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. . Justin Messer, CEO at Prosperity Home Mortgage.

Mortgage 371

Mortgage Real Estate Real Estate Agent Realtors 371

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). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% million units last month from July, according to the National Association of Realtors (NAR). Will Savage, an LO at PMC Mortgage.

Mortgage 411

Mortgage Loan Officers Buyers Inventory 411

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.

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Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

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Buyers Mortgage Loan Officers Retail 450

Housing Wire

MAY 27, 2021

Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS. Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery.

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Mortgage Inventory Housing Market Construction 457

Housing Wire

NOVEMBER 28, 2023

CubiCasa , a Finland-based proptech company, partnered with OneKey MLS – a major mortgage licensing system (MLS) serving the New York Metropolitan area – to provide user-friendly floor plan creation tools. Equipping our members with easy-to-use floor plan creation tools will enhance the services they offer to both homebuyers and sellers.

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Tools Technology Real Estate Training 375

Housing Wire

FEBRUARY 20, 2024

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints.

Buyers 405

Buyers Inventory Realtors Mortgage 405

Lamacchia Realty

APRIL 8, 2024

has released its “Top Producing REALTORS®,” for March 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Jason is also a member of Lamacchia’s 2021 , 2022 , and 2023 President’s Club.

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Realtors Realty Real Estate Agents 71

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Realtor.com expects mortgage rates to reach 7.1% by the year-end.

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Mortgage Housing Market Buyers Sellers 414

Housing Wire

MARCH 22, 2023

According to Redfin, the last time down payment percentages were at this level was in early 2021 — prior to the pandemic real estate boom reaching its zenith. Redfin attributed the drop in down payment amount and percentage to the slower housing market , lower home prices, and higher housing costs due to rising mortgage rates.

Buyers 395

Buyers Sellers Mortgage Realtors 395

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

MARCH 19, 2024

Biden will also highlight the money offered to states in the 2021 American Rescue Plan Act to boost affordable housing supply. These two tax credits are designed to serve as a bridge as inflation and mortgage rates continue to fall.”

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Sellers Buyers Realtors Investing 322

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. HousingWire published a deep dive on the topic in June 2021. Meanwhile, 39% said they had challenges finding sellers.

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Appraisal Logistics Valuation Appraisal Process 369

Housing Wire

MARCH 16, 2022

One real estate agent interviewed by the NAHREP surveyors said the biggest challenge in 2021 was discrimination against FHA borrowers. “A A lot of sellers were very blunt about it: ‘If it’s FHA, forget it,’” said Lizbeth Alarcon, an agent at RE/MAX Vivid Realty. FHA offers were being eliminated, even if it was a strong offer.”.

Real Estate Agent 378

Real Estate Agent Real Estate Agents Sellers 378

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Literally, we’re right back to being a seller’s market again.” So more realtors in the area have started working with us.

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Marketing Inventory Loan Officers Buyers 363

Housing Wire

JANUARY 9, 2023

Foreclosure auction buyers on the Auction.com platform purchased at an average discount of 29% below estimated “as-is” market value in the fourth quarter of 2022, up from 23% in the third quarter and up from a pandemic low of 9% in the first quarter of 2021. Home sales bottoming out as sellers eventually capitulate on price.

Retail 448

Retail Sellers Buyers Market Value 448

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. from 2021, which NAR attributes to the “rapidly escalating interest rate environment.” However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” A total of 5.03

Inventory 361

Inventory Housing Market Realtors Buyers 361

Housing Wire

DECEMBER 28, 2021

real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic. 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. on pace for 6.29

Real Estate 441

Real Estate Realty Brokerage Realtors 441

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. percentage points, implying three cuts of 0.25 15, just 0.07

Mortgage 412

Mortgage Realtors Real Estate Marketing 412

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . million in August.”

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Inventory Housing Market New Listings Mortgage 447

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. months in February 2021. million and 6.16 million level.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Empire Appraisal Group

JULY 14, 2022

About 45% of mortgaged residential properties in the U.S. of mortgaged homes equity-rich), Vermont (68%), Utah (63.6%), Washington (60.9%), and Arizona (60.9%). The states where the share of equity-rich mortgaged homes increased the most in the fourth quarter of 2021 compared to the first quarter of 2022 were: New Mexico: from 35.3%

Sellers 78

Sellers Marketing Market Value Realtors 78

Housing Wire

AUGUST 10, 2022

From the National Association of Realtors : What I want to talk about is the concern I’ve had throughout this post-COVID-19 housing market: When will we get total inventory back into a range of 1.52 We aren’t talking forced sellers, foreclosures or even short sellers. million to 1.93 How low do rates need to go?

Inventory 519

Inventory New Listings Housing Market Sellers 519

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. While the report was released in February, a new trouble of the housing market has emerged: the rise in mortgage rates.

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Housing Market Realtors Buyers Inventory 422

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 There were 3,541 respondents to the online survey which ran from May 3-10, 2021, of which 1,731 had a client.

Realtors 471

Realtors Buyers Housing Market New Listings 471

Housing Wire

MAY 17, 2022

Cash buyers made up 28% of all home purchases in March, a rise of five percentage points from the same month in 2021, according to the National Association of Realtors. The company’s commission is paid by the seller and buyers don’t pay any additional fees to use Orchard’s cash.

Buyers 369

Buyers Investors Mortgage Valuation 369

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. Credit repair and management tactics A healthy credit score secures a favorable mortgage rate.

Agents 397

Agents Buyers Sellers Inventory 397

Housing Wire

NOVEMBER 3, 2020

nationally by September 2021 as higher prices erode affordability. Home purchase demand managed to maintain pace through the summer, and now through the fall, as record low mortgage rates continued to encourage new borrowers to enter the market. Data from the National Association of Realtors and U.S. by September 2021.

Inventory 470

Inventory Housing Market Construction Marketing 470

Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. What are the implications for the mortgage market? 2022 Forecast series.

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Housing Market Marketing Supply Chain Mortgage 404

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. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

Inventory 481

Inventory Housing Market New Listings Buyers 481

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 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.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

FEBRUARY 18, 2022

annually to $350,000, according to the Friday report from the National Association of Realtors. from December and mortgage rates shot up 30 basis points. 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%. January sales fell 2.3%

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Supply Chain Inventory Buyers Contracts 404

Housing Wire

AUGUST 20, 2020

In San Antonio Knock is partnering with Keller Williams Heritage and Berkshire Hathaway HomeServices Don Johnson Realtors, and in Austin Knock is partnering with Berkshire Hathaway Texas Realty to give homeowners the option to “swap” their current house for their dream home.

Real Estate 413

Real Estate Training Realty Brokerage 413

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. “The largest, undisrupted market in the U.S.,”

Marketing 408

Marketing Inventory Renovations Investors 408

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2%

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Marketing Government Mortgage Sellers 404