Remove Home Value Remove Loan Officers Remove Real Estate Agent Remove Sellers
article thumbnail

Reverse purchase financing: The financing option no one is talking about

Housing Wire

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 458
article thumbnail

How Reverse for Purchase can help baby boomer borrowers

Housing Wire

Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. Few loan officers make the purchase product a main part of their business. There is an incredible opportunity for growth,” he said. Why is this market underserved?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Zestimate to double as Zillow’s iBuying offer

Housing Wire

The “Zestimate,” Zillow’s catchy ( and soapy ) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a home, the company said on Thursday. Zillow’s own estimated home value is to guide the company on a “limited subset of homes” in 20 markets.

article thumbnail

Buyside launches a new home valuation pages feature

Housing Wire

“According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

Valuation 365
article thumbnail

Millions will enter housing market in 2021: Zillow

Housing Wire

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S. Presented by: Propertybase.

article thumbnail

Working with buyers in the nation’s hottest housing market

Housing Wire

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses.

article thumbnail

Gaining a Competitive Edge Buying a Home

Eppraisal

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020.

Sellers 66