Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. This dovetails with recent pending sales data from the National Association of Realtors. First-time buyers with smaller budgets, in particular, are likely to have more choices. year over year to $429,990.

Inventory 453

Inventory Buyers Sellers Mortgage 453

Housing Wire

NOVEMBER 4, 2024

The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. In a bidding war, cash buyers and investors will win, and first-time buyers will lose.

Buyers 296

Buyers Sellers Agents Real Estate 296

Housing Wire

APRIL 1, 2024

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. Our strategy is simple – be the independent source of information housing leaders seek first, and trust the most,” Clayton Collins, HousingWire CEO, said. “By

Realtors 433

Realtors Brokerage Tools Inventory 433

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. NAR has also advocated for the VA to change its rule around buyer broker compensation.

Buyers 523

Buyers Agents Real Estate Agent Real Estate 523

Housing Wire

JULY 24, 2024

RealReports , a proptech firm that offers an artificial intelligence-based platform for property data , announced a new partnership this week with the San Francisco Association of Realtors (SFAR) to provide access to its tool to an estimated 5,000 members in the Bay Area. Inventory is low, rates remain high, and lawsuits abound,” Gorman said.

Realtors 437

Realtors Tools Real Estate Agent Real Estate 437

Housing Wire

APRIL 15, 2024

Taking the top spot as the greatest challenge was low inventory , with nearly half (49%) of respondents ranking that as their biggest challenge. I tell sellers we can expose their home to a broader market by offering a buyer agent compensation,” one respondent wrote.

Inventory 432

Inventory Agents Real Estate Sellers 432

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.

Buyers 429

Buyers Inventory Landlords Real Estate 429

Housing Wire

MARCH 27, 2024

The National Association of Realtors (NAR) urged the U.S. With the settlement, NAR agreed to abolish its “Participation Rule” that required listing agents to make an offer of compensation to buyer brokers. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In

Buyers 476

Buyers Real Estate Agent Inventory Real Estate 476

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.

Buyers 444

Buyers Marketing Inventory Investors 444

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Tightened supply was largely responsible for a 10.6% and West (96.9)

Inventory 511

Inventory Contracts Housing Market Buyers 511

Housing Wire

JANUARY 20, 2022

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. According to NAR , low inventory is partly to blame for the homebuyers looking at fewer homes than before.

Buyers 448

Buyers Inventory Open Houses Technology 448

Housing Wire

OCTOBER 15, 2024

Although the decision is ultimately highly personal and based on a buyer’s budget, needs, and preferences, there are a few things agents need to consider to help them make the best decisions. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.

Construction 467

Construction Buyers Agents Marketing 467

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 505

Inventory Contracts New Listings Mortgage 505

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

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

Insurance 432

Insurance Inventory Marketing Real Estate 432

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At We are still going to suffer from lack of inventory.”

Housing Market 457

Housing Market Buyers Agents Marketing 457

Housing Wire

JULY 22, 2021

million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% Sales climbed 22.9%

Inventory 508

Inventory Buyers Realtors Construction 508

Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. All cash buyers now stand at 24%. Historically 2.5

Realtors 416

Realtors Housing Market Marketing Buyers 416

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

Inventory 357

Inventory Housing Market Marketing Real Estate 357

Appraisal Buzz

JUNE 21, 2024

million, according to the National Association of Realtors (NAR). increase in inventory. Eventually, more inventory will help boost home sales and tame home price gains in the upcoming months,” says Lawrence Yun, chief economist for NAR, in a statement. Existing-home sales decreased 0.7% The decrease in sales comes despite a 6.7%

Inventory 195

Inventory Buyers Realtors Appraisal 195

Cleveland Appraisal Blog

APRIL 26, 2023

With a shortage of housing inventory persisting, some are resorting to building their own home. If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. This frees up time for buyers to focus on other aspects of their lives. Hello friends!

Realtors 271

Realtors Buyers Real Estate Agent Appraisal 271

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement.

Buyers 485

Buyers Housing Market Sellers Inventory 485

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. NAR lists the current inventory at 1.22 million, with a peak in 2007 a tad over 4 million.

Inventory 492

Inventory Marketing Housing Market New Listings 492

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 487

Inventory Renovations Real Estate Government 487

Housing Wire

APRIL 22, 2021

For the second consecutive month, existing-home sales fell, according to the latest National Association of Realtors report. Consumers are facing much higher home prices, rising mortgage rates, and falling affordability, however, buyers are still actively in the market,” said Lawrence Yun, NAR chief economist. All four major U.S.

Inventory 476

Inventory Buyers Realtors Investors 476

Housing Wire

OCTOBER 8, 2021

from a year ago to $356,700, according to the National Association of Realtors. Renovated Inventory to the Rescue. The analysis also suggests that most distressed property buyers are performing extensive rehab before reselling, and that most renovated homes are being resold to owner-occupant buyers. Skyrocketing U.S.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Appraisal Buzz

SEPTEMBER 23, 2021

in August compared with July, according to the National Association of Realtors (NAR). The post Existing-Home Sales Fell in August as Buyers Waited For Inventory appeared first on Appraisal Buzz. Due mainly to lack of supply, existing-home sales fell 2.0% The decrease follows two straight months of increases. from a year ago.

Inventory 195

Inventory Buyers Realtors Appraisal 195

Housing Wire

AUGUST 22, 2023

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

Buyers 330

Buyers Inventory Realtors Housing Market 330

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. But buyers shouldn’t get too excited. In August, 58.8% million and 1.92

Buyers 468

Buyers Inventory Real Estate Agent Sellers 468

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

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. times potential first-time buyer income) Detroit (2.9)

Buyers 273

Buyers Advertising Inventory Home Value 273

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. The available inventory of existing homes rose by 22% year over year in Q3 2034. New construction inventory has grown in recent months. Census Bureau. million units.

Marketing 318

Marketing Inventory Construction Realtors 318

Housing Wire

SEPTEMBER 30, 2024

We are not seeing that same buyer frenzy we were seeing six months ago,” said Audra Fontanella, the broker-owner of Bergen County-based RE/MAX Venture Realtors. “We I am currently dealing with more buyers than before, but there is less pressure right now on buyers to pull the trigger and put in an offer on something.”

Housing Market 337

Housing Market Marketing Inventory Agents 337

Housing Wire

SEPTEMBER 19, 2024

million, according to the National Association of Realtors (NAR). Sluggish sales left total housing inventory at 1.35 Despite inventory being considerably higher than last year, the median home price rose 3.1% Buyers who waited may be glad that they did,” Realtor.com chief economist Danielle Hale said in a statement.

Inventory 431

Inventory Housing Market Inspection Sellers 431

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents.

Buyers 415

Buyers Agents Loan Officers Real Estate 415

Housing Wire

SEPTEMBER 25, 2024

Current home price data shows that affordability remains one of the biggest challenges for buyers today, particularly when coupled with persistently high interest rates. Given what is indicated in the National Association of REALTORS report on international transactions, it may not be the buyer you expect.

Investors 432

Investors Construction Real Estate Inventory 432

Inman

OCTOBER 30, 2024

Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.

Buyers 160

Buyers Contracts Inventory Mortgage 160