Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% decrease from the previous year. “In from July’s levels.

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. While a robust housing market is generally a positive thing, this is not all good news to every person. There are millions of would-be homebuyers who are simply priced out of the market.

Housing Market 530

Housing Market Marketing Inventory Contracts 530

Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. 09, Adjustments to Comparable Sales ). 09, Adjustments to Comparable Sales ).

Sellers 418

Sellers Real Estate Appraisal Finance 418

Housing Wire

APRIL 26, 2024

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. in the fourth quarter of 2023, according to Attom ’s 2024 U.S. Investment returns for sellers fell for the second straight quarter. Home Sales Report. on a quarterly basis to $330,000.

Sellers 435

Sellers Housing Market Investing Marketing 435

Housing Wire

MAY 4, 2023

A paradoxical picture is emerging as the spring market is underway. On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. All major housing market metrics point to a restrained housing market. What can we expect in 2023?

Housing Market 431

Housing Market Marketing Inventory Buyers 431

Housing Wire

NOVEMBER 11, 2024

We’ll release the HousingWire 2025 Forecast paper in the next week or so where we’ll lay out our expectations, scenarios, and data to track for the real estate market in the coming year. This has been true all year long, starting in the fourth quarter of 2023. We’re also at the seasonal decline time for the housing market.

Housing Market 363

Housing Market Marketing Inventory New Listings 363

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023? Home price s.

Housing Market 536

Housing Market Marketing Inventory New Listings 536

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. housing market is seeing that now. I think it’s worth examining if sellers will indeed just wait it out now. There are 634,000 single-family homes unsold on the market now. The pace of sellers has plateaued for the year. Inventory increases by 2.2%

Inventory 380

Inventory Sellers New Listings Property Taxes 380

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. of the homes on the market.

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Housing Market New Listings Marketing Inventory 412

Sacramento Appraisal Blog

MARCH 28, 2023

Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.

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Sellers Housing Market Marketing Real Estate 243

Appraisal Buzz

OCTOBER 17, 2024

The nationwide investment return ticked downward as home-price spikes that had buoyed the housing market during the spring of this year flattened out, leaving the U.S. While home-seller profits remain historically high, the national margin has declined almost every quarter from a 64% peak hit in 2022. in Q3 of 2023 to 61.4%

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Sellers Home Value Investing Housing Market 221

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. economy has remained resilient, backed by a very strong labor market, sky-high job openings and low unemployment. The overall U.S.

Housing Market 452

Housing Market Marketing Inventory Sellers 452

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. The average home for sale in May lasted 32 days on the market. Ongoing U.S. year-over-year.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

FEBRUARY 3, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. We might only be a few weeks into 2023, but these first weeks have been rich with informative data. was $414,900.

Housing Market 356

Housing Market Marketing Inventory New Listings 356

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. The housing market data has been changing very rapidly this year. Inventory There are now 498,000 single-family homes available unsold on the market around the U.S. The market will continue to build unsold inventory from here for the rest of the season. There are now 30.4%

Sellers 448

Sellers Inventory New Listings Contracts 448

Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market […] The post Sellers sitting out of the housing market & buyers getting concessions first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 279

Housing Market Sellers Buyers Marketing 279

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1.

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Retail Sellers Buyers Market Value 457

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

Sellers 514

Sellers Inventory Housing Market New Listings 514

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.

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Sellers Real Estate Agent Loan Officers Mortgage 444

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.

Sellers 329

Sellers Real Estate Buyers Marketing 329

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. metro areas, homes listed for sale between the start of May and early July 2023 posted the highest sales prices.

Sellers 421

Sellers Buyers Real Estate Inventory 421

Housing Wire

JUNE 18, 2024

Last month’s reading marked the smallest monthly increase on a seasonally adjusted basis since January 2023. Looking ahead, Redfin expects new listings to continue to rise as the mortgage rate-lock effect on home sellers wears off, which could occur if mortgage rates continue to fall. “We

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New Listings Sellers Buyers Mortgage 419

Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. 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.

Real Estate 376

Real Estate Agents Marketing Real Estate Agent 376

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . ” Gano’s experiences reflect what happened in the market overall.

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Sellers Mortgage Loan Officers Buyers 529

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Inventory New Listings Housing Market Mortgage 508

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 387

Housing Market Marketing Sellers Buyers 387

Housing Wire

JULY 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. That implies a continued slow down for home sales in the second half of the year — fewer buyers and fewer sellers, too. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024.

Housing Market 374

Housing Market Marketing Inventory New Listings 374

Housing Wire

APRIL 3, 2024

Millennials replaced baby boomers as the largest group of homebuyers in 2023. Notably, 32% of all buyers in 2023 were first-timers (up from 26% in the prior year), with millennials comprising 75% of this demographic. Similarly, sellers showed a high likelihood of reusing or referring their agents.

Marketing 518

Marketing Buyers Sellers Realtors 518

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. Sellers, especially those who are locked into a low rate, have been waiting for market conditions to change,” said Danielle Hale, Chief Economist, Realtor.com.

Marketing 418

Marketing New Listings Sellers Advertising 418

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%. Mortgage rates rose from 2.65% in 2021 to 7.79% in fall 2023, impacting home shoppers’ buying power. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.

Housing Market 456

Housing Market Marketing Insurance Mortgage 456

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. The market is not great, so we aren’t often dealing with multiple-offer situations. I think ultimately, though, sellers should be looking at their net (profit).

Marketing 416

Marketing Real Estate Sellers Buyers 416

Housing Wire

DECEMBER 13, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% It was the fourth pause recorded in 2023. In 2023, the Fed hiked the benchmark federal funds rate by a quarter-point at four meetings, most recently in July. million in Q2 2023. million in Q2 2022 to 1.2

Mortgage 526

Mortgage Investors Sellers Marketing 526

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. 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. Meanwhile, in September, one-third of U.S.

Real Estate Agent 395

Real Estate Agent Real Estate Agents Sellers 395

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. At the height of the spring market, the typical home had 5.5

Buyers 493

Buyers Realtors Inventory Sellers 493

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges.

Marketing 340

Marketing Mortgage Loan Officers Real Estate Agent 340

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. in April 2023, according to the National Association of Realtors (NAR). That mild correction has played out, with an emphasis on mild. The national median home price decreased 1.7%

Housing Market 448

Housing Market Marketing Retail Sellers 448