Remove Home Value Remove Inventory Remove Presentation Remove Realtors
article thumbnail

Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

“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. The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”.

article thumbnail

What to Expect from the Real Estate Market This Winter

Eppraisal

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Again, good news for sellers; a headache for seekers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Appraisals derail sales in the tight Chicago market!

Chicagoland Appraisal Blog

You see all these potential ways to deal with this problem happen after the home appraisal is completed. What are realtors doing beforehand? I wrote a blog post titled 4 things you should tell the home appraiser when selling that was meant to be a conversation starter however that has evolved since I wrote it.

article thumbnail

Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Top Ranked Realtors: Paige Martin & The Houston Properties Team. We use data to create custom solutions for our clients, present this to them, and have candid conversations on what they should do given the situation. The market will see an influx of price drops and hikes due to low inventory and high demand.

article thumbnail

Exactly what to say when your clients ask these big questions

Cornerstone

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. If there’s a surge of foreclosures, will home values start to decline?

Clients 62
article thumbnail

The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

article thumbnail

The art (and the importance) of pricing your home to sell

Cornerstone

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. Experts project that home values will continue to increase throughout the year. The good news about housing inventory recently hitting an all-time low is that this puts sellers in the driver’s seat.

Sellers 55