Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.” months in March 2023. Existing home sales receded by 4.3% million, down from 4.38

Inventory 339

Inventory Real Estate Agent Sellers Buyers 339

Housing Wire

MARCH 6, 2024

Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis.

Realtors 406

Realtors Buyers Inventory Sellers 406

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). in 2023 and 5.4% year over year in 2023 to a total of 4.47 year over year in 2023 before posting a 19.4%

Housing Market 393

Housing Market Realtors Contracts Buyers 393

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year. million to 5.07 million to 5.07

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. That may be a slightly rosy framing of buyer agents’ impact on ZIllow’s revenues.

Investors 385

Investors Agents Real Estate Buyers 385

Housing Wire

MAY 25, 2022

But buyers and sellers aren’t just looking to startups and tech companies to create these experiences; they’re also expecting more innovative services and products from industry incumbents as well, including homebuilders. Smart home features also pique the interest of two-thirds of new build buyers.

Construction 421

Construction Real Estate Buyers Sellers 421

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. home sales during the third quarter (3Q) of 2023, according to a report from Redfin – about the same as one year earlier (35.9%) but up from 27.6% in 2023, down from 40.0% a year earlier.

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). in 2023 before increasing to 4.1% in 2023, settling at 4.38 On the flip side, newly constructed home sales are forecast to increase 12.3%

Construction 339

Construction Inventory Realtors Housing Market 339

Lamacchia Realty

FEBRUARY 6, 2024

has released its “Top Producing REALTORS®,” for January 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by the office with the highest transaction numbers or sales for the month! Additionally, Eileen most recently qualified for the 2023 President’s Club and 2023 President’s Club ELITE.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

MARCH 7, 2023

has released its “Top Producing REALTORS®,” for February 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

NOVEMBER 19, 2020

Now, these highly favorable mortgage rates are continuing to bring fresh buyers to the market, said National Association of Realtors chief economist, Lawrence Yun. As a result, Yun said home prices are increasing far too quickly , which may prove difficult for first-time buyers trying to come up with a down payment.

Mortgage 546

Mortgage Construction Valuation Buyers 546

Housing Wire

MAY 14, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price.

Sellers 295

Sellers Realty Insurance Realtors 295

Housing Wire

JULY 25, 2023

Home prices showed resilience in May as buyers took advantage of the relatively lower rates during that month, keeping the pressure on available inventory. home prices continued in May 2023,” Craig Lazzara, managing director at S&P DJI. “ million – the slowest since January, according to the National Association of Realtors (NAR).

Inventory 272

Inventory Construction Buyers Mortgage 272

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 366

Business Loan Officers Clients Inventory 366

Housing Wire

AUGUST 24, 2023

In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. The group upgraded its 2023 real GDP growth outlook to 1.9% million in July 2022, according to the National Association of Realtors. “If on a Q4/Q4 basis and revised its 2024 GDP growth prediction to a 0.2% decline from 0.1%

Construction 262

Construction Retail Mortgage Contracts 262

Empire Appraisal Group

JULY 27, 2023

Source: [link] Why Don’t More Buyers Consider a Fixer-Upper? In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. Source: Wall Street Journal (06/27/23) Dagher, Veronica © Copyright 2023 INFORMATION INC.,

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel. “To

Loan Officers 343

Loan Officers Clients Mortgage Construction 343

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). For transaction types, all-cash sales accounted for 26% of purchases in June, up from 25% in both May 2023 and June 2022.

Inventory 277

Inventory Buyers Construction Realtors 277

Housing Wire

APRIL 9, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. While we took some heat from raising this issue at that time, the proposed Realtor settlement could mean that this now becomes a reality on the ground.

Sellers 425

Sellers Realty Insurance Realtors 425

Housing Wire

MAY 3, 2024

We have so much new construction happening. Andrea Bushnell, the CEO of North Carolina Realtors , said this issue is not just confined to the Charlotte area. “I Compounding the issues created by the state’s lack of inventory is the volume of out-of-state buyers still moving into North Carolina. of moves being inbound versus 39.9%

Inventory 290

Inventory Housing Market Marketing Real Estate 290

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023. year-over-year.

Mortgage 400

Mortgage Loan Officers Buyers Inventory 400

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years. Judge Stephen R.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. HW: What are the risk management challenges for REO assets?

Business 337

Business Marketing Real Estate Legal 337

Housing Wire

FEBRUARY 8, 2024

In 2023, Tate was recognized by RealTrends as one of the Best Real Estate Professionals in the United States. Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Representing the top 1.5% of more than 1.6

Real Estate Agent 366

Real Estate Agent Real Estate Agents Clients 366

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

MAY 10, 2023

Lawrence Yun , the National Association of Realtors ’ chief economist, took a stronger stance during the “Residential Economic Issues and Trends Forum” at NAR’s ongoing Legislative Meeting. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline.

Housing Market 341

Housing Market Insurance Realtors Buyers 341

Housing Wire

OCTOBER 6, 2023

Some of these professionals spoke to HousingWire during AIME Fuse 2023, an Association of Independent Mortgage Experts conference held Oct. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. 4-7, in Las Vegas.

Mortgage 463

Mortgage Real Estate Agent Renovations Finance 463

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. Tables have turned for some sellers.

Mortgage 388

Mortgage Sellers Contracts Buyers 388

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. From NAR: First-time buyers were responsible for 29% of sales in December; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 29 days.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Lamacchia Realty

APRIL 17, 2024

Potential home buyers may be looking for that extra bit of charm that wood floors offer. Whether drawn to the timeless aesthetics of wood or the practical perks of easy maintenance, it’s evident that many buyers are choosing hardwood floors over carpet or tile. Do Wood Floors Increase Home Value?

Home Value 66

Home Value Buyers Realtors Realty 66

McKissock

MAY 30, 2023

Uncover this month’s economic trends and insights—written from an appraiser’s standpoint—in the following economic recap for May 2023. Economic recap May 2023 The current economic landscape is riddled with several critical issues that demand attention. month supply, underlining the ongoing need for home construction.

Real Estate 73

Real Estate Construction Appraisal Inventory 73

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects. According to the U.S.

Renovations 58

Renovations Supply Chain Construction Home Improvement 58

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . by the end of 2023,” the MBA’s December market-forecast report states. They include a $405.2

Marketing 399

Marketing Investing Investors Landlords 399

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Think of it like a rollercoaster that started in late 2022 and has continued into early 2023.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

JULY 6, 2023

Fannie Mae recently projected originations for 2023 at $1.59 New-home sales are up 20% year over year as of May 2023 while sales of existing homes are down by the same level, resulting in new-home sales accounting for some 30% of total housing inventory. fix-and-flippers] who are willing to sell to a first-time buyer,” he said.

Inventory 447

Inventory Renovations Real Estate Government 447

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36