Housing Wire

MARCH 8, 2024

“A decline in mortgage rates — and the resulting uptick in sentiment — would obviously bode well for the upcoming spring homebuying season, although affordability will likely remain a significant challenge for buyers, at least until there’s a meaningful addition to net supply,” Duncan said. trillion in 2025, up from $1.50

Housing Market 460

Housing Market Development Mortgage Buyers 460

Housing Wire

DECEMBER 19, 2023

Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024. Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. As of now, there are no signs of increased sellers growing out of balance with the number of buyers.

Sellers 424

Sellers Marketing Inventory Contracts 424

Housing Wire

MARCH 21, 2024

These resources are what agents need to serve buyers and sellers well, and let those buyers and sellers keep more of their hard-earned dollars. Redfin says it is contemplating the offering for all agents in 2025. In the wake of the NAR settlement, customers are telling us this is more important to them than ever before.”

Agents 362

Agents Marketing Brokerage Real Estate 362

Appraisal Buzz

MAY 10, 2024

“Home prices increased again this March beyond the typical seasonal uptick, despite mortgage rates reaching this year’s high and the affordability crunch continuing to keep many prospective buyers on the sidelines,” says Selma Hepp, chief economist for CoreLogic, in a statement. in March 2025. CoreLogic’s forecast shows annual U.S.

Inventory 195

Inventory Insurance Buyers Appraisal 195

Housing Wire

DECEMBER 14, 2023

Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024. Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans.

Mortgage 476

Mortgage New Listings Loan Officers Inventory 476

Housing Wire

SEPTEMBER 21, 2023

Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said. In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. in 2024 and 5.1%

Real Estate 368

Real Estate Mortgage Buyers Inventory 368

Housing Wire

JUNE 13, 2023

Add Guild Mortgage to the list of lenders offering down payment assistance programs in order to court more buyers at a time when mortgage rates remain elevated. To qualify for the 1% down payment advantage program, buyers must have a minimum credit score of 620 and a 95 to 97% loan-to-value first mortgage.

Buyers 378

Buyers Retail Mortgage Insurance 378

Housing Wire

FEBRUARY 27, 2024

Second, a commission refund to customers who hire a Redfin agent after the first tour seems likely to increase home-buyer close rates in its first four pilot markets. We expect these projects to pay off throughout 2024 and 2025.” First, our all-variable pay plan is delivering significant revenue growth in major California cities.

Brokerage 328

Brokerage Housing Market Renovations Real Estate 328

Housing Wire

DECEMBER 22, 2023

Piercy expects that the combined MSR trading volume in the coming two years (2024 and 2025) will be on par with or slightly better than the combined trading volume of 2022 and 2023, when rates spiked and more than $1 trillion in MSR deals transacted each year. trillion, down considerably from the $4.4

Mortgage 396

Mortgage Marketing Housing Market Buyers 396

Housing Wire

MAY 8, 2024

First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. Compass has the best value proposition for buyers of any brokerage firm,” Reffkin said. Reffkin’s confidence came from what he called “five facts.” million to 5.6 million homes in 2026,” Reffkin said.

Agents 335

Agents Brokerage Real Estate Clients 335

Housing Wire

MARCH 5, 2024

Rather, their priorities are buyer education and the nurturing and building of more referral relationships to expand their market share, loan originators who spoke to HousingWire said. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. Market their listings; go to their listings.

Loan Officers 377

Loan Officers Mortgage Buyers Inventory 377

Appraisal Buzz

APRIL 4, 2024

by February 2025. That said, more inventory finally coming to market will likely translate to more options for buyers and fewer bidding wars, which typically keeps outsized price growth in check,” Hepp says. home prices increased 0.7% in February compared with January and were up 5.5% Nevertheless,” Hepp adds, “with a 0.7%

Inventory 150

Inventory Buyers Appraisal Marketing 150

Housing Wire

FEBRUARY 13, 2024

Our for-sale growth pillars mark the pathway to meeting our goals to grow customer transaction share from 3% to 6% by the end of 2025 and grow revenue alongside that transaction share growth,” Jeremy Wacksman, Zillow’s chief operating officer, said.

Agents 327

Agents Sellers Buyers Law 327

Housing Wire

MARCH 23, 2023

Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. in 2025. But those committed to buying a new home are really committed, LOs said. The national median payment applied for purchase applicants rose 4.9% The MBA projects the 30-year fixed rate mortgage to drop to an average of 5.3%

Mortgage 330

Mortgage Loan Officers Inventory Buyers 330

Housing Wire

DECEMBER 13, 2023

in 2025, indicating four more 25 bps cuts. We’re probably at an inflection point where rates have come down enough that more buyers are coming back into the marketplace,” said Melissa Cohn, regional vice president of William Raveis Mortgage. by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels.

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

NOVEMBER 1, 2023

Barton also told listeners that Zillow believes complete disruption to the existence of buyer’s agents is improbable, as the firm believes it is important for buyers to have someone looking after their interests in the homebuyer transaction. However, if buyer’s agency does disappear, Zillow is considering models where the U.S.

Real Estate 423

Real Estate Advertising Agents Realtors 423

Housing Wire

MARCH 25, 2024

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. The rate of new contracts is 8% more than last year but still 15% fewer than March of 2022, when buyers were desperately trying to get their deals done as rates were rising.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

MARCH 18, 2024

Lower rates mean more buyer competition and less unsold inventory. This is a pivotal time for measuring buyer demand. The question now is: will we surpass that all-time high this year or will it get delayed until 2025? If mortgage rates continue to rise to 7.5% But if rates finally fall, let’s say to 6.5% right now is $435,000.

Inventory 384

Inventory New Listings Sellers Contracts 384

Housing Wire

MARCH 7, 2024

Warden said the largest buyers of triple AAA, or top-rated, RMBS are generally the large money managers. Note of caution Ryan Craft , CEO of Saluda Grade — a real estate advisory, securitization and asset management firm — said the current driver of investor demand is the expectation that rates will go lower later in 2024 and into 2025.

Investors 347

Investors Government Mortgage Investing 347

Housing Wire

JULY 17, 2023

But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. Buyers are very sensitive, so if inflation reheats, unemployment spikes and mortgage rates jump again, then the economy fails at its soft landing and craters hard.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

NOVEMBER 1, 2023

I have four more that I’m in negotiations on representing buyers, and in some cases, buyers who might be interested in multiple transactions, and I think I’ll know the results of those [talks] in the next couple of weeks.” We could be down to 60,000 to 70,000 originators by 2025.”

Mortgage 431

Mortgage Loan Officers Finance Buyers 431

Housing Wire

DECEMBER 29, 2023

You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.” So to me, it’s still a big first-time buyer market in 2024. I think we are going to see (traditional) refinancing transactions really start to kick in in the second half of 2024, 2025.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. That didn’t end well, but let’s take a deeper look at what is happening here. So what is going on here?

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. That didn’t end well, but let’s take a deeper look at what is happening here. So what is going on here?

Inventory 369

Inventory Buyers Sellers Investors 369

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. “The labor market continues to be exceptionally strong, which could bring more buyers back into the market once rates move away from their recent highs.” debt ceiling impasse was solved when President Joe Biden signed a bill on Saturday to suspend the $31.4

Mortgage 374

Mortgage Investors Inventory Housing Market 374

Housing Wire

DECEMBER 26, 2023

If you compress the commissions on the buyer side by some amount it would have an effect on the overall commission pot and that would hurt the large publicly traded companies because that would be akin to just having a drawdown in volumes overall, which we’ve seen what that does to margins and profits and it hurts,” Paolone said.

Brokerage 406

Brokerage Mortgage Agents Bracketing 406

Housing Wire

DECEMBER 3, 2020

I work with first-time buyers throughout the county, and the majority of my clients are military and using their VA loans, so they don’t have a lot of liquidity,” said Alanna Strei, a California-based Realtor who said she has a “backlog” of first-time buyers looking to get into a home.

Property Taxes 302

Property Taxes Realtors Law Inventory 302

Housing Wire

NOVEMBER 10, 2023

That doesn’t take into consideration the number of buyers that had already applied and were sitting on the sidelines. Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I

Mortgage 413

Mortgage Inventory Marketing Retail 413

Will Springer Realtor

FEBRUARY 13, 2024

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. in Q1 2025 (6.3%) 5.6% in Q2 2025 (6.2%) 5.6%

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

JANUARY 29, 2024

The most pessimistic forecast call for a drop of 40% nationwide by the end of 2025. Certain categories of borrowers, like reverse mortgage customers and first-time buyers who stretched to buy homes during the recent run-up in prices, may have an elevated risk of default when taxes or insurance costs rise.

Insurance 344

Insurance Real Estate Technology Clients 344

Housing Wire

OCTOBER 14, 2020

San Francisco-based StreamLoan has forged a partnership with insurance giant Progressive enabling home buyers and homeowners who use StreamLoan’s digital mortgage platform to obtain quotes for homeowners’ insurance. billion by 2025, with banks and insurance companies consuming much of the market share.

Insurance 324

Insurance Technology Lending Real Estate Agent 324

Housing Wire

MARCH 8, 2024

million and that funds will be only distributed to “qualifying settlement class members who submit an approved claim form,” which much be submitted by May 9, 2025. The emails and postcards also note that the settlement total is $208.5 Recipients are also given the option to “opt out” or object to the settlement. she asked. “It

Agents 377

Agents Legal Realtors Clients 377

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” Hale added that at this time, “buyers have the upper hand.” “I “Normally you’re trying to keep it out [of the public eye],” he explained. “It

Mortgage 365

Mortgage Marketing Buyers Lending 365

Will Springer Realtor

APRIL 9, 2024

That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. Mortgage rates continue to be the focus of both sellers and buyers, waiting for something to give. and end next year at about 6.0%.

Marketing 60

Marketing Inventory Buyers Sellers 60

Housing Wire

FEBRUARY 7, 2023

That imbalance favors buyers and is expected to be a drag on MSR pricing that threatens to squeeze margins for already struggling IMBs — particularly the smaller players, regardless of whether they sell or retain servicing. Rice Park Capital acquired some $30 billion in MSRs [UPB] in 2022, Smith said.

Sellers 283

Sellers Investors Valuation Finance 283

Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. In typical rate rising cycles, there is a lack of buyers.

Sellers 74

Sellers Real Estate Buyers Inventory 74

Will Springer Realtor

JANUARY 23, 2024

Headlines aside, many prospective buyers have explained to me that they want to leap to homeownership but are waiting for prices and/or mortgage rates to come down. Yes, that’s the affordability challenge – meeting buyers in their happy spot as they manage budget responsibilities every month. This is useful but overly simplified.

Buyers 44

Buyers Landlords Mortgage Real Estate 44