Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% Divounguy added that new home sales should make up a bigger piece of the home sales pie moving forward. Divounguy added that new home sales should make up a bigger piece of the home sales pie moving forward.

Marketing 510

Marketing New Construction Finance Construction 510

Housing Wire

NOVEMBER 3, 2023

While wages kept rising, October posted the slowest pace of wage growth since June 2021, according to Bright MLS Chief Economist Lisa Sturtevant. In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months.

Marketing 403

Marketing Construction MLS Mortgages 403

Housing Wire

APRIL 5, 2024

“Some had been hoping that the Federal Reserve would cut interest rates at its June meeting; however, with today’s strong jobs report, it is all but certain that the first rate cut won’t be before July,” Bright MLS chief economist Lisa Sturtevant said in a statement. “As Average hourly earnings for private-sector employees grew by 0.3%

Industrial 349

Industrial Mortgages Construction MLS 349

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.

Fixed-rate mortgage 433

Fixed-rate mortgage Sales MLS Mortgages 433

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Maybe you can come up with a better analogy for me?

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

MARCH 8, 2024

While unemployment is still low, the leverage held by workers is weakening,” Bright MLS chief economist Lisa Sturtevant said in a statement. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. Home sales recorded the lowest activity in 2023 in nearly 30 years. and were up 4.3%

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MLS Construction Mortgages Sales 442

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

Construction 370

Construction Residential MLS Renovation 370

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.

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MLS Brokerage Sales New Construction 88

Housing Wire

MARCH 27, 2024

Construction slows down One thing that stands out in Jacksonville’s listings rankings is the recurring presence of homebuilders. In fact, DR Horton alone was responsible for almost 5% of all of Jacksonville’s MLS listings in 2020, 2021 and 2022. However, new-home sales were up 5.9%

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Brokerage Construction MLS Land 441

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month.

Construction 382

Construction MLS Mortgages Loans 382

Toronto Realty Blog

DECEMBER 8, 2023

TorontoRealtyBlog Geez, what happened to “More MLS Musings?” This is an abuse of the MLS system, right? For the rest of you, if you happen to be perusing Toronto listings and notice anything worthy of our “MLS Musings” feature, please email to davidfleming@bosleyrealestate.com! I get that.

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MLS Staging Commercial Agents 84

Housing Wire

SEPTEMBER 7, 2023

Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant. At Mortgage News Daily on Wednesday, the 30-year fixed rate for conventional loans was 7.33%, up from 7.06% the previous week. She expects a market contraction this fall in the housing sector.

Mortgages 442

Mortgages Fixed-rate mortgage Marketing MLS 442

Housing Wire

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. Private sales, for sale by owner and other sales not found in your MLS could be really good comparable homes, so ask good questions and don’t just assume your seller is overpriced.

Pre-qualification 370

Pre-qualification New Construction MLS Construction 370

Housing Wire

JULY 6, 2023

Consumer spending keeps growing, as do auto sales, which were expected to soften. Real estate markets also speak to resilient conditions, as buyers have accepted mortgage rates in the new normal of 6% – 7% range and kept a steady pace of sales over the past few months. Economic resilience is taking investors aback.

Mortgages 382

Mortgages Construction New Construction Investor 382

Housing Wire

JANUARY 10, 2024

Even if you have little competition from other homes for sale, it’s your job (and the seller’s expectation) to market, advertise, show and sell their home in its best light. Mention it in the agent-to-agent comments in the MLS. Are other listings (or new construction) offering seller incentives?

MLS 414

MLS Pre-approval Inspection Agents 414

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

MLS 318

MLS Brokerage Property Management Agents 318

Housing Wire

MARCH 20, 2024

However, the company still makes the vast majority of its revenue – 75% in 2023 – from the services it provides brokers and agents in the for-sale residential market. About 73% of revenue in the period came from the residential segment, which includes revenue from seller-side agents and listings for newly constructed homes.

Investor 450

Investor Residential Agents MLS 450

Housing Wire

AUGUST 10, 2023

While sales of existing homes have been lagging, the challenge comes mainly from too many buyers chasing not enough available properties,” said Ratiu. million annual sales pace is a highlight of solid demand.” Considering that prices have been rising over the past six months and mortgage rates have been pegged above 6.5%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

NOVEMBER 7, 2023

For Sale By Owners are the same. Be more creative in your MLS searches. If they are in a new construction price range but haven’t really considered it, go take a video of a home that could be a match for them and see what their thoughts are. So how do you provide overwhelming value to your buyer clients?

Loan Officer 424

Loan Officer New Construction MLS Inspection 424

Realty Biz

FEBRUARY 3, 2021

A 3D printing company that specializes in building homes has just seen its first such building listed for sale on the MLS after receiving a certificate of occupancy. which built the $299,000 property in Riverhead, New York, said that most of the building was constructed by a robot, before being finished by human experts.

MLS 69

MLS Construction Sales Technology 69

Housing Wire

DECEMBER 29, 2021

In 2020, Cabellero reported 6,409 transaction sides — or 18 home sales a day — for a deal volume of $2.2 The staggering home sale numbers perhaps distract from the fact that Caballero arguably does have a major insight — Homebuilders are traditionally too estranged from real estate. So, who in the world is Ben Caballero?

MLS 392

MLS Agents Sales Staging 392

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.

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MLS Agents Sales As-is 73

Broke Agent Media

MARCH 30, 2023

BAM Key Details: According to the National Association of REALTORS, pending home sales for February 2023 are up for the third consecutive month, rising 0.8% An index of 100 is equal to the level of sales contract activity in 2001, when NAR began tracking the data. While some sales fall through, for one reason or another (e.g.,

Sales 98

Sales Loans Closing MLS 98

Housing Wire

JULY 12, 2023

“Despite the positive inflation report, the Fed likely will resume its rate hikes when it meets later this month, remaining committed to raising interest rates until the magical 2% inflation target is met,” said Lisa Sturtevant, chief economist at Bright MLS. In June, the index for shelter accounted for 70% of the increase in the CPI.

MLS 368

MLS Commercial Construction Mortgages 368

Housing Wire

MAY 10, 2023

level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline. in 2023 before dropping below 6.0%

Closing 382

Closing MLS Construction Residential 382

Toronto Realty Blog

JANUARY 22, 2024

We can write almost every new sentence on its own line… But just because it’s en vogue, here’s the “hook” for today’s blog post: There are currently 39 properties listed on MLS that are being sold by lenders. Now it’s on the market – for sale, by the bank. I think “Free Beer!”

Banks 69

Banks Sales Marketing MLS 69

Housing Wire

JULY 20, 2023

Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Builders are closing loans in the 4.5

Equity 285

Equity MLS Construction Agents 285

RIS Media

OCTOBER 19, 2020

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 September sales were only 3.3 “Generational factors and a continuing rebound in home construction support the notion of an active housing market moving into next year.” percent from a year ago.

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Branding Sales Days on market MLS 135

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9%

Sales 369

Sales MLS Short sale Construction 369

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 457

Sales New Construction Construction MLS 457

Realty Biz

APRIL 19, 2024

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. Redfin reported that in January 2024, the American median home sale price was approximately $402,000. This average increased by 5.1

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Housing Wire

APRIL 18, 2024

Existing home sales slumped last month under the weight of elevated mortgage rates. Existing home sales receded by 4.3% Year over year, sales fell by 3.7%. Existing home sales posted a year-over-year price gain for the ninth consecutive month and reached the highest price ever for the month of March. million, down from 4.38

Sales 414

Sales New Construction MLS Construction 414

McKissock

MAY 17, 2023

Quality refers to the quality of items, materials, and construction. When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. Sources of data A lot of the time, you’re using MLS data. Or is it spreading them out further?

MLS 79

MLS Sales Inspection Construction 79

Real Trends

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. Private sales, for sale by owner and other sales not found in your MLS could be really good comparable homes, so ask good questions and don’t just assume your seller is overpriced.

Pre-qualification 88

Pre-qualification New Construction MLS Construction 88

Real Trends

OCTOBER 5, 2022

Why would a buyer choose your listing versus the one that’s for sale down the street? Why buy your listing when there’s new construction with builder incentives? Make sure you put it in the MLS comments if you offer this incentive. Again, be sure to list this in the MLS comments.

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MLS New Construction Closing Closing costs 99

Notorious ROB

APRIL 5, 2023

I’ll try very hard not to make this a total sales pitch and shameless plug, but… I make no guarantees on that front. For real estate, the Execution step is when a Sales Contract is signed — that’s when a seller agrees to sell and the buyer agrees to buy the property. DPX has been my passion for over a year now.

Purchase and sale agreement 97

Purchase and sale agreement MLS Brokerage Agents 97

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? Two important statuses in the MLS are “Contingent” and “Pending.”

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