Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

Buyers 351

Buyers Inventory Agents Realty 351

Housing Wire

NOVEMBER 8, 2021

First, he has his clients lender call the listing agent. This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. That never happens when a VA loan is involved.

Clients 382

Clients Agents Buyers Sellers 382

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 378

Buyers Agents Loan Officers Real Estate 378

Housing Wire

APRIL 22, 2021

“I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. There’s less than 30 days worth of inventory for homes under $300,000 right now.” “You have to be quick.

Buyers 423

Buyers Inventory Renovations Realty 423

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. Serious buyers showed discernment as they know inventory is growing. Serious buyers showed discernment as they know inventory is growing.

Inventory 317

Inventory Lending Real Estate Housing Market 317

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients.

Clients 390

Clients Real Estate Inspection Buyers 390

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. How interest rates impact your clients Let’s look at how interest rates can impact buyers, sellers or homeowners looking to refinance.

Real Estate 425

Real Estate Agents Marketing Sellers 425

Housing Wire

MAY 28, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing. But that’s not slowing down buyers.

Buyers 414

Buyers Real Estate Agent Real Estate Inventory 414

Housing Wire

SEPTEMBER 30, 2022

An LO in the Miami, Florida area told HousingWire that on a $400,000 home purchase, with 5% down, a 700 FICO score, his clients are being quoted 7% for conventional loans and 6.125% on FHA and VA mortgages. There is more inventory relative to demand, and deals can be found. This will be a time of changes,” he said. Not yet anyway.

Buyers 449

Buyers Mortgage Loan Officers Retail 449

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There are also advantages to working with buyers in a less competitive marketplace. LOs do something new In an environment where every deal counts, some go niche.

Loan Officers 388

Loan Officers Mortgage Inventory Clients 388

Housing Wire

MAY 8, 2024

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. Compass has the best value proposition for buyers of any brokerage firm,” Reffkin said.

Agents 368

Agents Brokerage Real Estate Clients 368

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. Are your buyers being more proactive than you are?

Real Estate Agent 364

Real Estate Agent Buyers Real Estate Clients 364

Housing Wire

JUNE 5, 2024

It’s all about practice, skill, and perseverance, ensuring you’re ready to score big for your clients—and yourself. The more clients you help achieve their goals, the faster you’ll achieve your own. Always know the following: Is inventory increasing or decreasing in your market? What’s hot and what’s not? What price ranges?

Real Estate 321

Real Estate Open Houses Clients Agents 321

Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. “All-cash buyers used to be able to go in a little below list price, but now I’m seeing a lot of cash offers that are at list price or higher.

Inspection 544

Inspection Inventory Buyers Sellers 544

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8% Roughly 47.4%

Housing Market 378

Housing Market Mortgage Marketing Inventory 378

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Nationwide, inventory is at all-time lows.

Sellers 277

Sellers Clients Inventory Agents 277

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. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. economy remains hot.

Loan Officers 384

Loan Officers Mortgage Buyers Inventory 384

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. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response. Always will too,” one wrote.

Agents 341

Agents Realtors Clients Real Estate Agent 341

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Regularly update content, share valuable insights about the local market, and interact with potential clients.

Real Estate Agent 354

Real Estate Agent Real Estate Agents Clients 354

Housing Wire

JUNE 22, 2021

Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin also reported this month that seven in 10 buyers — 70.4% — faced bidding wars in May. Lack of inventory. We don’t have any inventory. If you’re an FHA or VA buyer, you don’t stand a chance.

Housing Market 407

Housing Market Real Estate Agent Marketing Inventory 407

Housing Wire

JANUARY 29, 2024

We played mortgage rate ping-pong, had unprecedented low levels of inventory and still there were escalating prices. Make the decision today that this is your year It’s your year in spite of mortgage rates, inventory levels, who your broker is, who gets elected and what you hear on TikTok about the market.

Real Estate Agent 420

Real Estate Agent Real Estate Agents Inventory 420

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. A wise agent right now is talking to buyers and sellers,” Brown said.

Real Estate Agent 419

Real Estate Agent Real Estate Agents Clients 419

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Our market is popular with out-of-state buyers and agents relocating from other states.

Brokerage 354

Brokerage Technology Agents Training 354

Housing Wire

APRIL 2, 2024

Through NAF Cash, the lender purchases the buyer’s chosen home upfront with cash while the buyer can rent the new home while working on selling the old home or securing financing on the new one. There are a lot more as-is offers being made out there than I would ever see before.

Loan Officers 350

Loan Officers Retail Finance Buyers 350

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 381

Sellers Housing Market Inventory Buyers 381

Housing Wire

OCTOBER 26, 2023

He testified that, in most cases, homebuyers would be unable to include buyer agent commission costs into their financing. “My concern is buyers who are cash-constrained,” Stevens said. ” But buyers are not the only ones who benefit from the current system, according to Stevens.

Buyers 365

Buyers Sellers Agents Law 365

Housing Wire

MARCH 5, 2024

An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Launched in September 2023, the company secured $1.25

Mortgage 397

Mortgage Buyers Agents Real Estate Agent 397

Housing Wire

MAY 31, 2021

And while housing demand is booming, the industry is still struggling with low inventory. To close on a home, potential buyers need to not only stand out, but work with professionals who can ensure success.

Real Estate 346

Real Estate Inventory Clients Technology 346

Housing Wire

APRIL 22, 2024

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer!

Real Estate 341

Real Estate Open Houses Brokerage Real Estate Agent 341

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%.

Realtors 381

Realtors Housing Market Marketing Buyers 381

Housing Wire

JANUARY 12, 2023

In the first half, there was record low inventory and high buyer demand due to low interest rates. Both agree that the two biggest housing indicators going into 2023 are mortgage rates and housing inventory. We will see inventory growth throughout the year, it is just a question of how much,” says Simonsen. “We

Marketing 314

Marketing Inventory Real Estate Clients 314

Housing Wire

APRIL 15, 2024

The real estate professionals we serve count on us to provide holistic property data to power their tools, give them insights they can use to advise their clients, and help them do business. That same inventory powers the tools, services, and insights that are used to facilitate the home buying and selling process.

Real Estate 385

Real Estate Business Agents Tools 385

Housing Wire

FEBRUARY 28, 2021

Despite low inventory, the housing market is expected to remain strong in 2021 due to low mortgage rates. Real estate brokers need to be able to target these clients effectively, so they can close deals quickly. By providing real estate brokers with real-time buyer data, they’re able to stand out against the competition.

Real Estate 407

Real Estate Brokerage Valuation Clients 407

Housing Wire

FEBRUARY 22, 2024

Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers. Employing targeted marketing strategies is equally vital to optimize exposure to potential buyers, minimize days on the market, and maximize the final sales price.

Business 346

Business Marketing Real Estate Legal 346

Housing Wire

SEPTEMBER 11, 2023

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories.

Inventory 376

Inventory Technology Design Tools 376

Housing Wire

MAY 20, 2022

One of my agents has a client who is making an offer on a house that will probably end up going for over $250,000 over list price and most of what we are seeing is either all cash offers or eliminating contingencies.”. But, I do believe it is going to be really competitive, and buyers are going to have to move fast to get a house.”.

Housing Market 371

Housing Market Marketing Real Estate Agent Real Estate 371