Housing Wire

MAY 14, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price.

Sellers 289

Sellers Realty Insurance Realtors 289

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). in 2023 before increasing to 4.1% in 2023, settling at 4.38 On the flip side, newly constructed home sales are forecast to increase 12.3%

Construction 358

Construction Inventory Realtors Housing Market 358

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 439

Construction Real Estate Buyers Sellers 439

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. home sales during the third quarter (3Q) of 2023, according to a report from Redfin – about the same as one year earlier (35.9%) but up from 27.6% in 2023, down from 40.0% a year earlier.

Sellers 78

Sellers Buyers Agents Contracts 78

Lamacchia Realty

FEBRUARY 6, 2024

has released its “Top Producing REALTORS®,” for January 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by the office with the highest transaction numbers or sales for the month! Additionally, Eileen most recently qualified for the 2023 President’s Club and 2023 President’s Club ELITE.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

MARCH 7, 2023

has released its “Top Producing REALTORS®,” for February 2023! 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! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.

Realtors 73

Realtors Realty Real Estate Clients 73

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

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 370

Loan Officers Clients Mortgage Construction 370

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 387

Business Loan Officers Clients Inventory 387

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

APRIL 9, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. While we took some heat from raising this issue at that time, the proposed Realtor settlement could mean that this now becomes a reality on the ground.

Sellers 437

Sellers Realty Insurance Realtors 437

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. HW: What are the risk management challenges for REO assets?

Business 364

Business Marketing Real Estate Legal 364

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023. year-over-year.

Mortgage 411

Mortgage Loan Officers Buyers Inventory 411

Housing Wire

NOVEMBER 3, 2023

With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. billion in commissions they paid to buyers’ agents in the past eight years. Judge Stephen R.

Real Estate 306

Real Estate Brokerage Buyers Property Management 306

Housing Wire

FEBRUARY 8, 2024

In 2023, Tate was recognized by RealTrends as one of the Best Real Estate Professionals in the United States. Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. Representing the top 1.5% of more than 1.6

Real Estate Agent 387

Real Estate Agent Real Estate Agents Clients 387

Housing Wire

MAY 10, 2023

Lawrence Yun , the National Association of Realtors ’ chief economist, took a stronger stance during the “Residential Economic Issues and Trends Forum” at NAR’s ongoing Legislative Meeting. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline.

Housing Market 363

Housing Market Insurance Realtors Buyers 363

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

Housing Wire

OCTOBER 6, 2023

Some of these professionals spoke to HousingWire during AIME Fuse 2023, an Association of Independent Mortgage Experts conference held Oct. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. 4-7, in Las Vegas.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. Tables have turned for some sellers.

Mortgage 399

Mortgage Sellers Contracts Buyers 399

Lamacchia Realty

APRIL 17, 2024

Potential home buyers may be looking for that extra bit of charm that wood floors offer. Whether drawn to the timeless aesthetics of wood or the practical perks of easy maintenance, it’s evident that many buyers are choosing hardwood floors over carpet or tile. Do Wood Floors Increase Home Value?

Home Value 66

Home Value Buyers Realtors Realty 66

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects. According to the U.S.

Renovations 58

Renovations Supply Chain Construction Home Improvement 58

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . by the end of 2023,” the MBA’s December market-forecast report states. They include a $405.2

Marketing 410

Marketing Investing Investors Landlords 410

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Think of it like a rollercoaster that started in late 2022 and has continued into early 2023.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

JULY 6, 2023

Fannie Mae recently projected originations for 2023 at $1.59 New-home sales are up 20% year over year as of May 2023 while sales of existing homes are down by the same level, resulting in new-home sales accounting for some 30% of total housing inventory. fix-and-flippers] who are willing to sell to a first-time buyer,” he said.

Inventory 455

Inventory Renovations Real Estate Government 455

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Housing Wire

SEPTEMBER 22, 2022

I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. And it’s going to get worse.

Mortgage 381

Mortgage Loan Officers Inventory Retail 381

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. early in 2023 and drop to 7.1%

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). This return of buyers follows a sluggish late 2023. This return of buyers follows a sluggish late 2023. February’s price was 7.6% There is 1.9

Buyers 57

Buyers Construction Sellers Inventory 57

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). An index score of 100 means that a buyer with a median U.S.

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. Additionally, the 2023 National Movers Study conducted by United Van Lines ranked Alabama No. New construction is backed up,” she said. Clearly, Piccinini isn’t the only one who thinks so.

Construction 378

Construction Supply Chain Inventory Agents 378

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The Realtor survey was sent out in late July to 55,751 randomly-selected residential Realtors.

Buyers 415

Buyers Inventory Realtors Finance 415

Lamacchia Realty

JULY 10, 2023

The presence of this harmful construction material can lead to a range of issues from the quality of the property to the health of its inhabitants. With this in mind, buyers need to be thorough and diligent in protecting themselves. The best way you can protect yourself as a buyer is by conducting a thorough inspection of the property.

Inspection 68

Inspection Realty Agents Sellers 68

DataMaster

JANUARY 15, 2021

And according to the National Association of Realtors , the median existing-home price for all housing types in November 2020 was $310,800. Many first-time buyers were pushed out of the market and many current owners contentedly hunkered down and watched the equity in their homes grow. New Home Construction. This is a 14.6%

Appraisal 147

Appraisal Construction Business Real Estate 147

Housing Wire

NOVEMBER 10, 2022

With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. It could be a while. Department of Housing and Urban Development.

Construction 429

Construction Supply Chain Buyers Development 429

Will Springer Realtor

FEBRUARY 13, 2024

The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall. The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. higher than January 2023. more versus January 2023. 1; that’s 2.8%

New Listings 54

New Listings Buyers Inventory Lending 54

Empire Appraisal Group

AUGUST 3, 2023

That means the sales shortfall had shrunk from 723 to 185 by early May 2023. The home sale recovery suggests that many buyers continue to prioritize waterfront views, relatively affordable home prices and lower taxes more than climate concerns. But in the following five months, there were 538 more sales than projected. Bokhari says.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Lamacchia Realty

MAY 19, 2023

These batches were used in thousands of foundations for new construction homes. What Pyrrhotite-Infected Foundations Mean for Homeowners As home buyers and sellers are trying to navigate this already unique real estate market, the crumbling foundation crisis is an add stressor for those trying to buy and sell properties in these areas.

Sellers 62

Sellers Buyers Government Insurance 62