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 year-over-year.

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New Listings Sellers Buyers Mortgage 390

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. of homes that went under contract last month.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

APRIL 13, 2021

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Austin has ranked as the No.

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Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

FEBRUARY 12, 2024

There were 66,000 new listings this week, of which 14,000 are already in contract. 14,000 of those new listings are already in contract. That’s the most since 2020 — before the pandemic. Immediate sales If sellers are growing we need to know if buyers are growing too. Sellers are coming back to this housing market.

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Sellers Housing Market Buyers New Listings 468

Housing Wire

JANUARY 27, 2025

She went from a brand new agent in 2020 to running her wildly successful boutique brokerage with Side in less than four years. No cold calling, no door knocking just (patiently) educating new and move-up buyers with quick-hit educational TikTok videos. Can you build a thriving real estate business on TikTok? Kina Desantis did.

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Agents Business Real Estate Real Estate Agent 369

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 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. But that’s not slowing down buyers.

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Buyers Real Estate Agent Real Estate Inventory 448

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.

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Buyers Contracts HOA Property Taxes 396

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. Tightened supply was largely responsible for a 10.6%

Inventory 511

Inventory Contracts Housing Market Buyers 511

Housing Wire

APRIL 22, 2021

“I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. “We were able to build quite a bit in 2020. “It’s just insane. “But this is a great place to live.

Buyers 459

Buyers Inventory Renovations Realty 459

Housing Wire

MARCH 17, 2025

In fact, there were more new listings unsold last week than any mid-March since 2020 just before the pandemic hit. There were 66,000 single-family homes that took offers and started contracts last week. There were nearly 7% more sellers last week than the week prior. What is driving the sellers’ behavior? Is it economic vibes?

Inventory 428

Inventory New Listings Housing Market Sellers 428

Appraisal Buzz

DECEMBER 30, 2024

Redfin reports that active listingsthe total number of homes for sale climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% Redfin reports a major reason for the jump in housing supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they seem overpriced.

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HOA Inventory Real Estate Agent Contracts 221

Housing Wire

NOVEMBER 11, 2020

“However, inadequate housing supply is putting upward pressure on home prices and is impacting affordability – especially for first-time buyers and lower-income buyers. The purchase market continued its recent slump, with the index decreasing for the sixth time in seven weeks to its lowest level since May 2020. from 11.1%

Mortgage 493

Mortgage Contracts Buyers Marketing 493

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 360

Real Estate Marketing Real Estate Agent Sellers 360

Housing Wire

JANUARY 13, 2021

Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said.

Mortgage 514

Mortgage Contracts Government Buyers 514

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. That’s coupled with a rise in mortgage rates , too.

Mortgage 497

Mortgage Contracts Inventory Buyers 497

Housing Wire

MAY 28, 2024

There are more homes on the market now than anytime since August 2020. This number will probably peak at about 700,000 this summer, crossing over 2020 levels at that point. No one wants a scenario in which there’s a flood of sellers but no buyers. In a few weeks — probably early July — inventory is likely to surpass 2020 levels.

Inventory 534

Inventory New Listings Contracts Sellers 534

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years, said First American Deputy Chief Economist Odeta Kushi. in November.

Contracts 435

Contracts Inventory Buyers Sellers 435

Housing Wire

JULY 14, 2021

drop in applications to the lowest level since January 2020. Overall inventory is still low, of course, but a cooling of the market could lead to more would-be buyers and an increase in mortgage applications soon, experts said. The prior week ‘s report showed a 1.8% from 61.6% the previous week.

Mortgage 521

Mortgage Contracts Inventory Investors 521

Housing Wire

DECEMBER 9, 2024

The pandemic boom took off in April 2020, came to a crescendo in Q1 2022 after a two-year buying frenzy, and hit an abrupt halt in July 2022. During this period, there were fewer sellers and many more buyers. This is the median price of the homes going under contract each week. Sellers are growing by 5% to 10% per week.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

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 million annualized pace in the second half of 2020.

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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

JUNE 9, 2021

Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars. The average loan size on a purchase application edged down to $407,000, below the record $418,000 set in February — but still far above 2020’s average of $353,900.”

Mortgage 476

Mortgage Contracts Government Buyers 476

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

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

OCTOBER 15, 2024

Further, some 4% of renters actually prefer that their contract states that alterations are not permitted because it reduces responsibilities and causes the renter to have less difficulty overall. million last year from 14 million in 2020. Build-to-rent solutions are filling the void left by the demand.

Tenants 370

Tenants Renovations Modernization Contracts 370

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. compared to a year ago.

Inventory 535

Inventory Realtors Contracts Development 535

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% You set your appointments the night before, and when you get there that morning, they might already be under contract.” How 2020 is still shaping the way lenders use data. year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. year-over-year, the largest annual rise in a year and the highest share for any June since 2020. This marks an increase from 59.6%

Inventory 435

Inventory Marketing HOA Contracts 435

Housing Wire

MAY 6, 2024

By the end of the summer, it looks like inventory will finally be back above 2020 levels. In the video above, you can see in the inventory chart how this year’s trajectory is climbing and looks like it’ll cross the 2020 levels by July. In fact 28,000 of these listings went into contract immediately, compared to 22,000 now.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement.

Contracts 448

Contracts Inventory Housing Market Marketing 448

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% in October.

Inventory 532

Inventory Contracts Training Investors 532

Appraisal Buzz

JANUARY 31, 2022

According to a new report from Redfin, homebuyers are struggling as 45% of homes are now finding buyers within only two weeks on the market. Some 35% of homes go under contract within a week, and both rates are their highest ever seen for this time of year.

Contracts 195

Contracts Buyers Appraisal Marketing 195

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 458

Sellers Contracts Buyers Realtors 458

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. NAHB attributes this increase to strong consumer demand for homes.

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Supply Chain Inventory Buyers Housing Market 537

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