Housing Wire

JANUARY 28, 2022

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said.

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Sellers Investing Investors Housing Market 459

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. more than at other times of the year, equating to an additional $7,700 on the typical U.S.

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Sellers Buyers Real Estate Inventory 448

Appraisal Buzz

SEPTEMBER 5, 2024

Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% 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. from August 2019 to the present. vs. August 2019).

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Sellers Housing Market Buyers Marketing 397

Appraisal Buzz

JUNE 14, 2024

Sales are sluggish because high homebuying costs are making both house hunters and prospective sellers skittish. Even though homes are selling for higher prices than ever before, many sellers are still having to drop their list prices after putting their properties on the market—one positive sign for potential homebuyers. Ongoing U.S.

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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%

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Sellers Buyers Marketing Mortgage 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

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.

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Inventory New Listings Buyers Sellers 534

Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. more homes for sale than last week and 36% lower housing inventory than in 2019. Short on time as you prepare for Thanksgiving?

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Inventory New Listings Housing Market Sellers 476

Housing Wire

OCTOBER 31, 2023

During their testimony, the home seller plaintiffs and their lead attorney Michael Ketchmark argued that despite the defendants having antitrust rules and regulations in place, the trade group and corporate brokerages knowingly violated their own rules in order to maintain high commission rates.

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Housing Wire

SEPTEMBER 12, 2024

Zillow reported that nationwide active inventory was up 22% year over year in August, although it remained 31% lower than the pre-pandemic level of August 2019. New listings, meanwhile, grew slightly on a monthly and yearly basis but were 21% lower than the same month in 2019. The listings portals said that the week of Sept.

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Housing Market Marketing Inventory Buyers 482

Housing Wire

MAY 29, 2024

It also cited its 2019 elimination of a requirement that a seller offer compensation to the buyer’s broker, as well as changes in 2022 that require any compensation to the buyer’s agent be set and paid by the seller rather than the listing broker.)

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Sellers Buyers Brokerage Realtors 508

Housing Wire

DECEMBER 27, 2023

The systems outage has derailed closings across the country over the holidays for homebuyers and sellers using the company’s title services in more than 2,000 locations. Homebuyers, sellers and appraisers have been responding to the company’s LinkedIn announcement on the cybersecurity incident, asking for clarification.

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Sellers Insurance Valuation Technology 508

Housing Wire

MARCH 29, 2024

The first change is that MLS PIN is agreeing to obtain certificates from their seller clients saying that they understand that MLS PIN does not require sellers to offer compensation to buyer brokers and that sellers are not required to compensate the buyer’s broker even when asked to by the buyer.

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Sellers Real Estate Buyers Contracts 459

Appraisal Buzz

JULY 9, 2024

June 2024 Housing Metrics – National Median list price per sq.ft: Change over June 2023: (+3.4%) Change over June 2019: (+52.6) Despite some slightly more buyer-friendly signs, sellers are still engaged and more homes are being listed compared to a year ago,” said Ralph McLaughlin, Senior Economist at Realtor.com. vs. June 2019).

Housing Market 418

Housing Market Buyers Marketing Inventory 418

Housing Wire

SEPTEMBER 13, 2022

It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. housing market that have 2019 inventory levels or higher are off my savagely unhealthy housing market list; those areas see effective pricing as demand gets weaker. Can you blame home sellers?

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Mortgage Inventory New Listings Sellers 525

Housing Wire

AUGUST 10, 2022

Some have said this is evidence of a soft landing for housing since we are in August and it doesn’t look like we are going to even get to the peak inventory levels we saw in 2019 this year, or even breach the lower levels of 2019 on the national data. We aren’t talking forced sellers, foreclosures or even short sellers.

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Inventory New Listings Housing Market Sellers 526

Appraisal Buzz

AUGUST 1, 2024

As sellers continue to list homes and buyers become choosier, the time a home spends on the market is extending, thereby helping the housing market move in a more buyer-friendly direction. Although inventories remains below pre-pandemic levels, the difference between the levels in 2017–2019 and the current levels is decreasing.

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Inventory Sellers Buyers Housing Market 418

Housing Wire

JANUARY 9, 2023

The 29% average purchase discount was also well above the pre-pandemic average of 22% between 2015 and 2019. Home sales bottoming out as sellers eventually capitulate on price. Assuming mortgage rates do not drop substantially in 2023, sellers will eventually need to capitulate on price to adjust to this new reality.

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Retail Sellers Buyers Market Value 505

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.

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Inventory Real Estate Housing Market Real Estate Agent 486

Housing Wire

SEPTEMBER 17, 2021

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.

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Buyers Inventory Real Estate Agent Sellers 468

Appraisal Buzz

JUNE 4, 2024

from May 2019, yet inventory has decreased 34.2% 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. Compared to May 2019 New York-Newark-Jersey City, NY-NJ-PA – 84.7%

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Sellers Inventory Buyers Insurance 370

Housing Wire

DECEMBER 4, 2020

iBuyer purchase volumes were significantly lower during the third quarter this year than they were pre-pandemic, according to zavvie ‘s inaugural Seller Preference Report. That figure is lower than 2019’s average of 98.6%, but that could reflect a perceived higher risk in the marketplace immediately following shutdowns. “As

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Sellers Market Value Inventory Marketing 459

Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions. The class encompasses home sellers across 20 local MLSs.

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Real Estate Agent Realtors Real Estate Sellers 458

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states.

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Sellers Realtors Buyers Agents 459

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.

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Inventory New Listings Sellers Real Estate 516

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A They started to drop a little in November 2019, and we started to get busier and busier, and then COVID happened and even more people entered the market.”

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Housing Market Agents Marketing Inventory 448

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.

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Brokerage Realty Real Estate Inventory 476

Housing Wire

OCTOBER 24, 2024

The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch in 2019. The firm is currently valued at $1.1

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Mortgage Real Estate Agent Technology Real Estate 448

Housing Wire

FEBRUARY 22, 2024

While inventory is less depleted, it remains well below the pre-pandemic level of January 2019. million in January 2019.” compared to the start of 2019, according to Realtor.com data. All eyes are on the Fed now to cut rates this summer in order to provide relief to the buyers as well as stubborn sellers. All four U.S.

Inventory 459

Inventory Sellers Buyers Realtors 459

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. Sellers, especially those who are locked into a low rate, have been waiting for market conditions to change,” said Danielle Hale, Chief Economist, Realtor.com. “Now

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Marketing New Listings Sellers Advertising 418

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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Home Improvement Realtors Real Estate Agent Inspection 435

Housing Wire

APRIL 26, 2021

At the highest points in 2019 and 2020, average home sale prices never went above $300,000 and $325,000, respectively. Average listing prices never approached $325,000 in 2019. That’s also 16 days fewer than the same period in 2020. And 45% of homes sold for more than their list price, another an all-time high.

Sellers 482

Sellers Housing Market Marketing Buyers 482

Housing Wire

MAY 21, 2021

Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). . 2019 is being used as a reference point since 2020 data is skewed by the pandemic.).

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Housing Market Marketing New Listings Mortgage 540

Housing Wire

SEPTEMBER 30, 2024

Now, with agent commissions starting to decline, agents naturally want to convey the value of their services to buyers and sellers. We simply wanted to document the distribution of the price effect for both buyer and seller agents. The answer is, almost certainly not. “We The dataset includes 2.3 million single-family home sales.

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Agents Real Estate Agent Real Estate 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. “The

Sellers 457

Sellers Contracts Buyers Realtors 457

Housing Wire

FEBRUARY 5, 2024

There are more buyers than sellers. We have slightly more sellers now than we did a year ago and inventory is now 8.8% More sellers this week than last week Each week, just a few more home sellers are testing this market. There were 7% more new sellers this week than the same week a year ago. But it’s not a lot.

Mortgage 468

Mortgage Inventory Sellers New Listings 468

Housing Wire

FEBRUARY 20, 2024

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Each week we have more sellers and each week that inventory spread over last year keeps growing.

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Mortgage Inventory Sellers New Listings 514