buyers Home Value 69