Housing Wire

SEPTEMBER 22, 2022

Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said. to a seasonally adjusted annual rate of 4.8 Existing home sales are down 19.9%

Mortgage 404

Mortgage Loan Officers Buyers Inventory 404

Housing Wire

MAY 25, 2023

The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year.

Loan Officers 378

Loan Officers Real Estate Agent Real Estate Finance 378

Housing Wire

DECEMBER 3, 2021

Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors. We know refinance volumes will dry up due to rising rates, borrowers not exiting their homes due to the reduced inventories.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

APRIL 15, 2024

Effective digital marketing has become a priority for loan originators as elevated interest rates, persistently high home prices and lack of inventory have created a challenging landscape for homebuyers. Roomvu is backed by REACH, the venture capital arm of the National Association of Realtors (NAR).

Marketing 312

Marketing Real Estate Agent Tools Realtors 312

Housing Wire

JUNE 16, 2022

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. There’s still demand for homes, loan officers told HousingWire. “I

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term. USPAP Rule 1-3 (d) (v) makes this clear.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

MARCH 30, 2023

My perspective is, you need to have companies that are willing to open up that credit risk profile in order to help your loan officers bring in volume. In a market where every loan counts, that’s a great resource for loan officers to have those outlets. How big is the company?

Mortgage 350

Mortgage Retail Loan Officers Brokerage 350

Housing Wire

MAY 3, 2023

Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 392

Agents Real Estate Agent Brokerage Real Estate 392

Housing Wire

APRIL 16, 2024

Earlier in the year, RMD spoke to reverse mortgage managers and loan officers across the country, who did in fact report a more steady stream of inbound inquiries and product interest. Industry perseverance But other data suggests that seniors may be more willing to move again.

Retail 312

Retail Mortgage Business Loan Officers 312

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Nguyen plans on utilizing his proprietary platform to partner with Realtors after his refi-dependent sale volume dropped to a staggering 20% this year. We have subscriptions that go out to Realtors weekly,” Nguyen said.

Renovations 381

Renovations Realtors Construction Mortgage 381

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. in mid-June,” Yun added. Home prices also grew, although at a slower pace.

Housing Market 301

Housing Market Marketing Loan Officers Buyers 301

Housing Wire

MARCH 2, 2023

I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I There are two reasons for this price stability—record low inventory and record high equity. Applications have definitely slowed down in the last few weeks. He wants to wait and see where interest rates go.”

Mortgage 430

Mortgage Buyers Loan Officers Marketing 430

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2 Financial advisors?

Business 372

Business Loan Officers Clients Inventory 372

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% I get people calling me all the time looking for inventory, but we just don’t have any,” he said.

Housing Market 370

Housing Market Marketing Real Estate Agent Real Estate 370

Housing Wire

AUGUST 3, 2023

HousingWire recently published a deep-dive feature on whether Rocket’s accelerated efforts of hiring local loan officers represented a shift in the lender’s strategy. “As A third of the way into Q3, Rocket sees purchase mortgage shares growing but the lack of inventory will continue to be a challenge. “The

Clients 308

Clients Business Inventory Mortgage 308

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

SEPTEMBER 30, 2022

To convince borrowers to take out a mortgage loan, some loan officers and lenders are highlighting how home prices are more affordable now than last year – and the ability of a borrower to refinance the loan when rates decline again. There is more inventory relative to demand, and deals can be found.

Buyers 449

Buyers Mortgage Loan Officers Retail 449

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

Housing Market 331

Housing Market Marketing Real Estate Agent Agents 331

Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Rapid City, South Dakota. Rapid City, South Dakota. Coming in at Realtor.com’s No.

Housing Market 323

Housing Market Marketing Real Estate Real Estate Agent 323

Housing Wire

SEPTEMBER 23, 2022

To understand the impact on borrowers, this week’s increase in mortgage rates to 6.29% resulted in a monthly payment on a $400,000 loan of about $2,470, compared to $1,660 a year ago, according to Nadia Evangelou, National Association of Realtors senior economist & director of forecasting, said in a statement.

Housing Market 368

Housing Market Marketing Mortgage Buyers 368

Cornerstone

OCTOBER 5, 2021

As a recent Realtors Confidence Index published by the National Association of REALTORS® (NAR) shows, homes are still selling at a rapid pace — staying on the market for an average of only 17 days. Click here to connect with a local loan officer who can assess your unique needs and walk you through your options.

Sellers 53

Sellers Loan Officers Inventory New Listings 53

Realtor

OCTOBER 16, 2023

. “Many lenders, especially in more recent years, have started to charge hidden points in an effort to advertise a much lower mortgage rate to potential applicants,” warns Jason Gelios , author of “Think Like a Realtor” and a real estate agent with Community Choice Realty in South East Michigan.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

NOVEMBER 8, 2021

He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans. Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender. More education is really the only way to improve this situation.”.

Clients 381

Clients Agents Buyers Sellers 381

Cornerstone

FEBRUARY 15, 2022

Connect with a local loan officer to find out how. The Existing Home Sales Report from the National Association of REALTORS® (NAR) shows that: “At the end of December, the inventory of unsold existing homes fell to an all-time low of 910,000, which is equivalent to 1.8 Bottom line? For educational purposes only.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S. Low mortgage rates and low for-sale inventory drove the increase in home prices.”.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. Plus, the high demand for housing mixed with low inventory has certainly created many obstacles for borrowers. That’s where you, the lenders, can step in and help. Now, we are starting to see a correction in trends.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Cornerstone

JANUARY 7, 2022

With more housing inventory to hit the market, the intense multiple offers will start to ease. – Lawrence Yun , NAR’s (National Association of REALTORS®) Chief Economist. months — significantly lower than the 6-month supply required for healthy housing inventory levels that satisfy homebuyer demand. Have we met yet?

Housing Market 52

Housing Market Marketing Sellers Inventory 52

Cornerstone

JANUARY 18, 2022

Home prices appreciating at record levels, surging equity, tight inventory, and historically low mortgage rates gave homeowners the motivation to move into new homes that better fit their changing, often remote, lifestyles. month supply (inventory) of homes for sale. ” Reach out to a local loan officer now.

Sellers 49

Sellers Inventory Business Loan Officers 49

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Got questions? We’ve got answers.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Cornerstone

APRIL 2, 2021

Buyer activity remains high , and low inventory continues to pose a problem. The majority of realtors ask their sellers to amp up their curb appeal before listing, and we can see why. Remember, less is more when it comes to home staging, so run this one by your realtor first. Connect with a local loan officer now.

Decorating 41

Decorating Buyers Sellers Loan Officers 41

Cornerstone

JUNE 8, 2021

As the National Association of REALTORS® (NAR) recently reported, there are 410,000 fewer homes listed than there were just a year ago.* Since inventory is so tight, many more homebuyers are opting to take on renovation projects themselves so they can nab the home they have their eye on. Reading Time: 4 minutes.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Cornerstone

MAY 4, 2021

But today, housing inventory has dropped far below this level: The National Association of REALTORS® (NAR) reports that there’s currently just a 2.1-month Since every home is different, consulting with your agent and your loan officer can set you up for success (and profit) when you’re ready to sell.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Housing Wire

MAY 3, 2023

Existing home sales in particular have been paltry in 2023, largely due to low levels of inventory. Single-family inventory for the week ending April 28 jumped to 422,270, up from 414,010 the week prior, offering real estate agents and mortgage loan officers hope that the ice is melting.

Real Estate Agent 373

Real Estate Agent Inventory Loan Officers Mortgage 373

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. Partner with a local loan officer who has the tried-and-tested technology to help you and your clients move fast. Find a loan officer who cares as much as you do.

Clients 62

Clients Sellers Loan Officers Real Estate 62

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. I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. I was beyond done.

Mortgage 389

Mortgage Marketing Realtors Sellers 389