Housing Wire

MAY 7, 2024

Despite mentioning that a reverse mortgage can be used for the purchase of a new home, much of this article seems designed to introduce real estate agents to the concept of the H4P product. Boomers are said to be one reason inventory has been in short supply and the housing market has been frozen.”

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Mortgage Real Estate Agent Inventory Housing Market 421

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales.

Real Estate 347

Real Estate Real Estate Agent Tools Agents 347

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023.

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Business Mortgage Loan Officers Inventory 403

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further.

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Inventory Housing Market Marketing Construction 377

Housing Wire

APRIL 18, 2024

The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. At the end of March, total housing inventory sat at 1.11 Meanwhile, unsold inventory sat at a 3.2-month months in March 2023. Meanwhile, unsold inventory sat at a 3.2-month months in March 2023. from one year ago.

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Inventory Real Estate Agent Sellers Buyers 341

Housing Wire

MARCH 6, 2023

He was cautiously optimistic for a better 2023. With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. Monson had hoped for a “spring rush,” but recently, somebody turned the spigot back off.

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Loan Officers Inventory Real Estate Agent Buyers 365

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. Inventory was so tight that homes often went to buyers with large down payments or even all-cash offers. And due, at least in part, to this lock-in effect from a predominance of low-rate mortgages, inventory is still very tight and getting tighter each week.

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Inventory Housing Market Marketing Mortgage 345

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

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Inventory Marketing Business Buyers 319

Housing Wire

JANUARY 12, 2024

In the third quarter of 2023, 88.5% To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023. The lock-in effect is still real but listings are starting to tick up Declining mortgage rates appear to have helped the inventory situation somewhat.

Real Estate Agent 458

Real Estate Agent Sellers Inventory Mortgage 458

Housing Wire

JULY 25, 2023

My customer is the real estate agent. MW: As far as the inventory levels go, this is something that I’ve been focusing on and specializing in for years. My team, we work hand in hand with real estate agents, showing them how to compete and win in a multiple offer situation. I know who my customer is.

Real Estate Agent 249

Real Estate Agent Mortgage Real Estate Training 249

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

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Mortgage Real Estate Inventory Construction 348

Hank Miller Team

JANUARY 16, 2023

As 2023 opens, the economic hangover due to the free spending and pandemic handouts continue. One of the craziest segments of the last two years was real estate. Prices and inventory of course, but the massive influx of "hobby agents" over this period was a lesser covered negative result.

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Real Estate Agent Real Estate Agents Sellers 98

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Pensive and optimistic are how Messer described outlooks for 2023.

Mortgage 349

Mortgage Real Estate Real Estate Agent Realtors 349

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. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Adjusting to a “new normal”.

Renovations 377

Renovations Realtors Construction Mortgage 377

Housing Wire

OCTOBER 20, 2023

The world of real estate is constantly in flux, yet one thing remains true: Lead generation is one of the most important requirements for maintaining a successful real estate business. Particularly in the 2023 economy, with interest rates on mortgage rates stubbornly perched around 7.5%

Real Estate 369

Real Estate Tools Open Houses Advertising 369

Cleveland Appraisal Blog

APRIL 26, 2023

With a shortage of housing inventory persisting, some are resorting to building their own home. Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself. Hello friends! I hope you enjoy it!

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Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

APRIL 19, 2024

The recent commission lawsuits have had a profound impact on real estate agents and brokerages as they face increased scrutiny and pressure to provide more transparency in their commission structures and potential conflicts of interest. Click here to nominate someone.

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Training Real Estate Agent Real Estate Agents 414

Housing Wire

MAY 8, 2024

million net loss reported in Q1 2023. million, compared to Q1 2023’s free cash-flow loss of $59 million. We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. First, more buyers are using agents in 2023 than in 2003. That is an improvement over its $150.2

Agents 336

Agents Brokerage Real Estate Clients 336

Inman

JULY 12, 2023

Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday.

Real Estate Agent 116

Real Estate Agent Real Estate Realtors Agents 116

Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

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Insurance Housing Market Marketing Agents 382

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. 4-7, in Las Vegas.

Mortgage 463

Mortgage Real Estate Agent Renovations Finance 463

Housing Wire

APRIL 18, 2023

Read on to learn more about New American Funding’s business model of outside distributed retail, their in-house tech stack rebuild, its expansions plans and prospects in 2023. Now that the market has turned, do you see any challenges for your purchase call center agents ? Were there additional layoffs in 2023?

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Retail Business Agents Loan Officers 294

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. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said.

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Construction Supply Chain Inventory Agents 355

Housing Wire

AUGUST 1, 2023

With inventory of existing homes dwindling and buyers’ demand for new construction rising, one-third of single-family homes available for sale were newly built homes – marking a record-high share, according to a Redfin analysis. “The Real estate brokerage and listings platform Redfin was also in the red in Q1 — reporting a $60.8

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Construction Advertising Real Estate Real Estate Agent 338

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. 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.

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Brokerage Realty Real Estate Inventory 382

Housing Wire

AUGUST 14, 2023

And while the seven-day moving average for single-family inventory was just 36 homes as of June 2023, it is far better than the 15 homes listed in mid-May of 2023. Inventory was a huge issue the last few years, but we do have some inventory now across all price points, so at least buyers have choices now,” Dominguez said.

Housing Market 290

Housing Market Marketing Inventory Agents 290

Housing Wire

MAY 4, 2023

Elevated mortgage rates hurt Rocket Companies , the parent of Rocket Mortgage , again in the first quarter of 2023. He also acknowledged that low inventory and poor housing affordability still present challenges. Rocket originated $17 billion in mortgages in the first three months of 2023, a 10.5%

Real Estate Agent 373

Real Estate Agent Clients Mortgage Inventory 373

Housing Wire

JUNE 8, 2023

Mortgage rates and home prices are high and inventory is paltry, resulting in a largely frozen housing market. Among those who plan to purchase a home soon, only 6% expect to do so this summer, which is supposed to be the high season for real estate agents.

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Mortgage Housing Market Real Estate Agent Real Estate 320

Housing Wire

JANUARY 13, 2023

Just two weeks into 2023, Guaranteed Rate ‘s top LO and managing director Ben Cohen has also seen an increase in inbound calls from buyers wanting pre-approval for mortgages. I really think until we see inventory move in our favor, it’s still going to be a tough market for a buyer. How does my payment look?

Buyers 374

Buyers Housing Market Marketing Real Estate Agent 374

Empire Appraisal Group

JANUARY 4, 2023

What Could Make Home Prices Drop in 2023? Source: What Could Make Home Prices Drop in 2023? The start of the year, of course, is when homeowners and real estate agents start to bring new inventory to market. Consider the various countervailing forces in the market heading into the 2023 inventory surge.

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Inventory Open Houses Sellers Real Estate 78

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. In 2023, the Federal Housing Administration (FHA) and the U.S. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 391

Mortgage Buyers Agents Real Estate Agent 391

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

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Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

FEBRUARY 15, 2023

Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023. Combined with declining rates and a lack of inventory in his market, Steinway said a seller’s market has returned. People were inquiring about getting a loan with me on my very first day,” Steinway said.

Mortgage 335

Mortgage Loan Officers Lending Retail 335

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions. Agile CRM supports up to 10 users and 50,000 contacts.

Real Estate 364

Real Estate Real Estate Agent Tools Agents 364

Housing Wire

APRIL 22, 2024

Many of us are in sellers’ markets with very low inventory. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes. While some agents choose to handwrite these, it can be time-consuming. Dear (first name), I’m (your name), a local real estate professional with (brokerage).

Real Estate 335

Real Estate Open Houses Brokerage Real Estate Agent 335

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.

Agents 334

Agents Realtors Clients Real Estate Agent 334

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. 2014 was the very last year total housing inventory grew in America.

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Housing Market Marketing Mortgage Inventory 492