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With low inventory, house hunters are in full safari mode

Housing Wire

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. trillion — with sales of new homes rising in dominance. That compares to a record $4.4

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Recruiters turn to AI in their quest to lure top agents

Housing Wire

While real estate brokerages have no control over interest rates, transaction levels or home sales prices, they realize that proactive recruiting of agents is a key to success in a slow market. Sales managers often struggle to source enough quality agents to feed the top of their funnel.

Agents 296
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Fix and flip market struggles as financing costs rise

Housing Wire

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 342
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How to Sell a House With Fire Damage

Realty Biz

It's crucial to assess the extent of the damage and decide whether to sell the property as-is or make necessary repairs. Timing the sale is also important, ensuring the safety of potential buyers. Assessing the damage requires a comprehensive property evaluation, identifying areas affected by the fire, smoke, and soot.

Investor 110
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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Plus, if you start your research early, you will be much more prepared when the time comes to have a home inspected and appraised. While home inspections aren’t required, they provide the buyer with several important opportunities in the home-buying process. After all, no property is perfect. Home Inspection.

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Jackson Housing Market: Prices, Trend, Forecast 2023

Marco Santarelli

Potential and Positive Signals Amid challenges, infrastructure investments and efforts to address crime indicate potential. Tips for Navigating the Market Buyers: Research and define your preferences. Number of Sales: There were 110 homes sold in August 2023, showing an increase from the 99 homes sold during the same period last year.

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Don't Be Fooled By The Inaccuracy of Zillow Zestimates

Realty Biz

Zillow provides an easy-to-use interface and immediate property value estimates. Zillow provides an easy-to-use interface and immediate property value estimates. Zillow estimates home values for properties across the United States. Densley-populated areas with many sales tend to be more accurate than rural areas.