Real Estate News

APRIL 19, 2024

Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.

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Inventory Insurance Sellers Buyers 258

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

MAY 20, 2024

Price reductions typically peak in November before resetting for the holidays and the fresh inventory in the spring. The second dynamic to watch here is how many sellers are cutting their prices each week. In these markets, inventory is growing more rapidly and other costs, such as insurance and taxes, are up a lot.

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Inventory New Listings Sellers Contracts 392

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. Elevated mortgage rates slow demand so that inventory grows, but in years past, the total sales volume has been restricted by the limited supply. Let’s dig further into the details of the U.S.

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Inventory Contracts Sellers New Listings 392

Housing Wire

APRIL 17, 2024

On the supply side, the market continues to improve with an increasing number of properties being listed on the market as more sellers begin to accept the new normal.” And last month’s level of unsold inventory was up 23.8% Fewer insurance options may be hampering sales in the Golden State. to $854,490. across the country.

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Insurance Housing Market Realtors Inventory 370

Housing Wire

APRIL 23, 2024

Simonsen asserted that monitoring changing data points on a daily and weekly basis — including inventory levels, new and pending home sales, and home price data and signals —can help to more efficiently track the impact of mortgage rates. “I He began by looking at fresh inventory data. He began by looking at fresh inventory data.

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Inventory Housing Market Sellers Marketing 403

Inman

SEPTEMBER 20, 2023

Interest rates, insurance premiums, tax concerns and more are keeping sellers from putting their homes on the market and forcing them to defer their dreams. Team leader Carl Medford believes it's up to real estate agents to communicate effectively and help sellers move forward.

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Sellers Real Estate Agent Insurance Real Estate 126

Housing Wire

MARCH 11, 2024

Data from Altos Research , an HW Media company, shows that weekly inventory from March 1-8 was at 500,579 single-family units, up from 498,339 the previous week but still low compared to the 2023 peak of 569,898. In addition, the proposal has “no viable path to passage during this Congress,” Boltansky said. million families.

Insurance 370

Insurance Mortgage Government Inventory 370

Housing Wire

AUGUST 3, 2022

The survey, called the Seller Insights report, shows that nine in 10 mortgage servicers expect their foreclosure volume to increase over the next 12 months — with 74% anticipating a “slight increase,” and 15% projecting a “substantial increase.”. How borrowers can stay afloat with home equity products during difficult economic times.

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Inventory Clients Government Sellers 450

Housing Wire

MAY 28, 2023

Active housing inventory , thankfully, saw some decent growth last week. Here’s a quick rundown of the last week: Active inventory grew 8,914 week to week, even though new listing data is still trending at all-time lows in 2023. Weekly housing inventory The growth in active listing inventory has been tepid this year.

Housing Market 487

Housing Market Mortgage Marketing Inventory 487

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Lower demand means that homes often sit on the market longer than usual.

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Real Estate Agents Marketing Sellers 421

Housing Wire

APRIL 17, 2023

In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We This popularity has resulted in constrained inventory.

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Housing Market Marketing Inventory Buyers 344

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 383

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.

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Real Estate Buyers Agents Sellers 471

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. There’s just more buyers than there are sellers,” added Steven Grossman, chief strategic officer at NJ Lenders. Waiting for rates to go down is just a foolish bet.

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Loan Officers Mortgage Inventory Clients 386

Housing Wire

MAY 14, 2023

Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Weekly housing inventory Well, the best thing I can say for spring 2023 inventory is that we found the seasonal bottom a few weeks ago. This link explains the difference. From the St.

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Housing Market Marketing Inventory New Listings 419

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. More and more, you’ll start to compete for buyer business in a similar way you do for listings now.

Clients 362

Clients Buyers Real Estate Agent Real Estate 362

Housing Wire

MAY 26, 2022

With the current housing inventory crunch and rising rates slowing refi volume, lenders are finding themselves in a much different position than this time last year. Reich outlined that some of those opportunities may include the borrower being eligible to get rid of mortgage insurance or have a cash-out transaction.

Loan Officers 359

Loan Officers Finance Technology Insurance 359

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. With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers. 85%) back to the pre-crisis level of.5%,”

Insurance 357

Insurance Loan Officers Sellers Mortgage 357

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. You need a buyer and seller,” Brown said. mortgage insurance market in 2023 to deteriorate. mortgage insurance sector, according to the report.

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Housing Market Marketing Insurance Mortgage 410

Housing Wire

APRIL 20, 2023

On April 6, the Federal Deposit Insurance Corporation (FDIC) announced a “gradual and orderly” move to sell a portfolio of $114 billion in mortgage-backed securities (MBS) it retained after seizing control of failed regional banks Signature Bank and Silicon Valley Bank (SVB). Another challenge to the market is the lack of inventory.

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Mortgage Buyers Housing Market Inventory 368

Housing Wire

DECEMBER 28, 2023

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The inventory puts a cap on how much business we can do. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

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Business Mortgage Loan Officers Inventory 401

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

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Real Estate Open Houses Brokerage Real Estate Agent 334

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

Housing Market 355

Housing Market Renovations Marketing Retail 355

Housing Wire

JANUARY 13, 2023

While a lack of inventory still remains an issue, Cohen expects first time buyers to come back to the market now that they’ve become more realistic with mortgage rates and rents soaring. “I I really think until we see inventory move in our favor, it’s still going to be a tough market for a buyer. How does my payment look?

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Buyers Housing Market Marketing Real Estate Agent 373

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. Not to mention the current mortgage rates at decades-high levels as well as sellers who are locked in with pandemic low rates. Sellers are even using this as a tool to attract buyers. It never will be.

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Agents Buyers Sellers Inventory 383

Housing Wire

FEBRUARY 24, 2022

billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. billion in unsold real estate inventory. Carrie Wheeler, Opendoor’s Chief Financial Officer, assured investors that the company has financing for “over $10 billion” in inventory. The company tallied $8.0

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Investors Real Estate Inventory Finance 424

Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . In addition, more for-sale inventory will likely be available on the market. The event is exclusively for HW+ members , and you can go here to register.

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Housing Market Marketing Construction Inventory 545

Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire.

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Brokerage Real Estate Clients Insurance 400

Housing Wire

MAY 24, 2023

Meanwhile, with the primary market struggling amid higher rates and lower inventory, MBS supply is expected to decline. ” The sellers’ side As affordability is still an issue, originations will decline and affect the supply of MBS, panelists said. The Fed and U.S. trillion this year.

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Marketing Insurance Investors Mortgage 317

Lamacchia Realty

MARCH 26, 2024

Condo sales in particular have experienced a significant decline in recent weeks which can be attributed to the ongoing insurance crisis in the state and to the increased association fees and/or added special assessments for condos due to the more stringent regulations resulting from the tragic Champlain Tower Collapse in Surfside, Florida.

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Bracketing HOA Sellers Buyers 60

Housing Wire

AUGUST 24, 2023

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago.

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Mortgage Property Taxes Investors Buyers 364

Housing Wire

MAY 8, 2023

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. Minimum timeline of 12 months The sellers had only lived in the home for nine months. However, for some reason, you must pay property insurance up front for a year.

Mortgage 387

Mortgage Marketing Realtors Sellers 387

Housing Wire

MAY 25, 2023

Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. The big difference is that monthly mortgage payments are optional so long as the borrower continues to maintain the home and pay their property taxes and insurance,” Cooper said.

Loan Officers 374

Loan Officers Real Estate Agent Real Estate Finance 374

Housing Wire

NOVEMBER 8, 2021

Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases. I’d say there is a 50/50 chance of a letter having an impact on sellers, but when things are tough, it’s worth a shot,” Pascoe said.

Clients 377

Clients Agents Buyers Sellers 377

Eppraisal

DECEMBER 9, 2021

It is December and it's still a hot real estate market for sellers. This past year we have experienced an unprecedented lack of real estate inventory available for sale leaving pent-up buyer demand. Sellers should be happy with VA loan buyers. Some sellers may think this is one downfall of VA home loans.

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Sellers Buyers Home Value Insurance 36

Housing Wire

DECEMBER 1, 2023

Current high rates are creating an inventory lock-in effect because sellers with existing low-rate mortgages don’t want to give those loans up for a much higher rate on another property. “I I think rates will have a big impact because, one, they affect buyer affordability, and two, they affect inventory.

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Finance Buyers Mortgage Inventory 381