Housing Wire

NOVEMBER 14, 2023

Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z likes to stay close to home With the continued trend of remote work and little desire for a long commute, Gen Z buyers are moving to homes in walkable communities with nearby amenities. Gen Z values diversity and inclusivity.

Real Estate 514

Real Estate Buyers Renovations Open Houses 514

Housing Wire

OCTOBER 4, 2023

District Court in Boston granted the Department of Justice’s request to extend all settlement related deadlines in the Nosalek buyer broker compensation class action lawsuit on Tuesday. Unlike the two other buyer-broker commission lawsuits, Moehrl and Sitzer/Burnett , NAR is not a defendant in the Nosalek lawsuit.

Buyers 448

Buyers Realtors Sellers Legal 448

Housing Wire

FEBRUARY 12, 2024

That’s the most since 2020 — before the pandemic. Immediate sales If sellers are growing we need to know if buyers are growing too. We have more buyers than sellers this time of year so the active inventory of unsold homes ticked down this week. And the spring buying season will have improved selection for home buyers.

Sellers 468

Sellers Housing Market Buyers New Listings 468

Appraisal Buzz

MAY 6, 2024

There was a sweet spot in 2020 when mortgage rates were ultra low and home prices had yet to skyrocket, allowing some lower-income Americans to break into the housing market,” says Elijah de la Campa, senior economist for Redfin, in the report. “The The drop brought that group’s piece of the home buying pie back down to where it was in 2018.

Buyers 369

Buyers Real Estate Housing Market Mortgage 369

Appraisal Buzz

SEPTEMBER 16, 2024

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. Buyers have more options to choose from for two reasons. Beyond that, more inventory is becoming available enough to improve buyer negotiating power.

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Buyers New Listings Inventory Home Value 396

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

Clients 459

Clients Agents Buyers Sellers 459

Housing Wire

OCTOBER 2, 2023

MLS Property Information Network’s (MLS PIN) settlement agreement in the Nosalek class action antitrust buyer-broker compensation lawsuit has hit yet another snag. ” It continues: “Buyer-broker commission rules are the subject of several pending antitrust suits and a pending appeal in which the United States is an appellant.”

Buyers 435

Buyers Realtors Real Estate Sellers 435

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. High home prices, rising mortgage rates, and a continuous housing shortage are discouraging buyers.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

OCTOBER 20, 2022

A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace. Price Correction Risk by Region.

Housing Market 459

Housing Market Buyers Marketing Investors 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 404

Buyers Inventory Marketing Real Estate 404

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. June 2024 U.S.

Buyers 396

Buyers Contracts HOA Property Taxes 396

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. This range’s inventory increased by 46.1%

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

NOVEMBER 22, 2021

A big part of my work since the end of 2020 is explaining to people that housing data was going to moderate because the make-up demand from COVID created a surge in sales that is very abnormal. million in 2020. Not bad considering the low inventory and all that unhealthy home price growth we have seen since the start of 2020.

Inventory 539

Inventory Housing Market Investors Buyers 539

Housing Wire

OCTOBER 24, 2024

The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform. Buyers have also been less active despite the Federal Reserve ’s 50-basis-point cut to benchmark rates last month. But supply varies widely by location, Auction.com noted.

Housing Market 482

Housing Market Marketing Retail Development 482

Housing Wire

MARCH 18, 2022

Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. Inventory has been slowly falling since 2014, so if demand picks up in 2020-2024, it can collapse to shallow levels. I thought creating the term forbearance crash bros in the Summer of 2020 would help educate homebuyers.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JUNE 28, 2022

Since the summer of 2020, I have talked about how to cool down home sales: we need the 10-year yield to break over 1.94%. Also, certain investors felt no fear post-2020. When it comes to the years 2020-2024, don’t think of a housing boom in sales or credit. This is because the biggest buyers of homes are mortgage buyers.

Housing Market 482

Housing Market Marketing Inventory Investors 482

Housing Wire

APRIL 12, 2024

According to Altos Research data , 90-day median list prices have risen from roughly $230,000 in April 2020 to $275,000 in early April 2024, contributing to the slowdown in home sales. year over year, and nearly identical to the 2,492 homes sold in February 2020 prior to the COVID-19 pandemic. recorded in mid-February 2020.

Insurance 459

Insurance Housing Market Marketing Agents 459

Housing Wire

JANUARY 18, 2024

In the complaint, the plaintiffs take aim at NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyers brokers in order to list a property on a NAR-affiliated MLS. 17, 2020, and the present. The plaintiffs are also demanding a jury trial, damages, and injunctive relief.

Realtors 533

Realtors Brokerage Real Estate Realty 533

Housing Wire

FEBRUARY 16, 2024

“In the absence of NAR’s Mandatory Offer of Compensation Rule, the expense of buyer broker commissions would be incurred by their clients (homebuyers),” the complaint states. This would lead to competition among buyer brokers to offer lower commission rates. 16, 2020, and the present.

Real Estate 468

Real Estate Realtors Realty Brokerage 468

Housing Wire

JULY 23, 2024

The affordability issues we are now seeing make the housing market more balanced in the supply levels between buyers and sellers. We’re already seeing a buyer’s market in some of the more expensive markets that have to deal with higher levels of housing inflation, such as in parts of Texas and Florida. months in May and 3.1

Marketing 493

Marketing Inventory Housing Market Buyers 493

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull.

Housing Market 477

Housing Market Marketing Sellers Buyers 477

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

MAY 8, 2024

Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand. What does that mean? Demographics also play a role here.

Inventory 518

Inventory Law New Listings Sellers 518

Housing Wire

JULY 23, 2024

the highest number since the early days of the COVID-19 pandemic in May 2020. With mortgage rates still hovering around 7%, economists believe buyers are waiting out the next few months until the Federal Reserve cuts benchmark rates, which is expected in September. It represents a 3.1% rise compared to May and a whopping 23.4%

Inventory 508

Inventory Buyers Sellers Inspection 508

Housing Wire

FEBRUARY 12, 2024

9, 2020, and the present, and paid a buyer broker commission. If NAR’s Adversary Commission Rule were not in place, then the cost of buyer broker commissions would be paid by their clients (home buyers),” the complaint states. Buyer brokers would thus have to compete with one another by offering a lower commission rate.

Real Estate 468

Real Estate Real Estate Agent Realtors Buyers 468

Housing Wire

JANUARY 16, 2024

District Court in Las Vegas by Nathaniel Whaley, who sold a home in Las Vegas in April 2022 and paid a buyer broker commission. “Sellers can sell their home for more and have their home seen by more buyers while buyers have more choices of homes and can afford representation.” 15, 2020, and the present.

Realtors 476

Realtors Real Estate Real Estate Agent Sellers 476

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. Michaels also noted that his business is still seeing a steady stream of out-of-town buyers. “We

Housing Market 459

Housing Market Agents Marketing Inventory 459

Housing Wire

MARCH 27, 2024

The company collects a 3% buyer agent commission, keeps a third of it, and refunds the rest to the buyer; it does not charge a seller agent commission fee. Listings by instant buyers (also known as “iBuyers”) plummeted last year, although the industry segment’s struggles are hardly limited to Jacksonville.

Brokerage 476

Brokerage Realty Real Estate Inventory 476

Appraisal Buzz

DECEMBER 5, 2024

Its noteworthy that the recent surge in immigration occurred in 2022 and 2023, with the Congressional Budget Office estimating that immigration levels rose from an average of 990,000 in 2020 and 2021 to 2.7 Home prices experienced substantial growth in 2020 and 2021, and rents, after a slight decline in 2020, saw a sharp increase in 2021.

Construction 418

Construction Housing Market Marketing Buyers 418

Appraisal Buzz

JUNE 27, 2024

Since the start of the epidemic in 2020, when the housing market all but collapsed, this is the first year that the average home has sold for less than list price during this time of year. That percentage is down from 36% a year ago and is the lowest for any June since 2020. Buyers may get a slight respite soon on costs soon.

Sellers 417

Sellers Buyers New Listings Agents 417

Housing Wire

OCTOBER 24, 2024

million in the first quarter of 2020. But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan.

Retail 448

Retail Buyers Renovations Finance 448

Housing Wire

JUNE 27, 2022

The country is still working through a surplus from the serious delinquencies that surged in the second quarter of 2020 as borrowers struggled to pay back their loans at the start of the pandemic, Walden said. Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? Presented by: Auction.com.

Mortgage 531

Mortgage Renovations Buyers 531

Housing Wire

MARCH 1, 2024

Both buyers and sellers are coming back to the market,” Fischer said. From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Like elsewhere in the country, Indiana has struggled with housing inventory.

Housing Market 468

Housing Market Marketing Inventory Construction 468

Housing Wire

NOVEMBER 9, 2022

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. Right on cue, 2020 came and we hit the 300 level. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 We are up 43% since 2020.

New Listings 508

New Listings Inventory Housing Market Sellers 508

Housing Wire

JULY 30, 2024

. “Private mortgage insurance continues to help buyers qualify for financing and become homeowners with down payments as low as 3%, and remains one of the most important tools available to first-time and low- and moderate-income buyers in all market cycles,” USMI President Seth Appleton said in a statement.

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Insurance Mortgage Finance Buyers 459

Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Housing Wire

AUGUST 29, 2024

to the second lowest seasonally adjusted rate in the data’s history, topping only April of 2020 when the market was frozen by the pandemic. ” In addition to the election, there are a number of reasons why buyers might be hesitant to jump back into the market. .” On an annual basis, the index fell by 8.5%

Buyers 459

Buyers Realtors Inventory Sellers 459