Housing Wire

DECEMBER 25, 2020

Real estate agents across the U.S. Fannie Mae Chief Economist Doug Duncan said he expects existing home sales to ultimately “be up a percent or more in 2021. Fannie Mae Chief Economist Doug Duncan said he expects existing home sales to ultimately “be up a percent or more in 2021. Join today with an HW+ Membership

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Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Inventory is still showing negative year-over-year data.

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Housing Market Marketing Mortgage Inventory 492

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

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Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I Usually, Merchant said the Sacramento housing market slows down after Labor Day, but doesn’t see that slowdown this year.

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Housing Wire

MAY 20, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. in 2021 to $330,745. “It

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Housing Wire

OCTOBER 27, 2020

This year’s housing market has been plagued with low inventory, rising home prices, and endless bidding wars, making it hard for some would-be homeowners to get their foot in the door. Will 2021 be any different? The industry’s major players all expect mortgage rates to stay in the low 3% range come 2021.

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Housing Wire

FEBRUARY 8, 2021

In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? Presented by: PropStream.

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Housing Market Marketing Government Real Estate Agent 544

Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year. year-over-year. Presented by: Radian.

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Housing Market Marketing Realtors Inventory 424

Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. San Diego, California.

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Housing Wire

JUNE 2, 2022

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.

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Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

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Housing Market Marketing Appraisal Inventory 369

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

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Housing Wire

FEBRUARY 28, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Provo, Utah.

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Housing Market Marketing Buyers Agents 351

Housing Wire

NOVEMBER 16, 2020

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong.

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Housing Wire

JANUARY 13, 2023

While a lack of inventory still remains an issue, Cohen expects first time buyers to come back to the market now that they’ve become more realistic with mortgage rates and rents soaring. “I Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said. After originating $1.66

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Buyers Housing Market Marketing Real Estate Agent 373

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. Rising rates will likely scare buyers away from the market, as it makes monthly mortgage payments less affordable, loan officers interviewed by HousingWire said.

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Housing Wire

OCTOBER 1, 2021

But for the past 12 months, the metro’s housing market has been in complete chaos. “It It is hot, hot, hot here,” Clay Winder, a real estate agent for Keller Williams Westfield , said. On average, in August 2021, homes in the area sold for about 2.5% The median home price in Provo was up 24.4%

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Housing Wire

APRIL 7, 2021

Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, increased in March by 5.2 Real estate agents and LOs: the great collaboration. points to 81.7.

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Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. I haven’t had anybody so far downsize.”.

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Housing Market Marketing Realty Realtors 428

Housing Wire

JULY 13, 2021

Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.” in May and a peak of 74.1%

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Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

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Brokerage Realty Real Estate Inventory 381

Housing Wire

MARCH 9, 2022

the M&A-hungry parent of cloud-based real estate brokerage Fathom Realty , achieved supercharged growth in 2021. million GAAP net loss for 2021, despite having increased revenue 87% to $330.2 No matter what the market holds, we believe our model is positioned to win.”. Fathom Holdings Inc. , million. “A

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Inventory Brokerage Realty Real Estate 313

Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. Builder confidence in single-family homes dropped to 83 in January from 86 in December, according to the National Association of Home Builders and Wells Fargo Housing Market Index.

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Supply Chain Inventory Housing Market Real Estate 416

Housing Wire

SEPTEMBER 17, 2021

of offers written by Redfin agents faced a bidding war, down from the peak in April of 74.3%, and below the August 2020 bidding war rate of 59.4%. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. of offers written by Redfin agents facing competition in August.

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Buyers Inventory Real Estate Agent Agents 425

Housing Wire

MAY 28, 2021

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. Numerous other sales records were also set, including the median home sale price ($354,250) and number of days on the market (17, down from 36 one year ago).

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Buyers Real Estate Agent Real Estate Inventory 413

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. There is a lot of demand out there, with very little inventory. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. It may be due to inventory levels continuing to drop.

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Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

MAY 20, 2021

As the market continues to churn through distressed inventory, Black Knight expects overall delinquencies to “normalize” at pre-pandemic levels by the end of 2021. How real estate agents can alleviate consumer pain points in a tight market. However, that is if the current pace can hold.

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Mortgage Real Estate Agent Inventory Real Estate 481

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. Nature imitating housing. It’s beautiful.

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Housing Wire

SEPTEMBER 8, 2021

The not-for-profit company released an array of data about the Washington market on Tuesday. As journalists who cover what is new, we’d love to tell you that, according to the numbers, the vise grip of low inventory and high demand is weakening. Take inventory. But inventory in the Pacific Northwest is still falling.

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Inventory Real Estate Agent Real Estate Agents 445

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event. recently, the cost of borrowing is still significantly higher than it was in 2021 or early 2022.

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Housing Wire

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. s quarter one earnings just as the stock markets opened early Thursday morning. Realogy posted $902 million in 2021 operating income, and $343 million in net income. Ryan Schneider, CEO of Realogy.

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Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. million in 2021, up from 50.5 The age of a first-time homebuyer increased to an all-time high of 36 years as compared to 33 years in 2021. million in 2010.

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Buyers Sellers Real Estate Agent Real Estate 338

Housing Wire

NOVEMBER 16, 2023

Despite multiple class-action antitrust commission lawsuits , increased uncertainty over mortgage rates and low housing inventory , Compass CEO and founder Robert Reffkin says “there has never been a better time to be in real estate than right now.” Good times, like 2021, create bad habits.

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Real Estate Agents Buyers Clients 409

Housing Wire

SEPTEMBER 15, 2023

“I’ve seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. year over year, the largest annual decline since June 2021.

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Buyers Mortgage New Listings Real Estate Agent 390

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. Home prices still seem to continue to be increasing while there is low inventory.”. Sponsored Video.

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Real Estate Agent Finance Retail Mortgage 371

Housing Wire

APRIL 15, 2022

HousingWire : What do you think will be the big themes for the housing market in 2022? Rates have risen more than 2 full percentage points, yet housing prices continue to rise. With resale inventory shockingly low, 1 out of 3 single family homes for sale is new construction.

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