Housing Wire

OCTOBER 19, 2024

We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Let’s look at this week’s numbers.

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Inventory New Listings Mortgage Contracts 499

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 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.

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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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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.

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Mortgage Inventory New Listings Contracts 443

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.

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Mortgage Inventory New Listings Retail 521

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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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.

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Mortgage Inventory New Listings Housing Market 517

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%.

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Valuation Appraisal Contracts Finance 370

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.

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Mortgage Inventory New Listings Retail 507

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 521

Mortgage Inventory New Listings Contracts 521

Housing Wire

OCTOBER 13, 2024

One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. National data: Weekly inventory change (Oct. Still, at least we saw growth in 2024.

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Inventory New Listings Retail Mortgage 497

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.

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Construction Housing Market Sellers Real Estate 370

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%

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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

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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.

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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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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 435

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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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 388

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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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.” 

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Contracts Buyers Housing Market Design 36

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

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%.

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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 81

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

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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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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 Today

OCTOBER 14, 2022

I’m always looking for something new ;> Nearly Two-Thirds of Homebuyers and Sellers Are Hesitant to Move Somewhere With Climate Risk. Meanwhile, 15% of buyers and sellers said climate change caused them to search in a different part of their area. The last one, in September 2015, destroyed nearly 2,000 structures.

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Appraisal Insurance Real Estate Business 52

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. Details still need to be ironed out, but U.S.

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Cleveland Appraisal Blog

MAY 18, 2023

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. In April, we saw the lowest number of monthly single-family home sales in Cuyahoga County since 2015. (I Both fears are understandable.

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Inventory Real Estate Agent Appraisal Real Estate 332

Will Springer Realtor

APRIL 11, 2022

But in mid-2015, five-plus years after breaking ground, the south tower of Insignia at 588 Bell Street was finished. Interior work continues on lower floors and the sales team expects to begin closing on contracts within the month. Buyers only need to put $5000 down for now to get a piece of the action. Then, I offer you this 2-bed, 2.5-bath

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Houston Properties

JULY 22, 2022

My last three listings have received a combined 14 offers and gone under contract, on average, within 4 days. Get A FREE Home Valuation Enter your email to receive a free, easy to read seller's guide on how to sell your house in the shortest time for the most money. Additional Resources For Houston Home Sellers. Houston has 3.7

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Real Estate Agent Real Estate Realtors Agents 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. since May and down 22% YoY.

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

JUNE 11, 2024

NAR SETTLEMENT UPDATES The real estate listing service for Western Washington has turned down an offer to join the nationwide settlement between the National Association of Realtors® (NAR) and sellers over claims of inflated compensation to brokers. Sellers can offer any amount – or nothing – seeking to improve consumer transparency.

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Construction Real Estate Buyers Sellers 36

Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Avoid 9 Costly Mistakes Sellers Make. Properties are still going under contract. 2020 ended favoring sellers. Remember: real estate is hyper-local! Do You Want To Buy A Home Now?

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