Real estate trends to watch in 2024
Sacramento Appraisal Blog
JANUARY 4, 2024
What’s the housing market going to do in 2024? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly by topic or digest slowly.
Housing Market Investors Real Estate Sellers 
The housing market is now savagely unhealthy
Housing Wire
MARCH 18, 2022
To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. However, a seller is also a natural homebuyer, unless they’re an investor.
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Home sellers are feeling good about 2021
Housing Wire
APRIL 7, 2021
Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. Real estate agents and LOs: the great collaboration. points to 81.7. Presented by: Propertybase.
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How to price homes properly in a volatile housing market
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. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If
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Anywhere Real Estate reports $19M in Q2 net income
Housing Wire
JULY 25, 2023
The uptick in home sales during the second quarter of 2023 helped Anywhere Real Estate get back in the black. After posting a net loss of $138 million in Q1 2023 , the real estate conglomerate rebounded to report $19 million in net income for the second quarter.
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The savagely unhealthy housing market is now a nightmare
Housing Wire
JUNE 21, 2022
Rates have risen at the fastest pace ever, which makes houses more expensive, so in theory, some homebuyers can’t move. Home sellers with high equity aren’t as sensitive to higher rates because they bring a more significant down payment. million, which I would find to be the best thing ever for housing, is not happening this year.
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Low inventory a challenge to housing market as rates decline
Housing Wire
MARCH 30, 2023
But while rates have dropped, the housing market has continued to be challenged by low inventory levels. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.” ” Surging rates ahead? Mortgage rates, directly correlated to the U.S.
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Fidelity CEO says federal government’s title insurance proposals are ’misguided’
Housing Wire
MAY 14, 2024
In the first quarter, we saw normal seasonality in purchase opened orders with sequential improvement coming off the fourth quarter,” Fidelity CEO Mike Nolan told investors and analysts during the firm’s Q1 2024 earnings call on Thursday. “In The number of purchase orders opened per day was up 5% on a yearly basis. “In
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market
Housing Wire
OCTOBER 1, 2022
The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. For every home that was listed, there were 2.5 Historically 2.5
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Zillow believes the evolution of the industry will only help it grow
Housing Wire
MAY 1, 2024
On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” he posited. Of the approximately 1.5
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Can first-time homebuyers afford homes today?
Housing Wire
APRIL 14, 2023
This article is part of our 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 top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7
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Working With Real Estate Investors? Here’s Why They Make Great Clients
McKissock
DECEMBER 28, 2021
Are you wondering what the best clients to work with are to advance your real estate career? There are many different career opportunities in real estate. While some real estate agents and brokers prefer to work with homebuyers, others decide to specialize in working with property investors.
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Sundae raises $36 million in Series B funding
Housing Wire
DECEMBER 8, 2020
Residential real estate marketplace Sundae has announced it closed $36 million in Series B funding on Tuesday, led by QED Investors and with additional participation from Founders Fund , Susa Ventures , Navitas Capital , Prudence Holdings and General Global Capital. million in Series A funding this June. “Our
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Secondary mortgage market adjusts to higher-for-longer rates
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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Why are existing home prices rising when sales are still so low?
Housing Wire
APRIL 18, 2024
This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. This is never a good thing for housing. million in March.
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Home prices will drop to 2008-levels in these four cities: Goldman Sachs
Housing Wire
JANUARY 25, 2023
The company notified its clients earlier this month that based on the S&P CoreLogic Case-Shiller US National Home Price NSA Index’s projected decline, the housing market has fallen out of favor with Goldman Sachs. The company is eyeing the San Jose, Austin, Phoenix, and San Diego markets in particular.
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Pacific Western Bank gets $1.4B from Atlas after 20% decline in deposits
Housing Wire
MARCH 22, 2023
The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. Pacific Western Bank also explored a capital raise with potential investors. In addition, it has drawn $3.7 billion from the Federal Home Loan Banks , $10.5
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Compass misses free cash-flow goal but remains optimistic
Housing Wire
FEBRUARY 27, 2024
Compass attributed some of these struggles to the slower housing market of 2023, which saw Compass close 178,848 transactions, down 15.5% Eventually the real estate market will get to more levels of transactions in the mid-cycle.” million in 2022.
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For Zillow, 2023 is the year of execution
Housing Wire
AUGUST 2, 2023
As a result, the company’s executives told investors and analysts that they were pleased with the firm’s second quarter performance, especially in touring, financing, and renting. Barton also touched on its fabled “ housing super app.” Aryeo will become a part of ShowingTime+.
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Stakes are high as first buyer broker commission lawsuit goes to trial today
Housing Wire
OCTOBER 16, 2023
The long-anticipated Sitzer/Burnett class action commission lawsuit enters its first day in court on Monday, leaving real estate professionals to ponder the fate of today’s cooperation and commission practices. What’s at stake may be much bigger than that.
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Homepoint lends homebuyers the power of all-cash offers
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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Have we found the bottom in existing home sales?
Housing Wire
DECEMBER 21, 2022
In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.
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Three trends to watch in 2023
Housing Wire
DECEMBER 16, 2022
The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise.
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HW+ Member Spotlight: Brian Gubernick
Housing Wire
JULY 15, 2022
This week’s HW+ member spotlight features Brian Gubernick, chief real estate officer at Homeward. He has more than 15 years of industry experience, holding multiple positions in the industry including being an investor, team owner/leader, brokerage operating partner, coach and trainer and corporate executive.
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The Atlanta Real Estate Market Explosion – 2012 to 2022
Hank Miller Team
MARCH 21, 2022
It’s hard to find a housing market not presently on fire, Atlanta is no different. Compared to a decade ago and the worst housing crisis ever, this market turn around improvement is among the tops in the country. The “Atlanta Real Estate market” is a misnomer; the area is akin to spilled glass of milk.
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DataDigest: iBuyers slide farther from hyped market disruption
Housing Wire
NOVEMBER 8, 2023
presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”
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A look behind this year’s Tech100 winners
Housing Wire
MARCH 1, 2022
News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. This isn’t a new story in mortgage lending or real estate brokerage.
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Mortgage rates rebound after five straight weeks of declines
Housing Wire
APRIL 20, 2023
Investors are weighing the softening consumer sector and inflationary pressures, along with the shifts in real estate markets, looking for more clarity on the outlook,” Ratiu said in a statement. The spring season Higher rates in the housing market are reducing hopes for a productive spring season.
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Do Rising Interest Rates Affect Real Estate?
Robinson Appraisal Group
NOVEMBER 25, 2022
Interest rates play a crucial role in the housing market. Sellers are then forced with the question of whether to reduce their price to have their home be more attractive and affordable for purchase. Interest rates have continued to have a major influence in the overall market.
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6 Trends That Benefit Investors in the Current Housing Market 2021
Mashvisor
JUNE 30, 2021
‘Is it a good time to buy a house?’ ‘Is Is it a seller’s market or a buyer’s market?’ These are common questions being asked by real estate investors in 2021.…
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Zillow Upside Down on 93% of Their Portfolio in One Housing Market
Chicagoland Appraisal Blog
NOVEMBER 8, 2021
It’s a common question that comes up and with the real estate market skyrocketing, thought I’d answer the question once and for all. The article describes “Zillow Group’s AI-power house flipping operation as a dismal failure”. The Zestimate is not an appraisal and it should be used as a starting point.
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Threat of climate change looms large for some home buyers
Housing Wire
APRIL 5, 2021
Climate change and the rising threat of natural disasters is likely to significantly impact migration plans of American families, potentially changing the landscape of American real estate. ” Real estate agents and LOs: the great collaboration. Out of 2,000 people surveyed between Feb. “I had one client in St.
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Why industry watchers expect mortgage rates to fluctuate in coming weeks
Housing Wire
MARCH 22, 2023
Over the past two weeks, investors have considered Treasures a safe haven amid the banking system turmoil. What does it mean for buyers, sellers? Green expects that there may be some softening of pricing in jumbo markets instead, should an anticipated pullback by banks and other lenders in the space comes to fruition.
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EasyKnock snares an additional $5 million in Series B funding round
Housing Wire
AUGUST 21, 2020
Viola FinTech is a cross-stage venture fund that invests in global FinTech companies alongside leading venture investors. One of the greatest promises of PropTech is that it enables not only digital transformation of the real estate transaction but more importantly liquidity in a very illiquid sector,” Michaeli said.
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More than half of homes sold above asking price in May
Housing Wire
JUNE 17, 2021
The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April. “Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay. from April.
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Q2 2023 Texas Real Estate Market update – Real Estate Real Fast EP21
Listing Spark
JUNE 16, 2023
In this episode of Real Estate Real Fast, Aaron Jistel, the co-founder of ListingSpark and an experienced real estate broker, provides a comprehensive overview of the current state of the Texas real estate market. That’s down 18% days on market.”
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Demand for home loans climbs despite surging mortgage rates
Housing Wire
MARCH 8, 2023
In addition, loan officers said that investors took advantage of a slower market. ” Who is jumping into the market? Investor demand tends to increase at times when most borrowers are waiting for rates to decline, Justin Fullmer, area manager in Idaho for Future Mortgage , told HousingWire. from the week prior.
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2022 Housing Market Predictions: What To Expect
Quicken Loans
DECEMBER 16, 2021
Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot.
Opinion: A merger to rewire the housing ecosystem
Housing Wire
SEPTEMBER 6, 2023
The ICE — Black Knight merger creates the first end-to-end digital infrastructure that will reorder incentives and change how housing markets operate. Lenders will align with marketing and services partners to gain pricing power. Real estate and mortgage brokers will be marginalized as friction is removed.
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Regardless of price, Austin homes still flying off the market
Housing Wire
JUNE 4, 2021
Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. The jumbo market for brokers is back in a huge way. At this time last year, only two homes had been sold in Austin for more than $300,000 above asking price.
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Real Estate Real Fast EP4 (solo-show with Aaron talking Fall/Winter 2022 Texas housing market)
Listing Spark
OCTOBER 13, 2022
The Texas real estate market has come crashing down. Days on the market are up, home prices are down, but it’s not all doom and gloom. Is that the case for all major Texas housing markets? What should buyers and sellers be doing right now? What should they expect in this housing market?
Maximizing Returns with Real Estate Investment: An Interview with Ryan Jones – Real Estate Real Fast Episode 15
Listing Spark
FEBRUARY 24, 2023
Maximizing Returns with Real Estate Investment: An Interview with Ryan Jones Summary Aaron Jistel and Ryan Jones discuss the current real estate market, loan products for investors, cash out rule changes from Fannie Mae, debt service coverage ratio loans, interest rates, and home equity lines of credit.
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Opinion: the beginning of the mortgage ice age
Housing Wire
APRIL 29, 2022
Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. 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. Find me a sales meeting in the U.S.
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Idaho Housing Market Forecast 2022
Mashvisor
MARCH 5, 2022
What do experts say about the Idaho Housing Market Forecast 2022? Read on as we give you a sketch of the Idaho real estate market and its drivers.
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