Housing Wire

NOVEMBER 11, 2020

The refinance index, however, increased by 1% from the previous week – and is a robust 67% higher than the same week in 2019. “However, inadequate housing supply is putting upward pressure on home prices and is impacting affordability – especially for first-time buyers and lower-income buyers. . from 11.1%

Mortgage 464

Mortgage Contracts Buyers Marketing 464

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services said its notes, to be offered in a private placement to qualified institutional buyers, will be “fully and unconditionally guaranteed on an unsecured senior basis.” million to Black Knight in damages related to a breach of contract claim. For example, Freedom raised $1.3 times, lower than its target of 3.5

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Housing Wire

DECEMBER 2, 2021

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

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Inventory New Listings Contracts Housing Market 502

Housing Wire

MARCH 5, 2024

Rather, their priorities are buyer education and the nurturing and building of more referral relationships to expand their market share, loan originators who spoke to HousingWire said. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. Market their listings; go to their listings.

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Loan Officers Mortgage Buyers Inventory 414

Housing Wire

APRIL 22, 2024

He then asked Tager and Lickstein about their first forays into the AI space, and Tager talked about using it first through SMS text messaging around 2019, years before OpenAI ’s ChatGPT product came into the fold and set off the current run on the tech and debate about its use. “No

Real Estate 432

Real Estate Tools Brokerage Technology 432

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We gain compared with 2019. pending home sales rose 5.9%

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Contracts Realtors New Listings Real Estate 477

Housing Wire

FEBRUARY 16, 2022

11, reflecting what the mortgage market looks like when rates eclipse 4% for the first time since 2019. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.05% from 3.83% the week prior, above the 4% mark for the first time since 2019.

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Retail Mortgage Contracts Government 382

Housing Wire

JULY 3, 2023

While the 30-year fixed-rate mortgages are the bread-and-butter products for PrimeLending (accounting for about 95% of origination volume), down payment assistance programs, renovation loans and temporary rate-buydowns have become popular options for buyers, Lugat noted.

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Loan Officers Marketing Retail Renovations 370

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. Sales and new pending contracts are below pre-pandemic levels. Buyer interest has increased over the past few months, but showing activity is still much lower than it would be in a typical spring market.

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Housing Market Marketing Inventory Buyers 414

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. “Expected home sales growth this year is still likely to be driven by first-time buyers, spurred by millennials reaching peak first-time homebuyer age,” Kan said.

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Mortgage Government Buyers Contracts 471

Housing Wire

NOVEMBER 17, 2023

As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue. I would always answer, ‘Yes, commissions are negotiable, but I can only go up from six.’”

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Training Realtors Agents Real Estate 414

Housing Wire

JUNE 8, 2022

These worsening affordability challenges have been particularly hard on prospective first-time buyers,” Kan added. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019. “The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months.

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Housing Wire

APRIL 6, 2022

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.90% from 4.80%. According to Kan, as higher rates reduce the incentive to refinance, application volume dropped to its lowest level since the spring of 2019. the previous week and 51% a year ago.

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Inventory Mortgage Retail Contracts 414

Housing Wire

JUNE 24, 2021

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. The home is then sold back to the buyer at the same price that it was purchased for.

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Sellers Buyers Investors Inspection 393

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. The second section, shows the experiences of successful home buyers by race.

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Housing Market Realtors Buyers Inventory 442

Housing Wire

DECEMBER 21, 2023

The great news is that the program has undergone significant improvements, particularly after the Blue Water Navy Vietnam Veterans Act was signed into law in 2019. The VA approves and contracts with local appraisal professionals to ensure a seamless process. A lot has changed and it’s time to remove the stigma.

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Mortgage Renovations Appraisal Process Finance 433

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.

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Real Estate Brokerage Buyers Property Management 318

Housing Wire

JANUARY 31, 2023

Because most home sales take several months from contract to closing, the data likely includes some deals struck in July and August.) decline in October 2019,” Lazzara said. Economic weakness, including the possibility of a recession, would also constrain potential buyers. to a reading of 313.07. “All result in March 2012).

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Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. I am a big fan of inventory to 2019 levels.

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Inventory Housing Market New Listings Mortgage 450

Housing Wire

JANUARY 12, 2021

“We’ll make it easier for home buyers in these markets to secure their dream home as soon as they see it, while still selling their old home for top dollar,” he said. Court Cunningham, chief executive officer and co-founder, said he’s excited for Orchard to help consumers in the new markets, where demand has outpaced inventory.

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Contracts Real Estate Inventory Lending 317

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

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Housing Market Marketing Real Estate Agent Real Estate 523

Housing Wire

APRIL 20, 2022

Home buyers have also seen their purchasing power erode, all while home prices keep rising. That’s the highest level since 2019, the MBA noted. . “As The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 5.20% from 5.13%, with points increasing slightly to 0.66

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Mortgage Contracts Buyers 404

Housing Wire

AUGUST 28, 2020

The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. Specifically, I’m talking about listing agreements and sales contracts. The first is listing tools – the products designed for you to convert potential sellers into listing contracts. Listing tools.

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Tools Sellers Real Estate Contracts 334

Housing Wire

DECEMBER 9, 2022

Co-founded in 2019 by Herman and Louis Wilson, the lender and “power buyer” allows homebuyers to make all-cash offers to compete with institutional investors. UpEquity earns a commission from brokering or selling the mortgage buyers take out to buy their homes.

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Real Estate Advertising Real Estate Agent Investors 393

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. Here’s how to handle emotional buyers like the pro that you are. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. Know Their Problems — and Solve Them.

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Real Estate Agent Real Estate Buyers Agents 87

Housing Wire

JULY 14, 2021

For the first time in a year, the number of buyers who locked in mortgage rates to purchase a second home fell in June. July 2020 showings in Summit County, Colorado, for example, were up 92% over 2019. Per a recent Redfin study , second home mortgages saw a year-over-year decrease of 11.1%. million receiving multiple bids last summer.

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Home Value Contracts Lending Mortgage 433

Housing Wire

MARCH 26, 2021

Portland, Maine, has emerged as a popular destination for current homeowners and prospective buyers looking to move out of metro areas into more spacious secondary cities. With demand that high, homes for sale are going under contract 24 to 36 hours after they are put on the market. A recent report from Redfin showed that 14.9%

Housing Market 457

Housing Market Marketing Real Estate Inventory 457

Housing Wire

APRIL 7, 2023

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. We can’t keep turning to 2019-2022 as a benchmark — we were experiencing unprecedented times. When this back and forth was unfolding, mortgage demand rose 2.9%

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Retail Real Estate Clients Modernization 393

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. In 2019, 4% of her business originated from social media, but from 2020 through 2022, it increased to an average of 30%. ban of the short-form video app. million likes.

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Loan Officers Tools Business Clients 423

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% In Wise County , there were only 56 listings.

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Inventory Buyers Agents Real Estate 424

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.”

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Marketing Real Estate Appraisal Sellers 221

Hank Miller Team

APRIL 6, 2022

The key here are sales; fairly consistent and even the dip in Jan 2022 was higher than Jan 2019. The median time a home is on the market before contracting is 6 days. Over list prices were seen in mid-2021 and since Jan 2022 they are rising again, buyers expecting to score deals shouldn't waste time.

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Inventory Contracts Buyers Sellers 94

Housing Wire

JULY 21, 2021

share in June 2019. “Many buyers who have been priced out of the market for single-family homes have turned to condos,” Fairweather said. “Earlier in the pandemic, many buyers shunned small condos in favor of large detached homes with space for offices and homeschooling. . share in June 2020 and the 20.2%

Buyers 424

Buyers New Listings Contracts Marketing 424

Lamacchia Realty

FEBRUARY 2, 2023

Document Review & Preparation Both a Offer to Purchase and a Purchase and Sales agreement are binding contracts that determines what the buyers and sellers are expected to do as well as important dates that occur during the transaction. This is so important, yet it is too often overlooked by buyers and sellers.

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Real Estate Sellers Legal Inspection 77

Housing Wire

MARCH 22, 2024

According to data from Altos Research as of March 15, the 90-day average number of single-family active listings in the Naples-Marco Island metro area was 2,362, up from 1,605 one year earlier but down from the 3,760 listings recorded in late March 2019 prior to the COVID-19 pandemic. In comparison, the average U.S.

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Insurance Inventory Marketing Real Estate 414

Eppraisal

APRIL 8, 2021

Home values are increasing as buyers are competing for homes. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. There is so much pent-up buyer demand that homebuyers are in bidding wars and are offering considerably more than list price for homes.

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Marketing Inspection Contracts Buyers 36

Housing Wire

APRIL 1, 2024

Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. Why the difference?

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Inventory New Listings Contracts Sellers 457