Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. in 2024, hitting 800,000 new homes. in 2024, to $445,800. In 2024, they should rise by 13.5% In 2024, it will rise to 1.48

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Inventory Contracts Housing Market Realtors 410

Housing Wire

MAY 1, 2024

On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” he posited.

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Agents Real Estate Contracts Real Estate Agent 440

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% in 2024 Despite these conditions, Yun still expects annual existing home sales to drop 11.1% annual jump in 2024.

Housing Market 432

Housing Market Realtors Contracts Buyers 432

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 421

Inventory Agents Real Estate Sellers 421

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. I was already using buyer broker contracts, but now use them 100% of the time.

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Agents Realtors Clients Real Estate Agent 431

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3 in December.

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Contracts Inventory Realtors New Listings 432

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The recovery has not taken place, but the housing recession is over,” said NAR Chief Economist Lawrence Yun. The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply. in 2024, according to NAR’s forecast.

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Construction Inventory Realtors Housing Market 370

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. annually in February 2024. NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January. On a year-over-year basis, pending sales were down 7%.

Inventory 458

Inventory Realtors Contracts Sellers 458

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. Pennymac also informed the market this week that an arbitrator concluded the company has to pay $155.2

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Contracts Investing Mortgage Investors 410

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Market their listings; go to their listings. economy remains hot.

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Loan Officers Mortgage Buyers Inventory 421

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. in 2024, and housing starts will fall 7.3% annual in 2024 to 1.54 to $390,000 in 2024. year over year.

Inventory 432

Inventory Realtors Contracts Construction 432

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. Inventory is 1.2%

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Housing Market Marketing Inventory New Listings 491

Housing Wire

FEBRUARY 27, 2024

Automated marketing: Yes. Or purchase just the data and the platform, and do the mailing and marketing yourself. Exclusivity: No Trial period: No Contract requirements: Annual contract required SmartZip is a lead generation, marketing and CRM solution founded in 2008.

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Advertising Tools Real Estate Sellers 431

Housing Wire

NOVEMBER 3, 2023

It’s impossible to be an agent if you can’t see which homes are for sale, or unlock the door to those homes, or even write an offer.” “In fact, I’m not even sure that Redfin does not renew its Realtor membership for 2024, because they kind of have to.” “In about half the U.S.,

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Realtors Agents Brokerage Contracts 432

Housing Wire

AUGUST 3, 2023

Opendoor has committed to deliver at least 100 basis points of contribution margin improvement by 2024, increasing the annual target range to 5% to 7%, with a goal of eventually returning to positive adjusted net income. housing market,” Wheeler said. The contribution margin was negative 4.6% in Q2 2023.

Inventory 370

Inventory Contracts Sellers Housing Market 370

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. They crested near 7.6% at the end of April, according to HousingWire ’s Mortgage Rates Center.

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Marketing Mortgage Investors Sellers 272

Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. USPAP 2024 is effective January 1, 2024. To read more, click here My comments: Be sure to read this blog post.

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Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

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Inventory Housing Market New Listings Mortgage 458

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. There are now 258,000 single family homes in contract.

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Housing Market Marketing Inventory Contracts 528

Housing Wire

JANUARY 4, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. percent to 5.24

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Housing Market Marketing Mortgage Contracts 530

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. Unlike the surge in make-up demand we saw at the end of 2020, this recent outperforming data should moderate just due to traditional demand limits with the housing market at record low inventory levels. Of the four major U.S. This is critical.

Inventory 410

Inventory Housing Market Realtors Marketing 410

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion and to nearly $9.3

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Marketing Investing Mortgage Investors 384

Housing Wire

NOVEMBER 27, 2023

Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Run a free Altos market report for your area.

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New Listings Contracts Inventory Housing Market 496

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. Binney said.

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Inspection Real Estate Agent Real Estate Insurance 410

Appraisal Today

APRIL 5, 2024

To see the listing with 19 photos, Click Here == LoanDepot Appraisal Discrimination Settlement By Peter Christensen, March 28, 2024 Connolly and Mott v. The second development in the case is that on March 22, 2024, the attorneys for Drs. a state-of-the-art home gym, salon, yoga room. No pickleball court. District Court, Maryland.

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Appraisal Contracts Business Construction 75

Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. housing market presents a landscape of contrasts and evolving dynamics. Is The Housing Market OK?

Appraisal 81

Appraisal Contracts Real Estate Housing Market 81

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. The industry is in a deep housing recession this year. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above.

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Housing Market Marketing Inventory Contracts 508

Housing Wire

NOVEMBER 14, 2023

Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research. Here are some key housing market data takeaways: Inventory peaks for the year There are 567,000 single-family homes on the market, which is unchanged from last week.

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Housing Market Marketing Inventory Contracts 441

Appraisal Today

JANUARY 5, 2024

Five USPAP Myths Dispelled in 2024 USPAP By Daniel A. Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

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Appraisal Contracts Legal Business 74

Housing Wire

DECEMBER 11, 2023

Watch the video above to get the latest housing market update from Altos Research. I’ve been trying to highlight in the last few weeks how the pace of home sales has stopped declining and is about to show some recovery in 2024. Why we’ll have more home sales in 2024 than 2023. is up 2% to 3% over last year at this time.

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Inventory Contracts Sellers Housing Market 466

Housing Wire

APRIL 3, 2023

Reffkin has set the ambitious goal for Compass, the largest brokerage in America by sales volume , to be cash flow–positive by the end of June, even amid the biggest housing market slowdown in years. This meant slowing growth or contraction at a lot of previously high-flying proptech companies.

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Brokerage Real Estate Housing Market Business 396

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2024. Fannie Mae expects real GDP growth in 2024 to be 2% year over year, reflecting the start of a recovery following an anticipated 2023 contraction of 0.6%. trillion in 2022.

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Contracts Government Mortgage Buyers 384

Housing Wire

MARCH 15, 2024

Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024.

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Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. housing market at the end of April 2024. of the market.

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Sellers Marketing Inventory Contracts 496

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Housing inventory climbed late in the year as mortgage rates rose.

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Sellers Marketing Inventory Contracts 458

Appraisal Today

MARCH 15, 2024

However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. If you are a paid subscriber and If you are a paid subscriber and did not get the March 2024 issue emailed on Friday March 1, 2024, please email info@appraisaltoday.com , and we will send it to you.

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Appraisal Inspection Modernization Business 68

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

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Construction Retail Mortgage Contracts 284