Appraisal Buzz

JULY 23, 2024

of all homes under contract, being canceled in that month alone. Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. of the residences that were under contract in that month. of homes that went under contract. of homes that went under contract.

Buyers 396

Buyers Contracts HOA Property Taxes 396

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

Housing Wire

OCTOBER 7, 2024

There were very few buyers in the fourth quarter 2023. Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Buyers can put the brakes on quickly.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

NOVEMBER 11, 2020

The refinance index, however, increased by 1% from the previous week – and is a robust 67% higher than the same week in 2019. “However, inadequate housing supply is putting upward pressure on home prices and is impacting affordability – especially for first-time buyers and lower-income buyers. . from 11.1%

Mortgage 493

Mortgage Contracts Buyers Marketing 493

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

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 448

Inventory Renovations Contracts Buyers 448

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

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We gain compared with 2019. pending home sales rose 5.9%

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

APRIL 1, 2024

Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. Why the difference?

Inventory 488

Inventory New Listings Contracts Sellers 488

Housing Wire

MARCH 28, 2024

The change enabled greater flexibility and choice for sellers when listing a property and gave buyers and buyers’ brokers a vehicle for negotiating for compensation when making an offer to purchase,“ NWMLS wrote in the filing. NWMLS counters that these rule changes increased transparency and removed the potential for steering.

Sellers 457

Sellers Contracts Buyers Realtors 457

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

JUNE 5, 2024

The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased from 7.05% to 7.07%, with points increasing from 0.63 the previous week.

Mortgage 479

Mortgage Government Contracts Lending 479

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

FEBRUARY 5, 2024

This is not a recipe to keep the home buyer momentum we saw building in December. Remember that the way to more selection for home buyers is with higher mortgage rates. Spring buyers’ market It’s the spring buyers market and inventory is falling each week. There are more buyers than sellers. A few years.

Mortgage 468

Mortgage Inventory Sellers New Listings 468

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. “Expected home sales growth this year is still likely to be driven by first-time buyers, spurred by millennials reaching peak first-time homebuyer age,” Kan said.

Mortgage 497

Mortgage Government Buyers Contracts 497

Housing Wire

JULY 15, 2024

Still, there are 32% fewer homes on the market now unsold than in 2019. Only a few places, Florida , Texas, Oklahoma, Arkansas, and Idaho have more homes on the market now than the pre-pandemic levels of 2019. That’s a very small number of new listings that took offers and went into contract immediately. However, most of the U.S

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. Inventory is up in every state, and several states have more unsold inventory now than in 2019.

Housing Market 456

Housing Market Marketing Inventory New Listings 456

Housing Wire

JUNE 11, 2024

“Historically, buyers have had unlimited access to agents without ever needing to compensate them for their time,” Garg said. The settlement of the commission lawsuits mandates that buyers now sign a contract to compensate their agents directly before touring homes or even identifying potential properties.

Real Estate 459

Real Estate Real Estate Agent Technology Design 459

Housing Wire

MAY 6, 2024

But it’ll take several more years of elevated mortgage rates before inventory builds back to pre-pandemic levels of 2019 or earlier. These are new listings that are already under contract, so they’re not counted in the active inventory. In fact 28,000 of these listings went into contract immediately, compared to 22,000 now.

Inventory 476

Inventory Contracts Sellers New Listings 476

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

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 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. As a result, we’re now only 21% fewer homes on the market than this point in 2019. They’re already in contract, so they don’t add to the active inventory.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

APRIL 22, 2024

He said his company is focused on buyer-side agents, whose activity is expected by some to be impacted by the National Association of Realtors’ (NAR) $418 million nationwide settlement of the commission lawsuits. The change would go into effect in mid-July 2024 if the settlement is approved by a judge.

Brokerage 447

Brokerage Real Estate Realtors Real Estate Agent 447

Housing Wire

FEBRUARY 20, 2024

Inventory is back at 2019 levels in many of these markets. Our Altos Market Action Index gauge has some of them in Buyer’s Opportunity for the first time in many years with inventory sufficiently high relative to demand. New pendings grow As inventory grows and new sellers grow, it was an encouraging week for new contracts too.

Mortgage 514

Mortgage Inventory Sellers New Listings 514

Housing Wire

JUNE 21, 2024

Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today. However, what is different this year from 2023 is that we have more sellers that will be buyers. That means that our weekly pending sales contract data is showing growth year over year.

Inventory 482

Inventory Housing Market New Listings Contracts 482

Housing Wire

APRIL 6, 2022

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.90% from 4.80%. According to Kan, as higher rates reduce the incentive to refinance, application volume dropped to its lowest level since the spring of 2019. the previous week and 51% a year ago.

Inventory 448

Inventory Mortgage Retail Contracts 448

Housing Wire

FEBRUARY 16, 2022

11, reflecting what the mortgage market looks like when rates eclipse 4% for the first time since 2019. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.05% from 3.83% the week prior, above the 4% mark for the first time since 2019.

Retail 397

Retail Mortgage Contracts Government 397

Housing Wire

MARCH 11, 2024

Market outliers The Gulf markets from Southwest Florida over to Louisiana now have inventory levels mostly back above their pre-pandemic levels of 2019 or higher. There were an additional 16,000 immediate sales, so that’s 4% more sellers this year when you include those that are already in contract and not adding to active inventory.

Inventory 516

Inventory New Listings Sellers Real Estate 516

Housing Wire

JUNE 24, 2021

Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home. The home is then sold back to the buyer at the same price that it was purchased for.

Sellers 417

Sellers Buyers Investors Inspection 417

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. The second section, shows the experiences of successful home buyers by race.

Housing Market 476

Housing Market Realtors Buyers Inventory 476

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services said its notes, to be offered in a private placement to qualified institutional buyers, will be “fully and unconditionally guaranteed on an unsecured senior basis.” million to Black Knight in damages related to a breach of contract claim. For example, Freedom raised $1.3 times, lower than its target of 3.5

Contracts 435

Contracts Investing Investors Mortgage 435

Housing Wire

DECEMBER 7, 2020

month figure recorded in October 2019. Similarly, in 2018 and 2019, mortgage rates rose to 4.75 In turn, price growth cooled so that real home price growth went negative year over year in 2019. 2) Tighten lending standards, so there are fewer buyers that qualify for the existing inventory. Hard pass.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

JUNE 22, 2024

While we aren’t back to the usual trend we had between 2013 and 2019, the fact that we had growth is a plus. Here are the price-cut percentages for last week over the previous few years: 2024: 37% 2023: 32% 2022: 29% Pending sales Below is our weekly pending contract data year-over-year to show real-time demand.

Mortgage 481

Mortgage Inventory New Listings Contracts 481

Housing Wire

MARCH 5, 2024

Rather, their priorities are buyer education and the nurturing and building of more referral relationships to expand their market share, loan originators who spoke to HousingWire said. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. Market their listings; go to their listings.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Appraisal Buzz

OCTOBER 14, 2024

The largest percentage for any August since 2019 is found in nearly half (48%) of all listings that have been active for at least 60 days. Last week’s big interest rate cut by the Federal Reserve will give buyers a boost in confidence.” Buyers see the days on market and when it starts to tick up, it’s like a scarlet letter.”

Marketing 370

Marketing HOA Buyers Contracts 370

Housing Wire

MAY 22, 2024

Looking at the chart above, inventory started growing late this year, but it seems normal compared to 2017-2019. One difference between 2023 and 2024 is that this year the pending contract data shows small but steady year-over-year sales growth. from March to a seasonally adjusted annual rate of 4.14 million in April.

Inventory 514

Inventory New Listings Housing Market Contracts 514

Housing Wire

JUNE 8, 2022

These worsening affordability challenges have been particularly hard on prospective first-time buyers,” Kan added. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019. “The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months.

Mortgage 418

Mortgage Inventory Contracts Retail 418