Appraisal Buzz

OCTOBER 14, 2024

Last week’s big interest rate cut by the Federal Reserve will give buyers a boost in confidence.” For a home to sell fast, or with multiple bids, it needs to be immaculately presented and have a unique design, or additional features like a pool,” said Andrew Vallejo, a Redfin Premier agent in Austin, Texas. “I

Marketing 370

Marketing HOA Buyers Contracts 370

Housing Wire

JANUARY 30, 2025

But the scope of the suit is much larger as it seeks class-action status for all persons who listed properties on a Multiple Listing Service in the United States using a listing agent or broker affiliated with one of the brokerage defendants and paid a buyer broker commission between Oct. 31, 2019, and the present.

Real Estate 322

Real Estate Real Estate Agent Brokerage Law 322

Appraisal Buzz

OCTOBER 15, 2024

Remarkably, although the majority are happy with their present rental, roughly 27% took a neutral position, expressing neither specific satisfaction nor disappointment. With 45,400 single-family rentals presently in the development phase, 2024 is expected to beat the record 27,500 completions set in the previous year.

Tenants 370

Tenants Renovations Modernization Contracts 370

Housing Wire

MARCH 14, 2025

Median list price of homes from September 2020 to present (Source: Altos) If you want more statistics like these that are specific to your location, check out Altosthats where all the stats above are from! Visit Altos Research Sources: Altos Research Buyer statistics Part of being a great buyers agent is getting inside the mind of a buyer.

Real Estate 358

Real Estate Marketing Real Estate Agent Sellers 358

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. Presented by: Move Sales.

Buyers 448

Buyers Real Estate Agent Real Estate Inventory 448

Housing Wire

NOVEMBER 1, 2024

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

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.

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

MARCH 20, 2025

Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. “These are highly valuable buyers and sellers with a strong intent to transact. He rattled off some compelling statistics: Redfin attracts 50 million potential homebuyers each month (mostly on mobile).

Mortgage 281

Mortgage Real Estate Brokerage Loan Officers 281

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. Presented by: Truework. and West (96.9)

Inventory 511

Inventory Contracts Housing Market Buyers 511

Appraisal Buzz

MARCH 26, 2025

The average contract interest rate for a 30-year fixed-rate mortgage with conforming loan balance was 6.71%, down from 6.72% the previous week. Applications for refinancesdecreased 5% compared with the previous week but were up 63% compared with the same week one year ago.

Contracts 221

Contracts Inventory Mortgage Buyers 221

Housing Wire

DECEMBER 30, 2020

Year-over-year, contract signings increased by 16.4%. Presented by: WFG. Although month-over-month contract activity fell in all four major regions, there were still gains in pending home sales transactions. pending home sales slid for the third consecutive month in November, dropping 2.6%

Contracts 535

Contracts Inventory Realtors Government 535

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. Presented by: Fannie Mae. pending home sales fell 1.1% compared to a year ago.

Inventory 535

Inventory Realtors Contracts Development 535

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? An appraisal gap clause can be written into a contract. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always. Okay, maybe not.

Appraisal 402

Appraisal Market Value Contracts Buyers 402

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. Presented by: Auction.com.

Inventory 448

Inventory Renovations Contracts Buyers 448

Housing Wire

MARCH 21, 2025

’ In a presentation for investors , Rocket outlined how its acquisition of Redfin will help the company create a more seamless and affordable way for consumers to transact real estate, showing how it will take consumers from the home search phase all the way through title and closing.

Real Estate 292

Real Estate Agents Loan Officers Mortgage 292

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. NAHB attributes this increase to strong consumer demand for homes.

Supply Chain 537

Supply Chain Inventory Buyers Housing Market 537

Appraisal Buzz

AUGUST 16, 2021

In other words, why are appraiser estimating market value below the contract price so often? She had a mountain of offers and sent me a spreadsheet of them once she had obtained the ‘highest and best’ from all the potential buyers. Many will say, we have a willing buyer and seller, so we have an indication of value.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

MAY 11, 2022

Despite a slow start to this year’s spring home buying season, prospective buyers are showing some resiliency to higher rates. Presented by: RMF. The average contract interest rate for 30-year-fixed mortgages with conforming loan balances ($647,200 or less) rose to 5.53% this week from the previous week’s 5.36%.

Mortgage 459

Mortgage Contracts Retail Buyers 459

Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. In the motion, HomeServices claimed that no evidence has been presented to show they conspired with the National Association of Realtors (NAR) and other brokerages on rules for commissions.

Law 459

Law Agents Realtors Contracts 459

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 476

Agents Sellers Realty Buyers 476

Housing Wire

MARCH 23, 2021

Presented by: CreditXpert. A new home sale occurs when a sales contract is signed or a deposit is accepted. At just two months supply left for existing homes, Fannie Mae chief economist Doug Duncan bets that buyers will gravitate toward the more readily available stock and new home smell. This represents a supply of 4.8

Construction 532

Construction Buyers Development Contracts 532

Housing Wire

OCTOBER 26, 2021

With one of only a few companies that provide an iBuying offering halting business, it does present an opportunity to us as customer demand for streamlined, on-demand real estate solutions remain high.”. “Offerpad is continuing to expand our reach,” company founder and CEO Brian Bair told HousingWire. More will be known Nov.

Supply Chain 533

Supply Chain Real Estate Real Estate Agent Clients 533

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. From a data lens, transactions can be broken out into three different stages: Valuation , Due Diligence , and Contract.

Real Estate 448

Real Estate Brokerage Valuation Contracts 448

Housing Wire

JANUARY 4, 2024

They are boosting their agent training programs to provide more transparency around compensation and how to have those discussions with buyers and sellers. ” “Presentation within the listing discussion of the option of the seller not to pay the buyer agent per our state’s new contract.”

Brokerage 448

Brokerage Real Estate Training Buyers 448

Housing Wire

MARCH 30, 2021

January’s data remain consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes,” said Craig Lazzara, managing director and global head of index investment strategy at S&P DJI. Presented by: Fannie Mae. Fannie Mae on how to make housing more affordable.

Inventory 545

Inventory Contracts Buyers Mortgage 545

Housing Wire

JUNE 11, 2021

A home inspector, hired and paid by the buyer typically, will look at the plumbing, electricity and the overall foundation of the home and then provide a report with their findings. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process.

Inspection 459

Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. The second section, shows the experiences of successful home buyers by race.

Housing Market 476

Housing Market Realtors Buyers Inventory 476

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Presented by: Radian. Generally, they go under contract in a day or two.” “We won’t renegotiate with you, and that seems to help buyers a ton.” It’s like a horse race.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

APRIL 15, 2024

When asked about the language they use to discuss how buyer and seller agent commissions are paid, some of the most common responses included stressing that commissions are and always have been negotiable, and that if the National Association of Realtors’ settlement is approved, some practices may change, but many things are currently unknown.

Inventory 448

Inventory Agents Real Estate Sellers 448

Housing Wire

AUGUST 31, 2021

“Some early data suggests that the buyer frenzy experienced this spring is tapering, though many buyers still remain in the market. Presented by: Flueid. “We Nevertheless, less competition and more for-sale homes suggest we may be seeing the peak of home price acceleration. By fueling the process with certainty. .

Housing Market 468

Housing Market Inventory Buyers Real Estate 468

Housing Wire

FEBRUARY 2, 2022

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 3.75% from 3.72% the week prior. Presented by: Equifax. For jumbo mortgage loans (greater than $647,200), rates climbed to 3.59% from 3.56% the week prior.

Mortgage 435

Mortgage Contracts Inventory Investors 435

Housing Wire

MARCH 24, 2025

It translates to getting more buyers through the door, more offers and more money in the sellers (and your) pockets. Buyers are more inclined to stop by an open house or set up a private showing on listings that look great online. This was a decade ago, so prices were much more buyer-friendly. Win more listings.

Real Estate 221

Real Estate Real Estate Agent Agents Sellers 221

Housing Wire

APRIL 13, 2021

Putting a home on the market on a Friday or Saturday is risky, since potential buyers may have already filled their weekend with other home tours, said Redfin Chief Economist Daryl Fairweather. “And listing on a Sunday or Monday means buyers may lose interest before the following weekend,” Fairweather said.

Sellers 435

Sellers Real Estate Real Estate Agent Buyers 435

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 458

Agents Realtors Clients Real Estate 458

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Get input from a qualified attorney Seek legal advice, especially when dealing with contractual matters.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488