Housing Wire

MAY 14, 2024

If something comes up on inspection that wasn’t a big deal when interest rates were closer to 3%, now it is more magnified and pushes them out the door a lot quicker,” Levin said. In addition to making buyers more prudent in their purchases, local real estate professionals also say interest rates are to blame for the area’s lack of inventory.

Buyers 360

Buyers Inventory Landlords Real Estate 360

Housing Wire

DECEMBER 8, 2023

Educate your clients about financing While many homebuyers can benefit from a 30-year, fixed-rate conventional mortgage , other borrowers might need access to other loan programs with more lenient guidelines. Find them the right home Inventory is scarce, and will likely stay that way for a while. Be the leader in the transaction.

Clients 384

Clients Real Estate Inspection Buyers 384

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 343

Loan Officers Retail Finance Buyers 343

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

Business 339

Business Marketing Real Estate Legal 339

Housing Wire

APRIL 25, 2024

Although there is no doubt among local real estate professionals that demand is high in the Cincinnati housing market, agents say the area’s low inventory situation is only adding to the challenge facing consumers. We are going to see an increase in inventory. So, they are just hunkering down.”

Buyers 376

Buyers Marketing Inventory Investors 376

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At We are still going to suffer from lack of inventory.”

Housing Market 392

Housing Market Buyers Agents Marketing 392

Housing Wire

OCTOBER 1, 2020

Realtor.com and Rocket Mortgage , two of the biggest companies in the digital real estate space, have formed a key advertising partnership that their competitors are sure to notice. We send them a link to get digitally preapproved through Rocket Mortgage, and we alert the agent that they’re going through this flow. .”

Advertising 424

Advertising Real Estate Agent Mortgage Real Estate 424

Housing Wire

AUGUST 14, 2023

And while the seven-day moving average for single-family inventory was just 36 homes as of June 2023, it is far better than the 15 homes listed in mid-May of 2023. Inventory was a huge issue the last few years, but we do have some inventory now across all price points, so at least buyers have choices now,” Dominguez said.

Housing Market 290

Housing Market Marketing Inventory Agents 290

Housing Wire

NOVEMBER 7, 2023

One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. Change the search area, change the type of home or find an equally great school district to look in that has more inventory. Offer them solutions to get a better-than-average mortgage rate. Find them their dream home.

Clients 364

Clients Buyers Real Estate Agent Real Estate 364

Housing Wire

JUNE 22, 2021

Lack of inventory. Real estate agents cited a lack of inventory as the main hurdle preventing their clients from completing a transaction, according to the National Association of Realtors. We don’t have any inventory. If you’re an FHA or VA buyer, you don’t stand a chance. So, what does this mean for buyers?

Housing Market 401

Housing Market Real Estate Agent Marketing Inventory 401

Housing Wire

AUGUST 14, 2023

Housing inventory has been hovering at or near all-time lows for months. Scarce inventory combined with high interest rates have caused loan volumes to plummet, resulting in significant pressures on lenders to squeeze more profit margin from every loan and find ways to attract and retain consumers just to maintain market share.

Modernization 319

Modernization Appraisal Technology Appraisal Process 319

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be. I’ll explain later.)

Agents 384

Agents Buyers Sellers Inventory 384

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% Home inspection. A home inspection is the foundation on which all other real estate contingencies are built. In the inspection, a neutral expert assesses the home for roofing, plumbing, structural, electrical, and other major problems.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” Nationwide, inventory is at all-time lows. Here are 10 solutions for sellers who what to buy that go beyond waiting and watching for magic inventory to appear.

Sellers 274

Sellers Clients Inventory Agents 274

Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. If a homebuyer can’t close on their mortgage in time to buy the home they want, instead of losing out on the house, Accept.inc will buy the property with its own funds and reserve the home on their behalf.

Sellers 313

Sellers Buyers Investors Inspection 313

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. It is difficult to obtain a mortgage today.

Realtors 378

Realtors Housing Market Marketing Buyers 378

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. Provide tax monitoring and collection on performing and non-performing loans.

Lending 279

Lending Clients Training Investors 279

Housing Wire

SEPTEMBER 9, 2020

and I counseled my client to bid accordingly, waive his mortgage contingency, then we bid $1.45 With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. We have about two months of inventory and the buyer demand is just crazy.”

Agents 477

Agents Marketing Clients Buyers 477

Housing Wire

JANUARY 14, 2022

Still, there’s a sustained, nationwide surge in housing demand, plus a crippling lack of inventory – and Rochester is hardly impervious to either of these historic trends. Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections.

Agents 388

Agents Inventory Buyers Marketing 388

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Taken by Felix Mizioznikov. We need to build above 1.1

Construction 364

Construction Development Finance Mortgage 364

Housing Wire

MAY 23, 2023

The need to physically inspect each property will be replaced with data or other inspection options in many cases. Now, anyone can idly browse real estate listings and find out what homes have sold for and what inventory is available. These additional valuation options will lessen the opportunity for appraisal bias.”

Technology 333

Technology Appraisal Lending Valuation 333

Housing Wire

MARCH 22, 2024

We can help them avoid common pitfalls and navigate the inventory to make the best decision for their unique needs and financial goals. Before meeting with a mortgage lender, buyers should have a clear picture of their finances. Do not skip the inspection. If a buyer insists on waiving their inspection, get it in writing.

Real Estate Agent 381

Real Estate Agent Real Estate Clients Agents 381

Housing Wire

MARCH 21, 2022

With no money to pay their mortgages, some underwater borrowers simply abandoned their homes. “There is so much demand for housing and so little inventory available that I expect most of the properties to be sold, rather than abandoned.”

Law 325

Law Inspection Insurance Government 325

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. That’s where you, the lenders, can step in and help.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Although inventory is slightly higher now than this time last year, competition is still fierce. Speak with your lender to determine the earliest mortgage contingency date.

Buyers 70

Buyers Inspection Sellers Real Estate 70

Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. But, even then, today’s homebuyers aren’t spoiled for choice. Creating transparency.

Construction 450

Construction Logistics Technology Real Estate 450

Appraisal Today

SEPTEMBER 22, 2023

To me, the big issue is who is doing the inspections. Most of the inspection training we receive as appraisers happens in the field. The guy I followed around on appraisal inspections didn’t really take the time to explain what he was doing. Inspection training was very good. Mortgage interest rates ALWAYS go up and down.

Appraisal 86

Appraisal Training Inspection Real Estate 86

D Fritz Appraisals

JUNE 28, 2022

This significant increase came about due to the unprecedented combination of: All time low mortgage rates. Significantly reduced housing inventory. While low mortgage rates created higher demand, the lack of available homes led to price increases and over-bidding. Higher disposable household income .

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Empire Appraisal Group

MARCH 16, 2023

Gone were sound practices like inspections, appraisals and even contingent offers. The monthly payment needed to service a mortgage at today’s prices and borrowing cost has accelerated beyond affordable limits for a lot of Floridians. In most areas, Active Inventory has been increasing steadily since around June 2022.

Sellers 78

Sellers Inventory Realtors Clients 78

Housing Wire

NOVEMBER 30, 2023

Topics Covered Include Misrepresentation / The Most Common Lawsuit, Property Disclosures and Inspection Issues, Environmental Risk Issues & Additional Risk Management Concerns Ohio 9-Hour Mandatory Core CE Package: Meets CE Requirements with 9 Hrs of Mandatory Core Courses. Mandatory Core Course Meets CE Requirements.

Real Estate 369

Real Estate Real Estate Agent Law Inspection 369

Lamacchia Realty

JUNE 21, 2021

For almost 12 months, the market inventory has been so low that buyers have become used to bidding wars. This means that more inventory is lingering on the market now that more homes are being listed. Furthermore, we are getting comfortable with the historically low mortgage rates , but no one can guarantee that they stay this low.

Inspection 69

Inspection Buyers Inventory Sellers 69

Eppraisal

OCTOBER 5, 2022

Home values are not going down anytime soon however inventory of homes available for sale is increasing. Prepare with a Preapproval First and foremost, you should speak to a mortgage lender and obtain a preapproval letter. Rising Rates It is no secret that mortgage interest rates are rising. " Think about that for a moment.

Buyers 68

Buyers Real Estate Agent Marketing Sellers 68

McKissock

FEBRUARY 4, 2022

According to a new report from Redfin News , “The share of newly built single-family homes on the market is at a record high as builders try to keep up with surging homebuyer demand fueled by low mortgage rates, low inventory and remote work.” ” Redfin states, “More than one-third (34.1%) of U.S. 3 , or Mar.

Construction 52

Construction Housing Market Appraisal Training 52

PennyMac

DECEMBER 22, 2020

The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Lamacchia Realty

JUNE 27, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly. South Florida Inventory.

New Listings 36

New Listings Inventory Inspection Buyers 36

Housing Wire

APRIL 22, 2024

Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. House-hacking is a great way to build wealth and pay down your mortgage.

Real Estate 335

Real Estate Open Houses Brokerage Real Estate Agent 335

Hank Miller Team

APRIL 4, 2022

What are the trends, inventory, mortgage rates, forecasts? Those not waiving inspections try for the “right to inspect”; a modified and very narrow inspection option. Measured Risk Measured risk is just that, it's not being reckless or stupid. It's understanding the current market and the influences at play.

Buyers 75

Buyers Inspection Sellers Contracts 75