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Two years after fleeing to the suburbs, homebuyers have flocked back to cities

Housing Wire

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. Between 2009 and 2021, the typical home purchased was built in the early 1990s. That number popped up to 50 miles in 2022 but has since fallen back to 20 miles.

Realtors 468
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International buyers purchase fewest existing homes on record: NAR

Housing Wire

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. This decrease came even as the average ($780,300) and median ($475,000) purchase prices for foreign buyers were the highest ever recorded by NAR, up 21.9%

Buyers 516
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Zillow CEO Jeremy Wacksman: ‘We do tech so you can do real estate’

Housing Wire

That got me here in 2009 and kept me ever since. Wacksman: That’s the Zillow app for a buyer and a seller. What does the buyer or seller want? One has to keep up with where the buyer and seller is going. For an agent, that’s a higher-intent lead, a more educated buyer in all these regulatory changes.

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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. In 2021, 95% of buyers use online tools to look for houses, with 51% reporting that they found their eventual home online.

Buyers 448
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Here’s Why the Share of Existing Homes Bought by International Buyers Is Declining 

Appraisal Buzz

A new survey from the National Association of Realtors (NAR) revealed that from April 2023 to March 2024, foreign purchasers bought $42 billion worth of existing properties in the U.S., home sales from foreign buyers.” Foreign buyers of existing residences in the U.S. Foreign buyers of existing residences in the U.S.

Buyers 395
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Rising Silicon Valley home prices aren’t deterring buyers

Housing Wire

“I honestly haven’t seen this kind of market for homes in San Jose since 2009.” “You’ve got a lot of young buyers — the millennial wave — that are looking to buy in San Jose, because they work at LinkedIn, Google, or Apple, which are all in this area,” Wellman said.

Buyers 431
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Waltz launches streamlined financing option for international homebuyers

Housing Wire

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Buyers can also use Waltz to connect with a property manager or tax adviser. homes for any year on record since 2009.

Finance 448