Eyes on Housing

JULY 27, 2021

In the first quarter of 2018, the starting point of the Housing Trends Report (HTR), only 16% of buyers expected easier availability for a home in the months ahead. The share soared to 36% by the final quarter of 2020 (during the COVID-19 pandemic), but then went on to decline to 33% and 28%, respectively, in the first two quarters.

Buyers 168

Buyers Inventory 168

Lamacchia Realty

MARCH 24, 2022

This rapid increase is akin to a rate spike in 1994, however, the last time we saw 4.72% was in November of 2018. What does this mean for buyers? The impact may eventually diminish rising list prices as sellers become aware of buyers’ predicament with current rates. Buyer Resources. Mortgage News Daily. April 8, 2021.

Mortgage 63

Mortgage Sellers Buyers Realty 63

Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The data shows 30% of all properties purchased via online REO auction in Allen County were to out-of-state buyers, ranking 36th highest among 198 U.S. 75% out-of-state buyers); Calhoun County, Ala. (60%);

Real Estate 545

Real Estate Investors Marketing Buyers 545

Eyes on Housing

OCTOBER 29, 2021

In the first quarter of 2018, the starting point of the Housing Trends Report, only 16% of buyers expected easier availability for a home in the months ahead. The share soared to 36% by the final quarter of 2020 (during the COVID-19 pandemic), only to drop throughout 2021, reaching 25% by the third quarter. Read More ›

Buyers 120

Buyers Inventory 120

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Yet tough credit standards are only one of several reasons the demand for home-only loans is not being met.

Business 400

Business Finance Buyers Lending 400

Housing Wire

AUGUST 28, 2020

“Hanging your license with Opendoor Brokerage as an independent contractor means you are eligible for a consistent, steady stream of highly motivated seller & buyer clients,” the job post reads. You will be able to service more buyers and sellers every year by being able to offer products no other brokerage can.”.

Brokerage 528

Brokerage Real Estate Agent Agents Real Estate 528

Housing Wire

OCTOBER 27, 2020

That’s down from an average 3.94% rate in 2019 and 4.54% in 2018. On a loan with 2018’s average rate of 4.54%? With 2018’s rate, your interest would clock in nearly $68,000 higher. Back in 2018, you could only afford about $235,000. As of Sept. 21, the average rate is clocking in at just 2.87%. A decade before that?

Mortgage 440

Mortgage Insurance Buyers Marketing 440

Housing Wire

APRIL 26, 2024

Even though sellers are getting top dollar at the moment, they should price competitively to attract buyers from the start and avoid having to drop their price as stubbornly high mortgage rates eat into buying budgets. from 2018 to 2023. Many local blue-collar workers have been priced out of homeownership, too.”

Housing Market 285

Housing Market Marketing Insurance Sellers 285

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. Conversely, White and Hispanic Americans experienced gains in buyer shares. NAR found the age of repeat buyers increased to 59 years from 56 years last year.

Buyers 342

Buyers Sellers Real Estate Agent Real Estate 342

Housing Wire

JUNE 1, 2022

for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Mortgage applications decreased to its lowest level since December 2018, as the purchase market continues to struggle with supply and affordability challenges.”.

Mortgage 418

Mortgage Contracts Retail Marketing 418

Housing Wire

APRIL 4, 2023

Jot’s proprietary technology matches home buyers and sellers with a qualified notary for their transaction and makes it easy for notaries to accept assignments that fit within their schedule, while providing the tools to successfully manage their business and access to professional development resources.”

Tools 347

Tools Sellers Real Estate Technology 347

Housing Wire

AUGUST 2, 2023

Founded in 2018, key features of Bonzo include a campaign builder to conduct personal and customized outreach at scale; messaging that supports voice, video and text; an ad builder for Google and Facebook ; and a pipeline dashboard to organize the sales process. The company has more than 2,000 clients, according to its website.

Real Estate 370

Real Estate Brokerage Tools Clients 370

Housing Wire

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

Inventory 497

Inventory Housing Market Real Estate Agent Buyers 497

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

FEBRUARY 6, 2023

Prior to the pandemic, buyers paid closer to 0.5 points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On While buyers seem to be returning to the market early in 2023, purchase loans locked in January are still off by 13% compared to the 2018 and 2019 pre-pandemic levels.

Inventory 382

Inventory Mortgage New Listings Home Value 382

Housing Wire

JANUARY 9, 2024

Like the other copycat commission lawsuits, the plaintiff James Tuccori, an Illinois resident who purchased a home listed on the local MLS in 2018 with the help of an @properties agent, is accusing real estate industry players of colluding to artificially inflate real estate agent commissions.

Property Management 355

Property Management Real Estate Agents Brokerage 355

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

Renovations 329

Renovations Buyers Development Insurance 329

Eyes on Housing

JANUARY 25, 2022

Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic). Since then, however, interest for new construction has fallen steadily, as costs for building materials – especially lumber – have experienced double-digit growth.

Construction 191

Construction Buyers 191

Housing Wire

APRIL 20, 2022

In 2018 when mortgage rates rose, we saw existing home sales trend lower from 5.72 Even though total existing-home sales didn’t do much in 2018 and 2019, we see how higher rates impacted the demand curve. We are between what we saw in 2018 — with a mild response to higher rates — and 2014, where the reaction was much more severe.

Housing Market 482

Housing Market Marketing Inventory Mortgage 482

Housing Wire

DECEMBER 3, 2020

from September to October this year, which Homesnap said is significantly higher than the same figure in 2018 and 2019. Guy Wolcott, founder of Homesnap, says buyers need to be realistic about their budgets, stay on top of new listings and be prepared to make quick decisions, especially in a competitive market.

Inventory 546

Inventory Housing Market Marketing New Listings 546

Housing Wire

OCTOBER 14, 2020

Since 2018, the NAR en Español initiative has helped Spanish-speaking Realtors leverage networking and additional sources, the association said. Last summer, NAR en Español hosted over 300 students from 15 countries for two virtual, accredited buyer representative and seller representative specialist courses, which were held in Spanish.

Realtors 445

Realtors Real Estate Sellers Development 445

Housing Wire

SEPTEMBER 28, 2020

Compare today’s housing market with that in 2018, when mortgage rates were heading toward 5% and monthly supply went above 6.5 In December 2018, I wrote: “Despite the terrible optics for the new home sales market, I caution everyone not to assume that we have hit our peak and are heading for an epic crash in housing starts and new home sales.

Inventory 502

Inventory Buyers Mortgage Housing Market 502

Housing Wire

APRIL 22, 2024

There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes. Are you considering selling your property?

Real Estate 329

Real Estate Open Houses Brokerage Real Estate Agent 329

Housing Wire

JANUARY 28, 2021

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. Today, both sellers and buyers expect to handle a majority of the process online. Presented by: 1 Percent Lists.

Landlords 462

Landlords Tenants Law Legal 462

Housing Wire

OCTOBER 18, 2023

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. When you reduce the commission, you reduce the incentive for that agent to bring a buyer to your house.

Agents 412

Agents Training Real Estate Real Estate Agent 412

Housing Wire

JULY 1, 2021

Even Lawrence Yun, NAR’s chief economist, said this came as surprise given the number of would-be buyers getting priced out in numerous markets. The effect of higher mortgage rates, which in late 2018 crested at 5%, also contributed to more stability in housing prices. More recently, however, mortgage applications dipped 6.9%

Mortgage 497

Mortgage Housing Market Realtors Inventory 497

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 2021, Dunn wrote.

Investors 398

Investors Real Estate Mortgage Investing 398

Housing Wire

AUGUST 14, 2023

Department of Justice (DOJ), which refers to a civil action filed in November 2018, does not bring the determination of liabilities, the DOJ said. The settlement has been fully provisioned in prior periods,” UBS said in a statement.

Investors 304

Investors Law Design Mortgage 304

Miller Samuel

AUGUST 22, 2018

CNBC's Diana Olick reports on luxury home sales dropping in NYC due to tax laws and fewer international buyers. It is past the middle of August so it was odd to see that the Wall Street Journal ran a story that covered a new "half-year" report by a brokerage firm on the Manhattan luxury market from January 2018 to June 2018.

Marketing 221

Marketing Law Brokerage Business 221

Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. This is a trend that leads me – and many others – to believe that we are quickly transitioning into a renter economy – much like the United Kingdom where their homeowner has fallen from 71% in 2003 to 63% in 2018. [2]

Sellers 435

Sellers Marketing Market Value Home Value 435

Housing Wire

OCTOBER 30, 2020

“Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states. These minimum price limits serve no legitimate purpose.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

OCTOBER 21, 2021

Endpoint , a platform that provides buyers, sellers and agents with a completely digital way to close on properties, announced Tuesday that it has secured an additional $150 million in funding. Since its founding in 2018, Endpoint has raised $220 million in capital.

Real Estate 342

Real Estate Investing Development Design 342

Housing Wire

OCTOBER 14, 2020

San Francisco-based StreamLoan has forged a partnership with insurance giant Progressive enabling home buyers and homeowners who use StreamLoan’s digital mortgage platform to obtain quotes for homeowners’ insurance. million in funding, including a $2 million seed round announced in February 2018.

Insurance 329

Insurance Technology Lending Real Estate Agent 329

Inman

SEPTEMBER 27, 2023

Between 2018 and 2020, Fannie and Freddie purchased close to 600 shared equity loans, before realizing that current regulations might prohibit them from doing so.

Tools 154

Tools Buyers Mortgage 154

Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. New home sales, which are more likely to be affected by rising rates, plummeted 18.2% month-over-month.

Mortgage 539

Mortgage Construction Realtors Inventory 539

Housing Wire

FEBRUARY 7, 2024

This was likely a reflection of the prolonged decline in vacant homes for sale, which made it difficult for would-be buyers to find a home to purchase. Mortgage rates followed suit, walloping buyers’ purchasing power. since the fourth quarter of 2018. percentage points, the fastest pace of hikes in four decades.

Inventory 388

Inventory Sellers Mortgage Marketing 388