Housing Wire

MAY 17, 2023

.” Incenter Diligence’s due diligence team creates a tailored review scope for each buyer or seller based on factors such as seasoning, geography, performance, and other key portfolio attributes. “Buyers and sellers need a diligence firm that can customize reporting in a timely manner.

Sellers 336

Sellers Buyers Clients Technology 336

Housing Wire

APRIL 7, 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. ” Duncan added that home sellers are citing high home prices and tight inventory as primary reasons why it’s a good time to sell.

Sellers 506

Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Total housing inventory fell in this report, the third report in a row that shows total inventory has decreased.

Inventory 461

Inventory Marketing Housing Market New Listings 461

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further. However, housing affordability worsened.

Inventory 383

Inventory Housing Market Marketing Construction 383

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. What is going on here?

Inventory 499

Inventory Housing Market Construction Marketing 499

Housing Wire

APRIL 25, 2024

Although there is no doubt among local real estate professionals that demand is high in the Cincinnati housing market, agents say the area’s low inventory situation is only adding to the challenge facing consumers. We are going to see an increase in inventory. So, they are just hunkering down.”

Buyers 383

Buyers Marketing Inventory Investors 383

Housing Wire

MARCH 5, 2024

Meanwhile, inventory levels have shown year-over-year growth despite the prevailing high mortgage rates. Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market ,” Mohtashami wrote on Saturday. Between Feb. Between Feb.

Mortgage 429

Mortgage Inventory Sellers Investors 429

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 399

Housing Market Buyers Agents Marketing 399

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

Housing Market 541

Housing Market Marketing Inventory Sellers 541

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

Inventory 476

Inventory Housing Market New Listings Buyers 476

Appraisal Buzz

MARCH 25, 2024

The report further reveals that as the number of homes flipped by investors declined, so did flips as a portion of all home sales, from 8.6% Whether the overall market has soared or seen just modest gains in recent years, investors have missed out on the action.” were flipped in 2023 – down 29.3% in 2022 to 8.1%

Renovations 334

Renovations Investors Inventory Sellers 334

Housing Wire

APRIL 16, 2024

As mortgage rates increase, it’s never good news for the housing market, especially when more sellers are in the mix,” HousingWire lead analyst Logan Mohtashami said. “We This uptick in inventory is a function of high and rising mortgage rates , according to Mike Simonsen, founder and president of Altos Research.

Mortgage 347

Mortgage New Listings Investors Housing Market 347

Housing Wire

APRIL 14, 2023

The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. In March of 2022, sellers received an average of 5.5 Today, the average is 2.7

Realtors 411

Realtors Buyers Inventory Sellers 411

Housing Wire

SEPTEMBER 28, 2023

Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. However, unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory. Additionally, the yield on 10-year treasuries shot up to 4.6%

Mortgage 436

Mortgage Inventory Sellers Investors 436

Housing Wire

FEBRUARY 1, 2024

But investors anticipate that the central bank will begin cutting rates this spring. Simultaneously, listing activity also picked up, signaling that sellers are sensitive to the rates as well. But inventory is likely to remain low as sellers may respond more slowly than anticipated, Realtor.com economist Jiayi Xu said in a statement.

Mortgage 417

Mortgage Housing Market Sellers Inventory 417

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

Inventory 511

Inventory New Listings Housing Market Sellers 511

Housing Wire

MAY 14, 2024

In the first quarter, we saw normal seasonality in purchase opened orders with sequential improvement coming off the fourth quarter,” Fidelity CEO Mike Nolan told investors and analysts during the firm’s Q1 2024 earnings call on Thursday. “In The number of purchase orders opened per day was up 5% on a yearly basis. “In

Insurance 395

Insurance Real Estate Sellers Housing Market 395

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”

Marketing 400

Marketing Inventory Renovations Investors 400

Housing Wire

JUNE 28, 2022

The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

Housing Market 448

Housing Market Marketing Inventory Investors 448

Empire Appraisal Group

MARCH 16, 2023

NEWS & MEDIA sorbetto / Getty Images Source: Hard Convincing Sellers Not to Overprice? Use Data | Florida Realtors Hard Convincing Sellers Not to Overprice? Use Data By Jennifer Warner Florida Realtors economist : Many sellers today plan to overprice their home, but overpricing isn’t new. ORLANDO, Fla.

Sellers 78

Sellers Inventory Realtors Clients 78

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said.

Agents 343

Agents Brokerage Real Estate Clients 343

Housing Wire

MAY 23, 2024

But they face competition from large institutional investors in the housing market. There’s been a fair amount of supply that’s been removed from inventory when we think about the large institutional investors who are buying and selling single-family homes. We don’t see the supply.“

Renovations 313

Renovations Investors Housing Market Law 313

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Inventory skyrocketing back toward historical norms of 2 million to 2.5 million to return to normal.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

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 342

Real Estate Open Houses Brokerage Real Estate Agent 342

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. First-time buyers dropped to the lowest share NAR has recorded in the Profile of Home Buyers and Sellers — just 26% of the market, compared to 34% the year before.

Buyers 466

Buyers Realtors Inventory Sellers 466

Housing Wire

APRIL 17, 2024

Mortgage rates hold major power in the housing industry; most importantly, high rates exacerbate the current affordability crisis by walloping the buying power of would-be buyers and discouraging some would-be sellers – those with low, fixed-rate mortgages – from listing their homes, a drain on available inventories.

Mortgage 454

Mortgage Brokerage Real Estate Tenants 454

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So what is the issue here?

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

Inventory 506

Inventory Housing Market Marketing Realtors 506

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So what is the issue here?

Inventory 369

Inventory Buyers Sellers Investors 369

Housing Wire

DECEMBER 13, 2023

Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions. While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We ” Mortgage rates track the yield on 10-year U.S.

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

FEBRUARY 21, 2023

However, the second is that inventory is simply too low, with too many people chasing too few homes, which means too many bidding wars. The total inventory today is still under 1 million at 980,000. The total inventory today is still under 1 million at 980,000. that don’t have inventory near 2019 levels.

Housing Market 402

Housing Market Marketing Inventory Buyers 402

Housing Wire

MAY 4, 2022

Digital-mortgage exchange and loan aggregator MAXEX is launching a new loan-purchasing program for originators looking to tap into the growing mortgage demand from individual and small-business real estate investors. Institutional investors now balk at buying homes in this market niche.

Investors 384

Investors Real Estate Investing Sellers 384

Housing Wire

SEPTEMBER 13, 2023

Tech executive and investor Keith Rabois at venture capital firm Founders Fund led the capital injection. It 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.

Mortgage 395

Mortgage Government Advertising Buyers 395

Housing Wire

NOVEMBER 29, 2021

. “This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low.” Over the years, I have never believed in the premise that low inventory is holding sales back, which was expected whenever sales get weaker.

Inventory 527

Inventory Contracts Training Investors 527

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth.

Housing Market 414

Housing Market Inventory Contracts Marketing 414

Housing Wire

JULY 17, 2023

The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. By October 2022, it looked like 2023 would have rising inventory and falling home prices. By October 2022, it looked like 2023 would have rising inventory and falling home prices. Inventory has fallen all year.

Real Estate 292

Real Estate Marketing Inventory Contracts 292

Housing Wire

MAY 3, 2023

I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

Agents 393

Agents Real Estate Agent Brokerage Real Estate 393