An open letter to sellers about today’s housing market

Sacramento Appraisal Blog

Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals.

Buyers take power from sellers. It’s their turn.

Sacramento Appraisal Blog

And sellers are losing it. Finally. Buyers are gaining power. I have some new visuals to show what the market is doing right now. These are for Sacramento, but I suspect many areas look similar.

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Market Correction or Seller Panic?

Appraisal Buzz

This might manifest itself with lower offers that are acceptable to the seller, but price isn’t the only aspect of a transaction. Sellers are panicking right now which is almost always an opportunity for buyers. The post Market Correction or Seller Panic?

Advice for buyers & sellers in today’s housing market

Sacramento Appraisal Blog

The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I’m pulling. Some new memes too. Enjoy if you wish.

An open letter to home sellers in a crazy market

Sacramento Appraisal Blog

Dear Sellers, How are things? I hope all is well. The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. This is coming from a good place and it’s based on observations and conversations with the real estate community.

Changing Needs Motivating Home Sellers

Appraisal Buzz

Additionally, among those surveyed, the number of buyers asking for repairs based on the inspection results more than doubled in recent months and the number … The post Changing Needs Motivating Home Sellers appeared first on DSNews.

Buyers & sellers feeling stuck in the housing market

Sacramento Appraisal Blog

Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now. I love the original Back to the Future movie. Do you too? Well, I can’t help but think of today’s housing market compared to the film.

Sellers Realize Record Profits After Sale

Appraisal Buzz

that have enough data to be statistically relevant; this is the highest levels recorded, … The post Sellers Realize Record Profits After Sale appeared first on theMReport.com. The post Sellers Realize Record Profits After Sale appeared first on Appraisal Buzz.

Unrealistic sellers & my favorite housing analogy

Sacramento Appraisal Blog

I’d love to share a helpful analogy for today’s housing market, let’s talk about unrealistic seller expectations, and then unpack some fresh stats. I have three things on my mind today.

Sellers Drop Prices Amid Rising Affordability Issues

Appraisal Buzz

This is amid new data from Redfin that showed a record amount of existing sellers … The post Sellers Drop Prices Amid Rising Affordability Issues appeared first on DSNews. The post Sellers Drop Prices Amid Rising Affordability Issues appeared first on Appraisal Buzz.

Home Seller Profit Increases Throughout U.S.

Appraisal Buzz

On the heels of a dull Q1, that suggested possible weakness in the nation’s long-running housing market … The post Home Seller Profit Increases Throughout U.S. ATTOM released its Q2 2022 U.S.

UWM turns to seller concessions with new mortgage product launch

Housing Wire

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment.

The Big Shift: Which Markets Favor Buyers vs. Sellers?

Appraisal Buzz

Knock has announced the unveiling of the Knock Buyer-Seller Market Index, revealing the U.S. The new index analyzes key housing market metrics to measure the degree to which of the nation’s 100 largest markets favor home buyers or sellers.

Market Trends: More Sellers Become Hesitant to List Homes

Appraisal Buzz

Realtor.com’s latest housing data release for August reveals that listing prices decelerated for the third month in a row, as more sellers hit pause on listing homes and homes for sale spent more time on the market than last August.

Fannie Mae: Sellers still thriving as home prices stay high

Housing Wire

Sellers, rejoice. The post Fannie Mae: Sellers still thriving as home prices stay high appeared first on HousingWire. Mortgage Politics & Money Real Estate Fannie Mae fannie mae home purchase sentiment index Homebuyer confidence low inventory MORTGAGE RATES seller's market Zillow

Study: 24% of sellers received four or more offers in 2021

Housing Wire

home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. Typical sellers received two offers, which is the same as the past three years. About two-thirds of sellers (65%) also reported buying a home.

FHFA and Ginnie Mae Update Seller/Servicer Requirements

Appraisal Buzz

New updated minimum financial eligibility requirements for GSE seller/servicers and Ginnie Mae issuers will ensure that the nation’s housing finance system remains safe and sound, and that sustainable mortgage credit remains available for all qualified borrowers.

FHFA and Ginnie Mae relax proposed seller servicer requirements

Housing Wire

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. The post FHFA and Ginnie Mae relax proposed seller servicer requirements appeared first on HousingWire.

Home Sellers’ Survey: A Look at ‘Slowing Real Estate Fundamentals’

Appraisal Buzz

Additionally, among those surveyed, the number of buyers asking for repairs based on the inspection results more than doubled in recent months and the number … The post Home Sellers’ Survey: A Look at ‘Slowing Real Estate Fundamentals’ appeared first on theMReport.com.

Sellers Lowering Listing Prices to Sway Buyers

Appraisal Buzz

Mortgage rates have surged as government efforts seek to combat inflation, while the average 30-year fixed mortgage rate hit 5% in April for the first time since … The post Sellers Lowering Listing Prices to Sway Buyers appeared first on theMReport.com.

Opinion: The end of seller speculation in US housing market

Housing Wire

Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale.

As home prices increase, sellers have the upper hand

Housing Wire

August’s HPSI survey revealed both a confident seller’s and buyer’s market, however, Fannie Mae reported September buyers showing more hesitancy. The post As home prices increase, sellers have the upper hand appeared first on HousingWire.

Rocket Homes Launches Single-Platform for Buyers and Sellers

Appraisal Buzz

The post Rocket Homes Launches Single-Platform for Buyers and Sellers appeared first on theMReport.com. The post Rocket Homes Launches Single-Platform for Buyers and Sellers appeared first on Appraisal Buzz.

Inflation Impeding Prospective Home Buyers and Sellers

Appraisal Buzz

The post Inflation Impeding Prospective Home Buyers and Sellers appeared first on theMReport.com. The post Inflation Impeding Prospective Home Buyers and Sellers appeared first on Appraisal Buzz.

Would-Be Sellers Face Competition Among Smaller Pool of Buyers

Appraisal Buzz

In July, economic uncertainty and another steep interest rate hike from the Fed appeared to have impacted … The post Would-Be Sellers Face Competition Among Smaller Pool of Buyers appeared first on DSNews. HouseCanary, Inc.

Exposure Time, Market Correction, and Seller Time. Oh My

Appraisal Buzz

We sat down with Mike and Joan Trice, Founder of Allterra Group, LLC, to discuss his latest article in Appraisal Buzz, “ Market Correction or Seller Panic? ”. What can appraisers learn when it comes to market correction and seller panic?

Buyers Retreat, Sellers in Pandemic Boomtowns Drop Asking Prices

Appraisal Buzz

A high share of home sellers dropped their asking price in July, particularly in pandemic boomtowns, as they struggled to match their expectations with the reality of the cooling housing market, according to a new market report from Redfin. Nearly 70% of homes for sale in Boise, Idaho, had a price drop in July, the … The post Buyers Retreat, Sellers in Pandemic Boomtowns Drop Asking Prices appeared first on theMReport.com.

Nearly 20% of Home Sellers Drop Prices

Appraisal Buzz

The housing market is displaying more signals that the pandemic-driven housing frenzy is coming to an end, as nearly one in five home sellers dropped their price during the four week period ending May 22 —the highest level since October 2019— according to a new report from Redfin. Measures of competition including the typical listing’s … The post Nearly 20% of Home Sellers Drop Prices appeared first on DSNews.

Massive home price appreciation set to slow as sellers return

Housing Wire

The post Massive home price appreciation set to slow as sellers return appeared first on HousingWire.

Price Drops Indicate Increasing Buyer/Seller Balance

Appraisal Buzz

The post Price Drops Indicate Increasing Buyer/Seller Balance appeared first on theMReport.com. The post Price Drops Indicate Increasing Buyer/Seller Balance appeared first on Appraisal Buzz.

As home prices skyrocketed, sellers made killer profits in 2021

Housing Wire

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. What a year 2021 was for home sellers and the housing market all around the U.S.

Home Sellers Continue to Land Record Profits

Appraisal Buzz

Low rates and tight inventory is equaling a greater return for sellers, as more homebuyers are dipping deeper into their pockets to land the home of their dreams. The post Home Sellers Continue to Land Record Profits appeared first on theMReport.com.

Home Sellers Nationwide Dropping Prices in Pandemic Hot Spots

Appraisal Buzz

Many of the metros with the biggest share of price drops in May had outsized price growth during the pandemic as they were deemed hotspots for people … The post Home Sellers Nationwide Dropping Prices in Pandemic Hot Spots appeared first on theMReport.com.

Home Sellers Benefit From Ideal “Perfect Storm”

Appraisal Buzz

The post Home Sellers Benefit From Ideal “Perfect Storm” appeared first on theMReport.com. The post Home Sellers Benefit From Ideal “Perfect Storm” appeared first on Appraisal Buzz.

FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers

Appraisal Buzz

Request for input seeks to strengthen, and provide transparency, required capital and liquidity for GSE seller/servicers with different business models. The post FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers appeared first on DSNews.

Homebuyers and Sellers Adapt to Changing Market Conditions

Appraisal Buzz

Throughout most of the pandemic, buyers shopping in the middle and top price tiers faced the strongest competition —as inventory was … The post Homebuyers and Sellers Adapt to Changing Market Conditions appeared first on theMReport.com. The post Homebuyers and Sellers Adapt to Changing Market Conditions appeared first on Appraisal Buzz.

Price Bubbles, Rising Prices Concern Consumers and Sellers

Appraisal Buzz

More than 77% of homebuyers and sellers believe there’s a housing price bubble in the area where they live, according to a survey in a new report from Redfin. The post Price Bubbles, Rising Prices Concern Consumers and Sellers appeared first on Appraisal Buzz.

Spring Buying Season Projected to be a “Seller’s Market”

Appraisal Buzz

It is important to understand all of the underlying factors contributing to this … The post Spring Buying Season Projected to be a “Seller’s Market” appeared first on theMReport.com.

Sellers Continue to Net Record Profit in Q3

Appraisal Buzz

ATTOM reports that as the national medium home sales continue on a torrid record pace, home sellers are increasing their profit margin by as much as 48% in the third quarter. The post Sellers Continue to Net Record Profit in Q3 appeared first on theMReport.com.

FHFA proposal for seller servicer requirements is mixed bag

Housing Wire

The Federal Housing Finance Agency (FHFA) proposed some key changes to requirements for single-family seller servicers that do business with the enterprises. But they are the rules of the road if a seller or servicer wants to do business with either of the GSEs.