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. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount.

Agents 435

Agents Buyers Sellers Inventory 435

Housing Wire

JULY 25, 2023

Back in 2010, I created a structured offer process that real estate agents can follow, compete and win in a multiple offer scenario. When you look at a sales contract that is obtaining mortgage financing, 70% of the components of that offer are mortgage-related. It all goes back to the singleness of purpose.

Real Estate Agent 356

Real Estate Agent Mortgage Real Estate Training 356

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. In comparison, in 2011, homes took 96 days to sell. .

Realtors 418

Realtors Housing Market Marketing Buyers 418

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). Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. The count of new contracts this week was just over 68,000 single-family homes. Both lines indicate about 70,000 contracts.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

SEPTEMBER 22, 2021

In 2019, the share of gig workers in companies jumped 15% compared to 2010, according to data from the ADP Research Institute. Turn times are a huge pain point, especially when borrowers in unique situations may be pressed to close more quickly in a competitive seller’s market.

Finance 370

Finance Technology Lending Mortgage 370

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 measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

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

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

Sellers 61

Sellers Buyers New Listings Inventory 61

Housing Wire

DECEMBER 7, 2023

Visit Website Overview Since 2010, New England Real Estate Academy has been offering real estate classes and it was one of the first schools to be accredited to offer online training in 2016. Students who access the online practice exam questions will also find support from a team of experts. out of 5 stars Rating: 4.5 out of 5.

Real Estate 434

Real Estate Real Estate Agent Law Brokerage 434

Hank Miller Team

OCTOBER 7, 2024

of listings contracted, 35.69 of listings contracted, 35.69 Variables - US election, two shooting wars, record Fed & personal debt, low consumer confidence, rising cost of ownership, interest rates. new agent compensation laws. Greater Atlanta is largely balanced.

Real Estate 52

Real Estate Marketing Contracts Sellers 52

Appraisal Today

JUNE 14, 2024

NOTE: Please scroll down to read the other topics in this long blog post seller concessions, all cash sales, liability, new fee survey, unusual homes, mortgage origination stats, etc European-Inspired $115M Bel-Air CA Mansion Dubbed ‘Villa Del Amor’ Excerpts: 9 bedrooms, 13 baths, 14,941 sq.ft.,

Appraisal 74

Appraisal Sellers Contracts Insurance 74

Birmingham Appraisal

NOVEMBER 20, 2024

If you had told me in 2010 that I would still be writing my appraisal blog 14 years later I would have said you were crazy, but here I am. Myth #3: The appraisal always comes in at the contract price I have heard this observation from others and would like to address it as a myth because it does not always happen.

Real Estate 87

Real Estate Appraisal Inspection Contracts 87

Lamacchia Realty

JANUARY 25, 2024

As interest rates strive to find equilibrium following their sharp decline in 2020, buyers and sellers have had to accept that the era of pandemic-induced low rates is over, ushering in a period of higher monthly mortgage payments. The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

Inventory 55

Inventory Sellers Buyers Contracts 55

Will Springer Realtor

OCTOBER 15, 2024

Further down the funnel are more engaged consumers applying for mortgages, followed by buyers and sellers reaching mutual agreement on a deal, and then happy homeowners moving in at the end of the funnel. Meantime, the number of contract listings – known as Pending sales – rose 6.1% months, the greatest since April 2010 (14.5

Housing Market 68

Housing Market Marketing Construction Buyers 68

Appraisal Today

JULY 21, 2023

Often, the MLS mentions that the sellers will fill in the pool, but I don’t know if that has ever happened. The sellers originally bought the land for $12 million back in 2010. On July 5, 2023, Freddie Mac issued Guide Bulletin 2023-15 which announced several revisions to their Seller/Servicer Guide. Listed for $42.5

Appraisal 90

Appraisal Real Estate Contracts Business 90

Appraisal Today

SEPTEMBER 15, 2023

2023) Updated August 2, 2023 Excerpts: Fannie Mae and Freddie Mac (government sponsored enterprises or GSEs) published their Appraiser Independence Requirements in October 2010. This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. percent from 7.21

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1% Again, condos have had a rougher go of it.

HOA 52

HOA Inventory Buyers Contracts 52

Will Springer Realtor

FEBRUARY 13, 2024

Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. higher than January 2023.

New Listings 56

New Listings Buyers Inventory Lending 56

Appraisal Today

JULY 19, 2024

The legendary property is owned by energy trader Michael Whalen, who gave the place a massive renovation after buying it in 2010 for $2.1 The seller, an investor who had purchased the home in an estate sale, was unaware of the system’s location. The seller agreed to pump the tanks so the area could be determined. percent from 7.00

Appraisal 79

Appraisal Insurance Contracts Business 79

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. home sales – 3.79M on an annual basis through October – is at a low not seen since August 2010.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

OCTOBER 10, 2023

At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% Total sales dropped 16% (1823) since August and 22% year-on-year (YoY) for the entire county – the fewest sales for a September since 2010 (1488). on the year.

Buyers 65

Buyers Inventory Sellers Housing Market 65

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. At least that’s what some economists have expressed. Scary, indeed, but are these signs of a pending housing recession?

Finance 68

Finance Inventory Construction Buyers 68

Walitt Solutions

JANUARY 1, 2020

It requires 2010 or 2013 (or newer) 32-bit version of MS Office Excel. PRODUCT OVERVIEW: You export your own MLS data, typically 24 months of sales along with all the current actives, pendings, and under-contracts. Each export should have 24 months of sales, and all actives, pendings, and under-contracts, as of the export day.

Marketing 28

Marketing Contracts Sellers Appraisal 28

Appraisal Today

MARCH 31, 2023

Another student reported that in 2010 (after HVCC was void) a lender client told an appraiser they could not order appraisals directly with appraisers anymore…that they must use a third party. acre lot The sellers are said to have loved Italy so much they wanted to re-create a taste of the place in their own backyard. percent from 6.71

Appraisal 52

Appraisal Inspection Contracts Clients 52

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

Marketing 36

Marketing Sellers Real Estate Buyers 36

Will Springer Realtor

DECEMBER 12, 2023

King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% Americans are selling homes at an annual rate of 3.8M units, a 13-year low. higher YoY.

Housing Market 43

Housing Market Marketing New Listings Buyers 43

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. In his estimate: “Homebuilding’s going to contract.”. or lower – as low as 2.77%, according to Freddie Mac. and ease to 4.9%

Real Estate 36

Real Estate Buyers Construction Sellers 36

Listing Spark

DECEMBER 15, 2022

To ensure compliance, it’s important to get an under contract, verify income and down payment, and have the borrower go to an RMLO to get a full underwrite. So obviously you know, back in 2009 and 2010 when we started doing owner finance and the markets, you know, you couldn’t flip a house or anything.

Finance 36

Finance Investing Real Estate Lending 36

Will Springer Realtor

MAY 9, 2022

Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. UPDATE: This home is now under contract, pending inspection.

Architecture 36

Architecture Design Buyers Construction 36

Quicken Loans

APRIL 12, 2021

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. However, a motivated seller doesn’t always mean the home will sell for dirt cheap. It can be hard to pass up a good deal, especially when it’s on a large purchase like a home. Many banks won’t sell directly to home buyers.

Inspection 54

Inspection Property Taxes Mortgage Investors 54

Will Springer Realtor

FEBRUARY 9, 2022

HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. between 2010 and 2020 to edge out Denver (22.9%) and Portland, Ore.-Vancouver, The survey also said that among sellers in the 12 months ending mid-2021, 46% went on to purchase a larger home. >> The U.S.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. Sellers typically ask for back-up buyers. The sellers are asking for $2.1M ($472/sq.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

APRIL 11, 2022

Interior work continues on lower floors and the sales team expects to begin closing on contracts within the month. Update: As we prepared to publish this month’s newsletter, the union representing some 300 concrete workers in our area agreed to return to work without a new contract. from 44.2% Then, I offer you this 2-bed, 2.5-bath

Construction 36

Construction Development Inventory Buyers 36

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. Based on CoreLogic data, this graph shows the rate at which appraisal gaps have been increasing: How might this impact you as a buyer or a seller? Home values are climbing at nearly historic levels.

Sellers 61

Sellers Buyers Appraisal Loan Officers 61

Will Springer Realtor

NOVEMBER 12, 2021

in 2010, the largest decline of any state. in 2010 and Blacks comprise 3.8% We start this month’s tour of luxury listings with one that is so stunning I had to share it with you even though the property is already under contract. The sellers are even throwing in their boat as part of the deal. Whites comprise 63.8%

Law 36

Law Inventory Real Estate Government 36

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. We also believe these trends will create limited appreciation for inner loop neighborhoods known for small lots, choppy floor plans, with lots of construction from the 1990’s – 2010, especially zoned to not-top-ranked schools. Properties are still going under contract. Need To Sell?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68