Housing Wire

MAY 30, 2024

He pioneered a comprehensive team approach in real estate, incorporating a transaction coordinator, financing professional and buyer agents to provide full service to a broader clientele. His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. DelRose Sr.

Realty 419

Realty Brokerage Real Estate Clients 419

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. Buyers can also use Waltz to connect with a property manager or tax adviser. homes for any year on record since 2009.

Finance 371

Finance Real Estate Investors Legal 371

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. Between 2009 and 2021, the typical home purchased was built in the early 1990s. That number popped up to 50 miles in 2022 but has since fallen back to 20 miles.

Realtors 429

Realtors Housing Market Construction Real Estate 429

Housing Wire

MAY 11, 2022

Conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) purchase loan application volume led the gain in mortgage application volume even as mortgage rates rose to 5.53%, marking the highest since 2009, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Mortgage 459

Mortgage Contracts Retail Buyers 459

Housing Wire

MAY 5, 2022

Mortgage rates surged to 5.27% over the last week, the highest average since 2009, according to the latest Freddie Mac PMMS. Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” Khater said in a statement. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%.

Mortgage 358

Mortgage Buyers Government Lending 358

Housing Wire

FEBRUARY 1, 2021

By comparison, 406,652 short sales were completed through the program, which ran from 2009 to 2016. million properties foreclosed on between 2009 and 2019 could potentially have qualified for a short sale from a home equity perspective. More than 1.7 More than 45% of the 1.7 million represents 98% of the total 6.9

Buyers 376

Buyers Mortgage Marketing Home Value 376

Appraisal Buzz

OCTOBER 14, 2024

The gap was as wide as 18% in 2012, following the global financial crisis of 2007–2009, when many minority communities were hit especially hard, setting back progress by several years. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% last year and a recent high of 12.4%

Home Value 394

Home Value Construction Buyers Mortgage 394

Housing Wire

APRIL 21, 2022

It’s a different story in the non-distressed retail market, where the large institutional buyers are crowding out both owner-occupant buyers and local real estate investors, according to Kerr, who is president of locally based Mid South Home Buyers. Bulk Buyer Bonanza. The bulk buyer purchases accounted for 8.4%

Investors 411

Investors Renovations Marketing Retail 411

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are His articles are always my favorite.

Sellers 395

Sellers Housing Market Inventory Buyers 395

Appraisal Buzz

JULY 18, 2022

While NAR found an uptick in homes purchased by international buyers over the past year, that total declined to 98,600, the fewest number of sales recorded by this segment since 2009. The post Foreign Buyers Rebound, Purchase Nearly $60B in U.S. The post Foreign Buyers Rebound, Purchase Nearly $60B in U.S.

Buyers 150

Buyers Appraisal 150

Housing Wire

SEPTEMBER 18, 2024

The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. These organizations say that making offers of compensation to buyer agents was optional but never mandatory.

Legal 464

Legal Realtors Agents Brokerage 464

Housing Wire

NOVEMBER 7, 2024

That got me here in 2009 and kept me ever since. Wacksman: That’s the Zillow app for a buyer and a seller. What does the buyer or seller want? One has to keep up with where the buyer and seller is going. For an agent, that’s a higher-intent lead, a more educated buyer in all these regulatory changes.

Real Estate 285

Real Estate Technology Sellers Agents 285

Housing Wire

JANUARY 19, 2022

Housing demand has outstripped supply since 2009,” First American deputy chief economist Odeta Kushi said in a statement. The price of labor, lots and lumber is increasing, and these rising costs are being passed on to home buyers in the form of rising new home prices during a time when mortgage rates are expected to rise.”.

Construction 429

Construction Housing Market Inventory Development 429

Housing Wire

JANUARY 27, 2023

Back in the 2007-2009 meltdown, we had loan officers with us at that time. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 384

Lending Real Estate Agent Loan Officers Retail 384

Housing Wire

NOVEMBER 3, 2020

Online real estate marketing platform Hubzu has launched a new mobile app, available for residential real estate buyers. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. Since 2009, it has facilitated the more than 4.5 million bids and the sale of more than 225,000 homes.

Real Estate 280

Real Estate Tools Technology Retail 280

Housing Wire

MAY 15, 2024

According to the National Association of Home Builders (NAHB), the number of homes being built in age-restricted communities has grown significantly, since 2009, with about 6% of all new homes built for those either age 55 and older or 62 and older, as of 2022.

Design 376

Design Buyers Construction Marketing 376

Housing Wire

OCTOBER 5, 2023

in 2008 and 2009. some luxury residential markets that saw an influx of Chinese buyers could be particularly vulnerable. The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff.

Real Estate 420

Real Estate Housing Market Marketing Investors 420

Housing Wire

MARCH 27, 2023

We have partnered with the FDIC to successfully complete more FDIC-assisted transactions since 2009 than any other bank, and we appreciate the confidence the FDIC has placed in us once again,” Frank Holding, Jr., the chief executive of First Citizens, said in a statement.

Insurance 76

Insurance Loan Officers Mortgage Clients 76

Housing Wire

MAY 9, 2022

Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates , reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. . Compared with the same period last year, the number of rate locks by mortgage volume was down 25.4%. .

Mortgage 368

Mortgage Home Value Buyers Lending 368

Appraisal Buzz

JULY 16, 2024

Since taking a dip in 2009, there has been a slow, but steady climb with more than 100,000 manufactured homes shipped in 2021, and a post-recession high reached in 2022 with 112,000 manufactured homes shipped, according to a 2023 report by the Joint Center for Housing Studies at Harvard University. year-over-year.

Modernization 397

Modernization Buyers Construction Marketing 397

Housing Wire

MAY 18, 2021

“I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But the past three years — and 2020, specifically — have been something else. Presented by: Citi.

Real Estate 461

Real Estate Marketing Real Estate Agent Agents 461

Appraisal Buzz

JULY 18, 2022

Foreign buyers purchased $59 billion worth of U.S. Foreign buyers purchased 98,600 properties, down 7.9% from the prior year and the fewest number of homes bought since 2009, when NAR began tracking this data. Foreign buyers purchased 98,600 properties, down 7.9% existing homes from April 2021 through March 2022, an 8.5%

Investing 195

Investing Realtors Real Estate Buyers 195

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! Yet staggeringly few are aware of its existence.

Finance 450

Finance Real Estate Agent Real Estate Insurance 450

Appraisal Buzz

JULY 29, 2024

Between mid-2005 and mid-2009, the percentage of ARM dollar volume in mortgage originations decreased from approximately 45% to 2%. Buyers who choose ARMs over FRMs typically save more money each month on the initial payment, particularly on larger loans because ARMs have lower initial interest rates. Examining ARMS Across U.S.

Mortgage 360

Mortgage Retail Housing Market Buyers 360

Housing Wire

JULY 14, 2022

Among nearly 135,000 properties foreclosed between 2016 and 2020 that sold to third-party buyers at foreclosure auction on the Auction.com platform, more than half (54%) are owner-occupied as of 2022, according to public record county tax assessor data from ATTOM Data Solutions. Net owner-occupancy rates. The role of renovators.

Renovations 324

Renovations Investors Retail Buyers 324

Housing Wire

SEPTEMBER 13, 2024

If you want to thrive during a recession like I did in 2009, you must focus on homeowners who need to sell. Sellers are happy that they sold their home for more money than they bought it for, and home buyers are happy you found them an asset that will increase in value. Visit Ylopo 6.

Agents 445

Agents Real Estate Real Estate Agent Sellers 445

Housing Wire

FEBRUARY 6, 2023

She then moved on to PNC/National City Mortgage ( PNC acquired it in 2008) as a mortgage originator, and then was promoted to sales manager in Ohio and finally, to branch manager in 2009.

Legal 300

Legal Mortgage Lending Buyers 300

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. And, in-turn, when the market falls, it will fall forever.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

MARCH 27, 2024

And before getting my real estate license in 2009, I had the same opinion, too. The National Association of Realtors has provided these facts: 86% of buyers purchased their home through a real estate agent or broker. Buyer representation agreements shouldn’t scare anyone. The commission is the commission.

Real Estate Agent 298

Real Estate Agent Real Estate Agents Sellers 298

Housing Wire

MAY 4, 2022

Prior to 2009, housing was overbuilt relative to demand. Demand driven by demographics is different than demand driven by mortgage finance innovation and “fix-and-flip” home buyers, as was the case in the mid-2000s. Since then, the housing market has been underbuilt, and the supply deficit has grown.

Housing Market 349

Housing Market Finance Marketing Mortgage 349

Eyes on Housing

OCTOBER 15, 2024

This marks the third highest share since the beginning of the series in 2009, after the high. This share increased from the 62.6% recorded in 2022, according to data tabulated from the Census Bureau’s Survey of Construction (SOC).

Construction 170

Construction Buyers 170

Housing Wire

JUNE 2, 2022

How can high prices be sustained when a buyer’s buying power is stretched so thin? Here’s the problem, what we all remember is the housing crash of 2008 to 2009. Behind those negative headlines is the hot housing market that has contributed to some all-time high housing prices across the U.S.

Housing Market 468

Housing Market Supply Chain Construction Clients 468

Housing Wire

APRIL 12, 2022

In 2009, Samson Properties, still led by Danny Samson, created Cardinal Title Group, and soon thereafter gave agents a 100% commission. “We The company totaled 20,210 in 2021 transaction sides (If you represent just one side of the deal, buyer or seller, that counts as a side). That changed amid the Great Recession. Samson reported $9.6

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. During the GFC, inventory rose in 2007, 2008, 2009 and 2010. Home prices declined subsequently.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

JUNE 29, 2024

2009 281,734 2010 345,146 2011 396,955 2012 318,041 Weekly housing inventory data I am almost ready to give an A grade for inventory this year. With more sellers who are buyers, we have a tad more demand this year. For the fifth time this year, inventory hit my target level with elevated mortgage rates.

New Listings 380

New Listings Inventory Contracts Sellers 380

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. Is this still the case, and what is the demand like from first-time buyers? I’m curious how this will impact potential buyers.

Inventory 342

Inventory Marketing Business Buyers 342

Housing Wire

DECEMBER 16, 2021

Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession. months, but the addition of new homes to the mix should lead to more choices for potential buyers in 2022, including many who had hesitated to list their homes in 2021. The encouraging news?

Marketing 480

Marketing Mortgage Supply Chain Inventory 480