Housing Wire

JANUARY 25, 2023

Buyers who qualify in these metro areas can use the assistance to purchase a house anywhere in the U.S., Its total loan volume amounted to $116 billion in 2021. Guaranteed Rate renewed its contract with translation company TransPerfect on Tuesday to provide homebuyers with Spanish-speaking agents and other resources.

Buyers 384

Buyers Contracts Insurance Mortgage 384

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. Even some of the most seasoned real estate agents have had to slow down in their current business model.

Lending 450

Lending Mortgage Inventory Business 450

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. The day started with video depositions of four real estate brokerage executives. In addition, the contract stipulated that agents must join their local Realtor association.

Law 432

Law Agents Realtors Contracts 432

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. That’s where we come in.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Sacramento Appraisal Blog

MAY 5, 2021

“Buyers are crazy!!! How can they be paying these prices?” ” That’s what we tend to hear from people who are NOT trying to buy a house right now. It seems like onlookers really don’t understand what it takes to get an offer accepted these days. But for anyone actually in the game, the truth is […].

Buyers 404

Buyers Contracts Housing Market Appraisal 404

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Judge Stephen R. Bough of U.S.

Real Estate 324

Real Estate Brokerage Buyers Property Management 324

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. in April 2021, to $4.51 Redfin is rare in that it has salaried real estate agents as opposed to independent contractors.

Marketing 370

Marketing Real Estate Real Estate Agent Brokerage 370

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.

Contracts 432

Contracts Investors Investing Market Value 432

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. over asking price. High octane stuff. But the housing market in the second half of 2022?

Housing Market 527

Housing Market Marketing Real Estate Agent Real Estate 527

Housing Wire

APRIL 17, 2023

Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. This popularity has resulted in constrained inventory.

Housing Market 397

Housing Market Marketing Inventory Buyers 397

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

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. And homebuyers with flexibility are keen on more moderately priced regions within the Midwest and South, the report found.

Contracts 421

Contracts Inventory Housing Market Marketing 421

Housing Wire

JANUARY 27, 2023

compared to December 2021. An index of 100 is equal to the level of contract activity in 2001. “We Interested buyers are out there. “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the monthly increase, pending home sales are down 33.8%

Contracts 421

Contracts Realtors Mortgage Buyers 421

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 410

Agents Buyers Sellers Inventory 410

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. million in 2022 from 6 million in 2021.

Marketing 441

Marketing Buyers Realtors Real Estate 441

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. in early 2021, the Texas tech hub has been impacted by tech layoffs, dwindling tech stock values and unsustainable high home prices. according to Redfin’s data.

Housing Market 384

Housing Market Marketing Contracts Buyers 384

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . million in September 2021. million units from 6.18

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). Existing-home sales are expected to end the year 16% down from the same time period in 2021, marking their lowest level since 2014, Yun said. NAHB: Sharp Contraction in Construction.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Lamacchia Realty

FEBRUARY 2, 2023

WHY YOU SHOULD USE A REAL ESTATE ATTORNEY TO SELL YOUR HOME As a home seller you may think you are saving money by not hiring an attorney to guide you through the legal aspects of your sale but in actuality, it could end up costing you more not to! This is so important, yet it is too often overlooked by buyers and sellers.

Real Estate 77

Real Estate Sellers Legal Inspection 77

Housing Wire

APRIL 13, 2021

A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020 through February 2021. “And listing on a Sunday or Monday means buyers may lose interest before the following weekend,” Fairweather said.

Sellers 410

Sellers Buyers Real Estate Agent Real Estate 410

McKissock

SEPTEMBER 5, 2022

In recent years, the real estate industry has noticed some significant trends in the commercial and residential housing markets. For instance, in 2021 small and private investment firms were responsible for nearly 3/4 of retail asset acquisitions , representing a 30% increase from the prior 10-year historical average. .

Retail 73

Retail Real Estate Investors Real Estate Agent 73

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. 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?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

SEPTEMBER 23, 2022

But ultimately, real estate is the business of delivering homeownership — the primary means by which most Americans build generational wealth — to people, and the affordability crisis challenges that, disproportionately affecting low-income homebuyers and people of color. But the truth is that the market is moderating, not imploding.

Real Estate Agent 370

Real Estate Agent Agents Real Estate Realtors 370

Housing Wire

AUGUST 10, 2022

The market index is down 62% compared to the same week in 2021. The refi index fell 82% from the same week in 2021 and the purchase index was down 18.6%, according to the MBA. The average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 5.47%, from the previous week’s 5.73%.

Mortgage 370

Mortgage Real Estate Agent Retail Contracts 370

Housing Wire

DECEMBER 23, 2022

Consumers — and real estate professionals — who have been watching the pandemic-fueled housing market could be feeling distraught by the news about higher mortgage rates, slower sales activity and dampening price pressure. Six percent mortgage rates have also priced some buyers out of the market.

Housing Market 410

Housing Market Marketing Inventory Buyers 410

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. While rates have been on a declining trend after peaking in October, they are still higher than the 3% levels from 2021. Guaranteed Rate originated $34.38

Loan Officers 370

Loan Officers Buyers Contracts Mortgage 370

Housing Wire

AUGUST 31, 2021

annual growth rate logged the month prior, in May 2021. “Some early data suggests that the buyer frenzy experienced this spring is tapering, though many buyers still remain in the market. How can we innovate and leverage technology to make the real estate transaction even better? Presented by: Flueid. “We

Housing Market 441

Housing Market Inventory Buyers Real Estate 441

Housing Wire

JUNE 9, 2022

Interest rates jumped by more than 2 percentage points over the first quarter of 2021. Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That bolt-like spike in rates put many mortgage lenders into crisis mode.

Marketing 384

Marketing Contracts Technology Mortgage 384

Housing Wire

MARCH 26, 2021

Portland, Maine, has emerged as a popular destination for current homeowners and prospective buyers looking to move out of metro areas into more spacious secondary cities. were heading to Portland in January and February of 2021. “It’s a full-on frenzy for buyers to secure a home.”

Housing Market 466

Housing Market Marketing Real Estate Inventory 466

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.

Buyers 88

Buyers Inventory Sellers Appraisal 88

Housing Wire

NOVEMBER 1, 2023

I have four more that I’m in negotiations on representing buyers, and in some cases, buyers who might be interested in multiple transactions, and I think I’ll know the results of those [talks] in the next couple of weeks.” trillion to $1.64 trillion, according to the MBA’s forecast.

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Birmingham Appraisal

JUNE 28, 2022

Has There Been a Shift In The Real Estate Market? From all indications, there has been a definite shift in the real estate market. 5 Real Estate Stats To Keep An Eye On. A decreased pool of potential buyers due to higher interest rates has resulted in less competition. Conclusion.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Finding time for part-time real estate. Create a referral network.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion last year, the Amherst report shows.

Marketing 384

Marketing Investing Mortgage Investors 384

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. year over year, according to the Realtor.com June 2021 Housing Market Trends Report. All of this demand means buyers are going to ever-greater lengths to make their offer stand out. Home inspection.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. An improvement from the 6% mark, yet it’s still significantly higher than early 2021’s 3% level. through the rest of 2022. annual gain compared with a 20.4%

Housing Market 306

Housing Market Marketing Loan Officers Buyers 306

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. ” [00:05:56] 2022 Real Estate Market in Austin, Texas In 2022, transaction numbers were down 19.1%

Real Estate 28

Real Estate Marketing Sellers Home Value 28