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3 mortgage industry trends that will define the rest of 2021

Housing Wire

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. 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. Inventory issues. All about the rates.

Mortgage 506
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RedfinNow launches in Phoenix housing market

Housing Wire

Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap. with no appointment needed.

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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. trillion in 2021. trillion in 2022, while refinance origination will dip by 62% to $860 billion from $2.26

Marketing 386
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‘2021 all over again’: Agents get to work as spring homebuying arrives

Inman

who spoke to Inman saw the return of bidding wars and busy open houses, suggesting that after a slow 2022 the market is turning a corner. On the first day of spring, agents across the U.S.

Agents 147
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Study: Real estate firms thrive on repeat and referral business

Housing Wire

On the flip side, interest generated from traditional open houses declined from 2018, according to the National Association of Realtors ’ 2021 Profile of Real Estate Firms. In 2018, 1% of surveyed brokerages said their business came from open houses. Closed sides were up 15.8% When compared to the 5.6%

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14 real estate trends Gen Z buyers are looking for

Housing Wire

Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying.

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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. In 2021, 95% of buyers use online tools to look for houses, with 51% reporting that they found their eventual home online.

Buyers 414