Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

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Buyers Inventory Landlords Real Estate 393

Housing Wire

APRIL 25, 2024

Buyers are really struggling.” Cincinnati is a great place to live,” said Julie Back , the executive sales vice president of Sibcy Cline Realtors. I think a lot of it has to do with there are just fewer houses available,” said Mark Meinhardt, a senior vice president at Sibcy Cline Realtors. Baby boomers are not moving.

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Buyers Marketing Inventory Investors 410

Housing Wire

MARCH 8, 2024

At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools.

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Housing Market Buyers Agents Marketing 426

Housing Wire

JULY 10, 2024

Anything under $300,000 or $350,000 has really good activity, but above that, I think interest rates have really affected buyers in those price ranges,” said Eddie Campos, the president of Northwest Ohio Realtors and an associate at RE/MAX Preferred Associates. “I 1 challenge for his buyers is the current inventory situation.

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Inventory Buyers Agents Inspection 345

Housing Wire

MARCH 31, 2021

The Bay City Realtor Association reported that 222 homes have already been sold in 2021 – a 7.9% “People come here and they see our prices, and their eyes become saucers,” said Barb Appold, a realtor for Berkshire Hathaway Home Services MI Real Estate. Incredibly, that median listing price of $92,000 is up 15.8%

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Buyers Investors Realtors Agents 418

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. But, the buyer has to have the money ready in the situation that they do.

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Inspection Sellers Buyers Tools 468

Housing Wire

AUGUST 22, 2024

The predicted Realtor apocalypse never happened. Although the process for communicating and dispersing buyer agent compensation has shifted, the industry adapted calmly within a couple of weeks. Instead of chaos and calamity, we’ve seen the resilience of Realtors and conviction of consumers. And guess what?

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Real Estate Realtors Contracts Agents 422

Housing Wire

JULY 23, 2024

That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

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Inventory Buyers Sellers Inspection 461

Appraisal Buzz

JUNE 11, 2024

Department of Veterans Affairs (VA) has announced in Circular 26-24-14 that eligible veterans, active-duty servicemembers, and surviving spouses who use VA-guaranteed home loan benefits can pay for certain real estate buyer-broker fees when purchasing a home. Nine out of 10 consumers use the service of a real estate professional.

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Realtors Real Estate Buyers Sellers 418

Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. That’s according to Redfin , which interviewed dozens of its agents about what they’re seeing on the ground in regard to buyer commission conversations.

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Agents Marketing Sellers Buyers 409

Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. Some buyers may be relocating from a different state, and feel pressured to purchase a home sight unseen. It’s not that these pictures are meant to deceive buyers. WAIVING HOME INSPECTIONS. Did they regret their decision?

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Buyers Property Taxes Inspection Market Value 243

Housing Wire

JUNE 22, 2021

Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin also reported this month that seven in 10 buyers — 70.4% — faced bidding wars in May. If you’re an FHA or VA buyer, you don’t stand a chance. So, what does this mean for buyers? Bidding wars.

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Housing Market Real Estate Agent Marketing Inventory 433

Housing Wire

SEPTEMBER 19, 2024

million, according to the National Association of Realtors (NAR). Higher inventory levels and lower mortgage rates should provide better conditions for the market in the fall, helping both buyers and sellers who’ve been waiting on lower borrowing costs and the end of the election cycle. That was a 4.2% decline compared to one year ago.

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Inventory Housing Market Inspection Sellers 393

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

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Agents Inspection Real Estate Sellers 431

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. One of those steps is the home inspection and with the home inspection, major issues can arise.

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Inspection Sellers Buyers Realtors 158

Housing Wire

AUGUST 8, 2022

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S. have floor plans. Presented by: Rently.

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Property Management Technology Real Estate Valuation 525

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Closing tasks such as appraisal , inspection, title insurance and homeowners insurance are done remotely. A digital U.S.

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Finance Real Estate Investors Legal 371

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% ” Poveda said he usually discourages his buyers from waiving an appraisal — a popular tactic that has popped up during the housing craze of the last 18 months. year-over-year.

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Housing Market Marketing Realtors Inventory 459

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. For the most part, brokers said buyers are willing to sign these agreements.

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Agents Sellers Buyers Realtors 410

Appraisal Buzz

JULY 23, 2024

According to the National Association of REALTORS , existing-home sales decreased in June while the median sales price increased to the highest amount ever recorded for the second consecutive month. We’re seeing a slow shift from a seller’s market to a buyer’s market,” said Lawrence Yun, Chief Economist at NAR. from May and 23.4%

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Inventory Inspection Realtors Sellers 395

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!

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Real Estate Real Estate Agent Agents Brokerage 445

National Association of Realtors

JANUARY 24, 2022

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

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Inspection Contracts Realtors Buyers 80

Housing Wire

OCTOBER 1, 2020

And then pass that along to the Realtor as well so they’re efficient with their time. On Realtor.com’s end, buyers that are connected to agents through Realtor.com’s platform, called ReadyConnect Concierge , will also be able to receive a pre-approval for a mortgage. “They think, ‘I want to buy a home.’

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Advertising Real Estate Agent Mortgage Real Estate 459

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

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Agents Buyers Sellers Inventory 414

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. Increasing DOM is not necessarily correlated with decreasing prices, but it does mean buyers will have more choices and will be able to regain some bargaining power in negotiations. Take a recent example of mine. 1] [link].

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Sellers Marketing Market Value Home Value 435

Appraisal Buzz

SEPTEMBER 27, 2021

Becoming a Go-to Appraiser for Realtors during a Confusing Time in the Industry. In many markets, there is no rhyme or reason for list prices and cash sales, and in my own market, an inordinate amount of buyers are purchasing homes sight unseen. Becoming a Remote Appraiser.

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Real Estate Agent Valuation Real Estate Appraisal 370

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. In a controlled transaction there is an established relationship between the buyer and seller. However, it might save both parties money on Realtor fees.

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Market Value Real Estate Agent Real Estate Finance 398

Housing Wire

OCTOBER 10, 2024

For example, suppose you are focused on the higher interest rates and reasons why buyers can’t buy today. In that case, you’ll miss the signals of opportunity like greater inventory, builder incentives, and assumable mortgages that will allow some buyers to take advantage of the current real estate market.

Real Estate 426

Real Estate Real Estate Agent Agents Clients 426

Housing Wire

JULY 22, 2024

Back then, we never thought about the property inspection. We didn’t understand anything other than dual agency and we didn’t have inspections for things like radon gas or uranium in the soil. So, with everything, I think we are going to see membership numbers in the National Association of Realtors go down.

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Real Estate Real Estate Agent Technology Agents 365

Housing Wire

SEPTEMBER 13, 2022

According to a report from the National Association of Realtors, homebuyers consider floor plans the top most desired feature on a home listing, after standard listing photos and property data. Buyers want them because floor plans provide a clear, quick sense of the property’s space and flow,” Allen said.

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Training Technology Buyers Sellers 372

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. HW: What are the risk management challenges for REO assets?

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Business Marketing Real Estate Legal 368

Housing Wire

JUNE 28, 2024

There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. It really is just really slow from a buyer standpoint.” as of June 21, 2024.

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Housing Market Marketing Inventory Buyers 354

D Fritz Appraisals

AUGUST 12, 2019

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. home appraisal – an often mandatory step the buyer’s lender insists on.

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Inspection Appraisal Property Appraisal Real Estate 96

Housing Wire

JULY 15, 2021

Through a close friend, Davis was introduced to HomeFree-USA, a nonprofit organization whose mission is to help prospective buyers reach homeownership. Throughout the process, Davis faced common issues, such as being outbid on a property and encountering unexpected defects in homes she toured that wouldn’t have passed inspection.

Clients 416

Clients Development Lending Inspection 416

Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. With the guidance of your trusted REALTOR®, you can be prepared to handle anything and bring your transaction to a smooth close. So, what do you, as a seller, do in this scenario?

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Inspection Sellers Buyers Agents 65

Raleigh Realty

MARCH 26, 2022

What Is A Buyer's Agent? What is a Buyer's Agent in Real Estate and do I need one when buying a home? We have all that answered and more If you are wondering if you should use a Buyer's Agent the answer is easy, yes. At Raleigh Realty we have some of the best Buyer Agents and Realtors on our team.

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Real Estate Buyers Agents Contracts 148

Housing Wire

JANUARY 19, 2022

It can even prevent you from selling your investment property because potential buyers don’t want to deal with the hassle of constantly finding new tenants. This can then lead to them looking more closely at property inspection reports and wanting to negotiate a lower sales price if they still want to purchase the property.

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Property Management Tenants Tools Landlords 384