Housing Wire

FEBRUARY 18, 2021

Investing in real estate. In 2020, home prices soared by nearly 10% to levels not seen since 2014, all while inventory dropped significantly. The high demand created a competitive market, but also a successful investment environment for real estate enthusiasts. More for Real Estate Enthusiasts.

Real Estate 523

Real Estate Investing Marketing Home Value 523

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

Inventory 369

Inventory Mortgage New Listings Sellers 369

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 392

Inventory Marketing Mortgage Supply Chain 392

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. One thing that I have stressed is that higher mortgage rates can create a slowdown in demand and thus allow more inventory to accumulate through a weakness in demand. million to 1.93

Inventory 519

Inventory New Listings Housing Market Sellers 519

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Inventory issues. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. All about the rates.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Housing Wire

JULY 5, 2023

Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. In some markets there are now 2-3x more homes listed on Airbnb than for sale, a situation that has robbed the housing market for inventory,” Gerli wrote in an email.

Inventory 391

Inventory Housing Market Marketing Sellers 391

Housing Wire

JANUARY 4, 2021

Will 2021 be more of the same? A buyer’s market in 2021? It’s not likely we’ll see a buyer’s housing market in 2021, at least according to experts. For example, home prices are still expected to rise in 2021, but at a smaller pace than we’ve seen this year. More for Real Estate Enthusiasts. projected clip.

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners. Among 75 U.S.

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. ” Real estate agents and LOs: the great collaboration. . ” Real estate agents and LOs: the great collaboration.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Weekly Housing Inventory A few weeks ago, I was encouraged that we had a slight increase in inventory and a small decline the following week. This week inventory fell 8,664 units from the previous week.

Inventory 445

Inventory Housing Market Marketing New Listings 445

Housing Wire

FEBRUARY 24, 2022

Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. billion in unsold real estate inventory.

Investors 424

Investors Real Estate Inventory Finance 424

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

Housing Market 514

Housing Market Marketing Inventory Buyers 514

Housing Wire

JULY 29, 2022

That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin. percentage points from June 2021.

Inventory 457

Inventory Housing Market Inspection Marketing 457

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 We believe that this should allow us to capture market share from real estate with old, traditional commission models.”.

Inventory 330

Inventory Brokerage Realty Real Estate 330

Housing Wire

MAY 15, 2024

million in January 2021 (when mortgage rates were 2.7%) fell to 3.9 It’s simple: When money is very cheap, we want to own real estate. Available inventory of homes to buy follows a reliable seasonal trend with the low in Q1 and the high in Q3 of each year (except for the 2020 pandemic year).

Mortgage 349

Mortgage New Listings Inventory Sellers 349

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 398

Brokerage Realty Real Estate Inventory 398

Housing Wire

JUNE 2, 2022

HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 The following Q&A has been lightly edited for length and clarity.

Training 403

Training Inventory Housing Market Real Estate Agent 403

Housing Wire

APRIL 20, 2021

In the past year, among the many challenges and difficulties brought on by the COVID-19 pandemic, the real estate and mortgage industries enjoyed a wave of success with low interest rates, refinance opportunities and etc. But if you’ve gotten this far I want to ask this question: how good is your real estate or mortgage CRM software?

Real Estate 404

Real Estate Mortgage Loan Officers Advertising 404

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 409

Real Estate Brokerage Valuation Clients 409

Housing Wire

APRIL 19, 2021

Real estate investors buy to flip a home for a profit or get rental income, but they’re not the majority of buyers in America each year. Last year and this year have been crazy for real estate. The post The housing market won’t crash in 2021. It is part of who you are.

Housing Market 540

Housing Market Marketing Real Estate Investing 540

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 439

Lending Mortgage Inventory Business 439

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.

Inventory 334

Inventory Marketing Business Buyers 334

Housing Wire

APRIL 24, 2024

The Dallas-Fort Worth-Arlington metro area had the largest increase in population count between 2021 and 2022 of any metro area in the country, adding more than 170,000 people , according to the U.S. It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. Census Bureau.

Brokerage 344

Brokerage Realty Marketing Real Estate 344

Housing Wire

APRIL 7, 2021

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. ” Duncan added that home sellers are citing high home prices and tight inventory as primary reasons why it’s a good time to sell.

Sellers 506

Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). Consumers are happy with real estate service.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

DECEMBER 22, 2021

The report noted that home-price growth and a severe shortage of inventory worked in tandem to push housing values to record highs in 2021. trillion in housing value in 2021 appeared first on HousingWire. homeowners gained a whopping $9.1 As a result, the value of U.S. homes grew by 31.4% from last year to a total of $38.3

Home Value 403

Home Value Real Estate Housing Market Brokerage 403

Housing Wire

NOVEMBER 4, 2023

After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. I am running out of time as seasonality is kicking in, which means we are getting closer to the seasonal inventory decline for 2023. Weekly inventory change (Oct.

Mortgage 466

Mortgage Inventory New Listings Real Estate 466

Housing Wire

MARCH 2, 2022

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. set during the first quarter of 2021. For all the transacting iBuyer’s did in 2021, only one was profitable: Offerpad, which posted $6.5 million in net income.

Housing Market 365

Housing Market Inventory Construction Marketing 365

Housing Wire

DECEMBER 30, 2020

“The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. As 2021 approaches, Yun predicts that there will be a slight uptick in mortgage rates to around 3%, existing-home sales to increase by roughly 10% and new home sales to increase by 20%.

Contracts 532

Contracts Inventory Realtors Government 532

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 Hamblen said that there’s about a month-and-a-half worth of inventory in the Long Island market and she is expecting a strong end to 2020.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. However, if housing inventory levels improve and help to keep affordability in check, home sales should remain strong into 2022.” How much will be spent on homes?

Housing Market 408

Housing Market Inventory Mortgage Market Value 408

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

Inventory 478

Inventory Housing Market New Listings Buyers 478

Housing Wire

MAY 14, 2024

In the scenario where more inventory comes into the market and rates come down, we are well positioned to capture upside to last year’s performance,” Nolan added. In addition, we are our first line of defense in helping protect buyers and sellers from real estate and wire fraud.

Insurance 403

Insurance Real Estate Sellers Housing Market 403

Housing Wire

FEBRUARY 4, 2021

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. Are you hoping to buy a home in 2021’s hot housing market ? More for Real Estate Enthusiasts.

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. from May 2021 ($355,000), as prices increased in all regions. home-price growth data.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

JUNE 1, 2022

I’m sure you’ve all heard ad nauseam about the low housing inventory impacting the market. Despite that, the 2022 RealTrends top real estate brokerage firms did a record number of transaction sides in 2021 (our 2022 rankings are based on 2021 data). And, the top firms grew market share at record rates.

Brokerage 361

Brokerage Real Estate Realty Insurance 361

D Fritz Appraisals

JUNE 28, 2022

Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%. Significantly reduced housing inventory. in 2022 compared to 2021, putting homeownership further out of reach for many. Pace of Real Estate Market Steady into Spring. from 2021 – notably low for spring.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105