Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. 10, 2024, and is valid until rescinded. . 10, 2024, and is valid until rescinded. ” The circular is effective Aug.

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Buyers Real Estate Real Estate Agent Brokerage 521

Housing Wire

SEPTEMBER 27, 2024

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. Additionally, the majority of respondents (65%) said it was “very easy” or “somewhat easy” to get a buyer representation agreement signed, while only 16% rate it as “difficult.”

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Sellers Agents Buyers Brokerage 499

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he

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Housing Market Marketing Real Estate Agent Real Estate 517

Appraisal Buzz

JUNE 27, 2024

“A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.” Economic Forecast NAR projects that even with the Federal Reserve’s reduction in the Fed Funds rate, mortgage rates will still be higher than 6% in 2024 and 2025. million in 2024 and from 2024 to 4.92

Contracts 419

Contracts Inventory Buyers Mortgage 419

Appraisal Buzz

DECEMBER 9, 2024

Despite high property prices and mortgage rates, there are a few reasons why homebuyers are emerging from the sidelines and easing their way into the market. The market is strong, with a lot of pent-up demand after a slow summer and early fall, said Mimi Trieu, a Redfin Premier agent in the Bay Area.

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Buyers Marketing New Listings Agents 370

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. Weekly housing inventory data One substantial positive story for 2024 is that we have more housing inventory year over year. But at least it’s positive!

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Inventory Mortgage New Listings Housing Market 489

Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. 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! Will Interest Rates Go Down in 2025?

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Housing Market Marketing Inventory Real Estate 347

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. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. Each week sellers are easing back into the market a little more than last year.

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Housing Market Marketing Inventory Contracts 527

Housing Wire

SEPTEMBER 22, 2024

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. Yes, here’s how and why.

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Mortgage Inventory New Listings Contracts 482

Housing Wire

OCTOBER 15, 2024

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.

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Construction Buyers Agents Marketing 402

Appraisal Buzz

OCTOBER 7, 2024

With some of the highest growth in active listings since before the pandemic, Florida dominates Realtor.com’s latest list of “ 10 easiest housing markets for homebuyers.” Many of these markets saw prices and competition climb significantly during the early days of the [COVID-19] pandemic,” Jones said.

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Inventory Housing Market Buyers Construction 418

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. year over year in Q3 2024, representing a small change after four years of fluctuations. billion worth of properties in Q3 2024, up 3.4% As the U.S.

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Investors Real Estate HOA Housing Market 393

Appraisal Buzz

DECEMBER 18, 2024

Manchester, NH, Zillow s most favored city for 2024, was a hit with an influx of homebuyers this year. For the second consecutive year, Zillows ranking of the most popular markets was dominated by Northeastern cities. While only one West Coast market, which led the way in 2021, made it into the top 10, the Midwest also performed well.

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Architecture Home Value New Listings Contracts 370

Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% In 2022, the housing market was a little hotter than this year due to lower mortgage rates, pushing home prices up. These loans would normally end at the jumbo market , which is dominated by banks.

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Finance Government Law Mortgage 534

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow Chief Economist. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.”

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Housing Market Tenants Marketing Mortgage 397

Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. in the first half of 2024, and the median luxury home price jumped by 14.2%. in the first half of 2024, and the median luxury home price jumped by 14.2%. Thats compared to a 12.9%

Housing Market 319

Housing Market Marketing Buyers Real Estate 319

Appraisal Buzz

OCTOBER 31, 2024

remain unoccupied, according to ATTOM ‘s fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report. from Q3 of 2024. In Q4 of 2024, roughly 7,100 of such pre-foreclosure properties remain unoccupied as zombie foreclosures, or pre-foreclosure properties that the owners have abandoned. from 7,007 in Q3 of 2024.

Housing Market 369

Housing Market Marketing Investors Construction 369

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Buyers Agents Mortgage Real Estate Agent 509

Appraisal Buzz

SEPTEMBER 11, 2024

CoreLogic has released its CoreLogic Home Price Index (HPI) and HPI Forecast for July 2024. On a month-over-month basis, home prices decreased by 0.01% in July 2024 compared with June 2024. Much of this sluggishness can be attributed to high mortgage interest rates that are continuing to challenge the housing market.

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Marketing Housing Market Buyers Mortgage 447

Housing Wire

OCTOBER 24, 2024

The company’s Auction Market Dispatch for third-quarter 2024 included a survey conducted in late September of more than 140 active buyers on the platform. While 45% said current market conditions were not impacting their desire to purchase distressed property, 34% said conditions were detrimental to their decisions.

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Housing Market Marketing Retail Development 448

Housing Wire

APRIL 27, 2024

Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. However, I believe bond traders were expecting something hotter than the month-to-month core CPI print of 0.3%, thus the bond market rallied and sent yields lower. 2022: 19.2%

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Inventory Housing Market Marketing New Listings 501

Housing Wire

DECEMBER 30, 2024

Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. “Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years.

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Inventory Buyers Housing Market Mortgage 320

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. However, the new listings data has slightly disappointed me.

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New Listings Inventory Mortgage Sellers 457

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Marketing 499

Marketing Sellers Buyers Realtors 499

Housing Wire

DECEMBER 20, 2024

Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Price growth is slowing down so there’s less flippers in the market. But even investors have purchased fewer homes this year.

Investors 360

Investors Housing Market Marketing Real Estate 360

Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. More inventory should shake loose in 2025, giving buyers a bit more room to breathe. million in 2023 and a projected 4 million in 2024.

Housing Market 365

Housing Market Marketing Buyers Construction 365

Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. This years list highlights markets characterized by moderately affordable homes, strong inventorymainly boosted by new constructionand a sizable base of younger families, many with military and international connections.

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Housing Market Marketing Inventory Government 416

Housing Wire

SEPTEMBER 30, 2024

Buyers in August 2024 needed to earn $77,000 per year to afford a median-priced starter home of $250,000. Starter homes are defined as those priced in the fifth to 35th percentiles of their respective markets, and homes are deemed affordable if the mortgage payment consumes no more than 30% of the household income.

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Buyers Real Estate Mortgage Brokerage 417

Appraisal Buzz

OCTOBER 3, 2024

The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6% fall in August 2024. 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. “Now

Marketing 419

Marketing New Listings Sellers Advertising 419

Housing Wire

AUGUST 16, 2024

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. It then plunged nearly 50% in 2023 due to declining rents and home values in some markets.

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Investors Tenants Real Estate Property Taxes 401

Appraisal Buzz

AUGUST 14, 2024

homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. Housing inventory on the rise Inventory shortages, a significant hurdle for the housing market in recent years, appear to be easing. Mortgage relief is on the horizon for U.S. The forecast anticipates a 14.5%

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Housing Market Marketing Mortgage Inventory 396

Housing Wire

SEPTEMBER 12, 2024

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. That figure does not includes taxes or insurance , and it assumes that a buyer made a down payment of 20% with a mortgage rate of 6.5%. 29 to Oct.

Housing Market 456

Housing Market Marketing Inventory Buyers 456

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 409

Agents Buyers Real Estate Agent Sellers 409

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. year-over-year to a record $439,716.

Sellers 436

Sellers Buyers New Listings Mortgage 436

Housing Wire

JULY 22, 2024

Fewer sales, mean a shrinking housing market as consumers wait it out. real estate market as we’re now in the second half of 2024. this week to 668,000 single-family homes unsold on the market. There are another 179,000 condos unsold on the market. There are 39% more homes on the market now than a year ago.

Buyers 414

Buyers Inventory New Listings Sellers 414

Appraisal Buzz

NOVEMBER 13, 2024

The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. times more than boomers (31%).

Real Estate 419

Real Estate Sellers Buyers Renovations 419

Appraisal Buzz

OCTOBER 23, 2024

According to proprietary data from Auction.com , early indications of waning demand for distressed properties sold at auction that appeared late in the second quarter persisted throughout the third quarter of 2024. The remaining 45% claimed that their inclination to purchase was unaffected by market conditions.

Retail 370

Retail Marketing Inventory Development 370