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home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. Typical sellers received two offers, which is the same as the past three years. Most sellers (74%) received at least one offer on their property that was all cash or did not include a financing contingency.
In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. Stockberger: It’s very omnipresent.
There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.
Government-sponsored enterprise (GSE) Freddie Mac this week released an industry letter encouraging seller/servicers to take the accelerating pace of cybersecurity threats seriously, and to ensure that processes and tools are maintained to limit exposure to potential security risks. “A These included incidents of social engineering (e.g.,
Buyer and seller behavior Ive had countless conversations with potential buyers who are ready for a change, but are not ready to let go of their current mortgage rates in the 3 or 4 percent range. On the seller side, as affordability improves and traffic increases, so will competition.
Given recent events, they’re not sure about the future of their jobs, their children’s school arrangements, or their health, so making a big change like moving? A whopping 63% of sellers are also buyers, which poses yet another concern. Finally, there are also concerns regarding recent events that are holding homeowners back.
From fine-tuning the initial listing to completing the mountains of paperwork needed for closing , homebuyers and sellers can find themselves juggling a wide range of issues. Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same.
Conrad discusses best practices for transparent conversations between listing agents and sellers, the value of educating sellers on the new buyer agent compensation agreements , and ways to show your value as a professional agent. Velt chimes in and shares how important it is to be transparent with sellers.
Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Shallis, with over three decades of experience in the real estate industry has helped realtors, buyers, and sellers navigate all types of market conditions.
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.
It also provides market analyses, a calendar of upcoming events and a list of taks to complete tasks. Sellers have access to all offers. Opponents of CCP say it limits seller choice, the choice being whether to list their home on the MLS.
Economic uncertainty also plays a role in sellers’ hesitation, with 29% saying they would delay selling in the event of a major downturn. And 30% of this group expressed concerns about losing their current rate if they sell their home. Confidence in the home selling process increases when certain conditions are met.
Ive used thank you notes in my business for over a decade and even received referrals from people Ive met at networking events because they were so impressed by my immediate follow-up notes! Seller right after a listing appointment Dear (Seller Name), It was so nice meeting you today! Youre the best! Talk soon, (Your Name) 3.
Its a symptom of a market thats transitioning away from sellers. Altos considers anything above 30 to be indicative of a seller’s market. Sandi Wethington, an eXp Realty agent, said she recently participated in a transaction where the seller installed a new septic tank and a new roof to get the deal closed.
Additionally, the study indicates that since baby boomers intend to remain in their current homes, 2025 sellers will probably be younger. Almost one-third (32.2%) of those potential sellers have been in their house for fewer than five years. Of those surveyed, 26.8% of homeowners between the ages of 30 and 39 and 28.0% Only 10.1%
Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. Buyers and Sellers Butt Heads as Inventory Jumps Sellers’ new listings increased by 8% from April to May, and are now 13% higher than last year’s record low. So, what does this means for buyers and sellers?
Altos considers anything above 30 to be indicative of a sellers market. If all economic factors, political factors and world events are fine, we just kind of flatline. While she agrees that interest rates are contributing to constrained inventory, McCormick sees another factor that is holding back prospective sellers.
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.
The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends.
It proposed on Friday a compromise on CCP that it believes respects seller choice, enhances competition and safeguards MLS integrity. Proponents believe CCP maximizes the reach of a listing and is thus in the best interest of the home seller. Coming Soons are next, and they appear on the site before they appear on an MLS.
When I first started in real estate , I thought my job was solely about helping buyers and sellers. Start with what matters to you Giving back can go beyond hosting large events or raising thousands of dollarsthough thats certainly an incredible goal. As time went on, the desire to go beyond that struck me.
Recent coverage from the Wall Street Journal detailed several sellers’ experiences when attempting to close listings due to the blacklist, which is maintained by Fannie and includes properties that the GSE deems inadequate in terms of property insurance or repairs. Some lenders and insurers have abandoned markets altogether.
Seeing more buyers and sellers able to participate is absolutely what we want to see. UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel free Zoom event (REGISTER FOR WEDNESDAY) 1/16/25 Sac Real Producers […] The post The 2024 housing market was better than 2023 first appeared on Sacramento Appraisal Blog. Let’ get into it.
Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.
The current start-stop cycle facing American homebuyers and sellers shows no sign of relenting. Americans continue to grapple with these fluctuating economic indicators, making the decision to buy or sell a home an enduring challenge, barring a life event forcing a transaction. from the 3.4% annual increases seen in March and April.
Connect with seller leads Purpose: Build trust and start meaningful conversations with potential sellers. Script 1: Initial outreach to sellers Hi [Name], I noticed your home on [Street Name] and wanted to check if you’ve considered selling. I specialize in helping sellers like you find success. Can we discuss your goals?
You’ve burned the midnight oil, checked emails before dawn and moved mountains for homebuyers, sellers, partners and clients. Hear from today’s top leaders and enjoy networking events with like-minded professionals. The post 5 reasons why HW Annual is the team bonding event you need appeared first on HousingWire.
Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. The end of seller speculation in the housing market is long overdue and welcome news for buyers.
By eliminating data barriers and fostering collaboration among these three leading MLSs, we are creating new opportunities for real estate professionals and improving the experience for homebuyers and sellers. MLSs have been busy on the technology front.
Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.
This not only strengthens their pitch to sellers but also provides a level of assurance that the advice is well-rounded and informed. Sellers are more likely to trust a team’s consensus over a single agent’s opinion, making it easier to secure listings.
Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.
I’m looking forward to a little bit less eventful Halloween.” Listing agents are only advertising their seller’s offer of buyer broker compensation if the seller instructs them to do so. Otherwise, NextHome agents are telling buyer’s agents to ask for compensation in their offer and the seller can consider it.
A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes.
And NAR data shows that 81% of sellers and most buyers only interview one real estate agent! The majority of buyers and sellers will become a lead months or even years before theyre ready to actually move. Host an event to nurture your leads One of my favorite lead nurturing strategies is hosting events.
Predictive analytics in real estate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Real estate agents can use this data to identify motivated sellers and people who are likely to buy a home. What does this mean for you?
Compass says that the listings protect home sellers against negative insights, such as days on market. Compass has gotten more and more vocal about not only its opposition to the CPP, but its intention to build an inventory of truly exclusive listings in the event that the rule is rescinded.
According to recent Zillow data, as the home-buying season draws near, buyers are more affected by persistently high mortgage rates than sellers. Sellers are in a good position, and are willing to make price cuts to close a deal. Sellers seem less concerned about rate movements. That caused buyers to struggle with affordability.
After the National Association of Realtors settlement changed how commission is paid, there was some fear among agents that buyers and sellers might forgo their services in favor of handling the transaction themselves. However, some sellers had complaints. For the most part, that hasnt happened. Entice your clients to come to you.
Create hyper-local strategies that focus on building connections in communities or farm areas through events, personalized outreach, and targeted farming strategies. For example, focus on value-driven events like sponsored educational workshops, or create opportunities to meet prospects and gain their permission to stay in touch.
In recent years, climate-related events have begun to affect areas that were once considered less vulnerable. Emerging risks in unfamiliar territories Wildfires, droughts, and extreme weather events are becoming more frequent and severe, even in places where such events were once rare.
After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.
When COVID-19 happened, some sellers were able to sit back and watch the market. It was just a matter of weeks before the buyers returned and sellers sold their homes, leading home sales to get to pre-cycle highs in 2020 and 2021. Exclusive access to the HW+ Slack community and virtual events. Become a member today.
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