Housing Wire

JANUARY 19, 2024

I always stress this because of my core belief that it’s rare in America to have existing home sales trend below 4 million after 1996. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract. from December 2022 ($366,500).

Housing Market 429

Housing Market Inventory Contracts Marketing 429

Housing Wire

SEPTEMBER 12, 2023

“I am sad to announce that alongside many other talented individuals, my Account Executive role was impacted in Divvy Homes third round of layoffs, meaning I am now #opentowork!,” an account executive posted on LinkedIn. “As

Valuation 324

Valuation Landlords Investing Buyers 324

Housing Wire

FEBRUARY 10, 2024

3-10): Inventory fell from 457,717 to 444,129 The recent inventory bottom was in 2022 at 240,194 The inventory peak for 2023 was 569,898 For context, active listings for this week in 2015 were 947,864 New listings data The new listing data put a big smile on my face this week! Here is a look at last week: Weekly inventory change (Feb.

Inventory 509

Inventory New Listings Retail Mortgage 509

Housing Wire

MAY 3, 2023

At that time, my main goal was to provide for my family and to be the most indispensable employee at the company no matter my role. At small companies there are not always perfectly defined roles, so my success was measured by my ability to be willing to fill any role necessary to help grow the company.

Real Estate 326

Real Estate Lending Finance Mortgage 326

Housing Wire

JANUARY 11, 2024

“If we were having this conversation a year ago, everyone would have said we were wasting our time, and they would probably have been right,” says Haber, who founded the NAR Accountability Project. My goal when we started the Accountability Project was always to help strengthen and support NAR,” Haber said. “I

Real Estate Agent 432

Real Estate Agent Real Estate Buyers Agents 432

Housing Wire

FEBRUARY 21, 2024

The three vendor advisers are Brian Vieaux, president and COO of FinLocker ; Sam Parker, owner of My Credit Guy ; and Sofia Rossato , president and general manager of Floify. BAC also created seven nonvoting roles that include vendor advisory roles and a leadership council.

Lending 388

Lending Finance Retail Mortgage 388

GoForrmz

MAY 19, 2021

Adding new users to your GoFormz account is easy Adding new users to your GoFormz account improves collaboration and communication. To add a new user to your GoFormz account simply follow the instructions below (please note that you must have Admin permissions to add a new user): Login to GoFormz from a computer.

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GoForrmz

MAY 19, 2021

Adding new users to your GoFormz account is easy Adding new users to your GoFormz account improves collaboration and communication. To add a new user to your GoFormz account simply follow the instructions below (please note that you must have Admin permissions to add a new user): Login to GoFormz from a computer.

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Housing Wire

FEBRUARY 26, 2024

Probably about 20-25% of my business has been that product.” A tax and insurance escrow account is used for budgeting and administration, similarly to traditional mortgages. My point is that I’m not trying to reinvent the wheel here. So that just shows how much education is needed. Because of that, a limit of $1.1

Marketing 365

Marketing Business Clients Training 365

Housing Wire

JANUARY 5, 2024

I participated in dramatic changes in MLS at various points throughout my career, and I look forward to once again playing a key role in the evolution of the MLS as CEO of SDMLS. The suit claims that more than $1 million in member dues were diverted from lobbying efforts into Mercurio’s pocket.

Real Estate 350

Real Estate Realtors Technology Tools 350

Housing Wire

MAY 8, 2023

My wife found a home with motivated owners due to a divorce. My father had been diagnosed with stage four liver failure at that time, and we were aggressively looking for a home so he could move in with my family. To move my father in, we opted to rent the house for the remainder of the three months. I was beyond done.

Mortgage 393

Mortgage Marketing Realtors Sellers 393

Housing Wire

APRIL 18, 2023

Yanely: I was really struggling myself with my personal finances because I’m first-generation American. My parents are from the Dominican Republic. And my parents never really had bank accounts, or debit cards, or credit cards, or anything like that. I’m a daughter of immigrants. I had no idea.

Finance 328

Finance Transportation Mortgage 328

Housing Wire

JANUARY 25, 2024

I made the decision to put homebuyers first when I moved into the wholesale world, and now, I’m doubling down on my commitment to them and the entire broker community,” Haddad said in a statement. ” AIME has a total of 65,000 members.

Retail 383

Retail Lending Loan Officers Brokerage 383

Housing Wire

MARCH 21, 2024

From NAR: First-time buyers were responsible for 26% of sales in February; Individual investors purchased 21% of homes; All-cash sales accounted for 33% of transactions; Distressed sales represented 3% of sales; Properties typically remained on the market for 38 days. However, over 30 days on market brings a smile to my face.

Inventory 470

Inventory Housing Market Mortgage Marketing 470

Housing Wire

JANUARY 5, 2023

My 2022 price forecast: Last year, my price forecast anticipated a noticeable deceleration in price growth, even with inventory levels at all-time lows and mortgage rates still below 4% and the start of the year. My 2022 rates forecast: To say we had a historic year in mortgage rates and the bond market in 2022 is an understatement!

Housing Market 538

Housing Market Marketing Inventory New Listings 538

Housing Wire

JUNE 13, 2023

My 2023 forecast for the bond market was a range between 3.21%-4.25% on the 10-year yield, and assuming the spreads were bad, mortgage rates between 5.75% and -7.25%. Since my focus has been more on the labor market this year, the growth rate of inflation falling was already factored into my bond yield range for 2023.

Marketing 480

Marketing Mortgage Housing Market 480

Housing Wire

OCTOBER 20, 2023

Lower commissions don’t account for the real value of the MLSs Those who say that other countries who lack MLSs have lower commissions fail to account for the real value provided by MLS. fails to take any of this into account. Now, picture them together with Zillow and Realtor.com. It’s not a pretty sight.

Real Estate Agent 424

Real Estate Agent Real Estate Brokerage Agents 424

Housing Wire

NOVEMBER 23, 2022

My job is always to be the detective, not the troll so let’s take a look at today’s data, as there is a constant theme here that I have talked about for some time. The cancellation rates are rising, this is true, but the Census reports don’t properly account for those sales being lost. The last two data lines account for 7.7

Construction 447

Construction Marketing Housing Market Mortgage 447

Housing Wire

DECEMBER 16, 2022

Is it my company? Some people are identifying, ‘It’s safer for me to stay where I am because at least this is known,’ and then there’s a group that’s thinking, ‘Maybe my company is not giving me what I need to succeed in this market’ and are out looking,” Graham said.

Loan Officers 399

Loan Officers Marketing Mortgage 399

Housing Wire

DECEMBER 7, 2023

This typically focuses on vacant or unimproved property where the scammers don’t even have to compromise an email account — they don’t even have to fish. They don’t have to do the account take over and the rule changes and all that stuff. People think, that’s not my risk. million house.

Real Estate 430

Real Estate Sellers Technology Real Estate Agent 430

Housing Wire

APRIL 18, 2024

NAR: First-time buyers were responsible for 32% of sales in March; Individual investors purchased 15% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 33 days. So, no matter how you measure it, the inventory data is far from ordinary.

Inventory 481

Inventory Housing Market New Listings Buyers 481

Housing Wire

DECEMBER 23, 2023

While inventory levels are still too low for my taste, it’s good that we are not at 2022 levels when we only had 240,194 total active single-family listings for Americans to buy. We should have a better 2024 and my 2024 forecast will come out on Jan. We never saw the Airbnb crash that dominated some of the housing headlines in 2023.

Housing Market 528

Housing Market Marketing Inventory New Listings 528

Housing Wire

SEPTEMBER 21, 2023

For example, if you have a team of 100 agents, and your top 25 agents account for 50% of sales, it means that half of your business comes from just 25% of your agents. Which agents account for your top 25% of sales? My focus would be on new appointments earned each day and each week. Analyze your sales data by quartiles.

Agents 390

Agents Real Estate Real Estate Agent Business 390

Housing Wire

JANUARY 19, 2023

Can I get my expense report money back please?” “He He (Strauss) didn’t pay 600 people and I don’t know what to say [other than] he owes my team more than $60,000,” said another former executive at Sprout Mortgage. “He He literally owes me over $50,000, my processor $7,000, my assistant $5,000 and a LO on my team another $5,000.

Mortgage 395

Mortgage Investors Legal Loan Officers 395

Housing Wire

APRIL 1, 2024

I brought my concerns to Mike and it became evident that my concerns were not being handled productively,” Grella said in an interview. Early this year, I discovered that Kortas had been making aircraft-related purchases with company money and without my knowledge or consent,” Grella said in a statement.

Brokerage 355

Brokerage Business Loan Officers Legal 355

Housing Wire

FEBRUARY 1, 2024

the collateral) being insufficient, accounts for approximately 3x the national rate ( HDMA 2022 data). Sidebar: My parents have lived in Detroit’s Palmer Woods (which is between 7 Mile and 8 Mile) since I was a tween. Recently, as a Realtor, I reached out to my network to help sell my grandmother’s Detroit home.

Real Estate 385

Real Estate Appraisal Insurance Training 385

Housing Wire

JUNE 29, 2021

The first thing that pops into my shriveled brain is how the housing market looked in February of 2020. Even though we have good demographics for housing, we are not seeing a growth in sales that would account for the rate of growth in prices. This content is exclusively for HW+ members.

Inventory 542

Inventory Housing Market Marketing Business 542

Housing Wire

APRIL 22, 2024

My advice is to start simple. Anytime there is a downturn in housing sales or a shock to the industry like with the litigation settlement, although we have not faced anything like this in my 47 year career, there is uncertainty,” Murray said. You need to start with the end in mind,” Walsh said.

Brokerage 355

Brokerage Real Estate Agents Sellers 355

Housing Wire

NOVEMBER 22, 2021

This number is above my trend sales peak of 6.2 A big part of my work since the end of 2020 is explaining to people that housing data was going to moderate because the make-up demand from COVID created a surge in sales that is very abnormal. We are well above my 6.2 My 2021 forecast didn’t have that reality in play.

Inventory 519

Inventory Housing Market Buyers Investors 519

Housing Wire

JANUARY 20, 2023

NAR Research : First-time buyers were responsible for 31% of sales in December; Individual investors purchased 16% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 26 days. from December 2021 ($358,800), as prices rose in all regions.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

MARCH 27, 2024

And before getting my real estate license in 2009, I had the same opinion, too. My take on the case First and foremost, this case may cause many real estate agents to bail from the industry, but with NAR reporting over 3 million people having a real estate license (due to an extremely low barrier to entry), is that necessarily a bad thing?

Real Estate Agent 289

Real Estate Agent Real Estate Agents Sellers 289

Housing Wire

FEBRUARY 14, 2023

2023 bond and mortgage rate forecast When I do my mortgage rate forecasting for each year, I don’t target mortgage rates but where I believe the 10-year yield channel will be with a set of variables in play. My mindset with inflation data since October of 2022 has been to give it time: 12 months from now, we will be in a better place.

Mortgage 447

Mortgage Housing Market Marketing Retail 447

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. Yes, this, my friends, is why I say the housing market is savagely unhealthy, something I discussed with CNBC last Friday. Obviously, people don’t sell a home to be homeless.

Sellers 362

Sellers Marketing Inventory Housing Market 362

Housing Wire

MARCH 12, 2021

For a long time, I would make minimum payments on credit cards/student loans and glance at my accounts a few times per year. My fiance and I followed this trend. I don’t have enough money to hire an accountant or financial advisor.”. I’m not ready to talk to a real estate agent; my down payment is measly.”.

Real Estate 437

Real Estate Real Estate Agent Design Agents 437

Housing Wire

OCTOBER 31, 2022

My department was told within the last 30 days not to worry.”. Blend cut about 200 employees in two rounds of layoffs this year, which accounted for about 25% of its workforce. We’ve been told there would be no layoffs,” another affected employee, who requested anonymity, said. “My After reporting a $478.4

Mortgage 392

Mortgage Project Management Loan Officers Design 392

Housing Wire

JANUARY 20, 2022

This number is in line with my sales range for 2021 of 5.84 million, but a tad higher than my existing home sales range for 2022, which is between 5.74 million is if home prices accelerate above my five-year cumulative growth rate of 23% and mortgage rates rise. million to 6.2 million and 6.16 months in November and from 1.9

Inventory 465

Inventory Housing Market Marketing Mortgage 465

Cleveland Appraisal Blog

MAY 12, 2022

When Cubicasa first came out, they started following me on my Instagram page. And I remember the first time I started using a digital camera instead of a 35mm camera to take pictures during my inspections. One of my bank clients ordered one of the new Desktop Appraisals that Fannie Mae is accepting. Not a thing! SOMETHING NEW.

Inspection 341

Inspection Appraisal Tools Advertising 341