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In the Mid-Atlantic, more sellers are listing second homes and investment properties

Housing Wire

Unlike a typical spring homebuying season in which sellers are also looking to buy a home, people trying to relocate into a bigger or smaller home in the Mid-Atlantic region made up a relatively small share of the housing market. of sales were rental or investment properties or second homes , according to a survey of 1,063 listing agents.

Sellers 367
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Housing Inventory Hits Five-Year High

Appraisal Buzz

Active listings of homes for sale rose to the highest level since early in the pandemic. New listings hit the highest level since July 2022, increasing 1.9% I have sellers saying, I think were at the top of the marketIm ready to cash out and put my money into another investment. They climbed 0.3% year-over-year.

Inventory 397
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Slowing Demand Leaves Homebuyers With More Options 

Appraisal Buzz

New Redfin data reported the largest gain since the end of last year occurred in the four weeks ending February 2, when new listings of homes for sale in the U.S.increased 7.9% A larger pool of options is becoming available to homebuyers as a result of the increase in new listings and the decline in sales.

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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

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. You can also create messaging for your investor clients to inform them of possible investment opportunities. Here are some of the ways you can segment your contacts.

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How to follow up with unresponsive clients without being pushy

Housing Wire

After the National Association of Realtors settlement changed how commission is paid, there was some fear among agents that buyers and sellers might forgo their services in favor of handling the transaction themselves. However, some sellers had complaints. Do they need to buy a new home urgently because of a new job?

Clients 305
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Owning a condo in Florida is becoming less attractive: Redfin

Housing Wire

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

HOA 501
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The 2023 housing market is at odds with itself

Housing Wire

The number of new listings coming on the market this spring is lower than it has been in more than a decade. Sales and new pending contracts are below pre-pandemic levels. Bright MLS’ recent survey showed that sellers in the Mid-Atlantic received an average of 3.4 Selective sellers. Who is selling right now?