Housing Wire

APRIL 3, 2024

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. Like all of the publicly traded brokerages, Zillow Group saw its stock prices slide, dropping 13.4%

Real Estate 377

Real Estate Agents Buyers Business 377

Housing Wire

SEPTEMBER 13, 2022

It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. However, what caught my eye, even more, is that mortgage rates made a 1.25% move lower, and the new listings data still fell. But now this is a real risk. in 2021 and as high as 6.25% in 2022. The parts of the U.S.

Mortgage 519

Mortgage Inventory New Listings Sellers 519

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. from $490 billion in the second quarter.

Lending 438

Lending Inventory Mortgage Finance 438

Housing Wire

DECEMBER 22, 2023

The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. Still, a sluggish to slightly better forecast for 2024 beats the hardscrabble path of retrenchment the industry endured in 2023.

Mortgage 415

Mortgage Marketing Housing Market Buyers 415

Housing Wire

AUGUST 4, 2023

The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 Redfin’s market share in the second quarter of 2023 declined nearly 10% on an annualized basis to 0.75%.

Brokerage 351

Brokerage Agents Real Estate Marketing 351

Housing Wire

DECEMBER 20, 2023

Following the Fed meeting last Thursday, mortgage rates dropped. Then they dropped. And then they dropped some more. In fact, they dropped so much that they reached 6.69% on Dec. In fact, they dropped so much that they reached 6.69% on Dec. That drop – 0.3 percentage points, implying three cuts of 0.25

Mortgage 410

Mortgage Realtors Real Estate Marketing 410

Housing Wire

SEPTEMBER 12, 2023

After two of the most challenging years in recent history, economists and analysts project a shift in the mortgage market toward the end of 2023, Hoff said. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex.

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

JUNE 29, 2023

Mortgage rates have hovered in the 6% to 7% range for over six months and, despite affordability headwinds, homebuyers have adjusted and driven new home sales to its highest level in more than a year,” said Sam Khater, Freddie Mac’s chief economist in a statement. Since early last year, we have raised our policy rate by 5 percentage points.

Mortgage 345

Mortgage Investors Construction Marketing 345

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. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Housing Wire

JANUARY 19, 2023

Home prices nationwide fell between August and September, marking the first time prices have declined for three consecutive months in nearly four years, according to the Case-Shiller National Home Price Index. After years of historic growth, the housing market is beginning to normalize.

Insurance 443

Insurance HOA Real Estate Law 443

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%. After dropping from $1.2 After dropping from $1.2 and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 383

Business Loan Officers Clients Inventory 383

Housing Wire

JUNE 25, 2023

But, last year saw the biggest home sales crash ever recorded in history, so the rise in inventory last year happened because of an abnormal event and we were working from a very low bar. Purchase apps had a small week-to-week gain. Mortgage rates were again in a small range, hanging near 7%.

Inventory 410

Inventory Housing Market Marketing New Listings 410

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. in the second year. in the second year.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

JANUARY 31, 2023

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. We also have high wages, [and] our [prices of] properties didn’t go up as much as some other areas during COVID.

Inventory 335

Inventory Marketing Business Buyers 335

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Housing Wire

NOVEMBER 30, 2022

We’ll have a lag in when people refi because even if there is a rate incentive to do it, there may not be the price incentive to do it. The Fed could begin cutting rates by June [of next year], in the summertime, by that metric. David Petrosinelli managing director at InsphereX.

Marketing 382

Marketing Mortgage Business Government 382

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 354

Finance Marketing Renovations Investors 354

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

Renovations 391

Renovations Realtors Construction Mortgage 391

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Housing Market 359

Housing Market Marketing Contracts Lending 359

Housing Wire

MARCH 28, 2022

What has remained the same? For example, my home price growth forecast for 2022 was between 5.2% – 6.7%; at first, that looked like it was too small. HousingWire: How will rising rates affect new home construction? What does this mean for first-time homebuyers? Inventory has been falling for years.

Housing Market 322

Housing Market Marketing Supply Chain Inventory 322

Cleveland Appraisal Blog

NOVEMBER 3, 2022

So what can we do? Investors who need a value of a home before and after the proposed repairs are made, sometimes use appraisers. Real estate agents also need appraisals for properties that may be more difficult to price. What will be of interest to the public? People want to know what’s happening in their market.

Business 393

Business Appraisal Real Estate Agent Clients 393

Birmingham Appraisal

JANUARY 10, 2024

A Final Look at 2023 Birmingham Housing Stats If asked what their final thoughts are about the 2023 real estate market coming to an end most agents would probably reply “Good riddance”! Similarly, the average sold price experienced a marginal decline of -0.46%, dropping from $339,059 to $337,503.

Real Estate 77

Real Estate Sellers Appraisal Marketing 77

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Read on for more about Kechian’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees.

Marketing 357

Marketing Inventory Loan Officers Buyers 357

Cleveland Appraisal Blog

DECEMBER 10, 2022

Having a garden shed, high-quality bathroom tiles, and an open-concept kitchen and dining area are all well-known ways to increase the value of your home. What people rarely talk about are things that can decrease property value. Always keep in mind that your Ohio home is one of the biggest investments you’ll ever make.

Appraisal 298

Appraisal Buyers Renovations Investing 298

Housing Wire

JUNE 15, 2022

Consumer Price Index clocked an 8.6% The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compared to 50 bps previously). “What is the impact for the lender side? On Friday, the U.S. Treasury rates. Rates were at 3.4%

Mortgage 383

Mortgage Investors Clients Marketing 383

Housing Wire

JULY 27, 2022

What a difference a year makes. Meanwhile, products like adjustable-rate mortgages and home equity lines of credit are being reintroduced. Amid relatively high expenses and reduced revenue, what steps should you take to navigate the current circumstances and position your business for success in the future?

Mortgage 348

Mortgage Marketing Lending Business 348

Empire Appraisal Group

JANUARY 4, 2023

What Could Make Home Prices Drop in 2023? Source: What Could Make Home Prices Drop in 2023? Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. Florida Realtors. NEW YORK – The U.S.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Homepoint is in a tough spot. Origination volume declined 63.5% year over year to $9.3

Mortgage 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

JULY 25, 2023

“I thought this was my forever home,” Gregory told First Coast News , which first reported the story. “It can’t be my forever home if I can’t afford it.” “I thought this was my forever home,” Gregory told First Coast News , which first reported the story.

Insurance 348

Insurance Housing Market Marketing Agents 348

Housing Wire

FEBRUARY 21, 2023

One of the funny things I recall is I structured a deal to buy fax machines and we told every client that we’d send them a free fax machine to make it easier to send the information back to us. Instead, Farner recounted in an interview with tech outlet Protocol , they would do mortgages by telephone. I probably bought maybe 500 or 600.

Clients 284

Clients Mortgage Business Home Value 284

Birmingham Appraisal

APRIL 24, 2024

Birmingham Real Estate Market Update: First Quarter 2024 vs 2023 The first quarter of 2024 is now under our belts so this week I’ll be taking a look at how Q1 of 2024 compared to Q1 of 2023. Most believed that going into 2024 we would have seen rate drops before now, however, this has not happened.

Real Estate 69

Real Estate Marketing Sellers Buyers 69

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Between 2021 and 2022, house prices in the Victoria, BC region rose by an average of 20%.

Real Estate 106

Real Estate Marketing Inventory Housing Market 106

DataMaster

MAY 17, 2023

We joke, of course, but the truth is Millennial – And yes, Gen Z – homebuyers have a way of thinking and behaving that is far different from what industry veterans are used to. It could be argued that this behavior is market-driven. To illustrate this point, Here’s the story of one Millennial homebuyer’s process.

Appraisal 147

Appraisal Technology Real Estate Agent Tools 147

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. The first quarter of 2023 had the lowest number of homes listed in recorded history.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Lamacchia Realty

NOVEMBER 20, 2023

HOMES DO SELL DURING THE HOLIDAYS! Mythbuster: Homes actually DO SELL during the holiday season! Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season. Their In many cases, this is not correct.

Sellers 66

Sellers Inventory Buyers Realty 66

Clear Capital

MARCH 22, 2023

Written by Jennifer Taylor The long-awaited buyer’s market might finally make its debut this year. If you’ve been trying unsuccessfully to purchase a home, this will certainly come as welcome news. However, it predicted certain parts of the country could realize double-digit drops. year-over-year price drop.

Housing Market 36

Housing Market Marketing New Listings Real Estate 36