Housing Wire

MARCH 26, 2024

Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. In February 2020 , KW introduced a more restrictive policy to its profit-sharing program. But that policy did not impact agents who joined before April 1, 2020. District Court for the Western District of Texas in San Antonio.

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Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in December, up from 71.6 in November. million units.

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Contracts Housing Market Construction Inventory 453

Housing Wire

APRIL 9, 2024

Their complaint challenges adjustments made to Keller Williams’ profit-sharing program and includes charges of breach of contract, declaratory judgment and unjust enrichment. In February 2020 , KW introduced a more restrictive policy to its profit-sharing program. But that policy did not impact agents who joined before April 1, 2020.

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Housing Wire

JUNE 14, 2024

The first occurred in May 2020, when the lockdowns imposed during the COVID-19 pandemic brought in-person showings and sales to a halt. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% year over year. Of the 10 U.S. Last month, 61.9% in May 2022.

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Sellers Buyers Brokerage Contracts 395

Housing Wire

APRIL 1, 2024

Allegations against KW include breach of contract, declaratory judgment and unjust enrichment. In February 2020 , KW introduced a more restrictive policy to its profit-sharing program. But that policy did not impact agents who joined before April 1, 2020. An incentive to go back to Keller Williams remained.

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Legal Brokerage Agents Real Estate 418

Housing Wire

APRIL 30, 2021

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on. from 2010, per a recent U.S. Census report.

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Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. Midwest metros like Minneapolis, St.

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Housing Market Marketing Inventory Buyers 383

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? 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 Wire

JULY 29, 2021

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. The “seesaw” nature of pending home sales could indicate a turning point for the housing market, according to Lawrence Yun, NAR chief economist. on the index in June, an 8.7%

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Marketing Buyers Realtors Real Estate 437

Housing Wire

APRIL 4, 2024

Alper’s complaint challenges adjustments made to Keller Williams’ profit-sharing program and includes charges of breach of contract, declaratory judgment and unjust enrichment. In February 2020 , KW introduced a more restrictive policy to its profit-sharing program. But that policy did not impact agents who joined before April 1, 2020.

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Brokerage Legal Agents Contracts 343

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. A healthy housing market is considered roughly six months of supply.

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Inventory Contracts Housing Market Buyers 497

Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. After last year’s record $3.83

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Marketing Housing Market Inventory Mortgage 462

Housing Wire

JULY 7, 2021

This marks the third straight week of application declines, and represents the lowest level since the January 2020. ” Kan said the 30-year fixed rate was 11 basis points lower than the same week a year ago, and refinance applications have trended lower than 2020 levels for the past four months. . the previous week.

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Mortgage Contracts Marketing 454

Appraisal Buzz

AUGUST 30, 2021

compared with July 2020, according to the National Association of Realtors (NAR). Contract signings increased 1.9% Year-over-year, contract signings fell in all. Year-over-year, contract signings fell in all. Percent in July as the Market Cools appeared first on Appraisal Buzz. Pending home sales decreased 1.8%

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Contracts Marketing Realtors Appraisal 195

Housing Wire

MARCH 18, 2024

In March 2020, the companies entered arbitration. More than three years later, in November 2023, an arbitrator issued an interim award granting, in part, Black Knight ‘s breach of contract claim while denying the allegations of trade secrets misappropriation and injunctive and declaratory relief. million in 2022.

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Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. Its foray into iBuying has hurt its bottom line, and its business model is vulnerable to sudden shifts in the market.

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Marketing Real Estate Real Estate Agent Brokerage 370

Housing Wire

OCTOBER 12, 2022

has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank , according to filings with the Securities and Exchange Commission. The financing arrangement was also dated June 3, 2020. Home Point Financial Corp. million, SEC filings revealed. .

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Lending Contracts Finance Mortgage 374

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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Inventory Renovations Contracts Buyers 417

Housing Wire

MARCH 26, 2021

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. A balanced market, Davin said, requires five to six months.

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Housing Market Marketing Real Estate Inventory 461

Housing Wire

JULY 14, 2021

drop in applications to the lowest level since January 2020. ” The sheer amount of bidding wars decreased from May to June, per a study released this week from Redfin, as more homes for sale have slowly hit the market in the past month. The prior week ‘s report showed a 1.8% from 61.6% the previous week.

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Mortgage Contracts Inventory Investors 512

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. Some of them are gone forever, and some of them are basically going to have to rebuild capability,” he said.

Mortgage 359

Mortgage Marketing Investors Lending 359

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

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Housing Market Buyers Marketing Real Estate Agent 533

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

SEPTEMBER 7, 2021

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021. ended in April 2020. The two-month COVID-19-caused recession represented both the sharpest and the shortest economic contraction in U.S.

Contracts 544

Contracts Housing Market Marketing 544

Housing Wire

FEBRUARY 5, 2024

In 2020, it originated $8.5 However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. The plaintiff claims that as the market began to cool, Guild began terminating some employees. billion in mortgage loans.

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Retail Contracts Loan Officers Mortgage 390

Housing Wire

MARCH 6, 2024

The California-based lender and servicer promoted Jim Follette to chief digital officer, a new role to pursue opportunities in digital innovations, commercial markets and solutions for homeowners. million in damages related to a breach of contract claim in a four-year dispute between the companies.

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Technology Retail Contracts Tools 393

Housing Wire

JUNE 30, 2021

Purchase applications for conventional loans also declined to its lowest level since May 2020. On an unadjusted basis, the market composite index decreased 7% compared with the previous week. For those homeowners who have not yet refinanced – and there remain many borrowers who could benefit from doing so – now is the time.”.

Mortgage 417

Mortgage Contracts Investors Housing Market 417

Housing Wire

MAY 3, 2022

The capital will be used to accelerate Point’s growth in the $25 trillion home-equity market, according to the company’s co-founder and CEO Eddie Lim. Point’s HEI contracts — which have 10- or 30-year maturities, the latter the standard since early 2020 — address many variables in a complicated, nuanced housing market.

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Contracts Investors Investing Market Value 416

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

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Contracts Realtors New Listings Real Estate 481

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.

Mortgage 501

Mortgage Contracts Government Buyers 501

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 387

Housing Wire

MARCH 17, 2021

“Purchase market activity was up 5% from a year ago, as the recovering job market and demographic factors drive demand, despite ongoing supply and affordability constraints,” Kan said. After reaching a recent high in the last week of January, the refinance index has since fallen 26% to its lowest level since September 2020.”

Mortgage 406

Mortgage Contracts Construction Marketing 406

Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. But it’s clear that the dramatic shift in the market is about more than just seasonal fluctuations. The big question is: how long will the market contraction last and when should we expect things to heat back up? in September to 6.5%

Real Estate 319

Real Estate Marketing Inventory Sellers 319

Housing Wire

JANUARY 5, 2022

Mortgage rates continued to creep higher over the past two weeks, as markets maintained an optimistic view of the economy,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. The purchase market also weakened in the last week of the year, falling to its lowest level since October 2021.

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Mortgage Contracts Marketing 401

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

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Contracts Landlords Inventory New Listings 398

Housing Wire

NOVEMBER 11, 2020

The trend in larger average loan application sizes and growth in loan amounts points to the continued rise in home prices, as well as the strength in the upper end of the market.”. 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.

Mortgage 469

Mortgage Contracts Buyers Marketing 469

Housing Wire

MAY 25, 2022

The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. . Higher mortgage rates also impacted purchase market conditions, according to the MBA. from 10.5%

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Mortgage Contracts Retail Inventory 420