Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. Zillow posits that this shift is driven by higher mortgage rates in the post-pandemic era.

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Sellers Buyers Real Estate Inventory 417

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

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. At the same time, both buyers and sellers will have to reset expectations next year for persistently higher mortgage rates and more negotiations during the transaction.” Existing-home sales will end 2024 at 4.6

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Buyers Housing Market Sellers Inventory 469

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average.

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Housing Market Marketing Inventory Sellers 481

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire.

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Inventory Construction Mortgage Buyers 462

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. percentage points, implying three cuts of 0.25 15, just 0.07

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Mortgage Realtors Real Estate Marketing 437

Housing Wire

MAY 14, 2024

Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents.

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Real Estate Agent Agents Real Estate Buyers 446

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

MAY 14, 2024

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024 , Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. The firm’s title segment reported $1.7

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Insurance Real Estate Sellers Housing Market 446

Housing Wire

OCTOBER 11, 2023

In a 75-page report, the analysts broke down the structural impacts that a change to the NAR’s Clear Cooperation rules would have for agents, brokerages, mortgage companies, real estate portals and — most importantly — consumers. A workaround with mortgage? Yep, rolling it into the mortgage.

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Real Estate Agent Real Estate Agents Brokerage 475

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.

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Real Estate Agent Real Estate Agents Clients 407

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

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Mortgage Sellers New Listings Buyers 437

Housing Wire

JANUARY 2, 2024

Whitney referred to this trend as a “python” that could begin coming to fruition in the latter half of 2024, which could then persist “for the next several years,” she explained. “[T]hat, Last October, FHA introduced a proposed seller credit for the H4P program.

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Housing Market Marketing Real Estate Agent Real Estate 512

Housing Wire

DECEMBER 1, 2023

Now he is off the sideline because a 5% down payment is completely doable,” said Krichmar, a mortgage banker at Legend Lending Corporation. Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024.

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Finance Buyers Mortgage Inventory 454

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. at the end of April, according to HousingWire ’s Mortgage Rates Center. They crested near 7.6%

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Marketing Mortgage Investors Sellers 427

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

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Mortgage Real Estate Agent Real Estate Renovations 405

Housing Wire

JANUARY 29, 2024

Recently, The Mortgage Reports even reported that staged homes sell “73% faster, on average, than their non-staged counterparts.” Interior maintenance: the devil in the details In 2024, buyers are not just seeking a house; they desire a home that has been lovingly maintained. These small details make a substantial impact.

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Realtors Buyers Agents Decorating 427

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. The original effective date as announced last fall remains in effect, which will be April 29, 2024.

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Real Estate Agent Development Real Estate Law 462

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. For real estate professionals, this option presents an opportunity to capture more sales. Yet staggeringly few are aware of its existence.

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Finance Real Estate Agent Real Estate Insurance 454

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In

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Inventory Realtors New Listings Contracts 407

Housing Wire

MARCH 4, 2024

At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. More sellers means more sales. Will sellers retreat entirely, like they did last year? But will rates deter sellers also?

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Inventory Sellers Buyers Real Estate 481

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI).

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Retail Mortgage Real Estate Agent Business 427

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. To that I say, timing is everything in real estate. In short, if sellers executed their plan correctly, they received multiple offers and maximized their profit.

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Inventory Lending Real Estate Housing Market 423

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 million real estate license holders, many handle only one or two transactions a year. Of the approximately 1.5

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Agents Real Estate Contracts Real Estate Agent 435

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 Sellers Investors 417

Housing Wire

APRIL 26, 2024

The national real estate brokerage found that the nationwide median sale price reached $420,357 in March 2024. year over year in March, although growth in listings is expected to subside due to the lock-in effect of higher mortgage rates. Even as the median U.S.

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Housing Market Marketing Insurance Sellers 436

Housing Wire

DECEMBER 15, 2023

After two straight years of double-digit declines, home sales will pick up in 2024 thanks to lower mortgage rates. This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. Yun expects the first rate cut to come in the late spring of 2024.

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Sellers Buyers Mortgage Investing 469

Housing Wire

FEBRUARY 6, 2024

In its 2024 State of Wire Fraud report, wire fraud protection firm CertifID found that nearly 25% of the 650 U.S. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

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Real Estate Agent Real Estate Sellers Buyers 427

Will Springer Realtor

JANUARY 2, 2024

Our reflection on the real estate journey for 2023 unveiled a landscape of rising prices, economic uncertainties and shifting market dynamics. Here’s a video that spotlights economic trends, housing market shifts and other projections of what we can expect in 2024. Rinse and repeat, anyone? Contact me when you’re ready to talk!

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Real Estate Sellers Housing Market Realtors 65

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

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Sellers Realtors Buyers Inventory 65

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

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Mortgage Loan Officers Finance Buyers 437

Birmingham Appraisal

APRIL 24, 2024

Birmingham Real Estate Market Update: First Quarter 2024 vs 2023 The first quarter of 2024 is now under our belts so this week I’ll be taking a look at how Q1 of 2024 compared to Q1 of 2023. Most believed that going into 2024 we would have seen rate drops before now, however, this has not happened.

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Real Estate Marketing Sellers Buyers 69

Housing Wire

APRIL 22, 2024

(Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. However, before firms can begin to dive into the financial side of the deal, prospective buyers and sellers must figure out if they are a match.

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Brokerage Real Estate Agents Sellers 436

Housing Wire

NOVEMBER 8, 2023

Current legislative proposals would require states to “mandate a real estate-related disclosure form with specific flood-related questions,” which would require 49 states to “make significant amendments to its laws and regulations” leading to an administrative and enforcement burden, NAR said.

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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. That deal was followed by the acquisition of Texas-based Thrive Mortgage in December. They have seen the bottom [of the mortgage origination market] and can now start seeing the growth.”

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Retail Loan Officers Lending Mortgage 417

Housing Wire

DECEMBER 6, 2023

More home sellers on the East Coast are getting in on the commission lawsuit action. Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. Both lawsuits are seeking class-action status.

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Realty Realtors Brokerage Real Estate 427

Housing Wire

APRIL 19, 2024

year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. In the first quarter of 2024, sales of luxury homes rose 2.1% surged by 8.7%

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Luxury Properties New Listings Buyers Housing Market 462