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Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? This Q&A was originally hosted on June 1st. Have more questions for Logan?

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Winners and losers of this volatile housing market

Housing Wire

Through numerous interviews with industry players, HousingWire assessed the rapidly changing housing market to determine who remains vulnerable to the higher-rate environment, and who’s primed to capitalize in the months ahead. The post Winners and losers of this volatile housing market appeared first on HousingWire.

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Off-the-grid deals: Distressed property trends and market insights

Housing Wire

In a supply-constrained housing market , even landing a deal at foreclosure auction has become challenging, but those deals tend to be more readily available in markets or neighborhoods that are off the beaten path. It’s very, very market dependent right now. and up from 56.8% in the previous quarter and 54.0% in Q1 2023.

Marketing 419
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Keller Williams launches KW New Homes Community

Housing Wire

Keller Williams is launching the KW New Homes community and partnering with Legacy International to offer new home sales training to address the increasing opportunity in the market. Department of Housing and Urban Development and the U.S. The BDRC training is slated to launch in Q4 ’21. Census Bureau.

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Home prices accelerating in areas without mass transit

Housing Wire

to a record $418,100 since January 2020, while it has risen 15.6% “Since the start of the pandemic, there has been a huge influx of people moving out here from the Bay Area, and the reason is simple — the houses are bigger and the prices are lower,” Mojourau said. to a record $540,500 in transit-accessible neighborhoods.

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Rocket offers voluntary buyouts to 8% of workforce

Housing Wire

At the same time, our career growth options in certain areas of Rocket Mortgage and Amrock are limited right now, while the housing market normalizes after two years of unprecedented volume.”. Rocket, which is easily the largest mortgage lender in America, reported $6 billion in profits in 2021. That was a 35.4%

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How did brokerage giants RE/MAX and Keller Williams fare in the second quarter?

Housing Wire

The brokerage said this revenue decline was due to temporary COVID-19-related financial-support initiatives it introduced in April, which reduced continuing franchise fees and marketing funds fees, as well as reducing broker fees stemming from lower existing home sales. “The U.S. Agents also closed $85.3

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