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McCormick said the usual steadiness of the states housing market and Chicago s relative affordability compared to other large cities are major draws for many of her clients. In order to alleviate some of the pressure on buyers, agents like JD Gieson would love to see more inventory come on the market. As of Jan.
The market continues to grapple with insufficient inventory , Redfin reported. New listings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels. Simultaneously, persistently high housing costs have driven pending home sales down by 4.2%
Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. I do not think this trend will go away overnight, even with mortgage rate stability and new inventory in the market. Home building is expected to increase in 2025.
He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients. Close one loan for a real estate investor and you have a repeat client for life! Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory.
Real estate agents in the area put their business interests aside , and many reported helping their clients board up their homes and ensure they were prepared for the aftermath. While all five cities showed an inventory drop during the weeks immediately before and after the hurricane, the largest declines were less than 10%.
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. His message to realtors is clear: now is the time to educate clients and take advantage of market inefficiencies to unlock success in Q4. When demand rises faster than inventory, prices will surge.
No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I Out in Wise, Virginia, near the westernmost tip of the state, RE/MAX Cavaliers agent Brett Tiller and his clients are also struggling to find suitable properties.
I was showing my client a home recently listed at $599,000, and to purchase the home today compared to three years ago is a difference of $1,400 in their monthly mortgage payment. For Fleischmann’s buyer clients, mortgage rates really seem to be a problem when houses need updates. “If It is inventory. For Campos, the No.
Ive been doing this since 2005 and I tell clients that Ive never seen a market like this, so we have to navigate it together. But on a comparable home, another of her clients had an offer below the asking price accepted. Its unpredictable, said Teena Jackson, a Redfin agent in Cincinnati.
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
Leahy cited access to exclusive inventory through Compass Private Exclusives as a reason for the move. “Compass empowers sellers to market their homes on their terms and gives buyers access to inventory unavailable elsewhere,” Leahy said in a statement. ” In 2023, Leahy and her team did $167.6
As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. After all, what good is a work-from-home job without a cozy home to work from?
Final Offer said the addition of Private Collection adds more than $1 billion in off-market inventory to its platform. “With full integration into Final Offer, buyer agents can share and comment on exclusive listings and then make offers and negotiate the transaction seamlessly within one integrated platform.”
Taking the top spot as the greatest challenge was low inventory , with nearly half (49%) of respondents ranking that as their biggest challenge. Some agents also reported that they show their seller clients what other sellers in the area were offering in terms of buy-side commissions. “I
With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. Additionally, rate buy-down incentives are playing a major role in helping move new home inventory.
Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If As of Feb. Across the state, as of Feb. 1 through Dec.
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.
Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.
Many cited unpredictable income and difficulty finding clients as major drawbacks, though they valued the professions entrepreneurial independence. Low housing inventory (42.8%) and shrinking commissions (42%) also ranked high on the list of concerns. identifying it as a major issue. Reports of discrimination increased in 2024.
Statara has spent two decades refining its data capabilities, allowing clients to launch campaigns faster than with third-party platforms, he added. Our goal is to give clients full visibility.” ” The platform also includes artificial intelligence -powered inventory filtering to ensure ads appear on reputable sites.
To give a complete view of a local market in the context of national trends, the new chart features include inventory, median list price, average days on market, price reductions, price percentage increases, median rent, and more. Subscribers can select the most relevant information to display on their customized homepage.
I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
Why sales are falling through Redfin said several factors are contributing to the spike in failed transactions: Rising supply , falling demand : Housing inventory has climbed to its highest level since 2020, giving buyers more choices. These markets remain seller-friendly, with low inventory and limited buyer alternatives.
With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. Wax said about 50 to 60% of his clients are first-time homebuyers. Every single client scenario is different,” Marckwardt said. “[The
Compass shares our passion for empowering clients at every stage of their homeownership journey and has been a powerful leader in driving positive change within our industry, Thomas Anderson, president of Washington Fine Properties, said in a statement. It will continue to operate under its own brand and its leadership will be retained.
The ongoing lack of inventory (42.8%) and declining commissions (42%) are also significant challenges. Despite the growing concern about climate risks, fewer than 10% of agents report having received training on how to address climate-related issues with clients. rating it as a major concern.
The client can then select options A (private exclusive), B (coming soon) or C (on the MLS). These phases arent about helping sellers theyre about controlling inventory, he added. Buyers should have access to all available inventory without being forced to work with one particular company.
Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. When you buy through our links, we may earn a commission. So, where do you start? Why send a regular real estate newsletter?
Theres strong synergy between the luxury markets of Las Vegas and Southern California, and many of our clients invest in both. IS Luxury said it plans to leverage its experience in Las Vegas where it has set multiple price-per-square-foot records at the neighborhood level to serve affluent clients in Southern California.
Housing inventory is key Inventory is important in making the housing market more affordable, but it’s more complicated than just building more houses, McKeveny said. I have several clients who use forward commitments with homebuilders to drive origination volume. There’s really no shortage of demand, Hale said.
A more efficient and intuitive customer relationship management system (CRM); tools to create better marketing materials; streamlined client communications; and a place to manage the deal pipeline, transactions, and checklists in one place. Consumers purchase homes, but Compass touts its technology among prospective real estate agents.
The prediction by one of the nation’s leading marketplaces for distressed assets, is based on a survey of some 50 Auction.com clients, including private-sector mortgage servicers and government-sponsored enterprises (GSEs). How borrowers can stay afloat with home equity products during difficult economic times.
2023 was a difficult year for Realtors due to high mortgage rates and low housing inventory, which significantly impacted home sales volume,” Jessica Lautz, NAR’s deputy chief economist and vice president of research, said in a statement. More experienced agents benefit from repeat clients. million per agent in 2022 to $2.5
So, even as you’re thinking about housing inventory , I can’t imagine a large number of baby boomers are building. Such quality concerns could be keeping some baby boomer clients from moving into newly constructed homes, Cook said. Some feel like homes arent built like they used to be.
Meanwhile, the marketplace data strongly suggests that an increase of office exclusive listings has the potential to harm prospective buyers and sellers by limiting access to information and creating a fragmented inventory system. DelPrete said exclusive inventory is not exclusive forever, adding that pre-marketing might be a better label.
1 brokerage by transaction side count announced the launch of eXp Exclusives , which will be open to eXp agents and their clients in the U.S. Through eXp Exclusives, participants will be able to share off-market and pre-market listings with other eXp agents and their clients through a mobile app. On Tuesday, the nation’s No.
Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. Editor’s note: This is the third in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct.
But Bregman also agrees with Miller and other industry professionals that if proper disclosures are not made to clients, agents could be opening themselves up to liability. Mindful approach needed Much of the legal concerns expressed by Pareja and Dwiggins lies in how the option to list a property off the MLS is presented to sellers.
Property partners can upload available units there, and local nonprofit service providers and clients can find vacant inventory in real time. Through this partnership, the Zillow Rentals platform hosts the Housing Connector search platform.
The policy was a response to a proliferation of pocket listings and a rapid decline in housing inventory on the MLS, despite a large number of transactions still occurring. People just started holding back inventory. Compass’ data feed from NWMLS was restored on April 17, 2025.
And several loan officers who spoke to HousingWire this week said they had clients lock rates in the 5.1% The problem, of course, is inventory. National inventory of active listings declined by 18.9% The inventory of active listings was down 62.3% In large metros, median listing prices grew by 9.1%
CRMLS said it already supports the spirit of the new rule through its existing active listing status, which permits brokers to withhold listings from internet distribution if their clients request it. A broker cooperative needs to provide meaningful services to all of its subscribers, their clients and other stakeholders, he wrote.
Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Construction loans Inventory levels in the real estate market arent what they used to be. Deephaven offers training resources to instruct loan originators on offering non-QM loan products to clients.
If I am an agent in France and I want to show my customer all available properties, I would have to go to at least eight different sites to see just roughly 70% of all the available inventory, Pareja said. By not allowing agents to market off the MLS when their client wants them to, Northwest MLS is in effect asking agents to break the law.
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