Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies?

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Housing Wire

JULY 28, 2023

from June 2022, according to Realtor.com economic researcher Hannah Jones. asking rent is just $24 shy of the $2,053 peak hit in 2022. Austin buyers must earn $92,000, down 3.3% year over year, and Phoenix buyers must earn $86,100, down about 1%. It dropped 17% year over year in June. Meanwhile, average U.S.

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Housing Wire

JUNE 23, 2022

Austin-based mortgage tech platform UpEquity laid off around 10% of its workforce last week, proof that the rising interest rate landscape hurts real estate technology companies, too. . UpEquity earns a commission from brokering or selling the mortgage buyers take out to buy their homes. In October, ??the

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Housing Wire

JUNE 28, 2023

California-based real estate investing platform Peer Street, Inc. 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. million in 2021, Dunn wrote. million, down 23.2%

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Appraisal Buzz

JANUARY 17, 2022

What is on the horizon in 2022? Things may be taking a turn for the better in 2022, though. Many buyers hope the housing market will cool down in 2022, and while experts don’t think it will be as competitive, this is unlikely to be a dramatic shift — at least not one that turns the market away from being seller-friendly.

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Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Housing Wire

FEBRUARY 27, 2024

million in 2022. Eventually the real estate market will get to more levels of transactions in the mid-cycle.” 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

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Agents Brokerage Buyers Training 413

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.

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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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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.

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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

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Housing Wire

APRIL 3, 2024

Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy. The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow.

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Housing Wire

NOVEMBER 15, 2023

With so much uncertainty surrounding the real estate industry today, it’s never been more important to have a leader who thoroughly knows us and understands business at the highest level,” said Keller. He takes over at a critical point in the real estate industry. That’s Mark Willis.”

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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.

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Housing Wire

MARCH 31, 2021

“People come here and they see our prices, and their eyes become saucers,” said Barb Appold, a realtor for Berkshire Hathaway Home Services MI Real Estate. Eventually, homes matching the cash flow of the builders and investors were built, some to the tune of 6,000 square feet. “It was just crazy.”

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Hank Miller Team

MARCH 21, 2022

The 2022 market could not be more different than the 2010-12 market.over 100K homes were on the market during the darkest days. The Atlanta real estate market explosion is due in large part to its broad appeal, size and vast selection of properties. There's so much more to know - ask us.

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Housing Wire

MAY 12, 2022

In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on your goal to add real estate investments to your portfolio. You May Save Money.

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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. In Q4 Zillow lost $73 million, slightly worse than the $72 million loss reported in Q4 2022.

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Appraisal Buzz

APRIL 1, 2024

That’s the largest annual increase in percentage terms since April 2022, the firm says. Homebuyers are doing whatever they can to pull together a large down payment in order to lower their monthly payments moving forward,” says Rachel Riva, a Redfin real estate agent in Miami. Home prices increased 6.6%

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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.

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Buyers Realtors Inventory Sellers 471

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. I wanted to close before May 1, so I selected a buyer who was already in underwriting. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. Congratulations!” And that was that!

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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.

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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 483

Robinson Appraisal Group

NOVEMBER 25, 2022

Lower rates typically promote an increase in demand for properties, this in turn drives up pricing, while on the flip side of that, higher interest rates reduce the demand since the costs of a mortgage increase deterring prospective home buyers. So far, the Fed’s six hikes in 2022 have increased rates by a combined 3 percentage points.

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Real Estate Buyers Investors Home Value 88

Housing Wire

NOVEMBER 1, 2023

In his remarks about the suit, Barton said Zillow is a strong supporter of free, fair and transparent access to real estate information, independent representation, and transparent and negotiable agent commissions. The real estate behemoth recorded $496 million in revenue, an increase of 3% year over year.

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Real Estate Advertising Agents Realtors 450

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. How long that can continue is hard to say.”

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Finance Marketing Renovations Investors 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.

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Mortgage Investors Buyers Inventory 457

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 393

Housing Wire

DECEMBER 13, 2023

With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels. A recent report from real estate investment firm The Amherst Group forecasts that the combined net issuance of agency MBS is projected at $250 billion for 2023, compared with $530 billion last year.

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Mortgage Marketing Investors Lending 404

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

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Real Estate Brokerage Real Estate Agent Technology 382

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

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Agents Real Estate Agent Realtors Brokerage 404

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. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

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Mortgage Marketing Retail Lending 519

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines. That was a problem for sellers of loans.

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Marketing Mortgage Investors Sellers 424

Housing Wire

JANUARY 26, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. That’s the state of the real estate market as we move into the new year, so the answers to those questions will determine the fate of real estate investors in 2022.

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Real Estate Investors Inventory Business 424

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.

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Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies.

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Realtors Housing Market Marketing Buyers 393

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.

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Modernization Investors Housing Market Buyers 414