Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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Housing Wire

MARCH 26, 2021

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. A recent report from Redfin showed that 14.9% year over year.

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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.

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Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

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Housing Wire

MAY 2, 2024

While revenue rose at eXp World Holdings during the first quarter of 2024, the firm was still unable to turn a profit due to the challenging housing market. In Q1 2024, the company reported a $15.6 million loss compared to a net gain of $1.5 million in Q1 2023. billion, while transaction sides increased 8% year over year to 110,976.

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Housing Wire

OCTOBER 26, 2023

The housing market remains resilient However, recent home sales readings stressed the resiliency of the housing market as buyers kept shopping despite the challenging environment. The National Association of Realtors (NAR) also forecasts that existing-home sales will drop by 17.5% million units sold.

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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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Housing Wire

OCTOBER 12, 2023

1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hike decision. What is happening in the housing market ? If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. In comparison, the CPI rose 0.6%

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Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Some of these all-cash buyers are investors, but the majority are repeat homebuyers who are able to roll equity from a home sale into their next purchase. Pending home sales increased by 3.4%

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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. At the height of the spring market, the typical home had 5.5 offers, according NAR’s REALTORS® Confidence Index.

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Housing Wire

OCTOBER 16, 2023

At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing. million, respectively.

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Housing Wire

NOVEMBER 2, 2023

Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not the one their firm was recently named as a defendant in. Kelman said Redfin could use that technology to market properties listed by Redfin directly to consumers.

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Housing Wire

JULY 1, 2021

“Although low and stable mortgage rates have kept the housing market booming over recent months, a deterioration in affordability and for-sale inventory has led to a market slowdown.”. For some economists, rising rates are the better option for counterbalancing the market.

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Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Housing Wire

JULY 15, 2022

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. Below, Gubernick answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? .”

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Housing Wire

APRIL 28, 2022

In response, the company told investors that the amount of operating income it predicts to make in 2022 has been pared down from $800-$850 million to $750-$800 million, “predominantly due to the rising mortgage rate environment and its impact on financial results at the company’s mortgage origination joint venture.”.

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Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. The National Association of Realtors reported that existing home sales fell last month while prices increased yearly. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme.

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Housing Wire

OCTOBER 12, 2023

A coalition of trade associations — including the Community Home Lenders of America (CHLA), National Association of Realtors (NAR), and Independent Community Bankers of America (ICBA) — on Thursday called on the Biden administration to reduce the historically large spread between the 30-year mortgage rates and 10-year Treasuries.

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Housing Wire

JANUARY 20, 2023

There are big increases in LLPA fees for most “cash-out” loans, and investors will pay higher fees as well, per the new pricing matrix. “Furthermore, the FHFA needs to address its recent increase in fees on homebuyers in high-cost markets as well as guarantee fees that impact all homebuyers.

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Housing Wire

NOVEMBER 1, 2023

In addition to discussing Zillow’s financial results and the continual evolution of its Housing Super App vision on its third quarter earnings call, CEO Rich Barton and Zillow executives took time to address the elephant in the room: the verdict of the Sitzer/Burnett commission lawsuit.

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Housing Wire

JUNE 11, 2024

Flyhomes CEO Tushar Garg said in a news release that the timing of the launch coincides with the National Association of Realtors ’ recent settlement regarding agent commissions, which has resulted in extensive changes that will go into effect on Aug.

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Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . However, it’s not the market of 2002-2011.

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Inventory Housing Market New Listings Mortgage 454

Housing Wire

DECEMBER 1, 2020

Mark Birschbach, Senior Vice President, Strategic Business, Innovation and Technology National Association of Realtors.

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McKissock

DECEMBER 28, 2021

While some real estate agents and brokers prefer to work with homebuyers, others decide to specialize in working with property investors. Both niches have their advantages and disadvantages, but here’s why some people prefer working with investors. Pros of working with real estate investors.

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Housing Wire

APRIL 27, 2021

billion equity infusion from investors including Centerbridge and Allianz Real Estate. These company’s plans to build or refurbish, and then rent single-family homes comes amid a sharply imbalanced housing market in which supply is not meeting demand. for the last two months, according to the National Association of Realtors.

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Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. “The largest, undisrupted market in the U.S.,” presentation slide for investors in the SPAC that took it public, also in 2020. CEO Brian Baird offered investors an upbeat attitude about the company’s future. “We

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Housing Wire

NOVEMBER 1, 2023

The housing market is feeling the brunt of Fed’s tight monetary policies The 10-year Treasury yield and average 30-year mortgage rates have tracked each other since 1971. During today’s press conference, investors will try to gauge the Fed’s next steps in December. Is a December rate hike possible?

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Finance Mortgage Realtors Investors 427

Housing Wire

MARCH 15, 2023

Such changes prompted pushback from the National Association of Realtors and the Mortgage Bankers Association that it could hurt middle-wealth homebuyers and increase overall pricing. Investors will pay higher fees as well, per the new pricing matrix. No fee elicited a stronger response than the new DTI requirement.

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Housing Wire

JULY 6, 2023

This, in part, is causing the tight inventory we’re seeing in the housing market today, as two out of every three houses have mortgages with interest rates below 4% and aren’t motivated to sell their house unless a significant circumstance warrants it.” “Just because there’s vacant homes in the U.S.

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Housing Wire

DECEMBER 15, 2022

range in 2023 would offer housing markets an improved foundation,” he said. The National Association of Realtors projects home sales will slide by another 6.8% Altogether, mortgage rates remain at their lowest levels since the late summer as the year nears its end,” Speakman said. . “While a return to the 3.0%

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Housing Wire

MAY 17, 2022

Buy with Orchard is the firm’s first product targeted to first-time buyers that provides home shoppers with the cash needed to compete with equity-rich homeowners and investors, the company said. Lenders have also taken notice of cash-backed products to originate more home loans in the hot housing market.

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Housing Wire

SEPTEMBER 8, 2022

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. The National Association of Realtors’ total Inventory data shows that historically we have between 2 to 2.5

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Housing Wire

MARCH 22, 2023

Over the past two weeks, investors have considered Treasures a safe haven amid the banking system turmoil. The good news is that the continued strength of the job market means that both sellers and buyers are still in a favorable financial position heading into the spring housing market, Jones noted.

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Housing Wire

DECEMBER 30, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. ation is kicking higher,” said Lawrence Yun, chief economist at the National Association of Realtors.

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Housing Wire

DECEMBER 30, 2022

At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. Nguyen plans on utilizing his proprietary platform to partner with Realtors after his refi-dependent sale volume dropped to a staggering 20% this year. He hit a record $2.47 Rates would average 5.2%

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. These two key foreclosure auction metrics show a clear shift in March toward more conservative bidding behavior, both in terms of max offers and buy box for investors.

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Housing Wire

DECEMBER 3, 2020

The passage of Proposition 19 in California — which will generate wildfire relief funds while providing tax breaks for senior citizens — was a victory for the California Association of Realtors , which lobbied for its passage and put real dollars behind the effort. But CAR, which supported the measure with $35.7

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