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 437

Real Estate Technology Valuation Brokerage 437

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 477

Mortgage Inventory Investors Sellers 477

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 480

Retail Sellers Buyers Market Value 480

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 375

Agents Real Estate Brokerage Investors 375

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 438

Mortgage New Listings Inventory Sellers 438

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 533

Mortgage Inventory New Listings Sellers 533

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 405

New Listings Inventory Contracts Sellers 405

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 429

Mortgage Inventory New Listings Sellers 429

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 499

Mortgage Inventory Marketing New Listings 499

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

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 426

Law Real Estate Investors Sellers 426

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 381

Insurance Property Taxes Sellers Development 381

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

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 373

Real Estate Sellers Construction Marketing 373

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 433

Agents Real Estate Agent Brokerage Real Estate 433

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 341

Real Estate Modernization Real Estate Agent Sellers 341

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 408

Architecture Real Estate Training Insurance 408

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 410

Real Estate Agents Contracts Real Estate Agent 410

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 535

Housing Market Marketing Inventory New Listings 535

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 520

Mortgage Inventory New Listings Housing Market 520

Housing Wire

OCTOBER 19, 2024

19): Inventory rose from 546,450 to 554,350 The all-time inventory bottom was in 2022 at 240,497 The yearly inventory peak for 2024 is 739,434 For some context, active listings for this week in 2015 were 1,171,775 New listings data New listings data has been another positive story in 2024, as we needed more sellers!

Inventory 494

Inventory New Listings Mortgage Contracts 494

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 358

Real Estate Sellers Business Investing 358

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 533

Inventory New Listings Retail Mortgage 533

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. We’ve climbed from No.

Marketing 464

Marketing Advertising Real Estate Real Estate Agent 464

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. They were not set commissions,” Wilson said.

Law 406

Law Brokerage Agents Buyers 406

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 506

New Listings Inventory Mortgage Sellers 506

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 513

Inventory Housing Market Marketing New Listings 513

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 417

Loan Officers Clients Mortgage Construction 417

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 437

Mortgage Inventory New Listings Contracts 437

Housing Wire

SEPTEMBER 28, 2024

Since most sellers are buyers, we need this data line to get back to the pre-COVID-19 trend range, which it hasn’t been able to do since the second half of 2022. Weekly inventory change (Sept. 27): Inventory rose from 725,249 to 731,017 The same week last year (Sept.

Mortgage 518

Mortgage Inventory New Listings Contracts 518

Housing Wire

SEPTEMBER 15, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. Weekly inventory change (Sept. 13): Inventory rose from 703,646 to 713,660 The same week last year (Sept.

Mortgage 521

Mortgage Inventory New Listings Retail 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

NOVEMBER 25, 2023

18): Inventory fell from 569,571 to 564,571 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 1,104,514 New listings data fell weekly but showed positive year-over-year growth. Weekly inventory change (Nov.

Inventory 536

Inventory Mortgage New Listings Buyers 536

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 516

Mortgage Inventory New Listings Housing Market 516

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 385

Mortgage Investors Technology Business 385

Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. With mortgage rates higher, will this stop inventory from growing year over year?

Inventory 535

Inventory Mortgage New Listings Housing Market 535