HomeLight

JANUARY 22, 2024

Skip repairs and close in as few as 10 days. Looking to sell a house “as is” in Virginia? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. The second reason we come across is speed and convenience. Yes Is a real estate attorney required?

As-is 90

As-is Inspection Equity Renovation 90

Housing Wire

JANUARY 20, 2023

From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun.

Sales 540

Sales Days on market Mortgages Lending 540

HomeLight

DECEMBER 31, 2023

Billings has over 500 transactions in his market, with an average price of $354,000. “If If it’s a requirement because the house is in disrepair, then we usually make it part of the marketing that the house needs work and to fix up; it’s just different by each scenario,” he says. Why sell your home “as is”?

As-is 84

As-is Inspection Finance Loans 84

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

Marketing 537

Marketing Sales Mortgages Days on market 537

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. The 10-year yield didn’t let up this last week, as more robust economic and inflation data kept levels elevated and pushed mortgage rates higher. Weekly inventory change (Feb.

Marketing 428

Marketing Mortgages Days on market Sales 428

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. Summer is here, and housing inventory is finally growing! Purchase apps had a small week-to-week gain.

Marketing 404

Marketing Mortgages Days on market Sales 404

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. First, it took the longest time in U.S.

Marketing 503

Marketing Mortgages Banks Land 503

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. As a result of the fallout from the great recession, mortgage quality has been far more regulated and viewed with suspicion.

Marketing 483

Marketing Equity Mortgages Short sale 483

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Purchase apps look out for 30-90 days, so it will be some time before this hits the home sales data.

Marketing 465

Marketing Mortgages Sales As-is 465

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important. Last week’s housing market data provided mixed news. Since Nov.

Marketing 502

Marketing Mortgages Sales As-is 502

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 This level is still within my 2022 forecast sales range between 5.74

Marketing 542

Marketing Investor Sales Days on market 542

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 431

Agents Equity New Construction Days on market 431

Housing Wire

JUNE 8, 2022

Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood. It’s no secret — today’s market is extremely tight and competitive,” said Michael Crockett, chief data officer at Xactus.

Short sale 346

Short sale MLS Banks Loans 346

Housing Wire

NOVEMBER 19, 2020

Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. I previously wrote that if we really saw cracks in the housing market, these are a few indicators to track and to beware of doom and gloom housing headlines. year over year. Don’t listen. The increase of 15.5%

Marketing 545

Marketing Sales Mortgages Days on market 545

Housing Wire

NOVEMBER 30, 2023

Kenon Chen: The challenge that’s in front of everyone continues to be the market itself, and then housing affordability. With mortgage rates continuing to remain high and home prices remaining high because of low supply, we’ve had another year of a reduced market. KC: Change is always hard.

Loans 422

Loans Technology Days on market Investor 422

Keeping Current Matters

SEPTEMBER 2, 2021

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. Mortgage Rates.

Marketing 258

Marketing Days on market Mortgages Residential 258

Housing Wire

MAY 9, 2022

housing market follow Canada? housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. Home prices in the U.S. look very cheap.

Short sale 527

Short sale Mortgages Equity Sales 527

Housing Wire

OCTOBER 24, 2022

It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. But it’s clear that the dramatic shift in the market is about more than just seasonal fluctuations. Home buyers got spooked when mortgage rates passed 5.5%. in September to 6.5%

Marketing 317

Marketing Mortgages Equity Days on market 317

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme. A boring and balanced (B&B) housing market is the best housing market. This means 4%+ mortgage rates.

Sales 506

Sales Mortgages As-is Marketing 506

Housing Wire

DECEMBER 29, 2021

The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. Now that we are just a few days away from 2022, it’s time to take a look at the positive and the negative housing stories of 2021. mortgage rates, so on the mortgage rate side of the equation, it’s never been better.

Marketing 530

Marketing Equity Construction Bankruptcy 530

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. 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.

Marketing 391

Marketing Inspection Sales Lending 391

Housing Wire

JANUARY 20, 2023

The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.”

Sales 368

Sales MLS Mortgages Marketing 368

Realty Biz

APRIL 18, 2022

Rapidly rising mortgage rates may help to reduce housing demand this spring, as the worsening affordability causes more buyers to be priced out of the market, experts say. Mortgage applications are already down more than 6%, according to a report by Redfin. Keep an eye on days-on-market and a decrease in multiple offers.

Mortgages 95

Mortgages Days on market Sales Marketing 95

Housing Wire

MARCH 2, 2023

Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “ What happened to ‘normal’?

Agents 387

Agents Fixed-rate mortgage Marketing Mortgages 387

Real Trends

APRIL 8, 2022

Soaring mortgage rates are largely to blame, according to Redfin’s economists. The report examined housing market data in over 400 U.S. The report attributed the increase in price drops to rising mortgage rates and suggests that the sellers’ grip on the market might be starting to loosen. percentage points in 2019.

Mortgages 86

Mortgages Days on market Marketing Sales 86

Housing Wire

MARCH 31, 2021

Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. A healthy housing market is considered roughly six months of supply. Only the upper-end market is experiencing more activity because of reasonable supply.”. respectively.

Sales 493

Sales Days on market Marketing Mortgages 493

Realtor.com

FEBRUARY 3, 2023

Getty Images Mortgage rates have dropped yet again—could this spell an opportunity for homebuyers? This dip in mortgage rates, combined with plenty of homes on the market, adds up to a potential win for homebuyers. In January, homes typically sat on the market for 75 days. 2, according to Freddie Mac.

Mortgages 91

Mortgages Sales Marketing Loans 91

Realtor.com

DECEMBER 1, 2022

Getty Images As the housing market barrels toward the end of the year and all of its holiday trimmings, potential homebuyers are likely wondering what’s in store for the coming season. That translates to a whopping 240,000 more homes for sale on any given day in November. Inventory is soaring, but is that good news? The result?

Mortgages 120

Mortgages Seller concession Closing costs Sales 120

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. On Tuesday, the S&P CoreLogic Case Shiller Index reported that national home prices grew 18% year over year. Housing inventory issue with no booming demand. million listings.

Bankruptcy 382

Bankruptcy Days on market Sales Short sale 382

Keeping Current Matters

JULY 12, 2021

The report notes homes are selling in an average of just 17 days. Average days on market is a strong indicator of buyer competition, and homes selling quickly is a great sign for sellers. There are signs, however, that more homes are coming to market. When Supply Is Low, Your House Is in the Spotlight.

Equity 270

Equity Days on market Mortgages Sales 270

Marco Santarelli

OCTOBER 5, 2023

The Baton Rouge housing market is currently experiencing a slight cooling in buyer demand , resulting in a more balanced market. There are a few factors contributing to the cooling in buyer demand: Mortgage rates: Mortgage rates have risen significantly in recent months, making it more expensive to buy a home.

Marketing 98

Marketing Days on market Investor Sales 98

BubbleInfo

JULY 7, 2022

Here is a good sampling of the NSDCC pricing decisions made in May (mortgage rates started going up the first of April). The days-on-market are on the left. Days on Market: All 28 found their buyer quickly – only one took as long as ten days! Paid Over List: 21 of 28 paid over the […].

Days on market 105

Days on market Mortgages As-is Marketing 105

Housing Wire

NOVEMBER 30, 2021

Mortgage rates? a buyer’s market. ? . Why focus on what the national experts are saying when you could be an expert in your very own market??? Finding out that Chicago’s real estate market could still skyrocket a double-digit percentage?is new listings, sold listings, days on market, off-market listings?—?will

MLS 432

MLS Agents Branding Staging 432

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. You’ll want to include the list price, sale price, and days on market. Access to a hyper-local agent is more important now than ever.

Brokerage 371

Brokerage Investor Agents Pre-approval 371

Housing Wire

OCTOBER 25, 2021

Although this is a clear sign of a slowing market, housing economists say the changes are along the lines of typical seasonal slowdowns. In addition, with one-third of homes stayed on the market for less than a week and inventory was down 13% from a year prior. . ” Top markets for affordable renovated housing inventory.

Renovation 404

Renovation Banks Brokerage Agents 404

Marco Santarelli

OCTOBER 3, 2023

The Little Rock housing market is currently experiencing a period of change and uncertainty. Home prices have seen a slight decrease compared to the previous year, yet the market remains relatively competitive. Several factors contribute to the present state of the Little Rock housing market.

Marketing 98

Marketing Pre-approval Days on market Commercial 98

Marco Santarelli

APRIL 26, 2024

housing market has always been dynamic, but recent reports indicate a significant surge in home prices, hitting an all-time high , alongside a rise in mortgage rates. This is one of the most substantial jumps since October 2022 , reflecting a robust and competitive market. increase from the previous year.

Mortgages 52

Mortgages Days on market Sales Marketing 52