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Buyers and sellers agree: it’s a good time to enter the housing market

Housing Wire

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Compared to this time last year, the HPSI is still down 7.1 million Americans unemployed.

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The housing market is now savagely unhealthy

Housing Wire

NAR Research : First-time buyers were responsible for 29% of sales in February; Individual investors purchased 19% of homes; All-cash sales accounted for 25% of transactions; Distressed sales represented less than 1% of sales; Properties typically remained on the market for 18 days. We have solid replacement buyers: people needing shelter.

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Mortgage loan-trading platforms prepare for fall in volume

Housing Wire

On these platforms, originators can lock down the best loan price from various buyers, typically asset managers and institutional investors. The last 12 months have been great,” said Tom Pearce, CEO of Maxex, an Atlanta-based fintech company founded in 2016. “In 2021, we’ve had a record volume.

Mortgage 383
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Are Buyers In The Driver’s Seat Now?

Birmingham Appraisal

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

Buyers 86
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Cash-offer giant Flyhomes nabs $150M in Series C round

Housing Wire

The buyer pays for FlyHomes’ cost of owning the home, but according to the company, that amount is often less than the standard commission rebate that FlyHomes provides to its buyers at closing. The company claims that this process makes submitting a FlyHomes Cash Offer “effectively free” for the buyer.

Brokerage 384
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FHFA conforming loan limits increase to $766,550 in 2024

Housing Wire

The conforming loan limit increase will help buyers more easily finance one-unit homes at the higher end of the price scale. That condition was met eight years later, in 2016, when the FHFA increased conforming limits for the first time in a decade. These loans would normally end at the jumbo market , which is dominated by banks.

Finance 533
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Mark Willis steps back into CEO role at Keller Williams

Housing Wire

He left the company in 2016. Earlier this month, a Kansas City jury found the National Association of Realtors (NAR), HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation rule in the Sitzer/Burnett buyer broker commission lawsuit.

Brokerage 432