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Hit Them With Your Best Shot: How Much to Offer on a Short Sale

HomeLight

But what if it’s a different kind of sale … for example, how much should you offer on a short sale? Enter the short sale : a solution for the seller, and a special opportunity for a buyer. What’s a short sale? Short sales are unique because they require the approval of the seller’s lender.

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The homegenius Platform gives consumers deeper insights in the home buying and selling journey

Housing Wire

*Rebates are not available in all markets or where prohibited by law and are subject to lender approval; may not be available for all transaction types, including but not limited to Short Sales, For Sale by Owner (FSBO), New Construction and iBuyer sales.

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6 Simple Graphs Proving This Is Nothing Like Last Time

Keeping Current Matters

Home sales and prices were both up substantially over the year before. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble. New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void.

Equity 258
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Existing home sales fell in June while monthly median sales price spiked

Housing Wire

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 368
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Is the Housing Market in a Bubble? How the Indicators Today Compare With the Great Recession

Realtor.com

Then, quite suddenly, the market seemed to seize up and prices and sales began falling. Homes are now sitting on the market longer, more sellers and builders are slashing prices, and sales are evaporating. Sellers now often have to make concessions, sometimes even expensive ones, to get a sale across the finish line.

Marketing 113
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Vickie Pizzarelli joins Engel & Völkers as a Real Estate Advisor

Realty Biz

Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales.

Brokerage 109
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Another Look at if We are Headed for a Real Estate Bubble

Realty Biz

The housing bubble bust of 2008 resulted in almost 10 million Americans losing their homes to foreclosures and short sales. Adjustable-rate mortgages were a significant contributing factor to the Great Recession foreclosures and short sales. Will new home construction catch up with demand?