Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 427

Sellers Buyers Real Estate Contracts 427

Housing Wire

NOVEMBER 17, 2023

compared to October 2022, it’s still the smallest annual decline in nearly two years, according to a report from Redfin. Sellers cut prices or offered concessions to get to the closing table. in October 2022. Major life events, such as mariage, divorce or new jobs brought some buyers back to the market. year over year.

Buyers 417

Buyers Sellers Contracts Mortgage 417

Inman

FEBRUARY 5, 2024

In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary.

New Listings 163

New Listings Contracts Inventory Real Estate 163

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.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

JUNE 9, 2022

Lenders saw the value of agency loans made at lower rates — in the 3% range — in 2021 and early January 2022 drop precipitously over the course of the first quarter. That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market.

Marketing 383

Marketing Contracts Technology Mortgage 383

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. Today, high amounts of homeowners equity and demand paired with an extreme shortage of inventory make for very different market conditions compared to the last crash. Hey, real estate fans!

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

NOVEMBER 21, 2023

Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. lower than October 2022 when inventory was at 1.22 months in October 2022.

Inventory 407

Inventory Realtors New Listings Contracts 407

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. home sale price rose 3% year over year to $420,846 in August, the largest annual increase since October 2022.

Buyers 417

Buyers Mortgage New Listings Real Estate Agent 417

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home. Appraisals below contract price will continue to be a challenge in 2022.

Contracts 98

Contracts Appraisal Sellers Buyers 98

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. At the height of the spring market, the typical home had 5.5

Buyers 475

Buyers Realtors Inventory Sellers 475

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion and to nearly $9.3

Marketing 383

Marketing Investing Mortgage Investors 383

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. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

Housing Market 533

Housing Market Buyers Marketing Real Estate Agent 533

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Hank Miller Team

JULY 18, 2022

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Atlanta is over the national average but well off the leaders at 17th of the sampled markets. Still, 22 of contracts terminating isn't a anything to ignore. Can Sellers Sue? Can a seller sue the buyer?

Contracts 52

Contracts Sellers Buyers Agents 52

Housing Wire

FEBRUARY 2, 2024

. “2023 was one of the more challenging origination markets in recent history, with industry volumes down approximately 40% from 2022 and unit originations at their lowest level since 1990,” David Spector, chairman and CEO, told analysts during a call on Thursday afternoon. million in the same quarter of 2022.

Technology 406

Technology Legal Mortgage Contracts 406

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. However, in many areas of the country it does remain a seller’s market.

Realtors 395

Realtors Housing Market Marketing Buyers 395

Housing Wire

AUGUST 3, 2023

Opendoor continued to feel the market’s headwinds in the second quarter of 2023, which led to fewer homes sold and lower revenues in the period. The firm’s revenues came in at $2 billion in the second quarter of 2023, down 37% compared to the previous quarter and 53% related to 2Q 2022. housing market,” Wheeler said.

Inventory 370

Inventory Contracts Sellers Housing Market 370

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising.

Sellers 492

Sellers Marketing Inventory Contracts 492

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. mortgage market was ripe for refinancing, but today closer to 10%. . RTC), closed 747 S&Ls with assets of more than $407 billion. .

Mortgage 370

Mortgage Marketing Buyers Sellers 370

Housing Wire

MARCH 8, 2023

In addition, loan officers said that investors took advantage of a slower market. ” Who is jumping into the market? “We’re seeing a lot more investors enter the market to secure a better deal while competition is low,” Fullmer said. from the week prior. retail residential mortgage applications.

Mortgage 383

Mortgage Loan Officers Investors Government 383

Housing Wire

JANUARY 2, 2023

These declines, of course, came after very strong price increases in late 2021 and the first half of 2022,” Craig Lazzara, the managing director of S&P DJI , said in a statement. All 20 cities analyzed posted lower price increase in the year ending October 2022 as compared to the year ending September 2022.

Home Value 395

Home Value Housing Market Contracts Sellers 395

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? There are questions about housing market health and what the market is actually doing. Take Action to Sell and Action to Buy- Many times “Want-to-Be” sellers and buyers don’t take one step without the other and all that does is hold you back.

Sellers 67

Sellers Realtors Buyers Inventory 67

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

NOVEMBER 29, 2022

As has been the case for the past several months, our September 2022 report reflects short-term declines and medium-term deceleration in housing prices across the U.S.,” As a result, prices might not continue to plunge down as much as some projections anticipate— as the available inventory of homes on the market is constrained.”.

Inventory 370

Inventory Contracts Sellers Finance 370

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? The charts below focus on key indicators; number of listings, number of sales, days on market and sale to list ratio. The broad market was strong and largely balanced through Jan 2020.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

JUNE 7, 2022

Consumers’ concerns about housing affordability are squeezing would-be homebuyers out of the market, according to Fannie Mae ‘ s Home Purchasing Sentiment Index , which tracks the housing market and consumer confidence to sell or buy a home. The index score dropped by 0.3 points to 68.2

Mortgage 383

Mortgage Housing Market Contracts Construction 383

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. 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. So why is this program so rare?

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Housing Wire

APRIL 25, 2023

below its June 2022 peak.” Inventory has remained low as sellers are locked into their low mortgage rates, even as many home buyers are turned away from this market due to affordability constraints amid volatile mortgage rates,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. in February, and now stands 4.9%

Inventory 395

Inventory Contracts Buyers Sellers 395

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. In 2022, there were fewer sales in Connecticut than in 2021, down 18.8%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Housing Wire

OCTOBER 19, 2022

With the mortgage origination market forecast to downsize by 40% this year from 2021 and mortgage rates topping 7% in October, lenders big and small have laid off its employees across multiple rounds of layoffs. As of second quarter 2022, the MBA expects the employment cut to be only between 2 and 10%.

Mortgage 407

Mortgage Contracts Design Government 407

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million to 1.28

Inventory 454

Inventory Housing Market New Listings Mortgage 454

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. Historically, in a balanced market, comps sold within six months were acceptable to use. Comps in the Post-COVID Market.

Marketing 70

Marketing Sellers Buyers Market Value 70

Raleigh Realty

JULY 31, 2022

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. This is one of the steps that happen after you go under contract and sometimes can happen prior to.

Inspection 148

Inspection Sellers Real Estate Agent Buyers 148

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Birmingham Appraisal

MAY 11, 2022

So How’s The Birmingham Housing Market? With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. The number of homes sold is a key indicator of market activity. Days on Market. Number of Homes Sold. Median Sales Price.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

Housing Wire

SEPTEMBER 23, 2022

Women make up 66% of all Realtors, according to the National Association of Realtors ‘ 2022 Member Profile , but hold just a fraction of executive leadership positions throughout the industry. HW Media : What do you think will be the big themes for the housing market in 2022-2023?

Real Estate Agent 370

Real Estate Agent Agents Real Estate Realtors 370

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). Some housing markets may see an uptick in homebuying activity at the beginning of the year, especially if mortgage rates continue receding from a recent high of 7%. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78