Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 458

Real Estate Inventory Sellers Realtors 458

Housing Wire

OCTOBER 3, 2023

We are living through one of the most limited inventory periods in our lifetimes, so eXp is committed to providing as many ways as possible to create inventory and ways of selling homes for our agents and their clients.

Realty 432

Realty Agents Clients Tenants 432

Housing Wire

DECEMBER 2, 2023

Purchase application data Hello, early Christmas present! Weekly housing inventory data It’s December, which means the seasonal decline in housing inventory is well underway, which means in 2023, I have batted a whopping zero on how much I predicted weekly inventory would grow with higher mortgage rates.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Housing Wire

OCTOBER 28, 2020

Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be home sellers said they are staying out of the market due to the uncertainty caused by COVID-19. Presented by: Indecomm Global.

Sellers 339

Sellers Marketing Inventory Lending 339

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 421

Marketing Inventory Renovations Investors 421

Housing Wire

AUGUST 3, 2022

The survey, called the Seller Insights report, shows that nine in 10 mortgage servicers expect their foreclosure volume to increase over the next 12 months — with 74% anticipating a “slight increase,” and 15% projecting a “substantial increase.”. Presented by: Altisource.

Inventory 458

Inventory Clients Government Sellers 458

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Declining interest rates present other opportunities for homeowners.

Real Estate 441

Real Estate Agents Marketing Sellers 441

Housing Wire

NOVEMBER 7, 2023

Present to your buyer clients just like you would in a listing presentation. One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. Change the search area, change the type of home or find an equally great school district to look in that has more inventory.

Clients 432

Clients Buyers Real Estate Agent Real Estate 432

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 65

Sellers Realtors Buyers Inventory 65

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets.

Business 410

Business Marketing Real Estate Legal 410

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

DECEMBER 8, 2023

How you conduct yourself and how you present to each buyer prospect should not vary by situation. Find them the right home Inventory is scarce, and will likely stay that way for a while. There are other ways to find inventory rather than just using your MLS. There are other ways to find inventory rather than just using your MLS.

Clients 432

Clients Real Estate Inspection Buyers 432

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There’s just more buyers than there are sellers,” added Steven Grossman, chief strategic officer at NJ Lenders. Waiting for rates to go down is just a foolish bet.

Loan Officers 397

Loan Officers Mortgage Inventory Clients 397

Housing Wire

MAY 27, 2021

As rates rise, demand wanes and builders can catch up on the few months of inventory left for hungry borrowers. Presented by: Computershare Loan Services. The falling number of homeowners in mortgage forbearance will also bring about more inventory.”. If new home sales don’t grow, housing construction will slow down.

Mortgage 466

Mortgage Inventory Housing Market Construction 466

Housing Wire

OCTOBER 26, 2023

He told the jury that sellers also benefit because it brings more foot traffic and attention to their listings. Stevens said it was harder in some markets, in part, because there is currently very little housing inventory. He also noted that buyers’ agents provide valuable services for sellers and buyers.

Buyers 421

Buyers Sellers Agents Law 421

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 384

Sellers Inventory Housing Market Buyers 384

McKissock

MAY 4, 2021

Just about every market across the United States saw a huge influx of first-time homebuyers and sellers as a result of record-low mortgage rates and the desire for more space. Help your sellers to examine the current market and understand the reasons for their home valuation. Become a CE Plus Member today !

Sellers 95

Sellers Marketing Buyers Real Estate 95

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Presented by: Weichert.

Renovations 384

Renovations Real Estate Construction Contracts 384

Eppraisal

AUGUST 25, 2023

However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. Sellers are more likely to take your offer seriously when they know you're financially qualified to make the purchase. However, exploring the market during off-peak seasons can present opportunities.

Inventory 69

Inventory Real Estate Buyers Renovations 69

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. Presented by: CreditXpert. The monthly Mortgage Credit Availability Index fell by 0.7% last month, according to the Mortgage Bankers Association.

Mortgage 370

Mortgage Government Inventory Lending 370

Housing Wire

NOVEMBER 12, 2020

According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. Over the course of this year, home prices have continued to tick upward due to low inventory and high demand. Presented by: FormFree.

Buyers 458

Buyers Realtors Sellers Inventory 458

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. Try saying the following when the seller requests a list price that is too high: “That’s interesting, ‘seller.’ Always prequalify, 100% of the time!

Sellers 370

Sellers Construction Real Estate Finance 370

Housing Wire

JULY 13, 2023

However, increases in housing costs, which account for a large share of inflation, remain stubbornly high, mainly due to low inventory relative to demand.” “Incoming data suggest that inflation is softening, falling to its lowest annual rate in more than two years. Other mortgage indexes show rates ticking down.

Mortgage 370

Mortgage New Listings Buyers Inventory 370

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 458

Housing Market Marketing Inventory Investors 458

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. Binney said.

Inspection 410

Inspection Real Estate Agent Real Estate Insurance 410

Housing Wire

JANUARY 3, 2024

When looking at the challenges the first quarter of the year will pose agents, the most popular response was “low inventory,” followed by “getting listings” and “interest rates and inflation.” Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 431

Agents Realtors Clients Real Estate Agent 431

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . Presented by: Rocket Pro TPO. The jumbo market for brokers is back in a huge way.

Marketing 496

Marketing Sellers Finance Loan Officers 496

Housing Wire

NOVEMBER 2, 2022

Still, Powell presented a different tone in his press conference, indicating that thoughts of a potential pause would be premature. “ A housing recession is here “ For home shoppers and sellers, mortgage rates have been quick to adjust higher in response to expected Fed moves, said Danielle Hale, chief economist at Realtor.com. “In

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Housing Wire

MAY 10, 2022

The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. By using real time inventory data, and stratifying by income, the report highlights that for a household who earns $75,000 to $100,000 they have 411,000 fewer homes available for sale compared to pre-pandemic.

Housing Market 450

Housing Market Realtors Buyers Inventory 450

Housing Wire

NOVEMBER 6, 2020

Inventory is too low, people need to decide to sell their houses,” Buchbinder told HousingWire. There are] a lot more buyers than there are sellers right now, causing an increase in purchase prices,” Buchbinder said. “A Presented by: TMS. Refi Sugar High: How to balance your diet.

Housing Market 407

Housing Market Marketing Inventory Buyers 407

Housing Wire

APRIL 7, 2021

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. Presented by: Propertybase. and Austin. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.”

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

JUNE 19, 2023

According to the latest data from Altos Research , the real estate market is experiencing unusual patterns in pricing, inventory and demand. The data shows that home prices have held steady even in an environment with higher mortgage rates , in large part because inventory continues to be at near record low levels.

Real Estate 369

Real Estate Business Clients Client Relationships 369

Housing Wire

MAY 4, 2023

He also acknowledged that low inventory and poor housing affordability still present challenges. With SELL+, sellers listing their home for sale with a Rocket Homes Verified Partner Agent will receive a rebate check for 1% of the sale price from Rocket Homes after closing. decline from $19 billion in Q4 2022.

Real Estate Agent 397

Real Estate Agent Clients Mortgage Inventory 397

Housing Wire

JANUARY 7, 2021

“In particular, the sell-side component fell for the first time since April and by 18 points, reversing most of the increases of the past three months and implying to us that, at least temporarily, potential home sellers might wait to list their homes,” Duncan said. “If Presented by: Homepoint.

Housing Market 458

Housing Market Design Inventory Sellers 458

Hank Miller Team

OCTOBER 19, 2022

Some home sellers take things personal and can be reluctant to acknowledge the changing market; none of that applies to their home. "the seller doesn't need to sell" Doesn't need to sell is one of the stupidest things anyone in real estate will say or hear. When challenged the agent and/or buyer drop the classic line."the

Sellers 40

Sellers Agents Buyers Inventory 40

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

Agents 397

Agents Buyers Loan Officers Real Estate 397