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Homepie CEO Brad Rice on making FSBO easier

Housing Wire

Ironically, the technology he’s developed can be a benefit to real estate agents as well. SW: Why did you want to develop this platform? When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion.

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Despite Fed talk, only 72K new homes are for sale

Housing Wire

During the housing bubble crash years, active listings grew to more than 4 million in 2007 because most of the inventory in the U.S. NAR active listings data (see chart below): 2007: 4 million active listings 2023: 1.08 Census Bureau and the Department of Housing and Urban Development. comes from the existing home sales market.

Inventory 316
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HW+ Member Spotlight: Brian Gubernick

Housing Wire

This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash. To become an HW+ member, click here.

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Homebuilders still need lower mortgage rates

Housing Wire

This makes them much more efficient sellers than existing homeowners, who need to find another house once they sell. The builders actually lucked out here because back in 2007, we had over 4 million active listings of existing home, which are usually cheaper than comparable new homes. months of supply. percent (±18.5 percent (±13.2

Mortgage 536
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Only 70,000 new homes available for sale

Housing Wire

Census Bureau and the Department of Housing and Urban Development. This is different from the 2007 housing market when the builders’ sales were still collapsing and monthly supply spiked with rising cancellation rates. They can do this by cutting prices and buying down rates, as I believe they are efficient sellers.

Inventory 516
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New home sales defy recession calls

Housing Wire

They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. In 2007, we had more than 4 million total active listings, which was too much supply for the builders to compete effectively. Census Bureau and the Department of Housing and Urban Development.

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Stepping up the fight against fraud in mortgage lending

Housing Wire

In a pilot program we developed, a technology solution was able to successfully scan a small batch of loans to detect undisclosed property liabilities such as tax liens and child support/alimony payments. Banks have no choice but to honor these loans and, in the 2007 financial crisis, we saw the devastating consequences.

Lending 410