Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). The number of buyers who are bringing all cash to the transactions has been on the rise. Luxury buyers have also been resilient, Sturtevant added. Pending home sales increased by 3.4%

Inventory 389

Inventory Buyers Realtors Investors 389

Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. For the buyer of a median-priced home, these lower prices translate into a $9,800 savings on a 20% down payment.

Buyers 365

Buyers Mortgage Landlords Law 365

Appraisal Buzz

APRIL 30, 2024

In today’s mortgage landscape, mortgage loan originators (MLOs) must find their way to success through an increasingly complex and difficult market. MLOs that adapt these strategies to their unique local market will be able to provide value to their clients. That presents a unique challenge as well as an opportunity.

Marketing 195

Marketing Real Estate Agent Renovations Buyers 195

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise.

Buyers 466

Buyers Realtors Inventory Sellers 466

Housing Wire

JUNE 11, 2024

Seattle -based proptech company Flyhomes announced Tuesday that it has acquired the assets of startup ZeroDown and is launching an artificial intelligence (AI)-powered home search portal to bring “conversational real estate search and research to the market.“ How does the job market here compare to other cities?”

Real Estate 359

Real Estate Real Estate Agent Design Technology 359

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”

Marketing 402

Marketing Inventory Renovations Investors 402

Housing Wire

MARCH 31, 2021

The Bay City Realtor Association reported that 222 homes have already been sold in 2021 – a 7.9% “People come here and they see our prices, and their eyes become saucers,” said Barb Appold, a realtor for Berkshire Hathaway Home Services MI Real Estate. Other agents mentioned that investors are swarming, as well.

Buyers 393

Buyers Investors Realtors Agents 393

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We In addition to Compass’ market share gains, the firm also recorded a 10% annual bump in revenue to $1.05

Agents 371

Agents Brokerage Real Estate Clients 371

Appraisal Buzz

MARCH 21, 2024

compared with February 2023, according to the National Association of Realtors (NAR). compared with February 2023. “Additional housing supply is helping to satisfy market demand,” says Lawrence Yun, chief economist for NAR, in a statement. Existing-home sales were at a seasonally adjusted annual rate of 4.38

Inventory 394

Inventory Realtors Investors Buyers 394

Housing Wire

FEBRUARY 10, 2023

Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. Literally, we’re right back to being a seller’s market again.” We feel like we picked up more market share in 2022,” Kechian said.

Marketing 356

Marketing Inventory Loan Officers Buyers 356

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 I have stressed that housing doesn’t move like the stock market. A real estate investor, on the other hand, doesn’t have that type of shelter relationship with a home, that a homeowner does. The housing nightmare continues.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. My rule to get the housing market out of the unhealthy stage is that we need total inventory back between 1.52

Housing Market 517

Housing Market Marketing Inventory Realtors 517

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020. million, up from 1.03

Housing Market 531

Housing Market Marketing Inventory Mortgage 531

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

Inventory 462

Inventory Marketing Housing Market New Listings 462

Housing Wire

MARCH 26, 2021

Portland, Maine, has emerged as a popular destination for current homeowners and prospective buyers looking to move out of metro areas into more spacious secondary cities. A balanced market, Davin said, requires five to six months. “It’s a full-on frenzy for buyers to secure a home.” year over year. .

Housing Market 454

Housing Market Marketing Real Estate Inventory 454

Housing Wire

MAY 24, 2024

During his tenure, Mele guided Homes.com through its acquisition by CoStar in 2021 and its emergence as a significant player in the home search market. “We Prior to CoStar’s acquisition, Homes.com sold buyer leads to agents but ceased this practice after the deal. We wish him the best of luck in his future endeavors.“

Real Estate 330

Real Estate Agents Realtors Investors 330

Housing Wire

JANUARY 8, 2024

To the buyer of an $800,000 home putting down 20%, the mortgage savings would be roughly $500. If buyers try to time their home purchase to the return of record-low rates and the historically low rates don’t return, their wait could prove costly. The 10-year Treasury closed 2023 below 4% (3.87%) from more than 5% just a month earlier.

Lending 339

Lending Development Investors Finance 339

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million and 6.16 million level.

Housing Market 481

Housing Market Marketing Inventory Mortgage 481

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 You don’t know what investor demand is going to be.

Marketing 380

Marketing Investors Government Investing 380

Housing Wire

MAY 10, 2021

So much so, in fact, that Harrisburg is ranked seventh on Realtor.com’ s list of housing markets positioned for the most growth in 2021 — ahead of Denver, Los Angeles, Las Vegas, San Diego and Dallas. Low home prices, large lots, and an up-and-coming downtown area, said Toni Reinhart, a realtor for Iron Valley Real Estate in Harrisburg.

Buyers 221

Buyers Real Estate Agent Real Estate Inventory 221

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. With investors asking for higher premiums to invest in assets caused by the expectation of higher U.S.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

NOVEMBER 7, 2023

The brokerage’s national quarterly market share grew by 26 basis points year over year, reaching 4.4% Compass agents are more likely to work in upper-echelon markets where buyers and sellers would work with agents, he said. Compass also requires their agents to ensure buy-side clients sign buyer-broker agreements.

Agents 341

Agents Real Estate Agent Realtors Brokerage 341

Housing Wire

OCTOBER 26, 2023

Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. The National Association of Realtors (NAR) also forecasts that existing-home sales will drop by 17.5% in 2023, reaching an annualized rate of 4.15

Mortgage 418

Mortgage Inventory Housing Market Realtors 418

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 373

Loan Officers Agents Retail Technology 373

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. Now that the days on the market are over 30 days, the housing market is healthier.

Inventory 477

Inventory Housing Market New Listings Buyers 477

Housing Wire

MARCH 2, 2023

But recent consumer price reports and a strengthening jobs market have led to a boomerang effect on mortgage rates, said Sam Khater, Freddie Mac’s chief economist. Lower mortgage rates back in January brought buyers back into the market. Applications have definitely slowed down in the last few weeks.

Mortgage 431

Mortgage Buyers Loan Officers Marketing 431

Housing Wire

MAY 3, 2024

RE/MAX executives were not shy about acknowledging the uncertainty that is currently plaguing the real estate industry during the firm’s first-quarter 2024 earnings call with analysts and investors Friday morning. Carlson cited RealTrends Verified data to illustrate how productive RE/MAX agents are.

Agents 335

Agents Real Estate Training Buyers 335

Housing Wire

NOVEMBER 2, 2023

Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not the one their firm was recently named as a defendant in. If buyers’ agents become less common, Redfin will prosper in that world too,” Kelman said. “We

Agents 398

Agents Technology Housing Market Training 398

Housing Wire

APRIL 14, 2022

Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market. “We know that the mortgage industry is about boom and bust,” said Woodward. “It

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

JULY 15, 2022

He has more than 15 years of industry experience, holding multiple positions in the industry including being an investor, team owner/leader, brokerage operating partner, coach and trainer and corporate executive. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.

Real Estate 362

Real Estate Realtors Brokerage Business 362

Housing Wire

APRIL 3, 2024

Many in the industry believe the National Association of Realtors ‘ proposed $418 million settlement of the commission lawsuits will help CoStar to reach its goal. In prior notes, KBW had also referred to CoStar as the “top beneficiary” of a change to the buyer agent landscape.

Real Estate 367

Real Estate Agents Buyers Business 367

Housing Wire

JULY 1, 2021

“Although low and stable mortgage rates have kept the housing market booming over recent months, a deterioration in affordability and for-sale inventory has led to a market slowdown.”. Even Lawrence Yun, NAR’s chief economist, said this came as surprise given the number of would-be buyers getting priced out in numerous markets.

Mortgage 493

Mortgage Housing Market Realtors Inventory 493

Housing Wire

FEBRUARY 18, 2022

annually to $350,000, according to the Friday report from the National Association of Realtors. months of supply; a healthy market generally has between four and six months of supply. January sales fell 2.3% from a year earlier, though the median existing-home price rose 15.4% The supply of homes for sale fell to a record low, down 16.5%

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

MAY 17, 2022

Buy with Orchard is the firm’s first product targeted to first-time buyers that provides home shoppers with the cash needed to compete with equity-rich homeowners and investors, the company said. “It has never been more difficult for first-time buyers to purchase a home,” said Court Cunningham, chief executive officer of Orchard.

Buyers 368

Buyers Investors Mortgage Valuation 368

Housing Wire

NOVEMBER 15, 2023

Earlier this month, a Kansas City jury found the National Association of Realtors (NAR), HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation rule in the Sitzer/Burnett buyer broker commission lawsuit.

Brokerage 413

Brokerage Real Estate Realty Agents 413

Housing Wire

FEBRUARY 8, 2024

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. Jane Doe is an industry-leading Realtor with a talent for selling unique properties.” Jane Doe specializes in luxury markets.”

Real Estate Agent 376

Real Estate Agent Real Estate Agents Clients 376

Housing Wire

MAY 3, 2023

I wanted to close before May 1, so I selected a buyer who was already in underwriting. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 394

Agents Real Estate Agent Brokerage Real Estate 394