Appraisal Buzz

AUGUST 1, 2024

The market is getting more buyer-friendly as a result of a combination of increasing inventory levels and price decreases, according to Realtor.com’s July housing data. Although inventories remains below pre-pandemic levels, the difference between the levels in 2017–2019 and the current levels is decreasing. and 47.6%, respectively.

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Housing Wire

MAY 2, 2024

Since our launch in 2017, Engel & Volkers Atlanta has become a premier real estate service provider in the metro area, guiding clients through every step in their home-buying journeys,” Christa Huffstickler, CEO of Engel & Volkers Atlanta, said in a statement. The addition of AtHome & Co.

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Housing Wire

FEBRUARY 21, 2024

“This collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,” said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal.

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Housing Wire

SEPTEMBER 5, 2024

The widely anticipated Fed rate cut has already ushered in lower mortgage rates, but it seems that some buyers and sellers are waiting for additional declines,“ Realtor.com chief economist Danielle Hale said in a statement. “As less than the average August from 2017 to 2019. Median sale prices in August dropped 1.3%

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Housing Wire

FEBRUARY 20, 2024

While the gains should be celebrated, the pathway into homeownership remains arduous for minority buyers.” Over the past decade, Asian and Hispanic Americans experienced the largest gains in homeownership rates, while white homeownership has remained steady at about 70% since 2017. The overall U.S. in 2012 to 65.2%

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Housing Wire

JANUARY 12, 2023

compared to the December 2017-2019 average. “In In December, we saw both buyers and sellers pulling back as they continue to adjust to a challenging market,” Danielle Hale, Realtor.com’s chief economist, said in a statement. Despite the drop in buyer demand, the median list price was up 8.4% from December 2021.

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Housing Wire

OCTOBER 21, 2024

The lingering effects of inflation, bond market volatility, and lender caution have tempered any significant drop in borrowing costs, leaving many prospective buyers still priced out of the market. Insurance rates in Florida surged by 45 percent between 2017 and 2022, according to a recent report from the Florida Policy Project.

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Real Estate Marketing Insurance Property Taxes 493

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. Between 2017 and 2021, rural areas and small towns had remarkably consistent shares of the home purchase market at about 13% and 22%, respectively.

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Housing Wire

MAY 14, 2024

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely. But now a new threat is emerging on this front.

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Sellers Realty Insurance Realtors 449

Housing Wire

SEPTEMBER 2, 2021

Zeev was also an initial investor in the proptech’s 2017 Series B. The company works to make purchasing a home easier by fronting prospective buyers the funds to make all-cash offers. It also allows sellers access to a network of pre-approved buyers to expedite the process. billion, the company claimed.

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Real Estate Buyers Investors Sellers 414

Housing Wire

SEPTEMBER 19, 2023

Led by Carrie Théard and Sean Hettich, District South’s 40 agents serve home buyers and sellers in Louisiana’s Acadiana region. Théard and Hettich joined forces in 2017 to create District South. Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday.

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Housing Wire

MARCH 14, 2024

We have a sale in Broward County, the highest residential resale in that county, and that buyer came from a transaction in Hawaii years before. We had data in our platform that served up this person as a potential buyer, even though on the surface they wouldn’t look like a candidate for this house. 2 is a bigger-picture approach.

Real Estate 458

Real Estate Sellers Buyers Tools 458

Housing Wire

APRIL 9, 2024

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely. But now a new threat is emerging on this front.

Sellers 476

Sellers Realty Insurance Realtors 476

Appraisal Buzz

JANUARY 13, 2025

of sellers lowering their prices in Decemberup just a little from 12.7% Further, growing activity in newly listed homes and a slower market pace could spell opportunity for winter buyers who want to get ahead of the busier spring season. Nevertheless, inventories is still slowly returning to levels seen in 2017 and 2019.

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Inventory New Listings Sellers Marketing 347

Housing Wire

MAY 22, 2024

Looking at the chart above, inventory started growing late this year, but it seems normal compared to 2017-2019. The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever.

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Inventory New Listings Housing Market Contracts 514

Housing Wire

OCTOBER 21, 2024

Prior to the implementation of the current CCP in May 2020, listing brokers had two business days from the signing of the listing contract to either enter the listing into the MLS as “active” or submit a listing exclusion form, which had to be authorized by the seller, to the MLS. That should not be dictated by an association.

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Brokerage Real Estate Sellers Agents 448

Appraisal Buzz

JUNE 4, 2024

compared to normal 2017 to 2019 levels, indicating that the market remains seller-friendly. “In The specifics will vary from market to market, but the data suggest ongoing opportunity for many sellers. According to Realtor.com May housing data , median list prices have grown 37.5% from May 2019, yet inventory has decreased 34.2%

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Housing Wire

DECEMBER 1, 2021

Since its creation in 2017, the company has raised $13.5 Much of Clever’s revenue appears to come in the form of referral fees paid by these partner agents, who receive information from Clever about the seller and their property. million, including the new capital raising and a $3.5 Clever is a licensed brokerage in Missouri.

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Housing Wire

MAY 24, 2023

For many buyers, closing day represents the beginning of the next chapter in their lives – having a new place to celebrate important milestones and create new memories. Unfortunately, as buyers are preparing for this momentous day, wire fraud – a scam in which cybercriminals attempt to steal buyers’ hard-earned money – poses a serious threat.

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Real Estate Buyers Real Estate Agent Sellers 397

Housing Wire

SEPTEMBER 30, 2020

The acquisition will make Howard Hanna Real Estate Services the largest home-seller in New York, Pennsylvania, North Carolina and South Carolina, Howard “Hoddy” Hanna III, chairman of Howard Hanna Real Estate Services, told the Pittsburgh Post-Gazette.

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Housing Wire

FEBRUARY 25, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Presented by: Propertybase. of the time, within 10% 75.6% and within 20% nearly 90% of the time.

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Real Estate Agent Home Value Real Estate Loan Officers 418

Housing Wire

AUGUST 21, 2023

Homelight , a platform for homebuyers and sellers, was No. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. 193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry.

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Real Estate Real Estate Agent Technology Investors 370

Housing Wire

DECEMBER 11, 2023

Ruehrwein, who became a licensed agent in 2017 after working in the new construction industry for 28 years, serves clients in Rehoboth and surrounding Massachusetts towns, as well as East Providence and the Narraganset area of Rhode Island. Co-owners Robert Bentley and Alissa Christie, as well as over 60 of their agents are making the move.

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Agents Clients Advertising Realty 435

Housing Wire

JANUARY 25, 2023

Until mortgage rates drop below 5.5%, we can expect low housing supply, which favors sellers. We can also expect low housing demand, which favors buyers. As a result, fewer homeowners placed their homes on the market in comparison to the 3-year average prior to the COVID-19 pandemic (2017 to 2019). most likely by mid-year.

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Housing Market Marketing Inventory Sellers 459

Housing Wire

FEBRUARY 29, 2024

Eventually, in 2017, he heard back from the husband. They need to know how many deals and how many buyers they need to work with to meet those targets. Anytime I am going into a pitch, I do what I can to best understand who a seller is meeting with and who my competition is. “I You know what he said?” Serhant asked. “’We

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Agents Real Estate Real Estate Agent Marketing 468

Housing Wire

DECEMBER 3, 2020

In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. They bid $750,000 and again at $775,000, which the seller said would work. Then, a separate bidder offered $830,000, and won. “If We had offers up to $1.2

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Marketing Realty Realtors Housing Market 534

Housing Wire

JANUARY 27, 2021

Many economists are predicting low mortgage rates for an extended period of time which will keep the red-hot seller’s market intact indefinitely. With that in mind, home sellers are racing to the market and searching for ways to pay lower commissions to list their properties that they are confident will sell quickly. .

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Real Estate Agents Brokerage Sellers 353

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

MARCH 23, 2022

It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. Like home sellers, they try to make as much money as possible. million and trended toward 4.98

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Mortgage Inventory Housing Market Construction 505

Housing Wire

OCTOBER 8, 2024

In its suit, the DOJ claimed the policy restrained “competition from brokers who use the Internet to more efficiently and cost effectively serve home sellers and buyers.” A similar optional policy, which was last amended in May 2017, was later added to the NAR Handbook on Multiple Listing Policy. Section 18.3.11

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Real Estate Brokerage Realtors Legal 475

Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. DBRS Morningstar’s rating of the $224 million securitization opened up new types of bond buyers that have inherently lower costs of capital, Saluda Grade CEO Ryan Craft said.

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Finance Investing Real Estate Agent Real Estate 468

Housing Wire

APRIL 30, 2023

We have to remember that a conventional seller is usually also a traditional buyer, so new listings growing toward their seasonal peak throws cold water on the idea that no one will list their homes because they already have a low mortgage rate (the mortgage rate lockdown theory).

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Inventory Housing Market Marketing New Listings 525

Housing Wire

SEPTEMBER 7, 2022

It launched an interactive media platform as well in the fall of 2021, called Glocaly, which serves as a listing and marketing exchange for matching sellers and buyers of condos. The company initially expanded into the United States in 2017 with the launching of a Dallas-based subsidiary now called Lead Real Estate Global Co.

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Development Real Estate Luxury Properties Construction 397

Housing Wire

JULY 24, 2023

The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. 450,000 is a psychological threshold for sellers and prices tend to cluster around these big numbers. Balanced between buyers and sellers. That’s up a tiny fraction over last week and a little over 1% higher than 2022.

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Inventory Contracts New Listings Buyers 370

Housing Wire

MAY 26, 2022

If I take existing home sales from 2017 levels, it’s roughly, on average, just 300,000. I am hoping that if demand gets weaker, home sellers won’t be so stingy and will lower their prices because they have so much equity now. So, on average, just 500,000 more homes were bought than in 2019. Hey, a person can hope, right!

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Inventory Housing Market Construction Marketing 526

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. million at the end of 2017 to 4.98 million in January of 2019. We saw this happen last year.

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Housing Market Marketing Mortgage Inventory 511

Cleveland Appraisal Blog

JANUARY 5, 2023

Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022. Some of this is seasonal, but a good portion of the declines recently is due to buyers not being able to afford as much as they once were due to the rate hikes. How much of their list price can sellers expect to see in future months?

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Housing Market Marketing Appraisal Inventory 369