Appraisal Buzz

JANUARY 8, 2025

What should be the most competitive markets for buyers this year share two characteristics: relative affordability and a dearth of available homes. Construction that keeps pace with an areas growth remains a crucial piece of keeping homes available and accessible. But both buyers and sellers should expect unpredictable mortgage rates.

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Housing Wire

AUGUST 14, 2024

If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. This gave sellers the upper hand, but the market has turned in recent months. This has taken power away from sellers, who now face a shortage of potential buyers.

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Housing Wire

JANUARY 22, 2025

While stubbornly high mortgage rates are keeping a lid on buyer demand and home value growth, and a response from builders has kept multifamily rent growth stable for many months, rents for detached single-family homes continue to accelerate.

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Housing Wire

NOVEMBER 25, 2024

The current start-stop cycle facing American homebuyers and sellers shows no sign of relenting. This volatility has sidelined many potential buyers and sellers, who are opting to wait for a more stable market. Construction remains insufficient to meet demand after 15 years of under-building. from the 3.4%

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Housing Wire

NOVEMBER 4, 2024

This indicates that buyers and sellers alike are showing signs of frustration in waiting for rates to fall. New construction inventory has grown in recent months. NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 million units. year over year in September.

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Appraisal Buzz

JANUARY 17, 2022

Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing. In 2022, construction companies will have to work hard to catch up with an overwhelmed market.

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Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. This is largely due to a delay in homebuilding caused by supply-line disruptions and shortages of construction materials. Homebuilders are starting to catch up.

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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. Helping the seller understand the true market value of the home given the condition can also be a challenge. But some segments of pre-foreclosure buyers are purchasing at much bigger discounts.

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Housing Wire

NOVEMBER 1, 2024

Construction was another sector that posted gains in October, adding 8,000 jobs. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs.

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Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. Now more than ever, sellers expect an agent who will confidently create a plan to get them top dollar for their home. Because of this, a dated kitchen can turn buyers away and cause a house to sit on the market for longer.

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Appraisal Buzz

OCTOBER 30, 2024

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. higher as buyers responded to slightly improved affordability in the new construction segment as well.

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Housing Wire

DECEMBER 2, 2020

Construction is starting to pick up, so that should help alleviate things in the housing market. A whopping 63% of sellers are also buyers, which poses yet another concern. Some worry about potential buyers coming to their home for a showing, while others are more concerned about exposure during their own house hunts (or both).

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Housing Wire

DECEMBER 6, 2024

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.

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Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

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Appraisal Buzz

FEBRUARY 19, 2025

While builders are benefitting from a chronic housing shortage made worse by the sellers strike driven by higher mortgage rates, they still must confront lingering supply-side and affordability headwinds. Incentive use may be declining as a sales strategy as elevated interest rates reduce the pool of eligible home buyers.

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Housing Wire

FEBRUARY 17, 2025

Although agents are split on whether its going to be a buyers or a sellers market, 87% predict that demand will remain very strong over the next year. Structuring meetings like this can make them much more constructive. That will likely make it a busy year for real estate agents. Time will be your most valuable resource.

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Housing Wire

FEBRUARY 13, 2024

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It

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Housing Wire

SEPTEMBER 25, 2024

Current home price data shows that affordability remains one of the biggest challenges for buyers today, particularly when coupled with persistently high interest rates. Given what is indicated in the National Association of REALTORS report on international transactions, it may not be the buyer you expect.

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Sacramento Appraisal Blog

JULY 25, 2022

But is it because sellers are rushing to list their homes? We’ve seen a massive change with housing inventory. That’s not the culprit. Let’s talk about supply and some things on my mind about today’s market.

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Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

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Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. The result: a bottleneck with scores of would-be buyers in a low-inventory market.

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Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money.

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Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. These loans go up to $2.5

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Housing Wire

MAY 25, 2022

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. Smart home features also pique the interest of two-thirds of new build buyers.

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Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. The interest in the smaller structures that were hot sellers during the pandemic has ceded ground to a surge in inquiries about ADUs with bathrooms, kitchenettes and the full suite of HVAC, plumbing, and electrical service.

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Appraisal Buzz

JANUARY 22, 2025

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. That is the biggest difference Zillow has ever seen.

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Appraisal Buzz

OCTOBER 31, 2024

On top of that, the supply of homes is so tight that even when a property is abandoned, buyers are more likely to swoop in and pick it up.” “That’s unlikely to change much in the near future given that record home prices are keeping home-equity levels at historic highs and foreclosures cases dropping. has stayed relatively constant at 1.3%.

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Housing Wire

FEBRUARY 4, 2021

Not only can it give you a good price range to work with, but it can also make sellers more likely to choose your offer. When faced with multiple bids, pre-approved ones are typically stand-outs, indicating a buyer is prepared, ready to buy and a safe bet to follow through with the deal. Pull out all the stops to impress sellers.

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Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

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Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Housing Wire

MAY 20, 2024

home construction at the onset of the pandemic. Many potential sellers prefer to keep their low rates rather than move and trade in for higher ones. Many potential sellers prefer to keep their low rates rather than move and trade in for higher ones. “We First, a spike in homebuying demand drove the surge in U.S.

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Housing Wire

FEBRUARY 29, 2024

This has the potential to add even more economic pressure for prospective buyers looking for homes in these parts of the country, the analysis stated. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said.

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Housing Wire

APRIL 20, 2021

Patrick, a first-time homebuyer, was competing with buyers who were waiving basic contingency requirements and/or putting in offers that far exceeded the seller’s asking price. Most sellers, if given the choice, would seldom choose a lengthy construction financing process to a cash offer on a dilapidated house.

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Housing Wire

DECEMBER 2, 2020

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. Plus, construction starts are projected to increase 9% over 2020. More homes are expected hit the market.

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Housing Wire

AUGUST 2, 2024

Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry. Overall, for the past year, the construction sector has added an average of 19,000 jobs per month.

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Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said. .

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Sacramento Appraisal Blog

MARCH 28, 2023

Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.

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