Housing Wire

AUGUST 26, 2024

The number of starter homes on the market last month was about 30% less than in July 2019. Not only do you have young families and investors looking at starter homes, you also have buyers who have been forced to consider less-expensive options due to near-record home prices. year over year to its highest level since October 2022.

Buyers 448

Buyers Inventory Marketing Contracts 448

Housing Wire

SEPTEMBER 20, 2023

Defendants in the Sitzer/Burnett class action lawsuit, which deals with buyer brokers’ commissions, are facing two fewer claims. The past few weeks have been eventful for the Sitzer/Burnett lawsuit, as well as the larger Moehrl lawsuit in Illinois, which also deals with buyer-broker commissions. Bough, a U.S.

Buyers 459

Buyers Law Realtors Agents 459

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% In Wise County , there were only 56 listings.

Inventory 459

Inventory Buyers Agents Real Estate 459

Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It For buyers, the tight inventory has meant frequent compromises to their search parameters.

Buyers 390

Buyers Inventory Marketing Real Estate 390

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. That case named the NAR, Keller Williams, Anywhere, RE/MAX, HomeServices and HomeServices affiliates as defendants, and was originally filed in 2019.

Buyers 459

Buyers Brokerage Agents Sellers 459

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I There has also been an uptick in the strength and scale of natural disasters.

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

APRIL 25, 2024

Buyers are really struggling.” Data from Altos Research shows that the 90-day average median list price for single-family homes in the Cincinnati metro area has risen from $284,800 in April 2019, prior to the onset of the pandemic, to $389,250 as of April 24, 2024. “I We are just getting fired up,” Back said. “It

Buyers 459

Buyers Marketing Inventory Investors 459

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. from August 2019 levels, it is still improving.

Sellers 397

Sellers Housing Market Buyers Marketing 397

Appraisal Buzz

JUNE 14, 2024

Buyers today are facing many of the realities of a hot market even though few homes are changing hands,” said Elijah de la Campa, Senior Economist at Redfin. And with so few homes for sale, buyers in some markets are getting into bidding wars, which is helping push home prices to record highs.” month over month in May, and by 8.8%

Sellers 435

Sellers Buyers New Listings Mortgage 435

Appraisal Buzz

OCTOBER 16, 2024

Notably, median rents are still $286 (19.6%) higher than they were in September 2019 (prior to the pandemic), but this increase is less than the 50.8% The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip first appeared on The MortgagePoint. over the same period). With a growth rate of 21.4%

Sellers 418

Sellers Buyers Marketing Mortgage 418

Housing Wire

JANUARY 12, 2023

compared to December 2019 and 38.2% 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. below its pre-pandemic 2019 level. compared to December 2019.

Inventory 534

Inventory New Listings Buyers Sellers 534

Housing Wire

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Buyers have more options to choose from for two reasons. Zillow noted that the U.S. 29 to Oct.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Appraisal Buzz

JULY 23, 2024

Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. of homes that went under contract. month-over-month.

Buyers 396

Buyers Contracts HOA Property Taxes 396

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. Competition heats up In 2019, Watson Realty Corp. DR Horton and Dream Finders both ranked in the top 10 in 2019, and Lennar made a top 10 appearance in 2020.

Brokerage 475

Brokerage Realty Real Estate Inventory 475

Housing Wire

JUNE 20, 2024

1 in population growth for eight straight years and The Wall Street Journal named it the hottest job market in 2019 and 2020. But while rising inventory and days on market are proof of lower demand, Austin home prices remain stubbornly elevated above their 2019 levels. higher than 2019 prices.

Inventory 483

Inventory Real Estate Housing Market Real Estate Agent 483

Housing Wire

NOVEMBER 22, 2023

Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. They did, just in time for a slew of interest rate hikes to depress buyers’ appetites. 2019 level. If the nation’s largest homebuilder, D.R.

Inventory 488

Inventory Home Value Housing Market Buyers 488

Housing Wire

JANUARY 19, 2024

was also below the 2019 average of 60.3%, which serves as a good benchmark of the distressed property pricing in a relatively normal real estate market with low single-digit home price appreciation. in October — nearly five points below the 2019 average. of the estimated after-repair value of those same properties — or 41.4%

Retail 488

Retail Marketing Realtors Real Estate 488

Housing Wire

FEBRUARY 13, 2024

As a point of comparison, in the benchmark year of 2019, 31,000 new homes were purchased in the top 50 master planned communities. With multiple builders offering an array of home types and floor plans, buyers can find homes that fit their life stage.

Buyers 482

Buyers Design Construction Marketing 482

Housing Wire

DECEMBER 2, 2021

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

Inventory 516

Inventory New Listings Contracts Housing Market 516

Appraisal Buzz

DECEMBER 10, 2024

With mortgage rates likely to ease only modestly next year, these marketsoffering relatively lower-priced homes, more new and existing houses to choose from, and mortgage products designed to give buyers a leg upcould provide some would-be buyers a better chance at entering the market next year. of income and a cost of living 11.5%

Housing Market 415

Housing Market Marketing Inventory Government 415

Housing Wire

MAY 29, 2024

In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. Instead, the settlement agreement allows for offers of compensation ’off MLS,’ where that information is hard to find and not available to all buyers and brokers.

Sellers 508

Sellers Buyers Brokerage Realtors 508

Housing Wire

OCTOBER 31, 2023

A Kansas City jury has found the National Association of Realtors , HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation Rule, in the Sitzer/Burnett buyer broker commission lawsuit. The defendants have been ordered to pay damages of $1.78

Brokerage 545

Brokerage Realtors Sellers Buyers 545

Housing Wire

JUNE 20, 2024

That was down from 49,473 active single-family listings in June 2019, and only slightly better than the all-time low of 9,570 active single-family listings set in late April 2022, according to data from Altos Research. Buyers are taking their time and they definitely are being pickier,” Wallace said.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

OCTOBER 11, 2021

First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019. From 2008 to 2019 we had the weakest housing recovery ever, following a bust. We had no chance of reaching this number during the years 2008 to 2019.

Housing Market 535

Housing Market Marketing Construction Investors 535

Housing Wire

MARCH 29, 2024

In its proposed brief, CMLS writes that in its statement of interest, the DOJ is looking for “an injunction that prohibits offers of buyer broker compensation by MLS PIN participants.” Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area.

Sellers 459

Sellers Real Estate Buyers Contracts 459

Housing Wire

MARCH 22, 2024

According to data from Altos Research as of March 15, the 90-day average number of single-family active listings in the Naples-Marco Island metro area was 2,362, up from 1,605 one year earlier but down from the 3,760 listings recorded in late March 2019 prior to the COVID-19 pandemic. In comparison, the average U.S.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

APRIL 24, 2024

1 brokerage by listing count from 2019 through 2023. Despite its continued lead, the properties listed by the firm on Multiple Listing Services (MLSs) in the county fell from 4,360 in 2019 to 2,390 in 2023, a 45% drop as homebuying slowed significantly in Dallas and nationwide. In the past five years, eXp Realty has done just that.

Brokerage 446

Brokerage Realty Marketing Real Estate 446

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.” While inventory is less depleted, it remains well below the pre-pandemic level of January 2019.

Inventory 459

Inventory Sellers Buyers Realtors 459

Appraisal Buzz

OCTOBER 28, 2024

more than they would have in 2019, the median monthly property tax payment has increased the greatest during that time, reaching $205. to $228 since 2019), according to a Redfin analysis of property taxes for single-family homes among the 50 most populous U.S. Top 5 Metro Areas Where Property Taxes Have Increased Most Since 2019 U.S.

Property Taxes 349

Property Taxes Home Value Government HOA 349

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.

Inventory 418

Inventory Sellers Buyers Housing Market 418

Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. In 2019 the number was 200,000. Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

DECEMBER 29, 2023

The assertion that funds are secure and can be accepted is contradicted by the practical reality that, once within their system, accessing said funds becomes an insurmountable challenge,” a buyer said. It paid nearly $500,000 in a settlement to the SEC in 2019.

Insurance 492

Insurance Valuation Technology Buyers 492

Housing Wire

JANUARY 9, 2023

Buyer behavior on the Auction.com platform provides one of the best barometers of the retail housing market because the success and livelihood of these buyers depend heavily on them accurately anticipating what the retail market will look like in the next six to 12 months. percent, according to ATTOM Data Solutions.

Retail 504

Retail Sellers Buyers Market Value 504

Housing Wire

DECEMBER 9, 2024

The number of unsold homes on the market is finally getting closer to 2019 levels. Its now only 17% fewer homes on the market than at the end of 2019. We use 2019 as a proxy for normal times before the pandemic craziness hit even though the unsold inventory in 2019 had been declining for most of the previous decade.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

OCTOBER 21, 2024

Last year in the fourth quarter, buyers were running for the exits. Interestingly, inventory is now only 21% fewer than in 2019. We use 2019 as a bit of an arbitrary baseline, because that was the last pre-pandemic year. We use 2019 as a bit of an arbitrary baseline, because that was the last pre-pandemic year.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

JULY 25, 2024

Homebuyers as a cohort are getting older, with 2023 data from the National Association of Realtors (NAR) showing that the typical first-time buyer last year was 35, while the average repeat buyer was 58. USA Today also cites some of its own reporting from 2019 that took aim at certain actors in the reverse mortgage industry.

Mortgage 476

Mortgage Home Value Finance Buyers 476