Appraisal Buzz

NOVEMBER 6, 2024

Key Findings: Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.

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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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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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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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Buyers Renovations Supply Chain Housing Market 370

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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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

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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Construction Real Estate Buyers Sellers 454

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 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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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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Buyers Inventory Agents Realty 359

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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Renovations Real Estate Agent Construction Buyers 468

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

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

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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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

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

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

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

NOVEMBER 1, 2024

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3% Overall construction has slowed. a year ago.

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Construction Inventory Real Estate Agent Agents 370

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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Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . Higher mortgage rates and home prices are expected to moderate buyer demand as the erosion of affordability takes a toll.

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Housing Wire

NOVEMBER 22, 2023

Consumers will reset their expectations, and as rates move lower, there will be both more buyers and more sellers in the market. If sellers are enticed into the market before first-time buyers get back in, we could see home prices dip early in 2024.

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Housing Wire

MARCH 1, 2024

Both buyers and sellers are coming back to the market,” Fischer said. From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.”

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Appraisal Buzz

JUNE 25, 2024

approximately one-third (33.4%) of single-family houses listed for sale in the first quarter were recently constructed; this percentage is down from a record-high 34.5% The percentage of newly constructed homes in the market is still over twice that of pre-pandemic levels. In the U.S.,

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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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Buyers Sellers Home Value Construction 370

Housing Wire

FEBRUARY 5, 2024

Additionally, the competition from existing home sellers was somewhat absent. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. An estimated 668,000 new homes were sold in 2023, 4.2% Census Bureau and the U.S.

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Construction Housing Market Buyers Sellers 415

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 Market Tenants Marketing Mortgage 396

Housing Wire

OCTOBER 4, 2024

Most of the job gains in September occurred in food services and drinking places (+69,000 jobs), health care (+45,000 jobs), government (+31,000 jobs), social assistance (+27,000 jobs), and construction (+25,000 jobs). Over the past 12 months the construction sector has averaged a gain of 19,000 jobs per month.

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Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand.

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Mortgage Construction Realtors Inventory 539

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. In March of 2022, sellers received an average of 5.5

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Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

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Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

JANUARY 3, 2023

“Falling home sales and construction have hurt broader economic activity.”. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.

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Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. In 2022, the Husky Homes team closed 121 transactions and more than $48.4 million in sales volume. It even ranked No. 15 in the state of Wisconsin by transaction sides, according to the RealTrends 2023 America’s Best list.

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Real Estate Agent Real Estate Realty Technology 430

Housing Wire

JULY 23, 2024

HousingWire Lead Analyst Logan Mohtashami recently wrote that higher mortgage rates “have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. 1 reason for a buyer pausing their home search efforts over the past six months, while high mortgage rates were the No.

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Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

MARCH 20, 2024

NAR’s proposed settlement – which still needs court approval – includes several rule changes, including a new requirement that buyer agents to enter into a written buyer broker agreement with clients. That may be a slightly rosy framing of buyer agents’ impact on ZIllow’s revenues.

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Investors Agents Real Estate Buyers 418

Housing Wire

APRIL 26, 2021

Despite what is undoubtedly a seller’s market, many prospective sellers — candidates that, in a different market, would be happy to sell — are instead choosing not to stay put for fear of being unable to find or afford a new home. And on top of that, builders are struggling to construct new homes given an ongoing lumber shortage.

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