Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). The CFPB is had a field hearing in St.

Contracts 367

Contracts Investors Sellers Lending 367

Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. You just learned the basics of handling seller concessions!

Sellers 418

Sellers Real Estate Appraisal Finance 418

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. When you include the 9,400 immediate sales, the total is 13% more sellers than a year ago. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away. Sellers could dip again next week.

Inventory 393

Inventory New Listings Sellers Contracts 393

Housing Wire

JANUARY 6, 2025

In those times, we just had far more buyers than sellers. So lets take the opportunity to look at a slightly different view of seller volume. These are new listings that take offers within a couple days of listing and go into contract immediately. There are 260,000 single-family homes in contract right now. Thats only 2.3%

Inventory 448

Inventory New Listings Contracts Sellers 448

Appraisal Buzz

FEBRUARY 21, 2025

Under a lease-purchase arrangement, the property seller also acts as the landlord. The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period. Market Embraces Wave of Business Players About 2.4 million U.S.

Landlords 221

Landlords Tenants Contracts Law 221

Housing Wire

DECEMBER 9, 2024

Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. However, in most of the country, we have no growth from the seller side. In Florida and Texas, we see the rising costs of insurance , taxes and climate risk driving some sellers. more sellers than the same week a year ago.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

NOVEMBER 1, 2024

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

AUGUST 1, 2024

But it will be their sellers who make the decision on an offer of compensation to a buyer broker. In the agreement, sellers have the option to choose to pay their listing broker an exact dollar amount, a percentage of the gross purchase price of the property or an undefined “Other.”

Sellers 448

Sellers Buyers Agents Law 448

Housing Wire

NOVEMBER 4, 2024

The homes I toured all went under contract within a week of being listed and, so far, at least two have sold for more than $20,000 over asking price. In what I found to be a pleasant surprise, the sellers of the two homes I put offers in on were offering buyer broker compensation. I could have increased my offers.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

AUGUST 19, 2024

Several real estate groups recently criticized the Consumer Federation of America’s support for uncoupled buyer and seller agent real estate commissions, writing in HousingWire that, “CFA has seemingly lost sight of its core purpose advocating for those most in need of consumer protection.”

Real Estate 459

Real Estate Sellers Buyers Agents 459

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. There are more sellers now as rates have stayed higher for longer. There is still a sense of optimism that more sellers will help this market grow. That’s up 1.5% for the week.

New Listings 500

New Listings Contracts Inventory Sellers 500

Housing Wire

AUGUST 26, 2024

This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year. It also reflects that most homeowners in the country have cheap financing , so they can afford not to sell in unfavorable environments. That’s still roughly 9% more sellers than last year. That’s a notch of 2.5%

Inventory 468

Inventory Marketing Sellers New Listings 468

Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Pending home sales climb There are 362,000 single-family homes under contract. We’re showing 6% more homes in contract now than last year. Homes stay under contract for 30 to 40 days. The rate of home sales is picking up!

Mortgage 459

Mortgage Contracts Inventory New Listings 459

Housing Wire

OCTOBER 31, 2023

New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. There are far fewer sellers now than in any recent year. However, last year’s seller decline was much more steep.

New Listings 511

New Listings Inventory Contracts Housing Market 511

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. Enter the savvy seller. But what happens if consumers pivot away from buyer agents altogether?

Buyers 481

Buyers Agents Real Estate Agent Loan Officers 481

Housing Wire

DECEMBER 27, 2024

They handle property searches, showings, and contract negotiations. Sellers agents: Listing agents specialize in representing sellers. Teams that use Ylopo can give their agents a serious edge when it comes to reaching more buyers and sellers and turning leads into deals.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Housing Wire

JULY 23, 2024

The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. The surveyed agents also noted that affordability was the No.

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. That’s more new sellers this year than the same week a year ago, signaling a tiny improvement in our supply-starved housing market.

Inventory 476

Inventory New Listings Housing Market Sellers 476

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. In a controlled transaction there is an established relationship between the buyer and seller. Discuss financing. Does your buyer need to secure a mortgage ?

Market Value 459

Market Value Real Estate Agent Real Estate Finance 459

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482

Realtors Buyers Brokerage Real Estate 482

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. A few more sellers appear to be braving the market each week. We had 52,000 new pending sales this week. We had 52,000 new pending sales this week. That’s 5% more sales initiated than this time a year ago.

New Listings 508

New Listings Contracts Inventory Real Estate 508

Housing Wire

OCTOBER 24, 2023

There are fewer sellers now than any recent year. Housing supply shows no signs of easing There were 325,000 single-family homes in the contract-pending stage, or 6% fewer home sales than last year. Meanwhile, we saw 55,000 new contracts for single-family homes this week. That’s 1,000 more sales than the same week last year.

Contracts 488

Contracts Inventory New Listings Housing Market 488

Housing Wire

AUGUST 27, 2024

Dubbed the “Contingency Buster,” the product uses its Purchase Price Guarantee (PPG), a binding backup contract that if a homebuyer’s current home does not sell within 150 days, the fintech will purchase it at an agreed-upon price, the company said in a release Tuesday.

Contracts 465

Contracts Real Estate Agent Real Estate Buyers 465

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.”

Lending 448

Lending Mortgage Finance Government 448

Housing Wire

AUGUST 29, 2024

Many state Realtor associations’ new forms —such as buyer representation agreements—are largely incomprehensible to the average homebuyer or seller and have language that seeks to avoid the terms of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , according to a report released earlier this month.

Buyers 448

Buyers Realtors Agents Sellers 448

Housing Wire

MAY 1, 2024

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” Barton also touched upon the terms of NAR’s settlement agreement.

Real Estate 462

Real Estate Agents Contracts Real Estate Agent 462

Housing Wire

NOVEMBER 6, 2023

Additionally, there are 62,000 new listings this week, with 9,000 of those already under contract. We have the same number of sellers now as last year, which tells us that further declines in home sales because of supply constraints are unlikely. Now the trajectory is the same.

Housing Market 516

Housing Market Marketing Inventory Contracts 516

Housing Wire

AUGUST 6, 2024

The supply of sellers is the other side of the inventory equation. When we look at the new listings pace, there’s no sign of a plethora of sellers are reaching the market. There are slightly more sellers than last year, but seller pace is still very restricted. These homes were on the market and are now in contract.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Listing Spark

JANUARY 5, 2025

Start with a home seller’s checklist to ensure you are organized and prepared. Know your finances: Once you have determined your price, you can start to calculate what your final take home will be. Here is a great net sheet by Stewart Title for sellers to calculate listing expenses.

Sellers 69

Sellers HOA Real Estate Agent Contracts 69

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Northpointe was the 24th largest correspondent lender , according to Inside Mortgage Finance.

Lending 397

Lending Business Retail Client Relationships 397

Housing Wire

JULY 15, 2024

That’s a very small number of new listings that took offers and went into contract immediately. The 68,000 total new listings is actually 6% fewer sellers than last year. It feels like sellers are pulling back now and that will keep a lid on inventory growth for the rest of the year. These numbers will rebound this coming week.

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

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. That should not be dictated by an association.

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Housing Wire

NOVEMBER 14, 2023

Last year at this time, sellers and homebuyers hit the brakes hard. Meanwhile, there are 66,000 new, single-family listings this week, with 11,000 of those already under contract. New contracts pick up year over year We saw 52,500 new contracts started this week for single-family home purchases, which is low.

Housing Market 468

Housing Market Marketing Inventory Contracts 468

Housing Wire

OCTOBER 15, 2024

That’s about 8% more sellers than a year ago, about what we’ve been averaging all year. As has been the case all year for me, I’m watching the new listings count for signs that pent-up seller supply may start leaking or surging onto the market. Home sellers have a current price in mind, and they don’t really want to sell for less.

Inventory 505

Inventory New Listings Sellers Marketing 505

Housing Wire

JUNE 14, 2024

Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% Sales are sluggish because high homebuying costs are making both house hunters and prospective sellers skittish. year over year. Of the 10 U.S. Last month, 61.9% in May 2022.

Sellers 488

Sellers Buyers Contracts Brokerage 488

Housing Wire

AUGUST 14, 2024

“We are changing our approach with a lot of things, and we are doing that with the collateral we put out, there is a video series we put out, and there are obviously conversation we are having with sellers on what it is they need to do, how it needs to be done and what their options are for doing it,” Harvey said.

Agents 448

Agents Sellers Buyers Contracts 448