Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. Tightened supply was largely responsible for a 10.6%

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Inventory Contracts Housing Market Buyers 497

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

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Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. That’s coupled with a rise in mortgage rates , too.

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Housing Wire

NOVEMBER 11, 2020

“However, inadequate housing supply is putting upward pressure on home prices and is impacting affordability – especially for first-time buyers and lower-income buyers. The purchase market continued its recent slump, with the index decreasing for the sixth time in seven weeks to its lowest level since May 2020. from 11.1%

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Housing Wire

JANUARY 13, 2021

Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said.

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Housing Wire

JULY 14, 2021

drop in applications to the lowest level since January 2020. Overall inventory is still low, of course, but a cooling of the market could lead to more would-be buyers and an increase in mortgage applications soon, experts said. The prior week ‘s report showed a 1.8% from 61.6% the previous week.

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Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. They have gone through all of this and it will end up being punitive to buyers.

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Housing Wire

JUNE 9, 2021

Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars. The average loan size on a purchase application edged down to $407,000, below the record $418,000 set in February — but still far above 2020’s average of $353,900.”

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Mortgage Contracts Government Buyers 443

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 505

Housing Wire

MAY 25, 2022

from a week earlier, “close to lows last seen in the spring of 2020 when a significant portion of activity was put on hold due to the onset of the pandemic,” said Kan. Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The seasonally adjusted purchase index rose 0.2% from 10.5%

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Housing Wire

OCTOBER 23, 2023

KANSAS CITY, Missouri — The second week of the Sitzer/Burnett class-action buyer broker commission antitrust lawsuit kicked off with a bang. She also said that HomeService’s guidelines state that listing brokers need to compensate buyer brokers only when the property is in the MLS. Goldberg testified that while there are roughly 2.5

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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 million annualized pace in the second half of 2020.

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Contracts Realtors New Listings Real Estate 481

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement.

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Contracts Inventory Housing Market Marketing 388

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

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Housing Wire

JULY 28, 2021

The purchase index decreased for the second week in a row to its lowest level since May 2020. “Potential buyers continue to be put off by extremely high home prices and increased competition.” It’s now fallen on an annual basis for the past three months. from 64.9% the previous week.

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Mortgage Contracts Finance Investors 383

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Now, believe it or not, fall home-buying season is in full swing.

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Real Estate Agent Real Estate Agents Realtors 546

Hank Miller Team

JANUARY 23, 2023

That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023.understand Home buyers had a rough couple of years. Overnight and over the months, buyers fell out, unable to qualify as rates rose.

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Housing Wire

OCTOBER 27, 2021

The increase in rates triggered the fifth straight decrease in refinance activity to the slowest weekly pace since January 2020. Both new and existing-home sales last month were at their strongest sales pace since early 2021, but first-time home buyers are accounting for a declining share of activity.”.

Mortgage 430

Mortgage Contracts Buyers Marketing 430

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% in October.

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Inventory Contracts Training Investors 529

Housing Wire

AUGUST 11, 2021

It was the highest month-to-month growth since August of 2020. With low for-sale inventory keeping home-price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices,” Kan said. Last Friday, the U.S.

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Mortgage Contracts Inventory Housing Market 395

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. compared to a year ago.

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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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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 475

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. from June 2020. from June 2020.

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Marketing Buyers Realtors Real Estate 437

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? Well that was until about Mid-March of 2020 when all hell broke loose.

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Buyers Supply Chain Inventory Real Estate 98

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million in August.”

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Inventory Housing Market New Listings Mortgage 452

Housing Wire

JUNE 8, 2022

These worsening affordability challenges have been particularly hard on prospective first-time buyers,” Kan added. Compared to May 2020, the inventory of active listings was still down 48.5%, meaning there are still only half as many homes available, according to Realtor.com ‘s monthly report. year over year. .

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Mortgage Inventory Contracts Retail 395

Housing Wire

FEBRUARY 21, 2023

This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. from December to a pace of 4.00 in January.

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Inventory Buyers Housing Market Contracts 362

Housing Wire

FEBRUARY 16, 2023

Black Knight previously collaborated with Wolters Kluwer to adopt its mortgage document generation technology into Black Knight’s Empower in 2020. Black Knight has been soliciting interest from potential buyers of Empower in a deal that would be valued at about $400 million, Reuters reported this month.

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Housing Wire

AUGUST 17, 2022

Home purchase applications continued to be held down by rapidly drying up demand, as high mortgage rates, challenging affordability, and a gloomier outlook of the economy kept buyers on the sidelines,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. from the previous week and decreased 18.4%

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Mortgage Retail Contracts Buyers 379

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. While the homeownership rate in the U.S.

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Housing Market Realtors Buyers Inventory 429

Housing Wire

SEPTEMBER 11, 2023

MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories. How has the foreclosure-related regulatory landscape changed since 2020 and 2021? HW: What does the current market and demand for REO assets look like?

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Inventory Technology Design Tools 394

Housing Wire

JULY 26, 2021

They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Home buyers like my mother and father outside the U.S. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. An additional $6,400.

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Real Estate Agent Real Estate Sellers Legal 383

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. ” Between February 2020 and February 2021, demand for vacation homes rose a staggering 84% — more than double the demand for a primary home. Industry Update: the Future of eClosing and RON. .

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Home Value Contracts Lending Mortgage 437

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1% All four U.S.

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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 345

Housing Wire

FEBRUARY 2, 2022

According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, mortgage rates continued to climb, with the 30-year fixed rate rising for the sixth consecutive week to its highest level since March 2020. For jumbo mortgage loans (greater than $647,200), rates climbed to 3.59% from 3.56% the week prior.

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Mortgage Contracts Inventory Investors 406