Housing Wire

NOVEMBER 2, 2023

The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. Fractional and shared ownership The concept of co-ownership and co-buying is far from a new one. iBuyers led the way on reshaping the options available to sellers through direct, instant cash offers at scale.

Marketing 393

Marketing Finance Buyers Investing 393

Housing Wire

MARCH 12, 2024

million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. Co-occupant, co-borrowers were more common in places where homes can be adapted to comprise multiple living spaces. In total, more than 9.5

Real Estate Agent 450

Real Estate Agent Real Estate Buyers Realty 450

Housing Wire

MARCH 22, 2024

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement. As of Jan.

Buyers 471

Buyers Contracts Real Estate Agents 471

Housing Wire

JANUARY 29, 2024

mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. In October, a buyer with the same monthly budget and a 7.8% mortgage rate could have afforded a $416,000 home. home, which costs $ 362,225 , while it took $2,713 in monthly payments (or nearly $200 more) when rates were at 7.8%.

Buyers 401

Buyers Mortgage Agents Investors 401

Housing Wire

FEBRUARY 20, 2024

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% While the gains should be celebrated, the pathway into homeownership remains arduous for minority buyers.”

Buyers 439

Buyers Inventory Realtors Mortgage 439

Housing Wire

FEBRUARY 29, 2024

January pending home sales leveled off after December’s surge but remained steady. Pending home sales dropped 4.9% Pending home sales dropped 4.9% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 This combination of economic conditions is favorable for home buying. in January, down from 77.3

Contracts 423

Contracts Inventory New Listings Realtors 423

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

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. They notice when they cannot afford to buy the same size house they have today or when the same size house would cost hundreds or thousands more per month. Housing professionals already know that high mortgage rates are bad for business.

Mortgage 432

Mortgage Sellers New Listings Buyers 432

Housing Wire

FEBRUARY 14, 2024

The housing market is heating up as the spring buying season approaches. Well-priced homes are selling fast, often within 29 days, and that time frame is bound to shorten as the shopping season opens, according to Zillow ’s January market report. In January, one in five houses listed on Zillow included a price cut. year over year.

New Listings 413

New Listings Sellers Housing Market Buyers 413

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. Everybody needs some kind of assistance in buying a home,” Saller said.

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Housing Wire

APRIL 3, 2024

Zillow is mostly known for its practice of selling buyer agent leads through its Premier Agent program, while Homes.com has touted its “your listing, your lead” model, which focuses on seller agents. Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy.

Real Estate 437

Real Estate Agents Buyers Business 437

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Buy before you sell (BBYS) products may be the answer.

Buyers 412

Buyers Loan Officers Real Estate Agent Agents 412

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

Finance 431

Finance Investing Real Estate Agent Real Estate 431

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 410

Loan Officers Clients Mortgage Construction 410

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. The terms of the deal were not disclosed. This deal strengthens our offerings and gives us more tools to serve more customers looking for a better way to buy and sell a home.”

Contracts 399

Contracts Real Estate Agent Tenants Retail 399

Housing Wire

DECEMBER 1, 2023

The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan. Those loan types would require a larger down payment of at least 10% of the home’s value, or $80,000, which would stretch his budget too thin.

Finance 446

Finance Buyers Mortgage Inventory 446

Housing Wire

OCTOBER 27, 2023

Class action attorneys allege real estate commission rates are too high and buyer brokers are being paid too much due to NAR rules. These virtual marketplaces provide efficiency, transparency and accurate information to facilitate home transactions. As the trial of Burnett v.

Real Estate Agent 457

Real Estate Agent Real Estate Realtors Buyers 457

Housing Wire

MARCH 20, 2024

Zillow For years, Zillow has dominated online home listings. In recent years, Zillow also launched segments for rental listings and mortgage origination; it briefly operated an instant buying segment, now shuttered. While CoStar’s stock climbed more than 8% on the day, the other companies’ stocks fell 4.9-14.3%.

Investors 447

Investors Agents Real Estate Buyers 447

Housing Wire

JUNE 21, 2023

Unlike a typical spring homebuying season in which sellers are also looking to buy a home, people trying to relocate into a bigger or smaller home in the Mid-Atlantic region made up a relatively small share of the housing market. of buyers in the region paid above the seller’s original list price. In comparison, 32.4%

Sellers 367

Sellers Investing Inventory Buyers 367

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 414

Lending Mortgage Government Finance 414

Housing Wire

MARCH 5, 2024

Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. said Craig Strent, former CEO of Apex Home Loans and head of the faculty of mentors at The Loan Atlas , a mortgage coaching platform. “A

Loan Officers 414

Loan Officers Mortgage Buyers Inventory 414

Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 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.

Finance 450

Finance Real Estate Agent Real Estate Insurance 450

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Nationwide, inventory is at all-time lows.

Sellers 284

Sellers Clients Inventory Agents 284

Housing Wire

MARCH 27, 2024

The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker.

Real Estate Agent 323

Real Estate Agent Real Estate Agents Sellers 323

Housing Wire

MAY 1, 2024

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits , several prominent industry analysts believe Zillow will struggle with its financial performance. Barton also touched upon the terms of NAR’s settlement agreement.

Agents 417

Agents Real Estate Contracts Real Estate Agent 417

Housing Wire

JANUARY 24, 2024

What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? Revisit your client’s qualifications Review your buyer’s qualifications prior to putting your offer together.

Buyers 441

Buyers Sellers Agents Counter Offer 441

Housing Wire

APRIL 15, 2024

Looking at second-quarter 2024, more than half of respondents (53%) believe home sales will increase by more than 5% in the next three months, while 38% believe sales will remain flat and only 10% believe that sales will be down more than 5% in their market. In a similar vein, “getting listings” was the third-largest hurdle cited by agents.

Inventory 413

Inventory Agents Real Estate Sellers 413

Housing Wire

MAY 5, 2022

You buy rental properties to invest in and then eventually sell and earn capital gains. If you have the time, waiting for the lease to expire is the easiest way to sell a rental home. Once the tenants leave, you can fix up the home and sell it as a vacant home. Options to Sell a Rental Property. Pay Your Tenant to Leave.

Tenants 370

Tenants Investing Buyers Bracketing 370

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Should they buy first or sell first?

Clients 423

Clients Real Estate Inspection Buyers 423

Housing Wire

SEPTEMBER 13, 2023

It 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. However, the buyer must submit to the application and underwriting process to qualify, just as they would in any new mortgage.

Mortgage 423

Mortgage Government Advertising Buyers 423

Housing Wire

MARCH 3, 2024

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations. The market in which these folks purchased their first home was one of record house prices, ballooning down payments , rising rates and elevated debt-to-income ratios (DTIs).

Lending 498

Lending Mortgage Buyers Government 498

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. The real estate industry is in the stages of a seismic shift to fully digital experiences.

Construction 450

Construction Real Estate Buyers Sellers 450

Housing Wire

MAY 28, 2021

According to a study conducted by Buildword , 53% of buyers who purchased a fixer-upper exceeded their budget, compared to 15% of buyers who purchased a turnkey home. Keep reading to learn whether a turnkey home or fixer-upper is the right option for you: More for Real Estate Enthusiasts. Buying a house that needs work?

Renovations 488

Renovations Home Improvement Real Estate Agent Real Estate 488

Housing Wire

NOVEMBER 8, 2023

But this latest one comes with a twist — it was filed by homebuyers, unlike the others filed by home sellers. According to the complaint, this requirement of a blanket offer of compensation makes it easy for buyer agents to steer clients to properties they would make a higher commission on. 2 in the U.S.

Real Estate 424

Real Estate Realtors Sellers Agents 424

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. The MBA forecasts a modest drop in mortgage rates through 2023, ending closer to 5%. currently, Bhattacharya said.

Buyers 393

Buyers Mortgage Landlords Law 393

Housing Wire

APRIL 19, 2021

A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A home is your shelter. A home is not like bitcoin or even holding a piece of gold in your hand. People were still buying homes during the pandemic. Already a member?

Housing Market 540

Housing Market Marketing Real Estate Investing 540

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 393

Tenants Government Law Buyers 393