Housing Wire

APRIL 12, 2024

renters don’t believe in their ability to ever own a home, up from roughly 27% less than a year ago. While lack of affordability is the dominant reason for renters to believe they’re unlikely to become homeowners, nearly half of renters feel that available homes are too expensive. Redfin commissioned Qualtrics to survey 3,000 U.S.

Mortgage 452

Mortgage Investing Housing Market Marketing 452

Eppraisal

OCTOBER 27, 2023

Introduction Buying a home is a significant milestone in many people's lives. It's a decision that comes with both emotional and financial implications, and determining the right time to take this step requires careful consideration. Are you planning to stay in the area for an extended period?

Real Estate 36

Real Estate Property Taxes Finance Investing 36

Housing Wire

JANUARY 4, 2024

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate on conventional loans at 6.68% on Thursday, up from 6.56% recorded at the same time last week. The 30-year fixed-rate mortgage averaged 6.62% as of Jan.

Mortgage 437

Mortgage Inventory Sellers Marketing 437

Housing Wire

FEBRUARY 8, 2024

And HousingWire’s Mortgage Rates Center showed that Polly ’s average 30-year fixed rate for conventional loans was 6.91% on Thursday, down from 6.95% at the same time last week. According to January’s Fannie Mae Home Purchase Sentiment Index , consumer sentiment toward housing reached its highest level since March 2022.

Mortgage 437

Mortgage Marketing Sellers Buyers 437

Housing Wire

OCTOBER 16, 2023

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be.

Agents 407

Agents Buyers Sellers Inventory 407

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. more than at other times of the year, equating to an additional $7,700 on the typical U.S.

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Sellers Buyers Real Estate Inventory 417

Housing Wire

DECEMBER 14, 2023

With first-time buyers accounting for just 26% of all home purchases in 2022 — a 41-year low — the mortgage market place aims to help first-time homebuyers with the right program and mortgage products. Going forward, Stairs wants to address the systemic racial injustice in home-buying.

Technology 395

Technology Buyers Investors Mortgage 395

Housing Wire

APRIL 22, 2024

Do you remember the last time you received a letter in the mail, in an envelope, that was hand-addressed to you? Dear (first name), I know we are neighbors, yet I wanted to formally introduce myself and let you know I am a resource available to you! If you have any homes you personally sold in the neighborhood, include those here).

Real Estate 415

Real Estate Open Houses Brokerage Real Estate Agent 415

On Q Financial

MARCH 4, 2022

Are you thinking of buying a foreclosed home as investment or second home ? In today’s market, foreclosed homes can be a great way to find an affordable and desirable property. However, there are some things you need to know before you buy. How Does Buying a Foreclosed Home Work?

Buyers 68

Buyers Finance Investing Real Estate 68

Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. But when rates rocket up—as they did when the Federal Reserve raised the federal funds rate 11 times for a total increase of 5.25 In the first week of March, for example, the share of listings with price cuts ranged 25-27.2%

Mortgage 436

Mortgage Sellers New Listings Buyers 436

Housing Wire

MARCH 3, 2024

First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. The first was Q1 2023, and Q4 the second. That’s the highest share in the 10 years we’ve been tracking the metric.”

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Lending Mortgage Buyers Government 501

Appraisal Buzz

APRIL 18, 2024

Existing-home sales plummeted 4.3% compared with March 2023, as rising mortgage rates stopped the rebound heading into the spring home buying season, according to the National Association of Realtors (NAR). million existing-homes available for sale in the U.S., million, and were down 3.7% compared with March 2023.

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Inventory Realtors Buyers Appraisal 195

Housing Wire

NOVEMBER 22, 2023

million sales of existing homes nationally and home prices rise by about 4%. But it’s been a long time since we’ve seen “typical.” The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average.

Housing Market 481

Housing Market Marketing Inventory Sellers 481

Housing Wire

NOVEMBER 2, 2023

Fractional and shared ownership The concept of co-ownership and co-buying is far from a new one. Friends and family members pooling resources together for vacation homes and investment properties has been a common tradition for generations. This is done through using the equity on your existing home as a down payment.

Marketing 398

Marketing Finance Buyers Investing 398

Housing Wire

NOVEMBER 14, 2023

Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Smart home technology is not optional Gen Z marks the first generation of true digital natives.

Real Estate 501

Real Estate Buyers Renovations Open Houses 501

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. Its ability to remove friction from the buying and selling process, while adding assurance, flexibility, and customer-centricity, aligns perfectly with our core tenants here at Flyhomes.

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Contracts Real Estate Agent Tenants Retail 403

Housing Wire

APRIL 15, 2024

If the settlement is approved by the court, although agents and home sellers will not be able to list offers of compensation on the MLS, home sellers may still offer to cover the buyer’s agent fees if they so choose. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.

Buyers 529

Buyers Agents Real Estate Agent Sellers 529

Housing Wire

FEBRUARY 15, 2024

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. Everybody needs some kind of assistance in buying a home,” Saller said. said Michael Ullmann, a producing branch leader at Movement Mortgage.

Mortgage 446

Mortgage Buyers Loan Officers Sellers 446

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products.

Loan Officers 414

Loan Officers Clients Mortgage Construction 414

Housing Wire

JUNE 1, 2021

Life is much better today than it could have been, but we are now suffering from what can only be called a first-world problem in the U.S. with the most significant number of adults of first-time home-buying age ever in history — and this is during a time when we are enjoying the lowest mortgage rates.

Housing Market 545

Housing Market Marketing Mortgage Real Estate 545

Housing Wire

FEBRUARY 7, 2024

It’s no secret that 2023 was a difficult year to buy a home. With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S.

Inventory 427

Inventory Sellers Mortgage Marketing 427

Housing Wire

OCTOBER 20, 2023

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic in early 2022.

Housing Market 497

Housing Market Marketing Buyers Modernization 497

Housing Wire

OCTOBER 10, 2022

Despite continued home price appreciation and a volatile mortgage rate environment that has resulted in the least affordable housing market in decades, there remains a minority of consumers who still feel that now is a good time to buy a home. In August, 22% of consumers said it was a good time to buy.

Housing Market 395

Housing Market Marketing Real Estate Agent Real Estate 395

Realtor

NOVEMBER 7, 2023

iStock The costs of buying a home go well beyond the actual purchase price. If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. It could cover the costs of buying a home for a few months to a year.

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Inspection Insurance Sellers Buyers 196

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. In a still-competitive housing market, more well-off home buyers were able to have their bids accepted by offering larger down payments and even by paying cash.” home purchases were all-cash transactions, compared to 29.5%

Real Estate Agent 406

Real Estate Agent Real Estate Agents Sellers 406

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. 1 product to help first-time homebuyers get their houses.

Mortgage 469

Mortgage Real Estate Agent Renovations Finance 469

Housing Wire

SEPTEMBER 21, 2022

So, if this time it’s different, what are the forces that will drive the housing market forward or hold it back? There remains a deep-seated desire for homeownership, especially among younger millennials who continue to age into their prime home-buying years. The tailwinds. The headwinds. The reason? The likely outcome.

Housing Market 454

Housing Market Inventory Buyers Marketing 454

Housing Wire

AUGUST 8, 2022

Please introduce us to the brave 17% of consumers who think now is a good time to buy a home. Fannie Mae’s Home Purchase Sentiment Index fell two points in July to 62.8, On the seller side, 67% said it was a good time to sell, down from a peak of 76% in May. its lowest reading since 2011. Sponsored Video.

Mortgage 370

Mortgage Sellers Housing Market Real Estate 370

Housing Wire

JANUARY 18, 2021

Let’s face it, if you’re a first-time homebuyer, you have a lot of questions about the home-buying process. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. Here’s how to build credit to buy a house.

Real Estate Agent 545

Real Estate Agent Real Estate Agents Buyers 545

Housing Wire

DECEMBER 21, 2023

A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.” With a rate of 6.2%, the typical monthly payment on a loan for a $400,000 home would be about $2,700, down from $3,000 with a 7.5% Another obstacle?

Mortgage 497

Mortgage Inventory Construction Marketing 497

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. billion in home buying power and are working toward buying $5 billion in homes, the company said. Quo raised $7.2

Finance 378

Finance Real Estate Agent Loan Officers Legal 378

Housing Wire

FEBRUARY 19, 2021

The first-time homebuyer process is a lengthy one, and if you’re not careful, there’s a lot that can throw you off-track. Are you on the hunt for a new home? Then take steps to avoid these all-too-common first-time homebuyer mistakes: More for Real Estate Enthusiasts. How much house can you afford to buy?

Insurance 533

Insurance Loan Officers Housing Market Appraisal 533

Housing Wire

SEPTEMBER 14, 2023

million homes. After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low.

Tenants 395

Tenants Government Law Buyers 395

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. million in 2010.

Buyers 394

Buyers Sellers Real Estate Agent Real Estate 394

Housing Wire

MAY 17, 2022

Orchard , which operates a home-buying and selling platform, wants to expand its customer base of first-time homebuyers by helping them to make a cash-backed offer. “It has never been more difficult for first-time buyers to purchase a home,” said Court Cunningham, chief executive officer of Orchard.

Buyers 370

Buyers Investors Mortgage Valuation 370

Housing Wire

SEPTEMBER 5, 2023

Buying and selling a home can be a confusing, intimidating process. Do you specialize in helping first-time buyers and sellers, or are you leaning towards working with real estate investors ? It’s the first step to making your workshop a success, and also influences how you will market your event (more on that below).

Real Estate 417

Real Estate Sellers Buyers Clients 417

Housing Wire

FEBRUARY 15, 2024

The preference that older Americans have for aging in place in their own homes is showing up in broader trend data, according to a new report from Redfin. While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 years last year, up from 6.5

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Property Taxes Insurance Construction Inventory 462