Housing Wire

FEBRUARY 12, 2024

In 2021 there were actually more total sellers, but at the peak of the frenzy, so many of those were immediate sales that they never get counted as active inventory. Immediate sales If sellers are growing we need to know if buyers are growing too. And the spring buying season will have improved selection for home buyers.

Sellers 466

Sellers Housing Market Buyers New Listings 466

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

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Buyers get sticker shock when they see their high rate on paper alongside extra expenses for maintenance, repairs and closing costs. year over year, the largest annual decline since June 2021. The median U.S.

Buyers 448

Buyers Mortgage New Listings Real Estate 448

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

NOVEMBER 21, 2024

year-over-year improvement, marking the first annualized increase since July 2021. The share of first-time buyers rose slightly to 27% in October, up from 26% a month before, but down from 28% in October 2023. The seasonally adjusted annual rate of existing-home sales rose 3.4% month over month in October to 3.96 This also was a 2.9%

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

Appraisal Buzz

JULY 24, 2024

Following substantial increases in Coverage A, or residential coverage, from 2021 to 2022, these increases started to taper off in 2023 and kept going down until 2024. For instance, when a homeowner purchased insurance in 2021, their premium increased by $253 and their Coverage A increased by $33,500 when they renewed their policy in 2022.

Insurance 370

Insurance Buyers Marketing Business 370

Housing Wire

NOVEMBER 29, 2023

For the first time since 2021 when Americans relocated in droves, Nashville once again is a top migration destination, according to a new report from Redfin. Housing affordability remains one of the strongest assets of the Nashville housing market, but many buyers also relocated for professional reasons.

Property Taxes 448

Property Taxes Real Estate Agent Insurance Housing Market 448

Housing Wire

OCTOBER 3, 2023

Since acquiring Homes.com in 2021 , commercial real estate giant CoStar Group has made it crystal clear that it was playing for keeps in the residential real estate market. BH: I have heard some comments from CoStar about how Homes.com is well positioned for success regardless of what happens with the buyer broker compensation lawsuits.

Buyers 435

Buyers Real Estate Agents Business 435

Housing Wire

MARCH 27, 2024

Listings jumped at both the state and city levels in 2021 and 2022. 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. The pandemic supercharged movers’ interest in Florida, especially the First Coast.

Brokerage 475

Brokerage Realty Real Estate Inventory 475

Housing Wire

FEBRUARY 13, 2024

And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community. With multiple builders offering an array of home types and floor plans, buyers can find homes that fit their life stage.

Buyers 482

Buyers Design Construction Marketing 482

Housing Wire

MAY 13, 2024

Nationwide, 90,772 mortgages for second homes were originated in 2023, down 40% from a year earlier and down 65% from the height of the post-pandemic housing boom in 2021, according to a new report from Redfin. By comparison, mortgage applications for primary homes were down 20% year over year in 2023 and down 35% compared to 2021.

Mortgage 459

Mortgage Marketing Buyers Investing 459

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. The event is exclusively for HW+ members , and you can go here to register.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

APRIL 9, 2024

Homebuilders are observing a rise in demand for homes that can accommodate natural aging from Gen X buyers. Gen X buyers are also more likely to have more financial means and control over their potential options, and are keeping access to necessary later-life services in mind when choosing where to live as they get older, the story explained.

Buyers 511

Buyers Construction Realtors Housing Market 511

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It In other words, if a buyer can sell their home in a specific timeline, the contingency is pulled and the buyer can purchase the property.

Mortgage 448

Mortgage Buyers Contracts Finance 448

Housing Wire

OCTOBER 23, 2024

While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices. Moderating home price increases are welcome news for home buyers,” Yun said. In September, the median sales price for an existing home was $404,500, up 3% from a year ago.

Inventory 461

Inventory Realtors Buyers Real Estate 461

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 458

Housing Market Agents Marketing Inventory 458

Housing Wire

JUNE 27, 2022

It’s more than a 71% drop from the same period in 2021. An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. from May 2021 on sharply higher interest rates. A total of 1.46

Mortgage 531

Mortgage Renovations Buyers 531

Housing Wire

MAY 29, 2024

These are among the best mortgage experts in the country and the service they provide will allow more buyers to use their home equity to transition from one home to the next.” Launched in 2021, Calque offers a range of products tailored for borrowers seeking to purchase a new home before selling their current one.

Mortgage 459

Mortgage Buyers Sellers Agents 459

Housing Wire

FEBRUARY 20, 2024

While the gains should be celebrated, the pathway into homeownership remains arduous for minority buyers.” But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints. Minority buyers, in particular, face difficulties in saving for a down payment, exacerbated by high rent prices and student loan debt.

Buyers 475

Buyers Inventory Realtors Mortgage 475

Housing Wire

JULY 29, 2024

There is still moderated demand from buyers, but there are a lot of people just sitting on the sidelines right now because housing affordability and rates are playing a big role in people’s decisions.” At the height of the pandemic market in June 2021, however, the Billings metro area reported a Market Action Index score of 75.42.

Housing Market 442

Housing Market Marketing Real Estate Agent Inventory 442

Housing Wire

AUGUST 27, 2024

A sale contingency in a real estate purchase contract makes the sale of a property dependent on the successful sale of the buyer’s current home. If the buyer successfully sells the home within the agreed timeframe, the contingency is removed and the purchase of the new home proceeds as planned.

Contracts 466

Contracts Real Estate Agent Real Estate Buyers 466

Housing Wire

MARCH 22, 2023

According to Redfin, the last time down payment percentages were at this level was in early 2021 — prior to the pandemic real estate boom reaching its zenith. Most offers on homes written by Redfin agents in January were not part of bidding wars , which differs significantly from 2021 and early 2022. The pandemic peak of 17.5%

Buyers 435

Buyers Sellers Mortgage Realtors 435

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. On the demand side, buyers are wary of purchasing a condo since it has become less affordable. It’s causing buyers to rethink their plans.”

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

NOVEMBER 16, 2023

Good times, like 2021, create bad habits. According to Reffkin, the onset of the COVID-19 pandemic, as well as the frenetic pace of the 2020, 2021, and even early 2022 housing markets, led to a reliance on technologies like Zoom, texting, email and social media for communication, leading transactions.

Real Estate 459

Real Estate Agents Buyers Housing Market 459

Housing Wire

OCTOBER 3, 2022

Skyrocketing mortgage rates – now in the 7% range for some buyers – and limited inventory have driven mortgage affordability to its lowest levels since the early 1980s, a reversal from the frenetic boom in buying during 2020 and 2021. That monthly payment is up $930 from August 2021, a 73% increase. With mortgage rates at 6.7%

Inventory 529

Inventory Home Value Housing Market Mortgage 529

Housing Wire

MAY 1, 2024

Lutz, a resident of Colorado, purchased a home in Key Colony, Florida, in 2021 with the help of a buyer’s agent employed by a HomeServices of America franchise. Lutz’s attorneys wrote that this has “led to higher home prices paid by buyers.” On Monday, homebuyer James Lutz filed a class-action antitrust lawsuit in a U.S.

Sellers 468

Sellers Real Estate Agent Realtors Real Estate 468

Housing Wire

MAY 20, 2024

Buyers are having a hard time finding single-family homes in their budget because not many homeowners are letting go of their houses, and those who are listing tend to price high because they haven’t come to terms with the fact that prices have come down from their 2022 peak. Census Bureau and the U.S.

Construction 468

Construction Inventory Buyers Sellers 468

Housing Wire

OCTOBER 3, 2024

Zawislak purchased a home in Chicago in 2021 and D’Acquisto bought a home in Bartlett, Illinois, in 2022. While the National Association of Realtors (NAR) was not named as a defendant in the suit, it was listed as a co-conspirator along with several Realtor-owned MLSs.

Realtors 444

Realtors Real Estate Sellers Agents 444

Appraisal Buzz

NOVEMBER 25, 2024

However, the growth in business for lenders was considerably below a rise in the spring of 2024, and even though home-mortgage rates fell by about 6% for a 30-year fixed loan by the end of Q3 2024, total mortgages were still nearly two-thirds lower than their peak in 2021. billion was financed to buyers and homeowners. billion, was 2.5%

Lending 397

Lending Mortgage Buyers Real Estate 397

Housing Wire

JANUARY 10, 2023

In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. During the pandemic, record-low mortgage rates invited more demand and led buyers to outbid the asking price and waive concessions to “have their offers taken seriously,” according to the Redfin report. A new Redfin report found a record 41.9%

Sellers 482

Sellers Real Estate Agent Buyers Mortgage 482

Housing Wire

MARCH 6, 2024

Throughout 2023, the share of listings with price cuts was slightly lower than in 2022 but still much higher than the buying boom in 2021. in 2021-2022 and 30.5-31% Bad for buyers The impact of high mortgage rates on buyers is twofold. in 2019-2020, 16.9-17.2% 31% in 2023-2024.

Mortgage 468

Mortgage Sellers New Listings Buyers 468

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. The company noted that the supply of properties available at auction dropped to its lowest level since Q3 2021, when the post-pandemic federal foreclosure moratorium was still active.

Housing Market 482

Housing Market Marketing Retail Development 482

Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported. We help listing agents generate significantly more buyers for their home sales.

Mortgage 468

Mortgage Buyers Agents Real Estate Agent 468

Housing Wire

JANUARY 12, 2023

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. Buyers started 2022 facing high home prices and limited inventories and ended the year with interest rates roughly double where they started.”.

Inventory 534

Inventory New Listings Buyers Sellers 534

Housing Wire

FEBRUARY 28, 2024

“Defendant’s illegal collusion has the inevitable effect of forcing home sellers like Plaintiff to bear a cost—buyer’s side commissions—that in a competitive marketplace lacking Defendants’ collusion would be borne by the buyer, if at all,” the complaint reads. 2021 to a buyer represented by a Redfin agent.

Realtors 459

Realtors Legal Agents Real Estate 459

Housing Wire

JUNE 11, 2024

Over the past year, with all of the adversity happening for buyers and sellers and the industry in general, we have really been focused on trying to find buyers and sellers where they are at,” Offerpad CEO Brian Bair said in a statement. “We

Sellers 488

Sellers Real Estate Agent Buyers Real Estate 488

Housing Wire

SEPTEMBER 24, 2024

Buyers] have been the ones to benefit from just the steadiness and lack of volatility.” According to data from Altos Research , the median home price jumped by almost 20% in the first seven months of the pandemic, then jumped another 11% in the first four months of 2021. This was followed by a 15% crash in the second half of 2021.

Housing Market 458

Housing Market Marketing Property Taxes Inventory 458