Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Compared to November 2022, existing home sales retreated 7.3%, down from 4.12 A marked turn can be expected as mortgage rates have plunged in recent weeks.”

Inventory 391

Inventory Housing Market Realtors Buyers 391

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 419

Realtors Buyers Inventory Sellers 419

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 404

Housing Market Marketing Supply Chain Mortgage 404

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

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

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively. The overall U.S.

Buyers 405

Buyers Inventory Realtors Mortgage 405

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. million, according to the N ational Association of Realtors. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 lower than October 2022 when inventory was at 1.22

Inventory 394

Inventory Realtors New Listings Contracts 394

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. offers, according NAR’s REALTORS® Confidence Index.

Buyers 469

Buyers Realtors Inventory Sellers 469

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5% points from the 7.5%

Agents 447

Agents Sellers Buyers Finance 447

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Justin Messer, CEO at Prosperity Home Mortgage.

Mortgage 371

Mortgage Real Estate Real Estate Agent Realtors 371

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. Orlando came closest to the national numbers in 2023 and 2022, and while Miami saw a decline in concessions, it was on par with national ones. in 2022 Orlando : 34.3% in 2022 Tampa : 43.1%

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% million units last month from July, according to the National Association of Realtors (NAR). Will Savage, an LO at PMC Mortgage.

Mortgage 411

Mortgage Loan Officers Buyers Inventory 411

Housing Wire

MAY 23, 2023

Auction.com bidding behavior turned sharply more conservative in the second half of 2022, particularly in the fourth quarter, indicating a mild home price correction of less than 5% nationwide in early 2023. in April 2023, according to the National Association of Realtors (NAR). The national median home price decreased 1.7%

Housing Market 417

Housing Market Marketing Retail Sellers 417

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 432

Mortgage Buyers Loan Officers Marketing 432

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

Buyers 450

Buyers Mortgage Loan Officers Retail 450

Housing Wire

MARCH 22, 2023

January’s typical down payment is down 35% from the high recorded in June 2022, but still up 30% compared to pre-pandemic levels. was recorded in May 2022. in 2022 to 19% in 2023) and San Francisco (23.3% in 2022 to 25% in 2023). In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year prior.

Buyers 395

Buyers Sellers Mortgage Realtors 395

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1. Home sales bottoming out as sellers eventually capitulate on price. percent, according to ATTOM Data Solutions.

Retail 448

Retail Sellers Buyers Market Value 448

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Realtor.com expects mortgage rates to reach 7.1% by the year-end.

Mortgage 414

Mortgage Housing Market Buyers Sellers 414

Housing Wire

NOVEMBER 3, 2023

On Tuesday, shortly after the jury verdict was released, Michael Ketchmark, the lead attorney for the plaintiffs, filed another lawsuit on behalf of three new home sellers, known as the Gibson case. million in Q3 2022). Across its 24 global markets, agent count grew 5% compared to Q3 2022 to more than 89,000 agents.

Buyers 366

Buyers Realty Real Estate Realtors 366

Lamacchia Realty

APRIL 8, 2024

has released its “Top Producing REALTORS®,” for March 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Shauna was also named in the Boston Agent Magazine’s Who’s Who 2022 edition ! Lamacchia Realty, Inc.

Realtors 71

Realtors Realty Real Estate Agents 71

Housing Wire

NOVEMBER 8, 2023

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C., America’s 1.5 17 unless Congress acts.

Legal 341

Legal Law Insurance Real Estate 341

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. Fee pressure was followed by appraisal management company (AMC) requests for revisions (28%) and technology fees (26%), a category that was not included in 2022 survey responses.

Appraisal 369

Appraisal Logistics Valuation Appraisal Process 369

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner. population.

Real Estate Agent 457

Real Estate Agent Real Estate Realtors Buyers 457

Empire Appraisal Group

MARCH 16, 2023

NEWS & MEDIA sorbetto / Getty Images Source: Hard Convincing Sellers Not to Overprice? Use Data | Florida Realtors Hard Convincing Sellers Not to Overprice? Use Data By Jennifer Warner Florida Realtors economist : Many sellers today plan to overprice their home, but overpricing isn’t new. ORLANDO, Fla.

Sellers 78

Sellers Inventory Realtors Clients 78

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

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire.

Inventory 457

Inventory Construction Mortgage Buyers 457

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

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.” 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.”

Buyers 387

Buyers Agents Loan Officers Real Estate 387

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 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 You can see why some sellers are stressed now. million and 6.16

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. All four U.S.

Inventory 481

Inventory Housing Market New Listings Buyers 481

Housing Wire

MARCH 1, 2024

According to the National Association of Realtors ’ (NAR) Housing Affordability Index , since spring of last year, a typical family with a median income have not been able to afford a median-priced home. According to NAR , elevated home prices , mortgage rates and a limited supply of homes are the top barriers to homeownership.

Insurance 367

Insurance Property Taxes Real Estate Sellers 367

Housing Wire

SEPTEMBER 21, 2022

million, according to a report from the National Association of Realtors (NAR) released Wednesday. The softness in home sales reflects this year’s escalating mortgage rates. Higher mortgage rates are discouraging many potential home sellers from listing their property. month over month in August to a rate of 4.80

Inventory 367

Inventory Sellers Realtors Housing Market 367

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Literally, we’re right back to being a seller’s market again.” We feel like we picked up more market share in 2022,” Kechian said. “It’s

Marketing 363

Marketing Inventory Loan Officers Buyers 363

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. million homes sold at the end of September, according to National Association of Realtors data. The broker’s cautious optimism is echoed nationally. on pace for 6.29

Real Estate 441

Real Estate Realty Brokerage Realtors 441

Lamacchia Realty

NOVEMBER 28, 2022

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season.?Their Historically, for home sellers who list in the late summer and early fall, their? Show Me the Facts If you are skeptical, here are the stats from 2017 – 2022.

Sellers 73

Sellers Inventory Buyers Realty 73

Empire Appraisal Group

JULY 14, 2022

About 45% of mortgaged residential properties in the U.S. of mortgaged homes equity-rich), Vermont (68%), Utah (63.6%), Washington (60.9%), and Arizona (60.9%). The states where the share of equity-rich mortgaged homes increased the most in the fourth quarter of 2021 compared to the first quarter of 2022 were: New Mexico: from 35.3%

Sellers 78

Sellers Marketing Market Value Realtors 78

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. While the report was released in February, a new trouble of the housing market has emerged: the rise in mortgage rates.

Housing Market 422

Housing Market Realtors Buyers Inventory 422