Housing Wire

APRIL 28, 2022

The Madison, New Jersey-based conglomerate whose name brands include Corcoran , Sotheby’s International Realty , and Coldwell Banker , among others, posted $23 million in net income for the first three months of 2022. Our mortgage business took a pretty tough hit,” said Ryan Schneider, who has been Realogy’s CEO since the start of 2018.

Mortgage 340

Mortgage Brokerage Agents Real Estate Agent 340

Housing Wire

FEBRUARY 23, 2024

Local agents attribute at least some of the market’s hotness to the inventory situation. It’s bad, like really bad,” Doug Danzey, the leader of the eXp Realty brokered teamerage The Cobalt Group , said. “We I think the big driver of the lack of mobility and inventory in today’s market is the interest rates,” Stella said.

Housing Market 464

Housing Market Marketing Inventory Buyers 464

Housing Wire

FEBRUARY 22, 2024

Mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a lock-in effect among would-be home sellers who bought their homes years ago with a mortgage rate of 3% to 4.5%,” the association explained in an announcement. ” Closed sales of single-family homes grew 0.6%

New Listings 402

New Listings Realtors Real Estate Inventory 402

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed. According to Altos Research, as of Feb.

Housing Market 403

Housing Market Marketing Inventory Construction 403

Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We Across the state, agents feel these rising insurance costs on top of higher mortgage rates and list prices.

Insurance 389

Insurance Housing Market Marketing Agents 389

Housing Wire

OCTOBER 28, 2022

With rising rates, inflation, a complete switch to purchase and continued inventory constraints there will be a lot for our panel to talk about. We’ll take a look back at 2022 and into 2023 from a marketing strategy standpoint. Watch the full session below. To go back to the full HousingWire Annual 2022 on demand page, go here.

Marketing 333

Marketing Realty Inventory Technology 333

Housing Wire

MAY 14, 2024

“People who already own homes are less likely to be buyers right now because they are holding onto their properties because of low interest rates ,” Joe Cilic, the team lead of the Sotheby’s International Realty -brokered Cilic Group , said. At the lower price points, they are pretty common,” Cilic said of multiple offer situations.

Buyers 368

Buyers Inventory Landlords Real Estate 368

Housing Wire

APRIL 25, 2024

I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We Looking further into the spring and summer months, agents are optimistic that more inventory will hit the market, but they do not believe it will be enough to satiate demand. “We

Buyers 383

Buyers Marketing Inventory Investors 383

Housing Wire

MARCH 31, 2023

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. As the housing market continues to face volatility, the role of CFO has become increasingly critical.

Finance 323

Finance Realty Property Management Real Estate 323

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% In the past, we never talked about co-borrowers — obviously, husband and wife, you know, that’s your co-borrower,” said Edgar Garcia, a real estate agent at Revolve Realty in El Paso, Texas. In total, more than 9.5

Real Estate Agent 443

Real Estate Agent Real Estate Buyers Realty 443

Housing Wire

JULY 1, 2022

On the heels of a global COVID -19 pandemic that keeps rearing its head, the housing economy is now faced with rising rates and dismal inventory. Sotheby’s International Realty. Sprout Mortgage. Realty ONE Group. Cherry Creek Mortgage. First Guaranty Mortgage Corporation. Enact Mortgage Insurance.

Marketing 382

Marketing Realty Real Estate Lending 382

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday.

Brokerage 354

Brokerage Technology Agents Training 354

Housing Wire

FEBRUARY 21, 2024

The reports note that Millennials are reaching the typical age of homebuying at a time when a prospective homebuyer who can pay a 20% down payment and can pay the equivalent of the going market rent towards a monthly mortgage payment would not even qualify for the median home in the U.S. In 2022, build-to-rent transactions totaled about $2.1

Investors 429

Investors Construction Real Estate Inventory 429

Housing Wire

FEBRUARY 13, 2024

Century 21 Regency Realty agent Cheryl Piccinini has lived and traveled all over the world, but there is no place she would rather be than Alabama. “No Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. You can find the city, the country. We’ve got beaches.

Construction 362

Construction Supply Chain Inventory Agents 362

Housing Wire

JULY 16, 2021

The second big mortgage joint venture announcement this week is a meeting of the Glenns. Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The Mobile “Must-Haves” Reshaping Mortgage Technology. Presented by: SimpleNexus.

Mortgage 385

Mortgage Lending Brokerage Agents 385

Housing Wire

MARCH 1, 2021

But the market is also beset by a 40 percent decrease in year-over-year inventory, Butler said. Watson Realty Corp. and Florida Home Realty & Mortgage are the top Jacksonville brokerages by sales volume, according to RealTrends 2019 data. “Have you been seeing the news?” Butler said, with a laugh.

Investing 393

Investing Brokerage Realty Agents 393

Housing Wire

JUNE 1, 2022

I’m sure you’ve all heard ad nauseam about the low housing inventory impacting the market. The top four — Realogy Brokerage Group , HomeServices of America , Compass and eXp Realty — now have 20% market share in the U.S. And, the top firms grew market share at record rates. In the franchise category, No.

Brokerage 354

Brokerage Real Estate Realty Insurance 354

Housing Wire

AUGUST 14, 2023

It is also the city Jesse “Weno” Dominguez, an agent at Imagine Realty Group, calls home. “I 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. I’m concerned about not having inventory,” he said. “I

Housing Market 297

Housing Market Marketing Inventory Agents 297

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. That, along with the tech jobs Des Moines has to offer and low mortgage rates , means new builds are more affordable for younger buyers. “I

Housing Market 430

Housing Market Marketing Realty Realtors 430

Housing Wire

SEPTEMBER 30, 2020

“There’s a lot of homeschooling going on in this hybrid world, and it’s difficult,” Realtor Vesna Kanacki with Century 21 Full Service Realty in New City, New York, told HousingWire. Jackie Merchant, Realtor at Coldwell Banker Realty in Sacramento-Sierra Oaks, said she doesn’t think her market will be slowing down anytime soon.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

AUGUST 16, 2022

With rising rates, inflation, a complete switch to purchase and continued inventory constraints, there will be a lot for this panel to talk about. HW Annual will be held in Scottsdale, Arizona this year and feature housing leaders from all corners of the industry, including real estate, mortgage and closings.

Real Estate 339

Real Estate Technology Housing Market Realty 339

Housing Wire

NOVEMBER 8, 2023

While home sales are down nationwide in 2023’s high-mortgage-rate environment , sales data suggests the aspiring disruptors are losing ground to industry stalwarts. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory. Opendoor, too, recently announced a partnership with eXp Realty.

Marketing 400

Marketing Inventory Renovations Investors 400

Housing Wire

DECEMBER 28, 2021

The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. But since June 30, prices have leveled off to about $530,000, according to data provided by Stacie Herrig, who is a Boise-based agent at Fathom Realty.

Real Estate 441

Real Estate Realty Brokerage Realtors 441

Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. However, the Freedom case represented a “wakeup call.”

Real Estate Agent 410

Real Estate Agent Loan Officers Real Estate Agents 410

Housing Wire

NOVEMBER 18, 2020

Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. As the Hawaii housing market continues to soar, housing inventory remains low. year over year on the big island, Hawaii. “I

Housing Market 457

Housing Market Marketing Real Estate Agent Agents 457

Housing Wire

OCTOBER 21, 2022

Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand has cooled and inventory has risen dramatically. However, as mortgage rates continue to rise, home-buying demand cools further and concerns about a possible recession become more prevalent.

Marketing 339

Marketing Inventory Housing Market Agents 339

Realtor

OCTOBER 16, 2023

“Doing your due diligence can help you avoid some of the most common rookie mistakes, so you come out not only with the home of your dreams, but also a mortgage you can afford.” Here are some common blunders homebuyers make when attempting to secure a mortgage.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

MAY 8, 2024

In situations where no offer of compensation is offered from a seller, VA buyers are immediately at a disadvantage, potentially forcing them to forego professional representation, lose a property in an already limited inventory, choose a different loan product, or exit the market entirely.”

Buyers 417

Buyers Sellers Government Agents 417

Housing Wire

OCTOBER 13, 2021

Low interest rates and high rent prices are certainly partially responsible for the strong demand we have seen,” local eXp Realty agent Tiffany Lee said. “Of Also making things challenging is – as is true virtually everywhere – a lack of inventory. I have been getting buyers from Ohio, California and all over.”. It is really wild.”.

Buyers 392

Buyers Agents Inventory Realty 392

Housing Wire

DECEMBER 19, 2022

Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said. Ward said this slowdown has led to an increase in housing inventory. We have about 2.6

Marketing 331

Marketing Inventory Buyers Housing Market 331

Housing Wire

MARCH 13, 2023

Tsai works with both homebuyers and tenants and while he says his business is typically split 50/50 between buyers and tenants, he has noticed a shift as mortgage rates have risen over the past six months. We have more inventory than we have had in years, and we have almost enough buyers to support that inventory.”

Housing Market 345

Housing Market Marketing Tenants Buyers 345

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. million in 2020.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

APRIL 29, 2022

With inventory remaining tight and demand still strong, Davis only sees this trend increasing as we get further into spring. Like elsewhere in the country, Rochester is experiencing a record low level of inventory combined with a heightened demand for housing. Rochester, New York. COVID-19 kind of ramped things up even more.

Housing Market 327

Housing Market Marketing Agents Real Estate 327

Housing Wire

JUNE 10, 2022

This week’s HW+ member spotlight features Stacy Esser, founder and team leader at Stacy Esser Group/SEG Realty Keller Williams. His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels.

Sellers 381

Sellers Housing Market Inventory Buyers 381

Housing Wire

MAY 20, 2022

This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. According to local Sotheby’s International Realty agent Joe Barbieri, this trend was accelerated by the onset of the COVID–19 pandemic. “At

Housing Market 372

Housing Market Marketing Real Estate Agent Real Estate 372

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

OCTOBER 18, 2021

As housing inventory remains low and buyers are continuing to face strong competition with one-third of homes going under contract within a week , many are becoming discouraged and have started looking for alternative options. Treasuries and mortgage-backed debt. NAHB attributes this increase to strong consumer demand for homes.

Supply Chain 523

Supply Chain Inventory Buyers Housing Market 523