Inman

FEBRUARY 5, 2024

percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.

New Listings 156

New Listings Contracts Inventory Real Estate 156

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. of homes that were under contract, the highest rate on record. Although pending sales fell 4.8%

Buyers 414

Buyers Sellers Contracts Mortgage 414

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. Still, 22 of contracts terminating isn't a anything to ignore. As inflation runs roughshod over the country, there are multiple factors playing a role in contracts terminating. Can Sellers Sue? in Apr '20.

Contracts 52

Contracts Sellers Buyers Agents 52

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 403

Inventory Realtors New Listings Contracts 403

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 414

Buyers Mortgage New Listings Real Estate Agent 414

Housing Wire

MARCH 27, 2023

In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. That’s a significant decline from February 2022, when 38% of homes in Austin were under contract within two weeks of being listed. Sellers are locked in because they can’t justify giving up a 2.9%

Housing Market 379

Housing Market Marketing Contracts Buyers 379

Housing Wire

AUGUST 3, 2023

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. Total operating expenses declined to $217 million, compared to $294 million in Q1 2023 and $454 million in Q2 2022. housing market,” Wheeler said.

Inventory 366

Inventory Contracts Sellers Housing Market 366

Listing Spark

JUNE 21, 2022

So, if you’re thinking of selling a home in 2022, here are a few tips to help you get started and navigate the housing market successfully. The good news for sellers is that the Texas median list price is up over 18% YOY. So, don’t panic if your home doesn’t have a contract in the first week or two of being on the market. .

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

FEBRUARY 9, 2023

Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,” Chuck Williams, president and CEO, said in a statement. billion in the first nine months of 2022, accounting for 41.7% billion in 2022 from the previous year’s volume of $7.29

Lending 381

Lending Business Retail Client Relationships 381

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. At the height of the spring market, the typical home had 5.5

Buyers 471

Buyers Realtors Inventory Sellers 471

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? Now two years later , 2022 started with the lowest inventory EVER recorded and while inventory has grown slightly, This means NOW is a still a great time to list and take advantage of motivated buyers before other sellers really start to saturate the market.

Sellers 67

Sellers Realtors Buyers Inventory 67

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 397

Technology Legal Mortgage Contracts 397

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022.

Inventory 540

Inventory Housing Market New Listings Marketing 540

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 65

Sellers Realtors Buyers Inventory 65

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. It was in December 2022 that the lender discovered Chikonde’s actions regarding Optimal Blue.

Mortgage 370

Mortgage Marketing Retail Construction 370

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 393

Home Value Housing Market Contracts Sellers 393

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. That’s up 2.4%

Sellers 488

Sellers Marketing Inventory Contracts 488

Housing Wire

MARCH 8, 2023

The demand, according to Fullmer, also increased because some borrowers realized that “eventually, when rates drop, it will go back to a seller’s market, and buyers will lose the massive credits and other conditions that they can negotiate now.” But another index measures rates even higher.

Mortgage 381

Mortgage Loan Officers Investors Government 381

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.,” All 20 cities analyzed posted lower price increase in the year ending September 2022 as compared to the year ending August 2022.

Inventory 369

Inventory Contracts Sellers Finance 369

Housing Wire

APRIL 17, 2023

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We We are still seeing properties going under contract quickly, so long as they are priced properly,” he said.

Housing Market 390

Housing Market Marketing Inventory Buyers 390

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 key here are sales; fairly consistent and even the dip in Jan 2022 was higher than Jan 2019. No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now.

Inventory 94

Inventory Contracts Buyers Sellers 94

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

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. The good news, according to both Toohig and Yoon, is that in the second quarter of 2022, so far, the extreme rate volatility has abated.

Marketing 381

Marketing Contracts Technology Mortgage 381

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% Sales Down 18.8%

Inventory 53

Inventory Sellers Buyers Real Estate 53

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? Be flexible.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. at the end of 2022. Second, know that even as the housing market resets in 2023, there have been contractions on both the buyer and seller sides. Third, opportunities for both buyers and sellers will vary significantly across local markets.

Housing Market 401

Housing Market Marketing Inventory Buyers 401

Housing Wire

OCTOBER 19, 2022

As of second quarter 2022, the MBA expects the employment cut to be only between 2 and 10%. With homeownership affordability under pressure and mortgage rates and home prices rising, the report urged federal policy makers to refrain from taking actions that contract mortgage credit in this environment.

Mortgage 402

Mortgage Contracts Design Government 402

Housing Wire

JUNE 7, 2022

“These results suggest to us that increased mortgage rates, high home prices and inflation will likely continue to squeeze would-be homebuyers — as well as those potential sellers with lower, locked-in mortgage rates — out of the market, supporting our forecast that home sales will slow meaningfully through the rest of this year and into next.”.

Mortgage 382

Mortgage Housing Market Contracts Construction 382

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. It also allows home sellers to receive top dollar for the home, he said. The product, known as an assumable mortgage, is not new.

Mortgage 382

Mortgage Loan Officers Government Buyers 382

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 389

Buyers Sellers Finance Contracts 389

The Robert Weiler Company

SEPTEMBER 9, 2022

Hiring a real estate lawyer to review all contracts first is best. Another loan option for buying land is a land contract. With a land contract, the seller provides the land buyer with the loan, instead of an institution. With a land contract, the seller provides the land buyer with the loan, instead of an institution.

Real Estate 78

Real Estate Buyers Contracts Development 78

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 380

Inventory Contracts Buyers Sellers 380

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” The lender and LO can make or break the transaction.”

Buyers 393

Buyers Agents Loan Officers Real Estate 393

Listing Spark

DECEMBER 2, 2022

Which is why many sellers try to sell their home “as-is” and avoid the hassle of repairs and improvements. The idea of an as-is sale can appeal to sellers for a lot of reasons. Unfortunately a contract’s “as-is” clause can be confusing for some sellers. There are some grey areas that need consideration.

Contracts 36

Contracts Sellers Inspection Buyers 36

Housing Wire

FEBRUARY 15, 2024

On FHA endorsements for home purchase financing, approximately 40% included down payment assistance in both 2022 and 2023, while the share was roughly 30% in 2021. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in January of 2022.

Inventory 450

Inventory Housing Market New Listings Mortgage 450

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. Amherst’s Bordia said. “…But

Marketing 381

Marketing Investing Mortgage Investors 381