Housing Wire

MARCH 2, 2023

And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. The pandemic definitely changed the real estate market ,” Todd Alperin, a Better Homes and Gardens Real Estate The Masiello Group agent based in Southern New Hampshire, said.

Real Estate Agent 395

Real Estate Agent Inventory Real Estate Agents 395

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. billion, up from $6.9

Sellers 383

Sellers Real Estate Realtors Real Estate Agent 383

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

Real Estate Agent 427

Real Estate Agent Real Estate Sellers Buyers 427

Housing Wire

OCTOBER 26, 2023

The partnership extends Offerpad’s reach by allowing seller requests from areas outside of Offerpad’s current markets to be served by certified agents affiliated with the Anywhere Leads Network , a nationwide network of 500 brokers and more than 100,000 real estate agents. “As

Real Estate Agent 406

Real Estate Agent Real Estate Sellers Agents 406

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

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. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

JANUARY 12, 2024

in mid-2022. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat. In the third quarter of 2023, 88.5%

Real Estate Agent 469

Real Estate Agent Sellers Inventory Mortgage 469

Housing Wire

AUGUST 25, 2022

Title insurance underwriter First American has launched a new digital platform for title agents, according to an announcement on Thursday. During the second quarter of 2022 , First American saw a 9% year over year dip in its total revenue for the second quarter, which came in a $2.1 billion.

Agents 405

Agents Real Estate Agent Real Estate Sellers 405

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” million loss in 2022. Martell believes there will not be “a zero commission” market. loanDepot recorded a non-GAAP adjusted net loss of $142.4 million in 2023, smaller than its $457.6

Mortgage 361

Mortgage Real Estate Agent Real Estate Renovations 361

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 454

Finance Real Estate Agent Real Estate Insurance 454

Housing Wire

OCTOBER 27, 2023

In response to the marketplace and at the urging of consumer advocates, NAR began to develop guidance for local MLS broker marketplaces as part of what always has been a very involved and public rule-making process aimed at creating the most consumer-friendly market possible. Real estate agents know city and county property taxes.

Real Estate Agent 462

Real Estate Agent Real Estate Realtors Buyers 462

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. What’s especially interesting is that unlike average or low-performing agents, top-performing agents simply don’t lower their commission rates very often. “I

Agents 407

Agents Real Estate Agent Brokerage Real Estate 407

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. Call or text me with any real estate questions! You’ll want to include the list price, sale price, and days on market.

Real Estate 428

Real Estate Open Houses Brokerage Real Estate Agent 428

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

SEPTEMBER 15, 2023

in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. That rate is up from 14.3% The median U.S. This price was 2.8%

Buyers 417

Buyers Mortgage New Listings Real Estate Agent 417

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

MARCH 13, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. New York City, New York In many ways the spring of 2022 marked the full return of New York City and for a real estate agent like Johnson Tsai, a lead agent at REAL, this meant a massive up-tick in rental demand. “We

Housing Market 370

Housing Market Marketing Tenants Buyers 370

Housing Wire

JULY 25, 2022

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. In March 2022, the median list price of a home was up 21.4%

Housing Market 370

Housing Market Marketing Real Estate Real Estate Agent 370

Housing Wire

FEBRUARY 6, 2024

Assumable mortgages remain a niche market compared to new mortgage issuance. Department of Veteran Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to a report in The Wall Street Journal. But these transactions have grown recently.

Mortgage 449

Mortgage Sellers Advertising Buyers 449

Housing Wire

NOVEMBER 1, 2023

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Clients 427

Clients Agents Buyers Sellers 427

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs.

Agents 395

Agents Buyers Real Estate Agent Mortgage 395

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. I had one client who put down 40 percent.”

Real Estate Agent 195

Real Estate Agent Investors Buyers Real Estate 195

Housing Wire

MAY 4, 2023

Rocket has been cutting expenses and targeting purchase business, but the firm was unable to achieve profitability in Q1 in a shrinking mortgage market. The company’s GAAP net loss in Q1 was $411 million, a decline from 2022 Q4’s $493 million. decline from $19 billion in Q4 2022. Revenue in the first quarter of 2022 was $2.7

Real Estate Agent 395

Real Estate Agent Clients Mortgage Inventory 395

Housing Wire

NOVEMBER 7, 2023

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said.

Agents 405

Agents Real Estate Agent Realtors Brokerage 405

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

Brokerage 445

Brokerage Realty Real Estate Inventory 445

Housing Wire

NOVEMBER 4, 2022

Population growth among Hispanic Americans likely drove the increase, while many White Americans are repeat buyers with housing equity that allows them to make easier trades in today’s market.” Those who have housing equity hold the cards and they’ve fared very well in the current real estate market.

Buyers 395

Buyers Sellers Real Estate Agent Real Estate 395

Housing Wire

MAY 1, 2024

When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. Representatives for Anywhere and Keller Williams declined to comment on the fast-approaching hearing date.

Realtors 412

Realtors Real Estate Agent Real Estate Brokerage 412

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officers 395

Loan Officers Real Estate Agent Real Estate Finance 395

Housing Wire

MARCH 1, 2022

LLR is not a newcomer to mortgage technology or the overall fintech market. million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Clearly, we love that the housing market supports so many professionals and households.

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 395

Buyers Agents Loan Officers Real Estate 395

Housing Wire

MARCH 13, 2024

As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. That just shows you how impactful the cost of insurance is in the real estate market.”

Real Estate Agent 454

Real Estate Agent Insurance Real Estate Agents 454

Housing Wire

JULY 25, 2023

As soon as we find a house that our clients love and we think they are going to write an offer on it, we immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem. Entry level homebuyers are getting hit hardest.

Insurance 370

Insurance Housing Market Marketing Agents 370

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

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. How has business been in the Boston market? Andrew Marquis : Markets are very different from city to city and state to state.

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Inventory Marketing Business Buyers 393

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

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? To become an HW+ member, click here.

Real Estate Agent 370

Real Estate Agent Agents Real Estate Realtors 370

Housing Wire

DECEMBER 28, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. on pace for 6.29

Real Estate 446

Real Estate Realty Brokerage Realtors 446