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 438

Buyers Real Estate Agent Real Estate Inventory 438

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 415

Real Estate Agent Real Estate Buyers Agents 415

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 509

Inventory Contracts Housing Market Buyers 509

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

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 534

Inventory Realtors Contracts Development 534

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 397

Appraisal Market Value Contracts Buyers 397

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 439

Inventory Renovations Contracts Buyers 439

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 378

Buyers Agents Loan Officers Real Estate 378

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.

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Market Value Buyers Appraisal Sellers 448

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 510

Supply Chain Inventory Buyers Housing Market 510

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 451

Mortgage Contracts Retail Buyers 451

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.

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Supply Chain Real Estate Real Estate Agent Clients 528

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 448

Agents Sellers Realty 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

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.

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Law Agents Realtors Contracts 416

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.

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Inspection Appraisal Appraisal Process Buyers 449

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 451

Housing Market Marketing Realtors Inventory 451

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 375

Brokerage Real Estate Training Buyers 375

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 461

Housing Market Inventory Buyers Real Estate 461

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 426

Sellers Real Estate Real Estate Agent Buyers 426

Housing Wire

OCTOBER 23, 2020

Contracts during this time also skyrocketed 62%. Koch said that since this summer — typically the home-buying off-season — was busy for buyers, he thinks it will only get crazier. “We Presented by: NAMB. And, since early July to now, it’s just getting very busy.”. 1, and runs through May 1.

Housing Market 537

Housing Market Marketing Real Estate Agent Real Estate 537

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 413

Mortgage Contracts Inventory Investors 413

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Presented by: Altisource. “I For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said.

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Raleigh Realty

FEBRUARY 24, 2022

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147

Contracts Real Estate Sellers Real Estate Agent 147

Housing Wire

MAY 3, 2021

The complaint – which proposes a class of every single real estate agent who signed a contract with Compass in the last four years – is brought by Lisa Sheppard and Todd Sheppard, a sales team that operated a boutique brokerage in Sonoma County and has since moved onto Sotheby’s International Realty.

Agents 410

Agents Brokerage Real Estate Agent Real Estate 410

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 412

Housing Market Realtors Buyers Inventory 412

Housing Wire

APRIL 8, 2021

According to Matt Sharp, Area Lending Manager at Citi, “It’s really important when you are in the buying process that lenders have a communication with not only the buyer but also with their realtor,” Sharp said. This is a bit of a gamble since the buyer won’t know for sure if they have to use the money until after the appraisal.

Inspection 460

Inspection Sellers Buyers Tools 460

Appraisal Buzz

MAY 24, 2021

This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. However, you must consider how many similar properties are present in a given area.

Appraisal 397

Appraisal Tenants Buyers Landlords 397

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

FEBRUARY 14, 2024

Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform. Visit Coffee & Contracts 2. Don’t try to do everything or be everything to everyone!

Real Estate Agent 380

Real Estate Agent Real Estate Agents Luxury Properties 380

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 374

Inventory Agents Real Estate Sellers 374

Housing Wire

DECEMBER 5, 2022

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price.

Housing Market 522

Housing Market Marketing Supply Chain Mortgage 522

Housing Wire

FEBRUARY 23, 2021

Presented by: Fannie Mae. ” Zillow Economist Matthew Speakman added that homes in some major markets are going under contract more than a month faster than they were at this time last year. In the last few years, the number of existing single-family homes for sale has decreased. But home prices have increased.

Inventory 447

Inventory Finance Contracts Construction 447

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 339

Real Estate Brokerage Valuation Contracts 339

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. “We do not have long-term contracts with many of our real estate partners,” the materials read.

Investors 396

Investors Agents Real Estate Buyers 396

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