Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” Khater said in a statement. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%.

Mortgage 368

Mortgage Buyers Government Lending 368

Housing Wire

MARCH 27, 2024

And before getting my real estate license in 2009, I had the same opinion, too. The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. Buyer representation agreements shouldn’t scare anyone. The commission is the commission.

Real Estate Agent 301

Real Estate Agent Real Estate Agents Sellers 301

Housing Wire

FEBRUARY 1, 2021

By comparison, 406,652 short sales were completed through the program, which ran from 2009 to 2016. million properties foreclosed on between 2009 and 2019 could potentially have qualified for a short sale from a home equity perspective. More than 1.7 More than 45% of the 1.7 million represents 98% of the total 6.9

Buyers 381

Buyers Mortgage Marketing Home Value 381

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. some luxury residential markets that saw an influx of Chinese buyers could be particularly vulnerable. The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff.

Real Estate 416

Real Estate Housing Market Marketing Investors 416

Housing Wire

MAY 11, 2022

Conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) purchase loan application volume led the gain in mortgage application volume even as mortgage rates rose to 5.53%, marking the highest since 2009, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Mortgage 432

Mortgage Contracts Retail Buyers 432

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are His articles are always my favorite.

Sellers 384

Sellers Inventory Housing Market Buyers 384

Housing Wire

FEBRUARY 6, 2023

She then moved on to PNC/National City Mortgage ( PNC acquired it in 2008) as a mortgage originator, and then was promoted to sales manager in Ohio and finally, to branch manager in 2009.

Legal 318

Legal Mortgage Lending Buyers 318

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! Yet staggeringly few are aware of its existence.

Finance 448

Finance Real Estate Agent Real Estate Insurance 448

Housing Wire

NOVEMBER 3, 2020

Online real estate marketing platform Hubzu has launched a new mobile app, available for residential real estate buyers. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. Since 2009, it has facilitated the more than 4.5 million bids and the sale of more than 225,000 homes.

Real Estate 258

Real Estate Tools Technology Retail 258

Housing Wire

MAY 26, 2022

Today, however, the purchase application data is actually down to levels we saw in 2009 ! How can housing inventory be so low today when it skyrocketed back in 2009? The post Purchase apps are at 2009 level: where’s the inventory? If you connect the lines, you can see where we are on a historical basis.

Inventory 515

Inventory Housing Market Construction Marketing 515

Housing Wire

MAY 9, 2022

Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates , reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. . Compared with the same period last year, the number of rate locks by mortgage volume was down 25.4%. .

Mortgage 370

Mortgage Home Value Buyers Lending 370

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. And, in-turn, when the market falls, it will fall forever.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

MAY 4, 2022

Prior to 2009, housing was overbuilt relative to demand. Demand driven by demographics is different than demand driven by mortgage finance innovation and “fix-and-flip” home buyers, as was the case in the mid-2000s. Since then, the housing market has been underbuilt, and the supply deficit has grown.

Housing Market 364

Housing Market Finance Marketing Mortgage 364

Housing Wire

MARCH 21, 2024

This is from 2009 — I opened up a high-tech real estate brokerage with actual agents, working through transactions day in day out and really understanding what processes look like. For us, it’s all about creating one streamlined experience for whatever that agent is doing with buyers or sellers.

Real Estate 439

Real Estate Technology Agents Brokerage 439

Housing Wire

MAY 18, 2021

“I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But the past three years — and 2020, specifically — have been something else. Presented by: Citi.

Real Estate 440

Real Estate Marketing Real Estate Agent Agents 440

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. Is this still the case, and what is the demand like from first-time buyers? I’m curious how this will impact potential buyers.

Inventory 353

Inventory Marketing Business Buyers 353

Housing Wire

APRIL 12, 2022

In 2009, Samson Properties, still led by Danny Samson, created Cardinal Title Group, and soon thereafter gave agents a 100% commission. “We The company totaled 20,210 in 2021 transaction sides (If you represent just one side of the deal, buyer or seller, that counts as a side). That changed amid the Great Recession. Samson reported $9.6

Brokerage 370

Brokerage Agents Real Estate Insurance 370

DW Slater Company

JANUARY 30, 2023

Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates. We will soon be seeing the spring market and it will be interesting to see where mortgage rates are going to be and how confident buyers and sellers will be in the spring market. Gone are the days of bidding wars and multiple offers.

Housing Market 122

Housing Market Marketing Real Estate Appraisal 122

Housing Wire

APRIL 7, 2022

This will likely be a new experience for most buyers so providing as much information as possible at the beginning of the closing process will be key. According to a Global Workplace Analytics study , remote work has grown 159% since 2009. How can you prepare a homebuyer for a RON closing? Provide an overview of the closing.

Law 364

Law Technology Insurance Agents 364

Lamacchia Realty

JULY 26, 2023

The rising rates over the past 16 months have decelerated the number of sales as buyer affordability has been greatly diminished and because sellers are hesitating to list. We have data for Connecticut that dates back to 2009 and you’ll see that the highest number of Q1 listings was in 2010 at 21,830 compared to this year at 9,529.

Sellers 59

Sellers Buyers Real Estate Realty 59

Lamacchia Realty

JULY 21, 2023

Chris served buyers and sellers in the Greater Merrimack Valley area during his time as a REALTOR. Chris Rochon Business Development Consultant Lamacchia Realty has been serving buyers and sellers since 2009. Before he got into the real estate market, Chris spent 30 years working in the customer service industry.

Development 69

Development Business Realty Realtors 69

Lamacchia Realty

SEPTEMBER 20, 2023

EVERYTHING YOU NEED TO KNOW ABOUT CLOSING COST CREDITS Buyers , sellers , and sometimes even real estate agents get confused with how closing cost credits work. Closing cost credits are a great tool to help buyers pay their closing costs and have more money after closing. This enables the buyers to bring less money to closing.

Sellers 62

Sellers Buyers Property Taxes Inspection 62

Housing Wire

MARCH 27, 2023

We have partnered with the FDIC to successfully complete more FDIC-assisted transactions since 2009 than any other bank, and we appreciate the confidence the FDIC has placed in us once again,” Frank Holding, Jr., the chief executive of First Citizens, said in a statement.

Insurance 77

Insurance Loan Officers Mortgage Clients 77

Housing Wire

DECEMBER 16, 2021

Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession. months, but the addition of new homes to the mix should lead to more choices for potential buyers in 2022, including many who had hesitated to list their homes in 2021. The encouraging news?

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Will Springer Realtor

AUGUST 1, 2023

Short sales were a common sight in the housing recession around 2009 but they have since faded from the headlines as homeowners typically find buyers before facing financial doom. The first buyer can raise his/her bid to beat other offers.) What is a short sale? Housing and Urban Development (HUD) team of counselors.

Sellers 36

Sellers Buyers Real Estate Legal 36

Housing Wire

MARCH 4, 2022

This is why I use the term replacement buyers for housing, and it applies to workers too. The 10-year yield didn’t collapse lower when we had deflationary pressures in 2009. Luckily for the United States of America, our demographics are solid going out into this century compared to other countries.

Mortgage 384

Mortgage Retail Construction Marketing 384

Housing Wire

APRIL 14, 2022

The soaring federal deficit requires even more buyers of bonds, and some government bond sales may make it more difficult to issue MBS securities, unless with higher interest rates.”. in 2009 to 1.9% . “… If China reduces its holdings of U.S. The Fed, however, appears resolute in its path. “As by the end of the year.

Marketing 398

Marketing Investors Government Investing 398

Lamacchia Realty

JULY 14, 2023

Mike McGrory Vice President of Lamacchia Property Management Lamacchia Realty has been serving buyers and sellers since 2009. Before potential buyers walk into your home, what do Read More » The post Kara Foley Announced as the Cape Cod Regional Manager appeared first on Lamacchia Realty.

Realty 64

Realty Property Management Real Estate Realtors 64

Housing Wire

AUGUST 1, 2023

Foreign buyers purchased $53.3 Foreign buyers closed on 84,600 properties, down 14.2% It was the lowest number of homes bought since 2009, when NAR began tracking this data. “Sharply lower housing inventory in the U.S. The increase in prices for foreign buyers reflects the increase in U.S. existing homes last year.

Buyers 363

Buyers Realtors Real Estate Inventory 363

Housing Wire

JUNE 8, 2022

Ages 28-34 are the biggest age group ever and when you add them with move-up, move-down, cash, and investor buyers together, you have solid replacement demand. Also, you can see that purchase application data is back at 2009 levels , but sales and inventory are not. This also means we might have problems with inventory as well.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

McKissock

AUGUST 9, 2021

After working for a time at a Chicago radio station, he got his first real estate job in 2009. Or sometimes buyers will simply put the word out on Facebook: “Getting ready to buy! A: In a home, our buyers, who mostly buy condos, want the same thing everyone else does — a little more than they can afford! A: Inventory.

Clients 96

Clients Real Estate Real Estate Agent Client Relationships 96

Listing Spark

AUGUST 17, 2023

FHA loans are becoming an increasingly popular option for buyers all across the home market. The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements.

Investors 36

Investors Investing Buyers Real Estate 36

Housing Wire

APRIL 21, 2022

It’s a different story in the non-distressed retail market, where the large institutional buyers are crowding out both owner-occupant buyers and local real estate investors, according to Kerr, who is president of locally based Mid South Home Buyers. Bulk Buyer Bonanza. The bulk buyer purchases accounted for 8.4%

Investors 396

Investors Renovations Marketing Retail 396

Empire Appraisal Group

JULY 6, 2022

Wary buyers and rising interest rates may affect some U.S. Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages. Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s WEST PALM BEACH, Fla. –

Marketing 78

Marketing Landlords Real Estate Tenants 78

Appraisal Today

DECEMBER 29, 2023

Functional obsolescence may or may not be caused by trends in buyer or market preferences, outdated design, or even advances in technology. Buyers are likely to see this as a flaw in the floor plan regardless of trends. Buyers are likely to see this as a flaw in the floor plan regardless of trends. 4,000 sq.ft.

Appraisal 76

Appraisal Design Business Modernization 76

Housing Wire

JANUARY 27, 2023

Back in the 2007-2009 meltdown, we had loan officers with us at that time. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 386

Lending Real Estate Agent Loan Officers Retail 386

Housing Wire

JULY 14, 2022

Among nearly 135,000 properties foreclosed between 2016 and 2020 that sold to third-party buyers at foreclosure auction on the Auction.com platform, more than half (54%) are owner-occupied as of 2022, according to public record county tax assessor data from ATTOM Data Solutions. Net owner-occupancy rates. The role of renovators.

Renovations 350

Renovations Investors Buyers Retail 350