Appraisal Buzz

OCTOBER 17, 2024

While home-seller profits remain historically high, the national margin has declined almost every quarter from a 64% peak hit in 2022. The leveling of prices during Q3 also led to typical raw profits for sellers staying about the same, near an all-time high of just under $130,000. in Q3 of 2023 to 61.4% in Q3 of 2023 to 74.4%

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Sellers Home Value Investing Housing Market 221

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.

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Inventory Sellers New Listings Property Taxes 418

Housing Wire

JANUARY 30, 2024

Government-sponsored enterprise (GSE) Freddie Mac this week released an industry letter encouraging seller/servicers to take the accelerating pace of cybersecurity threats seriously, and to ensure that processes and tools are maintained to limit exposure to potential security risks. “A These included incidents of social engineering (e.g.,

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Sellers Tools Government Business 446

Housing Wire

JANUARY 2, 2024

For many real estate professionals, 2023 was the year of the commission lawsuit , and the year could not end without one last copycat suit. 2023, Umpa is a resident of Maryland and the lawsuit is in regards to the sale of two homes, one in Maryland and one in Ohio.

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Sellers Brokerage Real Estate Realtors 442

Sacramento Appraisal Blog

AUGUST 2, 2023

Sellers have been sitting, and it’s been a game-changer for the housing market in 2023. UPCOMING (PUBLIC) SPEAKING GIGS: 8/18/23 Details TBD 8/29/23 Elk Grove Regional MLS Meeting 10/23 […] The post Dear sellers, the housing market misses you first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Sellers Housing Market Marketing Valuation 295

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. In some places, individual home sellers have faced stiff competition from homebuilders. Ongoing U.S.

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Sellers Buyers New Listings Mortgage 435

Housing Wire

OCTOBER 22, 2024

Data from Altos Research shows that higher mortgage rates aren’t necessarily keeping sellers from listing their homes. Recently released data from Zillow shows that housing starts were down for a second straight year in 2023, although activity remains above pre-pandemic levels. 18 to 6.15% on Tuesday.

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Sellers Mortgage Marketing Construction 455

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. Last week showed good growth in sales over 2023, and I mentioned that it might be fleeting. It’s just a fraction fewer than the same week in 2023. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. is $429,000.

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Sellers Inventory New Listings Contracts 465

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.

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Sellers Buyers Real Estate Inventory 442

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 451

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 457

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree. With more inventory, sellers have to be less stingy; this is why I am a fan of getting total inventory data back to 2019 levels.

Sellers 514

Sellers Inventory Housing Market New Listings 514

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 356

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. Cincinnati and Miami.

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Retail Sellers Buyers Market Value 489

Appraisal Buzz

SEPTEMBER 5, 2024

Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. more homes listed for sale than there were at the same time in 2023. decrease from the previous year. “In

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Sellers Housing Market Buyers Marketing 397

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. . According to industry watchers, sellers are attracting buyers to their homes through mortgage rate buydowns.

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Sellers Mortgage Loan Officers Buyers 529

Housing Wire

DECEMBER 23, 2023

Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. We never saw the Airbnb crash that dominated some of the housing headlines in 2023. Weekly inventory change : (Dec.15-22)

Housing Market 537

Housing Market Marketing Inventory New Listings 537

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. Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. 9, 2022, and they’ll be ready for what’s coming next.

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Inventory New Listings Housing Market Mortgage 519

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

Housing Wire

JANUARY 2, 2024

Each week sellers are easing back into the market a little more than last year. The defining characteristic of 2023 was how few sellers we had. We had 51 weeks in 2023 withfewer sales in the pipeline than in 2022. That’s fewer than last week of course it’s the holidays, but it’s almost 5% more than where we ended 2022.

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Housing Market Marketing Inventory Contracts 531

Housing Wire

DECEMBER 13, 2023

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. Prospective homebuyers bear the brunt of the lack of affordability while home sellers continue to cling to their historically low rate, pandemic-era mortgages.

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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.

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Real Estate Agent Real Estate Agents Sellers 423

Appraisal Buzz

MARCH 25, 2024

As most would expect, last year was a disappointing year for home flipping, as affirmed by ATTOM’s 2023 U.S. were flipped in 2023 – down 29.3% The average gross profit for a typical home flip in 2023 fell to $66,000, down from $70,100 in 2022, ATTOM says. In 2023, the landscape for home flipping across the U.S.

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Renovations Investors Inventory Sellers 334

Housing Wire

MAY 4, 2023

What can we expect in 2023? At the same time, there are some key trends I think will characterize the housing market in 2023. Home shoppers who are waiting to score a deal are going to be disappointed in 2023. Home shoppers who are waiting to score a deal are going to be disappointed in 2023. Selective sellers.

Housing Market 446

Housing Market Marketing Inventory Buyers 446

Housing Wire

MARCH 11, 2024

Remote online notarization (RON) platform NotaryCam expanded its independent notary platform customer base by 46% in 2023, according to an announcement on Monday. In addition to expanding its notary platform customer base, NotaryCam also grew the number of loss-mitigation-related RON transactions it was part of in 2023 by 115%. “We

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Law Real Estate Investors Sellers 434

Housing Wire

AUGUST 17, 2022

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. Institutions with less than $1 billion in originations during a 12 month period would be exempt — a new carveout the agencies said is for “small sellers.”.

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Sellers Government Lending Finance 390

Housing Wire

FEBRUARY 2, 2024

In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. million net income in 2023, down from $475.5 billion in unpaid principal balance (UPB) in 2023, down 9% year over year. million in Q4 2023, compared to a pretax income of $101.2

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Technology Legal Mortgage Contracts 417

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising.

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Lending Inventory Mortgage Finance 482

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. First-time buyers dropped to the lowest share NAR has recorded in the Profile of Home Buyers and Sellers — just 26% of the market, compared to 34% the year before. One projection for 2023 is an easier buying market for first-time buyers.

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Buyers Realtors Inventory Sellers 497

Housing Wire

OCTOBER 17, 2024

in 2023 to 2.3% These are conclusions drawn by economists at Fannie Mae ‘s Economic and Strategic Research (ESR) Group. They’re now projecting gross domestic product (GDP) growth to fall from 3.2% in 2024 and 2% in 2025. In June , the ESR Group projected GDP growth of 1.6% in 2024 and 1.9%

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Sellers Mortgage Buyers Business 511

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

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.

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Business Mortgage Loan Officers Inventory 458

Housing Wire

OCTOBER 7, 2020

With the market heading into fall, sellers, on the other hand, proved more resilient as the percentage of respondents who said it was a good time to sell a home gained 8% to 56% in September. 1, mortgage rates hit their tenth consecutive week below 3% and the Federal Reserve expects low rates to remain through 2023. Presented by: NAMB.

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Sellers Real Estate Agent Buyers Design 538

Housing Wire

JANUARY 5, 2023

So where does all that drama leave us for 2023? My 2023 price forecast: As long as rates stay above 5.875% , my affordability index will see the pressure on home prices continue. For 2023, assuming rates stay above 5.875%, we should see a 5.9%-7.4% million in 2023. Buckle up as we look at each factor individually.

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Housing Market Marketing Inventory New Listings 543

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. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. most likely by mid-year.

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Housing Market Marketing Inventory Sellers 459

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. Mortgage Rates In January, rates were hovering in the 6% range.

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Housing Market Marketing Inventory New Listings 368

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023. While not exclusive, zBuyer shares leads with a maximum of six agents per area.

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Real Estate Real Estate Agent Tools Agents 432