Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.”

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. Will 2021 be more of the same?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. Homesnap said this trend could further drain inventory as 2021 approaches. 22%, while total sales increased 19.29%.

Inventory 546

Inventory Housing Market Marketing New Listings 546

Appraisal Buzz

JULY 18, 2022

The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance. Therefore, it begs the question: what will happen to home values?

Sellers 435

Sellers Marketing Market Value Home Value 435

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. It facilitated a very unhealthy housing market in 2020-2021 that became savage in 2022. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. It wasn’t part of my forecast in 2020 or 2021. million today.

Sellers 514

Sellers Inventory Housing Market New Listings 514

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. But buyers shouldn’t get too excited. In August, 58.8% During the four-week period that ended Sept. million and 1.92

Buyers 468

Buyers Inventory Real Estate Agent Sellers 468

Appraisal Buzz

NOVEMBER 6, 2024

By the fall of 2023, mortgage rates had risen from historic lows of 2.65% in 2021 to a decade-high of 7.79%. Key Findings: Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%. The purchasing power of house shoppers was directly impacted by this.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

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. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

Inventory 532

Inventory Contracts Training Investors 532

Housing Wire

JUNE 24, 2024

Bright MLS — one of the nation’s largest multiple listing services that covers six Mid-Atlantic states and the District of Columbia — recently polled buyer and seller agents on what their clients are thinking during their home searches, including thoughts on mortgage rate hikes that have plagued other markets. Another 23.5%

Buyers 418

Buyers Mortgage Clients Agents 418

Sacramento Appraisal Blog

MAY 25, 2021

Dear Sellers, How are things? I hope all is well. The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. This is coming from a good place and it’s based on observations and conversations with the real estate community. I hope this helps. […].

Sellers 495

Sellers Marketing Real Estate Housing Market 495

Housing Wire

OCTOBER 20, 2022

Despite this drop, investment returns for home sellers is still up from 48.8% in the third quarter of 2021, and still at near-record levels for the century (20 points higher than two years ago). Metro results for home sellers. of sales in Q3 of 2021. of all sales in the third quarter of 2022. This is up from 6.7%

Sellers 435

Sellers Investing Housing Market Real Estate 435

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.

Mortgage 518

Mortgage Inventory Real Estate Technology 518

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.

Housing Market 468

Housing Market Buyers Agents Marketing 468

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? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

Clients 459

Clients Agents Buyers Sellers 459

Housing Wire

FEBRUARY 4, 2021

If buying a home is on your radar for 2021, there are still ways to do it. Are you hoping to buy a home in 2021’s hot housing market ? Will we have a buyer’s housing market in 2021? Not only can it give you a good price range to work with, but it can also make sellers more likely to choose your offer.

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

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.

Buyers 448

Buyers Mortgage New Listings Real Estate 448

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 30, 2022

It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. It’s now possible to buy a home for $400,000 that would have sold for $500,000 in 2021.”. Not yet anyway. James Kleimann contributed to this report.

Buyers 482

Buyers Mortgage Loan Officers Retail 482

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We In 2021, Florida was responsible for 12.8% billion in 2021.

Sellers 397

Sellers Real Estate Realtors Real Estate Agent 397

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. trillion to $1.7

Buyers 435

Buyers Mortgage Sellers Investing 435

Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. And don’t even think about making an offer below asking price in 2021, officials said. You won’t win the bidding war.

Inspection 545

Inspection Inventory Buyers Sellers 545

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

JUNE 11, 2024

According to the release, the integration will allow Offerpad to provide a cash offer to more sellers and will extend Offerpad’s reach to a larger audience of potential sellers. Despite these challenges, which continue to plague the industry, Bair believes that Offerpad’s integration with Realtor.com will help it grow.

Sellers 488

Sellers Real Estate Agent Buyers Real Estate 488

Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. Conversely, White and Hispanic Americans experienced gains in buyer shares. million in 2021, up from 50.5 ” The Hispanic population reached 62.5

Sellers 418

Sellers Buyers Real Estate Agent Real Estate 418

Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. in 2021-2022 and 30.5-31% No wonder, then, that many sellers decided to pull their listings.

Mortgage 468

Mortgage Sellers New Listings Buyers 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. This rule is no longer in place due to the terms of NAR’s home seller commission lawsuit settlement , which went into effect in August.

Realtors 448

Realtors Real Estate Sellers Agents 448

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. billion in 2021 to become the third-ranked LO in the country on Scotsman Guide , Cohen’s production volume dropped 60% in 2022 to about $647 million.

Buyers 418

Buyers Housing Market Marketing Real Estate Agent 418

Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. 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.

Sellers 468

Sellers Real Estate Agent Realtors Real Estate 468

Housing Wire

NOVEMBER 1, 2021

When COVID-19 happened, some sellers were able to sit back and watch the market. It was just a matter of weeks before the buyers returned and sellers sold their homes, leading home sales to get to pre-cycle highs in 2020 and 2021. In general, homeowner households were financially solid going into the crisis.

Housing Market 545

Housing Market Sellers Inventory Mortgage 545

Housing Wire

JANUARY 9, 2023

Buyer behavior on the Auction.com platform provides one of the best barometers of the retail housing market because the success and livelihood of these buyers depend heavily on them accurately anticipating what the retail market will look like in the next six to 12 months. percent, according to ATTOM Data Solutions.

Retail 505

Retail Sellers Buyers Market Value 505

Housing Wire

FEBRUARY 6, 2024

An assumable mortgage enables qualified buyers to take over the seller’s mortgage terms, including the existing balance and interest rate. It presents an appealing proposition for both buyers and sellers, particularly those looking to capitalize on historically low mortgage rates.

Mortgage 481

Mortgage Sellers Advertising Buyers 481

Housing Wire

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

JUNE 4, 2021

In 2021 alone, 1,440 Austin homes have sold for between $100,000 and $299,999 above asking price, and 72 have already sold for $300,000 or more above asking price, per a recent study from Redfin. “Some are cases of an extremely motivated buyer who was willing to pay way over asking price to secure the home they wanted.

Marketing 508

Marketing Sellers Finance Loan Officers 508

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

AUGUST 22, 2024

The plaintiff, James Lutz, is a resident of Colorado who purchased a home in Key Colony, Florida, in 2021 with the help of a buyer’s agent employed by a HomeServices of America franchise. home sellers) pursuing the same injunctive relief that Plaintiff seeks here,” the filing states.

Law 434

Law Real Estate Agent Brokerage Real Estate 434

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

JULY 28, 2021

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Statistics show that anywhere from 88–90% of home buyers with an agent and use that agent as their go-to source for information. claim dominance.

Brokerage 545

Brokerage Real Estate Clients Agents 545