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

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Realtors Buyers Inventory Investors 459

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. The average sales price was $511,000.

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Mortgage Inventory Housing Market Construction 505

Housing Wire

NOVEMBER 30, 2024

Dwiggins: Since we started the company back in 2014, we were always looking to try and be a little bit different from the rest of the industry, in the sense of it wasn’t about having tons of agents. There’s been multiple studies showing that compensation is starting to decrease — especially on the buyer’s agent side.

Real Estate 370

Real Estate Training Agents Brokerage 370

Housing Wire

NOVEMBER 10, 2023

It’s the highest share of all-cash transactions recorded since 2014. Meanwhile, buyers offer bigger down payments to lessen the cost of monthly payments In September, buyers were typically putting down 16.1% In those cities, the typical buyer put down 25% of the purchase price. home purchases, compared to 29.5%

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Mortgage Buyers Insurance Government 468

Housing Wire

MARCH 18, 2022

Inventory has been slowly falling since 2014, so if demand picks up in 2020-2024, it can collapse to shallow levels. My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. You can see why some sellers are stressed now.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

SEPTEMBER 13, 2022

It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. Traditionally speaking, post-2012, inventory growth came in years where demand was weaker from mortgage buyers: 2014 and 2022. Can you blame home sellers? in 2021 and as high as 6.25% in 2022.

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Mortgage Inventory New Listings Sellers 525

Housing Wire

SEPTEMBER 12, 2023

Larson started her career in real estate as an agent at a large national franchise in 2014. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

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Brokerage Real Estate Agent Real Estate Agents 418

Housing Wire

OCTOBER 26, 2023

He testified that, in most cases, homebuyers would be unable to include buyer agent commission costs into their financing. “My concern is buyers who are cash-constrained,” Stevens said. ” But buyers are not the only ones who benefit from the current system, according to Stevens. .” The D.A.N.G.E.R.

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Buyers Sellers Agents Law 448

Housing Wire

JULY 20, 2022

This is common in recent history, which has happened before in 2013/2014 and 2018/2019. Higher rates need duration so sellers can adjust their pricing reality. We are already below 2008 levels today — not that far off the 21st century low of 2014. However, we can see a clear demand-weakness trend in 2014 and 2022.

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Inventory Housing Market Marketing Realtors 518

Housing Wire

APRIL 15, 2022

Inventory falling again in 2022 created more forced bidding wars, which frustrates buyers, keeps potential sellers from wanting to list, and creates stress for real estate agents doing a lot of work with nothing to show for it. The last time this data line was fragile was back in 2013-2014. We saw this happen last year.

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Appraisal Buzz

AUGUST 8, 2024

trillion in June 2014. Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao. In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7

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Valuation Housing Market Marketing Home Value 417

Housing Wire

AUGUST 3, 2022

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. However, as we all know, after 2020, things are just more intense. .

Mortgage 514

Mortgage Inventory Sellers Housing Market 514

Housing Wire

MARCH 16, 2022

The rate of Hispanic homeownership has been inching up each year since 2014, according to U.S. A lot of sellers were very blunt about it: ‘If it’s FHA, forget it,’” said Lizbeth Alarcon, an agent at RE/MAX Vivid Realty. Last year, the Hispanic homeownership rate grew to 48.4% from 47.5% Census Bureau statistics.

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Real Estate Agent Real Estate Agents Investors 397

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. In 2014, Bentley started his team at RE/MAX with Christie and four other agents, by 2016 the team had expanded to 10 agents and in 2018 they transitioned from a team to an independent brokerage, Bentley’s Real Estate.

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Agents Clients Advertising Realty 435

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The reality is that home sellers and builders had too much pricing power. This is because the biggest buyers of homes are mortgage buyers. Whenever you see vertical home-price growth over a period of time, it’s never a good thing.

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Housing Market Marketing Inventory Investors 482

Housing Wire

MARCH 28, 2022

For instance, Opendoor was founded in 2014 to make buying a home more efficient – or as they say “reinvent life’s most important transaction.” Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online.

Real Estate 397

Real Estate Marketing Insurance Technology 397

Housing Wire

OCTOBER 31, 2023

Buyer’s agent commissions won’t necessarily go away Two weeks ago, the Real Estate Board of New York (REBNY) and the Residential Listing Service modified their rules starting Jan. This means a listing agent can now present their listings to the public, offering $0 buyer agent compensation. It’s already happening.

Real Estate 448

Real Estate Realtors Agents Buyers 448

Housing Wire

MAY 26, 2022

If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels.

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Inventory Housing Market Construction Marketing 526

Housing Wire

NOVEMBER 29, 2021

Remember, a seller is typically also a buyer, so inventory should fall when demand picks up and that seller finds another home to buy. Total inventory levels have been falling since 2014, while sales have been rising. When inventory rises and more supply is on the market, this means demand is fading.

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Inventory Contracts Training Investors 532

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. It can be stressful enough when the markets are regular, like they were from 2014-to 2019. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So what is going on here?

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. It can be stressful enough when the markets are regular, like they were from 2014-to 2019. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So what is going on here?

Inventory 370

Inventory Buyers Investors Sellers 370

Housing Wire

DECEMBER 26, 2022

This has been a vital survey data for me over the past 11 years because the primary resident mortgage buyer is the driver of the U.S. The last time we saw this happen was in 2014. Purchase application data is a forward-looking data line that should account for the sales data 30-90 days away. 15 to 6.32% today, Dec.

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Housing Market Marketing Inventory Mortgage 516

Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. Builders have to find buyers for canceled homes, then think about their demand.

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Construction Buyers Housing Market Inventory 370

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. in 2022, the weakest showing since 2014. in November, down from a 9.2%

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Marketing Government Mortgage Sellers 435

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015.

Marketing 448

Marketing Inventory Renovations Investors 448

Housing Wire

AUGUST 23, 2022

We had missed sales estimates in 2013, 2014 and 2015. The housing construction cycle is over, but the builders will finish their homes under contract and hope rates will fall soon to lock up buyers. With housing post-2020, home sellers and homebuilders had a lot of pricing power and pushed it on the consumer because they could.

Construction 370

Construction Housing Market Sellers Real Estate 370

Appraisal Buzz

AUGUST 12, 2024

trillion in June 2014. Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up. The total value of U.S. homes has more than doubled in the past decade, climbing nearly 120% from $22.7

Housing Market 195

Housing Market Valuation Construction Buyers 195

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

Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

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Buyers Inventory Sellers Appraisal 93

Housing Wire

AUGUST 30, 2022

NAR Total Listing Data: If we cut the timeline to the last time inventory grew, which was 2014, you can see this downtrend in inventory, unlike 2001-2005, when inventory grew from 2 million to 2.5 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.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

FEBRUARY 14, 2022

Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal. Noah Goldberg came to Redfin in 2014, nine years after graduating from American University and bouncing between different corporate jobs. “I

Business 370

Business Brokerage Real Estate Agent Real Estate 370

DataMaster

MAY 17, 2023

According to the National Association of Realtors’ 2023 Home Buyers and Sellers Generational Trends Report , Millennials have made up the largest share of homebuyers from 2014 to 2022. Across all generations, 58% of homebuyers had obtained a bachelor’s degree or higher, and 61% of all buyers were married couples.

Appraisal 147

Appraisal Technology Real Estate Agent Tools 147

Empire Appraisal Group

APRIL 20, 2023

yongyuan, E+, Getty Images Source: Boomers Pass Millennials in Share of Homebuyers | Florida Realtors Boomers Pass Millennials in Share of Homebuyers By Kerry Smith NAR study: In 2022, boomers made up 39% of buyers (29% in 2021) while millennials made up only 28% (43% in 2021). Gen X made up 24% of total buyers. The main reason?

Buyers 78

Buyers Sellers Realtors Agents 78

Cornerstone

FEBRUARY 2, 2021

Here’s an overview of why selling this winter may be smarter: Even after the buyer boom seen in 2020 , it continues: Buyer demand is outpacing the supply of available homes for sale, so homebuyers frequently compete to snatch up limited listings. Many sellers are seeing homes “fly off the shelves.”

Landlords 68

Landlords Loan Officers Sellers Buyers 68

Lamacchia Realty

OCTOBER 29, 2024

Anthony Lamacchia Broker/Owner, Lamacchia Realty Maribeth Lynch and Anthony Lamacchia making acquisition final Ribbon cutting at THRIVE’s 2014 opening day This high-performing brokerage was founded by Maribeth Lynch in 2014, who is regarded as a leader in the Central Massachusetts and MetroWest Massachusetts markets.

Real Estate 74

Real Estate Realty Realtors Brokerage 74