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

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

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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.

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Brokerage Realty Real Estate Inventory 407

Housing Wire

DECEMBER 16, 2021

Nevertheless, while we view the trends described below as the most likely path for the economy and mortgage market in 2022, this news highlights the elevated level of uncertainty we’ve all been living with the past few years. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

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Marketing Mortgage Supply Chain Inventory 449

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. I wanted to close before May 1, so I selected a buyer who was already in underwriting. Congratulations!” You just sold your house.” And that was that!

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Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. In early 2022, people were locking into 3% and 4% interest rates. Homelight surveyed real estate agents who found ADU ROIs to be neutral to negative, depending on the location. So, what’s happening with ADUs now?

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Housing Wire

APRIL 22, 2024

There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! You can use other agents’ listings here, but be careful not to imply that you’re the agent. Are you considering selling your property?

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Real Estate Open Houses Brokerage Real Estate Agent 360

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%. Conversely, White and Hispanic Americans experienced gains in buyer shares. NAR found the age of repeat buyers increased to 59 years from 56 years last year.

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Housing Wire

MAY 4, 2023

The company’s GAAP net loss in Q1 was $411 million, a decline from 2022 Q4’s $493 million. He also acknowledged that low inventory and poor housing affordability still present challenges. decline from $19 billion in Q4 2022. The first quarter production also represents a whopping 67% drop compared to the same period in 2022.

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Housing Wire

SEPTEMBER 11, 2023

The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually. Target buyers for Cliffco include non-traditional buyers seeking investor loans.

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Loan Officers Agents Retail Technology 382

Housing Wire

DECEMBER 16, 2021

On Tuesday, according to multiple sources within the New York-headquartered mortgage lender and “power buyer,” a weekly video meeting of Knock loan officers took a turn when Robert Foos, Knock’s director of sales, told loan officers that they would receive a 33% reduction in salaries effective Jan.

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Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Department of Veterans Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to The Wall Street Journal. How do you help real estate agents?

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. of UWM’s mix in 2021, and company executives expect that number to grow in 2022 as rates climb. billion, up 103.3%

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Mortgage Marketing Retail Lending 519

Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. For non-appraisers, the greatest challenge was lack of inventory , with 66% of respondents selecting this response.

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Appraisal Real Estate Agent Valuation Training 382

Housing Wire

MARCH 25, 2022

Dhingra has over 20 years of experience helping homebuyers and real estate agents and is an expert when it comes to harnessing the power of social media to help educate and inform people on the home-buying process. HousingWire: What do you think will be the big themes for the housing market in 2022?

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Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

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Marketing Mortgage Inventory Loan Officers 339

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Real estate agents, loan officers and builders can attract customers they have never captured before.

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Loan Officers Real Estate Agent Real Estate Finance 387

Housing Wire

APRIL 29, 2022

We are looking at this 2022 market like a snow day in January. Investors and trust funds keep buying the bottom of the market from under the first-time home buyer. Builders do not have inventory — or workers and supplies. Market our customers together to reduce waste and compensation that makes it harder on the home buyer.

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Mortgage Real Estate Agent Technology Inventory 370

Eppraisal

MARCH 18, 2022

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

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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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Appraisal Buzz

OCTOBER 3, 2022

According to their public website, in June 2022, the supply of existing homes for sale would last 3 months. I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates.

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Mortgage Loan Officers Government Buyers 375

Housing Wire

DECEMBER 28, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. July was the plateau.

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Real Estate Realty Brokerage Realtors 441

Housing Wire

MARCH 13, 2023

New York City, New York In many ways the spring of 2022 marked the full return of New York City and for a real estate agent like Johnson Tsai, a lead agent at REAL, this meant a massive up-tick in rental demand. “We There are always flocks of buyers from out of state and out of county.”

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Housing Market Marketing Tenants Buyers 357

Housing Wire

APRIL 25, 2023

recently, the cost of borrowing is still significantly higher than it was in 2021 or early 2022. Inventory was so tight that homes often went to buyers with large down payments or even all-cash offers. It has also increased the likelihood of a modest recession later this year.

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Inventory Housing Market Marketing Mortgage 365

Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. 1 housing market for spring 2022, there is no doubt that the housing market in Rapid City is one to watch. In March 2022, the median list price of a home was up 21.4%

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Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. With inventory remaining tight and demand still strong, Davis only sees this trend increasing as we get further into spring. Conway, Arkansas. Rochester, New York.

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McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Why It’s Hard to Meet Housing Inventory Needs Right Now. Why Is U.S.

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Inventory Construction Real Estate Renovations 68

Quicken Loans

DECEMBER 16, 2021

So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. In combination with low housing inventory and labor shortages, that drove up selling prices. Here are a few housing market predictions for 2022 to help you prepare for the market’s future.

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Housing Market Marketing Inventory Real Estate 78

Birmingham Appraisal

JANUARY 24, 2024

As someone knee-deep in residential real estate appraisal, I’ve got a nugget of wisdom to share: housing statistics are your not-so-secret weapon for leveling up in the real estate hustle. Quick Lowdown for Real Estate Agents Let’s keep it real—real estate is more than just bricks and mortar changing hands.

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Real Estate Agent Real Estate Inventory Buyers 63

Hank Miller Team

NOVEMBER 4, 2022

Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions. Most of them.

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Buyers Real Estate Agent Agents Real Estate 40

Housing Wire

JULY 28, 2023

Outsiders to the real estate industry may assume that the tight market has real estate agents hanging up their hats. In reality, today’s agents are seizing the market and feeling confident. Real estate agents are still confident in the industry and the market. The answer is undeniable.

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Real Estate Agent Real Estate Agents Housing Market 370

Housing Wire

APRIL 18, 2023

As rates increased in 2022, the California lender laid off nearly 1,000 staff to cut costs and meet shrinking demand in the industry. Because there are retail LOs building that in-person relationship with their real estate agents and financial advisors. We literally did it from scratch [in March, April 2022].

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Retail Business Agents Loan Officers 320

Housing Wire

DECEMBER 27, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Some 15 years ago, real estate agents had only a few choices when deciding which real estate business model to choose.

Brokerage 366

Brokerage Real Estate Agents Finance 366

Cornerstone

JANUARY 7, 2022

Now it’s 2022, and both homebuyers and sellers have questions. Housing market predictions 2022: Insight from 5 experts. Here’s what you can expect for 2022, according to the experts: 1. Here’s what you can expect for 2022, according to the experts: 1. Reading Time: 3 minutes. What lies ahead? More sellers should list. “We

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Housing Market Marketing Sellers Inventory 52

Birmingham Appraisal

FEBRUARY 6, 2024

A great skill to have for a real estate agent, or anyone in the real estate industry, is the ability to download sales data from your local MLS and import it into a spreadsheet program like Excel or Google Sheets. In my last post, I discussed statistics related to supply and demand.

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Inventory Real Estate Sellers Buyers 76

Housing Wire

JUNE 1, 2023

Excluding the first-time buyers who are waived from LLPA fees, no new groups of borrowers will get a clearly better execution with FHA after the changes. In 2022, only 7.6% Some will move to more of an “either way” place, so that lender decisions around pricing can more make the difference for these. People should shop, right?”

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