Sacramento Appraisal Blog

JULY 18, 2022

And sellers are losing it. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […]. Buyers are gaining power. I have some new visuals to show what the market is doing right now.

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Sellers Buyers Real Estate Agent Real Estate 489

Housing Wire

FEBRUARY 24, 2025

The more rates fall the more we want to own real estate. Rates dropped to ultra-low levels, so we wanted to own every bit of real estate possible. New listings To get a lot of homes on the market though we need some sellers. In total, it was another week with fewer home sellers that last year.

Inventory 495

Inventory New Listings Sellers Contracts 495

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. But in 2022, the share of homes bought in rural areas (19%) and small towns (29%) jumped considerably. Urban areas also took a hit, falling from 13% to 10%.

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Realtors Housing Market Construction Real Estate 468

Housing Wire

NOVEMBER 13, 2024

A report from Compass found that in 2022 alone, 10 U.S. “ COVID turned the real estate world upside down ,” Springer, a Compass agent in San Diego, said in a statement. markets saw homes priced at $10 million or more sell for the first time.

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Agents Marketing Luxury Properties Real Estate 370

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising. That’s up 2.4%

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Sellers Marketing Inventory Contracts 508

Housing Wire

JANUARY 10, 2023

of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. Sellers realize they’re not going to get $80,000 over the asking price like their neighbor did last year,” he added.

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Sellers Real Estate Agent Buyers Mortgage 482

Housing Wire

DECEMBER 9, 2024

In the 2010s, interest rates were very low for basically the whole decade and that encouraged Americans to buy and hoard real estate. That shortage reached its crisis peak in January 2022. Supply growth could also come from more sellers, such as investors or distressed borrowers unloading.

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Housing Market Marketing Inventory Sellers 418

Housing Wire

MARCH 14, 2025

New listings move upward, but remain historically low Altos uses new real estate listings data as a key indicator of seller activity in the D.C New listings volume grows each year during the spring months, and this year seller rates appear to be accelerating faster than in recent years. housing market. Where is the D.C.

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Housing Market Marketing New Listings Inventory 370

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. Here are the five real estate contradictions we’re seeing as we close out 2024 and prepare for the new year. Housing demand is high in some areas while others struggle to sell Real estate markets across the U.S.

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Real Estate Marketing Insurance Property Taxes 493

Housing Wire

SEPTEMBER 19, 2024

Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. Rising interest rates were a response to post-pandemic inflation that began to rise sharply at the beginning of 2022.

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Real Estate Agent Real Estate Agents Buyers 511

Appraisal Buzz

NOVEMBER 4, 2024

Housing Markets The median household income for the average homebuyer increased from $107,000 in 2022 to $108,800 in 2023. Agents, Lenders Assist Purchasers During Complex Homebuying Process With 86% of all purchasers using their services—the most of any information source—real estate agents were vital to the homebuying process.

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370

Appraisal Buzz

NOVEMBER 1, 2024

at the beginning of 2022 and 30.5% Since the supply of new-construction homes increased in 2022 and 2023 while the supply of existing homes decreased, a significant percentage of homes for sale during the past four years have been newly constructed. in Q2 of 2022. in Q1 of 2022. in Q1 of 2022. in Q1 of 2022. “A

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Construction Inventory Real Estate Agent Agents 370

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Sellers 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. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. Now fast forward to 2022.

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

APRIL 22, 2024

Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Please think of me as your go-to resource for all things real estate.

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Real Estate Open Houses Brokerage Real Estate Agent 467

Housing Wire

MARCH 31, 2025

Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. There are more sellers each week, and there are more sales, but the supply side is growing faster than demand. Those do not seem imminent.

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New Listings Inventory Housing Market Sellers 450

Housing Wire

JUNE 10, 2024

In the 24 months beginning March 2022, the U.S. However, if you ask, most people think the mortgage lock-in occurred in 2022. million fewer home sales between March 2022 and December 2023. What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade.

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Mortgage Inventory New Listings Sellers 468

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. According to the brokerage, 6.5%

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Sellers Buyers Real Estate Agent Inventory 516

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. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

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Real Estate Agent Buyers Sellers Realtors 345

Housing Wire

JANUARY 8, 2024

2022 started insanely strong and weakened rapidly in the second quarter. Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year.

Real Estate 508

Real Estate Marketing Inventory New Listings 508

Appraisal Buzz

NOVEMBER 26, 2024

With more properties available to buyers, sellers will be under pressure to compete. A large decline in mortgage rates is expected to increase competition and provide sellers more negotiation leverage by bringing more buyers than sellers back to the market. Americans have also began to embrace small-home living.

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Housing Market Tenants Marketing Mortgage 396

Housing Wire

MAY 16, 2024

The MLS is crucial for home sellers , even in a strong seller’s market, as it provides significant financial benefits and access to more potential buyers, according to a recent study by Bright MLS called “On-MLS Study: Measuring the Benefits of an Open and Transparent Housing Marketplace.” They would be wrong.

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Sellers Real Estate Buyers Marketing 441

Housing Wire

MAY 15, 2024

In the 24 months beginning March 2022, the U.S. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. The lower rates go, the fewer home sellers we have.

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Mortgage New Listings Inventory Sellers 459

Housing Wire

JANUARY 9, 2025

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. Altos considers anything above 30 to be indicative of a sellers market. In contrast, during the pandemic, the median-price peak jumped from $279,000 in 2019 to $319,000 in 2021 before falling to $310,000 in 2022.

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Housing Market Inventory Marketing Sellers 418

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5

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Housing Market Marketing Real Estate Agent Real Estate 529

Appraisal Buzz

DECEMBER 30, 2024

The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! The real estate professionals make their best predictions based on data, but no one can know whats going to happen with 100% accuracy.

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Housing Market Marketing Inventory Real Estate 363

Housing Wire

JANUARY 22, 2025

This is the largest difference ever recorded by the real estate portal as the pricing gap has grown considerably from pre-pandemic levels. For-sale listings are now 25% below their pre-pandemic averages a much smaller gap compared to 37% in January 2024 and 51% in February 2022. Zillow analyzed the 50 largest U.S.

Inventory 448

Inventory Home Value Housing Market Buyers 448

Housing Wire

JUNE 24, 2024

It looks like we’re heading back to those conditions of the second half of 2022 where inventory grew rapidly, but any real downside correction was mitigated with a withdrawal of supply. Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now.

Inventory 458

Inventory Sellers New Listings Property Taxes 458

Housing Wire

AUGUST 28, 2024

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent.

Real Estate Agent 468

Real Estate Agent Real Estate Agents Modernization 468

Housing Wire

NOVEMBER 16, 2023

Despite multiple class-action antitrust commission lawsuits , increased uncertainty over mortgage rates and low housing inventory , Compass CEO and founder Robert Reffkin says “there has never been a better time to be in real estate than right now.” Good times, like 2021, create bad habits. Bad times create good habits,” Reffkin said.

Real Estate 459

Real Estate Agents Buyers Clients 459

Housing Wire

MARCH 13, 2024

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. That just shows you how impactful the cost of insurance is in the real estate market.”

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

MARCH 10, 2025

When a home gets listed for sale in March, the seller and the listing agent use all the information about possible buyers and traffic to price that as most likely to sell. Sellers that dont get an offer either have to cut prices or withdraw the listing and both of those metrics are elevated. This was a jump of 2.5% above last year.

Inventory 425

Inventory New Listings Housing Market Sellers 425

Housing Wire

OCTOBER 20, 2023

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. You can also share the buying journey you went on with that client, if they allow you to share it on social media.

Real Estate 435

Real Estate Agents Real Estate Agent Decorating 435

Housing Wire

JANUARY 10, 2024

The National Retail Federation found that during the 2022 holiday season, retailers saw 17.9% In the world of real estate , transactions are not merely about properties but also the people behind them. By incorporating the principles of Giftology , real estate professionals can enhance the overall client experience.

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Real Estate Clients Retail Client Relationships 465

Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Demand will continue to be strong into 2022. In a normal market, we tend to see about 30% to 35% of sellers initially over-price their homes and eventually reduce the price to attract buyers.

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Housing Market Marketing Inventory Sellers 543

Housing Wire

JULY 1, 2024

While there won’t be a big drop off for new listings in July, we can assume we’ll have fewer sellers each week through the rest of the year. Add in the 15,000 immediate sales and that totals 86,000 sellers, which is not very many. There haven’t been any signs of sellers accelerating. Home prices are unchanged this week.

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Real Estate New Listings Inventory Marketing 435

Housing Wire

SEPTEMBER 28, 2023

Duffy and Rick Haase, president of United Real Estate , unveiled several new initiatives at the conference. ” A recent analysis using 2022 data from RealTrends , looked at the number of agents associated with each model as well as the total number of sides transacted.

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Real Estate Brokerage Agents Tools 435