Appraisal Buzz

MARCH 14, 2025

month-over-month on a seasonally-adjusted basis, hitting the highest level since the early days of the pandemic (June 2020). Some homes are attracting bidding wars like its 2020 again, while others are sitting on the market for weeks with no action, said Desiree Bourgeois, a Redfin Premier Real Estate Agent in Detroit.

Contracts 393

Contracts HOA New Listings Real Estate Agent 393

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. While the median age of buyers gradually increased over the course of two decades, the COVID-19 pandemic sped it up.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% of buyers canceled in June. of homes that went under contract.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

AUGUST 14, 2024

If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. According to data from CoreLogic, Denver’s average price per square foot has risen 35% since 2020. The buyers who are in the market are shopping for the usual reasons.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

FEBRUARY 28, 2025

The trend is most pronounced in Atlanta, Las Vegas, Houston, and parts of Florida , where increasing housing supply is leading to a buyers market. With less competition, some buyers are backing out during the inspection period, hoping for a better deal. Some buyers are getting cold feet with everything going on in the world.

Inspection 362

Inspection HOA Buyers Real Estate Agent 362

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

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It Buyers are really struggling.” But rising prices are not the only financial challenge buyers are having to contend with right now.

Buyers 459

Buyers Marketing Inventory Investors 459

Housing Wire

FEBRUARY 25, 2025

annually since 2020 , led by markets in Florida, North Carolina, Southern California, and Arizona. San Francisco , the lowest-performing major market since 2020, saw prices drop by 4.5% “Mortgage rates nearing 7% in January seem to have affected buyers more than sellers,” Zillow senior economist Kara Ng said.

Housing Market 367

Housing Market New Listings Inventory Sellers 367

Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

Buyers 545

Buyers Mortgage Real Estate Housing Market 545

Appraisal Buzz

MARCH 31, 2025

Between 2020 and 2023, home insurance costs jumped 33%, averaging $2,530 annually, forcing many homeowners to weigh the financial risk of going without coverage. The skyrocketing cost of insurance is adding another financial burden to homeownership, potentially deterring buyers. A new study from LendingTree reveals that 13.6%

Insurance 378

Insurance Buyers Appraisal Mortgage 378

Housing Wire

MARCH 18, 2025

Many consumers like having an agent guide them through the process, particularly because its nearly impossible for a buyer or seller to execute the transaction on their own. As a result, the percentage of buyers and sellers using a traditional brokerage over a discount firm has actually gone up over the past 20 years. .”

Brokerage 383

Brokerage Agents Housing Market Realty 383

Appraisal Buzz

FEBRUARY 5, 2025

The prices that auction buyers were willing to pay relative to after-repair value also declined to end the year, although there were signs of price demand turning a corner higher in November and December.

Retail 334

Retail Inventory Housing Market Sellers 334

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 21, 2024

In the third quarter, a survey of about 900 prospective buyers produced an index reading of 67, the highest score since the release of the index in early 2023. The inflation rate reduction that Birk mentions led to the Federal Reserve ’s recent move to cut benchmark interest rates by 50 basis points , the first cut since March 2020.

Finance 476

Finance Housing Market Buyers Mortgage 476

Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

Government 404

Government Loan Officers Buyers Finance 404

Housing Wire

NOVEMBER 22, 2024

a year earlier and the lowest share since the end of 2020. Redfin noted that investors prefer low-priced homes due to low acquisition costs and larger pools of potential buyers or renters. But it’s more appealing than it was last year, when soaring home prices and borrowing costs put a big damper on demand.” and 23.9%, respectively.

Investors 488

Investors Real Estate HOA Housing Market 488

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

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

MARCH 8, 2024

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools. Now it is a different conversation.

Housing Market 468

Housing Market Buyers Agents Marketing 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

Housing Wire

NOVEMBER 26, 2024

It’s the slowest rate of sales in the South since April 2020 at the onset of the COVID-19 pandemic. The South had been posting strong gains, but sales in October fell to a seasonally adjusted annual rate of 339,000, down 27.7% month over month and 19.7% year over year. Its October pace came in at 46,000, up 53.3% from the prior month and 35.3%

Inventory 448

Inventory Sellers Development Mortgage 448

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.

Buyers 396

Buyers Inventory New Listings Home Value 396

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse.

Realtors 468

Realtors Housing Market Construction Real Estate 468

Housing Wire

JANUARY 17, 2025

The team was brokered at Douglas Elliman since 2020 and works across all sectors of the real estate market, from multimillion-dollar mansions to starter homes. “Compass empowers sellers to market their homes on their terms and gives buyers access to inventory unavailable elsewhere,” Leahy said in a statement.

Inventory 370

Inventory Brokerage Real Estate Sellers 370

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

Appraisal Buzz

FEBRUARY 13, 2025

According to a new report from Redfin , homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. Thats a week longer than a year earlier, marking the longest period for any January since 2020. Pending home sales dropped 4.2% year-over-year.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

Appraisal Buzz

JANUARY 31, 2025

Prospective buyers have been cautious because theyve seen homes sitting on the market and theyve heard interest rates and prices may drop. When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. The market had 5.2 The market had 5.2

New Listings 390

New Listings Sellers Buyers Mortgage 390

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

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

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. With affordability shrinking, buyers are taking more risks to secure homes, according to HomeLight s 2025 Lender Insights & Predictions survey. Dont obsess with finding the perfect first home.

Loan Officers 285

Loan Officers Property Taxes Marketing Insurance 285

Appraisal Buzz

OCTOBER 18, 2024

Realtor.com has produced a new analysis ahead of the November presidential election that attempts to forecast how demographic changes can alter the political landscape using proprietary data on county-level 2020 election results and geographic home shopping trends. percentage points, but New Jersey has the highest differential, at 1.4

Buyers 369

Buyers Real Estate Appraisal Marketing 369

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 413

Buyers Inventory Marketing Real Estate 413

Housing Wire

JANUARY 30, 2025

Home buyers and sellers are ending a longstanding stalemate, Realtor.com chief economist Danielle Hale shared in the report. “The shift in seller activity could mark a turning point in the high mortgage rate-induced standoff between buyers and sellers,”Hale said. In total, inventory levels were 10.8% year over year.

Inventory 369

Inventory Sellers Marketing Buyers 369

Appraisal Buzz

OCTOBER 23, 2024

Just waiting for the market to correct and find balance,” wrote one Auction.com buyer, in response to a survey regarding the impact of market conditions on bidding and purchasing behavior at auction. The survey was conducted between Sept. A lot of customers also cited election-related uncertainties as a rationale for delaying purchases.

Retail 370

Retail Marketing Inventory Development 370

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

Housing Wire

MARCH 14, 2025

Median list price of homes from September 2020 to present (Source: Altos) If you want more statistics like these that are specific to your location, check out Altosthats where all the stats above are from! Visit Altos Research Sources: Altos Research Buyer statistics Part of being a great buyers agent is getting inside the mind of a buyer.

Real Estate 357

Real Estate Marketing Real Estate Agent Sellers 357