Housing Wire

JANUARY 26, 2024

Pending home sales rose 8.3% It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in December, up from 71.6 in November. million and a 15.8%

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Contracts Housing Market Construction Inventory 457

Housing Wire

FEBRUARY 29, 2024

January pending home sales leveled off after December’s surge but remained steady. Pending home sales dropped 4.9% Pending home sales dropped 4.9% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 This combination of economic conditions is favorable for home buying. in January, down from 77.3 in December.

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Contracts Inventory Realtors New Listings 398

Housing Wire

FEBRUARY 27, 2024

Home prices maintained their momentum in late 2023. National Home Price Index posted a 5.5% home prices faced significant headwinds in the fourth quarter of 2023,” Brian Luke, head of commodities, real and digital assets at S&P Dow Jones Indice s, said in a statement. The S&P CoreLogic Case-Shiller U.S.

Inventory 413

Inventory Housing Market Buyers Marketing 413

Appraisal Buzz

APRIL 23, 2024

New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% The median sales price of a new home sold in March was $430,700. As of the end of the month there were about 477,000 new homes available for sale in the U.S. compared with February and up 8.3% Census Bureau and U.S. about an 8.3-month

Mortgage 369

Mortgage Inventory Development Finance 369

Housing Wire

APRIL 19, 2024

Home sales in Pennsylvania jumped 23.6% existing home sales from February to March. Even though the spring homebuying season got off to a slow start across much of the U.S., one of the most populous states saw increased activity. This spring represents a window of opportunity for buyers and sellers who want to enter the market.”

Realtors 323

Realtors Inventory Real Estate Sellers 323

Housing Wire

MARCH 5, 2024

home price gains reached their highest rate in a year in January, according to CoreLogic ’s Home Price Index (HPI). annual home price growth rose by 5.8% On a monthly basis, home prices increased by 0.1%. But metro areas that have struggled with the impact of higher rates continue to see downward movement on home prices.

Mortgage 431

Mortgage Marketing Inventory Housing Market 431

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

Lending 444

Lending Inventory Mortgage Finance 444

Housing Wire

APRIL 16, 2024

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As

Investing 397

Investing Real Estate Investors Brokerage 397

Housing Wire

APRIL 17, 2024

home prices grew by 0.9% Even though the supply of homes for sale will remain tight, sagging demand should further slow price appreciation in a ‘higher-for-longer’ mortgage rate environment.” The starter tier includes home sale prices in the bottom one-third of the market price distribution.

Sellers 383

Sellers Marketing Mortgage Housing Market 383

Housing Wire

APRIL 18, 2024

Furthermore, the median price for all types of existing homes rose to $393,500 in March, an increase of 4.8% Meanwhile, others have grown accustomed to elevated rates and have accordingly factored the inflated rates into their home purchase budget. Despite the challenging housing market, demand isn’t fading.

Mortgage 312

Mortgage Housing Market Realtors Inventory 312

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Existing-home sales rose 3.1% While home sales remain sizably lower than a couple of years ago, January’s monthly gain is the start of more supply and demand,” NAR chief economist Lawrence Yun said in a statement.

Inventory 418

Inventory Sellers Buyers Realtors 418

Housing Wire

DECEMBER 26, 2023

Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. The data released on Tuesday shows that home prices in all nine U.S. home prices “accelerated at their fastest annual rate of the year in October,” Brian D.

Inventory 485

Inventory Real Estate Mortgage Marketing 485

Housing Wire

FEBRUARY 7, 2024

home prices posted their highest yearly rate of appreciation since January 2023, reaching 5.5% year over year in December, according to CoreLogic ’s Home Price Index. Home prices declined by 0.1% The data provider forecasts that home prices will decline by 0.2% compared to November 2023.

Inventory 467

Inventory Housing Market Mortgage Marketing 467

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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Inspection Real Estate Agent Real Estate Insurance 400

Sacramento Appraisal Blog

DECEMBER 4, 2023

It’s truly stunning to see that a company like Invitation Homes owns over 9,000 units in California. Today, I want to debut an interactive map I made to show where these homes are located.

Appraisal 532

Appraisal Investing Marketing 532

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. million existing homes were sold, the fewest since 1995. If there had been more listings on the market in 2023, we would have had more home sales.” In 2023, 4.09

Inventory 434

Inventory Realtors Housing Market Construction 434

Housing Wire

JANUARY 30, 2024

Home prices maintained considerable momentum in late 2023. National Home Price Index posted a 5.1% Detroit held its position as the best-performing market for the third month in a row Markets in the Northeast and the Midwest posted some of the fastest-growing home prices while some Western markets are picking up.

Mortgage 415

Mortgage Buyers Housing Market Marketing 415

Sacramento Appraisal Blog

OCTOBER 26, 2023

This owner transformed a tract home built in 2002 into something with serious Midtown modern vibes. How do we value something when it has really […] The post Making a modern home from a tract home first appeared on Sacramento Appraisal Blog. You will either love it or hate it.

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Modernization Appraisal Appraisal Tips 339

Housing Wire

SEPTEMBER 28, 2023

Mirroring the trend for new home sales , pending home sales fell 7.1% Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

Housing Market 443

Housing Market Contracts Government Buyers 443

Housing Wire

MARCH 15, 2024

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

Home Value 410

Home Value Finance Mortgage Marketing 410

Eyes on Housing

APRIL 17, 2024

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want.

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Buyers 217

Housing Wire

MARCH 26, 2024

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs.

Law 429

Law Real Estate Property Taxes Marketing 429

Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. From NAR : Total existing-home elevated 3.1% million in January.

Inventory 449

Inventory Mortgage New Listings Marketing 449

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. Buying a home is an unattainable dream for more than half of U.S.

Technology 366

Technology Tools Lending Marketing 366

Housing Wire

FEBRUARY 21, 2024

The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. We are thrilled to provide NAR members and their clients with access to our reliable pre-listing home improvements with pay-at-closing terms.”

Home Improvement 392

Home Improvement Realtors Real Estate Agent Inspection 392

Housing Wire

MARCH 14, 2024

The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners insurance premiums are climbing too. In Texas, rates shot up by 23.3%

Insurance 421

Insurance Buyers Finance Real Estate 421

Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. homeowners with outstanding mortgages, or some 63% of all homes, equity tied up in real estate jumped by 6.8%

Investing 305

Investing Renovations Tools Real Estate 305

Housing Wire

OCTOBER 31, 2023

Following July’s mini rally , home prices posted a 2.6% annual gain in August, according to the S&P CoreLogic Case-Shiller Home Price Index. home prices continued to rise in August 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement. The median existing-home sale price rose 2.8%

Inventory 462

Inventory Housing Market Contracts Realtors 462

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023.

Mortgage 528

Mortgage Inventory New Listings Sellers 528

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Stepping into Planet Home Lending marks a pivotal chapter in my career,” Kingsborough said in a statement.

Lending 349

Lending Retail Contracts Construction 349

Housing Wire

JANUARY 31, 2024

Mortgage company Evergreen Home Loans is continuing its expansion across the country with the opening of new branches in Montana, the company announced on Wednesday. “We We are thrilled to welcome the Montana team to our Evergreen family,” Robert Lipston, the company’s executive vice president of production, said in a statement.

Government 366

Government Mortgage 366

Housing Wire

JANUARY 6, 2024

Will the number of homes that take a price cut this year drop below 2023 levels? If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. However, as home sales stabilized in 2023, so did this data line.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. Long was most recently the executive regional manager for Union Home Mortgage before joining Planet. decline from 2022, according to Inside Mortgage Finance.

Retail 379

Retail Lending Renovations Construction 379

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, New home sales fell 5.6% down from 72.6 in September. above the previous year’s level.

Housing Market 466

Housing Market Inventory Realtors Construction 466

Housing Wire

AUGUST 30, 2023

Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% The NAR’s Pending Home Sales Index climbed to a reading of 77.6 “Jobs are being added and, thereby, enlarging the pool of prospective home buyers. .

Inventory 413

Inventory Contracts Buyers Realtors 413

Appraisal Buzz

APRIL 15, 2024

LenderLogix , a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, has released its first-quarter Homebuyer Intelligence Report, a summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools.

Loan Officers 367

Loan Officers Tools Mortgage Appraisal 367

Housing Wire

FEBRUARY 21, 2024

First Home Mortgage Corp. In that context, First Home appointed Chris Channell, a 2022 HousingWire Rising Star , to the position of vice president of business development at the Bethesda location. bolstered its presence in the Washington, D.C. Previously, Channel worked at Draper and Kramer Mortgage Corp.

Mortgage 423

Mortgage Clients Development Business 423