Housing Wire

FEBRUARY 17, 2023

Simonsen founded Altos Research in 2006. With data specific to your local market like this, agents can become local experts and answer their buyers and sellers questions faster. Believe it or not, it is still a seller’s market. In 15 years, the data analytics company has grown into a titan of data. What does that mean?

Sellers 417

Sellers Housing Market Real Estate Agents 417

Housing Wire

NOVEMBER 15, 2024

As you can see in the chart below, the credit markets broke in 2005, 2006, 2007 and 2008, and then the job-loss recession of 2008 started, which made things much worse. We had a lot of stressed sellers back then! Look at the difference between this week in 2024 versus the same weeks in 2009-2011.

New Listings 521

New Listings Sellers Mortgage Law 521

Housing Wire

DECEMBER 8, 2020

Redfin said its real estate agents have helped clients in Seattle and the Bay Area buy and sell homes since 2006, with a listing fee as low as 1%. We’re the only national brokerage working to offer home sellers a complete range of options to meet their needs.”

Real Estate Agent 493

Real Estate Agent Real Estate Agents Brokerage 493

Housing Wire

MAY 26, 2022

But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005.

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Inventory Housing Market Construction Marketing 526

Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. For-sale inventory levels charted their fourth consecutive monthly increase in August, and sellers appear to be taking a less aggressive approach when putting their homes on the market. Home prices in 19 of our 20 cities now stand at all-time highs, with the sole outlier (Chicago) only 0.3%

Housing Market 501

Housing Market Finance Contracts Inventory 501

Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . With more supply from new construction and existing owners relocating, new and existing home sales are expected to rise about 1% to 7 million sales, the largest number since 2006.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

APRIL 24, 2024

2006 is when Zillow came out with their Zestimates and with that, they started to very slowly provide to the consumer a more transparent way of understanding the market, and how to see not just the value of their home, but also what their neighborhood was doing and how prices were going up and down,” Saunders said.

Brokerage 448

Brokerage Legal Fees Real Estate Agents 448

Housing Wire

DECEMBER 28, 2021

2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. While it’s still a strong seller’s market, there just aren’t the up-to-20 offers coming in on homes anymore,” Herrig said. Sellers aren’t getting a free puppy or pony with their buyer’s offers any longer.”. on pace for 6.29

Real Estate 476

Real Estate Realty Brokerage Realtors 476

Housing Wire

OCTOBER 12, 2022

Given the ongoing tension between potential homebuyers and home-sellers at the moment, we believe the pace of sales is likely to slow even further, too,” he added. “The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”.

Contracts 448

Contracts Modernization Housing Market Mortgage 448

Housing Wire

DECEMBER 21, 2022

.” 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. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. Outside of that time period, everything else from 1982 to 2023 was normal. If you believe people sell to become homeless, then you’re in the group of people that have simply not read housing data for decades.

Inventory 541

Inventory Housing Market New Listings Marketing 541

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 434

Business Marketing Real Estate Legal 434

Housing Wire

FEBRUARY 8, 2024

What we are telling sellers right now is that homes that are properly priced and well prepared are averaging seven to 15 days on the market, compared to an average of 31 days for the greater Peoria area.” While there is no doubt it is a seller’s market in Peoria, Van Cleve said many potential sellers are hesitant to list.

Inventory 468

Inventory Agents Housing Market Luxury Properties 468

Housing Wire

MAY 21, 2021

“Last month, existing home sales recorded their best bottom line in any April since 2006,” Speakman said. This elevated level of competition may be starting to wear on buyers’ confidence and could be holding back sales volumes. ” While borrowers battle it out in the bidding trenches, unsold inventory sits at a 2.4-month

Inventory 448

Inventory Buyers New Listings Marketing 448

Housing Wire

DECEMBER 29, 2022

Housing went into recession in 2006 and prices weren’t collapsing that year either. 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. Let’s look at the recessionary factors we see now versus 2008.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

OCTOBER 15, 2020

With the Experts network, prospective sellers are matched with an expert who has relevant experience selling similar properties in their building or neighborhood, StreetEasy said. NAMB leads brokers in advocating for consumer data privacy. Presented by: NAMB.

Valuation 370

Valuation Tools Market Value Real Estate 370

Housing Wire

NOVEMBER 13, 2023

From the Wall Street Journal Editorial Board, “the commission on home sales has stayed basically flat for decades at 6%, split evenly between the buyer and seller agents.” Our data is good enough for the DOJ and the FTC to use for their own report on competition in the industry in their 2005-2006 report.

Real Estate 375

Real Estate Realtors Agents Buyers 375

Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. Still, the existing home sales market has an active seller who decides to sell their home to buy another one or rent.

Housing Market 418

Housing Market Inventory Construction Marketing 418

Housing Wire

MARCH 28, 2022

Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online. Having everything in-house enables iBuyers to lower closing costs for buyers and sellers, offer real-time, 24/7 customer support and provide unique financing solutions for buyers.

Real Estate 397

Real Estate Marketing Insurance Technology 397

Housing Wire

AUGUST 21, 2023

Homelight , a platform for homebuyers and sellers, was No. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers. 1,943 EmpowerHome 289% 2006 A partner to real estate teams and agents, offering exclusive programs to ensure sellers get top dollar for their properties.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

MARCH 28, 2022

That’s nearly 200,000 above the previous peak in 2006. iBuying has opened up a completely new path for sellers. First of all, there are simply too many Realtors chasing too few homes for sale. There were 1,522,801 Realtors in America as of the end of February. This has created an environment of scarcity.

Realtors 370

Realtors Real Estate Agent Marketing Advertising 370

Housing Wire

JUNE 21, 2023

May’s housing starts rate was actually the highest since April 2022, which was then the highest since 2006. The few existing homeowner sellers aren’t incentivized to negotiate much, and there’s no reason to think they will for a long while. Let’s dive in a little deeper. million, 21.7% above the revised April estimate of 1.34

Business 370

Business Construction Law Inventory 370

Housing Wire

AUGUST 30, 2022

One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. Since we never had any exotic loan debt products in the system post-2010, you don’t see foreclosures and bankruptcies rising even as the expansion was moving along like what we saw in 2005, 2006, 2007 and 2008.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

JANUARY 5, 2023

Existing home sales fell very fast in 2022 due to higher mortgage rates and a lack of new listing growth, which meant the number of traditional sellers who bought a home was much lower in 2022. For example, the last time my six recession red flags we all up was late in 2006 and the recession didn’t start until 2008.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

JULY 25, 2022

The reasons it will avoid a crash, according to Zandi, are that overall housing-inventory levels remain relatively tight by historical measures; mortgages overall have and continue to benefit from solid underwriting and oversight; and we are not seeing the kind of speculation that marked the housing market in the run-up to the 2006/07 crash. “I

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

APRIL 20, 2022

Although this was not the strongest showing for new home sales due to supply chain issues, and material and labor shortages, 2021 was the best year for existing home sales since 2006. Real estate agents are busier than ever.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Cornerstone

APRIL 30, 2021

It’s an ideal time for sellers to take advantage. Sellers who may have been reluctant to list in the past few years are now considering it. Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. in contrast to the all-time high of 868 seen in 2006.

Sellers 68

Sellers Buyers Inventory Loan Officers 68

Empire Appraisal Group

SEPTEMBER 16, 2022

Housing volatility is pushing more sellers to work with real estate pros rather than go it alone. FSBOs made up only 7% of home sales in 2021—the lowest share since 1981—according to the latest Profile of Home Buyers and Sellers from the National Association of REALTORS®. FSBOs Usually Soar in a Hot Market. Not This Time.

Marketing 78

Marketing Realtors Sellers Real Estate 78

Appraisal Buzz

JUNE 12, 2024

Keith founded the company in 2006 and Dr. Travis-Johnson joined in 2008. The VRMU platform is one in which we take professionals in a marketplace that have the expertise to do the work but have not yet had the opportunity to work with corporate sellers,” explained Murray.

Training 221

Training Business Human Resources Appraisal 221

McKissock

MARCH 15, 2022

Buyers, many out-of-state, were purchasing homes with cash but were not living in them, which increased values from 2004 to 2006 because of competition, but it also indicated that a possible real estate bubble was in the very foreseeable future. Use of creative financing such as seller contracts.

Real Estate 88

Real Estate Finance Sellers Real Estate Agent 88

Housing Wire

FEBRUARY 14, 2022

Redfin, on the other hand, has had agents as employees since Glenn Kelman founded it in Seattle in 2006. Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal.

Business 370

Business Brokerage Real Estate Agent Real Estate 370

Lamacchia Realty

FEBRUARY 15, 2023

After over a decade of serving buyers and sellers in New Hampshire, Lamacchia Realty is in the process of opening their first branch office in The Granite State! We are very excited to serve dramatically more homebuyers and sellers in the Southern New Hampshire market and in time grow all the way up the state with additional offices.”

Realty 74

Realty Realtors Renovations Sellers 74

Lamacchia Realty

JULY 26, 2023

The rising rates over the past 16 months have decelerated the number of sales as buyer affordability has been greatly diminished and because sellers are hesitating to list. Listing essentially requires sellers to trade in their pandemic-era rates of 2-3% for the current rates hovering in the high 6%-low 7% range.

Sellers 64

Sellers Buyers Real Estate Realty 64

Lamacchia Realty

NOVEMBER 8, 2024

Sears Real Estate has been serving buyers and sellers since 1971, under the influential leadership of the late Paul Sears. Kevin is also the Associate Broker of Lamacchia Realty Springfield/Sears Real Estate , which just celebrated their grand opening last month after merging companies in April 2024.

Realtors 69

Realtors Realty Real Estate Government 69

Lamacchia Realty

NOVEMBER 1, 2023

Lamacchia Realty has been serving buyers and sellers since 2006. Directors attend multiple meetings throughout the year which cover policy and current issues that need to be addressed within the industry. As a full-service, value-based brokerage, the company’s  mission  is to guide REALTORS®, employees, and clients to their success.

Realtors 73

Realtors Realty Real Estate Training 73

Lamacchia Realty

DECEMBER 28, 2022

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. Therefore, most would-be sellers are in a holding pattern. The sellers who list in the winter always make the most money.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Lamacchia Realty

JANUARY 25, 2024

Sellers are sitting on their hands because although they may want to move, they’re hesitating to do so because they don’t want to trade in their pandemic-era rates. Sellers are stuck not just because they don’t want to lose their rate; those who need to buy again are concerned about the possibility of much higher monthly payments.

Inventory 73

Inventory Sellers Contracts Buyers 73