Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. I am keeping an eye on how much growth we can get with mortgage rates over 6%. Since Nov.

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Inventory Housing Market Mortgage Marketing 494

Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Here’s a quick rundown of the last week: The 10-year yield had a Lord of Rings battle at a critical technical level, pushing mortgage rates lower at the end of the week with no real break in the bond market.

Inventory 442

Inventory Housing Market Marketing Mortgage 442

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. You can’t have the best housing demographics ever, with the lowest mortgage rates and the best loan profiles with falling inventory for eight years, and not be concerned about this during 2020-2024.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JUNE 28, 2023

David Dunn of advisory firm Province , the chief restructuring officer for Peer Street, cited in court filings that surging rates, reduced demand for mortgages, and declining institutional buyers’ appetite for below-current-market-rate loans led to the Chapter 11 case. million in its mortgage business.

Investors 407

Investors Real Estate Mortgage Investing 407

Housing Wire

APRIL 4, 2022

Educate your outreach by keying into shopping behavior and you can empower your mortgage marketing in the new year. Though mortgage rates have gone up slightly, they still hover at bargain lows for consumers who are considering homebuying. A new generation of buyers. Market outlook. Using data to inform your marketing.

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Marketing Mortgage Tools Business 361

Birmingham Appraisal

JULY 27, 2022

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.

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Buyers Inventory Sellers Appraisal 88

Housing Wire

JUNE 10, 2021

Flyhomes , the five-year-old real estate startup that lets people make cash offers on homes while they work to secure a mortgage, announced a Series C round of funding on Thursday totaling $150 million. The company claims that this process makes submitting a FlyHomes Cash Offer “effectively free” for the buyer.

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Brokerage Buyers Investors Real Estate 383

Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. years in March 2023, according to recent data.

Housing Market 363

Housing Market Marketing Sellers Inventory 363

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home.

Sellers 327

Sellers Buyers Investors Inspection 327

Housing Wire

JUNE 9, 2022

The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

Investors 378

Investors Government Finance Buyers 378

Housing Wire

JULY 22, 2022

Through subsidiaries including Flyhome Brokerage , Flyhomes Mortgage and Flyhomes Closing , Flyhome claims to provide end-to-end home buying services. Founded in 2016, Flyhomes offers a cash offer program for homebuyers with a majority of its revenue coming from agent commissions. .

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Brokerage Real Estate Housing Market Investors 360

Housing Wire

SEPTEMBER 21, 2021

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. Maxwell will provide the platform service for sellers and attract buyers. mortgage market.

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Investors Sellers Clients Technology 245

Housing Wire

AUGUST 12, 2022

The offering, dubbed FNMA 2022-RPL4, represents the agency’s 27th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time.

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Government Investors Mortgage Finance 379

Housing Wire

MARCH 4, 2022

Simkoff and his team have recently been honored as a HousingWire 2022 TECH100 Mortgage Winner. Headquartered in San Francisco, the company focuses on “creating an instant and enjoyable home closing experience for buyers and sellers.” I’ll be up at night until we’ve done that for every home buyer and seller in the U.S.

Real Estate 365

Real Estate Technology Insurance Buyers 365

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. The 10-year yield didn’t let up this last week, as more robust economic and inflation data kept levels elevated and pushed mortgage rates higher. Weekly inventory change (Feb.

Housing Market 415

Housing Market Marketing Inventory New Listings 415

Housing Wire

APRIL 30, 2023

The other focus should be where mortgage rates go; only a little happened last week. Mortgage rates, once again, didn’t move too much this last week; the bottom level range was 6.50%, while the top was 6.67%; we ended the week at 6.59%. The fear of not having an increase in inventory this spring should be put to rest.

Inventory 516

Inventory Housing Market Marketing New Listings 516

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years.

Real Estate 302

Real Estate Brokerage Buyers Property Management 302

Housing Wire

APRIL 23, 2023

We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago. Mortgage rates started the week off at 6.61% and ended at 6.66%, so a calm week on the rate front.

Inventory 544

Inventory Housing Market Marketing New Listings 544

Housing Wire

SEPTEMBER 30, 2020

The deal for Rand Realty – the top real estate brokerage in the Greater Hudson Valley with over $2 billion in sales volume in 2019 – gives Howard Hanna another top-producing shop in one of the fastest-growing markets in the country, one that’s been driven primarily by buyers leaving New York City.

Realty 406

Realty Brokerage Real Estate Sellers 406

Housing Wire

FEBRUARY 1, 2021

Auctions efficiently ensure the highest and best offer — good for the distressed homeowner, surrounding neighborhood and the mortgage servicer. Those loan modifications attempted to right-size mortgage payments to help keep distressed borrowers in homes. More than 1.7 More than 45% of the 1.7 million represents 98% of the total 6.9

Buyers 361

Buyers Mortgage Marketing Home Value 361

Housing Wire

MAY 20, 2022

This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. But, I do believe it is going to be really competitive, and buyers are going to have to move fast to get a house.”. Where are all these buyers coming from, you ask?

Housing Market 378

Housing Market Marketing Real Estate Agent Real Estate 378

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

Retail 306

Retail Business Agents Loan Officers 306

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

Inventory 487

Inventory Housing Market Marketing New Listings 487

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? So, we can now add a new variable into the equation for 2023: What does a banking crisis mean for mortgage rates?

Housing Market 375

Housing Market Marketing Inventory New Listings 375

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). In 2016 LLR led a $26.5 Tech100 Mortgage Winners.

Real Estate 331

Real Estate Brokerage Real Estate Agent Technology 331

Housing Wire

MARCH 10, 2021

In the last decade, community lenders—those credit unions, community banks, and independent mortgage banks who serve their local markets—have grown to own the market. From 2010 to 2016, for instance, the top five depositories saw mortgage origination fall from 64% to 25% , a loss of ~$500 billion in originations.

Marketing 383

Marketing Technology Lending Business 383

Housing Wire

APRIL 8, 2021

billion is the amount of surplus funds generated by foreclosure sales on the Auction.com platform between 2016 and 2020. Surplus funds are proceeds from a foreclosure sale to a third-party buyer that are above and beyond the total debt owed to the foreclosing lender. Over the past five years, more than $1.2

Retail 417

Retail Market Value Marketing Buyers 417

Housing Wire

MAY 17, 2023

At that margin, ATTOM notes, the cost of renovations, property taxes, mortgage interest and other expenses — which in total consume 20% to 33% of the resale value — could easily cancel out any return on investment for the flipper. How long that can continue is hard to say.”

Finance 355

Finance Marketing Renovations Investors 355

Housing Wire

APRIL 12, 2022

Donny Samson claimed that his brokerage began turning the corner in 2016, around when he took the position of chief operating officer. “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). Here’s where things get interesting. Samson reported $9.6

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

JUNE 8, 2022

2013 : What they said: Because mortgage rates were rising and the Fed was tapering, housing would crash. 2016: What they said : Because manufacturing was in a recession, and stocks pulled back 15%, people were pushing a general recession premise. Looking to the future, higher mortgage rates will create weaker demand.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

OCTOBER 13, 2021

I have been getting buyers from Ohio, California and all over.”. The city’s one-hour commute to Boston has long made it appealing to out-of-state buyers looking to save some money. For local buyers, many of whom are first-time homebuyers, this has resulted in serious competition. year-over-year increase, according to Redfin.

Buyers 395

Buyers Agents Inventory Realty 395

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

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Mortgage Brokerage Retail Business 445

Birmingham Appraisal

JUNE 7, 2023

Their expertise goes beyond helping buyers and sellers determine accurate market value. Mortgage and Financing Strengthening Financial Analysis for Loans Accountants often collaborate with appraisers in mortgage and financing scenarios. Let me be your appraisal resource in 2016

Real Estate 64

Real Estate Appraisal Valuation Legal 64

Zillow

JUNE 15, 2018

From 2016 to the first quarter of 2018, most first-time home buyers in the U.S. started with about 7-percent equity, according to Inside Mortgage Finance. Repeat home buyers started with more equity, at about 17 percent. Take advantage of work bonuses, family gifts and inheritances to pay down your mortgage.

Home Value 62

Home Value Buyers Mortgage Home Improvement 62

Houston Properties

JULY 22, 2022

Since most Houston home buyers will need a mortgage, it is important that a home’s sale price be in line with a lender’s estimate of its value. It’s critical to know what price you will ultimately be willing to accept for your Houston home before beginning a negotiation with a buyer. Ask a lender.

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Home Value Real Estate Agent Real Estate Realtors 36

Lamacchia Realty

JANUARY 11, 2023

The Woburn branch office first opened the doors of its permanent location in Four Corners in May of 2019 , after having a presence in the town in a temporary location since 2016. Lamacchia Realty has been serving buyers and sellers since 2006.  Chief Operating Officer. Get to know all the Lamacchia Realty Woburn Office REALTORS® here!

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Realty Realtors Brokerage Tools 59