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.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. 14,000 of those new listings are already in contract.

Sellers 468

Sellers Housing Market Buyers New Listings 468

Housing Wire

JANUARY 29, 2024

Homes in contract rises There are more homes in contract now than last year at this time. I think this trend is durable, but it’s definitely not a guarantee. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. That’s the active inventory across the country.

Contracts 448

Contracts Inventory Housing Market Mortgage 448

Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. As a result, inventory is higher and future sales price indicators are also softer than they were a year ago. Home prices aren’t falling but the growth signals are definitely softening.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

SEPTEMBER 12, 2023

New contracts dipped as affordability is out of reach for so many. Inventory is very low and just inching up now week over week late in the summer. Inventory up slightly There are now just over 509,000 single-family homes active unsold on the market. Before that change, it looked as though inventory had peaked for the year.

Contracts 435

Contracts Inventory Housing Market Buyers 435

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Will we get more inventory? The strategy has changed for buyers.

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

AUGUST 1, 2023

or 8% range, then there is definitely downside risk for home prices. In the light red line of the chart, you can see how the seasonal discounting definitely accelerated in 2022. The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. In 2022 there were 418,000.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. You set your appointments the night before, and when you get there that morning, they might already be under contract.” year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

JUNE 28, 2024

We still have low inventory, but also not a lot of buyer activity, and now I’m seeing more inventory come on the market and still not as much buyer activity. Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

DECEMBER 19, 2022

Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said. Ward said this slowdown has led to an increase in housing inventory. We have about 2.6

Marketing 434

Marketing Inventory Buyers Housing Market 434

Housing Wire

MAY 21, 2024

Research local market trends Stay informed about local market trends, such as inventory levels, demand, and median home prices. A real estate attorney can provide guidance on local laws, review contracts, and ensure that your interests are protected throughout the home-buying process.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Housing Wire

OCTOBER 23, 2020

Contracts during this time also skyrocketed 62%. While the Palm Beach housing market has not seen a lot of bidding wars, Koch said that a lot of the inventory has been absorbed and properties are getting multiple offers. Since it’s a summer destination, Palm Beach’s busy season for home-buying starts on Nov.

Housing Market 537

Housing Market Marketing Real Estate Agent Real Estate 537

Housing Wire

MARCH 14, 2025

There is currently an inventory of 642,359 properties. The top benefits agents provided to homebuyers was helping understand the process (61%), pointing out unnoticed features/faults with property (58%) and negotiating better sales contract terms and providing a better list of service providers (e.g. home inspector) (both 46%).

Real Estate 358

Real Estate Marketing Real Estate Agent Sellers 358

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Interest rates going up definitely cooled the market, but overall, that is not the problem.” economy remains hot.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Housing Wire

JANUARY 10, 2024

Exclusivity: No Trial period: None specified Contract requirements: None specified zBuyer Best for: Customer service Visit zBuyer zBuyer offers a suite of tech-forward features, such as email and SMS marketing, an IDX website and marketing assistance, in addition to its real estate lead generation services.

Real Estate 447

Real Estate Real Estate Agent Tools Agents 447

Housing Wire

NOVEMBER 2, 2023

While its expensive setup fee and contract terms may not be ideal for all agents, Zurple’s emphasis on lead quality, lead prioritization and automated nurturing campaigns make it suitable for real estate professionals aiming to streamline the efficacy of their email marketing efforts. Zurple is that assistant you’ve been looking for.

Real Estate 459

Real Estate Real Estate Agent Tools Agents 459

Housing Wire

OCTOBER 21, 2024

Prior to the implementation of the current CCP in May 2020, listing brokers had two business days from the signing of the listing contract to either enter the listing into the MLS as “active” or submit a listing exclusion form, which had to be authorized by the seller, to the MLS.

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Housing Wire

MAY 30, 2024

But we are definitely supporting a market that already exists — they don’t use real estate agents anyway. The first is that we invite buyer’s agents into the platform, so we’ve opened up this inventory to them. How do you look at that? BR: On the surface, it does appear that way.

Real Estate Agent 448

Real Estate Agent Real Estate Sellers Technology 448

Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. This could translate to a higher commission, depending on how your contract with the seller is written. A reason to call your buyer leads.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. Brokerages Invest in Tech.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

Housing Wire

MARCH 15, 2024

According to VanFossen, that’s a “definite potential outcome that a lot of mortgage lenders are looking at, legally and in a compliant manner,” including Absolute Home Mortgage, which is doing tests with this dual-licensing structure.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now. The median time a home is on the market before contracting is 6 days.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. So, it was not only hard to find deposits, but they’re expensive.

Mortgage 435

Mortgage Marketing Investors Lending 435

Housing Wire

JUNE 15, 2022

“Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs.

Mortgage 397

Mortgage Investors Clients Marketing 397

Housing Wire

APRIL 21, 2022

Last May, Sam Khater, chief economist for Freddie Mac , the government-sponsored enterprise and mortgage purchaser, issued a report with the grim conclusion: “Inventory of both new and existing homes for sale is currently at a historical low.”. “They’re stressed on so many fronts right now.”.

Construction 418

Construction Supply Chain Investors Business 418

Appraisal Today

NOVEMBER 1, 2024

In my opinion, this definitely increases risk for consumers, GSEs, the economy and the real estate market. While near-term purchase application activity has weakened, we continue to expect housing demand from younger homebuyers to support purchase growth over the next few years as for-sale inventory loosens gradually.” percent from 6.52

Appraisal 86

Appraisal Training Contracts Mortgage 86

Appraisal Today

JULY 1, 2023

Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). It began with a summary of the definitions of highest and best use versus the definition of market value. percent from 6.73

Appraisal 89

Appraisal Contracts Market Value Mortgage 89

Empire Appraisal Group

AUGUST 8, 2024

WASHINGTON – It is definitely best to price your home correctly as soon as the listing goes live. If you actually get it under contract, the appraisal could come in low, causing the lender to be unwilling to loan on the home. Pricing a home correctly will avoid any problems when it’s time for the appraisal.

Real Estate 78

Real Estate Sellers Buyers Market Value 78

Miller Samuel

MARCH 19, 2019

Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). That definition does not sound like a primary residence to me.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Further, should contract price be the metric by which appraisal values are measured?

Appraisal 80

Appraisal Contracts Architecture Mortgage 80

The Robert Weiler Company

APRIL 20, 2021

The process, however, is much less straightforward than the definition. Let’s unpack the definition of tangible assets and intangible assets. This is because the owner is subject to the franchise contract, which tends to influence how the business is sold. So, how are businesses valued? Scratching your head? Securities and cash.

Valuation 147

Valuation Business Buyers Market Value 147

Chicagoland Appraisal Blog

JULY 13, 2017

The title is definitely eye-catching especially to an appraiser in Chicago. We are required to analyze the contract and where do you think contract analysis begins? How are property values trending, what are current inventory levels, etc? Let me clear up a misconception, you can provide information to the appraiser.

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

Appraisal Today

MARCH 1, 2024

Both inventory levels and new listings increased significantly in recent months, leading to an 18 percent increase in sales and a 1.6 Even more telling, contract signings for homes priced at $1 million or more have increased by 11 percent over last year, and demand remains high among affluent buyers. Definitely a high appraisal fee!

Appraisal 79

Appraisal Contracts Business Marketing 79

Raleigh Realty

FEBRUARY 19, 2022

Not only does this help new agents learn all the inventory in their local markets but it also gets them familiar with driving through all the subdivisions and neighborhoods. Be careful with marketing programs that need 6 months or even one-year contracts. Do read the fine print about canceling the contract.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Appraisal Today

FEBRUARY 28, 2025

Regardless of the definition, neither tends to succeed by marketing to their customers based only on speed of services. Increasing for-sale inventory in some markets has provided prospective buyers more options as we approach the spring homebuying season. The average contract interest rate for 5/1 ARMs decreased to 6.05

Appraisal 55

Appraisal Real Estate Contracts Training 55

Eppraisal

DECEMBER 6, 2022

Inflation The nutshell definition of inflation is the decreasing purchasing capacity of money. Given the fact that the available inventory of houses is relatively modest -- and has been for a number of years -- it is little surprise that overall home value inches up.

Real Estate 69

Real Estate Marketing Home Value Realtors 69