Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. They’re mindful of higher rates because in 2013, 2014 and 2015 they had to deal with a miss in sales expectations. The average sales price was $511,000.

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Mortgage Inventory Housing Market Construction 462

Housing Wire

SEPTEMBER 12, 2023

Larson started her career in real estate as an agent at a large national franchise in 2014. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

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Brokerage Real Estate Agent Real Estate Agents 418

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. More sellers means more sales in 2024. Everyone knows it’s been a very dry 18 months for home sales.

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Inventory New Listings Contracts Sellers 487

Housing Wire

JANUARY 8, 2025

Zhang and Li founded the company in 2014 and have focused on growth in Los Angeles and Orange counties. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. Since its founding, Harvest has closed 5,210 transactions for $6.8 billion in 2024 alone.

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Brokerage Real Estate Realty Clients 396

Housing Wire

MARCH 18, 2022

Inventory has been slowly falling since 2014, so if demand picks up in 2020-2024, it can collapse to shallow levels. My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. You can see why some sellers are stressed now.

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Housing Market Marketing Inventory Sellers 541

Housing Wire

AUGUST 8, 2024

rise in total value compared to June 2023 and 120% higher than in June 2014. Mortgage rates have started falling , but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,“ Zhao added. That’s a 6.6%

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Home Value Housing Market Construction Buyers 384

Housing Wire

APRIL 15, 2022

Inventory falling again in 2022 created more forced bidding wars, which frustrates buyers, keeps potential sellers from wanting to list, and creates stress for real estate agents doing a lot of work with nothing to show for it. The last time this data line was fragile was back in 2013-2014. The four-week average is running at 9.25%.

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Housing Market Marketing Mortgage Inventory 509

Housing Wire

JULY 20, 2022

This is common in recent history, which has happened before in 2013/2014 and 2018/2019. Higher rates need duration so sellers can adjust their pricing reality. We are already below 2008 levels today — not that far off the 21st century low of 2014. However, we can see a clear demand-weakness trend in 2014 and 2022.

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Inventory Housing Market Marketing Realtors 518

Housing Wire

MAY 15, 2024

That’s a swing of 17% fewer sellers in just a matter of days. What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade. In that period, we can see seller volume decreasing as more and more Americans had mortgages under 5%. Download the entire report here.

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Mortgage New Listings Inventory Sellers 402

Housing Wire

AUGUST 3, 2022

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. However, as we all know, after 2020, things are just more intense. .

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Mortgage Inventory Sellers Housing Market 513

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

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Real Estate Agent Real Estate Agents Sellers 381

Housing Wire

APRIL 14, 2023

While spring of 2022 saw a similar share of all-cash homebuyers, one needs to look back to 2014 before seeing similar shares. In March of 2022, sellers received an average of 5.5 Then, the mortgage interest rates were in the low-4% range. In the months before the COVID-19 pandemic, the share of all-cash buyers hovered in the teens.

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Realtors Buyers Inventory Investors 442

Housing Wire

FEBRUARY 8, 2021

Headquartered in Newport Beach, California, Excelerate Capital was an early adopter of non-QM lending following the advent of the Ability-To-Repay (ATR) rule in 2014. It also provides a full range of agency conforming financing, including FHA, VA, Fannie Mae and Freddie Mac programs.

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Mortgage Retail Lending Finance 352

Housing Wire

NOVEMBER 10, 2023

It’s the highest share of all-cash transactions recorded since 2014. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, all-cash purchases represented one-third of the U.S. home purchases, compared to 29.5% of all transactions.

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Mortgage Buyers Insurance Government 448

Housing Wire

JANUARY 7, 2021

“In particular, the sell-side component fell for the first time since April and by 18 points, reversing most of the increases of the past three months and implying to us that, at least temporarily, potential home sellers might wait to list their homes,” Duncan said. “If The report also predicts home price growth to slow through this November.

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Housing Market Design Inventory Sellers 477

Housing Wire

JUNE 10, 2024

What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade. In that period, we can see seller volume decreasing as more and more Americans had mortgages under 5%. Throughout most of the last decade, fewer sellers entered the market each year.

Mortgage 388

Mortgage Inventory New Listings Sellers 388

Housing Wire

MARCH 16, 2022

The rate of Hispanic homeownership has been inching up each year since 2014, according to U.S. A lot of sellers were very blunt about it: ‘If it’s FHA, forget it,’” said Lizbeth Alarcon, an agent at RE/MAX Vivid Realty. Last year, the Hispanic homeownership rate grew to 48.4% from 47.5% Census Bureau statistics.

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Real Estate Agent Real Estate Agents Investors 383

Housing Wire

JANUARY 5, 2022

The regulator directed the regulated entities to “increase support for core mission borrowers, while fostering capital accumulation, achieving viable returns and ensuring a level playing field for small and large sellers.”. During her tenure so far as FHFA acting director, Thompson has made affordability a top priority.

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Finance Mortgage Government Investors 525

Housing Wire

AUGUST 30, 2023

“David’s dedication to maximizing marketing and optimizing value for sellers aligns with the Real platform and our mission to give our agents the tools they need to succeed by providing the best consumer experience possible.” Newman has more than 20 years of experience in the real estate industry.

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Brokerage Realty Agents Technology 335

Housing Wire

DECEMBER 11, 2023

The firm currently serves buyers and sellers in Essex County, the Merrimack River Valley and Southern New Hampshire. In 2014, Bentley started his team at RE/MAX with Christie and four other agents, by 2016 the team had expanded to 10 agents and in 2018 they transitioned from a team to an independent brokerage, Bentley’s Real Estate.

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Agents Clients Advertising Realty 415

Housing Wire

NOVEMBER 30, 2024

Dwiggins: Since we started the company back in 2014, we were always looking to try and be a little bit different from the rest of the industry, in the sense of it wasn’t about having tons of agents. As a result, if a seller is not offering compensation, the buyer and agent just move on.

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Real Estate Training Agents Brokerage 326

Housing Wire

FEBRUARY 9, 2023

Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016. Last year, Northpointe expanded its home loan centers in eight states — Arizona, California, Florida, Georgia, Hawaii, Minnesota, Nevada and Texas, according to a release from Northpointe in October.

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Lending Business Retail Client Relationships 367

Appraisal Buzz

AUGUST 8, 2024

trillion in June 2014. Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao. In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7

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Valuation Housing Market Marketing Home Value 417

Housing Wire

OCTOBER 26, 2023

He told the jury that sellers also benefit because it brings more foot traffic and attention to their listings. On Friday, Schulman stated that home sellers have no reason to pay buyers’ agents, whom he claimed do not provide much value. He also noted that buyers’ agents provide valuable services for sellers and buyers.

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Buyers Sellers Agents Law 390

Housing Wire

MAY 26, 2022

If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels.

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Inventory Housing Market Construction Marketing 500

Housing Wire

MAY 3, 2022

After making some Covid-19 adjustments to the data line, we will have our first negative year over year since 2014, unless something changes on the mortgage rate side. 2014 was the last year we saw a noticeable weakness in purchase application data. What have we seen this year? The last time we had 5% mortgage rates was in 2018.

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Housing Market Marketing Inventory Mortgage 398

Housing Wire

JULY 10, 2024

When analyzing the future of home prices in this country, and the potential for a home-price crash, or distressed sellers flooding the market if/when a recession finally catches up to us, we should look at three variables. For example, in 2014 the average mortgage holder in Florida carried a loan with 74% LTV — that’s 26% equity.

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Inventory Housing Market Mortgage Marketing 533

Housing Wire

NOVEMBER 29, 2021

Remember, a seller is typically also a buyer, so inventory should fall when demand picks up and that seller finds another home to buy. Total inventory levels have been falling since 2014, while sales have been rising. 2020 and 2021 are at pre-cycle highs in demand, with total inventory levels at all-time lows for both years.

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Inventory Contracts Training Investors 531

Housing Wire

MAY 11, 2021

Founded in 2014, Opendoor is a pioneer in cash home-buys moving online, and an alternative to home sellers having to work with real estate agents. The company grew partly thanks to venture capital money, including from Tokyo-based SoftBank Group.

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Real Estate Agent Real Estate Brokerage Inventory 315

Housing Wire

APRIL 11, 2022

We had a few years where sales missed expectations in 2013, 2014, and 2015. Yes, I know home sellers will pull back with higher rates, but you can see the issue with the existing home sales marketplace that doesn’t exist with the new home sales market. Once total inventory can get back into the range of 1.52 million to 1.93

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Inventory Housing Market Marketing Modernization 509

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The reality is that home sellers and builders had too much pricing power. Whenever you see vertical home-price growth over a period of time, it’s never a good thing. This either means you had a massive supply shortage or you had a credit boom.

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Housing Market Marketing Inventory Investors 480

Housing Wire

FEBRUARY 3, 2021

Wedgewood , a real estate investment firm that focuses on distressed properties, was the seller of Civic. billion since its inception in 2014, the company said. Terms of the deal were not disclosed. Pacific Western Bank hailed the acquisition as a strategic move into specialized areas of the non-QM market.

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Investors Real Estate Lending Investing 321

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015.

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Marketing Inventory Renovations Investors 429

Housing Wire

DECEMBER 26, 2022

The last time we saw this happen was in 2014. With transactions that included buy-downs and seller credit to lower rates, the rate some homebuyers are getting is lower than the headline numbers we see daily. To get more details on this data line, check out the Top of Mind weekly podcast hosted by Altos Research founder Mike Simonsen.

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Housing Market Marketing Inventory Mortgage 483

Housing Wire

FEBRUARY 9, 2022

It can be stressful enough when the markets are regular, like they were from 2014-to 2019. We always talk about the stress of home buying, but we should also include sellers in that discussion. Unless they choose to rent after the sale or sell their investment home, a seller becomes the next natural homebuyer.

Inventory 370

Inventory Buyers Investors Sellers 370

Housing Wire

FEBRUARY 9, 2022

It can be stressful enough when the markets are regular, like they were from 2014-to 2019. We always talk about the stress of home buying, but we should also include sellers in that discussion. Unless they choose to rent after the sale or sell their investment home, a seller becomes the next natural homebuyer.

Inventory 369

Inventory Buyers Investors Sellers 369

Housing Wire

OCTOBER 1, 2022

The last high among all-cash buyers was seen at 35% in 2014. While it is not the high seen during the First-time Home Buyer Tax Credit in 2010, it is also not the historical norm of 40% seen in the annual Profile of Home Buyers and Sellers report. All cash buyers now stand at 24%.

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Realtors Housing Market Marketing Buyers 402