Housing Wire

APRIL 8, 2021

As movers flock to secondary cities in search of more land for less cash, the Utah housing market – land of ski slopes and mountain trails – has become a popular destination, especially for those leaving California. But when houses do hit the Utah housing market, they’re snatched up in a hurry.

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Housing Market Marketing Sellers Buyers 403

Housing Wire

JANUARY 9, 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 predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Retail Sellers Buyers Market Value 435

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. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

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Finance Real Estate Agent Real Estate Insurance 428

Housing Wire

JANUARY 24, 2024

Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. The Mortgage Bankers Association predicts that the average rate on 30-year mortgages could be 6.1% by the end of 2024.

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Insurance Sellers Buyers Housing Market 428

Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. In August, the sales pace of new homes fell 8.7%

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Housing Wire

FEBRUARY 26, 2024

As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount. On the demand side, buyers are wary of purchasing a condo since it has become less affordable. It’s causing buyers to rethink their plans.”

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HOA Law Insurance New Listings 466

Housing Wire

JUNE 4, 2024

As someone who is invested in this industry, I see this development not as a failure of one company, but as a testament to the ongoing evolution and diversification within the real estate industry. I vividly recall when Homie first entered the market.

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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.

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Housing Wire

MAY 14, 2024

Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

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Sellers Realty Insurance Realtors 304

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

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Clients Agents Buyers Sellers 384

Housing Wire

MAY 25, 2022

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. Smart home features also pique the interest of two-thirds of new build buyers.

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Construction Real Estate Buyers Sellers 431

Housing Wire

MAY 10, 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. David Doctorow : We feel for home buyers and sellers. DD: The first step is educating yourself about what’s available and possible for today’s home buyers and sellers. .

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Real Estate Agent Real Estate Agents Marketing 406

Housing Wire

NOVEMBER 13, 2023

The writer in the Economist says, “…either the fat fee [real estate commission] inflates the house price, or the buyer ends up paying a similar fee when he or she sells.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.”

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Real Estate Realtors Agents Buyers 345

Appraisal Buzz

JUNE 3, 2024

Many of them are buyers, but they are underwriting deals based on the new interest rate and pricing reality in the market. This is a reality that many sellers are unwilling to accept unless they are forced to. Well-located assets will typically always have buyers. These sponsors may skip steps and cover up shoddy work.

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Investors Marketing Real Estate Renovations 195

Housing Wire

FEBRUARY 1, 2023

As expected, the Federal Reserve slowed the rate hikes in 2023 amid cooling inflation data, sparking hopes of a recovery for the housing market this year. The Federal Open Market Committee (FOMC) on Wednesday afternoon decided to raise the federal funds rate by 25 basis points to the 4.50%-4.75% range. Nik Shah, CEO at Home.LLC.,

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Housing Market Mortgage Marketing Sellers 376

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

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Housing Market Bracketing Marketing Sellers 61

Housing Wire

JULY 15, 2022

This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.

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Real Estate Realtors Brokerage Business 363

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. CMS is going heavy on a rarely used mortgage product to solve this market problem. The buyer must submit to the application and underwriting process to qualify, just as they would in any new mortgage.

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Mortgage Loan Officers Government Buyers 370

Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. But the U.S.

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Insurance Clients Marketing Housing Market 328

Housing Wire

MARCH 4, 2022

Headquartered in San Francisco, the company focuses on “creating an instant and enjoyable home closing experience for buyers and sellers.” ” Below, Simkoff answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article?

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Real Estate Technology Insurance Buyers 365

Housing Wire

APRIL 4, 2022

“The only guy who isn’t affected by interest rate growth right now is someone who is buying a million-dollar house, putting down 25% to 30%,” Westcott said. With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers.

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Insurance Loan Officers Sellers Mortgage 363

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? As energy efficiency becomes a more visible data point, it’s likely that this will become a marketing point for eco-conscious renters and buyers. Secondary Real Estate Markets On the Rise.

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Real Estate Supply Chain Marketing Construction 435

Housing Wire

MARCH 1, 2022

LLR is not a newcomer to mortgage technology or the overall fintech market. million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Clearly, we love that the housing market supports so many professionals and households.

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Real Estate Brokerage Real Estate Agent Technology 330

Housing Wire

AUGUST 17, 2021

The subsequent lack of inventory, coupled with the high demand, has caused buyers to compete for properties, offering incentives and prices way above the asking price. Most buyers end up making multiple offers , working with brokers over more extended periods due to increased competition.

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Mortgage Inventory Real Estate Technology 506

Housing Wire

APRIL 13, 2021

The development is intriguing for a few reasons. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. Presented by: Propertybase.

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Real Estate Agent Real Estate Brokerage Realtors 404

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Meanwhile, buyers are plucking up homes left and right.

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Appraisal Valuation Modernization Contracts 397

Hank Miller Team

OCTOBER 19, 2022

The pandemic induced hysteria around the Atlanta housing market is rapidly giving way to balance and with it, the return of a special type of nonsense. Some home sellers take things personal and can be reluctant to acknowledge the changing market; none of that applies to their home.

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Sellers Agents Buyers Inventory 40

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. You can see that’s a really big impact for that first-time buyer, giving them the ability to kind of ease into that payment.”

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Marketing Government Mortgage Sellers 404

Housing Wire

MARCH 22, 2023

On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike. Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation.

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Lending Housing Market Mortgage Marketing 380

Miller Samuel

NOVEMBER 30, 2018

As we say in the petition , this change can impact several groups in particular: consumers, the taxpayers, the housing market and appraisers. If the buyer realizes they overpaid for the property, the agents are now the professionals with the bullseye on their back. Ever heard of straw buyers?

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Appraisal Inspection Real Estate Agent Agents 300

Cleveland Appraisal Blog

OCTOBER 14, 2021

Another issue that led to the housing crash of 2008, was unqualified buyers who were able to secure mortgages on homes they couldn’t really afford. The shortage of housing inventory we were already experiencing, became much worse because people were not able to, or not willing to sell their homes. And the saga continues.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

MARCH 1, 2024

Both buyers and sellers are coming back to the market,” Fischer said. From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.”

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Housing Market Marketing Inventory Construction 406

Cleveland Appraisal Blog

DECEMBER 2, 2021

It really depends on the neighborhood and what the typical buyer in that neighborhood is looking for. I find that often, driveway size does not have any major impact on market value, as long as the driveway is typical for the neighborhood. It depends on the area and the type of home, and what buyers expect.

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Appraisal Buyers Market Value Real Estate Agent 243

Hank Miller Team

SEPTEMBER 1, 2022

Properly priced homes still command attention despite the ongoing Atlanta area housing market adjustment. The data into the 3rd Qtr of 2022 will show the pull back and move toward a balanced market, but as with everything real estate related, the devil is in the details. Buyers can breathe a bit and be more selective.

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Sellers Buyers Real Estate Marketing 52

Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ On the existing-home market , agents say the lack of inventory is due to a rate-lock effect, as homeowners with mortgage rates at 5% or below are reluctant to give up their rate unless a major life change necessitates a move.

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Inventory Housing Market Marketing Real Estate 300

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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Housing Market Marketing Supply Chain Mortgage 513

Hank Miller Team

DECEMBER 6, 2023

Given the pandemic fueled real estate market and historically low housing inventory, it can be difficult to understand why a home fails to sell. Yet, some sellers can’t find a buyer for their home. While the market cooled into late 2023, sellers still held sway in many regional and local markets.

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Sellers Buyers Agents Inventory 52