Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans. What is reverse purchase financing?

Finance 482

Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

SEPTEMBER 18, 2024

The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. These organizations say that making offers of compensation to buyer agents was optional but never mandatory.

Legal 482

Legal Realtors Agents Brokerage 482

Housing Wire

MARCH 27, 2024

And before getting my real estate license in 2009, I had the same opinion, too. The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. A seller and agent/brokerage either agrees to the terms and compensation or they don’t. Will sellers pay less?

Real Estate Agent 353

Real Estate Agent Real Estate Agents Sellers 353

Housing Wire

SEPTEMBER 13, 2024

If you want to thrive during a recession like I did in 2009, you must focus on homeowners who need to sell. Sellers are happy that they sold their home for more money than they bought it for, and home buyers are happy you found them an asset that will increase in value. It’s easy to show value when home prices are rising.

Agents 448

Agents Real Estate Real Estate Agent Sellers 448

Housing Wire

JUNE 29, 2024

Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today. 2015 81,875 2016 80,293 2017 84,293 2018 98,972 2019 87,278 Now, let me show you what stressed sellers’ data looks like.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

MAY 4, 2022

Prior to 2009, housing was overbuilt relative to demand. Demand driven by demographics is different than demand driven by mortgage finance innovation and “fix-and-flip” home buyers, as was the case in the mid-2000s. Since then, the housing market has been underbuilt, and the supply deficit has grown.

Housing Market 397

Housing Market Finance Marketing Mortgage 397

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. That approach can lead to overreaction. That process can take time.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. Is this still the case, and what is the demand like from first-time buyers? I’m curious how this will impact potential buyers.

Inventory 418

Inventory Marketing Business Buyers 418

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. During the GFC, inventory rose in 2007, 2008, 2009 and 2010. Home prices declined subsequently.

Inventory 370

Inventory Contracts Buyers Mortgage 370

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 21, 2024

This is from 2009 — I opened up a high-tech real estate brokerage with actual agents, working through transactions day in day out and really understanding what processes look like. For us, it’s all about creating one streamlined experience for whatever that agent is doing with buyers or sellers.

Real Estate 476

Real Estate Technology Agents Brokerage 476

Housing Wire

APRIL 12, 2022

In 2009, Samson Properties, still led by Danny Samson, created Cardinal Title Group, and soon thereafter gave agents a 100% commission. “We The company totaled 20,210 in 2021 transaction sides (If you represent just one side of the deal, buyer or seller, that counts as a side). That changed amid the Great Recession.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Lamacchia Realty

AUGUST 28, 2024

CLOSING COST CREDITS also known as SELLERS CONCESSIONS will become even more common! Buyers , sellers , and sometimes even real estate agents get confused with how Closing Cost Credits or Sellers Concessions really work. In many ways they help sellers because many buyers cannot buy without them.

Sellers 74

Sellers Buyers Real Estate Legal Fees 74

DW Slater Company

JANUARY 30, 2023

Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates. We will soon be seeing the spring market and it will be interesting to see where mortgage rates are going to be and how confident buyers and sellers will be in the spring market.

Housing Market 126

Housing Market Marketing Real Estate Appraisal 126

Housing Wire

DECEMBER 20, 2021

To help the most vulnerable population, Tara Roche, research manager for the Pew Charitable Trust , said that HAF will be available to those who are using alternative financing, such as land contracts (agreements directly between sellers and buyers) and loans secured by manufactured homes.

Mortgage 418

Mortgage Government Contracts Insurance 418

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits are a great tool to help buyers pay their closing costs and have more money after closing. This enables the buyers to bring less money to closing.

Sellers 74

Sellers Buyers Property Taxes Inspection 74

Simonson Real Estate

JUNE 22, 2020

The Trepp CMBS Delinquency Rate in May logged its largest increase since it started tracking this metric in 2009. One indication of buyer expectations becoming increasingly cautious in the multi-family market is that one commercial real estate broker has reported eight multifamily deals that have been sidelined recently.

Valuation 146

Valuation Real Estate Appraisal Retail 146

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 69

Sellers Buyers Real Estate Realty 69

Lamacchia Realty

FEBRUARY 15, 2024

During his time as a REALTOR®, Joseph expertly served buyers and sellers throughout Massachusetts and Rhode Island since 2017. "We Joseph Ribeiro Business Development Consultant, REALTOR® Lamacchia Realty has been serving buyers and sellers since 2009. We are so excited to add Joey to our team.

Development 74

Development Business Realty Realtors 74

Lamacchia Realty

JANUARY 31, 2024

One of the biggest factors affecting inventory levels in 2023 was listings as they were the lowest since 2009 in Connecticut. Buyer demand in the market is still strong, so the leveling of mortgage rates is excellent news for buyers battling with affordability concerns.

Inventory 73

Inventory Real Estate Housing Market Realty 73

Lamacchia Realty

JULY 21, 2023

Chris served buyers and sellers in the Greater Merrimack Valley area during his time as a REALTOR. Chris Rochon Business Development Consultant Lamacchia Realty has been serving buyers and sellers since 2009. Before he got into the real estate market, Chris spent 30 years working in the customer service industry.

Development 69

Development Business Realty Realtors 69

Annarbor Appraisal

APRIL 9, 2020

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. Many agents have noted that their buyers are reticent to purchase in this manner.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Lamacchia Realty

DECEMBER 28, 2022

It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes. At that time we had an extreme overabundance of sellers and not enough motivated buyers. Therefore, most would-be sellers are in a holding pattern.

Sellers 78

Sellers Buyers Real Estate Inventory 78

McKissock

AUGUST 9, 2021

After working for a time at a Chicago radio station, he got his first real estate job in 2009. Or sometimes buyers will simply put the word out on Facebook: “Getting ready to buy! A: In a home, our buyers, who mostly buy condos, want the same thing everyone else does — a little more than they can afford! A: Inventory.

Clients 96

Clients Real Estate Real Estate Agent Client Relationships 96

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Buyers who enter the market now will enjoy some of the best selection of homes since before the pandemic as supply grows, competition wanes and home prices slip. Hold on, there! months while Seattle has 2.9.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Lamacchia Realty

JANUARY 29, 2025

Additionally, climate change, including rising sea levels and more frequent storms, made coastal properties less attractive to some buyers. Inventory overall has risen to levels not seen since before the pandemic, opening up buyer selection and could indicate that prices may not rise as steadily in 2025. Pending Sales Decreased by 9.8%

Inventory 63

Inventory Insurance Real Estate Buyers 63

Lamacchia Realty

JUNE 2, 2023

Beth Allen-Byrd Connecticut Regional Manager Lamacchia Realty has been serving buyers and sellers since 2009. I’m forever grateful for the extraordinary team of professionals I have the honor of working with every single day at Lamacchia.”

Realty 74

Realty Realtors Brokerage Agents 74

Lamacchia Realty

JULY 14, 2023

Mike McGrory Vice President of Lamacchia Property Management Lamacchia Realty has been serving buyers and sellers since 2009. Before potential buyers walk into your home, what do Read More » The post Kara Foley Announced as the Cape Cod Regional Manager appeared first on Lamacchia Realty.

Realty 69

Realty Property Management Real Estate Realtors 69

Will Springer Realtor

AUGUST 13, 2024

For now, potential home buyers and sellers are mostly in a wait-and-see mode. The county has more homes for sale (4440) than any month since September 2022 (4616), presenting great options amid less competition for determined buyers today and improved leverage in negotiations with sellers. existing home sales.

Buyers 52

Buyers Investors Sellers Inventory 52

Will Springer Realtor

DECEMBER 10, 2024

Even with mostly lower prices, affordability remains the biggest challenge for buyers as mortgage interest rates climbed toward 7%. That was about a full percentage point higher than in late August and September when buyers made offers that were completed in October. The seasonal slowdown is in full swing now. 1) were off 25% (2157).

New Listings 60

New Listings Buyers Real Estate Mortgage 60

Lamacchia Realty

AUGUST 30, 2022

Lamacchia Realty began in 2009 as a team model which in one year became #1 in Massachusetts and continued to hold that title for five consecutive years. This is an incredible step for an independently owned brokerage, particularly in 2020 during which the pandemic could have all but derailed efforts to reach this level of sales volume.

Realty 69

Realty Realtors Brokerage Training 69

Will Springer Realtor

AUGUST 1, 2023

Short sales were a common sight in the housing recession around 2009 but they have since faded from the headlines as homeowners typically find buyers before facing financial doom. Once an offer is received in a short sale, the seller must review and accept it before it can be submitted to the lender. What is a short sale?

Sellers 36

Sellers Real Estate Buyers Legal 36

Appraisal Today

AUGUST 25, 2023

The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. The seller wanted that to be a part of the home, and he didn’t want it down in a cellar. The 900 sq.ft. Why Does MLS Availability Affect Appraisals?

Appraisal 85

Appraisal Real Estate Agent Agents Real Estate 85

Will Springer Realtor

DECEMBER 11, 2022

BY THE NUMBERS. >> Seven in 10 home buyers from 2021 and 2022 have regrets about their purchase, with 30% saying they spent too much on the property. That’s according to a survey of a thousand buyers by Clever Real Estate , which noted four in 10 respondents paid 21% or more above the asking price. Census Bureau.

Buyers 36

Buyers Finance Real Estate Sellers 36

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer.

Appraisal 89

Appraisal Agents Real Estate Real Estate Agent 89

Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? The buyer and I have already agreed on a sale price.” This was in 2009 in the throes of the Great Recession. 3 on the way.

Appraisal 82

Appraisal Business Contracts Real Estate 82

Listing Spark

AUGUST 17, 2023

FHA loans are becoming an increasingly popular option for buyers all across the home market. The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements.

Investors 36

Investors Investing Buyers Real Estate 36