Housing Wire

JULY 10, 2024

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. 1 challenge for his buyers is the current inventory situation. It is inventory. For Campos, the No.

Inventory 419

Inventory Buyers Agents Inspection 419

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. ” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

NOVEMBER 18, 2024

For real estate agents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country. These for-sale market challenges make the rental sector a critical avenue for agents, especially in states with intense competition among high numbers of agents.

Real Estate 391

Real Estate Agents Real Estate Agent Marketing 391

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 488

Inventory Renovations Real Estate Government 488

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. In a statement issued on Tuesday, the MBA said that it welcomes this move from the VA.

Buyers 523

Buyers Agents Real Estate Agent Real Estate 523

Cleveland Appraisal Blog

APRIL 26, 2023

With a shortage of housing inventory persisting, some are resorting to building their own home. If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. Time savers: Because buying land can be a time-consuming process, you may want to use a realtor to save time.

Realtors 271

Realtors Buyers Real Estate Agent Appraisal 271

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgage 468

Mortgage Real Estate Agent Inventory Housing Market 468

Housing Wire

MAY 30, 2024

in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” NAR chief economist Lawrence Yun said in a statement.

Real Estate Agent 530

Real Estate Agent Inventory Realtors Buyers 530

Housing Wire

SEPTEMBER 9, 2024

While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. As of Sept. As of Sept. In 2023 they totaled $1,237,333,276 in total volume.

Real Estate 440

Real Estate Agents Marketing Real Estate Agent 440

Housing Wire

NOVEMBER 6, 2024

According to the company, 40% of shoppers begin the process by looking for a lender and 80% of them don’t have a real estate agent. Compass, in particular, has been vocal about its intent to build an exclusive listings inventory, to which CCP is a significant barrier. While Zillow shares dropped 6.5%

Mortgage 396

Mortgage Real Estate Real Estate Agent Realtors 396

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. At the end of March, total housing inventory sat at 1.11 Meanwhile, unsold inventory sat at a 3.2-month

Inventory 440

Inventory Real Estate Agent Sellers Buyers 440

Inman

JULY 12, 2023

Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday.

Real Estate Agent 127

Real Estate Agent Real Estate Realtors Agents 127

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. from a year ago to $359,000 in January, marking 131 straight months of year over year increases, the National Association of Realtors (NAR) said.

Loan Officers 397

Loan Officers Inventory Real Estate Agent Buyers 397

Housing Wire

OCTOBER 2, 2024

Top Agent Network (TAN) is not backing down in its antitrust lawsuit against the National Association of Realtors (NAR). NAR is the only defendant in the newest version after the plaintiff filed a voluntary dismissal of the San Francisco Association of Realtors , which was originally named as one of the defendants.

Agents 422

Agents Realtors Sellers Brokerage 422

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 410

Inventory Marketing Business Buyers 410

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

Appraisal Buzz

NOVEMBER 4, 2024

First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers. The most helpful source of information during the house hunt was the agents themselves. The post Who Is the Typical U.S.

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We

Real Estate 486

Real Estate Realtors Buyers Real Estate Agent 486

Housing Wire

APRIL 15, 2024

Effective digital marketing has become a priority for loan originators as elevated interest rates, persistently high home prices and lack of inventory have created a challenging landscape for homebuyers. Roomvu is backed by REACH, the venture capital arm of the National Association of Realtors (NAR).

Marketing 417

Marketing Real Estate Agent Tools Realtors 417

Housing Wire

MARCH 27, 2024

The National Association of Realtors (NAR) urged the U.S. Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price.

Buyers 476

Buyers Real Estate Agent Inventory Real Estate 476

Housing Wire

JUNE 22, 2021

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.

Housing Market 475

Housing Market Real Estate Agent Marketing Inventory 475

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 443

Mortgage Real Estate Inventory Construction 443

Housing Wire

SEPTEMBER 17, 2024

To get a sense for what the mood is among real estate agents right now, look no further than Portland , Oregon. Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Overall activity has been stagnant.

Housing Market 451

Housing Market Marketing Sellers Buyers 451

Housing Wire

AUGUST 10, 2020

Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. Homes on the market sold four days faster year over year, as total inventory is down 35%. Now, agents are showing and selling nonstop.

Agents 544

Agents Business Inventory Real Estate Agent 544

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. Opendoor in the fall launched “Opendoor Exclusives,” an Amazon-like marketplace for off-market deals that don’t involve real estate agents.

Agents 435

Agents Real Estate Agent Brokerage Real Estate 435

Housing Wire

JUNE 28, 2024

According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to. Although the market may not be as ideal for sellers, agents say the current market is the best they have seen for buyers in several years.

Housing Market 396

Housing Market Marketing Inventory Buyers 396

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 493

Mortgage Real Estate Agent Renovations Finance 493

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Some agents reported not having made any changes to their business due to the lawsuits, while others have. Always will too,” one wrote.

Agents 442

Agents Realtors Clients Real Estate 442

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

Real Estate Agent 84

Real Estate Agent Real Estate Agents Reconsideration of Value 84

Housing Wire

OCTOBER 29, 2024

Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. According to Mandy Nichols, a Dallas-based Brixstone Real Estate agent, this requirement is causing some first-time buyers to forego representation if it is not property explained.

Marketing 447

Marketing Real Estate Sellers Buyers 447

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 467

Housing Market Buyers Agents Marketing 467

Housing Wire

SEPTEMBER 17, 2021

of offers written by Redfin agents faced a bidding war, down from the peak in April of 74.3%, and below the August 2020 bidding war rate of 59.4%. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. of offers written by Redfin agents facing competition in August.

Buyers 468

Buyers Inventory Real Estate Agent Sellers 468

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. Generate seller leads using AI Artificial Intelligence (or AI) is changing the way agents work in so many ways, and that includes how we generate seller leads.

Real Estate 446

Real Estate Sellers Real Estate Agent Tools 446

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.’

Advertising 459

Advertising Real Estate Agent Mortgage Real Estate 459

Housing Wire

MARCH 15, 2024

You should be finding buyers before real estate agents anyway.” NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents. Kortas believes that good buy-side agents will remain highly relevant and garner more business as competitors wash out.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

MAY 8, 2024

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. He expects that consumers will continue to use agents to aid in their real estate transactions and that they will continue to be willing to pay for value, so the role of the quality real estate agent will not be displaced.

Agents 461

Agents Brokerage Real Estate Clients 461