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. Cincinnati and Miami.

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Housing Wire

MARCH 11, 2024

Remote online notarization (RON) platform NotaryCam expanded its independent notary platform customer base by 46% in 2023, according to an announcement on Monday. In addition to expanding its notary platform customer base, NotaryCam also grew the number of loss-mitigation-related RON transactions it was part of in 2023 by 115%. “We

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Housing Wire

DECEMBER 13, 2023

It was the fourth pause recorded in 2023. In 2023, the Fed hiked the benchmark federal funds rate by a quarter-point at four meetings, most recently in July. Prospective homebuyers bear the brunt of the lack of affordability while home sellers continue to cling to their historically low rate, pandemic-era mortgages.

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Mortgage Sellers Investors Marketing 521

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. Meanwhile, in September, one-third of U.S.

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Housing Wire

FEBRUARY 2, 2024

In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. million net income in 2023, down from $475.5 billion in unpaid principal balance (UPB) in 2023, down 9% year over year. million in Q4 2023, compared to a pretax income of $101.2

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Technology Legal Mortgage Contracts 406

Sacramento Appraisal Blog

MARCH 28, 2023

Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.

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Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising.

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Housing Wire

AUGUST 17, 2022

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. Institutions with less than $1 billion in originations during a 12 month period would be exempt — a new carveout the agencies said is for “small sellers.”.

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Housing Wire

MAY 4, 2023

What can we expect in 2023? At the same time, there are some key trends I think will characterize the housing market in 2023. Home shoppers who are waiting to score a deal are going to be disappointed in 2023. Home shoppers who are waiting to score a deal are going to be disappointed in 2023. Selective sellers.

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Housing Market Marketing Inventory Buyers 417

Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market […] The post Sellers sitting out of the housing market & buyers getting concessions first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. First-time buyers dropped to the lowest share NAR has recorded in the Profile of Home Buyers and Sellers — just 26% of the market, compared to 34% the year before. One projection for 2023 is an easier buying market for first-time buyers.

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Housing Wire

MARCH 4, 2024

In many respects, 2023 was the year of the homebuilder. They also boast advantageous relationships with land sellers and can command lower costs of debt. The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins.

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Housing Wire

OCTOBER 7, 2020

With the market heading into fall, sellers, on the other hand, proved more resilient as the percentage of respondents who said it was a good time to sell a home gained 8% to 56% in September. 1, mortgage rates hit their tenth consecutive week below 3% and the Federal Reserve expects low rates to remain through 2023. Presented by: NAMB.

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Sellers Real Estate Agent Buyers Design 536

Housing Wire

AUGUST 2, 2023

With the resilient but still slower housing market conditions of the second quarter of 2023, Zillow reported that traffic to its apps and site was at 226 million average monthly unique users, down from 234 million a year ago. Purchase loan origination volumes in Q2 2023 grew 30% sequentially from Q1 2023 and 73% year over year from Q2 2022.

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Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023. While not exclusive, zBuyer shares leads with a maximum of six agents per area.

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Real Estate Real Estate Agent Tools Agents 427

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. most likely by mid-year.

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Housing Wire

JANUARY 10, 2023

Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months. On the seller side, 51% said it was a good time to sell, dropping from 54% in November. Consumers were not optimistic about mortgage rates.

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Housing Wire

AUGUST 18, 2023

Magazine ’s 5000 list for 2023, a ranking of the fastest-growing companies in the U.S. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. 5000 – 2023 CityLight Homes came in as the top-ranked real estate brokerage or team in 2023, claiming the No.

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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%

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Inman

NOVEMBER 16, 2023

NAR’s 2023 Profile of Home Buyers and Sellers has just been released, and it’s packed with insights that can help you take your business to the next level in 2024. According to trainer Bernice Ross, the most important insights concern your lead generation and lead conversion.

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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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Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. In the first half of 2023, the year-over-year increase in the share of listings with price cuts rose as high as 80.7%.

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Housing Wire

MARCH 28, 2024

In November 2023, Wood indicated that the trial would take place in the fourth quarter of 2024 , but the status report findings appear to change the timeline. The suit obtained class certification in March 2023. The class encompasses home sellers across 20 local MLSs. The trial would take place in Chicago at the U.S.

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Housing Wire

JANUARY 18, 2023

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Wire

NOVEMBER 9, 2020

How long these low rates will last is still up to debate, but in September, 13 members of the Federal Reserve’s Federal Open Market Committee said they expect to keep the central bank’s benchmark rate near zero through 2023. The post Buyers and sellers agree: it’s a good time to enter the housing market appeared first on HousingWire.

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Housing Market Sellers Buyers Marketing 543

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. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately.

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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. But a lot of sellers are worried about finding their next house because even though listings are rising, there’s still a housing shortage.

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Real Estate Agent Sellers Inventory Mortgage 469

Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. Last year, we never hit that target. 2022: 19.2%

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Real Estate News

MARCH 31, 2023

A Realtor.com analysis identified the best time to sell in 2023, and it's just around the corner. The report also said to expect a more typical spring season.

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Housing Wire

JANUARY 17, 2023

plans to invest in tech, reduce vendor costs and focus on realtor partners in 2023. The lender is also capitalizing on a seller-funded 3-2-1 temporary rate buydown — in which borrowers could reduce their rates by 3% during the first 12 months of the loan, 2% in the second year and by 1% in the third year of the loan.

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Mortgage Real Estate Real Estate Agent Realtors 395

Real Estate News

FEBRUARY 2, 2024

Sellers are still seeing near-record-high profits, but this was the first year-over-year decline in 12 years.

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Sellers 267

Housing Wire

MARCH 13, 2024

The DOJ’s statement was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS PIN in July 2023. Since the initial filing, the plaintiffs and MLS PIN have filed two amended agreements in order to appease the DOJ, which first became involved in the suit in early October 2023.

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Housing Wire

NOVEMBER 30, 2023

“After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement. “At million, up 12% from 2023’s 4.1 million in 2023. by the year’s end. by the year’s end.

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Buyers Housing Market Sellers Inventory 469

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.

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Housing Market Marketing Retail Sellers 427

Housing Wire

FEBRUARY 7, 2024

It’s no secret that 2023 was a difficult year to buy a home. With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S. since the fourth quarter of 2018.

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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). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

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Real Estate Inventory Sellers Realtors 454

Inman

SEPTEMBER 13, 2023

Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections.

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