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.”

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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. From 2022 to 2023 alone, rates rose 15%.

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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

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Appraisal Buzz

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.

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Housing Wire

DECEMBER 11, 2024

“One of the main reasons we have been able to grow and expand is because buyers and sellers are demanding our high level of service. Ernie Becker has more than a decade of experience in real estate across several organizations including Keller Williams Realty. For-sale inventory is up 17.1%

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Housing Wire

APRIL 25, 2024

I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We Buyers are really struggling.” We are going to see an increase in inventory. But rising prices are not the only financial challenge buyers are having to contend with right now.

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Housing Wire

APRIL 22, 2021

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. I’ve had a few couples from New York — Manhattan and Brooklyn — that come down here armed with cash, but inventory is low and there’s nothing for them.

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Housing Wire

MARCH 26, 2025

Despite the headlines , Phillip Cantrell, the founder of Benchmark Realty, characterized the move as a nothing burger. We have been vocal in our position on Clear Cooperation, advocating for reform that balances buyer visibility and seller choice, an Anywhere spokesperson wrote in an email. It is just classic NAR propaganda.

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Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

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Housing Wire

OCTOBER 13, 2021

“Low interest rates and high rent prices are certainly partially responsible for the strong demand we have seen,” local eXp Realty agent Tiffany Lee said. “Of I have been getting buyers from Ohio, California and all over.”. For local buyers, many of whom are first-time homebuyers, this has resulted in serious competition.

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Housing Wire

SEPTEMBER 30, 2020

“There’s a lot of homeschooling going on in this hybrid world, and it’s difficult,” Realtor Vesna Kanacki with Century 21 Full Service Realty in New City, New York, told HousingWire. Jackie Merchant, Realtor at Coldwell Banker Realty in Sacramento-Sierra Oaks, said she doesn’t think her market will be slowing down anytime soon.

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Housing Wire

FEBRUARY 23, 2024

Local agents attribute at least some of the market’s hotness to the inventory situation. It’s bad, like really bad,” Doug Danzey, the leader of the eXp Realty brokered teamerage The Cobalt Group , said. “We I think the big driver of the lack of mobility and inventory in today’s market is the interest rates,” Stella said.

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Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed. Competition heats up In 2019, Watson Realty Corp.

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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.”

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Housing Wire

MARCH 3, 2025

I think they’re inviting a class-action lawsuit by sellers who get hurt in this very concentrated effort and maybe a visit from the Department of Justice , Leo Pareja , the CEO of eXp Realty , said recently on his firms fourth-quarter 2024 earnings call with investors. Pareja isnt the only executive who feels this way.

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Housing Wire

APRIL 24, 2024

Despite the population growth, Dallas has still had to contend with the realities of high mortgage rates and tight housing inventory — factors that have mortgage lenders , brokerages and other real estate professionals fighting for their share of shrinking pies. In the past five years, eXp Realty has done just that.

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Housing Wire

AUGUST 10, 2020

As new contract signings are outpacing new listings due to low inventory, properties sold typically within 26 days in the four weeks leading up to August 2, NAR said. Homes on the market sold four days faster year over year, as total inventory is down 35%. Now, agents are showing and selling nonstop.

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Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory. Last year was a tough one for the Indiana real estate market. 23, 2024.

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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 Wire

APRIL 12, 2024

Sellers will want top dollar for their property, but we are seeing buyers starting to look at negotiating things like closing costs or buying down their interest rate,” said Jessica Huber , a Keller Williams Realty First Choice agent based in Prairieville. Altos classifies scores above 30 to be indicative of a sellers’ market.

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Housing Wire

NOVEMBER 18, 2020

Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. Duryea said that a lot of buyers prefer turnkey homes, or fully furnished homes because they don’t want to spend money shipping personal items.

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Housing Wire

SEPTEMBER 9, 2024

This places Miami among the top-tier real estate markets in the country, attracting both local and international buyers and driving intense competition among real estate agents. The limited inventory and high demand in this ZIP code contribute to its considerable property values. As of Sept.

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Housing Wire

AUGUST 28, 2020

In the age of COVID-19, Peck Barham knew that prospective home buyers would pepper him with questions about home offices as they decamped downtown Birmingham for the spacious suburbs. And about 70% of the people he works with are getting pools installed, specifically buyers with older kids.

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Housing Wire

JUNE 20, 2024

Local agents say this is one of the main reasons why the state is struggling with housing inventory. Despite the state’s tight inventory, the housing market is not as hot as one might expect. Buyers are taking their time and they definitely are being pickier,” Wallace said. They don’t want to give up their 3% rate for a 7% rate.”

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Housing Wire

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace.

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Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP.

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Housing Wire

SEPTEMBER 9, 2020

Time waits for no buyer in the suburbs. With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. “The property comes on within 24 hours, and if it meets your buyers criteria you want to get them out to see it.”

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Housing Wire

DECEMBER 28, 2021

The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” July was the plateau.

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Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday.

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Housing Wire

DECEMBER 10, 2020

Michael Martin, broker and owner of Des Moines Realty Group , said that there has been an increase in new construction, with home price points ranging from $250,000 to $300,000, which also attracts first-time homebuyers. Housing inventory in the Des Moines housing market is tight. So, it’s been absolutely nuts.”.

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Housing Wire

DECEMBER 3, 2020

months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days. Steven Caporale, founder and principal of Accel Realty Partners in Boise, has been in the industry for 25 years and said he’s never seen the housing market look like this. “In

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Housing Wire

FEBRUARY 22, 2024

The hope is that a potential cooling of interest rates will contribute to a stronger market in 2024, according to Florida Realtors President Gia Arvin, a broker-owner with Matchmaker Realty in Gainesville. But the addition of new inventory has also pulled the Florida housing market out of multiyear lows.

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Housing Wire

JULY 29, 2024

There is still moderated demand from buyers, but there are a lot of people just sitting on the sidelines right now because housing affordability and rates are playing a big role in people’s decisions.” 2021 This slowdown has been a boon for buyers who are still in the market. a year prior and the 51.72 recorded in July 2022. “We

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Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. This is shifting the market toward buyers.

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Housing Wire

NOVEMBER 6, 2020

Inventory is too low, people need to decide to sell their houses,” Buchbinder told HousingWire. There are] a lot more buyers than there are sellers right now, causing an increase in purchase prices,” Buchbinder said. “A But the amount of buyers still definitely outweigh the listings that are out there. Presented by: TMS.

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Housing Wire

SEPTEMBER 30, 2021

“This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City. “It Aubuchon says buyers are making too many concessions. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.”

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Housing Wire

SEPTEMBER 10, 2024

Despite this current inventory, Illinois as a whole has experienced a significant decline in available homes compared to pre-pandemic levels. This substantial reduction in inventory has intensified competition among Chicago’s more than 15,000 licensed real estate agents, making it increasingly challenging to secure listings and clients.

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