Appraisal Buzz

SEPTEMBER 9, 2024

Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points. However, it seems sense that buyers are hesitant to sign papers when they visit properties. I showed a $4.75

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

SEPTEMBER 9, 2024

While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. more sellers than the same week a year ago.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. The average home for sale in May lasted 32 days on the market. Ongoing U.S. year-over-year.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb.

Housing Market 493

Housing Market Marketing Inventory Buyers 493

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Housing Market 488

Housing Market Marketing Mortgage Sellers 488

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. Each week sellers are easing back into the market a little more than last year.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market.

Housing Market 477

Housing Market Marketing Sellers Buyers 477

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.” As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values.

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. It’s just become a more common theme.

Housing Market 370

Housing Market Marketing New Listings Sellers 370

Housing Wire

JULY 29, 2024

That implies a continued slow down for home sales in the second half of the year — fewer buyers and fewer sellers, too. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. Sellers seem to be backing off. Seller momentum has evaporated.

Housing Market 456

Housing Market Marketing Inventory New Listings 456

Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. Elevated mortgage rates have stymied the broader housing market in 2024, but the luxury segment is somewhat insulated from that because wealthy buyers are less likely to need a mortgage.

Housing Market 370

Housing Market Marketing Buyers Real Estate 370

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

APRIL 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

Housing Market 459

Housing Market Marketing Inventory Agents 459

Housing Wire

OCTOBER 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates , unsold inventory of homes on the market climbed this week by about 1%. The seasonal changes in the housing market are very different from what they used to be with inventory peaking two or three months later in the year. In fact, no.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

OCTOBER 4, 2024

Real estate agents : Real estate agents provided insights based on their direct interactions with buyers and sellers. Overall Market Sentiment The overall sentiment towards the housing market remains cautiously optimistic, with most respondents expressing neutral to optimistic views.

Real Estate 459

Real Estate Housing Market Real Estate Agent Marketing 459

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. Frankly, it feels like the housing market is contracting a bit now in November.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Altos classifies scores above 30 to be indicative of a sellers’ market. I’ve seen buyers ask for and get between $8,000 and $10,000 in closing costs covered.

Insurance 459

Insurance Housing Market Marketing Agents 459

Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. You just learned the basics of handling seller concessions!

Sellers 418

Sellers Real Estate Appraisal Finance 418

Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. Last year, mortgage rates increased from 3% to 8% and home prices still increased in most markets.

Sellers 493

Sellers Real Estate Agents Buyers 493

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. housing market is seeing that now. I think it’s worth examining if sellers will indeed just wait it out now. That is 13% more sellers than last year at this time, but it’s not expanding any more this summer. The pace of sellers has plateaued for the year.

Inventory 457

Inventory Sellers New Listings Property Taxes 457

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. The after-repair value is the estimated full market value of a property in fully repaired condition.

Housing Market 366

Housing Market Retail Marketing Sellers 366

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A Despite the state’s tight inventory, the housing market is not as hot as one might expect.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 497

Real Estate Buyers Agents Sellers 497

Housing Wire

FEBRUARY 26, 2024

Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. We still see more sellers than last year. The housing market data has been changing very rapidly this year. Inventory There are now 498,000 single-family homes available unsold on the market around the U.S.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. Buyers will also be required to sign a representation agreement outlining the amount they will pay their agent for their services.

Buyers 523

Buyers Real Estate Real Estate Agent Brokerage 523

Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. Buyers] have been the ones to benefit from just the steadiness and lack of volatility.” Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago.

Housing Market 459

Housing Market Marketing Property Taxes Inventory 459

Housing Wire

DECEMBER 16, 2024

Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housing market. Housing inventory It is December, of course, so inventory is falling for the season. There will be fewer homes on the market each week until February or so. Can there be too many homes for sale?

Inventory 369

Inventory Housing Market Marketing Sellers 369

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets.

Buyers 475

Buyers Real Estate Agent Inspection Real Estate 475

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

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Buyers have more options to choose from for two reasons. Zillow noted that the U.S. 29 to Oct.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Housing Wire

JULY 29, 2024

Warmer summer weather has brought cooler housing market conditions to Montana. The market right now just feels like it’s a bit lukewarm,” said Brian Huskey , a Billings, Montana-based ERA American Real Estate agent. This was the slowest June we’ve seen in many years in our market,” Durham, a luxury-focused agent, said.

Housing Market 445

Housing Market Marketing Real Estate Agent Inventory 445

Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao.

Valuation 417

Valuation Housing Market Marketing Home Value 417

Appraisal Buzz

OCTOBER 31, 2024

Despite their potential to draw in vandalism and spread community blight, zombie foreclosures continue to have little to no effect on the majority of local housing markets. That phenomena is still one of the many long-lasting consequences of the 13-year-old housing market bubble that has occurred across the country.

Housing Market 369

Housing Market Marketing Investors Construction 369

Housing Wire

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

Agents 476

Agents Buyers Real Estate Agent Sellers 476

Housing Wire

JUNE 24, 2024

While the conventional wisdom is that high rates are choking the housing market, a new survey suggests it’s not as all-encompassing as one might think. Among the 463 buyer agents surveyed, 50% said their clients planned to buy regardless of mortgage rates. Nearly half said they could not find a buyer for their home.

Buyers 418

Buyers Mortgage Clients Agents 418