Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market.

Insurance 365

Insurance Inventory Marketing Real Estate 365

Appraisal Buzz

JULY 15, 2022

The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019, according to a new report from Redfin. plus mortgage rates, high home prices and a faltering economy push more buyers to the sidelines, thereby creating a more balanced market. Supply has built up as the combination of 5.5%-plus

Buyers 195

Buyers Appraisal Mortgage Marketing 195

Housing Wire

APRIL 24, 2024

1 brokerage by listing count from 2019 through 2023. Despite its continued lead, the properties listed by the firm on Multiple Listing Services (MLSs) in the county fell from 4,360 in 2019 to 2,390 in 2023, a 45% drop as homebuying slowed significantly in Dallas and nationwide. In the past five years, eXp Realty has done just that.

Brokerage 329

Brokerage Realty Marketing Real Estate 329

Housing Wire

APRIL 10, 2024

The CFPB would not comment on the possible ban on lenders charging buyers for their title policy, but a spokesperson noted in an email that the CFPB “is looking carefully at closing costs and fees consumers may encounter throughout the mortgage process. “We nationwide since 2004 and roughly 5% from 2019 to 2021.

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Buyers Insurance Mortgage Finance 427

Housing Wire

OCTOBER 6, 2023

million settlement with plaintiffs in two bombshell buyer commission lawsuits have been made public, and they stipulate that the brokerage conglomerate make significant changes to its practices. That case named the NAR, Keller Williams, Anywhere, RE/MAX, HomeServices and HomeServices affiliates as defendants, and was originally filed in 2019.

Buyers 424

Buyers Brokerage Agents Sellers 424

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I That just shows you how impactful the cost of insurance is in the real estate market.”

Real Estate Agent 419

Real Estate Agent Insurance Real Estate Agents 419

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. rounded out the top five toughest markets for homebuyers. In August, 58.8%

Buyers 426

Buyers Inventory Real Estate Agent Agents 426

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. In November of 2019 the number of single-family homes for sale was at 6,000. 10, 2023. “The

Housing Market 387

Housing Market Marketing Logistics Real Estate 387

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

Housing Wire

NOVEMBER 25, 2020

Many real estate investors were serendipitously ahead of this shift even before the pandemic started, driven by both affordability and an affinity for overlooked markets. Currently I’m in some of the Southern markets like Alabama, Mississippi, Texas, Indianapolis, Ohio. 75% out-of-state buyers); Calhoun County, Ala. (60%);

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. With just 10% of homes sold in Q4 2022 selling for under $300,000 compared to 41% in Q4 2019, affordability is a growing concern. But if the rates of total housing markets increase by 50% from 2022 to an average rate of 2.3

Housing Market 421

Housing Market Marketing Inventory Construction 421

Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). . from a year ago.

Housing Market 539

Housing Market Marketing New Listings Mortgage 539

Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic. of moves being inbound versus 39.9%

Inventory 291

Inventory Housing Market Marketing Real Estate 291

Housing Wire

APRIL 8, 2021

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. A homebuyer’s guide to a competitive housing market. The housing market is extremely competitive right now.

Buyers 510

Buyers Mortgage Housing Market Government 510

Housing Wire

APRIL 26, 2024

In Texas and Florida , however, key market signals show diverging trends. Major markets such as Tampa, Orlando and Dallas also posted supply growth of 20% to 30% during this period. “My Redfin reported that among the 10 U.S. Cape Coral, Florida, led the way in this category with supply growth of 51%.

Housing Market 344

Housing Market Marketing Insurance Sellers 344

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Competition heats up In 2019, Watson Realty Corp.

Brokerage 382

Brokerage Realty Real Estate Inventory 382

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. However, we are noticeably down from the 2019 levels. Weekly inventory change (Feb.

Housing Market 400

Housing Market Marketing Inventory New Listings 400

Housing Wire

MAY 28, 2021

Numerous other sales records were also set, including the median home sale price ($354,250) and number of days on the market (17, down from 36 one year ago). Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. from a year ago.

Buyers 413

Buyers Real Estate Agent Real Estate Inventory 413

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership.

Finance 326

Finance Buyers Insurance Housing Market 326

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

Housing Market 401

Housing Market Marketing Inventory Buyers 401

Housing Wire

MAY 4, 2023

A paradoxical picture is emerging as the spring market is underway. On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. All major housing market metrics point to a restrained housing market. Buyer disappointment.

Housing Market 388

Housing Market Marketing Inventory Buyers 388

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. Data from NAR also shows a home price correction in nearly one-third of the 221 markets it tracks in the first quarter of 2023. million in February and was at 4.3 million in April.

Housing Market 405

Housing Market Marketing Retail Sellers 405

Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. In 2018-2019, total housing market inventory was in the range between 1.52

Housing Market 493

Housing Market Marketing Inventory Construction 493

Housing Wire

JANUARY 12, 2023

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% compared to December 2019 and 38.2% compared to the December 2017-2019 average. compared to December 2019 and 38.2%

Inventory 519

Inventory Buyers New Listings Sellers 519

Housing Wire

OCTOBER 11, 2021

housing market this year? If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond. First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019.

Housing Market 532

Housing Market Marketing Construction Investors 532

Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. Low inventory is another indication of a still-scorching housing market.

Housing Market 493

Housing Market Marketing Inventory Buyers 493

Housing Wire

APRIL 5, 2021

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Buyers who were fortunate enough to snag an available single-family home – new listings are down 46% from a year ago – paid a premium.

Inventory 493

Inventory Buyers New Listings Mortgage 493

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. The goal is to expand its overall market share to 1% this year from 0.6%.

Loan Officers 335

Loan Officers Marketing Retail Renovations 335

Housing Wire

JUNE 23, 2022

Co-founded in 2019 by Tim 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. In October, ??the

Buyers 330

Buyers Investors Technology Training 330

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

Inventory 460

Inventory Marketing Housing Market New Listings 460

Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. Confidence rose in the Northeast to 53, signaling that builders there are slightly optimistic about market conditions. 2019 level.

Inventory 402

Inventory Home Value Housing Market Buyers 402

Housing Wire

MARCH 17, 2023

Broadly speaking, the market cooled for both investment buyers and owner-occupied buyers. Investment buyers purchased on average 81,000 homes, a 25% decline in activity when compared with the purchase activity observed in Q4 2021.

Investors 391

Investors Landlords Marketing Investing 391

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? A mortgage rate lockdown freezes the housing market.

Housing Market 491

Housing Market Marketing Real Estate Agent Real Estate 491

Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. This is because the biggest buyers of homes are mortgage buyers.

Housing Market 448

Housing Market Marketing Inventory Investors 448

Housing Wire

JULY 29, 2021

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. This was my big fear. Become a member today. Already a member?

Housing Market 532

Housing Market Marketing Buyers Mortgage 532

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019.

Housing Market 527

Housing Market Marketing Inventory Mortgage 527

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

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Marketing Mortgage Sellers Buyers 327