Housing Wire

MAY 11, 2021

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Still, second-home mortgage rate locks are holding steady at more than double pre-pandemic levels. from a year earlier.

Mortgage 441

Mortgage Inventory Contracts Buyers 441

Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Generational nuances.

Mortgage 390

Mortgage Loan Officers Technology Real Estate 390

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% How the mortgage industry is working together to make housing more affordable.

Realtors 532

Realtors Inventory Contracts Development 532

Housing Wire

DECEMBER 10, 2020

At the National Association of Realtors Real Estate Forecast Summit on Thursday, NAR’S Chief Economist Lawrence Yun explained that although many are working from home now, he doesn’t expect that change to be permanent. By 2021, that number will decrease to 18%, then continue to decrease in 2022 to 12%. “I million housing starts.

Real Estate 486

Real Estate Realtors Housing Market Contracts 486

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. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . million in August.”

Inventory 447

Inventory Housing Market New Listings Mortgage 447

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. 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. lower than the same time last year.

Contracts 382

Contracts Inventory Housing Market Marketing 382

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. ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3% million in 2022 from 6 million in 2021.

Marketing 433

Marketing Buyers Realtors Real Estate 433

DataMaster

JANUARY 15, 2021

Appraising in 2021. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? With all of this selling going on, appraising in 2021 will stay strong! Is this rate of selling sustainable for 2021?

Appraisal 147

Appraisal Construction Business Real Estate 147

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 422

Housing Market Realtors Buyers Inventory 422

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%

Inventory 414

Inventory Renovations Contracts Buyers 414

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% However, even as existing home sales fell 17.8% to a reading of 310.64.

Inventory 385

Inventory Housing Market Contracts Realtors 385

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. Of the four major U.S. million – 6.2

Inventory 403

Inventory Housing Market Realtors Marketing 403

Housing Wire

FEBRUARY 18, 2022

annually to $350,000, according to the Friday report from the National Association of Realtors. from December and mortgage rates shot up 30 basis points. Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%. January sales fell 2.3%

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Housing Market 302

Housing Market Marketing Loan Officers Buyers 302

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. 20, the National Association of Realtors said that contract signings were up 23% year over year. Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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. Credit repair and management tactics A healthy credit score secures a favorable mortgage rate.

Agents 397

Agents Buyers Sellers Inventory 397

Housing Wire

APRIL 21, 2021

year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Sales of luxury homes rose 41.6%

Luxury Properties 483

Luxury Properties Real Estate Agent Inventory Real Estate 483

Housing Wire

JANUARY 13, 2023

That, in turn, could lead to improved liquidity outlets for loans secured by single-family investment properties — through the private-label securitization (PLS) market and via insurers, pension funds and other institutional investors that hold loans or mortgage-backed securities in portfolio. . And 2022 was off by some 17% from 2021.

Marketing 410

Marketing Investing Investors Landlords 410

Listing Spark

SEPTEMBER 5, 2023

Ten percent of homes sold in 2021 were sold by their owners without a realtor. If you want to sell your home, that journey begins by learning more about how to sell your own home without a realtor, what tasks you’ll be required to manage, and common challenges so you can move forward strategically.

Realtors 36

Realtors Real Estate Agent Real Estate Agents 36

Lamacchia Realty

FEBRUARY 22, 2022

The 2021 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2021 compared to 2020 and illustrates what that means for the current market. You can see that 2021 was much higher than 2020, but also take note of where prices for January 2022 landed.

Inventory 51

Inventory Sellers Buyers Real Estate 51

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. mortgage for 12 months, and the county where he lives paid three months of his mortgage bill as part of an assistance program. in November 2021, down from 14.8%

Mortgage 345

Mortgage Government Contracts Insurance 345

Housing Wire

MARCH 3, 2022

Here are the five biggest takeaways from the 2021 10K report. All expenses should be included in their EBITDA,” said Michael Nourmand, president of Nourmand & Associates Realtors , a brokerage headquartered in Beverly Hills. “I And Opendoor turned a $662 million loss in 2021 to a $58 million gain under Adjusted EBITDA.

Brokerage 352

Brokerage Agents Real Estate Law 352

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs.

Real Estate 306

Real Estate Brokerage Buyers Property Management 306

Empire Appraisal Group

FEBRUARY 29, 2024

Indeed, the National Association of Realtors®’ (NAR) 2023 Profile of Home Buyers and Sellers found that 89% of buyers and sellers in the last year used a real estate agent, up from the previous year. Only 7% of homeowners sold as a FSBO over the last year – which matches the all-time low recorded in 2021, according to NAR data.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

DECEMBER 21, 2020

Headed into 2021, the American Land Title Association announced the promotion of six of its staff members to new leadership positions. “I Hipp has been with ALTA for six years, and handled the management of a change in ALTA’s outside accounting firm, from developing the request for proposals to securing the contract.

Insurance 232

Insurance Government Advertising Legal 232

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. The Feds existing $2.7

Marketing 390

Marketing Investors Government Investing 390

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Top Ranked Realtors: Paige Martin & The Houston Properties Team. In addition, mortgage rates are at an all-time low. The Tale of Two Cities.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Lamacchia Realty

DECEMBER 19, 2023

2023: 4,890 2022: 4,924 2021: 5,992 Pending Home Sales: The number of homes placed under contract is down by 12% when compared to November 2022. 2023: 4,691 2022: 5,333 2021: 7,485 Price Reductions: The number of price reductions is down 4% when compared to November 2022. What does this mean for Buyers ? What’s next?

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? In this market, your move has to be very well planned out with all options and protections fully understood and ready to deploy so that you don’t end up having to pay two mortgages, moving twice, selling without having a home to go to, or not being able to find the home you want.

Sellers 67

Sellers Realty Buyers Realtors 67

Lamacchia Realty

DECEMBER 19, 2023

2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% 2023: 2,697 2022: 2,846 2021: 4,182 Data provided by SmartMLS then compared to the prior year. Make sure you are staying prepared with updated preapprovals and informed regarding your different mortgage options.

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

DECEMBER 19, 2023

2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7% 2023: 1,336 2022: 1,327 2021: 1,861 Data provided by NEREN then compared to the prior year. Make sure you are staying prepared with updated preapprovals and informed regarding your different mortgage options.

Real Estate 56

Real Estate Sellers Buyers Realtors 56

Lamacchia Realty

FEBRUARY 22, 2023

The market is usually slow to start in the beginning of the year given normal seasonality, but this year consumers are also faced with increased mortgage rates and inflation which means overall buying power is diminished. Nationally, the National Association of REALTORS® (NAR) reports that existing home sales are down 36.9%

Real Estate 70

Real Estate Sellers Contracts Buyers 70

Eppraisal

OCTOBER 19, 2021

In fact, according to the National Association of Realtors, "94% of metro areas saw double-digit price growth in the second quarter of 2021." It's their job to protect the mortgage companies' investments. There are many instances nowadays where a house doesn't appraise for the price on the contract.

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Lamacchia Realty

MARCH 28, 2023

Economic factors , chiefly rising inflation, continue to severely impact consumer sentiment and spending, especially as mortgage rates rem ain increased. In February, mortgage rose to the high 6%s, and even went over 7% in early March. Remember, bad for the economy usually translates to good for the housing market and mortgage rates.

Sellers 69

Sellers Inventory Buyers Real Estate 69

Lamacchia Realty

JANUARY 30, 2024

The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy.

Inventory 54

Inventory Sellers Buyers Contracts 54

Lamacchia Realty

DECEMBER 28, 2021

2021 Recap. 2021 is going down in history as a historical year for the housing market across America. But not in 2021. In 2021, it was not uncommon for a property to have more than 20 offers. In fact, our REALTORS had multiple properties that had over 30 offers! So, what does this mean for 2022? .

Sellers 74

Sellers Inventory Buyers Realtors 74

The Robert Weiler Company

SEPTEMBER 7, 2022

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. Figures from the Ohio REALTORS® Housing Market Report reveal that Ohio home sales reached historical levels in May 2022.

Marketing 78

Marketing Real Estate Investing Retail 78