Housing Wire

JANUARY 10, 2023

of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. Sellers realize they’re not going to get $80,000 over the asking price like their neighbor did last year,” he added.

Sellers 447

Sellers Real Estate Agent Buyers Mortgage 447

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? But the housing market in the second half of 2022? The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green.

Housing Market 487

Housing Market Marketing Real Estate Agent Real Estate 487

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Marketing 501

Marketing Buyers Sellers Realtors 501

Housing Wire

MARCH 2, 2023

And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. The pandemic definitely changed the real estate market ,” Todd Alperin, a Better Homes and Gardens Real Estate The Masiello Group agent based in Southern New Hampshire, said.

Real Estate Agent 361

Real Estate Agent Inventory Real Estate Agents 361

Housing Wire

MARCH 18, 2024

Roomvu , a Canadian-based video marketing platform for residential real estate agents, is partnering with Leading Real Estate Companies of the World (LeadingRE) and Realty One to mark Roomvu’s expansion into the U.S. expansion comes after Roomvu’s successful launch in Canada in 2022.

Marketing 341

Marketing Real Estate Real Estate Agent Realtors 341

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville. From 2022 to 2023 alone, rates jumped 21.2%.

Insurance 377

Insurance Housing Market Marketing Agents 377

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. billion, up from $6.9

Sellers 355

Sellers Real Estate Realtors Real Estate Agent 355

Housing Wire

APRIL 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

Housing Market 371

Housing Market Marketing Inventory Agents 371

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 388

Housing Market Buyers Agents Marketing 388

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

Real Estate Agent 366

Real Estate Agent Real Estate Sellers Buyers 366

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgage 519

Mortgage Marketing Retail Lending 519

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

JANUARY 12, 2024

in mid-2022. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat. In the third quarter of 2023, 88.5%

Real Estate Agent 456

Real Estate Agent Sellers Inventory Mortgage 456

Housing Wire

OCTOBER 26, 2023

The partnership extends Offerpad’s reach by allowing seller requests from areas outside of Offerpad’s current markets to be served by certified agents affiliated with the Anywhere Leads Network , a nationwide network of 500 brokers and more than 100,000 real estate agents. “As

Real Estate Agent 344

Real Estate Agent Real Estate Sellers Agents 344

Housing Wire

APRIL 16, 2024

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground.

Real Estate Agent 398

Real Estate Agent Loan Officers Real Estate Agents 398

Housing Wire

AUGUST 25, 2022

Title insurance underwriter First American has launched a new digital platform for title agents, according to an announcement on Thursday. During the second quarter of 2022 , First American saw a 9% year over year dip in its total revenue for the second quarter, which came in a $2.1 billion.

Agents 330

Agents Real Estate Agent Real Estate Sellers 330

Housing Wire

OCTOBER 27, 2023

In response to the marketplace and at the urging of consumer advocates, NAR began to develop guidance for local MLS broker marketplaces as part of what always has been a very involved and public rule-making process aimed at creating the most consumer-friendly market possible. Real estate agents know city and county property taxes.

Real Estate Agent 454

Real Estate Agent Real Estate Realtors Buyers 454

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 415

Finance Real Estate Agent Real Estate Insurance 415

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. What’s especially interesting is that unlike average or low-performing agents, top-performing agents simply don’t lower their commission rates very often. “I

Agents 386

Agents Real Estate Agent Brokerage Real Estate 386

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” million loss in 2022. Martell believes there will not be “a zero commission” market. loanDepot recorded a non-GAAP adjusted net loss of $142.4 million in 2023, smaller than its $457.6

Mortgage 278

Mortgage Real Estate Agent Real Estate Renovations 278

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

DECEMBER 2, 2021

In his own words, as quoted by this publication: “In the mortgage market, fair and effective oversight can promote a resilient and competitive financial sector, and address the systemic inequities faced by families of color.”. As we move into 2022, purchase money mortgage loan business will be the only avenue for growth.

Real Estate 431

Real Estate Government Business Real Estate Agent 431

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 372

Inventory Housing Market Marketing Construction 372

Housing Wire

SEPTEMBER 15, 2023

in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. That rate is up from 14.3% The median U.S. This price was 2.8%

Buyers 387

Buyers Mortgage New Listings Real Estate Agent 387

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 421

Sellers Buyers Real Estate Contracts 421

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Have higher rates worked? Some data to consider: 1.

Housing Market 492

Housing Market Marketing Mortgage Inventory 492

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said. After originating $1.66

Buyers 370

Buyers Housing Market Marketing Real Estate Agent 370

Housing Wire

MARCH 13, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. New York City, New York In many ways the spring of 2022 marked the full return of New York City and for a real estate agent like Johnson Tsai, a lead agent at REAL, this meant a massive up-tick in rental demand. “We

Housing Market 334

Housing Market Marketing Tenants Buyers 334

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Call or text me with any real estate questions! You’ll want to include the list price, sale price, and days on market.

Real Estate 331

Real Estate Open Houses Brokerage Real Estate Agent 331

Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. However, the markets have hit an abrupt slow down, or might I say, cool down, kind of like this ice skater experienced.

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

Housing Wire

AUGUST 21, 2023

based firms on percentage revenue growth from 2019 to 2022. The minimum revenues required are $100,000 for 2019 and $2 million for 2022. million in a Series A funding round in 2022. Interestingly, none of the top three companies on the 2023 list made the cut in 2022. The self-reported list ranks U.S. They must be U.S.-based,

Real Estate 346

Real Estate Real Estate Agent Technology Investors 346

Housing Wire

JULY 25, 2022

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. In March 2022, the median list price of a home was up 21.4%

Housing Market 313

Housing Market Marketing Real Estate Real Estate Agent 313

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 416

Clients Agents Buyers Sellers 416

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs.

Agents 380

Agents Buyers Real Estate Agent Mortgage 380

Appraisal Buzz

APRIL 1, 2024

That’s the largest annual increase in percentage terms since April 2022, the firm says. Homebuyers are doing whatever they can to pull together a large down payment in order to lower their monthly payments moving forward,” says Rachel Riva, a Redfin real estate agent in Miami. I had one client who put down 40 percent.”

Real Estate Agent 195

Real Estate Agent Investors Buyers Real Estate 195

Housing Wire

MAY 4, 2023

Rocket has been cutting expenses and targeting purchase business, but the firm was unable to achieve profitability in Q1 in a shrinking mortgage market. The company’s GAAP net loss in Q1 was $411 million, a decline from 2022 Q4’s $493 million. decline from $19 billion in Q4 2022. Revenue in the first quarter of 2022 was $2.7

Real Estate Agent 369

Real Estate Agent Clients Mortgage Inventory 369

Housing Wire

FEBRUARY 6, 2024

Assumable mortgages remain a niche market compared to new mortgage issuance. Department of Veteran Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to a report in The Wall Street Journal. But these transactions have grown recently.

Mortgage 358

Mortgage Sellers Advertising Buyers 358