Housing Wire

JUNE 21, 2022

The housing nightmare continues. Total housing inventory has collapsed to all-time lows since 2020 and because this happened during the years 2020-2024, it created forced bidding and drove prices well above my 23% five-year home-price growth model in just two years. This is the best part of today’s existing home report.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. How does the sharp increase in rates directly impact those homebuyers?

Housing Market 428

Housing Market Marketing Inventory New Listings 428

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 475

Real Estate Buyers Agents Sellers 475

Housing Wire

JULY 25, 2022

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Rapid City, South Dakota. Rapid City, South Dakota. Los Angeles, California.

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Housing Market Marketing Real Estate Real Estate Agent 345

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

Business 426

Business Finance Buyers Lending 426

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

OCTOBER 10, 2023

We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. Many sellers have returned to offering concessions and dropping prices to entice buyers.

Home Improvement 453

Home Improvement Real Estate Agent Sellers Real Estate 453

Housing Wire

JANUARY 19, 2023

After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates. “At the same time, data shows that sellers are more willing to negotiate as homes stay on the market longer.”

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Mortgage Sellers Housing Market Buyers 405

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. If mortgage rates follow, that could bring another surge of buyers later this year.”

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Sellers Buyers Real Estate Inventory 402

Housing Wire

APRIL 1, 2024

Opportunities are revealed when housing leaders have an industry-spanning, deeply informed perspective, which is made possible through HousingWire insights that members can make decisions on. Our vision is a world in which housing leaders have a complete view of the housing market, and a broad community of peers with whom they can connect.

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Realtors Brokerage Tools Inventory 394

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. Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? What is reverse purchase financing?

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Finance Real Estate Agent Real Estate Insurance 443

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 Mortgage Bankers Association predicts that the average rate on 30-year mortgages could be 6.1% by the end of 2024.

Insurance 435

Insurance Sellers Buyers Housing Market 435

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Retail Sellers Buyers Market Value 455

Housing Wire

DECEMBER 16, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. The housing affordability crisis has pushed potential buyers to the sidelines.

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Buyers Realtors Inventory Sellers 474

Housing Wire

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? He helps me make sense of what my 12-agent team is feeling on the front lines, helping me to help my team be the best agents they can be. Are we in a housing bubble?” 1 agent for the Bergen County.

Sellers 383

Sellers Inventory Housing Market Buyers 383

Housing Wire

JULY 25, 2023

One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago. The rising costs and lack of availability of homeowners insurance has forced many homeowners and buyers to turn to Citizens Property Insurance Corporation , the state’s insurer of last resort.

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Insurance Housing Market Marketing Agents 359

Housing Wire

APRIL 24, 2024

Through this, Saunders said, consumers began to realize the importance of staging, photography and online marketing. This model worked with previous generations of homebuyers who did not have access to the same amount of information about the housing market and real estate professionals.

Brokerage 295

Brokerage Legal Fees Real Estate Agents 295

Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. 8.71%, were offered Redfin’s best available service. Extremely non-white ZIP codes: 1,159 homes.

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Brokerage Sellers Buyers Agents 545

Housing Wire

DECEMBER 27, 2023

million listing and the owner said they would never buy a home without an agent and that they would prefer to do things the way they have always been done instead of paying their buyer’s agent out of pocket.” A wise agent right now is talking to buyers and sellers,” Brown said. It has been cool to hear that.

Real Estate Agent 426

Real Estate Agent Real Estate Agents Clients 426

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. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be.

Agents 401

Agents Buyers Sellers Inventory 401

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. housing market , we just experienced an event that most people never thought could happen. Looking at housing this way, the last four decades make sense.

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Inventory Housing Market New Listings Marketing 540

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 367

Agents Realtors Clients Real Estate Agent 367

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The housing market is heading toward an inflection point — a rebalancing that will mean the end of the record-high price appreciation we’ve seen over the past year.

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Inventory Housing Market Construction Sellers 394

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. The parts of the U.S.

Mortgage 518

Mortgage Inventory New Listings Sellers 518

Housing Wire

JULY 26, 2021

system has long been — and is still — viewed as the best by consumers around the world. That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. Home buyers like my mother and father outside the U.S.

Real Estate Agent 383

Real Estate Agent Real Estate Sellers Legal 383

Housing Wire

JULY 9, 2021

In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs , buyers are still in the market. Are you in the market for a home? A buyer in Austin, Texas paid $1 million over a home’s listing price. A homebuyer’s guide to a competitive housing market.

Buyers 446

Buyers Counter Offer Real Estate Agent Real Estate 446

Housing Wire

MAY 11, 2022

In this hot housing market, Michigan-based wholesale lender Homepoint understands the key to originating more home loans is ensuring more sellers accept offers made by its buyers. To do that it relies on the two words sellers increasingly want to hear: “All cash.”

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Lending Real Estate Agent Investors Finance 380

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. While Yen likes the product, she feels it is best handled by senior loan officers like herself, a nearly 30-year veteran of the industry.

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Loan Officers Clients Mortgage Construction 377

Housing Wire

APRIL 12, 2023

Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% A total of 45% of participants said home sales in their markets will remain flat for the next three months; 30.3% Of the 155 completed surveys, 32.3% of the respondents were from the Southwest, 21.3% from the Midwest, 16.8%

Mortgage 334

Mortgage Marketing Loan Officers Real Estate Agent 334

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. The one positive aspect of this report is that inventory is rising, which every American should be rooting for, because what we have experienced since 2020 was a historical housing inflation event. But, there is one bright spot — inventory is rising.

Inventory 509

Inventory Housing Market Marketing Realtors 509

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. HousingWire: What are some common consumer pain points in the home buying and selling process? Why or why not?

Real Estate Agent 423

Real Estate Agent Real Estate Agents Marketing 423

Housing Wire

MARCH 2, 2021

You want to make a few preparations to attract the most potential buyers. Here are a few things you should consider to ensure your home sells fast and you get the best deal! A homebuyer’s guide to a competitive housing market. Four renovations to consider before selling your house. For example, your guest bathroom.

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Decorating Renovations Buyers Sellers 501

Housing Wire

OCTOBER 20, 2022

“The 30-year fixed-rate mortgage continues to remain just shy of 7% and is adversely impacting the housing market in the form of declining demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Buyers, builders and sellers take a step back as inflation persists . ARMs pick up steam. The annual U.S.

Mortgage 405

Mortgage Sellers Buyers New Listings 405

Housing Wire

APRIL 29, 2022

Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. We are looking at this 2022 market like a snow day in January. FHA, VA and USDA aren’t accepted by sellers. Investors and trust funds keep buying the bottom of the market from under the first-time home buyer.

Mortgage 370

Mortgage Real Estate Agent Technology Inventory 370

Housing Wire

JULY 15, 2022

HousingWire: What is the best piece of advice you’ve ever received? Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash. As a novice real estate investor at the time, the market downturn completely wiped me out.

Real Estate 378

Real Estate Realtors Brokerage Business 378

Housing Wire

DECEMBER 9, 2023

Weekly housing inventory data We will start with the price cut data percentage because it deserves a detailed explanation. 2022 was a historic year for housing as we had the most significant home sales crash ever, and mortgage rates went from 3% to 7% in the same year. Now lets take a look at the weekly inventory data.

Mortgage 529

Mortgage Inventory New Listings Sellers 529

Hank Miller Team

JANUARY 18, 2022

The curtain fell on 2021 and the housing market report for greater Atlanta can be succinctly summed up; crazy. In addition the last quarter being traditionally slow, the big influences on the market were inflation levels unseen in 40 yrs, supply chain shortages, labor issues and of course the rise and run of the omicron covid variant.

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Housing Market Supply Chain Marketing Buyers 103