Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% million in August.”

Inventory 450

Inventory Housing Market New Listings Mortgage 450

Housing Wire

JULY 29, 2021

in June, according to the National Association of Realtors , which tracks the metric. (An 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. ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3%

Marketing 433

Marketing Buyers Realtors Real Estate 433

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.” Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MAY 27, 2021

according to Thursday data from the National Association of Realtors. Contract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes,” said Lawrence Yun, NAR’s chief economist. from April 2020. dropping 4.4% from the previous month to an index of 106.2,

Inventory 433

Inventory Realtors Contracts Marketing 433

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%

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Contracts Inventory Housing Market Marketing 409

Housing Wire

AUGUST 23, 2023

. “For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. ” And what is Better.com best at? It incurred an $89.9

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Realtors Technology Insurance Mortgage 370

Housing Wire

OCTOBER 28, 2021

in September, according to the National Association of Realtor’s pending home sales index report released on Thursday. An index level of 100 is equal to the level of contract activity in 2001. Pending contracts are good early indicators of upcoming sales closings.”. After rising 8% in August, pending home sales dropped 2.3%

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Inventory Renovations Contracts Buyers 414

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. While the report was released in February, a new trouble of the housing market has emerged: the rise in mortgage rates.

Housing Market 440

Housing Market Realtors Buyers Inventory 440

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported. We ended 2020 with 5.64 Of the four major U.S.

Inventory 404

Inventory Housing Market Realtors Marketing 404

Housing Wire

JUNE 30, 2021

The strong increase in home sales and transactions in May —following a dip in April — was a surprise, per Lawrence Yun, National Association of Realtors chief economist, who attributed the home sales increase to mortgage rates remaining below 3%, as well as an uptick, nationally, in listings. climb from 2020. year over year. .

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Supply Chain Inventory Buyers Realtors 414

Housing Wire

APRIL 21, 2021

The study showcases both sides of the COVID-19 crisis, with affluent Americans taking advantage of low mortgage rates and the ability to work from anywhere, and buying up high-end houses — particularly in popular vacation destinations. Meanwhile, many lower-income Americans have lost their jobs and lack the means to become homeowners.

Luxury Properties 483

Luxury Properties Real Estate Agent Inventory Real Estate 483

Housing Wire

DECEMBER 21, 2021

Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block. According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

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Loan Officers Retail Business Mortgage 433

Housing Wire

FEBRUARY 21, 2023

million, according to a report from the National Association of Realtors (NAR) released Tuesday. 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. from December to a pace of 4.00 in January.

Inventory 370

Inventory Buyers Housing Market Contracts 370

Housing Wire

APRIL 30, 2021

In 2020, approximately 20% of all Americans moved — and Arizona was the seventh most-popular destination of those movers. The proof is in the home prices, which have shot up in Arizona since the beginning of 2020. Listing prices hit an average of $725,000 in September 2020 — the highest in more than two years. Census report.

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

DECEMBER 20, 2021

In July 2020, he lost his job as an editor at a consulting firm for spa professionals. In September 2020, he landed a job as a service advisor assistant for an auto repair shop. While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage.

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Mortgage Government Contracts Insurance 382

Housing Wire

DECEMBER 21, 2020

Blosser has been leading the association’s data privacy efforts since 2017, and led the association’s role in creating model legislation such as the Remote Online Notarization Act , which was drawn up in collaboration with the Mortgage Bankers Association and the National Association of Realtors. Presented by: WFG.

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Insurance Government Advertising Legal 256

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 Federal Reserve in Washington, D.C.

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Marketing Investors Government Investing 403

Housing Wire

DECEMBER 20, 2022

This falls well below the landmark $1 billion he reached in 2020 and 2021. Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I How has your software helped build relationships in a purchase mortgage-dependent market?

Business 74

Business Retail Realtors Loan Officers 74

Lamacchia Realty

FEBRUARY 14, 2024

From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions. At Lamacchia Realty, our REALTORS® do this every day!

Sellers 65

Sellers Realtors Buyers Inventory 65

PennyMac

APRIL 2, 2020

Though it’s possible to buy a home with cash, most homebuyers do so with the help of a mortgage. There are various types of mortgages available, with different interest rates, down payment amounts, and other terms to consider. Step 3: Get Pre-Approved for Your Mortgage. Step 1: Check Your Credit and Do Your Research.

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Real Estate Agent Inspection Sellers Real Estate 36

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Eppraisal

MARCH 13, 2021

The real estate market is hot right now with pent-up buyer demand from 2020. According to the National Association of Realtors, the inventory of available homes on the market set a record at the end of 2020 as being the lowest since 1999. Explain documents such as contracts and disclosures. * Help you arrange inspections.

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Buyers Brokerage Contracts Home Value 36

Houston Properties

JANUARY 13, 2021

What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. Top Ranked Realtors: Paige Martin & The Houston Properties Team. 2020 was the best year in American history for personal income. So, what did they do?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Eppraisal

APRIL 8, 2021

According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. It's a "super seller's market" right now. Home values are increasing as buyers are competing for homes.

Marketing 36

Marketing Inspection Contracts Buyers 36

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

Housing Market 513

Housing Market Marketing Supply Chain Mortgage 513

Lamacchia Realty

MARCH 17, 2022

Inventory started low in 2020, and then dropped even lower in March 2020 during the stay-at-home mandates. Here are the four important steps to selling your home and getting the home of your dreams: Hire the Right REALTOR®- Interview a few different REALTORS® – and make sure to hire the right one.

Sellers 67

Sellers Realtors Buyers Inventory 67

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. All four areas saw contract transactions increase from a year-over-year standpoint. million in 2020.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Will Springer Realtor

APRIL 14, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Contracts 36

Contracts Buyers Housing Market Design 36

Cornerstone

JULY 1, 2021

This summer, sellers benefit from the fact that mortgage rates still hover around the rock-bottom lows seen during last year’s COVID crisis. Meaning, you have the additional leverage you need to negotiate better terms on your contract when selling your house. As the National Association of REALTORS® (NAR) reports:*.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Hank Miller Team

NOVEMBER 4, 2022

The industry lives on agent fees; realtor local-state-national fees, license, desk, MLS, training, advertising, etc etc and any sales are gravy. That’s insane given the reduced number of transactions completed mid 2020 – mid 2022. In other words, experience in how to manage contracts and deals matters.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers. See chart below.

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Housing Market Bracketing Marketing Sellers 65

Housing Wire

MARCH 7, 2022

million in 2020 to $24.9 said Hoepen, the Compass agent who writes the “Crypto News for Realtors” newsletter. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. That could be a solution. But we’re making stuff up as we go along.

Real Estate 477

Real Estate Law Inspection Agents 477

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Existing-home sales rose 7.0% from a year ago.

Inventory 404

Inventory Buyers Realtors Contracts 404

Housing Wire

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

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Retail Real Estate Agent Business Mortgage 368

Housing Wire

JANUARY 29, 2021

drop in November , according to a report from the National Association of Realtors. However, contract signings rose 21.4% However, contract signings rose 21.4% Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston.

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Contracts Real Estate Housing Market Technology 529

Housing Wire

DECEMBER 19, 2022

Since May of 2020 we have seen growth accelerating faster than the national average and this happened as well from 2003 to 2007, but then our decline was also accelerated. And our buyers that do get under contract are a little bit more skittish and quicker to cancel, so I have seen a high number of back-on-markets.”

Marketing 390

Marketing Inventory Buyers Housing Market 390

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. Homes typically take 30-45 days in contract.

Inventory 354

Inventory Contracts New Listings Buyers 354