Appraisal Buzz

JULY 12, 2024

Brian Cullen is CEO and Co-Founder of SingleSource (founded in 2000), a provider of property services supporting the U.S. housing inventory so tight right now, how can vacant properties play a role? Brian Cullen: Vacant properties hold the potential to provide significant relief to today’s inventory challenge. housing industry.

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Inventory Supply Chain Construction Property Taxes 221

Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. Homer Simpson or Spock?

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Housing Market Marketing Sellers Inventory 418

Housing Wire

DECEMBER 29, 2022

Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. When mortgage rates spiked up as much as they did this year, it wasn’t financially appealing to some sellers to purchase their homes at rates of 6.25%-7.37%.

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Housing Market Marketing Inventory Sellers 546

Housing Wire

FEBRUARY 24, 2023

As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. However, this isn’t how inventory grows in America.

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Inventory Construction Housing Market Mortgage 501

Housing Wire

SEPTEMBER 28, 2022

In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. million level we saw in 2005. So, when we have a month where demand picks up, it can move the needle in a big way.

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Construction Sellers Inventory Housing Market 505

Housing Wire

JULY 26, 2021

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller.

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Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

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Tools Inventory Sellers Buyers 448

Appraisal Buzz

JUNE 25, 2024

Originally benchmarked to a level of 100 January 2000, the S&P CoreLogic Case-Shiller Index has reached an all-time high of 320.42 million in April.” “Despite the slower pace of sales activity, home sellers were somewhat more willing to engage with the market. growth in active inventory in the housing market in this period.

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Inventory Housing Market Marketing Sellers 356

Housing Wire

AUGUST 23, 2022

This is below the recession levels of 2000 and back to 1996 levels. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 After all, sales levels are already low historically for new homes. The average sales price was $546,800.

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Construction Housing Market Sellers Real Estate 370

Cleveland Appraisal Blog

OCTOBER 14, 2021

It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. 30-Year Fixed Mortgage Rates from 2000 to today. Before the pandemic, there was already a shortage of housing inventory in many parts of the country, including in Northeast Ohio. Months of Housing Inventory Historically.

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Appraisal Buzz

AUGUST 19, 2024

Gordon, who was admitted to practice in Florida in 2000 and has spent the majority of his career working in the real estate and consumer finance fields. Fraser has achieved the highest rating in both legal and ethical ability by Martindale-Hubbell, and prides himself on practicing with humility, integrity, and appreciation.

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Real Estate Legal Development Investors 221

Lamacchia Realty

DECEMBER 28, 2022

Below is a bar graph of homes sales per year in Massachusetts back to 2000. At that time we had an extreme overabundance of sellers and not enough motivated buyers. But there’s also a lack of sellers because people are reluctant to give up their low mortgage interest rates. What Does This Mean for 2023 Home Sales?

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Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. A lot of it had to do with anemic inventory. Average prices for closed sales increased by 3.4% Sales Decline by 21.7%

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Inventory Sellers Contracts Buyers 64

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

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Lamacchia Realty

JANUARY 25, 2024

As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. The decline in inventory has made it impossible for prices to decrease due to demand.

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Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

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Inventory Sellers Buyers Contracts 50

Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

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Inventory Buyers Real Estate Sellers 57

Will Springer Realtor

OCTOBER 10, 2023

between now and November nationwide – as sellers look to negotiate rather than hold onto their homes into the chillier housing season of December-February. The increase in homes on the market also tells us overall inventory is rising. months of inventory available today across our county, up from 1.5 There are 2.0 a month ago.

Buyers 66

Buyers Inventory Sellers Housing Market 66

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. That was the average national figure in 2000.). There are too many consumers searching for homes and clearly not enough inventory, however that still means costs around goods, services and housing are going to inflate.

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Real Estate Buyers Construction Sellers 69

Will Springer Realtor

JUNE 13, 2023

Yes, there are few buyers in an inflation-heavy economy with high interest rates, but for home prices to go down there needs to be fewer buyers than sellers – and that is just not within the realm of possibility today. Despite high interest rates, some hungry buyers are competing over limited inventory. Eastside inventories are at 1.2

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Appraisal Today

JULY 29, 2022

We’ve seen a massive change in housing inventory. But is it because sellers are rushing to list their homes? 1) The spike in housing supply is NOT due to sellers: In a short period of time, we went from having three weeks of supply in the Sacramento region to ten weeks. Excerpt: Finally. That’s not the culprit.

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Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

SEPTEMBER 1, 2023

Examples of verification sources include, but are not limited to, the buyer, seller, listing agent, selling agent, and closing documents in certain situations. Hubel explains: “I’m assuming the hot water heater just had a leak, so [the seller] cut out the subfloor and then never replaced it before listing it.”

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Appraisal Contracts Mortgage Real Estate 78

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions.

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Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

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Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. Inventory remains a big concern. months (6 days) of single-family inventory. There are 0.4

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Buyers Inventory Law Development 36

Will Springer Realtor

JULY 10, 2024

residential mortgages fell to 1.28M, according to a Q1 summary from ATTOM Data Solutions , the lowest level since 2000. JULY HOUSING UPDATE Buyers are enjoying a surge in the supply of home options as inventory climbs for the fifth consecutive month to heights not seen in Seattle/King County since September 2022. Portland, Ore.,

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Development Design Buyers Marketing 36

Will Springer Realtor

NOVEMBER 10, 2023

The overall total was only 19% in 2000. Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines.

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HOA Buyers Law Supply Chain 36

Will Springer Realtor

JUNE 11, 2024

NAR SETTLEMENT UPDATES The real estate listing service for Western Washington has turned down an offer to join the nationwide settlement between the National Association of Realtors® (NAR) and sellers over claims of inflated compensation to brokers. Sellers can offer any amount – or nothing – seeking to improve consumer transparency.

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Real Estate Construction Buyers Sellers 36

Appraisal Today

JUNE 23, 2023

He designed the estate, completed in 2000, from the ground up. A home valued too low can deprive homeowners of access to their equity and limit the mobility of sellers. The models aren’t able to think like buyers and sellers. They also play a vital role in supporting accountants in various financial matters. The problem?

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Appraisal Real Estate Valuation Contracts 86

Will Springer Realtor

AUGUST 9, 2021

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% Months of inventory improved slightly from June but remain extremely low. Among single-family homes, county inventory increased to 0.6 months of inventory available compared with 0.3 months of condo inventory in King (up from 0.9

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Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

I am often asked by sellers what home projects should they address to get the highest return on investment. were flipped in Q1, the lowest level since 2000, according to ATTOM. It is truly the epitome of a sellers’ market and experts I hear from are saying, basically, get used to it. THE ROI OF HOME RENOVATION. LUXURY LIVING.

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Buyers Development Transportation Inventory 36

Housing Wire

NOVEMBER 2, 2024

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. They misread the price cut percentage and rising inventory data to mean that national home prices had to fall a lot this year. You can have rising inventory, increasing sales and rising prices.

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Inventory New Listings Mortgage Contracts 516

Movoto

NOVEMBER 12, 2024

Whether you’re a buyer, seller, or industry professional, this episode is packed with actionable insights and expert opinions. What is the cause of the inventory issue? From the impact of mortgage rates and election cycles to the surprising steadiness of cities like Omaha, we dive into the headlines shaping the housing market.

Real Estate 69

Real Estate Marketing Housing Market Construction 69

Will Springer Realtor

SEPTEMBER 10, 2024

The non-fiction work written in 2000 by Malcolm Gladwell is a powerful metaphor for what is expected to occur across the U.S. King County continues to struggle to beef up inventory to pre-pandemic levels. Months of available inventory inched higher in King County. months of inventory. housing market. to a gain of 4.6%

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Housing Market Marketing Inventory Buyers 64

Will Springer Realtor

MARCH 11, 2024

This includes diligent inquiries into the current insurance and utility expenses from sellers, alongside documenting the age and expected lifespan of crucial home components, from plumbing and electrical systems to major appliances and roofs. Prospective home sellers are smart people. ELECTION YEAR EFFECT?

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