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.

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Housing Wire

APRIL 22, 2021

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. There’s less than 30 days worth of inventory for homes under $300,000 right now.” “It’s just an inventory problem right now,” Sutton said.

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Housing Wire

JUNE 8, 2021

With tightened housing stock supply, the competition for home buyers is fierce this year. One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending.

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Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

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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. A lot of customers also cited election-related uncertainties as a rationale for delaying purchases.

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

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Housing Wire

OCTOBER 28, 2021

“It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. Presented by: Auction.com.

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Housing Wire

SEPTEMBER 23, 2022

Contrary to their portrayal as indiscriminate buyers of properties far and wide, providers of single-family rental homes are working diligently to respond to the demand for quality, affordably priced rental housing in safe, well-located neighborhoods. of the nation’s total housing inventory. Rather, large companies own less than 1.5%

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Appraisal Buzz

FEBRUARY 12, 2025

According to January Redfin data, buyers nationally might have greater negotiating leverage than they have in a number of years: The typical U.S. Political and economic uncertainty is another reason some would-be buyers are pumping the brakes. home is selling for 1.8% MIA Market is on the Map But Are Homes Selling? There are five U.S.

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Housing Wire

OCTOBER 25, 2021

In addition, with one-third of homes stayed on the market for less than a week and inventory was down 13% from a year prior. “Buyers also aren’t having to offer as much above the asking price as they were in the spring, when competition in the housing market was peaking. and, Hartford, CT and Sarasota, FL both at 39.1%.

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Appraisal Buzz

JULY 30, 2024

The report notes that vacant or uninhabitable homes that have been flipped contribute new inventory comparable to new construction. Investors are selling these flipped homes at an average of 21% below the market sales price, making them an attractive option for buyers. Boston investors sold flips at 7.8% below the median sales price.

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Housing Wire

JUNE 10, 2024

Meanwhile, inventory levels remain at historic lows that contribute to a severe lack of affordability across the country. By and large, seniors are opting to remain in their homes — and even to undertake significant renovations to them — to avoid moving to such facilities, according to recent reporting from The Associated Press.

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Housing Wire

JULY 23, 2021

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. Jumbo products.

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Housing Wire

OCTOBER 15, 2020

The good news is that there is plenty of demand for vacant properties, from both nonprofit and for-profit buyers. Seeking new inventory sources. Beniston noted demand is also strong for rentals that YNDC has renovated after purchasing in distress. But now gentrification is an issue.”. We have a plan for every parcel.”.

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Housing Wire

JUNE 28, 2023

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

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Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans.

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Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza. in 2009.

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Appraisal Buzz

JUNE 14, 2024

In a landscape marked by limited turnkey housing inventory, significant affordability issues, and relentless competition from cash-rich investors, homebuyers need more than plain vanilla home loans. This represents a competitive challenge for buyers relying on financing.

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Housing Wire

JUNE 3, 2022

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. “If Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle?

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Construction Renovations Transportation Real Estate 482

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Four renovations to consider before selling your house. A whopping 63% of sellers are also buyers, which poses yet another concern. With housing market inventory so low and home prices rising, how will homeowners find a replacement property once their house is sold? Health concerns.

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Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

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Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices.

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Mortgage Real Estate Agent Renovations Finance 493

Housing Wire

JULY 30, 2021

Due to low inventory, sellers are able to put their homes up at a higher rate. And with today’s low interest rates, buyers have been rushing to purchase what’s available. If you’re a buyer, you want to make sure you’re purchasing a home that’ll increase in value. The same can be said about upgrades.

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Renovations Buyers Sellers Investing 505

Housing Wire

SEPTEMBER 24, 2021

To make matters worse, some of that inventory is extremely dated. As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase.

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Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. How interest rates impact your clients Let’s look at how interest rates can impact buyers, sellers or homeowners looking to refinance.

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Housing Wire

FEBRUARY 28, 2022

The heightened demand has put a strain on Annapolis’ already tight housing inventory, causing properties that would have previously held narrow appeal to go faster than expected. “I I had one home recently that needed major cosmetic renovations and it ended up get-ting multiple offers, so it is still super competitive here,” she said.

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Housing Wire

MAY 30, 2024

My advice for those buyers is to be open-minded: Consider single-family homes that are a bit outdated but don’t need major renovations, and/or homes in lesser-known, non-trendy neighborhoods. Buyers who can get by with less space should consider a condo; they’re relatively unpopular right now and many are going under asking price.”

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Renovations Buyers Real Estate Mortgage 497

Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. iBuying appears to be back, after the nation’s top iBuying companies purchased 4,383 homes in the first quarter of 2021 — up 20.6%

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Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

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Mortgage Renovations Appraisal Process Finance 468

Housing Wire

MARCH 28, 2025

Predictive analytics in real estate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Calculators: Estimate renovation and dwelling additions costs to assist in budget and investment strategies.

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Real Estate Tools Real Estate Agent Sellers 344

Housing Wire

JULY 10, 2024

Market Inventory: What is the current market and micro-market inventory? Seller / Buyer/ Balanced). Understanding the type of market you’re in and the current inventory are significant pieces of information that can help you determine the selling price of a property. ” Copy to clipboard Step 3.

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Sellers Real Estate Agents Clients 435

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory. For the same period this year, the company has 4,007.

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Marketing Inventory Renovations Investors 448

Appraisal Buzz

OCTOBER 2, 2024

Nearly three-fourths of homeowners are hoping to move, but due to the current market conditions, many are putting their plans on hold, creating a backlog of buyers. The lack of housing inventory is also a major issue, as 27% of homeowners cancelled or delayed their move because they couldn’t find a suitable new home.

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Renovations Housing Market Home Improvement Inventory 370

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. Refinance application volume slightly decreased following an 11% jump last week, and purchase application volume decreased again, reflecting the ongoing lack of inventory that continues to drive rapid home-price appreciation across the country.”.

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Appraisal Buzz

JUNE 3, 2024

Buyers have found some relief, however. Low inventory is another factor pushing down sales. more new listings hit the market than during the same period last year, listing growth has been losing momentum for the last few months, leaving buyers with fewer homes to choose from than there typically are in May. “The Even though 7.8%

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Sellers Renovations Buyers New Listings 305

Housing Wire

APRIL 14, 2022

“As Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the pursuit of homeownership the most expensive in a generation.” The 5-year ARM averaged 3.69% with buyers on average paying for 0.3 The product averaged 2.80% a year ago.

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Mortgage Government Renovations Buyers 448

Appraisal Buzz

AUGUST 5, 2024

According to Auction.com, because buyers at distressed market auctions are anticipating retail market conditions three to six months into the future, bidding behavior at those auctions provides a reliable forward-looking indicator of trends in retail home price appreciation.

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