Housing Wire

FEBRUARY 15, 2024

“We are excited about how we are set up for 2024 and beyond,” CEO Carrie Wheeler told investors and analysts listening to the firm’s Q4 2023 earnings call on Thursday evening. Indicative of Opendoor’s scaled-back approach to business was the fact that it bought just 11,246 homes in 2023, compared to 34,962 homes in 2022.

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Business Advertising Inventory Contracts 416

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.

Real Estate 98

Real Estate Marketing Sellers Inventory 98

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. presentation slide for investors in the SPAC that took it public, also in 2020. By the time it sold its final home in September 2022, the division had lost more than $1.5 “The largest, undisrupted market in the U.S.,”

Marketing 417

Marketing Inventory Renovations Investors 417

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. The Guide to Accelerating Closings in 2022. Net income, however, was a different story.

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Insurance Investing Marketing Business 383

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 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

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.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

APRIL 28, 2023

For Old Republic , the softer market results in total revenue falling from $2.207 billion in Q1 2022 to $1.759 billion in Q1 2023. The title segment also saw its pretax operating income fall from $81 million during the first quarter of 2022 to $17 million in the first quarter of this year. million, compared to $306.3

Insurance 382

Insurance Real Estate Inventory Investors 382

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.

Real Estate 454

Real Estate Advertising Agents Realtors 454

Housing Wire

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. billion in quarterly revenue, but the vast majority of that is from home sale commissions, which largely are returned to the company’s independent contractor real estate agents. Realogy generated $1.6

Mortgage 370

Mortgage Brokerage Agents Real Estate Agent 370

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

Inventory 509

Inventory Housing Market Marketing Realtors 509

Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If The one property that Zillow flipped in Tampa in Q4 2022 sold for a whopping $173,000 less than its purchase price.

Housing Market 383

Housing Market Renovations Marketing Retail 383

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. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event.

Buyers 475

Buyers Realtors Inventory Sellers 475

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly. Congratulations!” You just sold your house.” And that was that! A little backstory: The four-bed, 1.5

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Agents Real Estate Agent Brokerage Real Estate 407

Mashvisor

MARCH 26, 2022

The South Florida real estate market is hot in 2022. Inventory remains low, home prices continue to rise, and the demand for housing stays high. Table of Contents What Drives…

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Real Estate Marketing Inventory Landlords 63

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 427

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 406

Mortgage Marketing Investors Lending 406

Housing Wire

AUGUST 9, 2023

Even with the uncertainty of where the housing market and mortgage rates are headed in the next few months, Nolan said this underlying demand makes him feel cautiously optimistic about the future of the real estate industry as a whole. This positioned us well given the low inventory coming into 2023.”

Insurance 370

Insurance Housing Market Inventory Real Estate 370

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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Inventory New Listings Housing Market Sellers 527

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.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

AUGUST 3, 2023

Investors assessed the state of the U.S. Some economists say that this development contributed to drive up the 10-year treasury yield to its highest level since November 2022. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” The following day, the U.S.

Mortgage 370

Mortgage Inventory Government Buyers 370

Mashvisor

JULY 1, 2022

In the past few years, the housing inventory saw some of its biggest shortages, shaping the entire housing market across the US. But is it recovering in 2022? Table of…

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Inventory Housing Market Marketing Real Estate 69

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. Job openings decreased to 9.9 Bureau of Labor Statistics published Tuesday.

Mortgage 462

Mortgage Investors Buyers Inventory 462

Housing Wire

FEBRUARY 9, 2022

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million sales print on Wednesday is in line with my 2022 forecast sales range between 5.74 2014 was the last year total inventory grew.

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Housing Market Marketing Inventory Mortgage 487

Empire Appraisal Group

JUNE 2, 2022

Is FOMO Fueling the Real Estate Market? Source: Is FOMO Fueling the Real Estate Market? Rising interest rates and higher home prices would normally cool a hot housing market, yet the national and local real estate scenes continue to run red hot. . Florida Realtors. By Amber Randall. FORT LAUDERDALE, Fla.

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Real Estate Marketing Housing Market Investors 78

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 395

Housing Wire

FEBRUARY 15, 2023

Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023. Combined with declining rates and a lack of inventory in his market, Steinway said a seller’s market has returned. People were inquiring about getting a loan with me on my very first day,” Steinway said.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

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.

Marketing 427

Marketing Mortgage Investors Sellers 427

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. . The share of non-primary residence buyers is now at 16% from a high of 22% in January 2022.

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Realtors Housing Market Marketing Buyers 395

Housing Wire

JANUARY 4, 2022

The new facilities are revolving, and we borrow only what we use to add inventory, where we continue to apply our disciplined approach to underwriting homes,” a spokesperson said. “In Offerpad is a six-year-old company founded by its current CEO Brian Bair, a longtime real estate investor.

Logistics 437

Logistics Renovations Market Value Real Estate 437

Housing Wire

SEPTEMBER 22, 2022

Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Even though 2019 inventory levels were historically low, they were at four-decade lows before 2020; they’re a more effective pricing market.

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Inventory Housing Market New Listings Mortgage 454

Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

JULY 28, 2023

“We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call. million in pretax income recorded during the second quarter of 2022. The title segment’s quarterly revenue of $1.53

Insurance 369

Insurance Investors Development Housing Market 369

Housing Wire

SEPTEMBER 8, 2022

This can lead to home prices getting out of control , especially when total inventory gets to all-time lows. We finally paid the price — pun intended — of not having enough product, with massive home price gains from 2020-2022. million homes for sale, but in 2022 we got as low as 870,000 in total inventory.

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Inventory Law Housing Market Design 544

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. Real estate investors are buying up a sizable chunk of today’s affordable homes. It dropped 17% year over year in June. The cost of financing a median-priced U.S. The typical U.S.

Buyers 370

Buyers Housing Market Investors Real Estate 370

Housing Wire

MAY 19, 2022

This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. The real story in housing has been the price boom that we have seen since 2020. Inventory is always seasonal. Today inventory levels are at 1.02 Unsold inventory sits at a 2.2-month

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Housing Market Marketing Inventory Realtors 523