Housing Wire

DECEMBER 13, 2023

Investors will parse Jerome Powell’s press conference this afternoon for clues about when and why the central bank might change its policy stance next year. Simultaneously, futures markets priced in a higher chance of more rate hikes by the end of 2024. at its last meeting of the year on Wednesday. Mortgage rates could near 6.5%

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Mortgage Investors Sellers Marketing 522

Appraisal Buzz

JUNE 4, 2024

compared to normal 2017 to 2019 levels, indicating that the market remains seller-friendly. “In The specifics will vary from market to market, but the data suggest ongoing opportunity for many sellers. in May 2024 compared to the same period last year. According to Realtor.com May housing data , median list prices have grown 37.5%

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Sellers Inventory Buyers Insurance 370

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.

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Agents Real Estate Training Buyers 420

Housing Wire

MARCH 11, 2024

With a 10% increase in year-over-year total transactions — even in a down market — NotaryCam is poised to drive even more RON adoption across multiple verticals in 2024 while also continuing to champion mortgage lenders’ digital transformation efforts.” Last year saw NotaryCam execute transactions in 160 of 192 countries worldwide.

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Law Real Estate Investors Sellers 421

Housing Wire

MARCH 18, 2022

Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. Inventory has been slowly falling since 2014, so if demand picks up in 2020-2024, it can collapse to shallow levels. However, a seller is also a natural homebuyer, unless they’re an investor. even for rental housing.

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Housing Market Marketing Inventory Sellers 542

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.

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Marketing Mortgage Investors Sellers 432

Housing Wire

JANUARY 25, 2023

According to Redfin, San Diego and Phoenix are among the most popular markets for seller concessions. Mortgage rates will also stay higher for longer than investors expected. These concessions include offering buyers money for home repairs and mortgage-rate buydowns as homeowners continue to sell homes for below the asking price.

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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?”

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Housing Wire

APRIL 18, 2024

The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024. However, that hasn’t been the case so far in 2024. million units, up 4.7%

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Inventory Housing Market New Listings Buyers 491

Housing Wire

JUNE 28, 2022

I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2 The reality is that home sellers and builders had too much pricing power. million or higher.

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Housing Market Marketing Inventory Investors 458

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

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Marketing Mortgage Sellers Buyers 409

Housing Wire

FEBRUARY 13, 2024

It’s called Zillow,” Barton told investors and analysts listening to Zillow’s Q4 2023 earnings call Tuesday evening. Central to Zillow’s Super App vision has been its growth pillars , which now include rentals in addition to touring, financing, seller solutions, enhancing its partner network and integrating its services.

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Agents Sellers Buyers Real Estate 409

Housing Wire

APRIL 15, 2024

If this scenario unfolds, analysts and executives will be ready to update their baseline expectations for 2024, including fewer refinance and purchase loans than previously forecast. Investors reacted by adjusting their expectations for the number of rate cuts from the Federal Reserve this year. in second-quarter 2024.

Mortgage 458

Mortgage Retail Buyers Investors 458

Housing Wire

APRIL 8, 2024

I’m optimistic on H4P, more so than in the past several years simply due to the change in seller concession rules to simplify the process [to be] more like forward,” he said. The HMBS issuance record set in 2022 is in no danger of being broken, much less broached in 2024. Total issuance for 2023 was less than half, at $6.5

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Mortgage Marketing Sellers Investors 431

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”

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Marketing Inventory Renovations Investors 421

Housing Wire

APRIL 30, 2024

After striking two M&A deals late last year, digital multichannel lender Lower plans to acquire at least one other business in 2024. If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor.

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Housing Wire

JUNE 11, 2024

Thus, keeping abreast of regulatory and investor updates and trends is vital to maintaining loan quality and compliance. The Bureau recently highlighted 10 specific compliance issues related to mortgage servicing in its Supervisory Highlights, Issue 33 (Spring 2024), four of which involved what it deemed as improper charging of fees.

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Lending Clients Mortgage Training 416

Listing Spark

JUNE 7, 2024

In the past decade or so, buying a fixer-upper, updating it, and then selling it for a nice profit attracted seasoned real estate investors and newbies alike. Many professional and amateur investors wanted a piece of the quick-profit pie. Interest Rates Are High As of May 2024, the loan rate for a 30-year fixed mortgage is 7.06%.

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Investors Modernization Real Estate Tools 36

Housing Wire

MAY 24, 2023

They are likely to be replaced by money managers as investors. “What we’re looking at now is the initial phase of exit of those two policy investors and the return of the market to marginal pricing by portfolios that are in the game basically to make money,” Abrahams explained. The Fed and U.S. trillion this year. .”

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Marketing Insurance Investors Mortgage 384

Housing Wire

JUNE 7, 2024

I’ll explain why a detailed plan is crucial for every agent in 2024, and I’ll walk you through the actionable, step-by-step guide I’ve used with hundreds of agents to help you create your own unique plan. Finally, I’ll wrap up with the three marketing tools every agent needs to hit the ground running in 2024.

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Real Estate Marketing Agents Tools 421

Housing Wire

DECEMBER 29, 2023

The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It Mortgage professionals say 2024 will be a ‘recovery year’ as markets slowly return to normal. So to me, it’s still a big first-time buyer market in 2024.

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Mortgage Loan Officers Inventory Business 450

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

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Inventory Buyers Investors Sellers 370

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

Inventory 370

Inventory Buyers Investors Sellers 370

Housing Wire

MARCH 1, 2023

The Amherst report forecasts that the net issuance of MBS, which includes Fannie Mae , Freddie Mac and Ginnie Mae securities, is projected at $325 billion in 2023 and $375 billion for 2024. trillion by the close of 2024. We would expect a further 27 basis-points widening through June 2024.” trillion and to nearly $9.3

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Marketing Investing Mortgage Investors 384

Housing Wire

JUNE 21, 2022

Total housing inventory has collapsed to all-time lows since 2020 and because this happened during the years 2020-2024, it created forced bidding and drove prices well above my 23% five-year home-price growth model in just two years. My nightmare scenario, on the other hand, has happened and this is bad news for everyone.

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

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Inventory New Listings Housing Market Sellers 528

Housing Wire

MAY 29, 2024

On May 22, 2024, the bureau issued an interpretive rule stating that BNPL lenders are credit card providers and that consumers have legal protections, such as the right to dispute charges or demand a refund. are examples.

Mortgage 441

Mortgage Clients Sellers Loan Officers 441

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

Housing Wire

NOVEMBER 18, 2022

When I outlined my 23% five-year growth model for 2020-2024, it was to have a marker for when price growth got too hot. However, I knew the years 2020-2024 would see better demand from the bump in demographics. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Inventory Marketing Housing Market New Listings 473

Housing Wire

JANUARY 5, 2022

While the new fees on high-balance and second homes will function similarly to the now-suspended limits on investor and second homes, mortgage industry stakeholders welcomed Thompson’s decision. During her tenure so far as FHFA acting director, Thompson has made affordability a top priority.

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Finance Mortgage Government Sellers 520

Housing Wire

MARCH 16, 2022

” Beyond the initial 25 bps rate hike, the Fed also said it planned to raise rates six additional times in 2022 and three times in 2023, giving more certainty to investors in the secondary market, which should help ease overall volatility somewhat. Note that they do not expect to be back at 2% inflation until after 2024.”.

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Inventory Design Mortgage Buyers 441

Housing Wire

DECEMBER 13, 2023

While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels. Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions.

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Inventory Housing Market Mortgage Law 466

Housing Wire

DECEMBER 6, 2023

As we edge towards 2024, the real estate landscape buzzes with both opportunities and uncertainties. In this article, we zero in on the best real estate software for 2024, helping agents stay ahead in a market brimming with potential, yet fraught with unique challenges. When you buy through our links, we may earn a commission.

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Real Estate Agents Real Estate Agent Tools 421

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. 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. . million in August.”

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Inventory Housing Market New Listings Mortgage 458

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. So, let’s not make that mistake in 2024.

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Housing Market Marketing Inventory Realtors 458

Housing Wire

JULY 20, 2022

The more significant issue is that during 2020-2024, I thought the housing market would be healthy as long as price growth stayed at 23% or under for those five years. Higher rates need duration so sellers can adjust their pricing reality. This means 4%+ mortgage rates. In time, this should happen with higher rates and more inventory.

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Inventory Housing Market Marketing Realtors 512

Housing Wire

FEBRUARY 8, 2024

In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals. Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City.

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