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

SEPTEMBER 9, 2024

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. Agent consensus: Demand for the listing determines how much a buyer or seller can negotiate, much like in typical real estate transactions. to the buyer’s agent.”

Sellers 397

Sellers Buyers Agents Advertising 397

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

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. That will likely drive fees down over time.”

Agents 482

Agents Marketing Sellers Buyers 482

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

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. Serious buyers showed discernment as they know inventory is growing. Difficult inspections have been on the rise over the last few months. With only 1.3

Inventory 452

Inventory Inspection Lending Real Estate 452

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. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.

Real Estate 397

Real Estate Clients Tools Sellers 397

Appraisal Buzz

JULY 23, 2024

“Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. 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

Inventory 395

Inventory Inspection Realtors Sellers 395

Housing Wire

FEBRUARY 23, 2024

Altos considers anything over 30 to be a seller’s market. 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.” We’ve got this total rate-lock event.”

Housing Market 493

Housing Market Marketing Inventory Buyers 493

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

Inman

MARCH 27, 2025

Five years after the arrival of COVID in the US, 94 percent of Gen Z and 86 percent of millennial first-time homesellers say they regret their pandemic-era purchase, according to an analysis by Opendoor.

Sellers 130

Sellers Inspection Inventory Buyers 130

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. Buyers are still buying and sellers are still selling. So, this year, April and May were a little slower, so it felt like we were getting back to a normal market.

Housing Market 397

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 Altos considers any score above 30 to be a seller’s market.

Housing Market 468

Housing Market Buyers Agents Marketing 468

Housing Wire

MAY 21, 2024

Research local market trends Stay informed about local market trends, such as inventory levels, demand, and median home prices. While the appraisal is not a guarantee of the final sale price, it can help you understand the fair market value of the home and can assist in making informed decisions during negotiations with the seller.

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Real Estate Agent Real Estate Inspection Valuation 488

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.” It is not going to slow down.

Buyers 459

Buyers Marketing Inventory Investors 459

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!) A few high-ROI updates.

Renovations 497

Renovations Inspection Buyers Inventory 497

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. and condos at 41.3% – 54.5%

Agents 501

Agents Marketing Clients Buyers 501

Housing Wire

JUNE 24, 2021

If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close. 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 trio closed a $7 million seed round in 2019.

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Sellers Buyers Investors Inspection 418

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

Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? Is the seller not willing to negotiate repairs? One of those steps is the home inspection and with the home inspection, major issues can arise. As a buyer, always try to come to the seller from a kind, courteous place.

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Inspection Sellers Buyers Realtors 158

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

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. HW: What are the risk management challenges for REO assets?

Business 435

Business Marketing Real Estate Legal 435

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. Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Sellers are even using this as a tool to attract buyers. It never will be.

Agents 435

Agents Buyers Sellers Inventory 435

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

Real Estate 466

Real Estate Open Houses Brokerage Real Estate Agent 466

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

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% They’re making sky-high offers and writing heartfelt letters to sellers about why they should get the house. The provisions of a contingency contract are there to protect buyers and sellers. Home inspection.

Inspection 200

Inspection Real Estate Agent Real Estate Buyers 200

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.

Real Estate 448

Real Estate Real Estate Agent Agents Clients 448

Appraisal Buzz

AUGUST 19, 2024

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. A greater likelihood of a home being valued over $1 million for homeowners and sellers translates into more money in their budget or real estate portfolio. “The

Home Value 396

Home Value Luxury Properties Buyers Inspection 396

Appraisal Buzz

JULY 23, 2024

Total housing inventory registered at the end of June was 1.32 We’re seeing a slow shift from a seller’s market to a buyer’s market,” says Lawrence Yun, chief economist for NAR, in a statement. Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. in June compared with June 2023 to $426,900.

Inventory 195

Inventory Inspection Realtors Sellers 195

Eppraisal

OCTOBER 26, 2021

The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. Buyers are pulling many different strings in order for their offers to be accepted including offering sellers significantly above list prices. We're currently at 3.7

Inspection 69

Inspection Buyers Real Estate Agent Contracts 69

Empire Appraisal Group

MARCH 16, 2023

NEWS & MEDIA sorbetto / Getty Images Source: Hard Convincing Sellers Not to Overprice? 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. ORLANDO, Fla.

Sellers 78

Sellers Inventory Realtors Clients 78

Cleveland Appraisal Blog

MAY 27, 2021

However, there are some neighborhoods, few though they are, in which property prices are stable or even in decline, despite there being a shortage of home inventory. When I appraise a home, I measure it, if the scope of my work involves physically inspecting the home, which it normally does. SIZE MATTERS. I hope you will also… .

Market Value 418

Market Value Appraisal Buyers Contracts 418

Lamacchia Realty

SEPTEMBER 12, 2024

Discussing the topic of interest rates, Nicole Vermillion out of our Lamacchia Realty Braintree Office says, “ I think the rates trending downward will encourage some sellers who’ve been sitting on a 2.75 Sellers that aren’t restricted by time restraints are probably going to wait for the spring. … It’s great for buyers.”

Inspection 73

Inspection Decorating Realty Sellers 73

Cleveland Appraisal Blog

FEBRUARY 17, 2021

Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. I explained why a full interior inspection is better. But they insisted on not having an interior inspection made. If a home needs major repairs, clearly this can have a negative impact on market value.

Appraisal 219

Appraisal Clients Inspection Market Value 219

Cleveland Appraisal Blog

MARCH 18, 2021

When I made my inspection, I measured the property. With a shortage of inventory, it was not hard to imagine why this might be the case. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Whether or not the seller makes a lot of money on the deal is none of my concern.

Appraisal 195

Appraisal Investors Market Value Contracts 195

Hank Miller Team

APRIL 4, 2022

What are the trends, inventory, mortgage rates, forecasts? What are the winning buyers doing; waiving/modifying contingencies, extra earnest money, option money, post close occupancy for sellers? Those not waiving inspections try for the “right to inspect”; a modified and very narrow inspection option.

Buyers 75

Buyers Inspection Sellers Contracts 75