Housing Wire

FEBRUARY 1, 2023

While mortgage rates have been trending lower, rates are still higher than 12 months ago, but some experts anticipate that the downward pressure on rates will provide opportunities for buyers. Investors are betting that the economic slowdown and the Fed’s eventual victory over inflation will result in lower rates over time,” Fratantoni said.

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Buyers Mortgage Landlords Law 397

Housing Wire

FEBRUARY 10, 2023

After a quarter characterized by weakening homebuyer demand and some of the highest mortgage rates seen in decade, it was no surprise that Stewart and First American recorded weaker financial results in the fourth quarter of 2022 compared to the same quarter a year ago. At Stewart , Q4 revenue came in at $665.9 million, down from $961.7

Buyers 369

Buyers Housing Market Investors Insurance 369

Housing Wire

JUNE 28, 2023

Founded in 2013 by Brew Johnson, Brett Crosby and Alex Perelman, Peer Street developed a marketplace connecting lenders and borrowers seeking capital to investors looking for real estate-related debt. The business attracted investor Michael Burry, one of the featured players in “The Big Short.” million in 2021, Dunn wrote.

Investors 432

Investors Real Estate Mortgage Investing 432

Housing Wire

FEBRUARY 27, 2024

million in 2022. Compass’ other financial results also showed improvements over 2022. million was an improvement over the $158 million net loss in Q4 2022. million) was nearly half of what it was in 2022, at $601.5 million) was nearly half of what it was in 2022, at $601.5 billion, its net loss of $83.8

Agents 420

Agents Brokerage Buyers Training 420

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. Today, the average is 2.7

Realtors 432

Realtors Buyers Inventory Sellers 432

Appraisal Buzz

MAY 19, 2022

Up from 40% a year ago, 55% of real estate investors feel that their local market is overvalued and expect to see a price correction in the coming months. The post Over Half of Investors Believe Market is Overvalued appeared first on Appraisal Buzz.

Investors 150

Investors Marketing Real Estate Buyers 150

Housing Wire

APRIL 18, 2024

Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. The supply and demand equilibrium changed after November 2022, and that itself has kept prices rising even with existing home sales still trending at the lowest levels ever for the third calender year. million units, up 4.7%

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Inventory Housing Market New Listings Buyers 491

Housing Wire

MARCH 31, 2021

Eventually, homes matching the cash flow of the builders and investors were built, some to the tune of 6,000 square feet. Other agents mentioned that investors are swarming, as well. “[Investors] look at our prices and laugh,” Eckenrod said. “[Investors] look at our prices and laugh,” Eckenrod said.

Buyers 397

Buyers Investors Realtors Agents 397

Housing Wire

DECEMBER 15, 2023

Launched in New York City in 2017, Prevu offers buyers up to 2% cash back of the purchase price thanks to its commission rebate. The Smart Buyer Rebate, the company’s flagship product, allows prospective homebuyers to find a home with a customized property feed that shows their potential rebate.

Real Estate 418

Real Estate Finance Technology Buyers 418

Housing Wire

DECEMBER 5, 2023

Last May, EasyKnock gobbled up Ribbon , a power buyer firm, and in September, it acquired home maintenance platform Onder. EasyKnock received $57 million in venture capital in February 2022. Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday.

Modernization 421

Modernization Investors Technology Finance 421

Housing Wire

JULY 11, 2023

Land sales volume continued to exceed the five-year average of $650 million in gross sales during the first six months of 2023, but gross sales are off from the record-setting pace of 2021 and 2022, according to Farmers National Company mid-year land values report , released Tuesday.

Real Estate 370

Real Estate Investors Buyers Marketing 370

Housing Wire

MAY 5, 2022

Most buyers looking for a primary residence won’t consider a home with tenants in it. Buyers worry the home won’t be as well cared for as it would if the owners lived in the home. You can conduct the sale as you would with any other buyer, selling the house in a decent amount of time. This increases your target audience.

Tenants 370

Tenants Investing Buyers Bracketing 370

Housing Wire

APRIL 6, 2023

Investors are preparing for Friday’s job report, anticipating signs of a slowing economy in light of February’s job openings and labor turnover report, which showed falling job openings,” Hannah Jones , Realtor.com ’s economic data analyst, said in a statement. Buyer demand tends to be sensitive to mortgage rate changes.

Mortgage 466

Mortgage Investors Buyers Inventory 466

Housing Wire

MARCH 5, 2024

Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market ,” Mohtashami wrote on Saturday. The most recent inventory bottom was in 2022 at 240,194 units, while the inventory peak in 2023 was 569,898. Between Feb.

Mortgage 458

Mortgage Inventory Sellers Investors 458

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! Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes. Are you considering selling your property?

Real Estate 434

Real Estate Open Houses Brokerage Real Estate Agent 434

Appraisal Buzz

APRIL 1, 2024

That’s the largest annual increase in percentage terms since April 2022, the firm says. But elevated housing costs – from both high prices and high mortgage rates – are also incentivizing buyers to take out larger down payments. As the report notes, most first-time home buyers can’t afford a big down payment.

Real Estate Agent 195

Real Estate Agent Investors Buyers Real Estate 195

Housing Wire

SEPTEMBER 11, 2023

Onder raised an undisclosed amount of venture capital including a pre-seed round led by Rackhouse Ventures in 2021, but in late 2022, as the housing market slowed and economic uncertainty rose, the flow of venture capital funds slowed. In May, EasyKnock acquired struggling power buyer firm Ribbon for an undisclosed amount.

Modernization 421

Modernization Investors Housing Market Buyers 421

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise.

Buyers 479

Buyers Realtors Inventory Sellers 479

Housing Wire

NOVEMBER 10, 2023

Affluent Americans (or investors) are the only ones who can bypass the sting of high mortgage rates by paying all cash. Meanwhile, buyers offer bigger down payments to lessen the cost of monthly payments In September, buyers were typically putting down 16.1% That’s the highest down-payment percentage since June 2022.

Mortgage 441

Mortgage Buyers Insurance Government 441

Housing Wire

NOVEMBER 17, 2022

BAMCO is the latest step toward realizing MCT’s vision of every loan being priced to every investor, supporting true best execution for sellers and a more efficient market for borrowers,” said Justin Grant, Senior Director, Head of Investor Services at MCT. There is no additional cost for MCT’s hedging clients to use BAMCO.

Investors 365

Investors Clients Sellers Buyers 365

Housing Wire

FEBRUARY 13, 2024

In early 2022, real estate listing giant Zillow began discussing its visions for a “Housing Super App.” It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening.

Agents 409

Agents Sellers Buyers Law 409

Housing Wire

DECEMBER 14, 2023

With first-time buyers accounting for just 26% of all home purchases in 2022 — a 41-year low — the mortgage market place aims to help first-time homebuyers with the right program and mortgage products. The startup helps connect first-time buyers with lenders and offers detailed down payment assistance (DPA) programs.

Technology 407

Technology Buyers Investors Mortgage 407

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. The consensus from mortgage executives and analysts alike is that lenders who did well with purchase mortgages in 2021 – and appear well-positioned to ride out the storm in 2022 – are those who can get closer to the borrower. year-over-year.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

JUNE 26, 2023

Several of MAXEX’s existing investors, including J.P. In September 2022, the digital mortgage platform unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. The companies claim they collectively serve more than 500 market participants.

Investing 370

Investing Investors Design Mortgage 370

Housing Wire

JUNE 28, 2022

in the previous month… Nine of the 20 cities reported higher price increases in the year ending April 2022 versus the year ending March 2022. Also, certain investors felt no fear post-2020. This is because the biggest buyers of homes are mortgage buyers. The 20-City Composite posted a 21.2%

Housing Market 458

Housing Market Marketing Inventory Investors 458

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

MARCH 18, 2022

This level is still within my 2022 forecast sales range between 5.74 million and I am looking for more of the same in 2022, at the 5.74 After 11 years of listening to people talk about housing crashing from 2012-2022, you have to ask yourself who is the bigger fool: the fool, or the fool who follows them? million and 6.16

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

MARCH 8, 2023

In addition, loan officers said that investors took advantage of a slower market. Investor demand tends to increase at times when most borrowers are waiting for rates to decline, Justin Fullmer, area manager in Idaho for Future Mortgage , told HousingWire. from the week prior. ” Who is jumping into the market? ”

Mortgage 384

Mortgage Loan Officers Investors Government 384

Housing Wire

DECEMBER 13, 2023

With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels. Amherst Chairman and CEO Sean Dobson said the shrinking margins in the agency MBS sector are a byproduct of an over-supply of paper and a greatly reduced investor balance sheets for absorbing the debt.

Mortgage 409

Mortgage Marketing Investors Lending 409

Housing Wire

NOVEMBER 2, 2023

Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not the one their firm was recently named as a defendant in. If buyers’ agents become less common, Redfin will prosper in that world too,” Kelman said. “We

Agents 450

Agents Technology Housing Market Training 450

Housing Wire

JUNE 9, 2022

The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. Bids for the FNA 2022-RPL3 reperforming loan offering are due by July 7. risk findings existed per transaction.

Investors 384

Investors Government Finance Buyers 384

Housing Wire

MAY 22, 2023

In 2022, Keelin and his team closed $827 million in volume, with Keelin originating $322 million alone. Another strategy Keelin advises his team members is to have a diversified portfolio, targeting both first-time buyers and investors. They (investors) are not scared of interest rates. Keelin noted.

Loan Officers 370

Loan Officers Investors Technology Clients 370

Housing Wire

NOVEMBER 7, 2023

That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Revenue decreased by 10% year over year to $1.34

Agents 409

Agents Real Estate Agent Realtors Brokerage 409

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said. “How

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

JANUARY 25, 2023

The multinational investment bank and financial services company says home prices, which have been on the decline since June 2022, will fall further this year than previously predicted. These concessions include offering buyers money for home repairs and mortgage-rate buydowns as homeowners continue to sell homes for below the asking price.

Housing Market 397

Housing Market Investors Clients Mortgage 397

Housing Wire

MAY 4, 2023

During the first quarter of 2023, the Big Four title insurer reported revenue of $2.474 billion, down from $3.167 billion in Q1 2022, and a net income of $59 million compared to $400 million a year prior. billion a year ago, and a net income of $128 million, a decline compared to $191 million in the first quarter of 2022. “We

Insurance 384

Insurance Buyers Business Sellers 384

Housing Wire

FEBRUARY 23, 2024

Less than 24 hours after announcing Nick Bailey’s departure from the firm, RE/MAX executives found themselves on a call with investors and analysts to discuss the company’s fourth-quarter and full year 2023 earnings. agent count, meanwhile, fell from 58,719 at end of 2022 to 55,131 at end of 2023. RE/MAX’s U.S. Carlson said.

Agents 410

Agents Investing Brokerage Design 410