Housing Wire

MAY 1, 2024

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” Barton also touched upon the terms of NAR’s settlement agreement. Eighty-percent of all real estate transactions across the U.S.

Agents 335

Agents Real Estate Contracts Real Estate Agent 335

Housing Wire

MAY 29, 2024

The changes are likely to put pressure on buyers’ agents and shrink the $100 billion annual commission pot by as much as $30 billion over time, according to analysts at Keefe Bruyette & Woods (KBW). And a 2015 paper in the Rand Journal of Economics predicted that a 50% reduction in commissions would result in 40% fewer agents.

Realtors 301

Realtors Agents Inventory Modernization 301

Housing Wire

MARCH 11, 2024

In early January, Proof , formerly known as Notarize , announced that it had helped sellers and buyers close $374 billion worth of real estate transactions since its founding in 2015, and that it had its sights set on California. NotaryCam is not the only RON platform looking at expansion in California.

Law 355

Law Real Estate Sellers Investors 355

Housing Wire

JANUARY 5, 2024

Since its founding in 2015, remote online notarization (RON) platform Proof , formerly known as Notarize , has helped sellers and buyers close $347 billion worth of real estate transactions, according to an announcement on Friday. While the firm is pleased with this milestone, it has its sights set on California.

Law 398

Law Real Estate Insurance Sellers 398

Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

Buyers 90

Buyers Inventory Sellers Appraisal 90

Housing Wire

MARCH 8, 2023

of all housing starts, the highest level since 2015. Cooling buyer demand and builder confidence led to slower single-family construction and a shift in builder focus to multi-family last year,” Hannah Jones, Realtor.com’s economic data analyst, said in a statement. However, an average of 94.5%

Housing Market 421

Housing Market Marketing Inventory Construction 421

Housing Wire

OCTOBER 26, 2023

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. It is human nature,” Frazier said.

Law 336

Law Agents Brokerage Buyers 336

Housing Wire

NOVEMBER 25, 2023

Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. Most home sellers are buyers, and we want the new listings data to show growth year over year since it appears that we have formed a bottom in 2023.

Inventory 521

Inventory Mortgage New Listings Buyers 521

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 371

Law Loan Officers Lending Advertising 371

Housing Wire

MAY 18, 2023

“When Guaranteed Rate introduced the world’s first fully digital mortgage in 2015, it revolutionized the industry. Realtors also benefit from representing clients who possess full approval and can compete with cash buyers. This content was generated using AI, and was edited and fact-checked by HousingWire’s editors.

Real Estate Agent 382

Real Estate Agent Technology Real Estate Realtors 382

Housing Wire

APRIL 27, 2024

This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book.

Inventory 495

Inventory Housing Market Marketing New Listings 495

Housing Wire

APRIL 5, 2024

For example, Amazon had to stop testing an automated hiring algorithm in 2015 when it became obvious that the algorithm was systematically discriminating against women for technical jobs. Those in the data analytics field have long been aware that algorithms can not only encode but amplify bias. credit histories.

Mortgage 324

Mortgage Lending Buyers Property Management 324

Housing Wire

APRIL 30, 2023

We have to remember that a conventional seller is usually also a traditional buyer, so new listings growing toward their seasonal peak throws cold water on the idea that no one will list their homes because they already have a low mortgage rate (the mortgage rate lockdown theory).

Inventory 510

Inventory Housing Market Marketing New Listings 510

Housing Wire

APRIL 1, 2024

Since its founding in 2015, Richards said the majority of feedback from consumers about Flyhomes and its products has been positive, but the firm has struggled to increase its brand and value awareness among consumers. “It “This assessment is crucial to transition from the bridge loan to refinance after the sale of the departing residence.”

Loan Officers 343

Loan Officers Clients Mortgage Construction 343

Housing Wire

JUNE 28, 2023

David Dunn of advisory firm Province , the chief restructuring officer for Peer Street, cited in court filings that surging rates, reduced demand for mortgages, and declining institutional buyers’ appetite for below-current-market-rate loans led to the Chapter 11 case. Burry was one of PeerStreet’s first investors in 2015.

Investors 393

Investors Real Estate Mortgage Investing 393

Housing Wire

FEBRUARY 9, 2024

In 2015, CoStar spent $100 million in consumer marketing to promote the revamped Apartments.com site. “I We are confident that we have built the best site possible for both the agents, and the home buyers and seller,” Florance said. as well as nearly 100,000 high schools, elementary schools and middle schools. We’ve climbed from No.

Marketing 399

Marketing Advertising Real Estate Real Estate Agent 399

Housing Wire

MAY 3, 2023

I wanted to close before May 1, so I selected a buyer who was already in underwriting. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 388

Agents Real Estate Agent Brokerage Real Estate 388

Housing Wire

JUNE 28, 2022

Fannie Mae has announced the winning bidder for the final mortgage pool that was part of its inaugural nonperforming loan sale of 2022 — and it’s nineteenth sale since the i na ugural offering in 2015. The loan pool, dubbed the Community Impact Pool (CIP), includes 120 loans with an unpaid principal balance of $36.3

Investors 364

Investors Mortgage Buyers Business 364

Housing Wire

MARCH 24, 2021

Rascoff in October started the company with Austin Allison, the founder of dotloop, which Zillow bought in 2015. Buyers can own one-eighth to half of the vacation home. The release noted “60,000 aspiring buyers” looking on the website in mainly upscale Southern California markets including Malibu and Palm Springs.

Real Estate Agent 289

Real Estate Agent Real Estate Modernization Finance 289

Housing Wire

APRIL 23, 2023

We also have to remember almost 30% of homes are still bought with cash, so housing demand doesn’t need to be 100% driven by mortgage buyers. However, for this week, we saw good week-to-week growth and the new listing data for this calendar week isn’t too far off from what we saw in 2022.

Inventory 543

Inventory Housing Market Marketing New Listings 543

Housing Wire

APRIL 26, 2022

At issue is an NAR policy that the seller’s agent of a home must split their commission equally with a buyer agent. The pro-competitive, pro-consumer local broker marketplaces serve the best interests of buyers and sellers. NAR responded to the ruling Monday, and the trade group says it plans to appeal the decision.

Brokerage 307

Brokerage Real Estate Agents Realtors 307

Lamacchia Realty

JANUARY 13, 2022

WARNING: SCAMMERS TAKING THOUSANDS FROM HOME BUYERS! The internet complaint center of the Federal Bureau of Investigation has seen an almost three-fold increase in identified victims who have actually lost money since January 2015, and now that everyone has been operating at home for the last few years most transactions are virtual.

Buyers 73

Buyers Real Estate Brokerage Realtors 73

Housing Wire

DECEMBER 2, 2023

18): Inventory fell from 564,571 to 550,302 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Housing Wire

MARCH 2, 2023

The lender began servicing some investor loans in 2008, adding non-QM loans in 2015 and expanding to Fannie Mae loan servicing in 2017. In 2022, about 50% of its sales came from existing homeowners, 40% from investors and 10% from first-time buyers, according to A&D Mortgage. About one out of 10 guys say I still want to buy.

Mortgage 385

Mortgage Investors Development Investing 385

Housing Wire

AUGUST 13, 2023

This happened as expected, except we had a lousy bond auction, which meant too much debt supply came online with insufficient buyers. This pushed yields higher Thursday and Friday to move mortgage rates to 7.19%. For those calling for a massive inventory spike since 2008, the last few years have not gone as planned.

Mortgage 359

Mortgage Inventory New Listings Retail 359

Housing Wire

SEPTEMBER 2, 2021

The company works to make purchasing a home easier by fronting prospective buyers the funds to make all-cash offers. It also allows sellers access to a network of pre-approved buyers to expedite the process. HomeLight’s tech lives amid the iBuyer realm with the likes of other heavy hitters Zillow and Opendoor.

Real Estate 281

Real Estate Buyers Sellers Investors 281

Housing Wire

MAY 11, 2024

This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for. Purchase application data Purchase application data was positive week to week but still down year over year. We are seeing better positive sales growth on our weekly pending sales data.

Mortgage 394

Mortgage Inventory New Listings Housing Market 394

Housing Wire

JANUARY 3, 2024

It has shown a willingness to absorb operational losses as a landlord, losing almost $2 million last year and almost $5 million since 2015. Mortgage rates, too, ended 2023 on a downward move in response to expectations of federal funds rate cuts , giving a boost to buyers’ purchasing power.

Landlords 428

Landlords Home Value Construction Renovations 428

Housing Wire

OCTOBER 26, 2021

The company, founded in 2015, uses artificial intelligence to streamline and accelerate the mortgage process for community lenders and their borrowers. In September, Maxwell launched a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. million in the last 16 months.

Mortgage 339

Mortgage Investors Technology Business 339

Housing Wire

SEPTEMBER 20, 2021

The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020. When a home appraises below the contracted sale price, it gives the buyer an opportunity to negotiate a lower price. In tracts that were more than 80% Black or Latino, that proportion grew even larger.

Appraisal 439

Appraisal Contracts Valuation Buyers 439

Housing Wire

NOVEMBER 11, 2023

That is the critical period for new listing data to grow; remember, most sellers are buyers. Weekly inventory change (Nov. 10) : Inventory rose from 566,882 to 566,941 Same week last year (Nov. We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings.

Inventory 442

Inventory New Listings Mortgage Retail 442

Housing Wire

SEPTEMBER 14, 2023

After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. housing market is short by at least 6.5 million homes. Renters are finding themselves priced out of areas within a reasonable commuting distance to work.

Tenants 355

Tenants Government Law Buyers 355

Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. iBuying appears to be back, after the nation’s top iBuying companies purchased 4,383 homes in the first quarter of 2021 — up 20.6%

Renovations 344

Renovations Marketing Buyers Inventory 344

Housing Wire

DECEMBER 21, 2020

Qualia has raised $160 million in venture capital since its founding in 2015. Qualia’s research department reported recently that more than half of homebuyers prefer an entirely digital closing process, yet only 13% of recent home buyers reported having one.

Lending 450

Lending Real Estate Modernization Investors 450

Housing Wire

APRIL 29, 2022

If I believe Twitter and the charts and graphs that show 2015 trends or 2020 trends or 1982 trends, I can’t help but to ask, what if these are not an indicator of today, but the beginning of a new normal? Investors and trust funds keep buying the bottom of the market from under the first-time home buyer. If not, what does that mean?

Mortgage 370

Mortgage Real Estate Agent Technology Inventory 370

Housing Wire

JANUARY 13, 2024

6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 5-12) : Inventory rose from 499,143 to 505,223 Same week last year (Jan.

Inventory 519

Inventory New Listings Retail Mortgage 519

Housing Wire

JANUARY 20, 2024

13-20): Inventory fell from 473,406 to 472,852 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 933,746 Yes, the inventory growth rate slowed weekly, but I will take it! Most sellers are buyers, and new listing data decreased after rates increased in 2022.

Inventory 536

Inventory Mortgage New Listings Sellers 536