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. It’s not so much that it’s more of a buyers market, but it’s less of a seller’s market,” Sam Wax, partner and loan originator at My Easy Mortgage , said.

Loan Officers 364

Loan Officers Inventory Real Estate Agent Buyers 364

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. If buying a home is on your radar for 2021, there are still ways to do it. More for Real Estate Enthusiasts.

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

JANUARY 8, 2021

The country was paralyzed amid the current health crisis and many borrowers and sellers alike are frightened to enter purchase contracts and move forward with transactions already in progress. Even some of the most seasoned real estate agents have had to slow down in their current business model.

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Lending Mortgage Inventory Business 435

Housing Wire

MARCH 18, 2022

The success of iBuyers is the failure of real estate agents. After all, iBuying companies Opendoor , Redfin and formerly Zillow are predicated on home sellers eschewing a listing agent and selling their home to the company. million in net income for 2021. Offerpad CEO Brian Bair.

Agents 371

Agents Real Estate Agent Real Estate Sellers 371

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. What’s especially interesting is that unlike average or low-performing agents, top-performing agents simply don’t lower their commission rates very often.

Agents 388

Agents Real Estate Agent Brokerage Real Estate 388

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

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Inventory Marketing Business Buyers 317

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 391

Housing Market Buyers Agents Marketing 391

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. million and 1.92

Buyers 425

Buyers Inventory Real Estate Agent Agents 425

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.

Buyers 338

Buyers Sellers Real Estate Agent Real Estate 338

Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

Insurance 380

Insurance Housing Market Marketing Agents 380

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

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Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

SEPTEMBER 15, 2023

They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. 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. The median U.S.

Buyers 390

Buyers Mortgage New Listings Real Estate Agent 390

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. It’s beautiful.

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. Listings jumped at both the state and city levels in 2021 and 2022. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

Brokerage 381

Brokerage Realty Real Estate Inventory 381

Housing Wire

JANUARY 20, 2021

As real estate professionals strategize on how to do business in 2021’s competitive, fast-paced housing market, they’ll discover the need for better tools to market their listings. Inventory has been an issue for real estate agents and brokers since early 2020, as well. Presented by: Apartments.com.

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Supply Chain Inventory Housing Market Real Estate 416

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. billion in unsold home inventory. construction workers.

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Renovations Real Estate Construction Contracts 380

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 billion in 2021 to become the third-ranked LO in the country on Scotsman Guide , Cohen’s production volume dropped 60% in 2022 to about $647 million.

Buyers 373

Buyers Housing Market Marketing Real Estate Agent 373

Housing Wire

JANUARY 20, 2021

As 2021 unfolds, the real estate industry is still dealing with ongoing concerns introduced and exacerbated by the COVID-19 pandemic last year, leaving agents and brokers facing multiple challenges with their work. That’s going to be an issue for a long time, and that’s why housing prices are still climbing.”.

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Real Estate Inventory Sellers Landlords 411

Mashvisor

JULY 9, 2021

In this year’s competitive seller’s market, it can seem impossible for a new agent to know how to get listings. With low inventory, buyers are a dime a dozen, and…

Real Estate Agent 74

Real Estate Agent Agents Real Estate Inventory 74

Housing Wire

DECEMBER 28, 2023

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The year] 2020 and 2021 was all about how quickly a lender could execute. mortgages were originated in 2020 or 2021, when the pandemic drove borrowing costs to historic lows.

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Business Mortgage Loan Officers Inventory 401

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. 2014 was the very last year total housing inventory grew in America.

Housing Market 492

Housing Market Marketing Mortgage Inventory 492

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 64

Sellers Realtors Buyers Inventory 64

Housing Wire

FEBRUARY 28, 2021

Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates. Real estate brokers need to be able to target these clients effectively, so they can close deals quickly. Many real estate professionals discount the seller lead.

Real Estate 403

Real Estate Brokerage Valuation Clients 403

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . billion production volume in 2021.

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Mortgage Real Estate Real Estate Agent Realtors 347

Cleveland Appraisal Blog

JANUARY 5, 2023

I’ve noticed recently that when I call real estate agents to confirm information about properties I am using in my appraisal, almost every agent answers their phone and if they don’t, even if I don’t leave a message, they call me back. That’s down from November 2021 when the percentage was 43%.

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

Housing Wire

DECEMBER 28, 2021

By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. Moreover, 2021 was a historic year for home prices. real estate, however, is not known for its change.

Real Estate 440

Real Estate Realty Brokerage Realtors 440

Housing Wire

MARCH 5, 2024

trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported. Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. How do you help real estate agents? Raunaq Singh About $8.5

Mortgage 389

Mortgage Buyers Agents Real Estate Agent 389

Housing Wire

JULY 25, 2023

My customer is the real estate agent. It is very simple to say that 2020 or 2021 were such great years, those were the good old times. MW: As far as the inventory levels go, this is something that I’ve been focusing on and specializing in for years. Because, as an originator, my No. I know who my customer is.

Real Estate Agent 248

Real Estate Agent Mortgage Real Estate Training 248

Housing Wire

MAY 11, 2021

The Q1 2021 loss approached Opendoor’s $280 million net income loss for all of 2020. How Opendoor could sell comparably fewer homes in Q1 amid historically high demand and low inventory was not addressed on a Tuesday earnings call. A leap in losses can be a hazard of a growing company , even those with bountiful capital backing.

Real Estate Agent 315

Real Estate Agent Real Estate Brokerage Inventory 315

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.

Real Estate 409

Real Estate Agents Buyers Clients 409

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 383

Agents Buyers Sellers Inventory 383

McKissock

OCTOBER 12, 2021

“In a recent Forbes article, ‘The Impact of a Hybrid Work Environment on Real Estate,’ Co-Founder and CEO of Replay Listings Rodolfo Delgado predicts a ‘downsizing’ trend within the commercial real estate space, potentially opening up opportunities for commercial real estate agents to help newly-hybrid companies navigate the relocation process.”.

Real Estate 52

Real Estate Real Estate Agent Agents Clients 52

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. They’re making sky-high offers and writing heartfelt letters to sellers about why they should get the house. Mold remediation.

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Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

FEBRUARY 14, 2022

But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. These employee agents are exceedingly more productive than the average independent contractor agent. Redfin was an amazing place to start my real estate career. “I

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Business Brokerage Real Estate Agent Agents 360

Lamacchia Realty

DECEMBER 11, 2023

From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change. According to the National Association of REALTORS® , 10% of homes sold in 2021 were FSBO.

Realtors 71

Realtors Real Estate Agent Sellers Realty 71

Housing Wire

OCTOBER 1, 2021

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% As is true in most other metros nationwide , the rapid price increases have been driven by strong demand and low inventory. year-over-year.

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Housing Market Marketing Agents Real Estate 414