Housing Wire

NOVEMBER 14, 2023

. “Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. ” The longer inflation stays elevated, the more customers expect inflation to remain high. In comparison, the CPI rose 3.7%

New Construction 340

New Construction Construction MLS Residential 340

Housing Wire

AUGUST 18, 2023

Even in a hot seller’s market, there is aspirational pricing. Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. The average days on the market You should know this stat for properties like your subject property.

Pre-qualification 354

Pre-qualification New Construction MLS Construction 354

Housing Wire

JUNE 29, 2023

Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. It is encouraging that homebuilders have ramped up production, but the supply from new construction takes time and remains insufficient,” added Yun.

Sales 317

Sales New Construction MLS Construction 317

Housing Wire

JULY 6, 2023

The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%. High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater.

Mortgages 380

Mortgages Construction New Construction Investor 380

Housing Wire

DECEMBER 8, 2023

In today’s market, having a preapproval, at the minimum, is a must. Should they consider new construction? There are other ways to find inventory rather than just using your MLS. You cah also be more creative in your MLS searches in ways that net you more inventory to choose from for your clients.

Proof of funds 397

Proof of funds Inspection contingency Inspection MLS 397

Housing Wire

JANUARY 10, 2024

You’re excited to get your next listing on the market, but now you’re feeling the pressure to do an amazing job for your sellers, who have put their trust in you and are excited about making a move. Mention it in the agent-to-agent comments in the MLS. Preview the competition the day before you launch your new listing.

MLS 358

MLS Pre-approval Inspection Agents 358

Notorious ROB

SEPTEMBER 5, 2022

Last year, I wrote something up on BrightMLS’s Off-MLS Study saying that the conclusions of the report were overstated and based on thin and problematic data. In particular, I had issues with the data presented: Simply put, there is a large discrepancy in the median sale price between On-MLS homes and Off-MLS homes.

MLS 88

MLS Brokerage Sales New Construction 88

Housing Wire

AUGUST 10, 2023

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.96% as of August 10, up from last week ’s 6.90%. However, demand bounced back after the winter holiday, yielding a surprisingly strong spring housing market.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Be more creative in your MLS searches. For Sale By Owners are the same. Remove square footage as a requirement.

Loan Officer 378

Loan Officer New Construction MLS Inspection 378

Realty Biz

APRIL 19, 2024

How long can the US real estate market sustain elevated home prices? If it can’t, when is a market correction due? The US market can only keep home prices high for a short time. However, an imminent correction will strongly depend on regional housing market conditions and job market growth. Not necessarily.

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Housing Wire

JULY 20, 2023

We are still at least a million listings shy of being a balanced market, so this excuse is not going to subside anytime soon. Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. Next, the house is new. It’s still a seller’s market.

Equity 276

Equity MLS Construction Agents 276

RIS Media

JANUARY 18, 2024

Census Bureau shows new construction in the… The post Housing Starts Take a Downturn in December Despite Optimism Over Rate Drops appeared first on RISMedia. The latest data from the Commerce Department via the U.S.

New Construction 120

New Construction Construction Industrial Mortgages 120

Redfin

JANUARY 12, 2022

While first-time homebuyers and even seasoned homeowners might have heard of MLS, they may not be familiar with the role it plays throughout the home buying and selling process. Understanding how the MLS factors into the process can help you get the most out of your purchase or sale. What an MLS is and how it works. What is MLS?

MLS 71

MLS Agents Sales As-is 71

Realty Biz

AUGUST 16, 2023

Simply put, the Stat Pack is a “boots on the ground” monthly market report that our agents can share with their clients and sphere as an example of the value they bring. We have also created a video outlining how agents can use the Stat Pack in their marketing efforts.

Agents 76

Agents Marketing Branding New Construction 76

The Residential Specialist

MAY 3, 2022

Agents may have to adjust their marketing strategies when selling an eco-friendly home. Builders that received federal incentives for new construction could pass those savings onto buyers. In his market, solar leases typically run for 20 years, which has scared away some buyers who are reluctant to take over a lengthy lease.

Marketing 98

Marketing MLS Agents Design 98

Real Trends

AUGUST 18, 2023

Even in a hot seller’s market, there is aspirational pricing. Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. The average days on the market You should know this stat for properties like your subject property.

Pre-qualification 88

Pre-qualification New Construction MLS Construction 88

Real Trends

OCTOBER 5, 2022

Why buy your listing when there’s new construction with builder incentives? But, the market has changed and buyer concessions are becoming a thing. In many markets, it’s not offered by the seller and for years, it wasn’t even asked for by the buyer, lest they lose the bidding war.

MLS 99

MLS New Construction Closing Closing costs 99

The Close

DECEMBER 27, 2022

I bought my first investment property at 21 years old, before I really understood the potential impact of real estate market cycles. But it took time and experience to figure out the particular moments in a real estate market cycle that are better for different types of investing. Understanding Real Estate Market Cycles.

Investor 94

Investor Staging Marketing Banks 94

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Two important statuses in the MLS are “Contingent” and “Pending.” What Other MLS Statuses Are There? Contingent vs. Pending?

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

The Close

JUNE 22, 2023

This is because it is difficult to identify the top of a market, and nobody wants to buy at the top of the market just to watch the value of their investments fall during a downturn. A Look at the Current Market in 2023 The market is anything other than typical right now. But first, let’s get a handle on the basics.

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

RIS Media

SEPTEMBER 21, 2021

However, the luxury market comes with a different set of conditions. Working with a well-versed broker in the luxury market is key to ensuring a smooth home searching and buying process. Additionally, a luxury broker will have access to homes that might not be listed publicly or on the MLS. Work With a Luxury Broker.

Proof of funds 102

Proof of funds New Construction MLS Construction 102

Real Trends

SEPTEMBER 6, 2022

Along with this comes longer days on the market, lighter showing activity, fewer competitive offers, and more power to qualified buyers. Let’s take a look at some of the most common reasons listings get overlooked in a market where there’s more to choose from. The goal is for the listing to show like a new construction model home.

MLS 111

MLS Staging Agents New Construction 111

Notorious ROB

APRIL 5, 2023

I don’t know for a fact that we will succeed because we’re a new startup; but we have designed some unique features into DPX to set it up for success. DPX is an MLS The first and most important differentiator is that DPX is a Multiple Listing Service. Many an MLS, for example, simply do not even allow auctions to be listed.

Purchase and sale agreement 97

Purchase and sale agreement MLS Brokerage Agents 97

Real Trends

MARCH 22, 2023

” Read the entire MLS description, including extended comments/agent comments Many times the listing agent will actually state exactly what it will take for the seller to consider an offer. Find the Days on the Market so far Is this a fresh listing or has it been on and off the market previously?

Inspection 77

Inspection Agents New Construction Closing costs 77

Real Trends

JUNE 13, 2022

Meghan Clarkson says she’s always had a passion for advertising and marketing and if life had turned out differently, she very may well have entered into that field, but life does not always work that way you anticipate. However, this passion for marketing has helped her climb to a top-performing real estate professional.

Agents 72

Agents Marketing Brokerage Branding 72

Easy Agent Pro

OCTOBER 15, 2020

He only sells new-construction residential properties and he works with volume builders only,” according to Katie Warner at BusinessInsider.com. He has also created a MLS platform, HomesUSA.com , “… for home builders to track the progress of their homes and manage listings” Warner adds. Home construction methods and materials.

New Construction 71

New Construction Construction Agents Sales 71

RIS Media

JUNE 20, 2023

Despite significant doom and gloom in other macroeconomic areas, data on housing starts is providing a positive counterpoint, underscoring increased confidence around the near future of housing as buildings and developers push construction of new units to a 13-month high. A massive 21.7%

Construction 133

Construction Development As-is New Construction 133

Real Trends

NOVEMBER 10, 2022

Welcome to the new market! No one wants to have slow or no showings and then have to talk to the seller who trusted you and figure out what to say to them while the house languishes on the market. Why would a seller fire you when it’s only been on the market a few weeks? That’s no fun. continues to rise.

MLS 94

MLS Agents Inspection Staging 94

Housing Wire

MARCH 25, 2024

Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. But a slight uptick in mortgage rates held back the pace of new home sales in February, according to NAHB chief economist Robert Dietz. from a year ago.

Sales 382

Sales New Construction Construction MLS 382

Lab Coat Agents

AUGUST 3, 2021

not just in my market area of Northern NJ, but throughout the country: . “ OMG, there is no inventory, there is nothing to sell! If there are no good houses to sell, then buyers aren’t going to come buy homes in my market area. There is a recurring refrain I hear among my colleagues in Real Estate …. Inventory is down for sure ….

Branding 98

Branding New Construction MLS Equity 98

RIS Media

MARCH 18, 2021

. “It’s a complicated, competitive market, with buyers having to act quickly and aggressively to get the home they want. Conditions seem to be keeping some potential sellers on the sidelines, but that could change if or when they see more move-up options on the market. Days on Market – Average of 53 Metro Areas.

Branding 98

Branding Days on market New Construction Sales 98

HomeLight

JUNE 24, 2021

A county assessor’s office is a government entity responsible for identifying taxable properties and assessing the fair-market value for tax revenue purposes. Not only are agents usually well-connected around town, they also have access to the Multiple Listing Service ( MLS ) — the premier database of real estate professionals.

MLS 83

MLS Land Title Commercial 83

McKissock

JANUARY 31, 2023

We don’t just pull numbers out of the air—they are market supported adjustments backed by ‘many angles’ of research.” ” Appraisers do not assign value “Appraisers do not dictate a home’s value, the market does.” ” “The definition of market value.”

Agents 97

Agents Inspection Renovation Construction 97

Housing Wire

APRIL 18, 2024

There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.” As of April 12, there were 526,000 active single-family listings on the market, up 2.6% Meanwhile, new construction of both single-family and multifamily homes receded in March.

Sales 354

Sales New Construction MLS Construction 354

Housing Wire

NOVEMBER 27, 2023

However, new home sales were still up year-over-year due to a lack of housing inventory in the resale market. Builders have been struggling with the increased cost of borrowing, while many buyers were priced out of an unaffordable housing market. Builder confidence fell to 40 in October. Nationwide, 30.6%

Sales 366

Sales New Construction Construction Closing costs 366

The Close

FEBRUARY 9, 2024

Study your market and share valuable information. But they don’t consider their expenses, such as brokerage or team splits, taxes, education, marketing, and lead generation expenses. Agents make the mistake of passing their exams and not learning or practicing new skills. Plus, you can meet potential new clients at the club!)

Agents 98

Agents Brokerage As-is Finance 98

Housing Wire

JULY 20, 2023

The good news is that the housing recession that was predicted by some economists has not materialized, noted Lisa Sturtevant, chief economist for Bright MLS. With positive inflation news and a strong labor market, the possibility that the Fed will be able to bring the economy in for a “soft landing” is improving.

Sales 283

Sales MLS Short sale Construction 283