Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

APRIL 6, 2022

Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. . However, surge in rates, home-price appreciation, and insufficient for-sale inventory is restraining purchase activity. The survey, conducted since 1990, covers over 75% of the retail residential mortgage applications.

Inventory 398

Inventory Mortgage Retail Contracts 398

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 371

Inventory Renovations Supply Chain Buyers 371

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

Housing Market 384

Housing Market Buyers Marketing Retail 384

Housing Wire

APRIL 19, 2023

However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. retail residential mortgage applications. As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. Overall, mortgage applications fell last week by 8.8%

Buyers 347

Buyers Mortgage Marketing Inventory 347

Housing Wire

SEPTEMBER 30, 2022

Many LOs will leave the industry (especially the ones that only do refis and only sell interest rates), others will move probably from retail to wholesale. There is more inventory relative to demand, and deals can be found. The post With mortgage rate volatility, buyers can save by shopping around appeared first on HousingWire.

Buyers 449

Buyers Mortgage Loan Officers Retail 449

Housing Wire

DECEMBER 9, 2023

Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. Now lets take a look at the weekly inventory data. Last year, according to Altos Research , the seasonal peak for housing inventory was Oct. Weekly inventory change (Dec.

Mortgage 518

Mortgage Inventory New Listings Sellers 518

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. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

Loan Officers 343

Loan Officers Retail Finance Buyers 343

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

Loan Officers 365

Loan Officers Agents Retail Technology 365

Housing Wire

AUGUST 13, 2023

Weekly active inventory grew slowly again and purchase apps were down week to week again. This happened as expected, except we had a lousy bond auction, which meant too much debt supply came online with insufficient buyers. For those calling for a massive inventory spike since 2008, the last few years have not gone as planned.

Mortgage 360

Mortgage Inventory New Listings Retail 360

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza.

Investors 386

Investors Renovations Marketing Retail 386

Housing Wire

OCTOBER 15, 2020

The good news is that there is plenty of demand for vacant properties, from both nonprofit and for-profit buyers. Seeking new inventory sources. The post As vacant foreclosures increase, so does buyer interest appeared first on HousingWire. Our approach as an organization is very incremental. We have a plan for every parcel.”.

Buyers 330

Buyers Development Renovations Retail 330

Housing Wire

APRIL 26, 2023

Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. Prices are still expensive, forcing buyers to look at less expensive homes or areas not as preferred. retail residential mortgage applications.

Mortgage 384

Mortgage Loan Officers New Listings Government 384

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. Retail sales also came in a bit lighter than expected: HW+ Member: Are you implying that the builder survey and retail could influence the Fed to come off the 75 bps guidance? Once we hit 1.52-1.93 Last year we had roughly 6.7

Inventory 337

Inventory Investors Retail Housing Market 337

Housing Wire

MARCH 30, 2023

Just having those additional layers in the retail model really creates strain there,” Kirby said in an interview. I think maybe if you look back a few years, the broker space from a technology perspective was lacking, but has really caught up to where retail was (…). What is the upside of launching a mortgage broker shop?

Mortgage 345

Mortgage Retail Loan Officers Brokerage 345

Housing Wire

MAY 24, 2023

retail residential mortgage applications. The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% Refis comprised 27.4%

Mortgage 378

Mortgage Inventory Retail Housing Market 378

Housing Wire

JUNE 8, 2022

“The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months. These worsening affordability challenges have been particularly hard on prospective first-time buyers,” Kan added. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019.

Mortgage 392

Mortgage Inventory Contracts Retail 392

Housing Wire

FEBRUARY 16, 2023

Does this mean mortgage rates are close to reaching the 7% level again? “Mortgage rates have been rising after the jobs report was solid, retail sales beat expectations, and the homebuilder’s confidence is rising,” Logan Mohtashami , lead analyst for HousingWire , said. Economic data indicating that the U.S. ”

Mortgage 400

Mortgage Retail Housing Market Buyers 400

Housing Wire

JULY 20, 2023

Simultaneously, retail sales improved modestly and industrial production declined on waning demand. Ironically, the elevated mortgage rates are not making a dent on home prices, which remain high because of a depleted inventory. Hence, the lower mortgage rates bring little relief to hopeful homebuyers.

Mortgage 290

Mortgage Construction Inventory Investors 290

Housing Wire

MAY 25, 2022

Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The survey, conducted since 1990, covers more than 75% of the retail residential mortgage applications. The seasonally adjusted purchase index rose 0.2% from 10.5% in the prior week. from 11.1% the prior week.

Mortgage 401

Mortgage Contracts Retail Inventory 401

Housing Wire

NOVEMBER 23, 2020

Buyers are showing up in force at the live foreclosure auctions, both in-person at the auction venues and now also virtually, thanks to the Remote Bid feature on the Auction.com mobile app,” Price said. Where available, this feature allows buyers to participate in real time at the auction from just about anywhere.”.

Buyers 527

Buyers Real Estate Investors Retail 527

Housing Wire

MAY 10, 2023

retail residential mortgage applications. Lower rates from week to week have helped buyers in the market, but limited for-sale inventory remains a challenge for many homebuyers,” Kan said. The MBA data shows that mortgage applications increased 6.3% for the week ending May 5 from one week earlier. the prior week.

Mortgage 353

Mortgage Retail Inventory Buyers 353

Hank Miller Team

DECEMBER 17, 2021

It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring? So what's in store for home buyers and sellers that have to make a move this spring? See the inventory bumps as we head into the first quarter?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

APRIL 18, 2023

The outside distributor retail is a hedge against the call center in the different environments. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

Retail 294

Retail Business Agents Loan Officers 294

Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. We just see a lot of growth opportunities here in terms of building our branch and building our team,” Lotsoff said in an interview with HousingWire.

Loan Officers 366

Loan Officers Mortgage Lending Retail 366

Housing Wire

MAY 21, 2024

I’m still focusing on those markets with very low (retail) inventory. That puts it firmly on a very well beaten path when it comes to demand from buyers at foreclosure auction. It’s very, very market dependent right now. If I get something it will be a bidding war (when I sell).” and up from 56.8% in Q1 2023.

Marketing 423

Marketing Investors Real Estate Investing 423

Housing Wire

JUNE 3, 2022

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6%

Construction 429

Construction Renovations Transportation Real Estate 429

Housing Wire

AUGUST 10, 2023

The share of distressed property auction buyers who say they are owner-occupants nearly doubled over the last year, boosted by a game-changing government policy that took effect last August. That was nearly double the 8% of buyers who described themselves as owner-occupants in a February 2022 Auction.com buyer survey.

Renovations 329

Renovations Buyers Development Insurance 329

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data line for this week.

Housing Market 369

Housing Market Marketing Inventory New Listings 369

Housing Wire

NOVEMBER 3, 2020

Online real estate marketing platform Hubzu has launched a new mobile app, available for residential real estate buyers. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. Since 2009, it has facilitated the more than 4.5 million bids and the sale of more than 225,000 homes.

Real Estate 246

Real Estate Tools Technology Retail 246

Housing Wire

APRIL 12, 2023

The uptick in mortgage applications was a welcome change for the struggling housing market, which has been plagued by affordability issues that have kept many would-be buyers on the sidelines. retail residential mortgage applications. Overall, mortgage applications increased last week by 5.3% last week.

Mortgage 329

Mortgage Retail Housing Market Contracts 329

Housing Wire

MAY 4, 2022

“The purchase market remains challenged by low levels of housing inventory and rapid home-price gains, as well as the affordability hit from higher mortgage rates that are forcing prospective buyers to factor in higher monthly payments,” Kan said. percent, up from 4.89 percent the prior week. from 10.6% from 10.2%.

Mortgage 363

Mortgage Contracts Retail Inventory 363

Housing Wire

JULY 27, 2022

He added: “A potential silver lining for the housing market is that stabilizing mortgage rates and increases in for-sale inventory may bring some buyers back to the market during the second half of the year,” the economist said. retail residential mortgage applications.

Mortgage 369

Mortgage Retail Contracts Inventory 369

Housing Wire

SEPTEMBER 22, 2022

Business is at a “dead stop,” said a retail loan officer in Michigan. LOs interviewed by HousingWire said that most of their past clients don’t have a reason to sell their houses and that prospective buyers are waiting on the sidelines unless life happens — job relocations, marriage, divorce, pregnancy and death.

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

Housing Wire

APRIL 29, 2022

With inventory remaining tight and demand still strong, Davis only sees this trend increasing as we get further into spring. Like elsewhere in the country, Rochester is experiencing a record low level of inventory combined with a heightened demand for housing. Rochester, New York. Columbus, Ohio.

Housing Market 320

Housing Market Marketing Agents Real Estate 320

Housing Wire

JULY 26, 2022

How auction buyer data foreshadows housing market shifts. The retail housing market data, released by Redfin at the end of June, shows the median asking price for newly listed homes for sale in the four weeks ending June 26 dropped 1.5% The 10-city and 20-city composites each posted monthly gains of 1.3%.

Housing Market 365

Housing Market Inventory Retail Marketing 365

Housing Wire

JULY 20, 2023

Licensed in 46 states, On Q Financial originated $2 billion in 2022 — 85% of the volume coming from its retail channel and 15% coming from the correspondent and wholesale channel, according to Lamb. New builds are a bright spot in a bleak housing market as buyers seek new builds due to the lack of resale inventory.

Loan Officers 234

Loan Officers Brokerage Real Estate Lending 234