Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. Median days to pending, the typical time from initial list date to pending status for homes that went under contract during a month, is at 13 days in May, which is unchanged from April. through May 2025.

Sellers 397

Sellers Buyers New Listings Home Value 397

Housing Wire

DECEMBER 30, 2024

More inventory should be a sign of the market’s return to normalcy, according to Mohtashami, as the market enters 2025 with 27% more inventory compared to early 2024. The homes that went under contract took 43 days to do so the slowest pace since 2019. ” According to the report, 54.5%

Inventory 488

Inventory Sellers Housing Market Contracts 488

Housing Wire

JANUARY 6, 2025

In those times, we just had far more buyers than sellers. Thats not true now, so we should expect inventory to begin building for the year in February 2025. The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, seven years ago. million in 2025.

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 396

Mortgage Inventory New Listings Contracts 396

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. Weekly pending sales The latest weekly pending contract data from Altos Research offers critical insights into real-time trends in housing demand. Has the spring home-buying season already begun?

New Listings 508

New Listings Inventory Contracts Mortgage 508

Housing Wire

NOVEMBER 25, 2024

We measured a small acceleration of price cuts, which may have happened when buyers and sellers got disappointed by the cost of money after the election. The 2025 lines will trend higher, even closer to the old normal levels. more sellers than a year ago. more sellers than a year ago.

New Listings 397

New Listings Inventory Sellers Contracts 397

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. NARs Pending Home Sales Index (PHSI)a forward-looking indicator of home sales based on contract signingsadvanced 2.2% A PHSI reading of 100 is equal to the level of contract activity in 2001. regions, with the West leading the pack. in November. from November 2023.

Contracts 435

Contracts Inventory Buyers Sellers 435

Housing Wire

OCTOBER 28, 2024

With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum. The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. When you include the 9,400 immediate sales, the total is 13% more sellers than a year ago. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away. Sellers could dip again next week.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

MARCH 25, 2024

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. More sellers means more sales will happen. We can measure home sales in real time by tracking all the homes that moved to contract pending status this week.

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

NOVEMBER 11, 2024

I’m now looking forward to 2025 when the data comes in each week. 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. There were fewer new sellers this week than last year for the first time in a while.

Housing Market 397

Housing Market Marketing Inventory New Listings 397

Housing Wire

JULY 23, 2024

trillion in origination volume in 2025, up from a projected $1.70 The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. in 2024 and to 6.4%

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Appraisal Buzz

DECEMBER 19, 2024

But this year, buyers jumped on mortgage rates that dipped in early October, bringing more contracts which closed in November.Assuming December sales are generally good, 2024 U.S. Homes with November closings generally went under contract in September and October, when shoppers benefited from an uptick in newly-listed for-sale homes.

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

OCTOBER 1, 2024

While it’s unclear exactly how home buyers and sellers are reacting to the situation, a startup tech company called Rayse is “pushing back on the settlement” with a new communication platform that allows prospective buyers to track what their agents are doing in real time. But Rayse also plans integration for seller agents sometime in 2025.

Agents 448

Agents Real Estate Agent Real Estate Brokerage 448

Housing Wire

MARCH 18, 2024

New listings volume continues to run ahead of last year and we see more sellers than last year. Last year was probably a record low for mid-March as we had very few sellers. For the rest of 2024 we should expect to have more sellers than a year ago, which is a very good thing. That’s 15% more than the same week a year ago.

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

SEPTEMBER 3, 2024

This week saw 6% fewer sellers than even last year which was already super low. Next year, a healthier housing market will see that number climb over 70,000 per week to maybe 80,000 sellers per week. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes. fewer than a week ago.

Inventory 458

Inventory New Listings Contracts Buyers 458

Housing Wire

DECEMBER 27, 2024

Expanded rules for appraisal waivers take effect on purchase transactions starting the first quarter of 2025. Fannie Mae appraisal waivers are now known as Value Acceptance , and the 2025 changes apply to both primary residence and second home purchase transactions.

Training 397

Training Appraisal Valuation Inspection 397

Housing Wire

AUGUST 19, 2024

Slower growth of unsold homes on the market is a result of too few sellers on the supply side and stability on the demand side. There’s nothing in the data that says 2024 is going to accelerate, so the most optimistic scenario we’re watching for is stability and maybe poised for a sales recovery in 2025. Texas inventory grew by 1.5%

Inventory 444

Inventory New Listings Sellers Buyers 444

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. Last week saw 2% week-to-week growth but was down 1% year over year.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Inman

NOVEMBER 19, 2024

Cara Ameer and Nicole Solari share the 25 terms that are crucial for new agents to explain to buyers and sellers without the benefit of crib notes.

Contracts 158

Contracts Agents Sellers Buyers 158

Appraisal Buzz

JULY 12, 2024

Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin. The current small decline in rates may encourage more potential sellers to come off the sidelines. It is unlikely that prices would decrease significantly very soon.

Contracts 370

Contracts Inventory Buyers Sellers 370

Appraisal Buzz

SEPTEMBER 5, 2024

Many of those sellers will list if rates get back down to 5%.” Additionally, contract volume in August 2024 across all price tiers increased compared to August 2023, suggesting a steadier housing market and evidence of demand from potential homebuyers, further demonstrating a seller’s market. elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default).elementor-drop-c

Construction 459

Construction Inventory Housing Market Contracts 459

Housing Wire

JULY 17, 2023

Sellers have not materialized, and buyers have been buying everything that becomes available. The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. We could see inventory from distressed sellers emerge in 2025. I grew pretty bearish again.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Housing Wire

NOVEMBER 1, 2023

We could be down to 60,000 to 70,000 originators by 2025.” And so virtually every deal being put on the table now is an asset-only, earn-out offer, with no money upfront, so they [the seller] get paid assuming the buyer makes a profit. “So, So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

NOVEMBER 26, 2024

If an uptick in housing inventory and more favorable interest rates materialize in 2025, you’ll still need to find creative ways to generate buzz for your listings and expand your client network. The median dollar value spent using a staging service was $600, compared to $400 when the sellers’ agent personally staged the home.

Open Houses 448

Open Houses Real Estate Tools Agents 448

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” So, what people are now talking about is mid-2024 or maybe 2025 will be a killer [renewed boom].”

Mortgage 370

Mortgage Marketing Lending Buyers 370

Appraisal Buzz

OCTOBER 11, 2024

My advice to sellers is to price your home fairly; if you don’t, it could end up sitting on the market.” The Federal Reserve is expected to cut interest rates for the first time in four years today—either by 25 or 50 basis points—and continue through 2025. They’re looking for the perfect home at the right price,” he said.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Listing Spark

JANUARY 5, 2025

Selling a house as-is in Texas means the buyer agrees to buy the home in its current condition, and the seller opts to sell as is without making any repairs. Which is why many sellers try to sell their home as-is and avoid the hassle of repairs and improvements. The idea of an as-is sale can appeal to sellers for a lot of reasons.

Inspection 36

Inspection Sellers Real Estate Agent Contracts 36

Lamacchia Realty

DECEMBER 24, 2024

2024: 4,231 2023: 4,864 2022: 4,924 Pending Home Sales: The number of homes placed under contract is up by 9.9% Sellers now is a great time to consider listing, and here are some tips on how to prepare your home for a winter sale! Lets turn your homeownership dreams into reality in 2025! when compared to November 2023.

Real Estate 52

Real Estate Home Value Sellers Buyers 52

Lamacchia Realty

DECEMBER 24, 2024

2024: 1,086 2023: 1,082 2022: 1,173 Pending Home Sales: The number of homes placed under contract is up by 28.3% While home sales are down, the increase in inventory and demand means there are still great opportunities for both buyers and sellers. Lets turn your homeownership dreams into reality in 2025! by month’s end.

Real Estate 47

Real Estate Sellers Home Value Buyers 47

Lamacchia Realty

DECEMBER 24, 2024

2024: 1,335 2023: 1,436 2022: 1,258 Pending Home Sales: The number of homes placed under contract is down by 14.6% Although pending sales have slowed, the decrease in inventory means theres less competition for sellers. Lets turn your homeownership dreams into reality in 2025! when compared to November 2023.

Real Estate 47

Real Estate Sellers Home Value Inventory 47

Lamacchia Realty

DECEMBER 24, 2024

2024: 1,174 2023: 1,294 2022: 1,231 Pending Home Sales: The number of homes placed under contract is up by 6.4% Sellers now could be the perfect time to list your home. Lets turn your homeownership dreams into reality in 2025! In 2025, the FHFA is increasing the conforming loan limit to $806,500up $40,000 from 2024.

Real Estate 48

Real Estate Home Value Sellers Buyers 48

Lamacchia Realty

DECEMBER 24, 2024

2024: 9,931 2023: 9,425 2022: 8,371 Pending Home Sales in South Florida: The number of homes placed under contract is down by 4.1% In 2025, the FHFA is increasing the conforming loan limit to $806,500up $40,000 from 2024. when compared to November 2023. when compared to November 2023. by month’s end. Great news for homebuyers !

Real Estate 50

Real Estate Home Value Buyers Sellers 50

Lamacchia Realty

DECEMBER 24, 2024

2024: 2,536 2023: 2,756 2022: 2,616 Pending Home Sales: The number of homes placed under contract is up by 7.5% Sellers , this could be a prime time to list your home. Lets turn your homeownership dreams into reality in 2025! In 2025, the FHFA is increasing the conforming loan limit to $806,500up $40,000 from 2024.

Real Estate 44

Real Estate Home Value Sellers Buyers 44

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. Training for this new process for appraisers should begin occurring in 2025, Quarters 2.5-3.5. won’t begin with limited lenders until 2025 Q3, so training early in the year may not be productive.

Property Appraisal 72

Property Appraisal Appraisal Training Contracts 72

Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. Slow market with 100% seller financing. Current listings and especially homes in contract show current market conditions. 10 miles east of San Francisco. The Best Time!! =

Appraisal 85

Appraisal Contracts Mortgage Inspection 85