Appraisal Buzz

MARCH 5, 2025

From rates bordering the 7% range, to record high home prices, many home buyers are sitting on the sidelines waiting for a seismic change to hit the U.S. New data from LendingTree shows that among those active in the market last year, first-time buyers received a larger share of offers than those who already own. housing market.

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Appraisal Buzz

JANUARY 9, 2025

Even in these high-opportunity areas, tradeoffs likely need to be considered for buyers to get to the closing table. Choosing the best place will come down to whats most important to each buyer and their family, and our list of places, and their qualities, is a good guide. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5

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Appraisal Buzz

OCTOBER 29, 2024

The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers first appeared on The MortgagePoint. The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers appeared first on Appraisal Buzz. To read the full release, including more information, click here.

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Housing Wire

MARCH 21, 2025

Alabama governor Kay Ivey has signed into law a bill that ensures homebuyers only have to sign a buyer brokerage agreement prior to submitting an offer on a property and not before touring a home with an agent. Ivey signed the bill into law on Tuesday after it passed the state Senate earlier this month.

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Appraisal Buzz

JANUARY 30, 2025

Budgeting, Buyers Remorse and Bills More than two-thirds (69%) of homeowners regret their home and the related costs, and 4 out of 5 (81%) say their spending was higher than they had expected. The post Non-Mortgage Homeownership Costs Shock First-Time Buyers first appeared on The MortgagePoint.

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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. Monestier’s objection also looks at the required buyer representation agreements.

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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

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Housing Wire

MARCH 3, 2025

Home staging is your chance to transform a property into a home that buyers cant wait to get their hands on. Buyers want to be able to see how a home will work for them. The best home staging tips help you create a welcoming environment that will make buyers feel right at home. Why is home staging important?

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Housing Wire

OCTOBER 29, 2024

Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. Despite the initial concerns, many industry professionals say first-time buyers are currently faring no worse than other buyers — for now, at least.

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Housing Wire

MARCH 3, 2025

Buyers, on the other hand, view earnouts as a risk mitigation tool to avoid paying too much, particularly if there is uncertainty regarding future performance of the business. Earnouts are contingent payments based on Buyer achieving future financial targets that may never happen.

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Housing Wire

FEBRUARY 28, 2025

The trend is most pronounced in Atlanta, Las Vegas, Houston, and parts of Florida , where increasing housing supply is leading to a buyers market. With less competition, some buyers are backing out during the inspection period, hoping for a better deal. Some buyers are getting cold feet with everything going on in the world.

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Housing Wire

MARCH 4, 2025

First-time buyers represented 61% of all mortgage offers on the LendingTree platform in 2024. The company also reported that these buyers tend to have lower credit scores, down payments and loan sizes than repeat buyers. First-time buyers dont have that problem.

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Housing Wire

NOVEMBER 21, 2024

Curb appeal sets the tone for potential buyers before they even step inside, shaping how welcoming and well-maintained a property feels. With just a few thoughtful updates, you can make your listing stand out and leave a lasting impression on buyers and even turn nearby neighbors into clients.

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Housing Wire

MARCH 19, 2025

An analysis by SFR Analytics , which tracks nationwide real estate transactions, found that the threshold to rank among the top 10 buyers in 2024 was nearly 80% lower than it was in 2021, when institutional firms routinely acquired 5000-plus homes annually. Even among active buyers, net acquisitions were low.

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Housing Wire

DECEMBER 3, 2024

Once the process starts, nearly half of home buyers report shedding tears at some point. Fortunately, home buying doesn’t have to remain confusing for new buyers. Zillow offers a robust monthly cost calculator to help prospective buyers budget for monthly payments. How much home can I afford?

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Appraisal Buzz

MARCH 11, 2025

As buyers become serious about property looking before their summer vacation and the start of the new school year in the fall, search traffic usually peaks before Memorial Day. Sellers can list their house when the most buyers are seeking by focusing on late spring. Homes listed in the final two weeks of May sold for 1.6%

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Housing Wire

OCTOBER 24, 2024

That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. But some segments of pre-foreclosure buyers are purchasing at much bigger discounts. Many of the distressed properties Sandoval encounters are not in good enough condition to qualify for traditional financing.

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Housing Wire

NOVEMBER 20, 2024

home seller paid a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January. At the end of October, the narrative changed; Redfin reported that commissions paid to real estate agents representing buyers remained essentially unchanged.

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Housing Wire

OCTOBER 15, 2024

17 deadline, much of the industry concern was over how home buyers and sellers would react. Would sellers suddenly stop offering buyer’s agent compensation? Would buyers refuse to sign buyer agency agreements and ultimately decide to go unrepresented? Approaching the Aug.

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Appraisal Buzz

MARCH 13, 2025

If 2025 follows the seasonal trends of the past few years, sellers who list their property this week may see more buyers in the market, sell their home more quickly, and receive an average of $27,000 more than they would at the beginning of the year. higher than the beginning of the year and 1.1% more than the average week of the year.

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Housing Wire

FEBRUARY 27, 2025

Redfin agents in the state say that its now a buyers market where sellers have to make concessions to bring buyers to the table. However, mortgage rates staying stubbornly around 7% are preventing many would-be buyers from entering the market. Active listings landed at 212,437 at the end of January, a staggering 19.4%

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Housing Wire

OCTOBER 25, 2024

The for-sale market, on the other hand, is offering opportunities for buyers heading into the fall, with more than 1 in 4 sellers cutting prices. With inventory up 22% compared to a year ago, buyers are gaining bargaining power. The typical rent is 3.4% Zillow Home Loans’s Buyability tool is a great way to kick off that conversation.

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Appraisal Buzz

FEBRUARY 25, 2025

As inflation continues to impact the wallet of Americans, potential home buyers are being impacted as well. The amount of money homebuyers are putting down is higher than a year ago mainly because home prices are up: A higher price means buyers typically make a bigger deposit. homebuyers down payment was 16.3% The median U.S.

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Buyers Renovations Mortgage Housing Market 377

Housing Wire

JANUARY 30, 2025

However, with mortgage rates rising in December and pushing above 7% in January, buyers and sellers are hesitant. “There remains significant pent-up demand in the housing market, but what could bring more home buyers out in the near-term? The most obvious factor that would draw buyers into the market is a drop in mortgage rates.

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Housing Wire

FEBRUARY 27, 2025

While the key statistics about a property will be available to buyers in the real estate listing description, residential buyers tend to shop with their emotions. Your listing description allows you, as the listing agent, to showcase the property’s best features in a way that reaches potential buyers on a deeper level.

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Real Estate Buyers Agents Renovations 387

Appraisal Buzz

MARCH 10, 2025

Buyers are willing to pay nearly 4% more than expected for a home that is already remodeled (3.7%)an Fixer-uppers can be appealing to a first-time buyer trying to get their foot in the door of homeownership, because they offer a lower initial price of entry, said Amanda Pendleton, Zillows home trends expert. home value growth in 2025.

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Renovations Home Value Buyers Sellers 414

Housing Wire

OCTOBER 18, 2024

Buyers are not required to prepare their current home for sale until after they move into the new property. Calque also offers buyers a guaranteed offer on their current home to reduce risk. “It In other words, if a buyer can sell their home in a specific timeline, the contingency is pulled and the buyer can purchase the property.

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Mortgage Buyers Contracts Finance 448

Housing Wire

OCTOBER 23, 2024

While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices. Moderating home price increases are welcome news for home buyers,” Yun said. In September, the median sales price for an existing home was $404,500, up 3% from a year ago.

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Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” There is no doubt that buyers will experience several highs and lows during the course of the year. Zillow predicts 4.3

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Housing Wire

OCTOBER 29, 2024

In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. Stockberger: It’s very omnipresent.

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Real Estate Clients Agents Sellers 459

Housing Wire

FEBRUARY 5, 2025

The companys proprietary data showed that the volume of homes sold at auction to third-party buyers and those repossessed by the foreclosing lender as real estate-owned (REO) declined 3% between the third and fourth quarter of 2024. But these ratios vary significantly across local markets. Conversely, Minneapolis, Detroit, St.

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Retail Renovations Buyers Finance 417

Housing Wire

JANUARY 9, 2025

On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. I would say there are more buyers out there now than there were pre-pandemic when the rates were lower. Data from Altos Research supports Feinsteins observations. as of Jan. 6, compared to a score of 44.64 a year ago.

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Housing Market Inventory Marketing Sellers 418

Appraisal Buzz

DECEMBER 16, 2024

When I explain to buyers that they can get more bang for their buck and lower flood risk a little further inland, they often tell me, Rafael, we came to Florida for the waterfront views. This gives buyers leverage when theyre negotiating with other insurers. That compares 59.2% That compares 59.2% of homes face high flood risk and 35.7%

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HOA Insurance Buyers Property Taxes 392

Appraisal Buzz

OCTOBER 25, 2024

housing market is showing signs of relief for buyers, as home prices drop in more than half of the largest metropolitan areas. Key Markets Experiencing Price Declines Several major cities across the country are experiencing a drop in median home prices, a welcome change for buyers facing years of affordability challenges.

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Buyers Housing Market Construction Real Estate 368

Appraisal Buzz

NOVEMBER 25, 2024

More inventory should shake loose in 2025, giving buyers a bit more room to breathe. But since then, they have climbed back to nearly 7%, changing the affordability picture for home buyers. Mortgage rates fell in September, briefly bringing the share of affordable listings to a 19-month high.

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Housing Market Marketing Buyers Construction 365

Housing Wire

NOVEMBER 7, 2024

Wacksman: That’s the Zillow app for a buyer and a seller. What does the buyer or seller want? One has to keep up with where the buyer and seller is going. For an agent, that’s a higher-intent lead, a more educated buyer in all these regulatory changes. You also have a more educated buyer on how commissions work.

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Real Estate Technology Sellers Agents 370

Housing Wire

DECEMBER 30, 2024

There are a few markets in the South where home prices have inched down recently and every bit helps buyers but those prices have not adjusted much, and theres no sign of any major correction in the works. Itll keep falling this spring with fresh inventory and new buyers for the next few months. Learn more here.

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Housing Market Marketing New Listings Inventory 543