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?”

Agents 350

Agents Real Estate Contracts Real Estate Agent 350

Housing Wire

MAY 3, 2024

RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. Year over year, RE/MAX’s total agent count in Q1 2024 was down 0.2% to 143,287 agents. annualized decline in U.S.

Agents 340

Agents Real Estate Training Buyers 340

Housing Wire

DECEMBER 6, 2023

Analysts see mortgage companies issuing debt as a sign that market conditions may improve in 2024. In October, HousingWire reported that Freedom Mortgage and PennyMac Mortgage Investment Trust moved to raise money through debt offerings with high investor demand. For example, Freedom raised $1.3

Contracts 357

Contracts Investing Mortgage Investors 357

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in.

Housing Market 388

Housing Market Marketing Contracts Finance 388

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. Clark’s team of 73 loan originators who cover the East Coast funded $81 million in loans in January 2024, up 35% from January 2023.

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Loan Officers Mortgage Buyers Inventory 391

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors.

Marketing 377

Marketing Mortgage Investors Sellers 377

Housing Wire

NOVEMBER 3, 2023

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., 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.” 2 edition of his NotoriousROB email newsletter. “In

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Realtors Agents Brokerage Contracts 409

Housing Wire

JANUARY 11, 2024

When [RMF] defaulted on its obligations, GNMA exercised its right to extinguish RMF’s interest in certain mortgages in order to ensure the timely payment to investors in securities backed by those mortgages,” the filing reads. TCB previously detailed that it hopes to reach an amicable settlement with the government.

Lending 381

Lending Government Legal Law 381

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 by the close of 2024.

Marketing 363

Marketing Investing Mortgage Investors 363

Housing Wire

JANUARY 17, 2024

Fannie Mae and Freddie Mac are in the spotlight again over the role some housing-industry experts say they could play in reducing mortgage rates if they resumed a more active investor role in the mortgage-backed securities (MBS) market. As of early January 2024, agency MBS on the Federal Reserve’s balance sheet totaled $2.4

Marketing 351

Marketing Investors Mortgage Finance 351

Will Springer Realtor

DECEMBER 19, 2023

As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Here are some of the big questions to ponder in 2024. Economists and investors have been upbeat about how the employment picture has remained mostly resilient in the wake of economic headwinds.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Listing Spark

APRIL 22, 2024

As digital innovation continues to reshape the landscape, a new potential savior has risen—real estate software for investors. As executives and investors face the current market’s uncertainties and challenges, the need for innovative, cutting-edge tools is greater than ever. It’s also about how effectively you market it.

Real Estate 36

Real Estate Investors Tools Investing 36

Listing Spark

SEPTEMBER 27, 2023

As 2024 approaches, you might be thinking about the year ahead: your professional growth goals, changes you want to make in your work processes, and how you’re going to retain business against competitors, both human and software. Give your investor clients better insight into rental prices too.

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Realtors Investing Real Estate Clients 36

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. trillion compared to $2.75 trillion in 2021.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Housing Wire

MARCH 27, 2023

contraction. If some banks are selling their MBS holdings to manage liquidity, or if investors simply anticipate such behavior, this will likely add to upward pressure on the Treasury/MBS and MBS/30-year fixed-rate mortgage spreads. trillion in 2024. Fannie Mae raised its first quarter GDP forecast to grow 0.9%

Construction 349

Construction Lending Finance Mortgage 349

Listing Spark

JANUARY 22, 2024

In the first quarter of 2023 alone, real estate investors flipped 72,960 homes. For both new and experienced real estate investors, this bodes well for the 2024 market. Investors are thriving by finding properties with a lot of potential as both rentals and flips—and then being able to sell them quickly at the right price.

Real Estate 36

Real Estate Tools Investors Investing 36

Housing Wire

JANUARY 18, 2024

Beyond that, making sure we are where we need to be as we progress through 2024. SW: What do you see as the biggest opportunity in 2024? JB: I think 2024 is going to be a really interesting bridge year. There is a lot of inefficiency in managing a lot of contracts and integrations are always a nightmare.

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Technology Real Estate Architecture Investing 272

Housing Wire

MAY 24, 2022

Keeping with the theme that the years 2020-2024 would be different, we can see the builders had pricing power, and they pushed it onto the consumer. million total home sales each year from 2020 to 2024. The new home sales sector is much different — it’s a contract to purchase a home that isn’t built yet.

Housing Market 392

Housing Market Inventory Construction Marketing 392

Housing Wire

SEPTEMBER 22, 2022

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. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% That was a huge red flag, hence all the statements in 2021 about unhealthy housing. .

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Inventory Housing Market New Listings Mortgage 444

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. over the course of 2024, declining from the 2023 average of 6.9%. baths, 7,455 sq.ft.,

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

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. A1: Back Half of 2024? – My wild guess is that rate cuts will be in the back half of 2024. by year-end. Not in March.

Appraisal 82

Appraisal Contracts Real Estate Housing Market 82

Appraisal Today

APRIL 12, 2024

Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values. April 10, 2024) — Mortgage applications increased 0.1 The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01 percent from 0.5

Appraisal 77

Appraisal Construction Contracts Architecture 77

Housing Wire

APRIL 3, 2023

This meant slowing growth or contraction at a lot of previously high-flying proptech companies. As for right now, we are highly focused on stabilizing our core business and ultimately returning to positive free cash flow,” Carrie Wheeler, Opendoor’s CEO, told investors on the firm’s fourth-quarter earnings call.

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Brokerage Real Estate Housing Market Business 309

Housing Wire

AUGUST 23, 2023

We’ve done that through products like One Day Mortgage, which are helpful to a consumer if they’re buying or shopping for a home because literally the same day that they enter into a purchase contract, they can get a commitment letter on their mortgage. Garg: I don’t know when the next refi boom will happen.

Realtors 359

Realtors Technology Insurance Mortgage 359

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Check out the best schools for exam prep courses with helpful study aids in our article 7 best real estate classes in Ohio for 2024. SEE ALSO: 7 best real estate classes in Ohio for 2024 Beyond the required 120 hours of education, spend some extra time studying for the exam.

Real Estate 375

Real Estate Real Estate Agent Brokerage Agents 375

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

MAY 30, 2023

Positioned as a boutique luxury residence, Mari offers 138 homes in its 20-story, glass-and-steel structure that is targeting a spring 2024 unveiling. Empty-nesters, tech workers and investors – all seeking an active downtown location – are looking seriously at this smart and stylish living option.

Real Estate 36

Real Estate Design Contracts Buyers 36

Will Springer Realtor

DECEMBER 12, 2023

The year in residential real estate nears its end amid twists and turns like a good book but it’s waiting for the storyline to improve as we fill out the empty pages in 2024. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% higher YoY. That was probably a one-time event.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

MAY 14, 2024

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. Prices rose, too, to near-record highs. Far from the Fed’s 2.0%

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Many economists believe a recession isn’t likely in the last months of this year but they aren’t ruling out a downturn in 2024 and 2025.

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Finance Inventory Construction Buyers 68

Appraisal Today

MAY 27, 2022

Our survey results reveal a near-consensus opinion that appraisal modernization will help lenders, appraisers, and risk investors assess and manage collateral risk more effectively, while also benefiting consumers via greater appraisal accuracy, lower costs, and increased velocity of loan decisioning. Full appraisals take too long.

Construction 52

Construction Appraisal Modernization Contracts 52

Appraisal Today

MAY 5, 2023

Bill has worked mostly for AMCs and is currently Chief Appraiser at Finance of America Commercial (residential investor loans).Getting I strongly support Byron Miller for 2024 AI Vice President. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.50

Appraisal 52

Appraisal Contracts Architecture Law 52

Will Springer Realtor

AUGUST 15, 2023

The number of single-family homes going under contract (Pending sales) fell 8.7% And while the Fed does not establish mortgage rates – bond investors do – it’s not surprising to see the home-financing market follow suit along with the rest of the borrowing sector. by the end of 2024. drop (542). the previous month.

Sellers 60

Sellers Buyers New Listings Inventory 60

Appraisal Today

JUNE 3, 2022

In popular vacation areas, such as Sedona, AZ, where Julie lives, investors purchase homes and do extensive remodels to turn them into Airbnbs with Airbnb management companies handling everything for them (clean up, new furnishing, and renting). The new online form, scheduled for 2024, will transform lender. appraisal reporting.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Will Springer Realtor

MAY 13, 2024

That’s according to a report from ATTOM Data Solutions, which noted Seattle metro was the second-most active major market (1M+ population) for flipped homes purchased by investors with financing, at 56.1%, behind only San Diego (56.4%). >> Another two homes are under contract and should be in the sold column in a matter of days.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

JUNE 13, 2023

This means the negative YoY price decline – which is in a range of minus 7%-11%, depending on the submarket – will slowly return to positive territory, likely by early 2024. Mortgage rates are generally established by investors who buy them in bulk as securities.

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Buyers Inventory Construction Finance 36

Listing Spark

DECEMBER 1, 2022

Whether you’re an investor and put a lot of money and time into the property and now you’re thinking, oh, I thought I was gonna get this and I’m not. I know that if it’s an investor, they put a lot of work into it and they did all these things. That means be ready to do showings on your property.

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Sellers Real Estate Inspection Buyers 36