article thumbnail

Real Estate Virtual Demo Day: Metro Brokers

Housing Wire

McClelland was a top Realtor before starting a small independent firm in Atlanta after his first year in the business. He grew the firm to 23 offices with 1,100 agent before selling the company at the end of 2007. Metro Brokers – Craig McClelland. After successfully rolling in over 30 companies. Get More Info.

article thumbnail

How JVM Lending plans to expand without any loan originators

Housing Wire

Back in the 2007-2009 meltdown, we had loan officers with us at that time. Last five years, we focused in Texas, we never focused on investment property realtors,” Heejin Kim, co-founder of JVM said. “I We are going to pursue the investor niche aggressively, meeting very specific realtors. I thought it was sparse.

Lending 359
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Have we already reached peak home sales for the year?

Housing Wire

From the National Association of Realtors : Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – bounced 9.5% In 2007, they were 4 million. The purchase application data has weakened as mortgage rates headed higher earlier in the year. million in February.

Inventory 450
article thumbnail

HW+ Member Spotlight: Brian Gubernick

Housing Wire

He has more than 15 years of industry experience, holding multiple positions in the industry including being an investor, team owner/leader, brokerage operating partner, coach and trainer and corporate executive. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.

article thumbnail

Why are existing home prices rising when sales are still so low?

Housing Wire

million, and in 2007, it peaked at 4 million. NAR: First-time buyers were responsible for 32% of sales in March; Individual investors purchased 15% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 33 days.

Inventory 472
article thumbnail

Existing home sales lay the path for the 2024 housing market

Housing Wire

From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% For all the people screaming it’s housing 2008: Remember, we had 4 million active listings in 2007, and the annual monthly supply was 10.8

article thumbnail

Opinion: From Lehman to a digital housing platform

Housing Wire

Authorization : A digital loan file of record accessed by a broad range of trusted identities from lenders to guarantors to investors requires a permission structure. Investors require assurance that a file, note or instrument reflects the verifiable intentions of the committed parties. What’s next?