Housing Wire

APRIL 15, 2024

Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers.

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Housing Market Inventory Buyers New Listings 468

Housing Wire

JANUARY 25, 2023

Inventory What does that mean for housing? Until mortgage rates drop below 5.5%, we can expect low housing supply, which favors sellers. Until then, home values will slowly decline, most assuredly in high-cost areas and in areas of the country that benefited the most from rampant appreciation during the pandemic.

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Housing Market Marketing Inventory Sellers 459

Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. Approximately 80% of those surveyed said they would like to view a virtual home tour and a digital floor plan before buying, if they were shopping for a home.

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Housing Market Marketing Real Estate Technology 545

Housing Wire

DECEMBER 13, 2023

While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We We don’t expect rates to fall that much in this period and it may not offset rising home prices in hot housing markets.

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Inventory Housing Market Mortgage Law 488

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6% fall in August 2024.

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Marketing New Listings Sellers Advertising 418

Appraisal Buzz

SEPTEMBER 10, 2024

Realtor.com’s Sixth Annual “ Best Time to Buy Report ” examined listing prices, inventory levels, new “fresh” listings, time on market, homebuyer demand, and price reductions, revealing that the “Best Time to Buy” in 2024 will be the week of September 29-October 5. home value is presently $362,481, up 3.3% over the past year.

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Inventory Buyers New Listings Marketing 397

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

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Sellers Housing Market Inventory Buyers 397

Appraisal Buzz

SEPTEMBER 17, 2024

home value currently stands at $361,282, up 2.9% This analysis shows homeownership may be more within reach than most renters think,” said Zillow Home Loans Senior Economist Orphe Divounguy. With inventory up 22% compared to a year ago, buyers are gaining bargaining power. According to Zillow , the average U.S.

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Buyers Home Value Insurance Mortgage 418

Appraisal Buzz

SEPTEMBER 5, 2024

The panel’s latest estimates of national home price growth are higher than last quarter’s expectations of 4.3% Terry Loebs , Founder of Pulsenomics, said: “Despite robust home value growth in the first half of 2024, our panelists anticipate a slowdown in price appreciation for the remainder of the year and beyond.

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Construction Inventory Housing Market Contracts 459

Appraisal Buzz

AUGUST 19, 2024

The record high in home prices—the median sale price nationally increased by 4% in June—has led to a record high in the percentage of American homes valued at $1 million or more. Even though the inventory has lately increased, many homeowners are locked in by low rates, thus it is still roughly 30% below pre-pandemic levels.

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Home Value Luxury Properties Buyers Inspection 390

Housing Wire

MARCH 9, 2022

This means that a homeowner who purchased a typical single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth, with 86% of the wealth gain attributed to price appreciation. in 2010.

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Home Value Realtors Marketing Inventory 468

Housing Wire

FEBRUARY 6, 2023

“On the surface, it may seem the market has been stirred by a full point decline in interest rates and home prices coming off their peaks – but it’s not that simple,” Graboske said. December did see home values post their sixth consecutive monthly decline, and prices at the national level are now 5.3%

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Inventory Mortgage New Listings Home Value 397

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Use AI-powered lead generdation to identify high-priority sellers. Access leads immediately — directly in your inbox. Automated marketing: Yes.

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Advertising Real Estate Tools Sellers 459

Housing Wire

FEBRUARY 4, 2022

Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Our forecast is for home values to rise 16% from December 2021 to December 2022.

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Housing Market Inventory Home Value Marketing 370

Housing Wire

DECEMBER 1, 2022

Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

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Housing Market Marketing Construction Inventory 370

Housing Wire

APRIL 9, 2021

.” With “Raveis Purchase,” which officially launched earlier this month, WRRE will acquire the home-seller’s property for an initial payment of up to 80% of the current value of the home, which unlocks the majority of the equity and enables the seller to settle any mortgages.

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Brokerage Real Estate Insurance Clients 435

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

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Marketing Government Mortgage Sellers 435

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

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Housing Market Marketing Insurance Mortgage 476

Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. So, home sales have really gotten completely hammered,” Zandi said.

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Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

DECEMBER 6, 2024

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. Provide value Offer engaging content that both informs and entertains. Its up to us as agents to stay engaged and stay in contact with our clients.

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Real Estate Clients Tools Sellers 397

Housing Wire

AUGUST 28, 2020

The first is listing tools – the products designed for you to convert potential sellers into listing contracts. And the last area is seller tools or companies that help to convert lookers to buyers (I could probably have thought of a better name here). Seller tools / Buyer conversion tools. It can also do a lot more than that.

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Tools Sellers Real Estate Contracts 317

Empire Appraisal Group

DECEMBER 19, 2024

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. There are more inventory choices for consumers, lower mortgage rates than a year ago and continued job additions to the economy. Home Sales Report.

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Inventory Buyers Real Estate Realtors 78

Appraisal Buzz

JUNE 24, 2024

Even during a period when home values are typically at their lowest, many prospective first-time buyers were unable to reach their long-term financial goal of becoming homeowners in Q1, according to the Q1 2024 First-Time Home Buyer Affordability Report from Nerdwallet. The main factor influencing home prices is inventory.

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Buyers Advertising Inventory Home Value 273

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors.

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Loan Officers Real Estate Agent Real Estate Finance 418

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. While at the same time, home prices were surging. Typically, when there is a shortage of inventory, with high demand, prices increase.

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Inventory Market Value Appraisal Contracts 243

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This affected buyers and sellers.

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Sellers Buyers Home Value Marketing 78

Housing Wire

FEBRUARY 8, 2024

Remember — most of the time, buyers and sellers may not be actively looking for your services, but when they are, real estate farming ensures you are always top of mind. Current inventory: Monitor the current homes available for sale, including the types of homes, price ranges and unique property features.

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Real Estate Tools Agents Real Estate Agent 444

Hank Miller Team

JANUARY 25, 2022

Purchase Price The purchase price is the amount the buyer agrees to pay the seller; this tends to support the “it’s worth what a buyer will pay” idea. Conditions of the sale are subject to untold variables – economy, location, condition, inventory, local market, concessions, commissions, time of sale…different day, different price.

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Home Value Market Value Buyers Inventory 52

Listing Spark

FEBRUARY 24, 2021

Indicating that not only are we firmly planted in a seller’s market, but a historically crazy seller’s market. To give an example of how we measure the type of market we are in, we look at what’s called the months supply of inventory. In a balanced market, we have typically have 4-6 months supply of inventory.

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Real Estate Marketing Inventory Sellers 69

Quicken Loans

DECEMBER 16, 2021

In addition, home values and sales skyrocketed. In combination with low housing inventory and labor shortages, that drove up selling prices. For anyone interested in buying a home , real estate is still in high demand. These conditions make a seller’s market, meaning the seller has the upper hand.

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Housing Market Marketing Inventory Real Estate 78

Empire Appraisal Group

NOVEMBER 23, 2022

“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 21,” the Denver Post reports.

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Realtors Inventory Sellers Home Value 78

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020.

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Sellers Loan Officers Inventory Home Value 66

Lamacchia Realty

OCTOBER 25, 2024

This trend is more than just the seasonal slowdown and suggests a shift away from the intense seller’s market, offering buyers more choice and potentially reducing competition. As inventory grows, sellers may need to adjust prices , leading to a more moderate market pace that benefits buyers looking for a better deal.

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Sellers Real Estate Buyers Inventory 69

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. Buyers are offering sellers prices considerably above list price in many cases.

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Appraisal Contracts Sellers Home Value 66

Eppraisal

JUNE 8, 2021

Here's what to be prepared for: Competition Inventory is at its lowest point in many years. According to Realtor.com's April 2021 Monthly Housing Market Trends Report, the national inventory of active listings declined by 53% over last year. Prices Too High Home values are rising. Home values have risen.

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Marketing Sellers Buyers Home Value 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."

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Real Estate Agent Real Estate Agents Sellers 68

Birmingham Appraisal

JANUARY 11, 2023

From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. It’s important for sellers to recognize this or the home they are selling may be overpriced and it will take longer to sell. Average Days on Market.

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Housing Market Marketing Inventory Sellers 86