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Home sale cancellations hit record high in January

Housing Wire

Why sales are falling through Redfin said several factors are contributing to the spike in failed transactions: Rising supply , falling demand : Housing inventory has climbed to its highest level since 2020, giving buyers more choices. With less competition, some buyers are backing out during the inspection period, hoping for a better deal.

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Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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Interest rates and inventory challenge buyers in northwest Ohio

Housing Wire

While Northwest Ohio ’s housing market has remained fairly strong in recent months, local real estate agents say things become a bit more complicated when you segment the market by price point. But Fleischmann noted that he still sees the occasional escalation clause, as well as waived inspections and appraisal gap clauses. “I

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

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. Cleveland – Residential construction and real estate activity declined further.

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Is this housing market affordable for the average shopper?

Housing Wire

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Lack of inventory. We don’t have any inventory. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing.

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How Pueblo, Colorado became a hot housing market

Housing Wire

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. So, how are Pueblo real estate agents handling the unprecedented housing market activity?

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RealReports partners with San Francisco Realtors to provide AI-based property intelligence

Housing Wire

It stresses that AI tools are not designed to displace real estate professionals but to add to their efficiency. While AI won’t replace real estate agents, those who use it are already outcompeting those who don’t,” said James Rogers, co-founder and CEO of RealReports. The industry is at a crossroads.

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