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Buyers and sellers agree: it’s a good time to enter the housing market

Housing Wire

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Compared to this time last year, the HPSI is still down 7.1 million Americans unemployed.

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The housing market is now savagely unhealthy

Housing Wire

NAR Research : First-time buyers were responsible for 29% of sales in February; Individual investors purchased 19% of homes; All-cash sales accounted for 25% of transactions; Distressed sales represented less than 1% of sales; Properties typically remained on the market for 18 days. We have solid replacement buyers: people needing shelter.

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Mortgage loan-trading platforms prepare for fall in volume

Housing Wire

On these platforms, originators can lock down the best loan price from various buyers, typically asset managers and institutional investors. The last 12 months have been great,” said Tom Pearce, CEO of Maxex, an Atlanta-based fintech company founded in 2016. “In 2021, we’ve had a record volume.

Mortgage 377
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Are Buyers In The Driver’s Seat Now?

Birmingham Appraisal

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 87
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Cash-offer giant Flyhomes nabs $150M in Series C round

Housing Wire

The buyer pays for FlyHomes’ cost of owning the home, but according to the company, that amount is often less than the standard commission rebate that FlyHomes provides to its buyers at closing. The company claims that this process makes submitting a FlyHomes Cash Offer “effectively free” for the buyer.

Brokerage 384
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FHFA conforming loan limits increase to $766,550 in 2024

Housing Wire

The conforming loan limit increase will help buyers more easily finance one-unit homes at the higher end of the price scale. That condition was met eight years later, in 2016, when the FHFA increased conforming limits for the first time in a decade. These loans would normally end at the jumbo market , which is dominated by banks.

Finance 533
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Cash offer startup Accept.inc raises 90M in debt and equity

Housing Wire

Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home. The home is then sold back to the buyer at the same price that it was purchased for.

Sellers 395