Housing Wire

MARCH 9, 2022

trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. “Owning a home continues to be a proven method for building long-term wealth,” Yun said in a statement. From 2010 to 2020, middle-income households gained $2.1 in 2010.

Home Value 468

Home Value Realtors Marketing Inventory 468

Housing Wire

APRIL 17, 2023

Elevated mortgage rates are continuing to give homeowners a reason to stay at their current homes, according to the 2023 Borrower Insights Survey conducted by ICE Mortgage Technology. Borrowers, especially those who are least experienced, say they rely on referrals from family, friends or realtors to choose lenders. “In

Mortgage 381

Mortgage Finance Investing Home Value 381

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price.

Mortgage 514

Mortgage Lending Real Estate Agent Government 514

Housing Wire

JANUARY 7, 2022

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. The “Queen city of the Ozarks” needs more homes. Still, Augusta home prices are not immune to national trends.

Housing Market 412

Housing Market Marketing Real Estate Agent Agents 412

Empire Appraisal Group

NOVEMBER 23, 2022

Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. Navigating a once-in-forty-years market transition has required us to operate with urgency and discipline to manage risk and overall inventory health,” Eric Wu, co-founder and CEO of Opendoor said in a statement. “In

Realtors 78

Realtors Inventory Sellers Home Value 78

Empire Appraisal Group

AUGUST 29, 2024

Each month, Florida Realtors® publishes a bevy of housing statistics, but few are examined as often as the median sale price of homes. The market price stat rolls all the closed sales in the previous month together, with 50% of homes closing for prices above and the other 50% of homes closing for prices below the middle number.

Realtors 78

Realtors Inventory Marketing Buyers 78

Housing Wire

FEBRUARY 1, 2023

So, while the rate of home-price gains is trending downward, home values are still appreciating overall. The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.

Marketing 435

Marketing Government Mortgage Sellers 435

Housing Wire

MAY 25, 2023

These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years. million homes bought and sold in the U.S. The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million, of those homes.

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 5.7% Inventory levels in Connecticut are not increasing nearly enough to meet the buyer demand in the market. As a result, there is increased competition for available homes and average prices have continued to increase as well. cities per the Zillow Home Value Index.

Real Estate 74

Real Estate Sellers Home Value Buyers 74

Eppraisal

OCTOBER 31, 2023

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Online Home Value Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.

Marketing 69

Marketing Real Estate Agent Real Estate Valuation 69

Cleveland Appraisal Blog

OCTOBER 1, 2021

This week, I am also working on a new Home Value Stories podcast episode. When you’re downsizing your home with a pet as your roommate, your animal may experience anxiety and uncertainty during the entire moving process. I think you’re going to enjoy her article. Especially if you have pets and are thinking of downsizing.

Appraisal 243

Appraisal Valuation Realtors Modernization 243

Empire Appraisal Group

APRIL 21, 2022

Source: Listing Prices Hit Highest Median Ever | Realtor Magazine. However, economists say that buyers may soon see relief with expectations of more inventory coming that could help relieve some of the pricing pressures. Housing inventory is expected to hit positive territory year over year this summer, according to realtor.com®’s

Inventory 78

Inventory Buyers Construction Realtors 78

Eppraisal

DECEMBER 6, 2022

Yet it is another day at the office for realtors, lenders, attorneys and title agencies. An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. Buying and selling property is a big event for those gaining the asset and for those making money on the deal.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Eppraisal

JANUARY 28, 2022

and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3% The United States housing market will continue to struggle with a low inventory of homes available for sale in 2022. We continue to see home values rise in this winter market.

Marketing 68

Marketing Home Value Real Estate Housing Market 68

Lamacchia Realty

DECEMBER 19, 2023

Even though inventory levels are increasing, they aren’t increasing enough to meet the buyer demand in the market. As a result, there is increased competition for available homes and average prices have continued to increase as well. Working with an experienced REALTOR® can help you get the most money for your home!

Real Estate 74

Real Estate Sellers Buyers Realtors 74

Lamacchia Realty

DECEMBER 19, 2023

Even though inventory levels are increasing, they aren’t increasing enough to meet the buyer demand in the market. As a result, there is increased competition for available homes and average prices have continued to increase as well. Working with an experienced REALTOR® can help you get the most money for your home!

Real Estate 74

Real Estate Sellers Buyers Realtors 74

Lamacchia Realty

DECEMBER 21, 2023

An increase in active inventory as well as new listings is great news for buyers! Inventory has struggled to keep up with relentless buyer demand, especially in South Florida , so more options could lead to less competition and a stabilization or even reduction of prices. What does this mean for Buyers ? What’s next?

New Listings 69

New Listings Real Estate Inventory Sellers 69

Eppraisal

MARCH 18, 2022

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

Real Estate Agent 68

Real Estate Agent Real Estate Agents Sellers 68

Lamacchia Realty

MARCH 28, 2023

Many sellers are hesitating to list their homes to keep their low, pandemic mortgage rate, but we are starting to see an increase in homes listed meaning more options and therefore less competition in the market. Sellers, right now is the best time to get your home on the market to sell it for more than you would in a few months.

Sellers 69

Sellers Inventory Buyers Real Estate 69

Eppraisal

APRIL 12, 2022

The current real estate market is like no other in history in there is a lack of inventory of homes being listed for sale. According to an article in Keeping Current Matters, "A balanced real estate market's inventory sits around 6 months. It's never too early to start preparing to purchase your first home.

Home Value 36

Home Value Real Estate Buyers Realtors 36

Lamacchia Realty

MARCH 28, 2023

However, the sooner you list your home, the more you will sell it for versus waiting a few more months. Right now, inventory is near its lowest, but there are serious buyers in the market looking to purchase. Once inventory starts to rise, that advantage weakens. MASSACHUSETTS Home Sales Down 22.8% Sales are down 22.8%

Sellers 74

Sellers Inventory Buyers Real Estate 74

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, home values have been increasing. Appraisers are more in control of home values than many people think.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Housing Wire

FEBRUARY 8, 2024

Current inventory: Monitor the current homes available for sale, including the types of homes, price ranges and unique property features. Price trends : To understand market dynamics, consider how prices have changed over time for different property types like single-family homes or condos.

Real Estate 421

Real Estate Tools Agents Real Estate Agent 421

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Again, good news for sellers; a headache for seekers.

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Lamacchia Realty

MARCH 28, 2023

We are starting to see more sellers list their homes, which increases the supply and provides more options for buyers, resulting in less competition in the market. Interestingly in Connecticut, year-over-year inventory levels are at their lowest since 2017 which varies from states like MA and NH. CONNECTICUT Home Sales Down 25.3%

Sellers 74

Sellers Buyers Inventory Real Estate 74

Cleveland Appraisal Blog

AUGUST 6, 2021

Do you know of anyone who purchased a home within the past year? Below is a chart from the National Association of REALTORS article on home buyer regret. It reflects the results of a survey made by bankrate.com , which reflects the percentage of those who regret their home purchase, and the reasons why.

Buyers 243

Buyers Property Taxes Inspection Market Value 243

Eppraisal

MAY 12, 2021

If you're in the market to buy a home right now, you're probably finding out that it's not easy. According to the National Association of Realtors (NAR) existing home sales are -3.7% This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes.

Sellers 67

Sellers Real Estate Buyers Home Value 67

Eppraisal

DECEMBER 2, 2021

There is a lot in the news about the real estate market and how home values are rising, inventory and interest rates are low, and the like. The National Association of Realtors (NAR) shows alarming statistics. The lack of homes available for sale, or low inventory, has made showing homes difficult.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Buyers 36

Eppraisal

OCTOBER 25, 2022

Prices and home values typically increase in the spring and summer as well. Home Prices and Interest Rates A portion of buyers on the market in the spring and summer ended up being priced out of the market as home values jumped double digit percentages year over year. over last year."

Real Estate 36

Real Estate Decorating Buyers Sellers 36

Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. This will continue throughout the year and the number of homes will continue to increase and climb above 2021, 2020, and rise to about 2019, before-COVID levels.

Marketing 69

Marketing Sellers Buyers Inventory 69

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. The recent Monthly Housing Market Trends Report from realtor.com states: “In July, newly listed homes grew by 6.5 And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. Median home price for December was $330,000, down 2.5%

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Eppraisal

MAY 10, 2022

An informative article on realtor.com, The Real Estate Commission: How Much Are Realtor Fees? This is especially true if you have a high-priced home. Home values have been rising and many real estate agents are benefiting from this. " A 6% commission on a $114,500 home is only $6,870.

Agents 36

Agents Real Estate Agent Brokerage Real Estate 36

Listing Spark

SEPTEMBER 25, 2023

Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable. Financially secure homeowners are firmly anchored to their homes with interest rates at 3% or 4%, and they are unwilling to trade that security in an uncertain market for rates north of 7%.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Eppraisal

MAY 25, 2021

The VA home loan is a true "no money down" home loan opportunity. Private mortgage insurance (PMI) is usually required with other loan programs when a buyer's down payment is less than 20% of the home's value. Since VA home loans are government-backed, they portray VA homebuyers as financially solid buyers.

Sellers 36

Sellers Home Value Inspection Government 36

Eppraisal

APRIL 1, 2022

In fact, in 2018, the National Association of Realtors (NAR) published the 2018 Member Safety Report/ Realtor Safety Program. With homes selling and renting so quickly, and home values increasing, agents may be finding themselves sprinting to listings to show buyers who are desperate to find homes.

Technology 36

Technology Agents Real Estate Agent Real Estate 36

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. But … home price growth will decelerate in the coming year, experts predict. Why home price growth will slow. years in 2010, and 6.4

Inventory 78

Inventory Housing Market Construction Real Estate 78