Housing Wire

APRIL 20, 2023

Nominations for HousingWire’s Marketing Leaders award are now open through Friday, April 21, 2023. For the past three years, the HW Marketing Leaders award has recognized elite marketing execs in housing who have pushed their businesses to the top via innovative marketing strategies, creative campaigns and purpose-driven programs.

Marketing 356

Marketing Real Estate Technology Housing Market 356

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

FEBRUARY 3, 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. 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. 2022 Forecast series.

Housing Market 410

Housing Market Marketing Supply Chain Mortgage 410

Housing Wire

NOVEMBER 1, 2023

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market?

Clients 430

Clients Agents Buyers Sellers 430

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. According to the brokerage, 6.5%

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Sellers Buyers Inventory Real Estate Agent 506

Housing Wire

OCTOBER 20, 2023

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic in early 2022.

Housing Market 500

Housing Market Marketing Buyers Modernization 500

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. compared to July 2022. Median home prices there were roughly unchanged from the same period in 2022. Homes are sitting on the market somewhat longer. The National Association of Realtors (NAR) suggested a 2.2%

Buyers 311

Buyers Inventory Realtors Housing Market 311

Appraisal Buzz

JULY 25, 2022

BLOG VIEW: Homebuyers have been dealing with a difficult market for some time. However, 2022’s market will only be a fraction of that, according to the latest estimates. However, 2022’s market will only be a fraction of that, according to the latest estimates.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

Housing Wire

NOVEMBER 3, 2023

I actually started out as a buyer’s agent myself… and I see buyer’s agency as being a very valuable tool for buyers,” Sanford said during the Q&A session. I’m concerned, quite frankly, about what this might mean to buyers who may not be able to afford representation if things change up too much.” million to $14.90

Buyers 367

Buyers Realty Real Estate Realtors 367

Appraisal Buzz

JANUARY 17, 2022

The housing market boomed in 2021 like few could have expected. What is on the horizon in 2022? Things may be taking a turn for the better in 2022, though. Several real estate experts have identified this as a key aspect of the housing boom, with no signs of dissipating in 2022. Demand for New Homes Will Stay High.

Construction 468

Construction Supply Chain Housing Market Technology 468

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” The Montgomery, Texas-based area manager, who moved from AmeriSave Mortgage Corporation to Cardinal Financial Company in November, launched in mid-2022 a platform to help their referral partners succeed.

Buyers 479

Buyers Mortgage Real Estate Agent Contracts 479

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. April was the third month with a year-over-year decline in national home prices , and home prices in March were down 9% from the peak in June 2022.

Housing Market 423

Housing Market Marketing Retail Sellers 423

Housing Wire

APRIL 26, 2024

That figure was up 5% year over year and was only 3% below the peak price of $432,496 in May 2022. In Texas and Florida , however, key market signals show diverging trends. Major markets such as Tampa, Orlando and Dallas also posted supply growth of 20% to 30% during this period. “My Redfin reported that among the 10 U.S.

Housing Market 363

Housing Market Marketing Insurance Sellers 363

Real Estate News

MARCH 28, 2023

Millennials dominated the market in 2021, but as affordability pushed younger buyers to the sidelines, boomers took over as the top group of buyers 2022.

Buyers 265

Buyers Marketing 265

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

JULY 28, 2023

Meanwhile, the total number of starter homes on the market is down 15%, also the biggest drop since the start of the pandemic. 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% The typical U.S.

Buyers 370

Buyers Housing Market Investors Real Estate 370

Sacramento Appraisal Blog

JUNE 6, 2022

Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. THE HONEYMOON IS OVER: It’s like the market was on […]. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…).

Buyers 450

Buyers Real Estate Sellers Marketing 450

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6

Housing Market 511

Housing Market Marketing Inventory Construction 511

Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. in February 2022. million homes in January 2022 to a little more than 4 million in December.

Buyers 377

Buyers Mortgage Landlords Law 377

Appraisal Buzz

APRIL 2, 2024

Compare this to 2000-2022, when upgrading to a 25% more expensive home would have required the average homeowner to increase their principal and interest payment by only 40%, or about $400 per month, according to the report.

Housing Market 393

Housing Market Marketing Inventory Mortgage 393

Housing Wire

FEBRUARY 8, 2024

8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. The economy and labor market remain strong with wage growth outpacing inflation, which is keeping consumer spending robust,” Freddie Mac chief economist Sam Khater said in a statement. “The

Mortgage 417

Mortgage Marketing Sellers Buyers 417

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement.

Inventory 360

Inventory Housing Market Realtors Buyers 360

Housing Wire

APRIL 24, 2024

The Dallas-Fort Worth-Arlington metro area had the largest increase in population count between 2021 and 2022 of any metro area in the country, adding more than 170,000 people , according to the U.S. Opendoor , an instant buyer, went big on Dallas in 2021 and 2022. Census Bureau.

Brokerage 351

Brokerage Realty Marketing Real Estate 351

Housing Wire

AUGUST 24, 2023

That buyer lost $71,000 in purchasing power compared to one year ago when a $500,000 home would have been accessible to them with an average rate of about 5.5%. The combination of high monthly mortgage payments and historically low housing inventory has pushed many would-be homebuyers out of the market,” the report said.

Buyers 356

Buyers Agents Inventory Mortgage 356

Housing Wire

SEPTEMBER 30, 2022

The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Consequently, the Federal Reserve increased the federal funds rate by 75 basis points at its Federal Open Market Committee (FOMC) meeting in September. A year ago at this time, rates averaged 3.01%.

Buyers 458

Buyers Mortgage Loan Officers Retail 458

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

Housing Market 535

Housing Market Marketing Inventory Mortgage 535

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Also, the volume of active listings was higher in 2022 this week, even though we were working from a lower level. However, even with that, the labor market, while getting softer, hasn’t broken yet.

Inventory 519

Inventory Housing Market Marketing New Listings 519

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% in September 2022. The overall U.S. It did not hit 6.7%

Housing Market 427

Housing Market Marketing Inventory Sellers 427

Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. The benefits of homeownership only accrue if first-time buyers can both successfully purchase a home at a reasonable price and remain in it for the long-term, weathering various economic cycles.

Finance 344

Finance Buyers Insurance Housing Market 344

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. The lender and LO can make or break the transaction.”

Agents 389

Agents Buyers Loan Officers Real Estate 389

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 To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million and 6.16 million level. from one year ago.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. The goal is to expand its overall market share to 1% this year from 0.6%.

Loan Officers 351

Loan Officers Marketing Retail Renovations 351

Padove Appraisal Service

DECEMBER 10, 2022

We have seen a combination of few homes offered for sale, and strong buyer demand. Buyers have had difficulty finding a home to purchase at any price. The higher cost of financing a home pushed some buyers out of the market. It also includes the demand side, in the number of homes buyers are willing to purchase.

Marketing 147

Marketing Inventory Buyers Sellers 147

Appraisal Buzz

SEPTEMBER 12, 2022

While many in the housing market are predicting a shift in power to buyers’ favor, that switch may not be coming anytime soon to according to a recent NerdWallet report due to tempered demand due to higher mortgage rates. The post Affordability Decreases for First-Time Buyers appeared first on Appraisal Buzz.

Buyers 195

Buyers Housing Market Appraisal Mortgage 195

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change.

Housing Market 368

Housing Market Marketing Inventory Buyers 368

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? However, for this week, we saw good week-to-week growth and the new listing data for this calendar week isn’t too far off from what we saw in 2022. The red line is where NAR believes a balanced market is, at six months of supply.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. We have often discussed that the housing market dynamics changed starting Nov.

Inventory 458

Inventory Housing Market Marketing New Listings 458