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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Real estate agents, loan officers and builders can attract customers they have never captured before.

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Millions will enter housing market in 2021: Zillow

Housing Wire

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. ” Real estate agents and LOs: the great collaboration. . ” Real estate agents and LOs: the great collaboration.

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Home Search Strategies for 2022

Eppraisal

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

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The Real Estate Market is Changing: Is Your Listing Agent Providing Top-Notch Services?

Eppraisal

For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. In many markets home sellers no longer have the leverage they did a few months ago.

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Finding the Agent Who Goes Above and Beyond

Eppraisal

In today's market, where home values are rising and there is a lack of inventory of homes available for sale, you may find many agents' businesses are tightening due to lack of inventory. Most buyers like when sellers pay for home warranties.

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Listing Agent Commissions

Eppraisal

Real estate agents don't get paid for their work until a property closes. Real estate commissions however, are not set percentages. In fact, some real estate brokerages set a minimum amount of commission required rather than a set percentage. This is called "dual agency."

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What to Consider Before Purchasing a Home

Eppraisal

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?