Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. We are a monster compared to them in population and the majority of homebuyers in America use mortgages. When mortgage rates rise, two things always happen here in America. The days on market grow, which gives people more choices and less forced bidding.

Short sale 527

Short sale Mortgages Equity Sales 527

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. mortgage rates, so on the mortgage rate side of the equation, it’s never been better. Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation.

Marketing 530

Marketing Equity Construction Bankruptcy 530

Housing Wire

JULY 20, 2022

Since the summer of 2020, I have believed that the housing market will change , but it does need the 10-year yield to break above 1.94% with duration. This means 4%+ mortgage rates. I had to figure out what I got wrong here, and I concluded that 4%-5% mortgage rates weren’t doing the damage I thought they would. million in June.

Sales 506

Sales Mortgages As-is Marketing 506

Realtor.com

FEBRUARY 3, 2023

Getty Images Mortgage rates have dropped yet again—could this spell an opportunity for homebuyers? The average interest rate for a 30-year fixed-rate home loan fell to 6.09% for the week ending Feb. This dip in mortgage rates, combined with plenty of homes on the market, adds up to a potential win for homebuyers.

Mortgages 91

Mortgages Sales Marketing Loans 91

Realtor.com

DECEMBER 1, 2022

High mortgage rates—which, as of Wednesday, hover at 6.58% for a 30-year fixed-rate loan—are a stark reminder that many buyers might still struggle on the affordability front. Some areas in the United States are taking the brunt of the market downturn. on a year-over-year basis. The result?

Mortgages 120

Mortgages Seller concession Closing costs Sales 120

Realty Biz

MARCH 13, 2024

While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. This article explores the key factors home buyers need to know about the Maryland housing market this year. According to Freddie Mac projections, the average 30-year fixed mortgage rate was 5.4%

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

Housing Wire

AUGUST 30, 2022

From Realtor.com : Even with demand weakness in recent months, days on market are still low. Because total inventory data is still low historically, the days on the market are not growing, year over year, per the last two existing home sales reports. From Redfin. However, not to the degree we saw from 2005-2008.

Bankruptcy 382

Bankruptcy Days on market Sales Short sale 382

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

HomeLight

MAY 8, 2024

Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. If you’re selling a house “as is” in Lousiana, we’ve got you covered.

As-is 88

As-is Inspection Finance Residential 88

HomeLight

JUNE 9, 2023

These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. Purchase mortgages today are taking over 40 days to close on average. Purchase mortgages today are taking over 40 days to close on average.

Home sale contingency 141

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 141

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. Getting a mortgage can be a stressful and frustrating process. Paying mortgage insurance isn’t that big a deal.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

McKissock

JULY 23, 2021

Exposure time precedes the effective date while marketing time occurs after the effective date. Data sources and appraisal reports disclose the “days on market” or the “marketing time” of closed sales. However, marketing time is a forecast and must additionally consider anticipated changes in the market.

Marketing 99

Marketing Days on market Development Lending 99

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. Mortgage demand needs to slow down. However, the rate of price growth cooled down and days on market grew.

Days on market 536

Days on market Loans Mortgages Sales 536

Housing Wire

APRIL 22, 2024

You’ll want to include the list price, sale price, and days on market. There are loan programs available that allow as little as 3.5% House-hacking is a great way to build wealth and pay down your mortgage. If there were multiple offers, you may also want to include how many were received.

Brokerage 370

Brokerage Investor Agents Pre-approval 370

HomeLight

JANUARY 22, 2024

Skip repairs and close in as few as 10 days. Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

As-is 90

As-is Inspection Equity Renovation 90

The Close

FEBRUARY 20, 2024

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. Traditionally, the number of days on market is low.

Marketing 91

Marketing Debt-to-income ratio MLS Pre-approval 91

HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). How it might take 12-75 days to sell your home. What do days on market mean? Average Days in 2021.

Purchase and sale agreement 86

Purchase and sale agreement Home sale contingency Title search Inspection 86

Realty Biz

AUGUST 4, 2022

I imagine people might be afraid of rising mortgage rates, frustrated by lack of inventory, confused about contingencies, and discouraged by days on market. RE : There’s no question that the recent rise in mortgage rates has resulted in a pause in the market. RBN : Can you talk about these emotions?

Marketing 87

Marketing Staging Days on market Finance 87

HomeLight

AUGUST 20, 2021

Mortgage payoff. About 66% of residential properties in Connecticut are owner-occupied , and 68% of those homes have outstanding mortgage debt. This means that most Connecticut home sellers need to pay their remaining mortgage balance before transferring the property title to a buyer. Loan reconveyance fee. Attorney fees.

Closing costs 108

Closing costs Closing Title search Title 108

HomeLight

DECEMBER 31, 2023

Fast facts about selling a house ‘as is’ in Arizona Median sales price in Arizona $430,990 Average days on market (DOM) for Arizona 56 Disclosures Arizona law requires sellers to disclose material facts about the property through the Residential Seller’s Property Disclosure Statement (SPDS) MLS has a field to mark a listing “as is”?

As-is 84

As-is Inspection Finance Loans 84

Realty Biz

MARCH 22, 2022

In the current real estate market, many property buyers choose to finance their purchases. This is due to the mortgage interest rates that are low and have been that way for quite a while. However, with the current market heavily favoring sellers, quite a few buyers who would otherwise be taking out a mortgage are paying cash.

Purchase and sale agreement 110

Purchase and sale agreement Finance Lending Mortgages 110

HomeLight

AUGUST 25, 2020

home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. That’s 70 days — or a little over two months — from listing to closing. Every house, every market, and every individual sale will vary in terms of days on market and closing timelines.

Closing 120

Closing Pre-approval Inspection Days on market 120

Windemere Buying

APRIL 11, 2022

Advocates of buying will contend that purchasing a home is an investment in equity, which can increase in value every year you live in the home, whereas if you rent a property, you’re essentially paying for someone else’s mortgage. you could use the rental income to pay off your mortgage faster and contribute more to your savings.

Pre-approval 52

Pre-approval Loan Officer Loans Property Management 52

Realty Biz

NOVEMBER 9, 2022

Bills Q&A will answer the most difficult questions for real estate agents, DIY, first-time home buyers, and mortgage lenders email your questions now to billgassett@remaxexec.com. A professional appraisal is often conducted when a home buyer gets financing assistance from a mortgage lender.

Agents 75

Agents Equity Mortgages Days on market 75

RIS Media

JULY 21, 2021

. “By pairing the ability to quickly find the perfect home for you, along with proprietary market intelligence not available on any other site, Rocket Homes has developed a truly game-changing platform that gives a much-needed competitive advantage in today’s incredibly hot housing market,” said Doug Seabolt, CEO of Rocket Homes.

Technology 98

Technology Development Days on market Mortgages 98

HomeLight

SEPTEMBER 21, 2020

When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM). Every city has an average days on market which refers to how quickly properties go from active to under contract (i.e., Keep in mind, days on market is not the total time it takes to sell a home.

VA loan 109

VA loan Purchase and sale agreement Loans Agents 109

Real Trends

SEPTEMBER 23, 2022

With mortgage rates marching toward 7% and home prices still higher than they were this time last year, homes simply aren’t selling as quickly as they used to (or selling at all). homeowners with mortgages have a mortgage interest rate below the current level of 6%. And more than two-thirds have a mortgage under 5%.

Agents 78

Agents Purchase and sale agreement Mortgages Marketing 78

Realty Biz

MAY 15, 2022

Days on market is always an essential home selling statistic. You may also glean some helpful selling points for the way other like homes were marketed. When a buyer is using a mortgage lender, on most occasions a home appraisal will be required. For example, how long were other homes listed for sale?

Sales 140

Sales Agents MLS Equity 140

Real Trends

AUGUST 11, 2022

Several agents have voiced their desire to stay the course and continue to exclusively market to attract new listings. That may not work as rates rise, contracts are being canceled , and days on market increase. Whenever the market shifts, your market ing should shift!

Marketing 68

Marketing Agents Days on market As-is 68

Hank Miller Team

JULY 12, 2023

In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for. Owners Love Low Mortgages Pretty simple. During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates.

Marketing 40

Marketing New Construction Land Mortgages 40

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Asynchronous appraisal.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

HomeLight

JUNE 8, 2021

And that doesn’t account for the weeks needed to clean, paint, and tidy up the property for its market debut. If you don’t have the patience for this timeline, including the 49 days you’ll spend waiting for a traditional buyer’s mortgage to wrap, you’ll need to get creative with your plans. Thankfully, you do have options.

Short sale 109

Short sale Agents Sales Days on market 109

The Close

APRIL 30, 2024

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. But it’s critical to dig deeper. Would that help?

Agents 77

Agents Short sale Staging Sales 77

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Average days on market : 46 (November 2022). Fast Facts for Selling Real Estate in Colorado.

Purchase and sale agreement 99

Purchase and sale agreement Inspection MLS Inspection contingency 99

HomeLight

JANUARY 28, 2022

Although not a formal appraisal, a CMA often accurately predicts a home’s appraised value by analyzing six to 12 comps within current market trends, such as buyer’s or seller’s market, inventory level, price per square foot, and days on market. Lenders use valuations as a basis for home loan terms.

MLS 99

MLS Agents Sales Title 99

HomeLight

MARCH 30, 2021

Days on market: The speed at which houses are selling can be telling. If houses are sitting on the market for a while, you may get a better deal … but is there a reason why buyers are shying away from a particular area? Getting a mortgage prequalification and preapproval helps to ensure you won’t be overextended financially.

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Due diligence Inspection Title Pre-approval 103

HomeLight

MARCH 18, 2022

Selling a house with a lien (besides your mortgage loan) can be another obstacle to prepare for. However, if you aren’t in a hot market, selling fast may take extra effort. Here’s how to sell fast on the open market: Step 1: Find an agent who has a low days on market average. Source: (ergonofis / Unsplash).

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Inspection Investor Sales Agents 98