Appraisal Buzz

OCTOBER 21, 2024

Student loans are frequently listed as the primary obstacle for young buyers’ c. Between 2016 and 2022, the average payment-to-income ratio for families with heads of household aged 25 to 34 dropped from 7.4% These free additional funds that young home buyers can put toward their first home. How does this happen?

Buyers 397

Buyers Finance Investing Appraisal 397

Housing Wire

NOVEMBER 9, 2020

Though prospective buyers revealed slight wariness in September, Fannie Mae reported buyer morale gained 6% in October, with 60% of respondents saying it is a good time to buy a home while those who believe it is a bad time fell to 35%. Compared to this time last year, the HPSI is still down 7.1 million Americans unemployed.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

OCTOBER 13, 2021

I have been getting buyers from Ohio, California and all over.”. The city’s one-hour commute to Boston has long made it appealing to out-of-state buyers looking to save some money. For local buyers, many of whom are first-time homebuyers, this has resulted in serious competition. year-over-year increase, according to Redfin.

Buyers 418

Buyers Agents Inventory Realty 418

Housing Wire

OCTOBER 13, 2022

A new LendingTree study found that mobile homes are cheaper and their values appreciated almost as quickly as single-family homes over five years, from 2016 to 2021. The states with the highest increase in the median value for mobile homes from 2016 to 2021 are Rhode Island, Nebraska and Idaho.

Home Value 435

Home Value Law Housing Market Buyers 435

Housing Wire

MARCH 5, 2025

Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin. High home prices : Investors are facing the same affordability challenges as other buyers. decline from Q4 2023, the steepest drop in a year.

Investors 346

Investors Real Estate Investing Housing Market 346

Appraisal Buzz

FEBRUARY 7, 2025

active listings nearly every year since 2016. Even as inventory levels suffered during the pandemic, Texas has managed to offer buyers more options than much of the country, helping to sustain buyer demand. Listings Up Texas has claimed an increasing share of U.S. In 2017, Texas homes made up 7.6% of all U.S. homes for sale.

Inventory 300

Inventory Construction Buyers Real Estate 300

Housing Wire

MARCH 18, 2022

NAR Research : First-time buyers were responsible for 29% of sales in February; Individual investors purchased 19% of homes; All-cash sales accounted for 25% of transactions; Distressed sales represented less than 1% of sales; Properties typically remained on the market for 18 days. We have solid replacement buyers: people needing shelter.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

MARCH 3, 2025

But we didnt really see any change in the buyer demand metrics until rates got closer to 6%. In fact, you have to go back to 2016 before you can find a year with consistently more unsold condos than we have now around the U.S. The best homes and the most buyers are here in the spring, so prices inch higher.

New Listings 374

New Listings Inventory Contracts Sellers 374

Housing Wire

OCTOBER 19, 2021

On these platforms, originators can lock down the best loan price from various buyers, typically asset managers and institutional investors. The last 12 months have been great,” said Tom Pearce, CEO of Maxex, an Atlanta-based fintech company founded in 2016. “In 2021, we’ve had a record volume.

Mortgage 395

Mortgage Investors Clients Buyers 395

Housing Wire

SEPTEMBER 23, 2024

Reed brought a banking and finance background to real estate when she became an agent in 2016 and has shown a knack for marketing. Nicole has leveraged her career in finance to provide clients with a unique skill set that will be even more valuable as buyers become more discerning as they select an agent.

Brokerage 448

Brokerage Agents Real Estate Finance 448

Housing Wire

JUNE 10, 2021

The buyer pays for FlyHomes’ cost of owning the home, but according to the company, that amount is often less than the standard commission rebate that FlyHomes provides to its buyers at closing. The company claims that this process makes submitting a FlyHomes Cash Offer “effectively free” for the buyer.

Brokerage 397

Brokerage Buyers Investors Real Estate 397

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 370

Renovations Investors Retail Buyers 370

Eyes on Housing

SEPTEMBER 23, 2024

On average, 40% of builders’ single-family home sales so far in 2024 have been made to first-time home buyers, according to the most recent NAHB/Wells Fargo Housing Market Index survey (HMI). That share has doubled since 2016, when only 19% of builders’ sales went to first-time buyers.

Buyers 171

Buyers Housing Market Marketing 171

Housing Wire

SEPTEMBER 20, 2024

is down a whopping 26 percentage points compared to its peak in 2016. With the market rising amid tight supplies of homes for sale around the country and falling interest rates, conditions appear ripe for more improvement over the rest of the year as long as prices don’t shoot up past what most buyers can afford,” Barber said.

Property Taxes 458

Property Taxes Renovations Investors Sellers 458

Housing Wire

MAY 28, 2024

In May 2023, the subsidiary launched a new digital MSR exchange , known as eMSR Exchange, which connects buyers and sellers of co-issue flow offerings online and provides 24/7 pricing. Parrish joined the Incenter group in 2016 through its business CampusDoor, a third-party student and specialty loan origination platform.

Property Taxes 447

Property Taxes Lending Insurance Investors 447

Housing Wire

JUNE 24, 2021

Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home. The home is then sold back to the buyer at the same price that it was purchased for.

Sellers 418

Sellers Buyers Investors Inspection 418

Housing Wire

FEBRUARY 3, 2021

The federal government said Lajewski masterminded the scheme and brought along Siekowski, Bobrowicz and Bukowski to make false representations that caused buyers of Lajewski’s properties on the South Side of Chicago to fraudulently obtain mortgages from various lenders. A more secure closing process for everyone involved.

Mortgage 418

Mortgage Government Real Estate Development 418

Housing Wire

AUGUST 9, 2024

Motto Mortgage , RE/MAX’s national mortgage brokerage franchise brand launched in 2016, saw a 2.6% The year-over-year decline in agents resulted in a 4.8% drop in revenue compared to the same period last year, landing at $78.5 uptick in franchises over the past year.

Agents 459

Agents Business Brokerage Investors 459

Housing Wire

NOVEMBER 28, 2023

The conforming loan limit increase will help buyers more easily finance one-unit homes at the higher end of the price scale. That condition was met eight years later, in 2016, when the FHFA increased conforming limits for the first time in a decade. These loans would normally end at the jumbo market , which is dominated by banks.

Finance 534

Finance Government Law Home Value 534

Housing Wire

FEBRUARY 26, 2021

An Urban Institute study from 2016 found that single women were better at paying their mortgages than single men, even though they paid higher rates. “Minority buyers in general are getting fewer mortgages than they did before. The four other best states for women applying for mortgages were Maine, Wyoming, Montana and Oregon.

Mortgage 514

Mortgage Lending Finance Business 514

Housing Wire

FEBRUARY 1, 2021

As Candace Taylor writes in The Wall Street Journal , “These days, buyers eschew the large, ornate houses built in [previous] years in favor of smaller, more-modern looking alternatives.” Of builders surveyed, 44% say that buyers’ ability to qualify for a loan is one of the biggest obstacles for taking on a new project.

Finance 435

Finance Buyers Modernization Construction 435

Housing Wire

SEPTEMBER 30, 2020

The deal for Rand Realty – the top real estate brokerage in the Greater Hudson Valley with over $2 billion in sales volume in 2019 – gives Howard Hanna another top-producing shop in one of the fastest-growing markets in the country, one that’s been driven primarily by buyers leaving New York City.

Realty 435

Realty Brokerage Real Estate Sellers 435

Housing Wire

JULY 22, 2022

Founded in 2016, Flyhomes offers a cash offer program for homebuyers with a majority of its revenue coming from agent commissions. . Amid a rise in interest rates and the slowing housing market, a string of vertically integrated real estate companies and “power buyers” have issued pink slips to cut costs.

Brokerage 397

Brokerage Real Estate Housing Market Investors 397

Housing Wire

MAY 7, 2021

Over five years — from 2016 to May 2021 — the NAHB also found that regulatory costs in an average home built for sale went from $84,671 to $93,879, or a 10.9% That hasn’t happened yet, as low inventory continues to cripple homebuilders and potential buyers, who don’t want to engage in ultra-competitive bidding wars.

Construction 488

Construction Inventory Government Development 488

Appraisal Buzz

JULY 1, 2024

High interest rates and housing prices have priced millions of potential buyers out of the housing market, while the number of renters with cost burdens is at an all-time high, according to a new study released by Harvard University’s Joint Center for Housing Studies. last year to 65.9%, the smallest growth reported since 2016.

Construction 415

Construction Inventory Property Taxes Insurance 415

Housing Wire

JUNE 28, 2023

David Dunn of advisory firm Province , the chief restructuring officer for Peer Street, cited in court filings that surging rates, reduced demand for mortgages, and declining institutional buyers’ appetite for below-current-market-rate loans led to the Chapter 11 case. million in 2021, Dunn wrote.

Investors 459

Investors Real Estate Investing Mortgage 459

Housing Wire

JUNE 9, 2022

The offering, dubbed FNMA 2022-RPL3, represents the agency’s 26th sale of reperforming loans since the inaugural offering in October 2016, which involved a pool of 3,600 reperforming loans valued at about $806 million. Fannie Mae has unveiled its third reperforming loan sale of the year, an offering of nearly 10,000 loans valued at $1.57

Investors 397

Investors Government Finance Mortgage 397

Housing Wire

JUNE 15, 2022

The exchange, founded in 2016, averages ab out $1 billion per month in non-agency loan-trading volume and counts J.P. This trend is only expected to continue through June as three more MAXEX buyers are adding ARM programs and pricing, offering sellers the opportunity to take advantage of the growing market.”.

Mortgage 397

Mortgage Investors Buyers Marketing 397

Housing Wire

OCTOBER 24, 2022

Shortly after Beasley made that statement, the nation was plagued with a number of issues, including rising mortgage rates, high inflation and a questionable economy, which affected the way buyers, sellers, investors and real estate professionals viewed the industry.

Real Estate 418

Real Estate Investing Investors Business 418

Housing Wire

MAY 20, 2022

This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. But, I do believe it is going to be really competitive, and buyers are going to have to move fast to get a house.”. Where are all these buyers coming from, you ask?

Housing Market 435

Housing Market Marketing Real Estate Agent Real Estate 435

Housing Wire

NOVEMBER 15, 2023

He left the company in 2016. Earlier this month, a Kansas City jury found the National Association of Realtors (NAR), HomeServices of America and Keller Williams guilty of colluding to inflate or maintain high commission rates through NAR’s Clear Cooperation rule in the Sitzer/Burnett buyer broker commission lawsuit.

Brokerage 459

Brokerage Real Estate Realty Agents 459

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.

Agents 435

Agents Clients Advertising Realty 435

Housing Wire

SEPTEMBER 21, 2021

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. Maxwell will provide the platform service for sellers and attract buyers. mortgage market.

Investors 362

Investors Sellers Technology Lending 362

Housing Wire

SEPTEMBER 30, 2020

The survey also noted evidence that predominantly Hispanic neighborhoods, or neighborhoods with a Hispanic population of 50% or more, saw more than double the amount of first-time home buyer activity than that of the rest of the country between the second quarter of 2019 and the second quarter of 2020.

Inventory 497

Inventory Real Estate Lending Realtors 497

Housing Wire

MARCH 26, 2025

.” Additional features of the software include custom farm lists and lead generation aimed at cash buyers and other demographics. ” Allied Title & Escrow, founded in 2016, operates in 12 states for residential transactions and nationwide for commercial transactions.

Client Relationships 219

Client Relationships Real Estate Agent Real Estate Tools 219

Housing Wire

JULY 9, 2024

EasyKnock was founded in 2016 and is based in New York City. Over the past year, the firm has been on an acquisition spree of sorts, staring with its acquisition of struggling power buyer firm Ribbon in May 2023, home maintenance company Onder, home equity investment firm Balance Homes, and home equity investment firm HomePace.

Lending 448

Lending Law Investors Advertising 448

Housing Wire

FEBRUARY 1, 2021

By comparison, 406,652 short sales were completed through the program, which ran from 2009 to 2016. million properties that completed the foreclosure process — either through a sale to a third-party buyer or return to the foreclosing lender at foreclosure auction — during the 2009 to 2019 period. More than 1.7 More than 45% of the 1.7

Buyers 435

Buyers Mortgage Marketing Home Value 435