Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. Many home builders are offering incentives to buyers, sweetening the deal just enough to bump sales from the month prior.”

Construction 423

Construction Contracts Buyers Development 423

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. About 37% of respondents were spending money in social media and 34.8%

Housing Market 371

Housing Market Mortgage Marketing Inventory 371

Housing Wire

APRIL 3, 2024

Millennials replaced baby boomers as the largest group of homebuyers in 2023. The generational tug-of-war between millennials and baby boomers continued this year, with millennials rebounding to capture the largest share of home buyers,” Jessica Lautz, NAR deputy chief economist and vice president of research, said in a statement.

Marketing 504

Marketing Buyers Sellers Realtors 504

Housing Wire

FEBRUARY 28, 2024

With its newest influx of capital, EasyKnock aims to advance the development of its platform by honing its suite of products. We’re proud to have Northwestern Mutual on board, as this round will enable us to turbocharge our product development and expand the ways we support our customers in the very near future.”

Investors 352

Investors Investing Development Buyers 352

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

Real Estate Agent 454

Real Estate Agent Agents Real Estate Buyers 454

Housing Wire

FEBRUARY 5, 2024

An estimated 668,000 new homes were sold in 2023, 4.2% Department of Housing and Urban Development. In the fourth quarter of 2023, almost 32% of U.S. High interest rates, rising inflation , growing labor costs and worker shortages weighed the most on homebuilders in 2023, and they’re poised to remain top of mind in 2024.

Construction 382

Construction Housing Market Buyers Sellers 382

Housing Wire

OCTOBER 20, 2023

Particularly in the 2023 economy, with interest rates on mortgage rates stubbornly perched around 7.5% Top real estate lead generation ideas for 2023 Digital real estate lead generation ideas According to the National Association of Realtors (NAR), roughly 96% of homebuyers use the internet in their home search.

Real Estate 369

Real Estate Tools Open Houses Advertising 369

Housing Wire

FEBRUARY 29, 2024

This is according to an analysis conducted by Point2 , which examined metrics including single-family and multifamily completions in 2023, as well as corresponding permits issued. Bureau of Labor Statistics from 2013 to 2023. The findings are based on historic data from the U.S. Census Bureau and the U.S.

Inventory 385

Inventory Supply Chain Construction Buyers 385

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

Renovations 329

Renovations Buyers Development Insurance 329

Housing Wire

AUGUST 21, 2023

Magazine list of the 5,000 fastest growing private companies in America declined in 2023. It was ranked the 98th-fastest growing private company in America in 2023. Interestingly, none of the top three companies on the 2023 list made the cut in 2022. 658 in the 2023 Inc. The self-reported list ranks U.S. 5000 edition.

Real Estate 350

Real Estate Real Estate Agent Technology Investors 350

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 489

Buyers Construction Realtors Development 489

Housing Wire

MAY 15, 2024

With mortgage rates hovering north of 7% for the past few months, builder confidence declined for the first time since November 2023. This will further increase the cost of construction in a market that sorely needs more inventory for first-time and first-generation buyers.” In May, 25% of builders cut prices, up from 22% in April.

Buyers 332

Buyers Housing Market Insurance Construction 332

Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). 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. In August, the sales pace of new homes fell 8.7%

Inventory 473

Inventory Buyers Construction Sellers 473

Housing Wire

FEBRUARY 15, 2024

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) climbed four points to 48 in February, its highest level since August 2023. More builders are removing price cuts In February, 25% of builders reported applying price cuts, down from 31% in January and 36% in the last two months of 2023.

Buyers 380

Buyers Housing Market Construction Inventory 380

Housing Wire

MARCH 8, 2024

The HPSI increased for the third straight month, continuing its slow but steady rise from the low-level plateau observed through much of 2023; and consumer sentiment toward housing now rests firmly above where it was this time last year,” Doug Duncan, Fannie Mae senior vice president and chief economist, said in a statement. trillion in 2023.

Housing Market 461

Housing Market Development Mortgage Buyers 461

Appraisal Buzz

APRIL 23, 2024

compared with March 2023, according to estimate from the U.S. Department of Housing and Urban Development. Rates moving above 7 percent, however, will move some home buyers to the sidelines as the spring progresses.” New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% about an 8.3-month

Mortgage 369

Mortgage Inventory Development Finance 369

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. However, it often yields quicker results as it entails direct engagement with potential buyers and existing property owners. It could be next week, it could be next year. The people are already hanging out there.

Real Estate 388

Real Estate Tools Real Estate Agent Open Houses 388

Lamacchia Realty

JULY 21, 2023

After spending over a year as a REALTOR with Lamacchia Realty, Chris Rochon has made the exciting jump to the Business Development team. Chris served buyers and sellers in the Greater Merrimack Valley area during his time as a REALTOR. He always loved working with people, getting to know the other REALTORS just as well as his clients.

Development 69

Development Business Realty Realtors 69

Appraisal Buzz

MAY 23, 2024

compared with April 2023, according to estimates from the U.S. Department of Housing and Urban Development. New home sales in April were at a seasonally adjusted annual rate of 634,000, a decrease of 4.7% compared with March and down 7.7% Census Bureau and the U.S. The average sales price was $505,700.

Mortgage 221

Mortgage Construction Buyers Inventory 221

Housing Wire

FEBRUARY 1, 2024

Judd and Aaron’s respective leadership is key as we continue on EasyKnock’s path to develop the first marketplace in the industry,” Jarred Kessler, CEO and founder of EasyKnock, said in a statement. In May 2023, the company gobbled up Ribbon , a power buyer firm.

Technology 343

Technology Development Brokerage Design 343

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier. JI: The short answers are innovation and education. 1 non-QM lender?

Lending 329

Lending Development Investors Finance 329

Housing Wire

MAY 13, 2024

The addition of HomePace follows a string of other proptech startup purchases undertaken by EasyKnock since 2023. It acquired home equity co-ownership firm Balance Homes in December 2023, home maintenance company Onder in September 2023 and cash-offer platform Ribbon in May 2023.

Investing 330

Investing Tools Legal Law 330

Housing Wire

FEBRUARY 26, 2024

The average cost of a policy increased 40% in 2023 alone, according to a report by Redfin. On the demand side, buyers are wary of purchasing a condo since it has become less affordable. It’s causing buyers to rethink their plans.” And homeowners insurance costs are three times higher in Florida than the national average.

HOA 459

HOA Law Insurance New Listings 459

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Were there additional layoffs in 2023? But there have been rough points for the lender recently, too.

Retail 294

Retail Business Agents Loan Officers 294

Inman

JANUARY 9, 2023

Proptech DropOffer, a company that developed an app to help agents assist buyers in off-market transactions, predicts the number of selling alternatives on the market will result in an increase in non-MLS deals in 2023.

Marketing 126

Marketing Buyers Development Agents 126

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 357

Supply Chain Construction Inventory Finance 357

Housing Wire

APRIL 2, 2024

The goal is to help them develop this territory and use this platform to attract talent – established loan officers, up and coming loan officers,” Steinway said in an interview with HousingWire. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 343

Loan Officers Retail Finance Buyers 343

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 Both buyers and sellers are coming back to the market,” Fischer said.

Housing Market 396

Housing Market Marketing Inventory Construction 396

Housing Wire

MAY 3, 2024

“The key difference between our business model and that of many of our peers is that our model incentivizes agents to help buyers and sellers reach their housing goals, while some other models have incentivized their agents to recruit other agents, many of whom are not productive.” million in Q1 2023. annual decline in revenue to $78.3

Agents 325

Agents Real Estate Training Buyers 325

Housing Wire

MARCH 6, 2024

Should mortgage rates fall, demand for residential real estate would increase, encouraging buyers who had been waiting on the sideline to move forward with home purchases,” according to the Beige Book. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%.

Mortgage 348

Mortgage Real Estate Inventory Construction 348

Housing Wire

FEBRUARY 26, 2024

Department of Housing and Urban Development ( HUD ). rise from the January 2023 pace of 649,000 units sold. Mortgage rates rose last week to their highest level since mid-December, but homebuilders continue to navigate this landscape by offering interest rate buydowns and other concessions to buyers. Census Bureau and the U.S.

Construction 406

Construction Development Housing Market Government 406

Housing Wire

JANUARY 19, 2024

Local community developers bidding on foreclosures in the second half of 2023 are signaling a slowdown in U.S. Bidding behavior for foreclosure properties on Auction.com in the first quarter of 2023 reliably predicted a rebound in retail home price appreciation in the third quarter of 2023.

Retail 398

Retail Marketing Realtors Real Estate 398

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). rise from the February 2023 pace of 625,000 units sold. Builder confidence, as measured by a survey from the National Association of Home Builders (NAHB), improved to a reading of 51 in March , its highest level since July 2023. Census Bureau and the U.S. from a year ago.

Construction 368

Construction Inventory Housing Market Finance 368

Housing Wire

OCTOBER 17, 2023

With mortgage rates nearly touching 8%, builder confidence dropped four points in October, falling to its lowest point since January 2023, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported on Tuesday. The gauge measuring traffic of prospective buyers declined to 26.

Mortgage 385

Mortgage Buyers Housing Market Construction 385

Housing Wire

OCTOBER 31, 2023

The letter, sent specifically to USDA’s Rural Housing Service (RHS), addresses a proposed rule aiming to expand financing options for manufactured home buyers and supports three key changes it would make. Unfortunately, the RHS GLP guaranteed only 146 manufactured homes in 2022 and 177 manufactured homes in 2023,” the letter stated.

Finance 368

Finance Buyers Construction Inventory 368

Lamacchia Realty

MARCH 21, 2024

March 18, 2024 – The Wall Street Journal has quoted Anthony Lamacchia in their new article regarding the buyer commission lawsuit that the National Association of REALTORS® has been fighting over the last several months. Anthony emphasizes the importance of coaching REALTORS® so they can adjust to this change seamlessly.

Development 60

Development Realtors Government Buyers 60

Housing Wire

MAY 23, 2023

A look back: The early 2023 housing slowdown Bidding behavior on the Auction.com platform provides one of the best barometers of the retail housing market because the success and livelihood of these bidders depends heavily on them accurately anticipating what the retail market will look like in the next six months. million in April.

Housing Market 405

Housing Market Marketing Retail Sellers 405