Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. trillion in loans, about half of 2021’s $4.4 trillion to $1.7

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Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

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Buyers Renovations Supply Chain Housing Market 370

Housing Wire

MAY 10, 2023

Today, she interviews Lili Thompson, founder of Lili Invests. Lili decided to explore the world of real estate investing in her hometown of Tulsa, Oklahoma, and began documenting her journey on YouTube. At just 27 years old, she has already established ownership of 13 properties.

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Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. Terms of the transaction were not disclosed. The companies claim they collectively serve more than 500 market participants.

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Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Launched in 2021, Splitero’s main focus is on home equity investments (HEI), which differs from home equity lines of credit (HELOC). Our brokerage is unique,” Michael Gifford told HousingWire. “It’s

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Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. When the home sells or the homeowner settles the investment within the 10-year period. Based on the notion that far too many U.S.

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Housing Wire

DECEMBER 30, 2022

Some flippers have shifted gears and begun to wholesale investment properties they find to rental property buyers. It stands to reason that if these buyers were interested in purchasing a home, they might prefer to rent a house rather than an apartment. The outlook for 2023 real estate investing?

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Housing Wire

JULY 27, 2021

Foreign buyers purchased $54.4 Though it’s undoubtedly COVID-related, the drop represents the fourth consecutive annual decline in foreign investment in U.S. Though it’s undoubtedly COVID-related, the drop represents the fourth consecutive annual decline in foreign investment in U.S. billion worth of U.S. billion.

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Housing Wire

JULY 17, 2023

Within three hours at DealMakers, I already learned enough information to more than justify the time and money invested. Buyers and sellers alike must learn to navigate these uncharted waters. Buyers aren’t willing to value companies at that level in this market, nor should they. For some, it’s like a child.

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Housing Wire

JUNE 21, 2023

Move-up buyers made up just 11% of sellers in May, while those looking for a smaller home accounted for 12% of all sellers. of sales were rental or investment properties or second homes , according to a survey of 1,063 listing agents. of buyers in the region paid above the seller’s original list price. In comparison, 32.4%

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Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” He makes co-marketing investments and helps partners with their databases by looking for any missed opportunity in the market. Many have been waiting for affordability challenges to subside,” Kan said.

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Inman

FEBRUARY 28, 2023

When working with buyers, take that conversation one step further, and share what you know about the different investment opportunities in real estate.

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Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

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Inman

NOVEMBER 30, 2023

Zak Shellhammer offers ideas for becoming an advocate and adviser for all of your buyers. Don't let fear keep LGBTQ+ and minority clients from realizing the benefits of homeownership.

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Inman

FEBRUARY 7, 2024

Hawaii State Senator Brenton Awa has presented a bill aimed at banning foreign buyers from purchasing or investing in property on the island. The senator said the bill, if passed, would be an important to improving affordability for residents.

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Housing Wire

AUGUST 10, 2023

Wells Fargo rolled out a down payment grant program that will offer $10,000 to eligible buyers or homeowners who currently live in or are purchasing homes in underserved communities in eight metropolitan areas. Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream.

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

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Housing Wire

JUNE 23, 2022

Co-founded in 2019 by Tim Herman and Louis Wilson, the lender and “power buyer” allows homebuyers to make all-cash offers to compete with institutional investors. UpEquity earns a commission from brokering or selling the mortgage buyers take out to buy their homes. The company paid one month of severance and 1.5

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Housing Wire

JANUARY 25, 2023

“This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams, an investment that will help build a foundation for generations to come,” Kasey Marty, executive vice president of secondary marketing at Guaranteed Rate, said in a statement.

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Appraisal Buzz

JULY 18, 2022

Foreign buyers purchased $59 billion worth of U.S. increase from the previous 12-month period and stopping a three-year skid in foreign investment in U.S. Foreign buyers purchased 98,600 properties, down 7.9% Foreign buyers purchased 98,600 properties, down 7.9% existing homes from April 2021 through March 2022, an 8.5%

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Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. Still, an ADU is a big investment, and potential customers are thinking harder before pulling the trigger. But the pandemic is now over and interest rates are way up. So, what’s happening with ADUs now? The short answer: a lot.

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Appraisal Buzz

AUGUST 10, 2022

Buying a fixer-upper remains a viable option for many buyers trying to stretch their dollar in the current environment of still-rising home prices, bidding wars, low inventory and rising interest rates. The post Fixer-Uppers Remain Viable Option for Cash-Strapped Buyers appeared first on Appraisal Buzz.

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Housing Wire

JANUARY 29, 2024

When it comes to home staging, there are two homeowner camps: those who think it’s a waste of money and don’t want to pay more to make their home more attractive to buyers and those who realize the worth and are willing to make the investment needed. In fact, this year I’d argue we need to take it a step further.

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Housing Wire

AUGUST 29, 2022

It’s an investment for the long term, strategically building the broker channel.” billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. Multibillion dollar investment.

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Housing Wire

MARCH 17, 2023

Broadly speaking, the market cooled for both investment buyers and owner-occupied buyers. Investment buyers purchased on average 81,000 homes, a 25% decline in activity when compared with the purchase activity observed in Q4 2021.

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Housing Wire

MAY 13, 2024

The Redfin analysis relied upon data from the Home Mortgage Disclosure Act (HMDA) covering purchases of second homes, primary homes and investment properties from 2018 to 2023. Lastly, the rental market is cooling compared to its pandemic-era peak, which creates less of an incentive to invest in a property. They took out 88.6%

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Housing Wire

MARCH 20, 2024

False: The NAR settlement will, for the first time, allow sellers to no longer pay compensation for an agent bringing the buyer. There has never been an obligation for a seller to pay buyer agent compensation , yet it is a practice that’s worked well.

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Sellers Real Estate Realtors Realty 450

Housing Wire

SEPTEMBER 17, 2020

Although buyer purchasing power has increased , many may not be able to find a home that’s affordable due to high home prices as a result of low inventory. The post First-time homebuyer activity decreased in Q2, but there’s still plenty of buyers out there appeared first on HousingWire.

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Buyers Insurance Finance Housing Market 413

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).

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Appraisal Buzz

JULY 29, 2021

In 31 of the top 50 markets, professional buyers are exacerbating the inventory shortage, but in a few major metros, the opposite is true. The post How Real Estate Investment is Affecting Housing Supply appeared first on theMReport.com. The post How Real Estate Investment is Affecting Housing Supply appeared first on Appraisal Buzz.

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Housing Wire

MAY 28, 2021

year over year in March 2021, per a report from Norada Real Estate Investments. “You’ve got a lot of young buyers — the millennial wave — that are looking to buy in San Jose, because they work at LinkedIn, Google, or Apple, which are all in this area,” Wellman said. ” Existing San Jose home sales were up 47.9%

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Housing Wire

FEBRUARY 28, 2024

Our driving mission — empowering families with financial flexibility and control — is bolstered with this capital investment,” Jarred Kessler, CEO and founder of EasyKnock (and a HousingWire Vanguard in both 2022 and 2023 ), said in a statement. The fourth round of investment came on the heels of a string of acquisitions.

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Housing Wire

JUNE 28, 2023

“Investor sentiment is positive right now as they haven’t let the macroeconomic environment slow them down,” said Kurt Carlton , co-founder and president of New Western , one of largest real estate investment marketplaces in the U.S. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

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Investors Housing Market Marketing Renovations 338

Housing Wire

OCTOBER 15, 2020

The good news is that there is plenty of demand for vacant properties, from both nonprofit and for-profit buyers. The post As vacant foreclosures increase, so does buyer interest appeared first on HousingWire. They have proven that they can efficiently return these distressed vacant properties to occupancy.”.

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Buyers Development Renovations Retail 329

Housing Wire

MARCH 4, 2022

Last week, mortgage investment firm Ellington Financial (NYSE: EFC) announced that it had reached a deal to acquire leading reverse mortgage lender Longbridge Financial, in a deal valued at roughly $75 million for a 49.6% So with that, I think the backdrop and the investment case to be made in Longbridge is favorable.

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Buyers Investors Investing Mortgage 273

Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. The DOJ believes that by eliminating it, affordability will improve for all. That is highly unlikely.

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Sellers Real Estate Agents Buyers 439

Housing Wire

MAY 10, 2024

A prospective buyer would still need to come up with $120,000 to close the gap. If the buyer has a 20% down payment, or $80,000, they would still need an additional $40,000 to seal the deal. Assumable mortgages enable qualified buyers to take over a seller’s mortgage terms, including the existing balance and interest rate.

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Mortgage Buyers Lending Investors 379