Housing Wire

JUNE 18, 2024

Last month’s reading marked the smallest monthly increase on a seasonally adjusted basis since January 2023. A slight uptick in new listings has taken some of the pressure off sales prices as buyers have more options to choose from. Home prices rose 0.26% month over month in May, down from a monthly increase of 0.44% in April.

New Listings 468

New Listings Sellers Buyers Mortgage 468

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. But with RateReduce Sell, sellers will be able secure a lower rate by buying down points permanently.

Sellers 459

Sellers Real Estate Agent Loan Officers Mortgage 459

Housing Wire

JUNE 24, 2024

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. That is 13% more sellers than last year at this time, but it’s not expanding any more this summer. The pace of sellers has plateaued for the year. housing market is seeing that now.

Inventory 458

Inventory Sellers New Listings Property Taxes 458

Housing Wire

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

Agents 476

Agents Buyers Real Estate Agent Sellers 476

Housing Wire

SEPTEMBER 5, 2024

mortgage market in 2023, up from 14.3% Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

NOVEMBER 30, 2023

After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement. “At million, up 12% from 2023’s 4.1 million in 2023. million in 2023.

Buyers 493

Buyers Housing Market Sellers Inventory 493

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

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

JANUARY 2, 2024

Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. Each week sellers are easing back into the market a little more than last year.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

Housing Wire

APRIL 10, 2024

Perhaps the most striking detail gleaned from a HousingWire analysis of millions of single-family purchase mortgages is how much more homebuyers had to pay in 2023 compared to 2022. The rapid run-up in mortgage rates after years of low rates was a shock to buyers and a disincentive for prospective sellers to list their homes.

Buyers 468

Buyers Mortgage Brokerage Inventory 468

Housing Wire

JUNE 24, 2024

Mortgage rates continue to hover around 7%, as they have since the latter half of 2023 when the Federal Reserve stopped raising benchmark rates. Among the 463 buyer agents surveyed, 50% said their clients planned to buy regardless of mortgage rates. of buyer agents as the reasons their clients were moving, while another 12.1%

Buyers 418

Buyers Mortgage Clients Agents 418

Appraisal Buzz

NOVEMBER 22, 2024

The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. Those trends include buyers’ pursuit of “forever dream homes” which, according to agents, offer adaptability to grow and change alongside homeowners’ evolving lifestyles.

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Appraisal Buzz

JULY 9, 2024

The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors. While the quantity of homes on the market still trails pre-pandemic levels, home buyers are seeing more options to choose from as inventory increases,” said Danielle Hale, Chief Economist for Realtor.com. and 48.7%, respectively.

Housing Market 418

Housing Market Buyers Marketing Inventory 418

Housing Wire

FEBRUARY 27, 2024

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. You are being accused of not being transparent. “If

Buyers 448

Buyers Agents Real Estate Agent Clients 448

Housing Wire

SEPTEMBER 18, 2023

According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits. “Settlement is always an option for any party in litigation.

Buyers 505

Buyers Realtors Real Estate Agents 505

Housing Wire

DECEMBER 30, 2024

However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. There are a few markets in the South where home prices have inched down recently and every bit helps buyers but those prices have not adjusted much, and theres no sign of any major correction in the works.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

JULY 22, 2024

will be significant enough move in rates to move the needle for buyers. This is the same gap as we’ve been at for a while — just around 40% inventory growth over 2023. So that’s a total of 84,000 total new sellers for single-family homes this week. That’s only 3% more sellers total this week than last year at this time.

Buyers 488

Buyers Inventory New Listings Sellers 488

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I nationwide in 2023, with Farmers Insurance Group of Cos. and Liberty Mutual Holding Co.

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

OCTOBER 25, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S.

Buyers 448

Buyers Real Estate Realtors Agents 448

Housing Wire

AUGUST 26, 2024

This was in stark contrast to three other market segments that posted declines in the number of pending sales compared to July 2023. fewer pending sales compared to July 2023. We are seeing a lot of younger buyers looking at smaller starter homes. According to Redfin, pending sales of starter homes grew 10.2%

Buyers 448

Buyers Inventory Marketing Contracts 448

Housing Wire

APRIL 3, 2024

Millennials replaced baby boomers as the largest group of homebuyers in 2023. The generational tug-of-war between millennials and baby boomers continued this year, with millennials rebounding to capture the largest share of home buyers,” Jessica Lautz, NAR deputy chief economist and vice president of research, said in a statement.

Marketing 526

Marketing Buyers Sellers Realtors 526

Appraisal Buzz

OCTOBER 29, 2024

Sellers approved by Freddie Mac who use Loan Product Advisor will be able to take advantage of the new ACE and ACE+ PDR appraisal waiver expansions. A future Single-Family Seller/Servicer Guide Bulletin will include more details and the date of implementation. up to 97% for Home Possible loans).

Buyers 395

Buyers Appraisal Loan Officers Sellers 395

Appraisal Buzz

JUNE 20, 2024

Buyers are also avoiding earlier stages of the house-hunting process. Buyers are retreating primarily due to high home costs. Another explanation for the drop in pending sales is a scarcity of new, desirable listings for buyers to select from. During the four weeks ended June 16, pending home sales declined 3.8%

Buyers 397

Buyers New Listings Sellers Mortgage 397

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023.

Business 459

Business Mortgage Loan Officers Inventory 459

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Housing Wire

OCTOBER 17, 2024

in 2023 to 2.3% While potential homebuyers have noticed the decline in mortgage rates over the last few months, they are equally aware that there has been little relief on the home price side , the other primary driver of unaffordability, particularly for first-time buyers,” Mark Palim, Fannie Mae’s chief economist, said in a statement.

Sellers 511

Sellers Mortgage Buyers Business 511

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.

Inventory 516

Inventory Sellers New Listings Real Estate 516

Sacramento Appraisal Blog

JANUARY 14, 2025

It’s great news that 2024 performed better than the 2023 housing market. Seeing more buyers and sellers able to participate is absolutely what we want to see. Let’ get into it. Skim quickly by topic or digest slowly.

Housing Market 292

Housing Market Marketing Sellers Appraisal 292

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. It is no secret that many first-time homebuyers are struggling.

Marketing 448

Marketing Real Estate Sellers Buyers 448

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. 25 statewide in 2023 transaction volume. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market.

Housing Market 479

Housing Market Marketing Sellers Buyers 479

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 the first half of 2023, the year-over-year increase in the share of listings with price cuts rose as high as 80.7%.

Mortgage 468

Mortgage Sellers New Listings Buyers 468

Housing Wire

JUNE 14, 2024

The second occurred in October 2023 when mortgage rates peaked at their highest point since 2000. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% in May 2023 and close to the record high of 21.7% year over year. That was up from 13.2%

Sellers 488

Sellers Buyers Contracts Brokerage 488

Housing Wire

MARCH 13, 2024

The DOJ’s statement was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS PIN in July 2023. Since the initial filing, the plaintiffs and MLS PIN have filed two amended agreements in order to appease the DOJ, which first became involved in the suit in early October 2023.

Contracts 468

Contracts Legal Sellers Buyers 468

Appraisal Buzz

NOVEMBER 13, 2024

“Technology has enabled homeowners to live more sustainably and more affordably, which is a growing priority for prospective buyers,” said Amanda Pendleton, a Home Trends Expert at Zillow. While “vintage” mentions are up 9%, nostalgia is a developing trend, showing up in 14% more listings than in 2023.

Buyers 418

Buyers Design Real Estate Agent Real Estate 418

Housing Wire

SEPTEMBER 9, 2024

While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. Each closed over 50 transaction sides in 2023. As of Sept.

Real Estate 472

Real Estate Agents Marketing Real Estate Agent 472

Appraisal Buzz

DECEMBER 30, 2024

in Novemberthe fourth consecutive month of such increases and the highest level since February 2023. Buyers are no longer waiting for or expecting mortgage rates to fall substantially. Furthermore, buyers are in a better position to negotiate as the market shifts away from a sellers market. from November 2023.

Contracts 435

Contracts Inventory Buyers Sellers 435