Housing Wire

APRIL 26, 2024

Even though sellers are getting top dollar at the moment, they should price competitively to attract buyers from the start and avoid having to drop their price as stubbornly high mortgage rates eat into buying budgets. Rising costs for homeowners insurance are also playing a part in sagging affordability. from 2018 to 2023.

Housing Market 351

Housing Market Marketing Insurance Sellers 351

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. Mortgage Insurers.

Insurance 543

Insurance Mortgage Finance Buyers 543

Housing Wire

APRIL 14, 2023

First-time homebuyers are the driving force of the housing market and typically utilize low down payment mortgages to achieve homeownership. The benefits of homeownership only accrue if first-time buyers can both successfully purchase a home at a reasonable price and remain in it for the long-term, weathering various economic cycles.

Finance 333

Finance Buyers Insurance Housing Market 333

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 471

Real Estate Buyers Agents Sellers 471

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. It was too darn hot: the housing market slows down.

Insurance 470

Insurance Bracketing Legal Business 470

Housing Wire

AUGUST 17, 2022

Articles about rates, housing inventory and inflation were among our most popular, including: Purchase mortgage rates fall same week as Fed rate hike New home sales make it clear, housing is in a recession The nation’s housing market is on a correction course.

Housing Market 378

Housing Market Marketing Insurance Inventory 378

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. It is keeping the pressure on buyers to shop wisely,” Kent Redding, a local Berkshire Hathaway Home Services agent, said.

Housing Market 353

Housing Market Marketing Inventory Buyers 353

Housing Wire

JANUARY 22, 2024

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. of Chicago homes amid a housing shortage,” the company said in an email about the report according to the Sun-Times. Boomers own 35.6%

Housing Market 318

Housing Market Marketing Construction Insurance 318

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. You need a buyer and seller,” Brown said. mortgage insurance market in 2023 to deteriorate. mortgage insurance sector, according to the report.

Housing Market 417

Housing Market Marketing Insurance Mortgage 417

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. I really think until we see inventory move in our favor, it’s still going to be a tough market for a buyer.

Buyers 379

Buyers Housing Market Marketing Real Estate Agent 379

Housing Wire

SEPTEMBER 20, 2021

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. This is a strategic move as some of the hottest housing markets in the country are currently located in Nevada, California and Arizona.

Insurance 297

Insurance Brokerage Real Estate Technology 297

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. While the labor market is getting less tight, it’s not broken yet. Purchase application data Purchase application data has been the main stabilizing data line for the housing since Nov.

Inventory 513

Inventory Housing Market Marketing New Listings 513

Housing Wire

MAY 28, 2023

Louis Fed : Initial claims for unemployment insurance benefits increased by 4,000 in the week ended May 20, to 229,000. Weekly housing inventory The growth in active listing inventory has been tepid this year. A seller is a traditional buyer, so when affordability isn’t great, some people don’t list their homes to sell to buy another.

Housing Market 493

Housing Market Mortgage Marketing Inventory 493

Housing Wire

DECEMBER 22, 2022

The challenges buyers face today are significant: higher interest rates, higher home prices, historically low inventory, increasing costs for labor and materials and supply chain challenges. On the surface, these factors might make the outlook for the housing market look bleak, particularly for first-time homebuyers.

Housing Market 377

Housing Market Marketing Insurance Supply Chain 377

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. “The

Housing Market 332

Housing Market Marketing Construction Real Estate 332

Housing Wire

MARCH 8, 2024

According to the Insurance Bureau of Canada , roughly 1.5 million homes, representing about 10% of the nation’s housing market, are already unable to obtain flood insurance as many insurers across Canada avoid flood zones. In addition, Canada doesn’t have a national flood insurance program. In the U.S.,

Insurance 364

Insurance Mortgage Housing Market Buyers 364

Housing Wire

MAY 7, 2023

Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. As you can see in the chart below, there is a big difference between the current housing market and those looking for a repeat of 2008. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Average mortgage rates rose by about a half percentage point in May and June, pricing some buyers out and limiting closed sales in July. The National Association of Realtors (NAR) suggested a 2.2%

Buyers 298

Buyers Inventory Realtors Housing Market 298

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. In the realtor survey, Millennials were the largest home buyer generation represented.

Buyers 401

Buyers Inventory Realtors Finance 401

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” ” Where is the housing market heading?

Housing Market 368

Housing Market Marketing Mortgage Buyers 368

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. According to the brokerage, 6.5%

Sellers 497

Sellers Buyers Inventory Real Estate Agent 497

Housing Wire

JUNE 25, 2023

The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market.

Inventory 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

MAY 2, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The impact on housing markets. To register for the HW+ event, go here.

Housing Market 381

Housing Market Marketing Buyers Inventory 381

Housing Wire

JUNE 27, 2022

Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. The culling. ” Brokerages prepare for leaner times.

Housing Market 407

Housing Market Marketing Brokerage Real Estate 407

Housing Wire

FEBRUARY 3, 2022

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. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.

Housing Market 404

Housing Market Marketing Supply Chain Mortgage 404

Housing Wire

SEPTEMBER 17, 2020

First-time homebuyer activity decreased mostly in part due to the economic effects of the pandemic, but it still remains the most active segment in the purchase space of the housing market. compared to last year, according to Genworth Mortgage Insurance. A quick rebound in May moderated the market decline.”.

Buyers 414

Buyers Insurance Finance Housing Market 414

Housing Wire

MAY 15, 2024

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) sat at 45 in May, down 6 points from April ’s reading of 51, according to data released on Wednesday. This will further increase the cost of construction in a market that sorely needs more inventory for first-time and first-generation buyers.”

Buyers 338

Buyers Housing Market Insurance Construction 338

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

Housing Market 385

Housing Market Marketing Construction Insurance 385

Housing Wire

SEPTEMBER 28, 2023

Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. Some would-be home buyers are taking a pause and readjusting their expectations about the location and type of home to better fit their budgets.”

Housing Market 424

Housing Market Contracts Government Buyers 424

Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters.

HOA 370

HOA Insurance Legal Fees Valuation 370

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market. 5000 list of America’s fastest-growing private businesses.

Buyers 348

Buyers Retail Loan Officers Insurance 348

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Helena [California] whose home burned down in the last fire and only half of it was covered by the insurance company.

Buyers 438

Buyers Real Estate Agent Real Estate Brokerage 438

Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average. It’s causing buyers to rethink their plans.”

HOA 464

HOA Law Insurance New Listings 464

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. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception.

Finance 425

Finance Real Estate Agent Real Estate Insurance 425

Housing Wire

MARCH 8, 2022

While large title insurers like Stewart , First American and Old Republic have been making headlines for their voracious acquisitions appetite, smaller players too are looking to expand their piece of the pie. ATA is not the only firm interested in capitalizing on Michigan’s hot housing market.

Insurance 334

Insurance Housing Market Clients Marketing 334

Housing Wire

MARCH 11, 2024

The initiative helps with the lack of houses for sale, but these sellers are likely to become buyers again and will continue pressure the market. The country is suffering from a dearth of housing supply, not a lack of demand,” Boltansky wrote in the report. percentage points and helping about 3.5 million families.

Insurance 379

Insurance Mortgage Government Inventory 379