Housing Wire

APRIL 22, 2024

We’re watching inventory , which continues to grow by 3% each week. We’re watching sales volumes , which are definitely up over past year but remain slow. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month.

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Inventory New Listings Sellers Contracts 463

Housing Wire

OCTOBER 28, 2020

Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be home sellers said they are staying out of the market due to the uncertainty caused by COVID-19. “The catch is that waiting to sell may raise the cost of a trade-up.

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Sellers Marketing Lending Inventory 339

Housing Wire

MAY 3, 2024

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

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Inventory Housing Market Marketing Real Estate 297

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.

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Inventory Contracts Sellers New Listings 395

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.

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Real Estate Agent Real Estate Buyers Agents 406

Appraisal Buzz

JULY 23, 2024

“Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” June Inventory Sees Record-High Home Prices Across All Unit Types As of the end of June, there were 1.32

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Inventory Inspection Realtors Sellers 396

Housing Wire

DECEMBER 10, 2024

Its a symptom of a market thats transitioning away from sellers. According to data from Altos Research, for-sale inventory has risen from 1,864 on a 90-day rolling basis in May to 3,019 today. Altos considers anything above 30 to be indicative of a seller’s market.

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Housing Market Marketing New Listings Sellers 340

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

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Mortgage Inventory Real Estate Technology 516

Housing Wire

JANUARY 31, 2023

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.

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Inventory Marketing Business Buyers 313

Housing Wire

SEPTEMBER 30, 2024

“We are seeing multiple offers definitely in those medium price ranges. It has definitely downshifted, but in most cases, I am still seeing listing agents putting out deadlines for best and final offers.” There is definitely frustration among buyers,” she said. “It As of Sept. It gets discouraging.

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Housing Market Marketing Inventory Agents 300

Housing Wire

NOVEMBER 6, 2020

Inventory is too low, people need to decide to sell their houses,” Buchbinder told HousingWire. There are] a lot more buyers than there are sellers right now, causing an increase in purchase prices,” Buchbinder said. “A But the amount of buyers still definitely outweigh the listings that are out there. Presented by: TMS.

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Housing Market Marketing Inventory Buyers 409

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory. Last year was a tough one for the Indiana real estate market. 23, 2024.

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Housing Market Marketing Inventory Construction 398

Housing Wire

JANUARY 29, 2024

I think this trend is durable, but it’s definitely not a guarantee. I suspect if that happens we’ll see even more demand, with a strong pickup in home sales volume coupled with falling inventory levels, and a return to rising home prices. That’s the active inventory across the country.

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Contracts Inventory Housing Market Mortgage 393

Housing Wire

JULY 30, 2021

Due to low inventory, sellers are able to put their homes up at a higher rate. The definition of a “fixer-upper” varies. In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. Buy A Fixer-Upper. But in general, it’s a home that could use a few improvements.

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Renovations Buyers Sellers Investing 498

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A Local agents say this is one of the main reasons why the state is struggling with housing inventory. They don’t want to give up their 3% rate for a 7% rate.”

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Housing Market Agents Marketing Inventory 372

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. Buyers are still buying and sellers are still selling. So, this year, April and May were a little slower, so it felt like we were getting back to a normal market.

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Housing Market Marketing Inventory Buyers 329

Housing Wire

AUGUST 8, 2024

But the question is, if the buyer agency fees are being paid by the seller or by the buyer, how will that change the final sales price if it gets added in or taken out of the final price?” If sellers are unwilling to offer help with buyer’s agent fees, Mohtashami said they are effectively making their homes more expensive for buyers.

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Housing Market Marketing Mortgage Sellers 413

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. By definition, most distressed properties sold at auction are in need of substantial renovations.

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Housing Market Retail Marketing Sellers 292

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.

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Agents Inspection Real Estate Sellers 409

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.

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Buyers Agents Mortgage Real Estate Agent 509

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There’s just more buyers than there are sellers,” added Steven Grossman, chief strategic officer at NJ Lenders. Waiting for rates to go down is just a foolish bet.

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Loan Officers Mortgage Inventory Clients 389

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 Hamblen said that there’s about a month-and-a-half worth of inventory in the Long Island market and she is expecting a strong end to 2020.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Appraisal Buzz

NOVEMBER 4, 2024

First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers. The highest documented average age of home sellers was 63 years old. A record 26 percent of homebuyers made cash payments.

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Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

DECEMBER 19, 2024

Altos considers anything above 30 to be indicative of a sellers market. I am super busy right now, said Charissa Kennard , an agent for Berkshire Hathaway HomeServices Verani Realty.There is a lot of inventory right now, which is good because there are a lot more options for clients right now.

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Housing Market Marketing Inventory Clients 339

Housing Wire

DECEMBER 11, 2023

We are definitely seeing an uptick in demand. Demand for approvals has definitely increased, but homebuyers are waiting to see if they will drop just as fast as they have come down recently, said Robby Oakes, managing director at CIMG Residential Mortgage. All eyes will be on the CPI report and Fed meeting this week.

Mortgage 467

Mortgage Buyers Inventory Technology 467

Housing Wire

NOVEMBER 12, 2020

months’ worth of inventory, down 53.5% Because inventory is so low, Bond said she’s been encouraging her clients to sell sooner rather than later. “My I think people are definitely upsizing for that reason, so that they can spread out when everybody’s at home working and doing school remotely,” Vreeland-Abell said.

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Housing Market Marketing Inventory Realtors 363

Housing Wire

DECEMBER 27, 2023

Sellers have brought up the affordability issue with housing and they have wondered how much resources buyers have and if they would be able to now all of a sudden potentially pay a buyer’s agent fee on top of their mortgage down payment and closing costs,” Alperin said. A wise agent right now is talking to buyers and sellers,” Brown said.

Real Estate Agent 427

Real Estate Agent Real Estate Agents Clients 427

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. I feel like the market we are in, from an inventory standpoint, feels similar to last year.”

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Housing Market Agents Marketing Inventory 355

Housing Wire

SEPTEMBER 12, 2023

Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. 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. Offers stopped and sellers cut their prices.

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Contracts Inventory Housing Market Buyers 361

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 380

Brokerage Real Estate Sellers Agents 380

Housing Wire

MAY 30, 2024

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. But we are definitely supporting a market that already exists — they don’t use real estate agents anyway. How do you look at that?

Real Estate Agent 380

Real Estate Agent Real Estate Sellers Technology 380

Housing Wire

APRIL 8, 2021

Our prices obviously weren’t as high as California’s at the beginning [of the pandemic], but we’re definitely catching up thanks to demand.” “The issue up here is we just can’t keep any inventory,” Fronk said. And that includes everything – townhomes, houses, mobile homes, you name it. .”

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Housing Market Marketing Sellers Buyers 400

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. Inventory As a result, the seasonal inventory build is slow and on a normal cycle. Inventory growth seems to have a few more weeks to go.

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Inventory Contracts Buyers Mortgage 328

Housing Wire

MARCH 2, 2023

Applications have definitely slowed down in the last few weeks. There are two reasons for this price stability—record low inventory and record high equity. But with all of the volatility it’s been a struggle to get sellers to give the kind of credits we need for those programs.

Mortgage 442

Mortgage Buyers Loan Officers Marketing 442

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

Real Estate 422

Real Estate Open Houses Agents Sellers 422

Housing Wire

DECEMBER 28, 2023

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The inventory puts a cap on how much business we can do. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

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Business Mortgage Loan Officers Inventory 406

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

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Mortgage Loan Officers Inventory Business 452