Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. In March of 2022, sellers received an average of 5.5

Realtors 459

Realtors Buyers Inventory Investors 459

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. To put it simply, the last half of 2020 was a seller’s market. Low-interest rates are great for potential buyers. Why is this a good thing for sellers, you ask? This means, home prices will rise and sellers will walk away with a good chunk of change. .

Property Taxes 482

Property Taxes Sellers Insurance Mortgage 482

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. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

MAY 17, 2024

Dimon further suggested a “candid review” of the thousands of new rules implemented since the passage of the Dodd-Frank Act in 2010. In just the past year, the Department of Justice has called for a full dislocation of real estate agent commissions between sellers and buyers, and new appraisal bias protections have been set up.

Lending 481

Lending Real Estate Agent Contracts Government 481

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. But one positive reason for the low inventory is that homeowners have great financials and aren’t being forced to sell their homes out of stress. NAR: Total existing-home sales receded 4.3%

Inventory 505

Inventory Housing Market New Listings Buyers 505

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In

Inventory 435

Inventory New Listings Realtors Contracts 435

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. . Even with this increase, fixed-rate loans will still be cheaper than they were before the pandemic: In the 2010-2019 decade the interest rate averaged 4.1% for 30-year fixed-rate loans.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

AUGUST 26, 2024

“I’m seeing lower fees because a lot of agents who aren’t strong, in order to get a buyer to sign on with them, they are lowering their cost,” O’Koniewski said. A report from Redfin found that during the four weeks ending July 14, 2024, the typical metro Boston home seller paid their buyer’s broker a 2.15% commission, down from 2.2%

Brokerage 511

Brokerage Agents Real Estate Business 511

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. While the homeownership rate in the U.S.

Housing Market 476

Housing Market Realtors Buyers Inventory 476

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%.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 435

Agents Buyers Sellers Inventory 435

Empire Appraisal Group

DECEMBER 19, 2024

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. million, this is the lowest sales activity for existing homes since October 2010. Moderating home price increases are welcome news for home buyers, Yun says.

Inventory 78

Inventory Buyers Real Estate Realtors 78

Housing Wire

MARCH 23, 2022

The fact that the 23% home-price growth level has been smashed in just two years and inventory just collapsed to all-time lows has created the most unhealthy housing market post-2010. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. The only risk to that 6.2

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

SEPTEMBER 13, 2024

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. Unless they need to move, sellers will almost always be disappointed with the price you can sell their home for. You’re going to crash and burn as an agent.

Agents 448

Agents Real Estate Real Estate Agent Sellers 448

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. However, in many areas of the country it does remain a seller’s market. All cash buyers now stand at 24%. The last high among all-cash buyers was seen at 35% in 2014.

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

DECEMBER 11, 2023

The firm currently serves buyers and sellers in Essex County, the Merrimack River Valley and Southern New Hampshire. The independent brokerage, which now has over 50 agents was founded in 2010 by Claude Blackman. Co-owners Robert Bentley and Alissa Christie, as well as over 60 of their agents are making the move.

Agents 435

Agents Clients Advertising Realty 435

Inman

FEBRUARY 27, 2023

Knowing these trends and being able to discuss them with buyers and sellers will give Realtors a distinct advantage. Suggesting modern features to sellers to add to their homes before listing existing properties will also give agents additional power.

Real Estate Agent 148

Real Estate Agent Agents Real Estate Modernization 148

Housing Wire

JUNE 30, 2021

million people since 2010. “Sellers who are in the market right now are rushing to get under contract because they know buyers may start rethinking their decisions when fire season worsens,” Anderson said. In all, Utah’s population has increased by 3.3 What does the future of appraisals look like?

Real Estate Agent 418

Real Estate Agent Modernization Real Estate Agents 418

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

AUGUST 24, 2023

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers. said Sturtevant.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

JUNE 21, 2022

Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. Home sellers with high equity aren’t as sensitive to higher rates because they bring a more significant down payment. The only way this happens is higher rates.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010.

Inventory 370

Inventory Buyers Investors Sellers 370

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010.

Inventory 370

Inventory Buyers Investors Sellers 370

Housing Wire

APRIL 20, 2023

NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days. are different post-2010. I am hoping that it doesn’t go lower than this.

Inventory 531

Inventory Housing Market Marketing New Listings 531

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. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime.

Inventory 397

Inventory New Listings Law Housing Market 397

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

MAY 26, 2022

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. I am hoping that if demand gets weaker, home sellers won’t be so stingy and will lower their prices because they have so much equity now. If you connect the lines, you can see where we are on a historical basis.

Inventory 526

Inventory Housing Market Construction Marketing 526

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

Lamacchia Realty

JANUARY 10, 2025

In 2010, Kevin was elected as President of the Massachusetts Association of REALTORS, after numerous years of being on the board and receiving accredited awards such as 2016 REALTOR of the Year and the Milton H. Sears Real Estate has been serving buyers and sellers since 1971, under the influential leadership of the late Paul Sears.

Realty 69

Realty Real Estate Realtors Brokerage 69

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.” In 2009, the average discount from listing was 10.2%.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Appraisal Buzz

JULY 8, 2024

Building upon recent initiatives Due to the VA’s efforts, the number of veterans experiencing homelessness has fallen by nearly 5% since early 2020, and by more than 52% since 2010. Under previous VA policies, veterans using the home loan benefit were prohibited from compensating their professional representative directly.

Legal 221

Legal Landlords Tenants Buyers 221

Lamacchia Realty

JANUARY 28, 2025

Jackie Louh Chief Operating Officer Cheryl began her real estate career in 2010 and has been expertly serving buyers and sellers both in Massachusetts and Rhode Island, taking great pride in guiding them through the entire process, from the closing table and beyond.

Realty 69

Realty Realtors Brokerage Real Estate 69

Housing Wire

SEPTEMBER 13, 2024

Ryan Serhant: My life changed in 2010 when Andy Cohen and the executives at Bravo picked me to be one of three people to be on a real estate reality television show that everyone told me not to do. RS: First and foremost, you have to have a clear understanding of what your value proposition is to buyers that you want to work with.

Brokerage 433

Brokerage Real Estate Agent Agents Real Estate 433

Lamacchia Realty

NOVEMBER 8, 2024

In 2010, Kevin was elected as President of the Massachusetts Association of REALTORS®, after numerous years of being on the board and receiving accredited awards such as 2016 REALTOR® of the Year and the Milton H. Sears Real Estate has been serving buyers and sellers since 1971, under the influential leadership of the late Paul Sears.

Realtors 69

Realtors Realty Real Estate Government 69

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. homes sold in June found a buyer in less than a month. The market has, ahem , evolved in the four years since. on the Eastside.

Sellers 61

Sellers Buyers New Listings Inventory 61

Hank Miller Team

MARCH 21, 2022

The 2022 market could not be more different than the 2010-12 market.over 100K homes were on the market during the darkest days. BUYERS & SELLERS The overall "buyer's" or "seller's" market question is best answered visually. There's so much more to know - ask us.

Real Estate 98

Real Estate Marketing Sellers Inventory 98

McKissock

OCTOBER 26, 2020

That is if you’re representing the buyer, what should you look for in terms of that extra workspace? If you’re representing the seller, how can you best exploit that feature of a home, or advise people on how to create areas for work or study if they’re lacking? Sellers need to price their property to attract a broad pool of buyers.

Buyers 61

Buyers Sellers Agents Real Estate Agent 61