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Home-price index gains the most since 2018

Housing Wire

in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. advance in the prior month, and it was the largest annual gain since December 2018. The post Home-price index gains the most since 2018 appeared first on HousingWire. million, down 18.6%

Inventory 542
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Market Correction or Seller Panic?

Appraisal Buzz

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 are panicking right now which is almost always an opportunity for buyers. So, how do you comp in this market?

Sellers 435
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NAR launches Spanish language version of website

Housing Wire

In time for National Hispanic Heritage Month, the National Association of Realtors has launched ‘NAR en Español,’ a Spanish language subsite to the association’s main webpage. Since 2018, the NAR en Español initiative has helped Spanish-speaking Realtors leverage networking and additional sources, the association said.

Realtors 476
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Bidding wars – the scourge of buyers – slowed in August

Housing Wire

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. Sellers remain in control, but the next month or two will be very telling,” Stacey Delgado, a Redfin agent in Raleigh said.

Buyers 468
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Mortgage rates jump to 3.17% last week

Housing Wire

“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
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OneKey MLS to use CubiCasa’s floor plan creation tools

Housing Wire

The company delivered more than one million floor plans for 50,000 companies since its inception in 2018. Equipping our members with easy-to-use floor plan creation tools will enhance the services they offer to both homebuyers and sellers.

Tools 435
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Brokerage defendants file motion to dismiss Batton 2 suit

Housing Wire

Each of these out-of-state Named Plaintiffs allegedly enlisted a buyer-agent in the period from 2018 to 2021 to purchase a home in these other states. In addition to the joint motion to dismiss, United Real Estate and Weichert Realtors filed motions to dismiss due to lack of jurisdiction.

Brokerage 392