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Move-In Ready Homes Spark Bidding Wars

first_img Servicers Navigate the Post-Pandemic World 2 days ago Share 2Save in Daily Dose, Featured, Market Studies, News Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. December 17, 2020 1,387 Views About Author: Phil Hall Servicers Navigate the Post-Pandemic World 2 days ago It was a competitive November in the housing market—a new data report from Redfin found 53.6% of home offers written by the Seattle-headquartered brokerage’s agents nationwide were involved in a bidding war.Although November’s data was a decline from the revised rate of 58.5% in October, it nonetheless represented the seventh consecutive month when more than half of Redfin offers evolved into bidding wars between would-be buyers. Redfin attributed this trend to historically low mortgage interest rates coupled with a supply-and-demand imbalance and an increase in homeownership interest fueled by the rise of pandemic-impacted workforce handling their jobs from home.The majority of the most intense bidding wars appeared to be concentrated in the West Coast. Among the 24 major metro areas analyzed for the report, San Diego had the highest bidding-war rate with 75.3% of Redfin offers facing competition, followed by Denver (66.7%), the combined Bay Area’s metros of San Francisco and San Jose (65.8%), Seattle (60.9%), Sacramento (60%), Los Angeles (59.5%), Washington, D.C. (58.7%), Austin (58.1%), Phoenix (57.7) and Salt Lake City (56%).At the other end of the spectrum, Minneapolis had a lower rate of November competition with 34.6% of Redfin offers facing bidding wars in November. Rounding out the bottom five were Chicago (36.4%), Tampa, FL (37.1%), Houston (37.3%) and New York (37.6%). Among property types, single-family homes generated the greatest level of bidding wars (57.3%), compared to townhouses (48.7%) and condominiums (38.3%).”Buyers aren’t going to compete for homes that have been sitting on the market,” said Redfin Chief Economist Daryl Fairweather. “They will typically only get into a bidding war for a newly-listed, desirable home that is move-in ready.”And it appeared that the bidding wars helped to pump up the price tags on available property. Redfin also reported the national median home price rose in November by 14% year-over-year to $335,519, marking the second-largest annual increase since at least 2012. Closed home sales were up by 23% from one year ago while pending sales were up 37% and new listings merely recorded an 8% annualized uptick.”Neither the election nor the Thanksgiving holiday weekend curbed homebuyers’ appetite in November,” Fairweather said. “I personally bought a home last month because I knew if I didn’t seal the deal by then, I would have to wait until January for more new listings to hit the market to find one that checked all of my boxes. Plus, there is no guarantee mortgage rates will stay this low for much longer. And like most buyers this time of year, once I had it in my head that it was time to move, I wanted to be settled in my new home in time for the holidays.” Move-In Ready Homes Spark Bidding Wars  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Home / Daily Dose / Move-In Ready Homes Spark Bidding Wars Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Key Takeaways from Real Estate in 2020 Next: Study Shows Disparities Among Older Households Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2020-12-17 Christina Hughes Babblast_img read more

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Bulldogs Netters Defeat Indians In Ripley County Battle

first_imgThe Batesville Boys Tennis team defeated Milan 5-0 on Tuesday.#1 Singles- Lleyton Ratcliffe defeated Peyton Cann 6-0, 6-0.#2 Singles- George Ritter defeated Ethan Honnert 6-2, 6-2.#3 Singles- Will Harmeyer won 6-1, 6-0.#1 Doubles- Cooper Williams & Lane Westerfeld defeated Brent Quatman & Carter Wade 6-2, 6-3.#2 Doubles- Sam Giesting & Adam Scott defeated Bo Wade and Cameron Herkel 6-0, 6-0.The Batesville JV beat Milan 4-1. Winners in singles were Lane Oesterling and Grant Story. In doubles, the teams of Brayden Worthington & Ben Rodgers, Sam Voegele & Jonathan Hoff also won. Both teams are 2-0 on the season and play at home against Connersville on Thursday at 5:00.Courtesy of Bulldogs Coach Mike McKinney.last_img

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NFL trade rumors: 49ers, Chiefs agree to terms on Dee Ford deal

first_imgSounds like the #49ers will give Dee Ford a multi-year deal once the trade becomes official in the line of 5 years/$87.5M, per source. https://t.co/McLKKxheel— ig: josinaanderson (@JosinaAnderson) March 13, 2019With the firing of defensive coordinator Bob Sutton and subsequent hiring of Steve Spagnuolo, the Chiefs are moving from a 3-4 defense to a 4-3 under the new regime. While Ford can play both, he excels as a pass-rushing outside linebacker which made the Chiefs explore a deal. The Chiefs and Niners have agreed to parameters on a deal that would send OLB Dee Ford to San Francisco for a 2020 second-round pick, per source.Ford’s camp will need to work out a contract with the Niners to complete it.— Albert Breer (@AlbertBreer) March 13, 2019The Chiefs placed the franchise tag on Ford last week, but they did so with the intention of looking for a trade partner for the 27-year-old linebacker. This deal will hinge on the 49ers’ ability to find a new contract for Ford.According to ESPN, San Francisco will give Ford a five-year, $87.5 million deal once the trade is completed. Related News NFL trade news: Browns acquire WR Odell Beckham Jr. from Giants The Chiefs and 49ers have a deal in principal for pass-rush specialist Dee Ford.In return, Kansas City will receive a second-round pick, according to The MMQB. The interesting thing about a deal to the 49ers, though, is San Francisco also runs a 4-3 defense.However, with Ford’s ability to rush the passer, adding that kind of talent is clearly the priority for the 49ers. San Francisco does have a tendency to play five men on the line of scrimmage on defense, so Ford could be a good fit in that package.#49ers’ defense is actually a 5-2 that utilizes 3-4 personnel. Dee Ford would fit in nicely. On every snap they have 5 defenders on the LOS and 2 stacked LBs roaming behind that 5-man front. Ford can dial up the necessary heat off the edge.— Larry Krueger (@sportslarryknbr) March 13, 2019last_img read more

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