Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

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. What is reverse purchase financing?

Finance 458

Finance Real Estate Agent Real Estate Insurance 458

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 most common causes for loss are mortgages, judgments, liens and mechanic’ liens.

Insurance 441

Insurance Sellers Buyers Housing Market 441

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.

Sellers 421

Sellers Realty Insurance Realtors 421

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 479

Real Estate Buyers Agents Sellers 479

Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Look for a resurgence of mortgage-rate buydowns, in which the sellers give buyers a break on the monthly payments for the first one to three years,” he added. In August, the sales pace of new homes fell 8.7%

Inventory 500

Inventory Buyers Construction Sellers 500

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. The HOA either sells the building to a developer who will renovate it or, in most cases, to a redeveloper who will tear it down and replace it with another economically viable project.

HOA 485

HOA Law Insurance New Listings 485

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.

Agents 431

Agents Realtors Clients Real Estate Agent 431

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.,

Housing Market 384

Housing Market Mortgage Marketing Sellers 384

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.

Clients 397

Clients Agents Buyers Sellers 397

Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

Housing Market 63

Housing Market Bracketing Marketing Sellers 63

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. .

Real Estate Agent 441

Real Estate Agent Real Estate Agents Marketing 441

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.

Insurance 370

Insurance Loan Officers Sellers Mortgage 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.

Insurance 384

Insurance Clients Marketing Housing Market 384

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.

Real Estate 384

Real Estate Brokerage Real Estate Agent Technology 384

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?

Real Estate 370

Real Estate Technology Insurance Buyers 370

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.

Real Estate 397

Real Estate Realtors Brokerage Business 397

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. Total year-end sales volume ended at 5.64 Therein lies the problem.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

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.

Lending 410

Lending Housing Market Mortgage Marketing 410

Housing Wire

NOVEMBER 13, 2023

Aggregate data from the housing market would confirm this. From the Wall Street Journal Editorial Board, “the commission on home sales has stayed basically flat for decades at 6%, split evenly between the buyer and seller agents.” What a truly wrong statement for which is there ample evidence to prove that it is incorrect.

Real Estate 358

Real Estate Realtors Agents Buyers 358

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.

Real Estate Agent 410

Real Estate Agent Real Estate Brokerage Realtors 410

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. As a result, there are a growing number of tech-driven companies racing to meet the growing demand.

Construction 458

Construction Real Estate Buyers Sellers 458

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.

Inventory 413

Inventory Housing Market Marketing Real Estate 413

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.

Sellers 40

Sellers Agents Buyers Inventory 40

Housing Wire

MAY 11, 2021

“We are getting better and more efficient at this,” Wu said, providing as evidence that Opendoor sold more homes during the first weekend on market and for higher prices per sale – phenomena that touched every corner of the housing market at the start of 2021. That generated a $97 million gross profit for the company.

Real Estate Agent 370

Real Estate Agent Real Estate Brokerage Inventory 370

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.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. It also allows home sellers to receive top dollar for the home, he said. The product, known as an assumable mortgage, is not new.

Mortgage 384

Mortgage Loan Officers Government Buyers 384

Housing Wire

AUGUST 17, 2021

Typically, this dynamic tends to favor the seller because, thanks to the lower interest rates, buyers are willing to borrow more and pay less interest over the life of the loan. Low housing inventory and the general uncertainty in the economy all factor into the current market price for homes and interest rates.

Mortgage 512

Mortgage Inventory Real Estate Technology 512

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. percentage points of the loan amount,” Nunziata said.

Marketing 410

Marketing Government Mortgage Sellers 410

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.

Housing Market 517

Housing Market Marketing Supply Chain Mortgage 517

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.” “Very few new construction homes are going up in our area,” Diamond said.

Housing Market 441

Housing Market Marketing Inventory Construction 441

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. The seller and the buyer determined the market value by agreeing on the price." from an out of market area) and will also mortgage fraud supercharged.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. Be safe out there!

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. The market is going to go into correction,” he said. “I

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Lamacchia Realty

SEPTEMBER 19, 2022

The article talks about how sellers are opting to rent out their home instead of selling it, as they are finding they are not getting much interest in their home, even after a price change. With higher interest rates aiding in the drop in buyer demand, sellers are seeing less activity overall. Read More ». June 22, 2022.

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Sellers Realty Housing Market Development 41

Lamacchia Realty

JANUARY 6, 2023

In 2022, these were the 10 most popular articles on our blog, covering a range of topics including market analysis, new developments, and homebuying tips. Before you buy that house with a pool, you should first be aware of a few potential caveats. When Will This Market Change? Price Adjustments in this New Housing Market.

Realty 52

Realty Law Sellers Real Estate 52

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said.

Realtors 370

Realtors Technology Insurance Mortgage 370