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The housing market is now savagely unhealthy

Housing Wire

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 To show some historical perspective on the NAR breakdown of the different types of homebuyers, the chart below shows market conditions back in 2016. We have solid replacement buyers: people needing shelter.

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Making housing more affordable by bridging the affordable supply gap

Housing Wire

As Candace Taylor writes in The Wall Street Journal , “These days, buyers eschew the large, ornate houses built in [previous] years in favor of smaller, more-modern looking alternatives.” Of builders surveyed, 44% say that buyers’ ability to qualify for a loan is one of the biggest obstacles for taking on a new project.

Finance 435
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Despite hardships from pandemic, 40% of Latinos still plan to become homeowners: survey

Housing Wire

The survey also noted evidence that predominantly Hispanic neighborhoods, or neighborhoods with a Hispanic population of 50% or more, saw more than double the amount of first-time home buyer activity than that of the rest of the country between the second quarter of 2019 and the second quarter of 2020.

Inventory 497
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“It’s ridiculous”: Real estate industry opposes newly proposed cash-deal reporting rules

Housing Wire

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers.

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An inside look at local housing markets across the country

Housing Wire

According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. Where are all these buyers coming from, you ask? California. “I

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The savagely unhealthy housing market is now a nightmare

Housing Wire

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. The housing nightmare continues. million , down 3.4% from last year.

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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.