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The gap between buyers and sellers has been growing, but are we about to have an Indiana Jones moment in the housing market? I think many people are wondering that, so let’s talk about it.
Through the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement Zillow is now getting into buyer representation agreements. Under the terms of NAR’s settlement agreement, agents will have to have a written agreement with a client in order to work with them as a buyer broker.
Mortgage rates have gone down, but buyers aren’t that impressed yet. It seems like the real estate community is really excited about lower rates, but buyers aren’t sharing the enthusiasm so much (yet). UPCOMING […] The post Buyers aren’t impressed yet with lower rates first appeared on Sacramento Appraisal Blog.
Cash buyers are really showing up. UPCOMING SPEAKING […] The post Cash buyers are the X factor in 2024 first appeared on Sacramento Appraisal Blog. UPCOMING SPEAKING […] The post Cash buyers are the X factor in 2024 first appeared on Sacramento Appraisal Blog.
There are more cash buyers right now. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale MLS Meeting 9/28/23 Yuba City Big Market Update (in Yuba City (details […] The post More cash buyers in today’s housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. Bottom line. Well, technically.
Seeing more buyers and sellers able to participate is absolutely what we want to see. UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel free Zoom event (REGISTER FOR WEDNESDAY) 1/16/25 Sac Real Producers […] The post The 2024 housing market was better than 2023 first appeared on Sacramento Appraisal Blog. Let’ get into it.
When the National Association of Realtors (NAR) first started its Profile of Home Buyers and Sellers in 1981, it found that single women were the second largest demographic in the U.S. “In 1981, 73% of home buyers were married couples, 11% were single women and 10% were single men. housing market , trailing only married couples.
Some say it’s only the wealthy or institutional investors, and first-time buyer are missing in action. first appeared on Sacramento Appraisal Blog. Who is buying in today’s housing market? What do stats show when we look at forty local neighborhoods? Let’s find out.
This is my last blog post of 2024. Thanks for being […] The post Three things to expect in the housing market in January first appeared on Sacramento Appraisal Blog. Today, I have three quick points, and while these visuals are specific to my area, some of the language use can be used in many different markets.
Buyers are gaining power. And sellers are losing it. I have some new visuals to show what the market is doing right now. These are for Sacramento, but I suspect many areas look similar. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […].
UPCOMING SPEAKING GIGS: 3/20/25 HomeSmart iCare Realty 4/2/25 SAFE Credit Union (RSVP here) 4/10/25 Yuba-Sutter Association […] The post Short sales are BACK (sort of) first appeared on Sacramento Appraisal Blog.
Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…). I hope you enjoy, whether you’re local or not.
It breaks through these limitations, giving agents the ability to create and connect content that matters to today’s buyers. IntelliSearch allows agents to create content on emerging market trends and buyer preferences that traditional MLS fields don’t capture.
Buyers aren’t having to make aggressive offers like they used to (even when there are multiple offers). Let’s talk about this today. I suspect this is true in many areas across the country. I’d love to hear your take. UPCOMING (PUBLIC) SPEAKING GIGS: 8/11/22 Realtist Lunch & Learn (sign up here (open to […].
And some buyers are stuck in the future, […]. Well, I can’t help but think of today’s housing market compared to the film. Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now.
In an article posted on UI’s Urban Wire blog, Janneke Ratcliffe and Laurie Goodman write that, while soaring home prices and historically low inventories of available homes have been good for sellers, many of them are unwilling to accept offers backed by FHA or VA financing.
“Buyers are crazy!!! How can they be paying these prices?” ” That’s what we tend to hear from people who are NOT trying to buy a house right now. It seems like onlookers really don’t understand what it takes to get an offer accepted these days. But for anyone actually in the game, the truth is […].
Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.
In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.
Are buyers finally gaining more power? The truth is the market is still ultra-competitive, but there is a slightly better chance buyers can get into contract these days and maybe not pay as much above the asking price (maybe).
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. Scroll by topic or digest slowly.
The number of sellers who have not listed their homes this year is really starting to add up – not to mention a growing pile of buyers. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale […] The post Pent-up demand & glowing new construction first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
How are appraisers handling concessions to the buyer? first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market.
I know both buyers and agents can get extremely frustrated to have to enter a bidding war. People have always told me that, and I finally […] The post Pricing low on purpose: Bay Area vs Sacramento first appeared on Sacramento Appraisal Blog. Pricing low on purpose can be a triggering issue.
Affording today’s housing market isn’t always so simple, which is why HOA fees aren’t easy to digest for some buyers. What are […] The post HOA fees are standing out in a bad way first appeared on Sacramento Appraisal Blog. Today, I thought it would be cool to graph a few decades of association fees.
The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I'm pulling. Some new memes too. Enjoy if you wish. UPCOMING (PUBLIC) SPEAKING GIGS: 8/11/22 Realtist Lunch & Learn (sign up here (open to anyone)) 8/15/22 YouTube
We’ve seen a massive change with housing inventory. But is it because sellers are rushing to list their homes? That’s not the culprit. Let’s talk about supply and some things on my mind about today’s market.
This means that for homes that aren’t owned by Opendoor, a tour assistant can meet the buyer to let them in to tour the home in-person. Then, once a buyer wants to make an offer, they are connected with an Opendoor agent to represent them. The blog post ended with “More to come!” II in September.
Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers. Do you know of anyone who purchased a home within the past year?
The buyers paid cash. I must admit, in the past year, there have been times when I have felt like many buyers don’t really care about value anymore. While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. MULTIPLE BIDS.
It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. Typically, it’s the one buyer that is willing to pay the most. What about the other bids from buyers who were willing to pay less? But not always. Okay, maybe not.
There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.
In a blog post from January 4 , the National Association of Home Builders said that the 167% rise from last summer’s low lumber prices to over $1,000 per thousand board feet (mbf) added only about $18,600 to the cost of a home. 4 blog about lumber price increases, but it’s close enough for this purpose. That just doesn’t add up.
According to the FHFA blog post, home purchases can be complicated by an appraisal below the buyer’s contract price offer. The buyer “typically must renegotiate the purchase price, put more cash down, or accept costlier loan terms.” To illustrate, the rate was 35% in Hispanic tracts and 30% in Black tracts.
UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento Appraisal Blog. It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. Let’s talk about it.
With just over two weeks to go until the National Association of Realtors’ (NAR) commission lawsuit settlement agreement will require agents to have a signed buyer representation agreement prior to taking a client on a home tour, Zillow has released 24 state-specific versions of the touring agreement it released roughly three months ago.
BLOG VIEW: Homebuyers have been dealing with a difficult market for some time. The post Empowering Buyers to Succeed in Today’s Market appeared first on Appraisal Buzz. However, 2022’s market will only be a fraction of that, according to the latest estimates.
The post Real estate trends to watch in 2023 first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. UPCOMING (PUBLIC) SPEAKING GIGS: 1/12/23 McKissock Webinar (register here) 1/18/23 WCR Market Update in Cameron Park (register here) 1/19/23 Big market update at SAR on Zoom (register here) 1/20/23 […].
Today I have some thoughts about prices, Zestimates, and cash buyers. UPCOMING (PUBLIC) SPEAKING GIGS: 3/24/23 How to Think Like an Appraiser (at SAR) 3/28/23 Downtown Regional MLS meeting 4/1/23 NAA […] The post The housing market is a mixed bag first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
first appeared on Sacramento Appraisal Blog. I’ll explain what I mean below, and I suspect many markets around the country are experiencing a similar trend. Any thoughts? UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright […] The post Are sellers finally starting to thaw out?
Or wait, I mean, it’s only buyers at the very highest prices who have backed off. No, maybe it’s first-time buyers who are getting crushed. first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. There are lots of ideas floating around, so let’s take a look at some stats.
Assume the role of a potential buyer. Here, you get to play the role of a prospective buyer touring the home. If you plan on selling your home soon, it is a good idea to stage the rooms that potential buyers (and appraisers) will want to see. You should also provide an attractive environment for your prospective buyer.
So, first of all, thank you for being here to read articles from my blog! I think if a buyer was told that the home had 2,000 square feet, they would automatically assume that it was above-ground square footage. More blogs to come! You can also listen right here at Cleveland Appraisal Blog! I miss writing and I miss you!
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