Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

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Housing Market Marketing Inventory Buyers 347

Housing Wire

JANUARY 18, 2023

You need a buyer and seller,” Brown said. mortgage insurance market in 2023 to deteriorate. The sector outlook reflects expectations for a slowing economy in 2023, with a modest increase in unemployment and potential pricing corrections in the housing market. mortgage insurance sector, according to the report.

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Housing Market Marketing Insurance Mortgage 413

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. According to the brokerage, 6.5%

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Sellers Buyers Inventory Real Estate Agent 495

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. While the labor market is getting less tight, it’s not broken yet. Purchase application data Purchase application data has been the main stabilizing data line for the housing since Nov.

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Inventory Housing Market Marketing New Listings 511

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As

Housing Market 357

Housing Market Renovations Marketing Retail 357

Housing Wire

JUNE 25, 2023

The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

FEBRUARY 3, 2022

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. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.

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Housing Market Marketing Supply Chain Mortgage 403

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. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

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Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville. “We Our insurance is pricing people out of their homes.”

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Insurance Housing Market Marketing Agents 383

Housing Wire

APRIL 3, 2024

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization.

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Sellers Buyers Agents Real Estate Agent 363

Housing Wire

FEBRUARY 26, 2024

The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. And homeowners insurance costs are three times higher in Florida than the national average.

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HOA Law Insurance New Listings 460

Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. But the U.S.

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Insurance Clients Marketing Housing Market 318

Housing Wire

MARCH 13, 2024

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. According to the U.S.

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Tools Insurance Home Value Technology 397

Housing Wire

MAY 14, 2024

Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

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Sellers Realty Insurance Realtors 297

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market.

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Buyers Retail Loan Officers Insurance 344

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

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Real Estate Agent Real Estate Sellers Buyers 373

Housing Wire

APRIL 10, 2023

This continues to be an incredibly rate-sensitive housing market, and March’s rate lock activity perfectly illustrates this dynamic,” Andy Walden, vice president of enterprise research at Black Knight, said. Most borrowers are expected to see mortgage insurance premiums (MIPs) reduce to 55 bps from 85.

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Marketing Insurance Housing Market Mortgage 336

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. The only guy who isn’t affected by interest rate growth right now is someone who is buying a million-dollar house, putting down 25% to 30%,” Westcott said.

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Insurance Loan Officers Sellers Mortgage 359

Housing Wire

FEBRUARY 19, 2021

How much house can you afford to buy? 5 tips for buying a home in a seller’s housing market. A homebuyer’s guide to a competitive housing market. Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. Low appraisals.

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Insurance Loan Officers Housing Market Appraisal 532

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. Binney said.

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Inspection Real Estate Agent Real Estate Insurance 385

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 10, 2023

Indexes that contributed to the annual increase were food (+7.7%), motor vehicle insurance (+15.5%), household furnishings and operations (+5.3%), recreation (+5.0%), and new vehicles (+5.4%). Major contributors to this increase included used cards and trucks (4.4%), motor vehicle insurance (1.4%), and energy (+0.6%, thanks to a +3.0%

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Housing Market Insurance Realtors Buyers 344

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).

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Business Finance Buyers Lending 398

Housing Wire

APRIL 20, 2023

Pressures from the secondary market To Melissa Cohn, regional vice president of William Raveis Mortgage , the bank crisis still impacts mortgage rates, mainly through the secondary market. The spring season Higher rates in the housing market are reducing hopes for a productive spring season.

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Mortgage Buyers Housing Market Inventory 371

Housing Wire

MAY 4, 2023

The slower housing market at the start of the year was not enough to prevent Fidelity National Financial from turning a profit. During the first quarter of 2023, the Big Four title insurer reported revenue of $2.474 billion, down from $3.167 billion in Q1 2022, and a net income of $59 million compared to $400 million a year prior.

Insurance 353

Insurance Buyers Business Investors 353

Housing Wire

OCTOBER 16, 2023

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%. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

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Agents Buyers Sellers Inventory 385

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. These minimum price limits serve no legitimate purpose. It’s why Redfin doesn’t serve many rural towns.”.

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Brokerage Sellers Buyers Agents 545

Housing Wire

NOVEMBER 10, 2023

FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S. Meanwhile, first-time homebuyers are facing real affordability challenges. in April 2023.

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Mortgage Buyers Insurance Government 415

Housing Wire

MAY 24, 2024

Consider getting pre-approved if possible, as this not only gives you a realistic idea of how much you’ll be able to borrow, but it also signals to home sellers that you’re serious rather than casually looking. Other government-backed loan programs include FHA loans which typically require only a 3.5%

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Mortgage Insurance Contracts Design 369

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

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Clients Agents Buyers Sellers 379

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Following are excerpts from their responses that reflect on the good, the bad and the ugly of the current market.

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Marketing Mortgage Investors Sellers 364

Housing Wire

DECEMBER 22, 2020

How much house can you afford to buy? A homebuyer’s guide to a competitive housing market. Earnest money is essentially a deposit you put down on a house you’re interested in. It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price. Buying a home? Earnest money.

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Mortgage Property Taxes Loan Officers Sellers 414

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I According to an analysis by S&P Global , between 2018 and 2023, homeowners insurance rates in Florida have jumped by 43.2%. homeowners insurance policy was roughly $1,700 in 2023.

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Insurance Inventory Marketing Real Estate 366

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for. Not Greater Atlanta. Actives down 13.5

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Housing Market Marketing Buyers Sellers 40

Housing Wire

JANUARY 12, 2023

The indexes that rose month over month in December include shelter (0.8%), household furnishings and operations (0.3%), motor vehicle insurance (0.6%), recreation (0.2%), and apparel (0.5%), while the indexes for used cars and trucks (-2.5%), and airline fares (-3.1%) were among those that decreased over the month.

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Sellers Buyers Insurance Housing Market 309

Housing Wire

MAY 14, 2021

5 tips for buying a home in a seller’s housing market. A homebuyer’s guide to a competitive housing market. Not to mention, older homes can cost more to insure if they need certain repairs. A study from Trulia reports that 41% of Americans prefer new houses over old ones. Number Of Rooms.

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Renovations Modernization Housing Market Real Estate 483

Housing Wire

MARCH 4, 2022

Headquartered in San Francisco, the company focuses on “creating an instant and enjoyable home closing experience for buyers and sellers.” ” Below, Simkoff answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article? Getting there was an uphill battle, though.

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Real Estate Technology Insurance Buyers 362