Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes.

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Buyers Inventory Open Houses Technology 414

Housing Wire

APRIL 24, 2024

Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I Hilary Saunders speaks at The Gathering by HousingWire on Monday, April 22.

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Brokerage Legal Fees Real Estate Agents 365

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Gault and Wexler both came from real estate families and have been in the industry for over 20 years.

Real Estate Agent 371

Real Estate Agent Real Estate Agents Brokerage 371

Housing Wire

MAY 2, 2024

Real estate brokerage William Raveis has returned to the acquisitions business. Founded in 2006, Carson Realty serves clients in the South Carolina markets of Hilton Head, Bluffton and Lake Keowee. “The On Thursday, the family-owned firm announced that it had acquired South Carolina -based Carson Realty.

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Realty Insurance Brokerage Clients 298

Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. “This is the strongest seller’s market since at least 2006,” Fairweather said. The post Buyers are overpaying, but are there signs of a bubble? appeared first on HousingWire.

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Buyers Sellers Inventory New Listings 545

Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply. ” However, the U.S.

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Buyers Construction Inventory Housing Market 441

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: How can REO asset managers keep costs low and improve margins? territories.

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Business Marketing Real Estate Legal 337

Housing Wire

JUNE 23, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The demand for homes is the highest it’s been since 2006,” Campbell said. But the distinctive difference today is the profile of the buyer. “But Annapolis, Maryland.

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Housing Market Real Estate Agent Marketing Loan Officers 286

Housing Wire

DECEMBER 28, 2021

By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” There’s buyer fatigue and real questions about affordability.”

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Real Estate Realty Brokerage Realtors 440

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. No buyer must use a real estate agent — ever. What about the MLSs?

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Real Estate Agent Real Estate Brokerage Agents 413

Housing Wire

FEBRUARY 17, 2023

Simonsen founded Altos Research in 2006. With data specific to your local market like this, agents can become local experts and answer their buyers and sellers questions faster. This conference is the must-attend event of 2023 for real estate presidents, senior leaders, and broker-owners.

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Sellers Housing Market Real Estate Agents 315

McKissock

MARCH 15, 2022

While there is some unpredictability before spikes or plunges, there are many signs that can point to a growing real estate bubble or a burst. Below we describe a variety of market events that may indicate that the real estate market is on the verge of a housing boom or housing bust. Signs of a possible real estate burst.

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Real Estate Finance Sellers Real Estate Agent 88

Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end.

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Inventory Housing Market Lending Buyers 429

Housing Wire

AUGUST 27, 2020

“These rates continue to incentivize potential buyers and the home-buying season, which shifted from spring to summer, will likely continue into the fall.”. That beat the prior record gain of 21% set a month earlier, as low mortgage rates fueled demand for real estate purchases, the National Association of Realtors said in a report on Friday.

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Mortgage Realtors Real Estate Finance 518

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Transactly , a real estate transaction platform that provides automation, integrations and tech-enabled services that significantly reduce process time, placed 126th in 2023. The self-reported list ranks U.S.

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Real Estate Real Estate Agent Technology Investors 349

Housing Wire

MAY 3, 2022

Mounting mortgage rates and home prices are creating increasing affordability pressures for some prospective buyers. . in July 2006, according to Black Knight’s latest monthly Mortgage Monitor report. Buyers who closed on a property in March had a good chance of locking in mortgage rates at around 4%. Housing prices are up 5.9%

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Buyers Mortgage Housing Market Real Estate 422

Housing Wire

JULY 25, 2022

“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So, Inventories are rising across the country.

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Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

JUNE 11, 2021

Most of the highest producing real estate agents in the country belong to an established, national brokerage. The data captures a historic year in which the housing market cratered at the pandemic’s start only for sales to surge in the fall to their highest level since the 2006 housing bubble.

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Agents Brokerage Realty Real Estate 423

Housing Wire

NOVEMBER 16, 2020

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Interest rates were so low, at 2.5% 7,” Raitu said.

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Housing Market Real Estate Agent Marketing Real Estate 408

Housing Wire

MARCH 28, 2022

That’s nearly 200,000 above the previous peak in 2006. Working with buyers scrambling to compete in an insane seller’s market has become a 24/7 job; homes sell in the blink of an eye. Things in the real estate agent and broker world right now are, in a word, intense. Second, most real estate agents are people people.

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Realtors Real Estate Agent Marketing Advertising 321

Housing Wire

OCTOBER 8, 2021

Homes remain much more affordable in 2021 than they were during the home price runup in 2005 and 2006, but the seven-month trend in deteriorating affordability is starting to gradually slow demand. Auction.com buyer Steve Johnson purchases and renovates distressed homes in Georgia and Tennessee. Homebuyers Losing Heart.

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Renovations Inventory Marketing Property Taxes 542

Housing Wire

DECEMBER 29, 2020

from its former high in July 2006. Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. The S&P CoreLogic Case-Shiller index covering home prices of all nine U.S.

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Buyers Construction Realtors Inventory 542

Housing Wire

APRIL 8, 2022

However, unlike in 2006 when demand was getting weaker and inventory was above six months, it’s the opposite now during the B.C. As you can see above, the monthly supply in 2006, 2007, 2008, 2009, 2010, and 2011 was above 6 months on average, running at 8.71 history are ages 26-32, and the first-time median home buyer age is now 33.

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Housing Market Marketing Inventory Lending 391

Lamacchia Realty

JANUARY 11, 2023

We are thrilled to share that in 2022, no other real estate office in Worcester County sold more homes or had higher sales volume than Lamacchia Realty Worcester ’s office. This office was the #1 Independent Real Estate Brokerage and Office in Worcester for Closed Sales Dollar Volume and Transaction market share in 2021.

Real Estate 68

Real Estate Realty Realtors Brokerage 68

McKissock

OCTOBER 20, 2021

It’s no secret that the real estate market has been soaring over the past few years, particularly when it comes to luxury or high-end homes. Suffice it to say, it is a great time to be a luxury real estate agent or broker. Tami is a real estate marketing expert and accomplished trainer. John Wenner.

Real Estate 52

Real Estate Marketing Advertising Real Estate Agent 52

Eppraisal

DECEMBER 2, 2021

There is a lot in the news about the real estate market and how home values are rising, inventory and interest rates are low, and the like. The one issue that doesn't get much attention is real estate agent safety. It can be dangerous out there in the world of real estate.

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Real Estate Agent Real Estate Agents Buyers 36

Housing Wire

NOVEMBER 30, 2020

The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. “Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices.

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Realtors Inventory Contracts Development 532

Housing Wire

SEPTEMBER 2, 2020

The buyers are coming in because of the low interest rates – that’s the No. It was the highest sales level since 2006 and the biggest monthly increase on record. 1 reason,” said Lawrence Yun, chief economist of the National Association of Realtors said in an interview with HousingWire. million in July, NAR said in an Aug.

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Housing Market Marketing Realtors Mortgage 546

Housing Wire

MARCH 23, 2022

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Homebuilder confidence fell in March as builders continue to face supply chain disruptions, price increases, and concerns that declining affordability will price out buyers.”. This is an increase of 3.3% after a 10.4%

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Supply Chain Housing Market Buyers Construction 353

Housing Wire

MAY 25, 2021

to the highest level since 2006. Despite these rising prices, the underlying demand for owner-occupied homes remains strong, and with record shortages of existing homes for sale , prospective buyers are shifting to new homes. Presented by: MCT. While total sales fell over the month, homes sold-but-not-yet-started jumped by 16.5%

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Construction Technology Development Marketing 414

Housing Wire

JULY 20, 2021

It’s the third-highest number of housing starts builders have broken ground on in one month since May of 2006, a sign of strong buyer demand. “Millions of buyers are eager and able to buy, if only they can find the right home at an affordable price.”.

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Supply Chain Construction Inventory Buyers 433

Housing Wire

APRIL 23, 2021

A National Association of Realtors’ report from 2020’s end found the highest volume of home sales since 2006. The result, Fairweather said, is a cycle with no sign of letting up, where “Buyers are scrambling to complete for the limited number of homes on the market, which continues to drive home prices up to new heights.”.

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Inventory Housing Market Realtors Marketing 433

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., put more pressure on home prices. In February, it took 33.2%

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Inventory New Listings Housing Market Mortgage 389

Housing Wire

DECEMBER 30, 2020

from its former high in July 2006, and was up 8.4% “The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates,” Yun said. The National Index is now up 24.5% year over year.

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Contracts Inventory Realtors Government 532

Housing Wire

FEBRUARY 8, 2024

Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. Redfin found that the city’s median sales price was up 6.9%

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Inventory Agents Housing Market Luxury Properties 371

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The end of seller speculation in the housing market is long overdue and welcome news for buyers. A few months ago, the United States housing market failed Econ 101.

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Housing Market Sellers Marketing New Listings 390

Housing Wire

APRIL 27, 2021

The 12% home price gain is the highest recorded increase since February of 2006. “This data remains consistent with the hypothesis that COVID-19 has encouraged potential buyer to move from urban apartments to suburban homes,” Lazzara said. in January. It’s the ninth straight month of increasing prices.

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Inventory Buyers Finance Investing 382