Housing Wire

SEPTEMBER 19, 2022

Beginning a career as a real estate agent is an exciting time. That’s why new agents shouldn’t miss these three panels at HW Annual that will set you up for a long, successful career. . This panel will cover home prices, the state of housing inventory, the future of mortgage rates and the housing recession.

Real Estate Agent 342

Real Estate Agent Real Estate Agents Loan Officers 342

Inman

NOVEMBER 21, 2023

After exceeding 8 percent in October, rising mortgage rates overtook "lack of housing inventory" as the top concern for real estate agents, according to the results of the latest monthly Inman Intel Index.

Inventory 176

Inventory Agents Real Estate Agent Mortgage 176

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 446

Inventory Renovations Real Estate Government 446

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. According to the brokerage, 6.5%

Sellers 493

Sellers Buyers Inventory Real Estate Agent 493

Housing Wire

MAY 30, 2024

in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” NAR chief economist Lawrence Yun said in a statement.

Real Estate Agent 477

Real Estate Agent Inventory Realtors Buyers 477

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. In a statement issued on Tuesday, the MBA said that it welcomes this move from the VA.

Buyers 510

Buyers Agents Real Estate Agent Real Estate 510

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

Buyers 495

Buyers Agents Mortgage Real Estate Agent 495

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I Hamblen said that there’s about a month-and-a-half worth of inventory in the Long Island market and she is expecting a strong end to 2020.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 460

Mortgage Real Estate Agent Renovations Finance 460

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officers 386

Loan Officers Mortgage Inventory Clients 386

Housing Wire

MAY 20, 2021

April’s 7.08% decline in mortgage delinquencies wasn’t even half of the drop March posted, but it did manage to push the national delinquency rate to below 5% for the first time since the beginning of the pandemic, Black Knight revealed in a new report. How real estate agents can alleviate consumer pain points in a tight market.

Mortgage 479

Mortgage Real Estate Agent Inventory Real Estate 479

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 323

Inventory Marketing Business Buyers 323

Housing Wire

MARCH 29, 2023

When the 30-year fixed rate dropped for the third straight week in late March, homebuyers responded, giving a boost to mortgage applications. And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed.

Mortgage 392

Mortgage Real Estate Agent Buyers Loan Officers 392

Housing Wire

JUNE 2, 2022

HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 This Q&A was originally hosted on June 1st. Then this happened.

Training 393

Training Inventory Housing Market Real Estate Agent 393

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 420

Advertising Real Estate Agent Mortgage Real Estate 420

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades. The average interest rate on a 30-year-fixed mortgage was 7.07% in August.

Buyers 392

Buyers Mortgage New Listings Real Estate Agent 392

Housing Wire

JUNE 8, 2023

Mortgage rates and home prices are high and inventory is paltry, resulting in a largely frozen housing market. Nearly two-thirds of Americans say they are waiting for mortgage rates to drop before entering the market, according to a survey released this week by BMO Financial Group , the eight-largest bank in North America.

Mortgage 325

Mortgage Housing Market Real Estate Agent Real Estate 325

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. Roomvu claims that more than 100,000 real estate agents are preparing their local social media content on the platform.

Marketing 309

Marketing Real Estate Agent Tools Realtors 309

Housing Wire

JANUARY 12, 2024

homeowners with mortgages had an interest rate below 6%. To conduct this study , Redfin analyzed data from the Federal Housing Finance Agency ’s National Mortgage Database as of the third quarter of 2023. For repeat buyers and first-time buyers who entered the market in 2022, the average mortgage rate was above 6%. in mid-2022.

Real Estate Agent 456

Real Estate Agent Sellers Inventory Mortgage 456

Housing Wire

MARCH 27, 2024

The VA rule states that a borrower using a VA loan cannot pay fees or commissions to a real estate agent unless determined “by the Under Secretary for Benefits as appropriate for inclusion … as proper local variances.” Concerns over the existing VA policies have been echoed among mortgage professionals.

Buyers 437

Buyers Real Estate Agent Inventory Real Estate 437

Housing Wire

MAY 30, 2024

Ironically, the technology he’s developed can be a benefit to real estate agents as well. BR: This really came out of decades of being in the mortgage business. But we are definitely supporting a market that already exists — they don’t use real estate agents anyway.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Agents 382

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. In total, more than 9.5

Real Estate Agent 438

Real Estate Agent Real Estate Buyers Realty 438

Housing Wire

MARCH 9, 2022

“A lot of companies sacrifice profitability for growth, but I am proud to say, we do not have to operate that way,” Harley said on the call, exclaiming that the growth strategy will attract more investors and real estate agents over the long haul. “We million, representing 9.5% of total revenue for the quarter.

Inventory 321

Inventory Brokerage Realty Real Estate 321

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 340

Mortgage Loan Officers Lending Retail 340

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 393

Mortgage Buyers Agents Real Estate Agent 393

Housing Wire

APRIL 28, 2022

billion in quarterly revenue, but the vast majority of that is from home sale commissions, which largely are returned to the company’s independent contractor real estate agents. Our mortgage business took a pretty tough hit,” said Ryan Schneider, who has been Realogy’s CEO since the start of 2018. Realogy generated $1.6

Mortgage 339

Mortgage Brokerage Agents Real Estate Agent 339

Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

Lending 433

Lending Mortgage Inventory Business 433

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

Mortgage 424

Mortgage Renovations Appraisal Process Finance 424

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 365

Mortgage Loan Officers Government Buyers 365

Housing Wire

JANUARY 5, 2024

Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices. Rising interest rates, however, mean higher mortgage payments, and can dampen buyer enthusiasm or affordability , slow down sales or lead to dropping home prices.

Real Estate 421

Real Estate Agents Marketing Sellers 421

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Purchase mortgages accounted for about 82.5%

Mortgage 352

Mortgage Real Estate Real Estate Agent Realtors 352

Housing Wire

APRIL 29, 2022

Just like Earth, mortgage rates and housing markets are cyclic and we’re heading into another Ice Age. There is a broker in charge talking about the spring buying season and an elder mortgage sales manager talking about some interest-only (IO) loan or ARM from 1990 that was 8%. Products are limited as is inventory.

Mortgage 370

Mortgage Real Estate Agent Technology Inventory 370

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Among mortgage brokers, Cohen ranked first. Cohen funded $751.4 Cohen funded $751.4

Marketing 318

Marketing Mortgage Inventory Loan Officers 318

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. The roots of racial disparities in housing and mortgage markets run deep.

Mortgage 495

Mortgage Lending Real Estate Agent Government 495

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. mortgage rate could have afforded a $416,000 home. Mortgage rates stabilized last week, averaging 6.69% as of Jan.

Buyers 344

Buyers Mortgage Agents Investors 344

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 444

Marketing Mortgage Supply Chain Inventory 444

McKissock

NOVEMBER 2, 2021

is becoming increasingly more entwined with real estate. But does that mean real estate agents need to worry about artificial intelligence taking their jobs? Artificial Intelligence in Real Estate Speeds Up the Document Search. Be a Good Thing For Real Estate Agents?

Real Estate Agent 67

Real Estate Agent Real Estate Agents Clients 67