Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

Sellers 468

Sellers Housing Market Buyers New Listings 468

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now. That is 13% more sellers than last year at this time, but it’s not expanding any more this summer. The pace of sellers has plateaued for the year. housing market is seeing that now.

Inventory 458

Inventory Sellers New Listings Property Taxes 458

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

FEBRUARY 26, 2024

We still see more sellers than last year. And sure enough the number of new contracts started this week dipped. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. More sellers with price cuts than a year ago. But that sales growth rate is fragile too.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

OCTOBER 26, 2024

However, with the recent spike in mortgage rates , it’s possible some sellers are just going to call it quits. New listings data One place to see whether home sellers are calling it quits is our new listings data, which would clearly show if home sellers are reluctant to list their homes.

Inventory 523

Inventory Sellers New Listings Mortgage 523

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

Real Estate 448

Real Estate Sellers Real Estate Agent Tools 448

Housing Wire

DECEMBER 30, 2024

However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. The other trend to watch is whether we finally have more sellers entering the market in 2025. There are some signals that seller volume is starting to creep back to normal levels. fewer than a week prior.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

OCTOBER 22, 2024

Data from Altos Research shows that higher mortgage rates aren’t necessarily keeping sellers from listing their homes. New pending sales are also on the rise, with the 60,000 homes going under contract last week representing a 9% increase from the same week last year and an 11% increase from the same week in 2022.

Sellers 468

Sellers Mortgage Marketing Construction 468

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. Median days to pending, the typical time from initial list date to pending status for homes that went under contract during a month, is at 13 days in May, which is unchanged from April. in 2024 before falling 1.4%

Sellers 397

Sellers Buyers New Listings Home Value 397

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

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 480

Buyers Contracts Agents Realtors 480

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

MAY 20, 2024

While the settlement does not address this issue directly, the Department of Justice (DOJ) Statement in the Nosalek lawsuit does: Buyers would have the ability to request in their purchase offer that the sellers pay a specified amount to the buyer broker from the proceeds of the home sale. In a seller’s market, that may well occur.

Buyers 466

Buyers Agents Counter Offer Sellers 466

Housing Wire

JUNE 3, 2024

These are the homes that go into contract immediately after listing. New listings dry up On the other hand, inventory can’t build too much if sellers don’t sell. There are some signals of seller volume drying up. Seller volume in 2024 had been slowly growing, and I viewed that as an optimistic trend.

Inventory 516

Inventory Contracts New Listings Sellers 516

Housing Wire

JULY 8, 2024

New listings show 12% more sellers than a year ago When we look at the new supply hitting the market each week, we see the same trend we’ve had for a few months. There are more sellers than a year ago, but still not a lot of sellers. That’s 114,000 sellers vs. 87,000 now. We see that sellers are still restricted.

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

OCTOBER 10, 2023

Fewer sellers see the upside of listing now New listings volume each week remains very low, and there are very few sellers who want or need to sell into this market. And there is certainly no flood of sellers. This inventory build is from a dearth of buyers, not from a surge of sellers. That’s shockingly few.

Mortgage 482

Mortgage Inventory Contracts Sellers 482

Housing Wire

OCTOBER 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. New listings go up This year continues to have slightly more sellers than last year but fewer than we used to get in past years. Home prices ticked up this week.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

MAY 28, 2024

No one wants a scenario in which there’s a flood of sellers but no buyers. The volume of new sellers had been inching down for three weeks and it looked like the new-listings rate had passed its peak for the year. As previously mentioned, any signs of rising seller volume is helpful to this market. But this week, it jumped.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

MAY 6, 2024

More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time. At that time, there were more sellers and more sales.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. More sellers means more sales in 2024.

Inventory 488

Inventory New Listings Contracts Sellers 488

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 9, 2024

Across the country, the topic is causing quite a stir as real estate professionals are sorting out how to incorporate buyer requests and seller offers of buyer agent compensation into a purchase and sales agreement. Seller might even withdraw their offer of a concession if they receive lower-than-expected offers.

Buyers 468

Buyers Sellers Agents Contracts 468

Housing Wire

JULY 18, 2024

CFA has already shown that some revised contracts are very anti-consumer while others are much fairer to buyers.” The criteria consist of 15 factors real estate leaders should consider when creating a buyer representation contract. The criteria are primarily focused on the form and content of the contract.

Buyers 497

Buyers Contracts Realtors Real Estate 497

Housing Wire

FEBRUARY 5, 2024

There are more buyers than sellers. We have slightly more sellers now than we did a year ago and inventory is now 8.8% More sellers this week than last week Each week, just a few more home sellers are testing this market. There were 7% more new sellers this week than the same week a year ago. But it’s not a lot.

Mortgage 468

Mortgage Inventory Sellers New Listings 468

Housing Wire

APRIL 22, 2024

We’re rapidly approaching the peak of the market in terms of seller listings, and as inventory builds, the sales rate will peak by the end of June. We are also consistently measuring more sellers coming back into the market. In fact, there are more new sellers this week than in any week of 2023. But we’re not close to that yet.

Inventory 531

Inventory New Listings Contracts Sellers 531

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. NARs Pending Home Sales Index (PHSI)a forward-looking indicator of home sales based on contract signingsadvanced 2.2% A PHSI reading of 100 is equal to the level of contract activity in 2001. regions, with the West leading the pack. in November. from November 2023.

Contracts 435

Contracts Inventory Buyers Sellers 435

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. As sellers gently re-enter the market, more home sales can happen and are happening. In other words, seller growth continues. That growth looks poised to continue.

Inventory 493

Inventory Contracts New Listings Sellers 493

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

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. There are fewer sellers than normal, and slightly more than last year, but the gap from last year is closing.

Housing Market 458

Housing Market Marketing Inventory New Listings 458

Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan.

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

APRIL 30, 2024

Additionally, the FAQ states that an agent is not working with a buyer if they are working only as an agent or subagent of the seller, or if the MLS participant is only performing ministerial acts without the expectation of being paid for these acts. It notes that the compensation must be “objectively ascertainable and not open-ended.” “For

Buyers 488

Buyers Open Houses Sellers Agents 488

Housing Wire

FEBRUARY 20, 2024

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Each week we have more sellers and each week that inventory spread over last year keeps growing.

Mortgage 514

Mortgage Inventory Sellers New Listings 514

Housing Wire

JANUARY 8, 2024

Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year. Sales were held back for lack of sellers. Home price signals are increasing too.

Real Estate 508

Real Estate Marketing Inventory New Listings 508

Housing Wire

NOVEMBER 1, 2023

The newly-updated Fannie Mae November Selling Guide now bars job offers or contracts for future employment from family members or interested parties involved in a transaction. “We The update also includes new general lender requirements regarding staffing, training and policies to maintain seller and/or servicer eligibility.

Contracts 459

Contracts Training Sellers Mortgage 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 501

New Listings Contracts Inventory Sellers 501

Housing Wire

MARCH 13, 2024

Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ argued. The parties have until March 28 to file their responses.

Contracts 468

Contracts Legal Sellers Buyers 468

Housing Wire

FEBRUARY 29, 2024

In its statement, the DOJ advocated for the prohibition of cooperative compensation, meaning that “sellers would be responsible for determining only the compensation of their own broker in the listing contract … [and] buyers would be responsible for determining the compensation of their own broker in a buyer-broker representation contract.”

Contracts 448

Contracts Legal Sellers Buyers 448