Housing Wire

AUGUST 24, 2024

Since the buyer’s commission payout isn’t as transparent as before, I have been anticipating delays in the home-buying process as people adapted to the new rules. Did the changes affect any of the housing data we track every week? Weekly inventory change (Aug. 23): Inventory grew from 698,473 to 704,744 The same week last year (Aug.

Inventory 503

Inventory New Listings Sellers Mortgage 503

Appraisal Buzz

FEBRUARY 11, 2025

2019, except the prior 4-week period (4 to 5months of supplyis considered balanced, with a lower number indicating sellers market conditions) Share of homes off market in two weeks 29% Down from 32% Median days on market 55 +6 days to longest span in nearly 5 years Share of homes sold above list price 20.7% Highlights: Four weeks ending Feb.

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New Listings Agents Sellers Housing Market 248

Housing Wire

JULY 25, 2024

In fourth-quarter 2024, Radius said it plans to launch a private-label, client-facing app for brokerage partners to provide to home buyers and sellers. .” MLS data and e-signature features are integrated into the Office app, drastically reducing the time it takes for agents to execute offers and disclosures.

Agents 442

Agents Real Estate Brokerage Investors 442

Housing Wire

MARCH 5, 2024

Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market ,” Mohtashami wrote on Saturday. For context, active listings during the same time frame in 2015 were substantially higher at 958,304. Between Feb.

Mortgage 482

Mortgage Inventory Investors Sellers 482

Housing Wire

DECEMBER 9, 2023

Here is the price cut percentage data for the same week in other years: 2023 38% 2022 42% 2021 27% As you can see, affordability is an issue, and the price cut percentage is higher now than in any period from 2015-2021, but still below 2022 levels. Now lets take a look at the weekly inventory data. the seasonal peak this year was on Nov.

Mortgage 534

Mortgage Inventory New Listings Sellers 534

Housing Wire

NOVEMBER 17, 2020

iBuying platform zavvie has launched zavvie Pro , with the goal of helping real estate agents turn homeowners into home sellers. “Webuilt zavvie Pro to help the modern agent generate more seller leads, win more listings, and always earn a commission.”. For buyers, Homie offers a client rebate of up to $5,000.

Real Estate 420

Real Estate Modernization Real Estate Agent Sellers 420

Housing Wire

OCTOBER 27, 2023

One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. Often the buyer asks the real estate agent or lender for a recommendation, but we always encourage buyers to explore their options. On the East Coast, the buyer typically pays.

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Insurance Real Estate Buyers Real Estate Agent 511

Housing Wire

MAY 1, 2024

According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” Barton also touched upon the terms of NAR’s settlement agreement.

Real Estate 466

Real Estate Agents Contracts Real Estate Agent 466

Housing Wire

JUNE 15, 2024

As most sellers are buyers, seeing more sellers listing their homes has been good. With more sellers who are buyers, we have a tad more demand this year. If mortgage rates head lower and stay lower, this contract data will grow, but we don’t see that growth in mortgage demand yet.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

SEPTEMBER 2, 2021

The company works to make purchasing a home easier by fronting prospective buyers the funds to make all-cash offers. It also allows sellers access to a network of pre-approved buyers to expedite the process. HomeLight’s tech lives amid the iBuyer realm with the likes of other heavy hitters Zillow and Opendoor.

Real Estate 411

Real Estate Investors Buyers Sellers 411

Housing Wire

MAY 3, 2023

I wanted to close before May 1, so I selected a buyer who was already in underwriting. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 435

Agents Real Estate Agent Brokerage Real Estate 435

Housing Wire

OCTOBER 26, 2023

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022. It is human nature,” Frazier said.

Law 435

Law Agents Brokerage Buyers 435

Housing Wire

AUGUST 21, 2023

Homelight , a platform for homebuyers and sellers, was No. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers. 533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

MARCH 11, 2024

In early January, Proof , formerly known as Notarize , announced that it had helped sellers and buyers close $374 billion worth of real estate transactions since its founding in 2015, and that it had its sights set on California. NotaryCam is not the only RON platform looking at expansion in California.

Law 448

Law Real Estate Investors Sellers 448

Housing Wire

JANUARY 28, 2021

Today, both sellers and buyers expect to handle a majority of the process online. Roberts said that of those 303 counties, 44% saw market-rate rents rise more than voucher values from 2015 to 2020. Still, federal law does not prevent landlords from rejecting all housing vouchers. Presented by: 1 Percent Lists.

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Landlords Tenants Law Legal 488

Housing Wire

NOVEMBER 25, 2023

Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. Most home sellers are buyers, and we want the new listings data to show growth year over year since it appears that we have formed a bottom in 2023.

Inventory 537

Inventory Mortgage New Listings Buyers 537

Housing Wire

JUNE 29, 2024

Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today. 2015 81,875 2016 80,293 2017 84,293 2018 98,972 2019 87,278 Now, let me show you what stressed sellers’ data looks like.

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New Listings Inventory Contracts Sellers 415

Housing Wire

APRIL 26, 2022

At issue is an NAR policy that the seller’s agent of a home must split their commission equally with a buyer agent. The pro-competitive, pro-consumer local broker marketplaces serve the best interests of buyers and sellers. NAR responded to the ruling Monday, and the trade group says it plans to appeal the decision.

Real Estate 370

Real Estate Brokerage Agents Realtors 370

Housing Wire

APRIL 27, 2024

This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book.

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

JULY 20, 2024

The seasonal decline in new listings will begin soon and we will see if we get fewer sellers in the second half of the year than the current trend. With more sellers who are buyers, we have a tad more demand this year. So far the weekly high print in 2024 is only 72,329.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

JULY 27, 2024

Most sellers are buyers and the housing market needs standard new listing data for the rest of the year. With more sellers who are buyers, we have a tad more demand this year. The last thing I want to see is a repeat of the second half of 2022 when we saw new listings data take a noticeable seasonal decline.

New Listings 518

New Listings Inventory Mortgage Sellers 518

Housing Wire

JUNE 22, 2024

With more sellers who are buyers, we have a tad more demand this year. While we aren’t back to the usual trend we had between 2013 and 2019, the fact that we had growth is a plus. This contract data will grow if mortgage rates head lower and stay lower.

Mortgage 481

Mortgage Inventory New Listings Contracts 481

Housing Wire

OCTOBER 26, 2021

The company, founded in 2015, uses artificial intelligence to streamline and accelerate the mortgage process for community lenders and their borrowers. In September, Maxwell launched a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. mortgage market.

Mortgage 397

Mortgage Investors Technology Business 397

Housing Wire

MAY 29, 2024

The changes are likely to put pressure on buyers’ agents and shrink the $100 billion annual commission pot by as much as $30 billion over time, according to analysts at Keefe Bruyette & Woods (KBW). And a 2015 paper in the Rand Journal of Economics predicted that a 50% reduction in commissions would result in 40% fewer agents.

Realtors 442

Realtors Agents Inventory Modernization 442

Housing Wire

APRIL 30, 2023

We have to remember that a conventional seller is usually also a traditional buyer, so new listings growing toward their seasonal peak throws cold water on the idea that no one will list their homes because they already have a low mortgage rate (the mortgage rate lockdown theory).

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

DECEMBER 2, 2023

18): Inventory fell from 564,571 to 550,302 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7%

Inventory 534

Inventory New Listings Retail Mortgage 534

Housing Wire

FEBRUARY 9, 2024

In 2015, CoStar spent $100 million in consumer marketing to promote the revamped Apartments.com site. “I We are confident that we have built the best site possible for both the agents, and the home buyers and seller,” Florance said. as well as nearly 100,000 high schools, elementary schools and middle schools. 5 or 6 to No.

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Marketing Advertising Real Estate Real Estate Agent 476

Housing Wire

JUNE 1, 2024

This week, the data did dive, but it was the traditional drop we see during the Memorial Day weekend and we will have a rebound in the data line next week.

Mortgage 520

Mortgage Inventory New Listings Housing Market 520

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. And the seller net proceeds continue to be a target.

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Real Estate Sellers Technology Real Estate Agent 476

Housing Wire

APRIL 29, 2022

If I believe Twitter and the charts and graphs that show 2015 trends or 2020 trends or 1982 trends, I can’t help but to ask, what if these are not an indicator of today, but the beginning of a new normal? FHA, VA and USDA aren’t accepted by sellers. Any given year or decade, we see the same trends. If not, what does that mean?

Mortgage 370

Mortgage Real Estate Agent Technology Inventory 370

Housing Wire

NOVEMBER 11, 2023

That is the critical period for new listing data to grow; remember, most sellers are buyers. Weekly inventory change (Nov. 10) : Inventory rose from 566,882 to 566,941 Same week last year (Nov. We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings.

Inventory 505

Inventory New Listings Mortgage Retail 505

Housing Wire

APRIL 1, 2024

Since its founding in 2015, Richards said the majority of feedback from consumers about Flyhomes and its products has been positive, but the firm has struggled to increase its brand and value awareness among consumers. “It “This assessment is crucial to transition from the bridge loan to refinance after the sale of the departing residence.”

Loan Officers 448

Loan Officers Clients Mortgage Construction 448

Housing Wire

AUGUST 4, 2024

With more sellers who are buyers, we have a bit more demand this year. Weekly inventory change (July 26-Aug. 2): Inventory grew from 677,246 to 683,728 The same week last year (July 27-Aug. While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

JULY 13, 2024

With more sellers who are buyers, we have a tad more demand this year. Here are the price-cut percentages for last week over the previous few years: 2024: 38% 2023: 33% 2022: 33% Pending sales Below is the Altos Research weekly pending contract data year-over-year to show real-time demand.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

MARCH 23, 2022

It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. Like home sellers, they try to make as much money as possible.

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

NOVEMBER 18, 2022

NAR Research : First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. Now we are getting the call back to balance, which is good.

Inventory 493

Inventory Marketing Housing Market New Listings 493