Housing Wire

FEBRUARY 28, 2025

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. Houston 17.8%

HOA 353

HOA Inspection Buyers Real Estate Agent 353

Appraisal Buzz

DECEMBER 30, 2024

The typical home that did go under contract in November did so in 43 days, the slowest November pace since 2019. Theres a lot of inventory, but it doesnt feel like enough, said Meme Loggins, a Redfin Premier Real Estate Agent in Portland, Oregon. States With the Highest Inventory In Miami, 63.8% a year earlier. In Tampa, 56.9%

HOA 221

HOA Inventory Real Estate Agent Contracts 221

Housing Wire

NOVEMBER 4, 2024

Finding an agent Like 43% of homebuyers , I began my search online, as I worked to get a sense for what the inventory in my preferred areas and in my price range looked like. I wanted to make sure I was comfortable with what the inventory in my price range might look like before I began taking up an agent’s valuable time.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

APRIL 29, 2024

The bearish take is that there are many more sellers than buyers and inventory is rising. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Housing inventory There are now 556,000 single-family homes on the market. Mortgage rates are at 7.5%

Sellers 508

Sellers Marketing Inventory Contracts 508

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

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Beyond that, more inventory is becoming available — enough to improve buyer negotiating power.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Housing Wire

JULY 23, 2024

of homes that went under contract. In spite of rapidly rising inventory, high prices and mortgage rates are still keeping buyers at bay. Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. But it’s not the highest percentage ever. of purchase agreements.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

MAY 20, 2024

Price reductions typically peak in November before resetting for the holidays and the fresh inventory in the spring. In these markets, inventory is growing more rapidly and other costs, such as insurance and taxes, are up a lot. Inventory There are now 578,000 single-family homes unsold on the market. That’s up 1.7%

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said. below the August 2022 level.

Housing Market 497

Housing Market Contracts Government Buyers 497

Housing Wire

JUNE 25, 2024

Altos reported that 67,000 new contracts for single-family home transactions were started during the past week, down 2.7% But Altos data also shows that a large share of homes (36.9%) include cuts to the original list price, a sign that inventory is rising and sellers are having a more difficult time locating a buyer.

Mortgage 418

Mortgage Marketing Property Taxes Sellers 418

Housing Wire

APRIL 17, 2023

In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It We are still seeing properties going under contract quickly, so long as they are priced properly,” he said. This popularity has resulted in constrained inventory.

Housing Market 418

Housing Market Marketing Inventory Buyers 418

Housing Wire

JULY 6, 2023

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. The company also offers mortgage financing, title services , and insurance agency services through its subsidiaries. Horton family,” Donald R. In addition, D.R.

Contracts 370

Contracts Development Insurance Construction 370

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 448

Housing Market Marketing Contracts Finance 448

Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire. WRRE has offers under contract plus more in the pipeline.

Brokerage 435

Brokerage Real Estate Clients Insurance 435

Appraisal Buzz

JULY 31, 2024

Month-over-month, contract signings increased in all four U.S. The rise in housing inventory is beginning to lead to more contract signings,” says Lawrence Yun, chief economist for NAR, in a statement. Helping to boost contract signings is increasing homebuyer confidence. Pending home sales increased 4.8% in the West.

Contracts 195

Contracts Inventory Insurance Realtors 195

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.

Mortgage 468

Mortgage Renovations Appraisal Process Finance 468

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Even better?

Real Estate 435

Real Estate Legal Tenants Clients 435

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) Let’s use $10,000 as an example.

Agents 435

Agents Buyers Sellers Inventory 435

Housing Wire

AUGUST 24, 2023

At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

DECEMBER 20, 2022

Some vendors thought ahead and stockpiled some inventory so they can get stuff to you pretty quickly, but then others are still really backed up. With these incentives it is going to be interesting to see how quickly inventory is being absorbed by the market and how that absorption rate will influence incentives they are willing to provide.

Supply Chain 397

Supply Chain Construction Inventory Finance 397

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. Numerically, that means that approximately 1.5

Housing Market 545

Housing Market Marketing Construction Development 545

Appraisal Buzz

JULY 30, 2024

Inventory Rises, But Costs Grow Prohibitive According to a recent study by Redfin , nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract. This trend is contributing to a glut of unsold inventory. This marks an increase from 59.6% Richard Blumenthal.

Construction 221

Construction Investing Inventory Law 221

Housing Wire

JUNE 15, 2022

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. Six months ago, at a rate of 2.87%, borrowers would pay $2,497 per month for principal, interest, taxes and insurance on a $450,000 house. More layoffs to come.

Mortgage 397

Mortgage Investors Clients Marketing 397

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

MAY 2, 2024

Ben Hunsaker, a Beach Point Capital Management portfolio manager who is focused on securitized credit, said that during the past year, nonqualified mortgage (non-QM) AAA bond spreads have actually contracted from 155 to 135, while agency mortgage-backed securities (MBS) spreads have widened from about 118 to 134 over the same period.

Marketing 459

Marketing Mortgage Investors Sellers 459

Movoto

NOVEMBER 26, 2024

Featuring insights from real estate veteran Jerimiah Taylor, we explore the evolving dynamics of home prices, mortgage rates, and the role of Baby Boomers in inventory trends. And so you had a lot of inventory growth. And so it’s all comes down to to, to supply and demand and inventory.

Real Estate 36

Real Estate Marketing Inventory Insurance 36

Realtor

APRIL 14, 2021

This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. In this market, we are seeing a lot of appraisal gaps being written into contracts. Prepare for bidding wars ahead of time. Buyers all over the country are facing bidding wars after making an offer.

Mortgage 155

Mortgage Real Estate Agent Real Estate Buyers 155

Realtor

OCTOBER 16, 2023

” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. This can give buyers the edge, as Ameer points out, “given today’s tight market with low inventory. ” 9. . ” 10.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Appraisal Today

JANUARY 31, 2025

In the Oakland CA firestorm in 2021, many of the homes had reproduction replacement in their insurance policies. The home owners with reproduction costs got very large payments from their insurance companies. The insurance companies learned their mistake and never offered reproduction again. percent the previous week.

Appraisal 62

Appraisal Contracts Real Estate Insurance 62

Lamacchia Realty

JANUARY 29, 2025

In 2024, the South Florida single-family housing market saw rising prices, inventory remained tight, and sales declined slightly. Rising insurance premiums added to the cost of homeownership, potentially affecting affordability. The number of homes placed under contract (pending) decreased by 9.8%

Inventory 66

Inventory Insurance Real Estate Buyers 66

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). November: Control of the New York State Senate flipped.

Real Estate 370

Real Estate Law Development Investors 370

Lamacchia Realty

JULY 29, 2024

Active inventory in South Florida has made a giant leap and is back up to levels from the fall of 2020. Some owners have experienced difficulty with rising insurance premiums or condo regulations and assessments. It’s expected with tight inventory that prices will increase due to buyer competition with bidding wars.

Sellers 74

Sellers Buyers Insurance Inventory 74

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 72

HOA Inventory Buyers Contracts 72

The Robert Weiler Company

APRIL 5, 2023

Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. LawDepot™ explains a sublease as, “… a legally binding contract between a tenant and a new tenant… The sublease gives the subtenant the right to share or to take over the rented premises from the first tenant.”

Landlords 144

Landlords Tenants Logistics Real Estate 144

Lamacchia Realty

MARCH 26, 2024

Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.

Bracketing 74

Bracketing HOA Sellers Buyers 74

Appraisal Today

OCTOBER 11, 2024

Almost one-quarter (23%) of respondents overall expect insurance premiums in their area to increase after Hurricane Helene. The near-constant threat of hurricanes, floods, and tornadoes has put homeowners on edge and ratcheted up home insurance premiums. I have expensive, and limited, earthquake insurance. Are values affected?

Appraisal 74

Appraisal Insurance Contracts Valuation 74

Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Risk to Home Values.

Insurance 79

Insurance Appraisal Contracts Mortgage 79