Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. In 2023, 4.09 Prospective homebuyers have been shut out of the market by a lack of inventory. Compared to a month ago, housing inventory was down 11.5%

Inventory 433

Inventory Realtors Housing Market Construction 433

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? trillion in 2023 will look awfully rosy. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.”

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1.

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Retail Sellers Buyers Market Value 483

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 488

Inventory Housing Market Realtors Mortgage 488

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. 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.

Buyers 471

Buyers Realtors Inventory Sellers 471

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers.

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Real Estate Agent Real Estate Agents Sellers 404

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges.

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Mortgage Marketing Loan Officers Real Estate Agent 392

Housing Wire

JUNE 27, 2023

According to HousingWire ‘s Q3 2023 LenderPulse survey, industry workers said they would cut down on marketing spend and tools, as well as reduce additional headcount, if they had to further contain costs. Other responses included cutting down excessive incentives, business trips, open houses and sponsorships.

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Mortgage Marketing Tools Open Houses 370

Housing Wire

MAY 15, 2024

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. million by October of 2023 (when rates crossed over 8%). million fewer home sales between March 2022 and December 2023.

Mortgage 409

Mortgage New Listings Inventory Sellers 409

Housing Wire

MARCH 24, 2023

2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. of all Realtors. 1 spot in transaction sides for the past four years.

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Brokerage Real Estate Realty Agents 433

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgage 433

Mortgage Real Estate Agent Inventory Housing Market 433

Housing Wire

DECEMBER 14, 2022

Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts. by the end of 2023, according to fresh projections, up from an estimate of 3.9% by the end of 2023, dropping slightly from the projected 7.5%

Mortgage 414

Mortgage Housing Market Buyers Sellers 414

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Pending home sales rose 8.3% in November.

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Contracts Housing Market Construction Inventory 450

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. Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1

Inventory 424

Inventory Housing Market Realtors Buyers 424

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Homes sitting on the market for more than 60 days can be purchased for around 10% less than the original list price.”

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Inventory Buyers Housing Market Contracts 370

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

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Renovations Realtors Construction Mortgage 404

Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. However, market activity is still projected to remain well below typical levels. However, market activity is still projected to remain well below typical levels.

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Buyers Housing Market Sellers Inventory 464

Housing Wire

NOVEMBER 1, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% Even though the Fed did not hike its rates during its last meeting, FOMC members had a very hawkish tone about the future, which took markets by surprise. “It’s for a third time this year.

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Finance Mortgage Realtors Investors 424

Housing Wire

MAY 2, 2024

While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. million in Q1 2023. It’s also a dip compared to Q4 2023 when eXp boasted 87,515 agents. In Q1 2024, the company reported a $15.6

Realty 421

Realty Brokerage Agents Real Estate 421

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. Among this group, about one in four agreed to purchase their home “as is.”

Real Estate Agent 442

Real Estate Agent Agents Real Estate Buyers 442

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). in 2023, reaching an annual rate of 670,000. in 2023, to $430,800, and increase by 3.5% in 2023, reaching an annual rate of 4.15 in September.

Inventory 404

Inventory Contracts Housing Market Realtors 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). “The bond market is forcing the Fed to pivot.”

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). in 2023 and 5.4% year over year in 2023 to a total of 4.47 year over year in 2023 before posting a 19.4%

Housing Market 424

Housing Market Realtors Contracts Buyers 424

Housing Wire

NOVEMBER 8, 2023

The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. “The largest, undisrupted market in the U.S.,” “The largest, undisrupted market in the U.S.,” The Opendoor presentation projected sales of more than 37,500 homes in 2023.

Marketing 414

Marketing Inventory Renovations Investors 414

Housing Wire

OCTOBER 26, 2023

Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. However, Realtor.com Senior Economic Research Analyst Hannah Jones expects home sales activity to hover at a low level until the end of 2023. million units sold.

Mortgage 442

Mortgage Inventory Housing Market Realtors 442

Housing Wire

OCTOBER 31, 2023

home prices continued to rise in August 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement. in August, which marks the seventh consecutive monthly gain since prices bottomed in January 2023. in September year over year to $394,300, according to the National Association of Realtors.

Inventory 471

Inventory Housing Market Contracts Realtors 471

Lamacchia Realty

JANUARY 3, 2024

Amy Wallick Discusses 2024 Housing Market on NBC News Boston Amy Wallick was recently featured on an NBC News Boston segment, where she discusses what we can expect in 2024 for the housing market.

Housing Market 58

Housing Market Marketing Realtors Realty 58

Housing Wire

JANUARY 5, 2024

The National Association of Realtors saw its membership numbers drop 1.11% during the last month of the year, as 17,489 former members let their membership lapse. 31, 2023, NAR lost 26,367 members, a 1.67% annual decline, according to NAR’s monthly membership report. The trade group closed out 2023 with 1,554,604 members.

Agents 441

Agents Realtors Inventory Housing Market 441

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. This scenario is similar to 2023 when rates fell. NAR: Total housing inventory registered at the end of March was 1.11 This is never a good thing for housing.

Inventory 483

Inventory Housing Market New Listings Buyers 483

Housing Wire

FEBRUARY 13, 2024

The deal, in addition to existing agreements with the Realty Alliance and the National Association of Realtors , brings ICE’s MLS data coverage to more than 90% of active listings across the country. In January 2023, REdistribute announced that it had secured data coverage for 50% of the residential real estate properties in the country. “Our

Real Estate 404

Real Estate Realty Brokerage Technology 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. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 424

Realtors Buyers Inventory Sellers 424

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). This spring represents a window of opportunity for buyers and sellers who want to enter the market.” Data released Thursday by the National Association of Realtors (NAR) revealed a 4.3% decline in U.S.

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Realtors Inventory Real Estate Sellers 409

Lamacchia Realty

JANUARY 11, 2024

has released their “Top Producing REALTORS®,” for all of 2023! This program recognizes the Top 10 REALTORS® out of the over 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Lamacchia Realty, Inc.

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Realtors Realty Real Estate Agents 66

Housing Wire

APRIL 9, 2024

David O’Reilly, CEO of Howard Hughes Holdings which constructs planned communities, describes the market being “at the cusp,” saying that the demand appears to be coinciding with more members of Gen X nearing a time where they will become “empty nesters.” That’s normally the tipping point,” O’Reilly told the Times. “In

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Buyers Construction Realtors Development 493

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%. The year 2023 is going to be a little bit different. Connie Kim: Then who are your main referral partners – Realtors?

Business 404

Business Loan Officers Clients Inventory 404

Housing Wire

NOVEMBER 2, 2023

Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not the one their firm was recently named as a defendant in. Kelman said Redfin could use that technology to market properties listed by Redfin directly to consumers.

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Agents Technology Housing Market Training 441