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. . “The million in September 2021. Tables have turned for some sellers. million units from 6.18

Mortgage 392

Mortgage Sellers Contracts Buyers 392

DataMaster

JANUARY 15, 2021

It’s a seller’s market! 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!

Appraisal 147

Appraisal Construction Business Real Estate 147

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? This means NOW is a great time to list to take advantage of motivated buyers before other sellers start to saturate the market. Take Action to Sell and Action to Buy- Many times “Want-to-Be” sellers and buyers don’t take one step without the other and all that does is hold you back.

Sellers 68

Sellers Realty Buyers Realtors 68

Housing Wire

MARCH 27, 2023

in early 2021, the Texas tech hub has been impacted by tech layoffs, dwindling tech stock values and unsustainable high home prices. In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. Sellers are locked in because they can’t justify giving up a 2.9%

Housing Market 333

Housing Market Marketing Contracts Buyers 333

Housing Wire

OCTOBER 18, 2021

But on Monday the home listings giant called a timeout on purchasing homes through the end of 2021. Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. However, Zillow’s home purchasing is at “operational capacity.”.

Renovations 382

Renovations Real Estate Construction Contracts 382

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said. year over year, the largest annual decline since June 2021. year over year, the largest annual decline since June 2021.

Buyers 394

Buyers Mortgage New Listings Real Estate Agent 394

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 342

Mortgage Marketing Retail Construction 342

Lamacchia Realty

DECEMBER 21, 2021

Homes still do sell over the holidays so motivated sellers can still take advantage of the serious pool of buyers who are out there looking. percent year over year with November 2021 at 8,300 over 8,620 last November. Just like sales, 2021 prices are up higher when compared to 2019 as well by 24.2% Sales are down 3.7

Sellers 69

Sellers Buyers Landlords Tenants 69

Lamacchia Realty

SEPTEMBER 24, 2021

Sellers have had the upper hand for a long time but need to be prepared for more inventory, meaning buyers won’t have to compete as much. Prices increased, as they’ll continue to do for the foreseeable future due to buyers outbidding one another or paying what sellers ask. 2021 – 8,914 2020 – 9,739 2021 – 8,406.

Sellers 68

Sellers Buyers Inventory Realty 68

Lamacchia Realty

JULY 23, 2021

In this Mid-Year Report, we’re looking at Watertown, Massachusetts home sales in the first half of 2021 compared to the first half of 2020 and how the market performed in that area. As of June 30, 2021, home sales in Watertown increased by 21.8% moving from $752,473 to $766,040 in 2021 so far. 2021 Outlook.

Realty 68

Realty Contracts Real Estate Sellers 68

Lamacchia Realty

JULY 23, 2021

In this Mid-Year Report, we’re looking at Worcester, Massachusetts home sales in the first half of 2021 compared to the first half of 2020 and how the market performed in that area. increase in the number of listings brought the first half of 2021 to 1,292 compared to 1,030 last year this time. 2021 Outlook. to $319,958.

Realty 69

Realty Contracts Sellers Buyers 69

Housing Wire

OCTOBER 19, 2022

With the mortgage origination market forecast to downsize by 40% this year from 2021 and mortgage rates topping 7% in October, lenders big and small have laid off its employees across multiple rounds of layoffs. In 2021, non-depository institutions accounted for 64% of first-lien, owner-occupied, site-built home-purchase loans.

Mortgage 362

Mortgage Contracts Design Government 362

Housing Wire

SEPTEMBER 28, 2021

annual gain for the year ending in July 2021, up from 18.7% from July 2020 to July 2021, which is up from the 18.5% increase recorded in June 2021. The index showed a 19.7% a month prior. This is the highest annual rate of price growth since the index began in 1987 and the fourteenth consecutive month of accelerating prices.

Housing Market 481

Housing Market Finance Contracts Inventory 481

Lamacchia Realty

JULY 23, 2021

In this 2021 Mid-Year Housing Report, we’re looking at home sales in Chelmsford in the first half of 2021 compared to the first half of 2020 and how the market performed in that area. As of June 30, 2021, Chelmsford sales increased from 201 in the first half of 2020 to 278 in the first half of 2021, a 38.3% 2021 Outlook.

Real Estate 68

Real Estate Realty Contracts Sellers 68

Lamacchia Realty

NOVEMBER 19, 2021

Sellers , as we head into the holiday season , even though the market may appear to be slowing, there are still serious buyers looking for homes, so you shouldn’t be taking your home off the market at the risk of missing out on those opportunities to sell before the end of the year. 2021 – 8,178 2020 – 10,249 2019 – 9,331.

Inventory 65

Inventory Sellers Buyers Landlords 65

Housing Wire

NOVEMBER 13, 2020

Choosing a real estate agent who already has 10 buyers and five sellers probably doesn’t bode well for your home search. Is 2021 a good time to buy a house? Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like. More for Real Estate Enthusiasts.

Real Estate Agent 545

Real Estate Agent Real Estate Agents Contracts 545

Lamacchia Realty

JULY 23, 2021

In this 2021 Mid-Year Housing Report, we’re looking at home sales in Hudson in the first half of 2021 compared to the first half of 2020 and how the market performed in that area. As of June 30, 2021, home sales in Hudson increased by 36.5% moving from $363,844 to $436,365 in 2021 so far. 2021 Outlook.

Real Estate 64

Real Estate Realty Contracts Sellers 64

Lamacchia Realty

JULY 6, 2021

EASY FIXES SELLERS CAN MAKE. Selling a home can take some time and while most home sellers are focused on making updates that will give them the most return, it is imperative that the small fixes aren’t overlooked. If the seller hasn’t tackled a small project, such as replacing the cover pates, what other big issues can’t be seen?

Sellers 69

Sellers Open Houses Buyers Realty 69

Lamacchia Realty

OCTOBER 26, 2021

Sellers for the first time in a while may not get to name their price in this fall market, as competition for homes is decreasing. Sales are down 5 percent year over year with September 2021 at 9,150 over 9,631 last September. 2021 – 10,451 2020 – 11,210 2019 – 10,950. 2021 – 8,974 2020 – 9,813 2019 – 8,522.

Inventory 69

Inventory Buyers Sellers Landlords 69

Housing Wire

APRIL 17, 2023

Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. The 90-day average median list price as of mid-February comes in at $699,187, down a little over $100,000 from the record high set in mid-March 2021. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

Housing Market 347

Housing Market Marketing Inventory Buyers 347

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.

Contracts 398

Contracts Landlords Inventory New Listings 398

Listing Spark

JUNE 21, 2022

The good news for sellers is that the Texas median list price is up over 18% YOY. So, don’t panic if your home doesn’t have a contract in the first week or two of being on the market. . This is the first increase since June 2021. It’s ok if it takes a little longer to get a contract, that is normal in a more balanced market.

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

JANUARY 20, 2023

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. from December 2021 ($358,800), as prices rose in all regions. from November but up 10.2% months in Nov.

Inventory 537

Inventory Housing Market New Listings Marketing 537

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 they sell faster, too. Presented by: Propertybase. ” Redfin also looked at specific markets when studying midweek sales.

Sellers 407

Sellers Buyers Real Estate Agent Real Estate 407

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 355

Marketing Contracts Technology Mortgage 355

Housing Wire

NOVEMBER 1, 2023

I don’t think anybody’s going to borrow to buy, … so, that limits the pool of buyers. “… There are some folks who were very successful in 2020 and 2021, generated huge portfolios and have retained earnings, probably, in large part, from servicing, and they didn’t buy corporate jets or things of that sort,” Stevens added.

Mortgage 435

Mortgage Loan Officers Finance Buyers 435

Housing Wire

JANUARY 2, 2023

These declines, of course, came after very strong price increases in late 2021 and the first half of 2022,” Craig Lazzara, the managing director of S&P DJI , said in a statement. Because most home sales take several months from contract to closing, the data likely includes some deals struck in June and July.).

Home Value 369

Home Value Housing Market Contracts Sellers 369

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 52

Inventory Sellers Buyers Real Estate 52

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 342

Buyers Sellers Finance Contracts 342

Housing Wire

FEBRUARY 18, 2022

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%. Homes went under contract in just 19 days on average, down from 21 a year ago. Indeed, January saw the strongest pace of existing-home sales in a year, even though home prices increased 1.8%

Supply Chain 407

Supply Chain Inventory Buyers Contracts 407

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

Inventory 442

Inventory Housing Market New Listings Mortgage 442

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. of homes are valued lower than the contract price.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

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. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount.

Agents 387

Agents Buyers Sellers Inventory 387

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

Sellers 58

Sellers Buyers New Listings Inventory 58

Housing Wire

FEBRUARY 15, 2024

On FHA endorsements for home purchase financing, approximately 40% included down payment assistance in both 2022 and 2023, while the share was roughly 30% in 2021. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Cleveland Appraisal Blog

MAY 18, 2023

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. In April, we are at the same level of total active listings that we have seen in 2021 & 2022. Both fears are understandable. I know, it’s getting old.

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333

Lamacchia Realty

JANUARY 28, 2022

The amount of home sales in 2021 was down by 43 sales, 0.3% There were 14,946 sales in 2021 compared to 14,989 in 2020. Broken down, single-family sales are the only category that decreased in 2021, down by 4%. Broken down, single-family sales are the only category that decreased in 2021, down by 4%. Sales Down 0.3%

Buyers 45

Buyers Contracts Inventory Real Estate 45