Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. Roughly 47.4% are pessimistic and 14.1% are optimistic.

Housing Market 414

Housing Market Mortgage Marketing Inventory 414

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

Housing Market 449

Housing Market Marketing Training New Listings 449

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. In 2023, not only is Watson Realty’s lead gone, but the company has fallen to 3rd place in listings. Competition heats up In 2019, Watson Realty Corp.

Brokerage 441

Brokerage Realty Real Estate Inventory 441

Housing Wire

DECEMBER 20, 2022

Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S.

Mortgage 404

Mortgage Housing Market Retail Contracts 404

Housing Wire

APRIL 9, 2024

Homebuilders are observing a rise in demand for homes that can accommodate natural aging from Gen X buyers. Gen X buyers are also more likely to have more financial means and control over their potential options, and are keeping access to necessary later-life services in mind when choosing where to live as they get older, the story explained.

Buyers 493

Buyers Construction Realtors Development 493

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

Inventory 493

Inventory Buyers Construction Sellers 493

Housing Wire

FEBRUARY 21, 2024

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. The demand for new construction isn’t waning.

Business 429

Business Construction Design Inventory 429

Housing Wire

FEBRUARY 12, 2024

Throughout 2023, yearly rent growth rates hovered between -2.1% Meanwhile, more apartments are under construction. Buying a house in this market can make sense for more affluent buyers who can afford a large down payment and offset the price of elevated mortgage rates, according to Fairweather. to 17.7%, Redfin reported.

Landlords 423

Landlords Construction Mortgage Marketing 423

Housing Wire

JANUARY 26, 2024

The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62 The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. million and a 15.8% increase between 2024 and 2025 to a pace of 5.35

Contracts 450

Contracts Housing Market Construction Inventory 450

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. Fueling this increase is new construction, according to Divounguy, even though the 1.3% At the same time, builders also adapted to the needs of today’s home buyers who are navigating higher mortgage rates. Over the past year, the value of the U.S.

Housing Market 510

Housing Market Marketing Inventory Construction 510

Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. 15 in the state of Wisconsin by transaction sides, according to the RealTrends 2023 America’s Best list. “As In 2022, the Husky Homes team closed 121 transactions and more than $48.4 million in sales volume. It even ranked No.

Real Estate Agent 404

Real Estate Agent Real Estate Realty Technology 404

Housing Wire

NOVEMBER 22, 2023

The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average. Consumers will reset their expectations, and as rates move lower, there will be both more buyers and more sellers in the market. In a typical year, there are about 5.2

Housing Market 477

Housing Market Marketing Inventory Sellers 477

Housing Wire

MAY 25, 2022

But buyers and sellers aren’t just looking to startups and tech companies to create these experiences; they’re also expecting more innovative services and products from industry incumbents as well, including homebuilders. Smart home features also pique the interest of two-thirds of new build buyers.

Construction 450

Construction Real Estate Buyers Sellers 450

Housing Wire

JANUARY 22, 2024

Construction Coverage , a company that reviews construction software, insurance, and financial products in order to assist property builders, recently released a new report taking a closer look at the divide between baby boomers’ and younger generations’ shares of metropolitan housing markets according to reporting at the Chicago Sun-Times.

Housing Market 412

Housing Market Marketing Construction Insurance 412

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. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year. million to 5.07 million to 5.07

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

APRIL 5, 2024

Since August 2023, the unemployment rate has hovered between 3.7% Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. In March, employment continued to trend up in construction, adding 39,000 jobs month over month. month over month to $34.69 and were up 4.1%

Mortgage 349

Mortgage Transportation Construction Housing Market 349

Housing Wire

MARCH 20, 2024

However, the company still makes the vast majority of its revenue – 75% in 2023 – from the services it provides brokers and agents in the for-sale residential market. Those same investors foresee fewer buyer agents as a result, or at least fewer that will pay for the premium services Zillow offers. .”

Investors 450

Investors Agents Real Estate Buyers 450

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% in 2023 and 5.4%

Housing Market 424

Housing Market Realtors Contracts Buyers 424

Housing Wire

MAY 30, 2023

The annual growth rate in March 2023 was up 0.7%. The modest increases in home prices we saw a month ago accelerated in March 2023,” Craig Lazzara, the managing director at S&P DJI, said in a statement. increase in home prices in the first quarter of 2023 from the first quarter in 2022. before seasonal adjustment.

Mortgage 404

Mortgage Inventory Construction New Listings 404

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. Today, the average is 2.7

Realtors 424

Realtors Buyers Inventory Sellers 424

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 404

Business Loan Officers Clients Inventory 404

Housing Wire

DECEMBER 12, 2023

Research from the AEI Housing Center found that these buydowns are not only an effective tool to qualify income-constrained buyers and alleviate excess inventory, but they have also allowed builders to forgo home price cuts. As affordability worsened, potential buyers were forced to pull back. 2022 to Dec.

Tools 414

Tools Inventory Sellers Buyers 414

Housing Wire

APRIL 15, 2024

March was the second month of accelerating inflation and the most significant jump since August 2023. At the end of 2023, they anticipated six rate cuts for the year. On average, independent mortgage banks (IMBs) lost $2,109 per loan in Q4 2023, the MBA reported. in March compared to a year earlier. in second-quarter 2024.

Mortgage 450

Mortgage Retail Buyers Investors 450

Housing Wire

JULY 27, 2023

in 2023 before increasing to 4.1% Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” “Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.”

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

MAY 2, 2024

His portfolio is concentrated on purchase loans (98% of the total volume in 2023) for first-time homebuyers. But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said.

Loan Officers 413

Loan Officers Mortgage Retail Lending 413

Appraisal Buzz

MARCH 26, 2024

compared with February 2023, according to the U.S. As interest rates subside over the course of 2024, additional home buyers will be priced into the market and new construction will be needed to meet this demand.” “A New home sales were at a seasonally adjusted annual rate of 662,000 in February, down 0.3% Census Bureau.

Mortgage 195

Mortgage Construction Inventory Buyers 195

Housing Wire

JUNE 23, 2023

On Monday, homebuilder confidence moved into positive territory for the first time in nearly a year, while Census data on new residential construction showed housing starts rose 21.7% In fact, the number of units under construction in the United States right now approaches the highest levels recorded in the last 50 years at 1.69

Supply Chain 382

Supply Chain Construction Buyers Mortgage 382

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel. “To

Loan Officers 414

Loan Officers Clients Mortgage Construction 414

Empire Appraisal Group

JULY 27, 2023

Source: [link] Why Don’t More Buyers Consider a Fixer-Upper? In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. Source: Wall Street Journal (06/27/23) Dagher, Veronica © Copyright 2023 INFORMATION INC.,

Buyers 78

Buyers Renovations Real Estate Agent Agents 78

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month.

Construction 382

Construction Real Estate Housing Market Transportation 382

Housing Wire

NOVEMBER 19, 2020

Now, these highly favorable mortgage rates are continuing to bring fresh buyers to the market, said National Association of Realtors chief economist, Lawrence Yun. As a result, Yun said home prices are increasing far too quickly , which may prove difficult for first-time buyers trying to come up with a down payment.

Mortgage 546

Mortgage Construction Valuation Buyers 546

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. Both trends will help some buyers regain purchasing power,” said Kan. said buyers are tired of waiting for lower prices and rates. Nik Shah, CEO of Home LLC.

Mortgage 382

Mortgage Marketing Loan Officers Contracts 382

Housing Wire

AUGUST 4, 2023

Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space.

Marketing 369

Marketing Construction Renovations Home Improvement 369

Housing Wire

APRIL 1, 2024

Turning point A turning point for the home equity investment market came with the closing of the first rated securitization of notes backed by HEAs in September 2023. DBRS Morningstar’s rating of the $224 million securitization opened up new types of bond buyers that have inherently lower costs of capital, Saluda Grade CEO Ryan Craft said.

Finance 433

Finance Investing Real Estate Agent Real Estate 433

Eyes on Housing

APRIL 26, 2023

Interest for new home construction was essentially unchanged between the final quarter of 2022 and the first quarter of 2023, as the share of prospective buyers looking to buy a newly built home barely edged from 20% to 21%.

Construction 179

Construction Buyers 179

Housing Wire

FEBRUARY 15, 2024

Regarding its sources and methodology, Redfin defines homeowner tenure as “the number of years between the most recent sale date of a home and December 1, 2023.” Long homeowner tenure, particularly among baby boomers, is an obstacle for young first-time buyers trying to break into the market,” the report read. “A

Property Taxes 457

Property Taxes Insurance Construction Inventory 457

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). Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78