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. million existing homes were sold, the fewest since 1995.

Inventory 441

Inventory Realtors Housing Market Construction 441

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. How long does it take to get a real estate license in Ohio?

Real Estate 431

Real Estate Real Estate Agent Brokerage Agents 431

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.

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Buyers Realtors Inventory Sellers 479

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

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Real Estate Agent Real Estate Agents Brokerage 421

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The mortgage market is projected to slip further to $2.17 trillion in 2022.

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Housing Market Supply Chain Marketing Inventory 410

Housing Wire

MARCH 13, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. New York City, New York In many ways the spring of 2022 marked the full return of New York City and for a real estate agent like Johnson Tsai, a lead agent at REAL, this meant a massive up-tick in rental demand. “We

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Housing Market Marketing Tenants Buyers 370

Housing Wire

MAY 14, 2024

Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents.

Real Estate Agent 466

Real Estate Agent Agents Real Estate Buyers 466

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 441

Mortgage Real Estate Agent Inventory Housing Market 441

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 429

Realty Brokerage Agents Real Estate 429

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 496

Inventory Housing Market Realtors Mortgage 496

Housing Wire

JULY 25, 2023

The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. After posting a net loss of $138 million in Q1 2023 , the real estate conglomerate rebounded to report $19 million in net income for the second quarter.

Real Estate 369

Real Estate Brokerage Investors Buyers 369

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

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Real Estate Realty Brokerage Technology 410

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). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 458

Real Estate Inventory Sellers Realtors 458

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 421

Mortgage Housing Market Buyers Sellers 421

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 410

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 431

Mortgage New Listings Inventory Sellers 431

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. Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% Of the 155 completed surveys, 32.3%

Mortgage 397

Mortgage Marketing Loan Officers Real Estate Agent 397

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). On a year-over-year basis, sales were down 10.5%, but the 8,790 transactions that closed last month were a positive sign for real estate professionals in the Keystone State. “We Home sales in Pennsylvania jumped 23.6%

Realtors 416

Realtors Inventory Real Estate Sellers 416

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.

Realtors 65

Realtors Realty Real Estate Agents 65

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Realtors & NAR have always had the client’s best interest. Always will too,” one wrote.

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Agents Realtors Clients Real Estate Agent 431

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 432

Inventory Housing Market Realtors Buyers 432

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 432

Realtors Buyers Inventory Sellers 432

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. Buyers have started adjusting their expectations and are ready to get back into the market,” Sturtevant said.

Inventory 370

Inventory Buyers Housing Market Contracts 370

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Real Estate 458

Real Estate Advertising Agents Realtors 458

Lamacchia Realty

SEPTEMBER 7, 2023

has released its “Top Producing REALTORS®,” for August 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! Most recently, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list!

Realty 74

Realty Realtors Real Estate Clients 74

Lamacchia Realty

JULY 7, 2023

has released its “Top Producing REALTORS®,” for June 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! Most recently, Kevin was ranked on the 2023 Real Trends America’s Best Real Estate Professionals list.

Realtors 74

Realtors Realty Real Estate Clients 74

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). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

AUGUST 22, 2023

Ginger Wilcox’s intricate knowledge of the housing market is almost unparalleled. Her industry experience is vast and includes leadership roles across the housing landscape. This extensive background in housing is simply one reason why she’s joining the powerful line-up of HW Annual speakers.

Tools 369

Tools Real Estate Agents Technology 369

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. million, up 12% from 2023’s 4.1 million in 2023. by the year’s end.

Buyers 473

Buyers Housing Market Sellers Inventory 473

Lamacchia Realty

AUGUST 9, 2023

has released its “Top Producing REALTORS®,” for July 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! Most recently, Shauna was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list.

Realtors 62

Realtors Realty Real Estate Clients 62

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 450

Agents Realtors Inventory Housing Market 450

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 410

Inventory Contracts Housing Market Realtors 410

Housing Wire

MARCH 8, 2024

The jobs report contains two conflicting implications for the housing market, according to Sturtevant. However, the economic data we’re seeing now could cause the market to react, anticipating future Fed action, which could lower borrowing rates, including mortgage rates. Job openings were essentially unchanged at 8.9

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Transportation Retail Housing Market Construction 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 432

Housing Market Realtors Contracts Buyers 432

Housing Wire

SEPTEMBER 13, 2023

The National Association of Realtors (NAR) is navigating turbulent waters. Some Realtors have called for executives to be fired and a wholesale reform to the structure of the trade group, which has 1.6 No one in the real estate industry comes close to NAR’s lobbying budget. Last year, it spent $81.7

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Realtors Insurance Legal Real Estate 397

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 479

Inventory Housing Market Contracts Realtors 479

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. “The from November to a pace of 4.02 A total of 5.03 year over year.

Inventory 384

Inventory Housing Market Realtors Buyers 384