Appraisal Buzz

DECEMBER 30, 2024

Housing inventory will likely still be low in 2025, and demand could increase. If youre prepared financially, then its a good time to buy a homeeven if inventory is limited and interest rates are high. If youre not financially prepared, its not a good time, even if theres plenty of inventory and rates are down.

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Housing Market Marketing Inventory Real Estate 363

Housing Wire

MAY 14, 2024

The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment. In the scenario where more inventory comes into the market and rates come down, we are well positioned to capture upside to last year’s performance,” Nolan added. The firm’s title segment reported $1.7

Insurance 476

Insurance Real Estate Sellers Housing Market 476

Housing Wire

OCTOBER 8, 2021

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. Renovated Inventory to the Rescue. Top Markets for Renovated Inventory. Auction.com buyer Steve Johnson purchases and renovates distressed homes in Georgia and Tennessee.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

JUNE 24, 2024

Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2% Sellers can just wait it out, and it looks like the U.S.

Inventory 457

Inventory Sellers New Listings Property Taxes 457

Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

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Inventory Real Estate Housing Market Construction 482

Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% of buyers canceled in June. of homes that went under contract.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. Buyers are picky and they don’t want to pay a dollar more than they need to,” the report said. According to the brokerage, 6.5% the month prior.

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Sellers Buyers Inventory Real Estate Agent 516

Appraisal Buzz

JULY 24, 2024

This trend is contributing to a glut of unsold inventory. The growing number of homes sitting on the market without finding buyers is attributed to record-high home prices and elevated mortgage rates in the 7% range, which are deterring potential buyers. The rise in stale inventory is most pronounced in Texas and Florida.

Inventory 435

Inventory Marketing HOA Contracts 435

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

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Inventory Housing Market Marketing New Listings 505

Housing Wire

NOVEMBER 4, 2024

Although I was certainly nervous about the process, I knew I was far better prepared — and had far more resources and industry experts available for consultation — than most first-time buyers. I wanted to make sure I was comfortable with what the inventory in my price range might look like before I began taking up an agent’s valuable time.

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Agents Inspection Real Estate Sellers 435

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

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Inventory Housing Market Marketing New Listings 435

Appraisal Buzz

SEPTEMBER 16, 2024

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. Buyers have more options to choose from for two reasons. Beyond that, more inventory is becoming available enough to improve buyer negotiating power.

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Buyers Inventory New Listings Home Value 396

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.

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Real Estate Buyers Agents Sellers 497

Appraisal Buzz

SEPTEMBER 19, 2024

It’s a tough market for first-time home buyers, but they can still find ways to make their dream come true, according to NerdWallet’s Q2 First-Time Home Buyer Affordability Report. It’s not easy being a first-time home buyer. Buyers in the highest-priced markets will need higher-than-average incomes and larger down payments.

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Buyers Inventory Insurance Finance 360

Housing Wire

SEPTEMBER 17, 2020

compared to last year, according to Genworth Mortgage Insurance. Although buyer purchasing power has increased , many may not be able to find a home that’s affordable due to high home prices as a result of low inventory. During the second quarter, 539,000 single-family homes were purchased by first-time homebuyers, down 4.6%

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Buyers Insurance Finance Housing Market 448

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

SEPTEMBER 11, 2024

Other holding costs for real estate include taxes and insurance. According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. In particular, insurance can be a significant portion of monthly payments.

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Mortgage Insurance Inventory Buyers 468

Appraisal Buzz

OCTOBER 23, 2024

Just waiting for the market to correct and find balance,” wrote one Auction.com buyer, in response to a survey regarding the impact of market conditions on bidding and purchasing behavior at auction. The survey was conducted between Sept. A lot of customers also cited election-related uncertainties as a rationale for delaying purchases.

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Retail Marketing Inventory Buyers 370

Housing Wire

APRIL 14, 2023

The benefits of homeownership only accrue if first-time buyers can both successfully purchase a home at a reasonable price and remain in it for the long-term, weathering various economic cycles. However, buyers are contending with rising interest rates , high home prices and constrained inventory. Today, roughly $1.5

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Finance Buyers Insurance Housing Market 370

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.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Elevated mortgage rates and low inventory As of August 17, mortgage rates surpassed 7% as U.S. The National Association of Realtors (NAR) suggested a 2.2% million, according to its latest report.

Buyers 369

Buyers Inventory Realtors Housing Market 369

Appraisal Buzz

DECEMBER 30, 2024

Redfin reports a major reason for the jump in housing supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they seem overpriced. Theres a lot of inventory, but it doesnt feel like enough, said Meme Loggins, a Redfin Premier Real Estate Agent in Portland, Oregon. month-over-month, and 12.1%

HOA 221

HOA Inventory Real Estate Agent Contracts 221

Housing Wire

MARCH 5, 2025

High home prices : Investors are facing the same affordability challenges as other buyers. Slower price growth and rising inventory : A cooling housing market has made it less appealing for investors to flip homes for profit. Redfin also mentioned other factors have contributed to the pullback in investor activity. during the year.

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Investors Real Estate Investing Housing Market 339

Housing Wire

AUGUST 7, 2024

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. This is due in part to skyrocketing insurance costs in many parts of the country. home insurance rates jumped 11.3%

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Investors Real Estate Insurance Landlords 459

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. I really think until we see inventory move in our favor, it’s still going to be a tough market for a buyer.

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Buyers Housing Market Marketing Real Estate Agent 418

Appraisal Buzz

SEPTEMBER 4, 2024

According to a new study from Redfin , condo prices are falling in major Florida and Texas metros, as inventory piles up and buyers back off, as high HOA fees and insurance costs are making condos a tough sell in this current marketplace. In Houston, condo inventory is up 35.9%, pending sales are down 35.3%

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HOA Insurance Inventory Investors 397

Housing Wire

JANUARY 30, 2025

But one impact that Cook has observed in his own business at least anecdotally is an apparent mistrust that older buyers have for new construction. So, even as you’re thinking about housing inventory , I can’t imagine a large number of baby boomers are building. Some feel like homes arent built like they used to be.

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Inspection Mortgage Construction Insurance 281

Housing Wire

NOVEMBER 22, 2024

What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs. The sheer amount of additional supply on the market has really given buyers more of a leg up,” she said. “I That’s a factor too of higher inventory.”

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Marketing Housing Market Property Taxes Construction 370

Housing Wire

OCTOBER 21, 2024

The lingering effects of inflation, bond market volatility, and lender caution have tempered any significant drop in borrowing costs, leaving many prospective buyers still priced out of the market. In Florida, rising insurance premiums tied to natural disasters like hurricanes can make homeownership more of a liability than an asset.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Real Estate News

APRIL 19, 2024

Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.

Inventory 298

Inventory Insurance Sellers Buyers 298

Housing Wire

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

MAY 20, 2024

Price reductions typically peak in November before resetting for the holidays and the fresh inventory in the spring. Both dynamics are elevated this year: more of the homes on the market have taken price cuts and the slope is pretty steep — meaning more homes each week are cutting prices because they don’t have offers from buyers.

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

APRIL 29, 2024

The bearish take is that there are many more sellers than buyers and inventory is rising. Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time. Housing inventory There are now 556,000 single-family homes on the market. That’s up 2.4%

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

MAY 7, 2024

“Home prices increased again this March beyond the typical seasonal uptick, despite mortgage rates reaching this year’s high and the affordability crunch continuing to keep many prospective buyers on the sidelines,” Selma Hepp, chief economist for CoreLogic, said in a statement.

Inventory 459

Inventory Insurance Buyers Mortgage 459

Appraisal Buzz

JUNE 11, 2024

In a strange turn of events, one part of the East Coast real estate market is cooling faster than the rest of the country, while markets such as Rochester and Buffalo, New York are heating up by attracting buyers with relatively low prices. In Cape Coral, inventory is up 64%, median price per square foot is down 2.9%, and 37.5%

Insurance 370

Insurance Construction Inventory Housing Market 370

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. Elevated mortgage rates slow demand so that inventory grows, but in years past, the total sales volume has been restricted by the limited supply. Let’s dig further into the details of the U.S.

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Inventory Contracts Sellers New Listings 476