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

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 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

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

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

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

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

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 312

Inventory Realtors Buyers Contracts 312

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 457

Inventory New Listings Contracts Buyers 457

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 435

Inventory New Listings Sellers Buyers 435

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 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

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

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

Lamacchia Realty

JULY 29, 2024

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Maine along with the number of homes listed for sale and placed under contract. Although Lamacchia has been assisting buyers and sellers in Maine for years , this is our first mid-year report for Maine.

Sellers 64

Sellers Real Estate Buyers Contracts 64

Lamacchia Realty

JULY 29, 2024

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. Pending Home Sales (contracts accepted) The number of homes placed under contract increased by 0.8%

Sellers 69

Sellers Buyers Real Estate Contracts 69

Lamacchia Realty

JULY 29, 2024

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Rhode Island along with the number of homes listed for sale and placed under contract. Although Lamacchia has been assisting buyers and sellers in Rhode Island for years , this is our first mid-year report for Rhode Island.

Sellers 61

Sellers Real Estate Buyers Contracts 61

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 86

Appraisal Contracts Mortgage Inspection 86

Lamacchia Realty

JULY 29, 2024

Many sellers are hesitating to put their homes on the market, therefore, the number of new listings is down year over year. Pending Home Sales (contracts accepted) The number of homes placed under contract declined slightly by 0.9% Many sellers are reluctant to list due to lower interest rates available during the pandemic.

Inventory 65

Inventory Sellers Buyers Real Estate 65

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 69

Property Appraisal Appraisal Training Contracts 69

Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. However, we are missing the typical boost of sellers. since February and 9.8%

Marketing 62

Marketing Inventory Buyers Sellers 62

Lamacchia Realty

JULY 29, 2024

2024 New Hampshire mid-year housing report For this New Hampshire Mid-Year Report, we are focusing on three property types: single-family homes, condominiums, and multi-family homes along with the number of homes listed for sale and placed under contract. At mid-year, sellers face varied market conditions.

Sellers 54

Sellers Buyers Contracts Real Estate 54

San Jose Real Estate

SEPTEMBER 19, 2024

has had to pivot on a number of practices regarding how buyer agents are compensated, how home buyers and the public work with real estate professionals, how home sellers compensate real estate licensees, and much, much more. Sellers are no longer obligated by the MLS to offer or pay a buyer agent fee. Much of the industry in the U.S.

Real Estate 36

Real Estate Contracts Sellers Open Houses 36

Will Springer Realtor

OCTOBER 15, 2024

Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. Further down the funnel are more engaged consumers applying for mortgages, followed by buyers and sellers reaching mutual agreement on a deal, and then happy homeowners moving in at the end of the funnel. The broad U.S.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Will Springer Realtor

FEBRUARY 13, 2024

We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking. in Q1 2025 (6.3%) 5.6% in Q2 2025 (6.2%) 5.6%

New Listings 56

New Listings Buyers Inventory Lending 56

Lamacchia Realty

JULY 29, 2024

That said, for most residential real estate in the region, sellers are well advised to list their homes competitively due to unprecedented affordability challenges for buyers. Mortgage rates continue to fluctuate, significantly influencing buyer and seller decisions. over this timeframe in 2023.

Sellers 60

Sellers Buyers Insurance Inventory 60

Movoto

NOVEMBER 26, 2024

This episode of The MovotoMic Podcast dives into the latest housing market headlines, unpacking 2025 real estate forecasts, affordability challenges, and shifting trends driven by climate risks. Well, that is getting into a traditional buyer’s market and so like the realities of supply and demand ring true even in 2025.

Real Estate 36

Real Estate Marketing Inventory Insurance 36

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Tomorrow, I’m supposed to become a data scientist and try to decipher the value of a property I’ve never seen, bought and sold by buyers and sellers I’ve never met. Appraising will be different in 2025. At least I would have some independent photos.

Appraisal 88

Appraisal Training Inspection Real Estate 88

Appraisal Today

JUNE 28, 2024

million in 2025 (previously 5.29 trillion in 2025 (previously $2.08 million in 2025 (previously 5.29 trillion in 2025 (previously $2.08 The central question arising for appraisers is: At what point, if any, does an appraiser need to adjust for seller-paid commissions? million (previously 4.89 million), and 5.27

Valuation 59

Valuation Appraisal Real Estate Real Estate Agent 59

Will Springer Realtor

AUGUST 13, 2024

For now, potential home buyers and sellers are mostly in a wait-and-see mode. The county has more homes for sale (4440) than any month since September 2022 (4616), presenting great options amid less competition for determined buyers today and improved leverage in negotiations with sellers. The slump started last year with 4.1M

Buyers 53

Buyers Investors Sellers Inventory 53

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. Many economists believe a recession isn’t likely in the last months of this year but they aren’t ruling out a downturn in 2024 and 2025.

Finance 68

Finance Inventory Construction Buyers 68