Housing Wire

JUNE 8, 2023

And while this situation is certainly far from ideal, according to a report published Thursday by the National Association of Realtors and Realtor.com , even with the existing level of homes available for sale, the housing affordability and inventory shortage issues wouldn’t be so severe if there were enough homes for buyers at all income levels.

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Bracketing Inventory Buyers Realtors 459

Housing Wire

JULY 1, 2021

Pending home sales metrics released by the National Association of Realtors on Wednesday revealed pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April. The effect of higher mortgage rates, which in late 2018 crested at 5%, also contributed to more stability in housing prices.

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Mortgage Housing Market Realtors Inventory 511

Housing Wire

NOVEMBER 6, 2024

While Zillow’s growth is significant given the company only launched its mortgage business in late 2018, falling rates benefited every player in the mortgage industry. The company has also rolled out a form of buyer agent agreements that can be used prior to a home tour, and they are tailored to each state.

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Mortgage Real Estate Real Estate Agent Realtors 397

Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. million, according to the National Association of Realtors. Sales of existing homes fell 6.6% month-over-month.

Mortgage 543

Mortgage Construction Realtors Inventory 543

Housing Wire

JULY 20, 2021

.” Homes for sale are still being snatched up quickly throughout the country, but a recent slowdown in bidding wars may signal some buyer fatigue in the housing market. New listings are also up 4% year over year, meaning more properties are hitting the housing market for buyers to bid on. in May and a peak of 74.1% million and 1.92

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Housing Market Marketing Inventory Construction 511

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. million in 2021, up from 50.5

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Sellers Buyers Real Estate Agent Real Estate 418

Housing Wire

FEBRUARY 1, 2021

And according to MetroStudy , in 2018, 70% of Millennial survey participants planned to purchase a home in the next 12 months. ?. 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.”

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Finance Buyers Modernization Construction 435

Housing Wire

DECEMBER 3, 2020

In 2018, Forbes ranked the city No. 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.”. Ward, a Realtor with Keller Williams, Christina and Company , said that her business is up 30.6%

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Marketing Realty Realtors Housing Market 534

Housing Wire

JANUARY 13, 2022

The median age of a first-time buyer for the past three years has remained 33 years old. Between 1981 and 2018, the median age of first-time buyers ranged between 28 and 32. There will soon be a wave of potential buyers aging into the first-time buyer age group. There are 23.4 million adults aged 28-32 in the U.S.

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Buyers Inventory Landlords Housing Market 488

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 In 2018 when mortgage rates rose, we saw existing home sales trend lower from 5.72 Even though total existing-home sales didn’t do much in 2018 and 2019, we see how higher rates impacted the demand curve.

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

JULY 1, 2021

The fact that Black buyers report earning more money and making more financial sacrifices to enter the homeowner class is one example of how difficult it is for Black people in this country to achieve the American dream.” A 2018 study from the Brookings Institute found that in the average U.S. Presented by: iEmergent.

Loan Officers 501

Loan Officers Realtors Open Houses Law 501

Housing Wire

FEBRUARY 28, 2024

All created by Realtors, for Realtors. So if you want to actually generate leads from social media, focus on telling stories that resonate with local buyers and sellers. So get over your fear of being perfect and just start creating content that resonates with buyers and sellers in your farm area. Touring a new listing?

Real Estate 482

Real Estate Marketing Tools Contracts 482

Housing Wire

OCTOBER 8, 2021

from a year ago to $356,700, according to the National Association of Realtors. After renovation , these homes sold for 28% below the average sales price of all existing home sales nationwide, according to an Auction.com analysis of nearly 100,000 homes that sold on its platform between 2018 and 2020. Skyrocketing U.S.

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Renovations Inventory Marketing Property Taxes 543

Housing Wire

NOVEMBER 14, 2024

Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox. Many Realtors are using Canva to cut their marketing budgets in half. Join Realtor Networking & Social Media Tips 4. 188,000+ Realtors can’t be wrong! Join Canva Made Easy 3. Join Lab Coat Agents Referrals 9.

Real Estate Agent 418

Real Estate Agent Real Estate Agents Realtors 418

Housing Wire

MARCH 22, 2024

“I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We We are seeing a healthy increase in inventory, which we really needed.”

Insurance 448

Insurance Inventory Marketing Real Estate 448

Appraisal Buzz

JUNE 11, 2024

Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 The National Association of Realtors (NAR) November 2023 Housing Affordability Index was the lowest reported since July 1985. population.

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Finance Real Property Design Lending 390

Housing Wire

SEPTEMBER 30, 2020

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.

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Inventory Real Estate Realtors Lending 497

Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Jane Doe is an industry-leading Realtor with a talent for selling unique properties.” In 2018, Jane Doe became a LEED Accredited Professional.”

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Real Estate Agent Real Estate Agents Clients 435

Housing Wire

OCTOBER 18, 2023

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. When you reduce the commission, you reduce the incentive for that agent to bring a buyer to your house.

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Training Agents Real Estate Real Estate Agent 459

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. This is a trend that leads me – and many others – to believe that we are quickly transitioning into a renter economy – much like the United Kingdom where their homeowner has fallen from 71% in 2003 to 63% in 2018. [2]

Sellers 435

Sellers Marketing Market Value Home Value 435

Housing Wire

JANUARY 9, 2025

The likelihood of the listing agent selling a pocket listing to a direct buyer without their own agent increases greatly with pocket listings. A reason to call your buyer leads. An off-market listing is a great excuse to call all those buyer leads in your database. We will give you ideas of how to do this in a later section.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million range because it brings us back to 2018-2019 levels, the last time we had a balanced housing market. million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. million and 1.93

Housing Market 528

Housing Market Marketing Inventory Realtors 528

Housing Wire

JULY 20, 2022

The National Association of Realtors reported that existing home sales fell last month while prices increased yearly. This is common in recent history, which has happened before in 2013/2014 and 2018/2019. Today, home buyers already have more choices than what they had last year. This is the unhealthy aspect of housing.

Inventory 518

Inventory Housing Market Marketing Realtors 518

Housing Wire

SEPTEMBER 18, 2024

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. Everybody’s happy!

Real Estate 468

Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Now we are getting the call back to balance, which is good. NAR lists the current inventory at 1.22

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Inventory Marketing Housing Market New Listings 493

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

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Property Management Real Estate Real Estate Agent Agents 448

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. If a year is a market slowdown, like 2022 or 2018, inventory might not peak until September or October.

Inventory 370

Inventory Contracts New Listings Buyers 370

Housing Wire

DECEMBER 28, 2021

In November 2018, the deadliest fire in the history of California nearly destroyed Paradise, a 144-year-old town that sits in the Sierra Foothills above the northeastern Sacramento Valley. . Those prices are higher than the national median home price of $357,000 as of November, per the National Association of Realtors.

Insurance 397

Insurance Realty Agents Construction 397

Housing Wire

JANUARY 27, 2022

If you’re a big celebrity, the press is going to find out,” Michael Nourmand, president of Beverly Hills-based brokerage Nourmand & Associates Realtors , told RealTrends. The sellers that Arrington bought the home from, purchased the home in November 2018 for $10.4 The home officially sold on May 14, 2021, for $16 million.

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Agents Real Estate Real Estate Agent Realty 370

Housing Wire

JANUARY 31, 2022

If you’re a big celebrity, the press is going to find out,” Michael Nourmand, president of Beverly Hills-based brokerage Nourmand & Associates Realtors , told RealTrends. The sellers that Arrington bought the home from, purchased the home in November 2018 for $10.4 The home officially sold on May 14, 2021, for $16 million.

Agents 370

Agents Real Estate Real Estate Agent Realty 370

Housing Wire

NOVEMBER 22, 2024

Clare Knapp, housing economist for the Austin Board of Realtors , counters the notion of a collapse “Austin is not the same Austin as it was eight years ago,” she said. The sheer amount of additional supply on the market has really given buyers more of a leg up,” she said. “I 20 — $4 less than the national average.

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Marketing Housing Market Property Taxes Construction 370

Housing Wire

JUNE 10, 2022

That’s up 10 percentage points from early 2018. Buyer morale is at an all-time low for good reason. For the past two years, mortgage rates were at historic lows, giving buyers more purchasing power. Homebuyer concerns are clearly displayed in Fannie Mae’s Home Purchase Sentiment Index, which in April 2022 was down 8.5

Real Estate 418

Real Estate Buyers Insurance Mortgage 418

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. Is this still the case, and what is the demand like from first-time buyers? That’s our biggest issue in Boston.

Inventory 418

Inventory Marketing Business Buyers 418

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Also, we had a supply spike in 2018, which caused builders to pause construction — and that was with rates only getting toward 5%. months of supply in an orderly manner.

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

SEPTEMBER 18, 2024

Virtual open houses are a unique way to help you stand out from other agents as a tech-savvy marketer and can help get your listings in front of hundreds (possibly thousands) of potential buyers online. Another cool option is pre-recording a virtual open house that buyers can access anytime and watch on their own.

Open Houses 344

Open Houses Agents Real Estate Sellers 344

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. In 2018, Zillow and Redfin joined the fray with their own iBuying business segments.

Marketing 448

Marketing Inventory Renovations Investors 448

Lamacchia Realty

AUGUST 7, 2024

August 7 th – At the Greater Boston Association of REALTORS® Annual Awards & Networking Breakfast at Venezia Waterfront Restaurant in Boston , Anthony Lamacchia was named 2024 REALTOR® of the Year. Anthony serves on many committees and groups within the REALTORS® organization on local, state, and national levels.

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Realtors Real Estate Realty Buyers 77