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. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. The post Is this housing market affordable for the average shopper?

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Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

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Housing Wire

OCTOBER 27, 2020

The real estate market is hot right now, and bidding wars are the norm in many parts of the country. They mean a longer sales process, potential repair costs, and maybe even a lost deal altogether. This allows them to keep marketing their home even after accepting your offer. But they’re also an extra hassle for sellers.

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Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. HW: What are the risk management challenges for REO assets?

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Housing Wire

MARCH 22, 2021

And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. That’s likely because those strategies are so common in a competitive market. The result: a bottleneck with scores of would-be buyers in a low-inventory market. You won’t win the bidding war.

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Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. Sales of existing homes in June fell 5.4% Sales of existing homes in June fell 5.4% The median sales price jumped 4.1% Sales in the Northeast were down 6% and prices were up 9.7%.

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Housing Wire

APRIL 25, 2024

Monika DeRoussel was in a meeting, away from her phone and email, when a client messaged her that a property in their price range and desired neighborhood had a for-sale sign in the yard. It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We Altos considers anything above a 30 to be a seller’s market.

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Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

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Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year. . It’s like a horse race.

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Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Others are “full disclosure,” meaning all property sales and prices are reported, and are a matter of public record.

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Housing Wire

SEPTEMBER 9, 2020

In the ultra-competitive Westchester market, the odds were stacked against Heather Harrison and her client. Prospective buyers need to be armed with as much data as possible about the market they’re targeting. Spreading out in the hottest market will cost you. “The client went to highest and best on Monday at 5 p.m.,

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Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. However, in many areas of the country it does remain a seller’s market. Historically 2.5

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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. So, this year, April and May were a little slower, so it felt like we were getting back to a normal market. as of June 21, 2024. as of June 21, 2024.

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Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Mortgage lenders want to make sure the property is worth the sale price.

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Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount.

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Housing Wire

JULY 29, 2022

Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. The median home-sale price nationwide did rise 11.2% Pending home sales in June stood at 500,000, a 12.6% And price carefully.

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Housing Wire

OCTOBER 10, 2023

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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Housing Wire

OCTOBER 6, 2020

Are you considering putting your home on the market? If you know there’s something broken or needs renovation, then get it fixed before putting your home on the market. You can also bet it will show up on the inspection report. This could mean losing out on valuable profits or the entire sale altogether. The bottom line.

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Housing Wire

MARCH 18, 2024

As part of our overall mission to digitize the housing continuum, ICE is marrying technological innovation with our vast data assets to bring transparency and accuracy to a complex, often confusing market.” Consumers will supplement their requests with pictures of the property.

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Housing Wire

SEPTEMBER 24, 2024

She transitioned to real estate sales in May 2022 after a three-year career in property management. My attention to detail with inspections, paperwork and closings are essential when it comes to helping clients buy and sell their homes,” Hu said in a statement. “I Hu was previously brokered with Keller Williams Santa Clara Valley.

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Housing Wire

APRIL 2, 2024

billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area. Chicago, I think, is suffering more than most markets in the United States. Steinway, who closed more than $1.5

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Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document. markets, according to the page.

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Housing Wire

JULY 26, 2024

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

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Housing Wire

JULY 23, 2024

Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% Housing markets that were hot after the pandemic began had the highest cancellation rates last month as many of those markets have cooled. In his market, 17.6% of buyers canceled in June.

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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. The Toledo metro area has a 90-day average Altos Research Market Action Index score that has hovered between 50 and 54 since early March.

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Housing Wire

NOVEMBER 4, 2024

Much of this work was conducted on large national listing portals, but I also utilized Altos Research market reports to track home-price and inventory trends in my search area of southern New Hampshire. Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82

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Keeping Current Matters

SEPTEMBER 15, 2021

In today’s sellers’ market , standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. Speed and the pace of sales are contributing factors to today’s competitive housing market. In today’s market, that’s often not the case.

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Housing Wire

JANUARY 14, 2022

In November, Rochester’s median home sales price was $154,838, according to Redfin , less than half of the national median that month of $335,519. The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. That median sales price is up 3.8%

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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. Real estate professionals in Santa Monica attribute the increased share of first-time buyers to having fewer move-up buyers in the market. They spook easier.

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Housing Wire

DECEMBER 14, 2022

During the moratoriums, all of our post-foreclosure sales work, the REO, the post-sale, FHA work really almost went to zero,” said Michael Greenbaum, COO of Safeguard Properties. In October, the company added more than 275 subcontractors that complete inspections, preservation and yard/snow services to its network.

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Housing Wire

OCTOBER 10, 2023

We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market.

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Housing Wire

JUNE 10, 2021

According to Redfin, the average real estate commission is 5%–6% of the home’s sale price. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Of course, this percentage varies depending on the agent and the location of the house being sold. Seller Concessions.

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Keeping Current Matters

JUNE 21, 2021

The problem is, in today’s market there just aren’t that many homes available to purchase. Today’s market is dynamic and fast-paced. Your ability to do a quick close or make an offer that’s not contingent on the sale of your current home. In today’s market, that’s often not the case. Brace for a Fast Pace. Bottom Line.

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Housing Wire

JANUARY 12, 2023

They can do this by applying advanced technology — digital title solutions, automated inspection and appraisal tools, consumer-facing scheduling apps and eClosing solutions — and working with you to optimize your internal workflows and processes. Second, your partner should be agile in their response to evolving regulations and market needs.

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Housing Wire

MAY 9, 2022

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. was the most expensive market for closing costs at an average of $29,888.

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Housing Wire

DECEMBER 8, 2020

Sundae pairs sellers of distressed properties with potential buyers, claiming that homeowners can close in as little as 10 days or wait and choose to remain in the home for weeks after the sale. The property is then offered on its marketplace for investors to bid on. .”

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Keeping Current Matters

NOVEMBER 30, 2020

Today’s real estate market has high buyer interest and low housing inventory. A recent article from Freddie Mac offers guidance on making an offer on a home in today’s market. These are both results of today’s competitive market, showing how important it is to stay agile and vigilant in your search. Be a Flexible Negotiator.

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