Housing Wire

SEPTEMBER 19, 2024

million, according to the National Association of Realtors (NAR). Sluggish sales left total housing inventory at 1.35 Despite inventory being considerably higher than last year, the median home price rose 3.1% After a modest monthly uptick in July, existing-home sales fell 2.5% That was a 4.2% decline compared to one year ago.

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Inventory Housing Market Inspection Sellers 459

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?

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Housing Market Real Estate Agent Marketing Inventory 476

Appraisal Buzz

JULY 23, 2024

According to the National Association of REALTORS , existing-home sales decreased in June while the median sales price increased to the highest amount ever recorded for the second consecutive month. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

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Inventory Inspection Realtors Sellers 395

Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. In markets with less inventory and more demand from buyers, sellers are taking advantage of this demand in negotiations on commissions.

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Agents Marketing Sellers Buyers 482

Housing Wire

APRIL 25, 2024

Cincinnati is a great place to live,” said Julie Back , the executive sales vice president of Sibcy Cline Realtors. 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.

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Buyers Marketing Inventory Investors 459

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.

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Housing Market Marketing Real Estate Agent Buyers 543

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

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Housing Market Marketing Realtors Inventory 459

Housing Wire

MAY 14, 2024

In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. 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.

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Buyers Inventory Landlords Real Estate 448

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.

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Housing Market Marketing Inventory Buyers 397

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.”

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Housing Market Buyers Agents Marketing 468

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.

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Inspection Sellers Buyers Realtors 158

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?

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Business Marketing Real Estate Legal 435

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. And then pass that along to the Realtor as well so they’re efficient with their time. “They think, ‘I want to buy a home.’

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Advertising Real Estate Agent Mortgage Real Estate 459

Appraisal Buzz

JULY 23, 2024

million, according to the National Association of Realtors (NAR). Total housing inventory registered at the end of June was 1.32 More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.” Existing-home sales decreased 5.4% million units, up 3.1% in the West.

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Inventory Inspection Realtors Sellers 195

Housing Wire

DECEMBER 6, 2024

How about that pest control service you used for your clients termite inspection? Realtor Property Resource (RPR) Instant local market reports, shareable graphs and reports, neighborhood reports and local insights. Show how much youre in the know by being the one sharing local community events and information.

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Real Estate Clients Tools Sellers 397

Housing Wire

MAY 23, 2023

The need to physically inspect each property will be replaced with data or other inspection options in many cases. In the past, real estate data was hidden behind paywalls and subscriptions, and any consumer who wanted to know what was available or what a home sold for had to reach out to a Realtor. Johnson said.

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Technology Appraisal Lending Valuation 397

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. But, collectively at the Denver Metro Association of Realtors (DMAR), we all agree that this is really no longer the case and hasn’t been for some time. We need to help them understand that they have the luxury of time.

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Agents Buyers Sellers Inventory 435

Housing Wire

OCTOBER 10, 2024

In that case, you’ll miss the signals of opportunity like greater inventory, builder incentives, and assumable mortgages that will allow some buyers to take advantage of the current real estate market. I considered the bigger picture, saying, “Yes, it was the buyer’s responsibility to inspect the line.

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Real Estate Real Estate Agent Agents Clients 448

Cleveland Appraisal Blog

AUGUST 6, 2021

Below is a chart from the National Association of REALTORS article on home buyer regret. WAIVING HOME INSPECTIONS. He said this year has been extremely slow for him because people are waiving home inspections to get a competitive edge on other buyers, bidding on the same home. Getting a home inspection is a personal decision.

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Buyers Property Taxes Inspection Market Value 243

Appraisal Buzz

SEPTEMBER 9, 2024

Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points.

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Sellers Buyers Agents Advertising 397

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Meanwhile, existing-home sales plummeted by 19% in June year over year after declining by 20% in May, according to the National Association of Realtors. Taken by Felix Mizioznikov. Census Bureau , after jumping 20% in May.

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Construction Development Finance Mortgage 370

Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

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Realtors Real Estate Agent Sellers Realty 74

Cleveland Appraisal Blog

JANUARY 21, 2021

So, we will call for an qualified professional to inspect the situation to see what, if anything, needs to be done. In it, I provide short episodes that provide you with stats on median sales prices, marketing times, housing inventory and other related stats, on specific neighborhoods in Northeast Ohio. NON-STRUCTURAL.

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Appraisal Inspection Real Estate Market Value 235

Lamacchia Realty

SEPTEMBER 12, 2024

Joselin Malkhasian & Nicole Vermillion quoted in recent Boston Globe article On September 11th, Lamacchia REALTORS® Joselin Malkhasian and Nicole Vermillion were quoted in a new Boston Globe article discussing why agents say that the fall of an election year is the best time to purchase a home. “The

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Inspection Decorating Realty Sellers 73

Empire Appraisal Group

MARCH 16, 2023

Use Data | Florida Realtors Hard Convincing Sellers Not to Overprice? Use Data By Jennifer Warner Florida Realtors economist : Many sellers today plan to overprice their home, but overpricing isn’t new. Gone were sound practices like inspections, appraisals and even contingent offers. New Pending Sales is a “leading indicator.”

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Sellers Inventory Realtors Clients 78

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. That’s where you, the lenders, can step in and help.

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Appraisal Inspection HOA Real Estate 78

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. In fact, our REALTORS had multiple properties that had over 30 offers! Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall.

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Sellers Inventory Buyers Realtors 74

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

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Inspection Buyers Sellers Real Estate 74

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

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Inspection Real Estate Agent Real Estate Agents 69

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Bring him copies of the offers to the inspection. Or it could signal that inventory levels are low and buyers have very few alternatives. Are inventory levels low? Tell the appraiser.

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Realtors Appraisal Contracts Real Estate Agent 36

Rowe Appraisal Group

MAY 6, 2020

This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Bring him copies of the offers to the inspection. Or it could signal that inventory levels are low and buyers have very few alternatives. Are inventory levels low? Tell the appraiser.

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Realtors Appraisal Contracts Real Estate Agent 36

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. Consider Waiving Inspection. Shorten Contingency Time Frames.

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Sellers Inspection Buyers Bracketing 74

Lamacchia Realty

JUNE 16, 2022

Your REALTOR® can help weed out any properties that don’t match your criteria. Once you figure out your wants and needs, there are other steps to take before you get to the closing table including getting pre-approved and working with your REALTOR® to submit an offer once you find a home you want. What schools are around? Read More ».

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Realtors Inspection Realty Buyers 69

Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

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Appraisal Inspection Buyers Valuation 78

Realtor

MAY 18, 2018

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

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Appraisal Inspection Buyers Valuation 78

Listing Spark

AUGUST 25, 2022

Home inspections are a critical part of real estate. For most buyers and sellers though, they don’t know what they should be looking for in a home inspection. Is there anything you can do to better prepare for future home inspections? 1:08 – What Clayton and Green Scene Home Inspections do. Episode overview.

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Inspection Real Estate Construction 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. Most homes sold within a few days in multiple offer situations which buyers had little leverage or room for contingencies or even home inspections!

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Marketing Sellers Buyers Inventory 69