Housing Wire

DECEMBER 15, 2021

decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. Housing demand remains strong as the year comes to an end amidst tight inventory and steep home-price growth,” Kan said. Refinances represented 63.3%

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Inventory Contracts Government Mortgage 380

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 471

Real Estate Buyers Agents Sellers 471

Housing Wire

MAY 3, 2023

Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

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Agents Real Estate Agent Brokerage Real Estate 390

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. 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. So why is this program so rare?

Mortgage 364

Mortgage Loan Officers Government Buyers 364

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 370

Housing Market Marketing Inventory New Listings 370

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

APRIL 7, 2023

The government-sponsored enterprise’s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, rose 3.3 On the seller side, 58% said it was a good time to sell, an increase from 54% in March. points to 61.3

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Buyers Housing Market Finance Mortgage 328

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Sellers are even using this as a tool to attract buyers. It never will be.

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Agents Buyers Sellers Inventory 385

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

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Real Estate Sellers Technology Real Estate Agent 415

Housing Wire

MARCH 5, 2024

Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 393

Mortgage Buyers Agents Real Estate Agent 393

Housing Wire

JUNE 2, 2023

The lion’s share of the job growth in April came from gains in the professional and business services sector (up 64,000 jobs), the leisure and hospitality sector (up 48,000 jobs), the government sector (up 56,000 jobs), and the health care sector (up 52,000 jobs).

Construction 344

Construction Real Estate Housing Market Transportation 344

Housing Wire

MAY 24, 2023

Meanwhile, with the primary market struggling amid higher rates and lower inventory, MBS supply is expected to decline. “But because our government is involved with it, all of us as American citizens have the pleasure of having it.” The Fed and U.S. They are likely to be replaced by money managers as investors.

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Marketing Insurance Investors Mortgage 321

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. .

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Mortgage Real Estate Real Estate Agent Realtors 350

Housing Wire

SEPTEMBER 7, 2023

Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted.

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Buyers Agents Loan Officers Real Estate 375

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said.

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Housing Market Marketing Insurance Mortgage 413

Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. By loan type, conventional loans backed by Fannie Mae and Freddie Mac took the lion’s share at 72.9% of loan applications, followed by just 15.8% of FHA loans, 10.3%

Construction 433

Construction Government Inventory Mortgage 433

Housing Wire

MAY 2, 2024

That was a problem for sellers of loans. … So, basically, if I’m trading [as a seller] a 7% loan right now, I may get a premium — like a solid 102 [over par] or whatever. Following are excerpts from their responses that reflect on the good, the bad and the ugly of the current market.

Marketing 364

Marketing Mortgage Investors Sellers 364

Realtor

APRIL 14, 2021

This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In Prepare for bidding wars ahead of time.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Housing Wire

JANUARY 12, 2023

And with government stimulus in the form of direct transfer payments, mostly forgiven PPP loans and low rates, we blew past and through all our metrics, as home prices increased at a rate not seen in recent U.S. You have probably heard that low housing inventory got us into this mess. history. .

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Inventory Investors Construction Housing Market 490

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I According to Tiller, the tight inventory has caused homebuyers to spend up to six months searching for their new property, roughly double the time it took prior to the pandemic.

Inventory 373

Inventory Buyers Agents Real Estate 373

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Meanwhile, sellers are anchored to another market completely, he said. The disconnect between buyers and sellers is measured by lower sales volume.”. In 2018 the discount was 5.2%.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Quicken Loans

DECEMBER 16, 2021

In combination with low housing inventory and labor shortages, that drove up selling prices. These conditions make a seller’s market, meaning the seller has the upper hand. Home Inventory Will Slowly Rise. During the past year, buyers faced a limited housing inventory which put sellers at an advantage.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. The last few years took a toll on many sectors of the U.S.

Supply Chain 69

Supply Chain Home Value Inventory Construction 69

Will Springer Realtor

MAY 23, 2023

At the same time buyers are sitting on the sidelines, waiting patiently for rates to fall amid low housing inventory and rising home prices. This is more common than a seller-to-buyer direct transfer known as a ”simple assumption,” a riskier proposition for both parties because it leaves the lender out of the picture.)

Mortgage 36

Mortgage Sellers Buyers Government 36

Housing Wire

OCTOBER 1, 2021

“So, for sellers, making sure that their house is ready to go opening weekend is critical more so now than it has been in months past because if it sits past that opening weekend, buyers wonder what’s wrong with it.”. With a large Mormon population, Utah has the highest birthrate in the country.

Housing Market 414

Housing Market Marketing Agents Real Estate 414

Housing Wire

OCTOBER 2, 2020

Like other mortgage firms, California-based AmeriHome has captured a glut of business over the last year due to low interest rates and paltry inventory. “Through our correspondent channel, we primarily purchase and aggregate residential mortgages from trusted third-party originators, who we refer to as ‘correspondent sellers.’

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Valuation Mortgage Business Modernization 239

Realtor

APRIL 14, 2021

This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Some sellers are even receiving dozens of all-cash offers. This demonstrates to the seller that you want the home and are able to pay top dollar to get it. “In Prepare for bidding wars ahead of time.

Mortgage 78

Mortgage Real Estate Agent Buyers Real Estate 78

Housing Wire

DECEMBER 29, 2021

Not the best of news as we start year three of that time period with a solid possibility of new all-time lows in inventory this spring. Home sellers strive to get the highest price from the best offers and homebuilders have the pricing power over consumers. Well, it looks like my five-year growth model has been taken out in two years.

Housing Market 523

Housing Market Marketing Construction Mortgage 523

Housing Wire

OCTOBER 15, 2020

“It appears that an increased number of vacant foreclosure properties may be an unintended consequence of the foreclosure moratoria put in place by federal, state and local governments,” said Rick Sharga, executive vice president at RealtyTrac, a subsidiary of ATTOM Data Solutions, in the report. Seeking new inventory sources.

Buyers 331

Buyers Development Renovations Retail 331

Eppraisal

DECEMBER 6, 2022

Given the fact that the available inventory of houses is relatively modest -- and has been for a number of years -- it is little surprise that overall home value inches up. The problem for property sellers is that their sale might be a casualty of this tightening. When energy prices soar, other sectors respond.

Real Estate 69

Real Estate Marketing Home Value Realtors 69

Eppraisal

MAY 25, 2021

VA home loans are provided by private lenders and according to the website, benefits.va.gov, the United States government guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. With the VA loan, it comes with a government guarantee. VA loans used to make sellers liable for extra closing costs.

Sellers 36

Sellers Home Value Inspection Government 36

Housing Wire

NOVEMBER 30, 2022

The outlook for agency MBS issuance — securities issued by government-sponsored enterprises such as Fannie Mae or Freddie Mac — is equally grim, according to Robbie Chrisman, head of content at Mortgage Capital Trading (MCT). So, you have to make all of your profit on price appreciation.”. “It’s

Marketing 371

Marketing Mortgage Business Government 371

Hank Miller Team

JULY 12, 2023

During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates. Listing inventory down as well, in the mix is the dearth of new construction when builders slammed on the brakes. Still a sellers market, just not as bonkers for buyers. Closed sales down 27.4

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Hank Miller Team

MAY 3, 2022

Has the move away from historic inventory shortages and home buyer frustration finally started? Lower inventory and rate of rise as well. The Fed taking action pushed buyers off the fence in the first quarter and prices increased, of course sellers pushed higher as well. the Atlanta real estate market shifting?

Real Estate 52

Real Estate Marketing Buyers Inventory 52

Lamacchia Realty

APRIL 5, 2023

Removes a provision in current law that would allow local government to impose rent control in certain circumstances. This bill is largely welcome in Florida, a state which became one of the least accessible housing markets over the past few years due to rising home prices and low inventory.

Law 55

Law Development Realty Government 55

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

Mortgage 439

Mortgage Loan Officers Inventory Business 439

Housing Wire

FEBRUARY 13, 2024

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. As of Feb. According to data from Altos Research, as of Feb.

Construction 357

Construction Supply Chain Inventory Agents 357