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The mortgage rate lock-in didn’t start in 2022

Housing Wire

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. It’s simple: When money is very cheap, we want to own real estate. This was a supply-constrained market.

Mortgage 357
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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Over the last four weeks ending on Sept.

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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%. We are a company of top agents.”

Agents 359
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Why is the El Paso housing market so hot right now?

Housing Wire

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Interest rates were so low, at 2.5%

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Study: Real Estate Hot in Hurricane Ian-Hit Areas

Empire Appraisal Group

NEWS & MEDIA Bilanol/Getty Images Plus Source: [link] Study: Real Estate Hot in Hurricane Ian-Hit Areas By Kerry Smith Storms rarely have a long-term effect on the local real estate market. Cape Coral-Fort Myers listings dropped for two months after Ian but rose for the six after that.

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An inside look at local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Bluffton, South Carolina. in 2021 to $330,745.

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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. We’ve signed 47 new listings year to date, and we’ve had plenty of conversations with other sellers that we didn’t sign, but there are a lot more conversations surrounding transparency,” Posnick said.

Agents 399