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The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. The only time this happened was 2006-2011 — the housing bust years. Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree. Image by Brandon Johnson/HW Media.). Now fast forward to 2022.

Sellers 514
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Lower mortgage rates are stabilizing the housing market

Housing Wire

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

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Existing home sales data shows extent of housing inflation

Housing Wire

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

Inventory 482
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Do We Hope This Listing Goes Viral? No We Don't.

Miller Samuel

Here is the text for the original listing displayed at the bottom the screenshot: Like new light-filled house with a modern design by Donald Breismeister including 9 ft ceilings on the first floor. Bathrooms are beautiful and modern with separate steamshower and large whirlpool tub. The seller is definitely not the problem.

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Why are home prices rising with higher mortgage rates?

Housing Wire

If you take 2007-2011 out of the equation, we have had only one year go negative; that was 1990, and that was only a 1% decline. To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. Compare that to 2009 to 2011, when this data line ran at 250,000 to 400,000 per week.

Mortgage 497
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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. About three in every 10 sellers say they have used a camera on the property during an open house or showing at their home, according to a study of more than 2,000 consumers from LendingTree. . >> Buyers secured 3.8

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Will Springer Realtor - Untitled Article

Will Springer Realtor

The seller is none other than Pat Monahan, lead singer for the pop group Train, and his wife, Amber. The home has been significantly remodeled since they purchased it in 2011 for $2.95M. Spacious , clean lines, refined, modern. Check out this 5-bedroom, 3.75-bathroom bathroom , 5537 sq. bath , 6798 sq. List: $7.25M ($1066/sq.