Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

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Realtors Buyers Real Estate Brokerage 483

Portland Appraisal Blog

DECEMBER 24, 2024

PEARL DISTRICT SUMMARY STATISTICS Taking the 35,000-foot view, we can see the average yearly prices have been steadily declining since 2016: Average prices this year are essentially the same as they were in 2015. The main reason for this decline is due to a couple of large high-rise condominium buildings being completed in 2016 and 2018. (We’ll

Marketing 88

Marketing Advertising Appraisal Inventory 88

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.

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New Listings Inventory Contracts Sellers 415

Housing Wire

AUGUST 24, 2024

The last time we saw this kind of effect was when mortgage lenders had to start incorporating TRID in 2015 — it created a one-month crash in existing home sales because it just took a bit longer to close a deal. The following month, those sales rebounded as everyone finds a rhythm in how to operate. Weekly inventory change (Aug.

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Inventory New Listings Sellers Mortgage 501

Housing Wire

JUNE 15, 2024

As most sellers are buyers, seeing more sellers listing their homes has been good. Here are the price-cut percentages for last week over the previous few years: 2024: 36% 2023: 31% 2022: 27% Pending sales Below is our weekly pending contract data on a year-over-year basis to show demand in real time.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

JULY 20, 2024

The seasonal decline in new listings will begin soon and we will see if we get fewer sellers in the second half of the year than the current trend. With more sellers who are buyers, we have a tad more demand this year. So far the weekly high print in 2024 is only 72,329.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

MAY 1, 2024

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” Barton also touched upon the terms of NAR’s settlement agreement.

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Real Estate Agents Contracts Real Estate Agent 464

Housing Wire

JUNE 22, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 37% 2023: 32% 2022: 29% Pending sales Below is our weekly pending contract data year-over-year to show real-time demand. With more sellers who are buyers, we have a tad more demand this year.

Mortgage 481

Mortgage Inventory New Listings Contracts 481

Housing Wire

JULY 13, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 38% 2023: 33% 2022: 33% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand. With more sellers who are buyers, we have a tad more demand this year.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

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Mortgage Inventory New Listings Contracts 525

Housing Wire

JULY 6, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 38% 2023: 33% 2022: 32% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand. With more sellers who are buyers, we have a tad more demand this year.

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Housing Market Mortgage Inventory Marketing 477

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

JULY 27, 2024

Most sellers are buyers and the housing market needs standard new listing data for the rest of the year. Here are the price-cut percentages for last week over the previous few years: 2024: 39% 2023: 34% 2022: 36% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand.

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New Listings Inventory Mortgage Sellers 519

Housing Wire

AUGUST 4, 2024

Here are the price-cut percentages for last week over the previous few years: 2024: 39% 2023: 35% 2022: 38% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand. With more sellers who are buyers, we have a bit more demand this year. Weekly inventory change (July 26-Aug.

Mortgage 519

Mortgage Inventory New Listings Housing Market 519

Housing Wire

SEPTEMBER 15, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. 2023: 37% 2022: 41% Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

SEPTEMBER 22, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. 2023: 37% 2022: 41% Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

OCTOBER 5, 2024

Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. The 12 weeks of positive data both came with mortgage rates headed toward 6%. We’ll see what happens with the noticeable rise in rates over the last several weeks. Weekly inventory change (Sept.

Mortgage 511

Mortgage Inventory New Listings Retail 511

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

Empire Appraisal Group

FEBRUARY 27, 2025

Lance Lambert source: [link] If you purchased rental property before 2015, you’ll likely pay thousands of dollars in taxes when you sell, not to mention lose your cash flow. In the fourth quarter ending October 31, the homebuilder sold 2,658 homes, up 30% from the 2,038 homes signed under contract during the same quarter last year.

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Landlords Inventory Housing Market Real Estate 78

Housing Wire

JULY 12, 2022

The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. The seller accepts it; they go into contract. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

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Appraisal Inspection Real Estate Agent Training 436

Housing Wire

DECEMBER 20, 2021

In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We But will end in December. And we found that 30 states had included at least one of those groups,” she said.

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Mortgage Government Contracts Insurance 418

Birmingham Appraisal

JULY 27, 2022

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Alabaster, AL 1st quarter home sales: 2014 vs. 2015. Courtesy Redfin.

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Buyers Inventory Sellers Appraisal 96

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., The stunning 1.65-acre

Appraisal 81

Appraisal Contracts Sellers Insurance 81

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 71

Inventory Sellers Buyers Contracts 71

Appraisal Today

APRIL 26, 2024

The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

Appraisal 85

Appraisal Real Estate Real Estate Agent Contracts 85

Lamacchia Realty

JANUARY 29, 2025

Many sellers hesitated to list due to low pre-pandemic mortgage rates, but necessity and life changes drove increased activity, making competitive pricing critical. The market initially favored sellers at the start of the year but later saw a surge in activity that benefited buyers. increase in listings.

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Inventory Sellers Buyers Real Estate 54

Appraisal Today

DECEMBER 8, 2023

The process took several years of securing building permits, and the house was completed in 2015. High rates have forced some sellers to lower their asking price to make up for high interest rates on monthly payments. Weekly housing-market data goes back through 2015. The four-bedroom, 4.5-bath percent from 7.37 percent from 7.54

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Appraisal Real Estate Contracts Design 74

Lamacchia Realty

JANUARY 27, 2023

Below is a graph that illustrates monthly home prices since 2015. Sellers were still able to sell at a premium because inventory was low enough that despite rates, buyers paid what they had to. Rates don’t just impact buyers- they impact sellers too as most sellers are buyers! Prices Increased 8.7%

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Inventory Buyers Real Estate Sellers 74

Appraisal Today

DECEMBER 2, 2022

In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”. Compliance with Fair Housing laws, rules, and regulations.

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Appraisal Agents Real Estate Real Estate Agent 89

Appraisal Today

FEBRUARY 9, 2024

Bradley, SRA, CDEI In September of 2015, FHA revised Handbook 4000.1 That has made it hard for some individual sellers of existing homes to compete for buyers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.80 How does the FHA define appliances?

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Appraisal Contracts Insurance Construction 89

Birmingham Appraisal

JUNE 28, 2022

Sellers have had the upper hand over the past several years and have not had to even think about lowering the price of their homes. Some sellers may have priced their homes based on the past six months of market frenzy, however, they are now realizing that we are now in a different market. The trend ins Shelby county is similar.

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Real Estate Marketing Inventory Sellers 52

Appraisal Today

JANUARY 12, 2024

Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped. Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. The average contract interest rate for 5/1 ARMs increased to 6.17

Appraisal 75

Appraisal Contracts Mortgage Marketing 75

Lamacchia Realty

JANUARY 29, 2025

The market favored sellers in the beginning of the year but shifted toward buyers with a burst of activity later in the year, and a rebound is expected in 2025. The number of homes placed under contract (pending) decreased by 1.1% 2024 Real Estate Performance Highlights The number of homes sold decreased by 1.7%

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Inventory Buyers Real Estate Sellers 37

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Typically, headline market statistics do not reflect what buyers and sellers are living in their respective areas/communities. Overall, right now properties are still actively going under contract.

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Real Estate Marketing Real Estate Agent Realtors 36

Listing Spark

OCTOBER 18, 2021

Originating in 2015, Opendoor promised to simplify the home selling process by giving sellers an all-cash offer for their home within 24 hours. One of the pioneers of the real estate iBuyer model, Opendoor guarantees to help home-sellers “ skip the hassle of listing, showings, and months of uncertainty.” Steer clear 100%.

Sellers 36

Sellers Inspection Real Estate Contracts 36

Will Springer Realtor

APRIL 14, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

Housing Wire

SEPTEMBER 20, 2021

Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020. That hypothesis, too, led to a dead end.

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Appraisal Contracts Valuation Buyers 477