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.

Sellers 462

Sellers Marketing Inventory Contracts 462

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A

Buyers 418

Buyers Luxury Properties Marketing Inventory 418

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average.

Housing Market 490

Housing Market Marketing Inventory Sellers 490

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VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. 10, 2024, and is valid until rescinded. . 10, 2024, and is valid until rescinded.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

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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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. Notably, 63% of first-time buyers were surprised by the cost. It was noted that 79% of buyers compromised on at least one priority. Among Gen Z, 49% exceeded their budget—over 1.5

Real Estate 419

Real Estate Sellers Buyers Renovations 419

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. “The vs. June 2019).

Housing Market 419

Housing Market Buyers Marketing Inventory 419

Housing Wire

OCTOBER 21, 2024

The signal that we watch for in the new listings count is whether there are too many sellers. All the bearish scenarios for home prices require more sellers each week. So far, in the post-pandemic years, we haven’t had a lot of sellers. Let’s take a look at the data here in the middle of October 2024. In fact, no.

Sellers 381

Sellers Inventory New Listings Contracts 381

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

Buyers 467

Buyers Contracts Real Estate Agents 467

Appraisal Buzz

NOVEMBER 6, 2024

Prior to the pandemic, the average mortgage payment was 115% higher; it most recently peaked in May 2024. 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

FEBRUARY 26, 2024

Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. We still see more sellers than last year. New pendings We’ve been sharing how the sales rate has been trying to expand for 2024. More sellers with price cuts than a year ago. As demand slows, inventory grows.

Sellers 405

Sellers Inventory New Listings Contracts 405

Housing Wire

OCTOBER 17, 2024

economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. in 2024 and 2% in 2025. in 2024 and 1.9% in 2024 and 1.9% in 2024 and 3.6% They’re now projecting gross domestic product (GDP) growth to fall from 3.2%

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Sellers Mortgage Buyers Business 505

Housing Wire

DECEMBER 13, 2023

Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. Mortgage rates The experts unanimously foresee lower mortgage rates in 2024, although none expect rates to fall below 6%. to 6.05%. . million to 5.07

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Inventory Construction Mortgage Buyers 474

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

Housing Wire

JANUARY 29, 2024

When it comes to home staging, there are two homeowner camps: those who think it’s a waste of money and don’t want to pay more to make their home more attractive to buyers and those who realize the worth and are willing to make the investment needed. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.

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Realtors Buyers Decorating Agents 430

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.

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Buyers Realtors Real Estate Agents 498

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.

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Agents Buyers Real Estate Agent Sellers 409

Housing Wire

DECEMBER 30, 2024

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. The other trend to watch is whether we finally have more sellers entering the market in 2025.

Housing Market 439

Housing Market Marketing New Listings Inventory 439

Appraisal Buzz

OCTOBER 7, 2024

In response, eager sellers have brought prices down, suggesting that buyers are in a good position to negotiate,” Jones said. Buyers flocked to this affordable market, resulting in falling inventory, a snappy market pace, and significant price growth,” Jones said.

Inventory 418

Inventory Housing Market Buyers Construction 418

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%. With the 10-year yield at 3.74% as of Friday, we have some room left to reach the very bottom of the 2024 forecast before the year is out.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

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.

New Listings 457

New Listings Inventory Mortgage Sellers 457

Housing Wire

JULY 22, 2024

real estate market as we’re now in the second half of 2024. will be significant enough move in rates to move the needle for buyers. 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. Let’s look at the details of the U.S.

Buyers 414

Buyers Inventory New Listings Sellers 414

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).

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Buyers Appraisal Loan Officers Sellers 396

Housing Wire

DECEMBER 29, 2023

The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.”

Mortgage 452

Mortgage Loan Officers Inventory Business 452

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. Under the settlement, sellers can still compensate the buyer’s agent.

Finance 356

Finance Buyers Agents Insurance 356

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. The only way inventory would grow in 2024 is if mortgage rates climbed. More sellers generally will allow for more sales in 2024.

Inventory 505

Inventory Sellers New Listings Real Estate 505

Housing Wire

DECEMBER 13, 2023

While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels. These cuts will allow mortgage rates to fall faster throughout 2024. in 2025, indicating four more 25 bps cuts. “The

Inventory 474

Inventory Housing Market Mortgage Law 474

Housing Wire

JANUARY 2, 2024

Whitney referred to this trend as a “python” that could begin coming to fruition in the latter half of 2024, which could then persist “for the next several years,” she explained. “[T]hat, Last October, FHA introduced a proposed seller credit for the H4P program.

Housing Market 517

Housing Market Marketing Real Estate Agent Real Estate 517

Appraisal Buzz

JULY 23, 2024

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Buyers 397

Buyers Contracts HOA Property Taxes 397

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. This is a good strategy for agents who are looking to work with buyers as well as sellers. Who’s it for?

Real Estate 422

Real Estate Open Houses Agents Sellers 422

Housing Wire

MAY 3, 2024

17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. 16, 2024, to implement policy changes and be considered as released parties, although Johnson and NAR recommend that all of the MLSs that choose to opt in should implement them by Aug.

Sellers 441

Sellers Legal Buyers Realtors 441

Housing Wire

SEPTEMBER 18, 2024

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. Everybody’s happy!

Real Estate 386

Real Estate Real Estate Agent Agents Brokerage 386

Housing Wire

OCTOBER 28, 2024

It was based on the premise that buyer brokers were using commission rates posted on the [ multiple listing service ] to steer buyers to properties that provided higher levels of compensation. … The settlement makes sense — but only on paper. The goal of the settlement was laudable,” Monestier writes. “It

Business 411

Business Sellers Realtors Buyers 411

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 She has also started discussing these details with prospective sellers at listing presentations. “No

Real Estate Agent 422

Real Estate Agent Insurance Real Estate Agents 422

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 466

Real Estate Agent Agents Real Estate Buyers 466

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. So, let’s not make that mistake in 2024.

Housing Market 435

Housing Market Marketing Inventory Realtors 435

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic.

Inventory 397

Inventory Sellers Housing Market Contracts 397