Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Pending home sales climb There are 362,000 single-family homes under contract. We’re showing 6% more homes in contract now than last year. Homes stay under contract for 30 to 40 days. The rate of home sales is picking up!

Mortgage 459

Mortgage Contracts Inventory New Listings 459

Housing Wire

MARCH 22, 2024

For the most part we are saying, at a minimum, we want a four- to six-month contract because the buying process can be a lengthy process,” said Amy Breach, a broker with the Seattle-based and Keller Williams -branded The Hill Team. But the Washington state contracts come with the option to make the relationship exclusive or nonexclusive.

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

JUNE 25, 2024

Her analysis also notes problematic provisions in CAR’s contract related to dispute resolution, dual agency, commissions owed and buyer cancellation. The contrast between the CAR and eXp contracts could not be sharper,” Stephen Brobeck, a CFA senior fellow, said in a statement. The eXp contract is written with the buyer in mind.

Realtors 418

Realtors Buyers Contracts Realty 418

Housing Wire

JUNE 3, 2024

These are the homes that go into contract immediately after listing. Only 17% of the new listings went immediately into contract this week. Of the 76,000 new listings, 13,000 are already in contract. Pending sales There are 406,000 single-family homes in contract, just 1% more than a year ago.

Inventory 516

Inventory Contracts New Listings Sellers 516

Housing Wire

OCTOBER 7, 2024

The suit alleges that if the homeowner agreed to take part in MV Realty’s program, “a third-party notary with no information about the contract was sent to the home, where the homeowner was presented with a multi-page contract with small font and confusing legal jargon for the first time and told to sign.”

Realty 448

Realty Contracts Legal Brokerage 448

Housing Wire

APRIL 1, 2024

Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. That’s 18% growth over last year when we include the immediate sales that were newly listed and are already in contract.

Inventory 488

Inventory New Listings Contracts Sellers 488

Appraisal Buzz

JULY 31, 2024

The rise in housing inventory is beginning to lead to more contract signings,” said Lawrence Yun, NAR Chief Economist. A measure of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) increased to 74.3 The level of contract activity in 2001 is represented by an index of 100. in the South, 4.7%

Contracts 397

Contracts Inventory Buyers Housing Market 397

Housing Wire

JUNE 4, 2024

Supreme Court rejected a challenge to its funding mechanism in mid-May, the Consumer Financial Protection Bureau (CFPB) is now targeting the use of what it deemed ”unlawful or unenforceable” terms and conditions in contracts. On Tuesday, the U.S.

Legal 439

Legal Contracts Law Lending 439

Housing Wire

AUGUST 27, 2024

Dubbed the “Contingency Buster,” the product uses its Purchase Price Guarantee (PPG), a binding backup contract that if a homebuyer’s current home does not sell within 150 days, the fintech will purchase it at an agreed-upon price, the company said in a release Tuesday.

Contracts 459

Contracts Real Estate Agent Real Estate Buyers 459

Housing Wire

MAY 6, 2024

These are new listings that are already under contract, so they’re not counted in the active inventory. In fact 28,000 of these listings went into contract immediately, compared to 22,000 now. There are only 3% more homes in contract now than at this time last year. More home sellers are coming back to the market each week.

Inventory 475

Inventory Contracts Sellers New Listings 475

Housing Wire

MARCH 25, 2024

We can measure home sales in real time by tracking all the homes that moved to contract pending status this week. They’ll spend 30 or 40 days in contract and the sales will mostly close in April or May. There were 67,000 new contracts for single family homes this week compared to only 62,000 in the same week last year.

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

MAY 13, 2024

New listings Slightly fewer new listings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract. Pending sales The total count of homes under contract is just barely above that of May 2023. And there are only 2% more homes in contract now than a year ago.

New Listings 496

New Listings Contracts Inventory Sellers 496

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. New pendings The holiday weekend pushed a few contracts out later too. Meanwhile, homes are spending just under 40 days in contract now. They don’t have to fall.

Inventory 493

Inventory Contracts New Listings Sellers 493

Housing Wire

JULY 8, 2024

There were another 16,000 new listings that are already under contract as immediate sales — that’s 87,000 total sellers this week. Pending home sales up There were 68,000 new contracts started for single-family home sales this week. This week recorded 8% fewer contracts than a year ago.

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

SEPTEMBER 9, 2024

For every two homes going into contract each week, there’s a third withdrawn for lack of an offer. With another 12,000 new listings that are already in contract. Pending home sales keep a lid on inventory For each of the new contracts pending, there’s a third home withdrawn from the market. The other reason is the withdrawals.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

OCTOBER 7, 2024

Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Homes stay under contract for 30 to 40 days. It was just under a 1% increase this week.

Housing Market 475

Housing Market Marketing Mortgage Contracts 475

Housing Wire

AUGUST 25, 2024

Agently Brokerage pricing: $459 per month for up to 20 users Contract required: None Integrations: Follow Up Boss, Sierra Interactive, kvCORE, Chime Agently is a gamified agent productivity app that simplifies agent onboarding, accountability and training to help agents stay motivated to hit sales goals. Here are our three top picks for 2024.

Real Estate 432

Real Estate Brokerage Contracts Training 432

Appraisal Buzz

NOVEMBER 27, 2024

NAR’s Pending Home Sales Index (PHSI)–a forward-looking indicator of home sales based on contract signings–rose 2% to 77.4 An index of 100 is equal to the level of contract activity in 2001. It’s encouraging to see contract signings increasing in all major regions of the country,” said Yun. in October. in October, up 2.5%

Contracts 418

Contracts Inventory Mortgage Buyers 418

Housing Wire

JANUARY 8, 2024

There are now 247,000 single family homes in contract. That is 4.25% more homes in contract now than last year at this time. New contracts up New contracts were 13% more than last year during the first week of January. Sales were held back for lack of sellers. So the sales rate is already growing for 2024.

Real Estate 508

Real Estate Marketing Inventory New Listings 508

Housing Wire

JULY 15, 2024

That’s a very small number of new listings that took offers and went into contract immediately. There were 58,000 new contracts this week — about the same level as the last two years over the holiday. There are 382,000 total single-family homes in contract now. These pending contracts are the proxy for what’s selling.

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

OCTOBER 21, 2024

Pending home sales up There were 60,000 single-family homes which took offers and went into contract this week across the country. That’s 9% more than last year and in fact 11% more sales contracts started than the same week in October 2022. Overall, there are 358,000 single-family homes in contract. right now is $439,900.

Sellers 467

Sellers Inventory New Listings Contracts 467

Housing Wire

DECEMBER 5, 2024

Coffee & Contracts: @coffeecontracts Content style: Creative marketing resources for real estate agents Coffee & Contracts is like discovering a secret weapon for your real estate business. If you want content that is sure to wow your followers and attract new leads, Coffee & Contracts has everything you need to get there.

Real Estate 397

Real Estate Agents Real Estate Agent Luxury Properties 397

Housing Wire

OCTOBER 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. These are the homes that got listed for sale and took offers and went into contract within just a few days of listing. Home prices ticked up this week.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

APRIL 29, 2024

In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Plenty of homes are receiving offers and going into contract immediately upon being listed — 21,000 this week, or 22.5% There were 76,000 new contracts started this week for single-family homes in the U.S.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

OCTOBER 3, 2024

In order to do this, Team formed EMC, and a former colleague formed Aika, which subsequently obtained a contract to build the software for KW. But according to the counterclaim, Aika funneled some of the money it received as part of the contract back to Team through EMC.

Contracts 426

Contracts Legal Technology Real Estate 426

Housing Wire

OCTOBER 21, 2024

GNMA and TCB signed no contract explicitly acknowledging GNMA’s rights in the tails,” the judge wrote, later adding that “a contract providing for the power to extinguish did exist. The contract that satisfies the statute is the Guaranty Agreement between RMF and GNMA.

Contracts 442

Contracts Law Mortgage Legal 442

Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand. Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand.

New Listings 504

New Listings Inventory Contracts Housing Market 504

Housing Wire

MAY 20, 2024

Before any interaction between buyer and seller agents , potential sellers and buyers would sign contracts with their brokers The buyer agreement would state what services would be provided by the buyer broker and what compensation they would receive. The negotiation would continue until the parties agreed to the terms of the sale.

Buyers 449

Buyers Agents Counter Offer Sellers 449

Housing Wire

JUNE 18, 2024

NOVAD, which held the HUD HECM servicing contract for assigned loans from 2014 to 2022 , worked with Sutherland to form the HECM loan servicing operation on behalf of HUD. Celink was awarded the HECM servicing contract in 2022. NOVAD filed a protest in June of that year, but Celink assumed the contract in December.

Contracts 447

Contracts Property Taxes Government Law 447

Housing Wire

NOVEMBER 18, 2024

When we add back in another 7,500 new listings with immediate sales — those are already in contract and not added to the active inventory — overall that’s just 3% more sellers than a year ago. Frankly, it feels like the housing market is contracting a bit now in November.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

JUNE 6, 2024

Department of Housing and Urban Development (HUD)’s Home Equity Conversion Mortgage (HECM) servicing contract and is a HECM subservicer for several major lenders. Celink assumed control of the HECM servicing contract with HUD in late 2022. It also added Altisource to help manage its HECM portfolio.

Mortgage 443

Mortgage Contracts Investors Investing 443

Housing Wire

APRIL 22, 2024

There were 71,000 new contracts started for single-family homes this week. There are now 385,000 single-family homes under contract. New sales started this week saw 7% growth while the total number of homes under contract saw 5% growth. The homes under contract now will mostly close in April and May. That jumped by 2.4%

Inventory 530

Inventory New Listings Sellers Contracts 530

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 501

Inventory Contracts Realtors Buyers 501

Housing Wire

AUGUST 16, 2024

The company said that buyer agents can produce compliant offers and contracts in seconds, from any digital device, with its Contracts AI tool. The platform will collect and validate offers from buyers, a process the company calls the “Home Checkout.” Much of the paperwork related to a transaction will be automated.

Real Estate 464

Real Estate Real Estate Agent Contracts Brokerage 464

Housing Wire

JUNE 12, 2024

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02% from 7.07%, with points unchanged at 0.65 (including the origination fee) for 80% loan-to-value ratio (LTV) loans. The FHA share of total applications decreased to 13.1% from 13.2% from the prior week.

Business 462

Business Mortgage Contracts Inventory 462

Housing Wire

NOVEMBER 30, 2024

Weekly pending sales The weekly pending contract data from Altos Research gives us an extraordinary glimpse into real-time housing demand. It’s encouraging to see pending contracts holding up year over year, even though home prices and mortgage rates have been higher recently.

Mortgage 518

Mortgage Inventory New Listings Contracts 518

Housing Wire

JULY 31, 2024

A reading of 100 is equal to the level of contract activity in 2001. The Northeast’s small gain in contract signings is due to the ongoing housing shortage situation in that region, leading to stronger home price gains. The index rose from a reading of 70.8 in May to 74.3 in June, although the latter reading was down 2.6%

Housing Market 468

Housing Market Inventory Contracts Realtors 468