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.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

JULY 10, 2024

But Fleischmann noted that he still sees the occasional escalation clause, as well as waived inspections and appraisal gap clauses. “I 1 challenge for his buyers is the current inventory situation. I think buyers will have the opportunity to negotiate a bit more, get their inspections done and have a little bit of fight in the game.”

Inventory 434

Inventory Buyers Agents Inspection 434

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 being outbound. “We

Inventory 439

Inventory Housing Market Marketing Real Estate 439

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further. However, housing affordability worsened.

Inventory 448

Inventory Housing Market Marketing Construction 448

Appraisal Buzz

MARCH 5, 2025

Increasing inventory and reduced demand has tilted the housing market in buyers favor in recent months. As a result, some house hunters backing out during the inspection period because a better house for them has come along or at least the promise of a better house.

Buyers 273

Buyers Inspection Agents Contracts 273

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war. The result: a bottleneck with scores of would-be buyers in a low-inventory market.

Inspection 545

Inspection Inventory Buyers Sellers 545

Housing Wire

MAY 3, 2024

Serious buyers showed discernment as they know inventory is growing. These buyers understand that more inventory is coming to the market and that they will have options. They are also aware that they can negotiate on price and terms up front, as well as negotiate at inspection. With only 1.3

Inventory 454

Inventory Inspection Lending Real Estate 454

Housing Wire

SEPTEMBER 19, 2024

Sluggish sales left total housing inventory at 1.35 Despite inventory being considerably higher than last year, the median home price rose 3.1% That was a 4.2% decline compared to one year ago. million, which is a month-over-month gain of 0.7%. And it’s 22.7% In the West, sales fell more modestly — 2.7% from the prior month and 1.4%

Inventory 459

Inventory Housing Market Inspection Sellers 459

Appraisal Buzz

JULY 23, 2024

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 million units in the total housing inventory, up 3.1% from May and 23.4% from May and 23.4%

Inventory 395

Inventory Inspection Realtors Sellers 395

Housing Wire

JUNE 22, 2021

Lack of inventory. Real estate agents cited a lack of inventory as the main hurdle preventing their clients from completing a transaction, according to the National Association of Realtors. We don’t have any inventory. If you’re an FHA or VA buyer, you don’t stand a chance. So, what does this mean for buyers?

Housing Market 476

Housing Market Real Estate Agent Marketing Inventory 476

Housing Wire

JULY 23, 2024

In spite of rapidly rising inventory, high prices and mortgage rates are still keeping buyers at bay. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. In his market, 17.6% of buyers canceled in June.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It For buyers, the tight inventory has meant frequent compromises to their search parameters.

Buyers 418

Buyers Inventory Marketing Real Estate 418

Housing Wire

JULY 24, 2024

Inventory is low, rates remain high, and lawsuits abound,” Gorman said. Earlier this year, RealReports announced a new feature for Aiden that the company claims harnesses the capabilities of multimodal AI to analyze and summarize property documents — including inspection reports, appraisals and seller disclosures.

Realtors 468

Realtors Tools Real Estate Agent Real Estate 468

Housing Wire

FEBRUARY 23, 2024

Local agents attribute at least some of the market’s hotness to the inventory situation. We are back to seeing people paying over asking, waiving home inspections and doing whatever they need to do to purchase a property.” Due to the low inventory and high demand, the 90-day average median days on market in the metro area as of Feb.

Housing Market 493

Housing Market Marketing Inventory Buyers 493

Housing Wire

SEPTEMBER 9, 2024

Like with the amount of earnest money deposit or including an inspection contingency, the amount the buyer is asking the seller to pay her agent is a term that impacts the strength of the offer,” Redfin chief economist Daryl Fairweather said in a statement.

Agents 482

Agents Marketing Sellers Buyers 482

Housing Wire

MAY 14, 2024

If something comes up on inspection that wasn’t a big deal when interest rates were closer to 3%, now it is more magnified and pushes them out the door a lot quicker,” Levin said. In addition to making buyers more prudent in their purchases, local real estate professionals also say interest rates are to blame for the area’s lack of inventory.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Housing Wire

MARCH 18, 2021

One example is Colorado’s housing market, which has seen the effects of an insanely competitive market combined with low inventory push buyers into secondary cities – and sometimes, beyond. For a time, Colorado Springs became the de facto destination for buyers priced out of living in Denver.

Housing Market 543

Housing Market Marketing Real Estate Agent Buyers 543

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. Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

APRIL 25, 2024

Although there is no doubt among local real estate professionals that demand is high in the Cincinnati housing market, agents say the area’s low inventory situation is only adding to the challenge facing consumers. We are going to see an increase in inventory. So, they are just hunkering down.”

Buyers 459

Buyers Marketing Inventory Investors 459

Housing Wire

MAY 21, 2024

Research local market trends Stay informed about local market trends, such as inventory levels, demand, and median home prices. Be diligent with a home inspection Since non-disclosure states lack public information on property conditions, a thorough home inspection becomes even more critical.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? One of those steps is the home inspection and with the home inspection, major issues can arise. A home inspection provides the buyer with a detailed report of the home’s structure, plumbing, electrical, foundation, roof, etc.

Inspection 158

Inspection Sellers Buyers Realtors 158

Housing Wire

OCTOBER 6, 2020

With ever-waning levels of inventory, surging homebuyer demand and bidding wars on the rise, it’s clear that sellers have the upper hand this season. You can also bet it will show up on the inspection report. And while that certainly bodes well for homeowners (hello, more profits!) Are you considering putting your home on the market?

Renovations 497

Renovations Inspection Buyers Inventory 497

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At We are still going to suffer from lack of inventory.”

Housing Market 468

Housing Market Buyers Agents Marketing 468

Housing Wire

SEPTEMBER 30, 2021

Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Besides a high-demand, low-inventory market, Aubuchon must contend with a new competitor on the block. One kid will give their parent’s car.” Aubuchon says buyers are making too many concessions.

Housing Market 370

Housing Market Marketing Real Estate Agent Loan Officers 370

Housing Wire

AUGUST 14, 2023

And while the seven-day moving average for single-family inventory was just 36 homes as of June 2023, it is far better than the 15 homes listed in mid-May of 2023. Inventory was a huge issue the last few years, but we do have some inventory now across all price points, so at least buyers have choices now,” Dominguez said.

Housing Market 370

Housing Market Marketing Inventory Agents 370

Appraisal Buzz

JANUARY 3, 2025

In similar fashion, total for-sale inventory is struggling to escape a deep hole that formed early in the pandemic. Although the number of new listings entering the market is still about 14% less than it was prior to the epidemic, this represents a significant improvement over the 25% shortfall in March. metro regions. 27.8% -26.3% -13.5%

New Listings 396

New Listings Inventory Buyers Inspection 396

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

SEPTEMBER 9, 2020

With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. Another critical element, according to agents, is not to make the deals contingent upon things like inspections and not to “nickel and dime” the seller. of offers, followed by townhomes at 54.7%

Agents 501

Agents Marketing Clients Buyers 501

Housing Wire

FEBRUARY 22, 2024

Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. months as of December 2023), and implementing measures to moderate home price appreciation, fostering increased affordability. HW: What are the risk management challenges for REO assets?

Business 435

Business Marketing Real Estate Legal 435

Housing Wire

JANUARY 14, 2022

Still, there’s a sustained, nationwide surge in housing demand, plus a crippling lack of inventory – and Rochester is hardly impervious to either of these historic trends. Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections.

Agents 448

Agents Inventory Buyers Marketing 448

Housing Wire

NOVEMBER 4, 2020

Servicers are holding foreclosure inventory due to the moratorium, causing delayed maintenance and a backlog of evictions and foreclosures in courts. VRM can: Be on hand to cost-effectively address specific inventory challenges and assist with a solution for resolving expired forbearances.

Lending 395

Lending Clients Investors Training 395

Housing Wire

APRIL 2, 2024

People are still buying homes, but we are still seeing multiple offers like crazy, seeing a lot of people waive contingencies such as inspections. Because of the lack of inventory and multiple offers, the NAF Cash product will give an advantage for my clients over other butter that cannot make a cash offer,” said Steinway.

Loan Officers 448

Loan Officers Retail Finance Buyers 448

Housing Wire

JUNE 24, 2021

The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. The home is then sold back to the buyer at the same price that it was purchased for.

Sellers 418

Sellers Buyers Investors Inspection 418

Housing Wire

OCTOBER 1, 2020

In ultra-competitive markets, where inventory is low and homes can sell in 48 hours, the “verified” approval could be the key to victory, said Jay Farner, the CEO of Rocket Companies. The partnership allows the consumer to have a more integrated home-buying experience, according to Rocket.

Advertising 459

Advertising Real Estate Agent Mortgage Real Estate 459

Housing Wire

MARCH 1, 2022

As traditional homebuilding methods struggle to solve America’s housing inventory crisis, Veev is using a new turnkey, panelized approach to expedite production, improve sustainability and reduce the cost of building a home.

Construction 418

Construction Development Design Inspection 418

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both.

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

AUGUST 14, 2023

Housing inventory has been hovering at or near all-time lows for months. Scarce inventory combined with high interest rates have caused loan volumes to plummet, resulting in significant pressures on lenders to squeeze more profit margin from every loan and find ways to attract and retain consumers just to maintain market share.

Modernization 370

Modernization Appraisal Technology Appraisal Process 370