Housing Wire

JANUARY 9, 2023

The 29% average purchase discount was also well above the pre-pandemic average of 22% between 2015 and 2019. Home sales bottoming out as sellers eventually capitulate on price. Assuming mortgage rates do not drop substantially in 2023, sellers will eventually need to capitulate on price to adjust to this new reality.

Retail 505

Retail Sellers Buyers Market Value 505

Housing Wire

MARCH 6, 2025

For example, from 2015 to late 2019, inventory levels remained above 7,000 for single-family homes. New listings for single-family homes or condos are key indicators of seller behavior and new listings ramped up during the week of Feb. But inventory remains well below historical averages.

Inventory 312

Inventory New Listings Government Housing Market 312

Housing Wire

OCTOBER 13, 2024

One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. National data: Weekly inventory change (Oct. 11): Inventory fell from 734,290 to 732,410 The same week last year (Oct. Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest.

Inventory 511

Inventory New Listings Retail Mortgage 511

Housing Wire

SEPTEMBER 17, 2021

from July’s total, which is slightly larger than the 2015-2019 July-to-August drop of 2.1%, the report found. Although this decrease is in line with the 2015 through 2019 average July-to-August drop of 1%, it still marks a 13.2% The report analyzes MLS data from 51 U.S. metropolitan areas and includes all residential properties.

Housing Market 511

Housing Market Marketing Inventory Buyers 511

Housing Wire

AUGUST 24, 2024

The last time we saw this kind of effect was when mortgage lenders had to start incorporating TRID in 2015 — it created a one-month crash in existing home sales because it just took a bit longer to close a deal. The following month, those sales rebounded as everyone finds a rhythm in how to operate. Weekly inventory change (Aug.

Inventory 504

Inventory New Listings Sellers Mortgage 504

Housing Wire

AUGUST 22, 2024

In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.

Realtors 482

Realtors Buyers Real Estate Brokerage 482

Housing Wire

AUGUST 11, 2020

This is the sixth Florida market where the company is now live since it began iBuying in Florida in 2015, operating in Citrus Ridge, Fort Pierce, Port St. Homebuyers and sellers are also able to take advantage of Offerpad’s Extended Stay program, allowing the seller to remain in the home five days past the close of escrow.

Real Estate 417

Real Estate Sellers Construction Marketing 417

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.”. According to the company, it’s the No. According to the company, it’s the No.

Real Estate 426

Real Estate Modernization Real Estate Agent Sellers 426

Housing Wire

JANUARY 23, 2024

Founded in 2015 as an indirect wholly owned subsidiary of Mr. Cooper Group , Xome is a real estate marketplace that serves mortgage servicers, originators, real estate professionals, financial institutions and homebuyers and sellers.

Real Estate 459

Real Estate Technology Valuation Brokerage 459

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 444

Agents Real Estate Brokerage Investors 444

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.

Mortgage 482

Mortgage Inventory Investors Sellers 482

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. By Q1 2015, more than 60% of American homeowners with mortgages had rates locked in under 5%. The lower rates go, the fewer home sellers we have.

Mortgage 459

Mortgage New Listings Inventory Sellers 459

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

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.

New Listings 248

New Listings Agents Sellers Housing Market 248

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

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. By Q1 2015, more than 60% of American homeowners with mortgages had rates locked in under 5%. In that period, we can see seller volume decreasing as more and more Americans had mortgages under 5%.

Mortgage 468

Mortgage Inventory New Listings Sellers 468

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

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.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

SEPTEMBER 2, 2021

It also allows sellers access to a network of pre-approved buyers to expedite the process. “We’ve proven that technology can help transform the transaction experience, and we couldn’t be more excited to bring that technology to top agents, homebuyers, and sellers everywhere.”.

Real Estate 413

Real Estate Investors Buyers Sellers 413

Housing Wire

OCTOBER 12, 2022

The integration also aims to tackle the payment procedure during a real estate closing, in which several parties receive payments through sources like broker/agent commissions, underwriter fees, title search fees, taxes, payoffs and seller proceeds. According to the Federal Trade Commission (FTC), check fraud has increased by 65% since 2015.

Architecture 418

Architecture Real Estate Training Design 418

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

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. Eighty-percent of all real estate transactions across the U.S.

Real Estate 467

Real Estate Agents Contracts Real Estate Agent 467

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.

Landlords 488

Landlords Tenants Law Legal 488

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

MAY 3, 2023

Relatedly, discount brokerages have promised big savings to sellers for decades. The plaintiffs essentially argue that sellers are subsidizing buy-side agents and it’s an anti-competitive practice that lacks transparency. It wasn’t so long ago that experts said the internet would drastically bring down agent commissions.

Agents 435

Agents Real Estate Agent Brokerage Real Estate 435

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

DECEMBER 23, 2023

However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. Weekly housing inventory data We are near the end of the year, which means the seasonal decline in housing inventory will take hold until we find the seasonal bottom in inventory in 2024. Weekly inventory change : (Dec.15-22)

Housing Market 538

Housing Market Marketing Inventory New Listings 538

Housing Wire

MAY 5, 2022

Through Notarize, homebuyers and sellers completing their signings through SoftPro will now have access to notary services 24 hours a day, seven days a week from any device, the press release said. million through nine funding rounds since its founding in May 2015. Notarize has now raised $213.3

Real Estate 370

Real Estate Sellers Business Investing 370

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. million in the last 16 months.

Mortgage 397

Mortgage Investors Technology Business 397

Housing Wire

OCTOBER 27, 2023

Since 2015, ALTA has provided education through Home Closing 101, a consumer-focused website that provides information about the closing process, how they can protect their property rights, how to file a claim, and how to find a title company. The seller normally pays on the West Coast. Where should homebuyers start?

Insurance 511

Insurance Real Estate Buyers Real Estate Agent 511

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

JUNE 28, 2024

Far from being “hidden,” title insurance fees and other closing costs must be provided and disclosed to consumers as required by the TILA-RESPA Integrated Disclosure (TRID) rule—which was developed by the CFPB in 2015 after significant consumer testing and hundreds of millions of dollars invested in partnership with our industry and others.

Insurance 397

Insurance Property Taxes Sellers Development 397

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

MARCH 23, 2024

We’re not seeing seller stress in the inventory data but just a typical increase in inventory when rates are higher, which looks perfectly normal. Weekly housing inventory data The best housing story for 2024 so far is that inventory is growing yearly. The growth isn’t just in active inventory but also new listings.

Mortgage 521

Mortgage Inventory New Listings Housing Market 521

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

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 482

Mortgage Inventory New Listings Contracts 482

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