Housing Wire

FEBRUARY 24, 2025

There are obviously fewer buyers who can afford these prices. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. Ive also highlighted 2018 when there were 775,000 single family homes on the market that February. Mortgage rates are a big variable here.

Inventory 495

Inventory New Listings Sellers Contracts 495

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I Last year alone, NOAA data shows there were 28 $1 billion weather and climate events in the U.S.

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Eyes on Housing

APRIL 21, 2022

Buyers’ expectations of housing availability continue to worsen. After five straight drops, the share is now 17% – a level not seen since 2018. At its peak in the 4th quarter of 2020, 36% expected the home search to get easier in the months ahead. In contrast, 74% expect the search for a home to get harder/stay the same.

Buyers 187

Buyers 187

Housing Wire

FEBRUARY 3, 2025

In 2018, the company raised $3.5 Starting in May 2023, the company went on an acquisition spree of sorts, staring with its acquisition of struggling power buyer firm Ribbon , followed by the acquisition of home maintenance company Onder , home equity investment firm Balance Homes, and home equity investment firm HomePace.

Law 395

Law Lending Modernization Investors 395

Housing Wire

FEBRUARY 18, 2025

But last year, only one-third of buyers purchased homes with cash, representing a three-year low point. The next highest figure was in 2018 when more than 861,000 homes were purchased entirely with cash. Meanwhile, pricier metro regions had lower shares of all-cash buyers. That was the highest volume dating back to 2014.

Real Estate 356

Real Estate Investors Housing Market Buyers 356

Appraisal Buzz

MAY 6, 2024

The drop brought that group’s piece of the home buying pie back down to where it was in 2018. Meanwhile, high-income buyers have gained share because they’re more prepared to weather the storm of high home prices and mortgage rates. Low-income earners gained ground at the start of the pandemic, taking out 23.2%

Buyers 369

Buyers Real Estate Housing Market Mortgage 369

Housing Wire

DECEMBER 16, 2024

We are once again expecting mortgage rates to get better gradually, and opportunities for buyers should follow, but be prepared for plenty of bumps on that path,” Zillow chief economist Skylar Olsen said in a statement. For-sale inventory is now about 26% below the norms of 2018 and 2019, the smallest shortfall since September 2020.

Housing Market 370

Housing Market Marketing New Listings Home Value 370

Housing Wire

NOVEMBER 25, 2020

Following extensive renovations that took nearly a year to complete, the property was resold to an owner-occupant buyer in July 2020. The data shows 30% of all properties purchased via online REO auction in Allen County were to out-of-state buyers, ranking 36th highest among 198 U.S. 75% out-of-state buyers); Calhoun County, Ala. (60%);

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. trillion in loans, about half of 2021’s $4.4 trillion to $1.7

Buyers 435

Buyers Mortgage Sellers Investing 435

Housing Wire

FEBRUARY 10, 2025

For years, wealthy international buyers have bought high-end homes in the U.S. Buyers from China often led the way. Many flocked to Los Angeles, though their appetite started to dry up in 2018 after Beijing implemented new currency controls. Many of these owners are Chinese nationals, according to the Journal.

Real Estate Agent 248

Real Estate Agent Real Estate Investing Buyers 248

Housing Wire

APRIL 11, 2022

Mortgage origination activity rose last month despite rapidly rising mortgage rates as prospective buyers sought to lock in their loans. In the face of rapidly climbing mortgage rates , refinance comprised 28% of the mortgage market last month, the lowest level since November 2018. during the same period. during the same period.

Buyers 370

Buyers Mortgage Home Value Sellers 370

Appraisal Buzz

JANUARY 27, 2025

In addition, their analysis found that, between 2018 and 2023, sales prices of new mobile homes actually rose faster than those of new site-built, single-family homes. Key Findings of the Report The average sales price of new mobile homes rose by 58.34% between 2018 and 2023 in the U.S, easily tops $100,000. The report used the U.S.

Transportation 248

Transportation Design Government Finance 248

Housing Wire

MARCH 14, 2022

That being said, if interest rates continue to rise, we may see some small shifts in the market, and a short window of opportunity for eager buyers. Fortunately we have 2018 as a guide to understand the impact of rising interest rates on the housing market in 2022. Buyers should move quickly during this window of opportunity.

Housing Market 488

Housing Market Marketing Inventory Investors 488

Housing Wire

MARCH 11, 2024

Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans. In 2018, we introduced Wayfinder which was a more automated way to optimize a borrower’s credit score.

Buyers 459

Buyers Tools Lending Mortgage 459

Housing Wire

OCTOBER 24, 2024

A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes.

Real Estate 433

Real Estate Real Estate Agent Agents Clients 433

Housing Wire

AUGUST 28, 2020

“Hanging your license with Opendoor Brokerage as an independent contractor means you are eligible for a consistent, steady stream of highly motivated seller & buyer clients,” the job post reads. You will be able to service more buyers and sellers every year by being able to offer products no other brokerage can.”.

Brokerage 538

Brokerage Real Estate Agent Agents Real Estate 538

Appraisal Buzz

JANUARY 22, 2025

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. That is the biggest difference Zillow has ever seen. annually, down from 5.2% in December 2019.

Inventory 370

Inventory Home Value Tenants Property Management 370

Housing Wire

AUGUST 19, 2024

According to public record tax assessor data, all four are now also owner-occupied “I’m trying to establish our community again,” Morgan said, noting the extensive renovations he does before reselling the homes to retail buyers. For most Auction.com buyers, their motivations for investing in real estate are twofold.

Renovations 476

Renovations Buyers Development Investors 476

Housing Wire

OCTOBER 27, 2020

That’s down from an average 3.94% rate in 2019 and 4.54% in 2018. On a loan with 2018’s average rate of 4.54%? With 2018’s rate, your interest would clock in nearly $68,000 higher. Back in 2018, you could only afford about $235,000. As of Sept. 21, the average rate is clocking in at just 2.87%. A decade before that?

Mortgage 476

Mortgage Insurance Buyers Marketing 476

Housing Wire

DECEMBER 10, 2021

For example, if buyers are cooled by higher interest rates, the first thing that’s going to happen is they’re not going to make those immediate offers. In a normal market, we tend to see about 30% to 35% of sellers initially over-price their homes and eventually reduce the price to attract buyers.

Housing Market 543

Housing Market Marketing Inventory Sellers 543

Appraisal Buzz

DECEMBER 30, 2024

Between 2018 and 2023, 30% of rural homebuyers were denied mortgages due to credit issues, compared to 19% of urban applicants. Supporting Rural Lenders: Investments in rural banks, broadband expansion, and reduced origination costs can connect more rural buyers with financing options.

Legal 243

Legal Finance Modernization Mortgage 243

Housing Wire

DECEMBER 16, 2024

While we have 27% more homes for sale now than last year, we have 22% fewer homes on the market than at the end of 2018. More supply means more selection for buyers, it means less upward pressure on prices, and in some markets, more seller supply means home prices will move down in 2025. more than a year ago.

Inventory 418

Inventory Housing Market Marketing Sellers 418

Housing Wire

MARCH 12, 2024

While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP. That’s encouraged the ITIN buyers to come down and start buying.” But in the past, it was 20%, 10%.

Real Estate Agent 482

Real Estate Agent Real Estate Buyers Realty 482

Inman

MAY 8, 2024

Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11 percent from 2020 to 2023.

Buyers 165

Buyers Mortgage Marketing 165

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

Buyers 539

Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

OCTOBER 27, 2020

in August from a year ago, the greatest year-over-year gain since 2018, driven unsurprisingly by tightened supply amid record-low interest rates. advance the month prior, and the largest annual gain since July 2018, when rates sat closer to 4.52%. “By The S&P CoreLogic Case-Shiller index of home prices in 19* U.S. cities rose 5.7%

Technology 531

Technology Housing Market Investing Mortgage 531

Housing Wire

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

NOVEMBER 22, 2024

The sheer amount of additional supply on the market has really given buyers more of a leg up,” she said. “I Using 2017, 2018 as a normal level, delivery should start to look normal by 2027, 2028, so I think the market fundamentals will start to shift pretty soon.

Marketing 370

Marketing Housing Market Property Taxes Construction 370

Housing Wire

SEPTEMBER 18, 2023

The two-month decline in builder sentiment coincides with when mortgage rates jumped above 7% and significantly eroded buyer purchasing power,” said Alicia Huey, NAHB Chairman and a homebuilder from Birmingham, Alabama. With the lack of existing-home inventory, the new construction buyer mix also shifted.

Construction 493

Construction Buyers Housing Market Insurance 493

Housing Wire

JANUARY 17, 2024

A 5% sample of the UAD data was used, including the period between the third quarter of 2018 and the fourth quarter of 2021. of all purchased properties in the period analyzed between 2018 and 2021, despite national house prices growing rapidly. However, time adjustments happened to only 18.5%

Appraisal 487

Appraisal Contracts Finance Real Estate 487

Housing Wire

JUNE 5, 2024

The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. Even at the highest demand levels in 2024, purchase mortgage applications are about 45% lower compared to the same weeks in 2018 and 2019. Department of Veterans Affairs (VA) loan applications.

Mortgage 480

Mortgage Government Contracts Lending 480

Housing Wire

SEPTEMBER 28, 2020

Compare today’s housing market with that in 2018, when mortgage rates were heading toward 5% and monthly supply went above 6.5 In December 2018, I wrote: “Despite the terrible optics for the new home sales market, I caution everyone not to assume that we have hit our peak and are heading for an epic crash in housing starts and new home sales.

Inventory 532

Inventory Buyers Housing Market Mortgage 532

Housing Wire

NOVEMBER 14, 2024

Use these groups to find homes for picky buyers or find deals for your investor clients. If you tell your buyer about a property that’s not on MLS yet, you’ll be a hero! About Ashley Harwood Ashley Harwood began her real estate career in 2013 and built a six-figure business as a solo agent before launching Move Over Extroverts in 2018.

Real Estate Agent 418

Real Estate Agent Real Estate Agents Realtors 418

Housing Wire

DECEMBER 3, 2020

from September to October this year, which Homesnap said is significantly higher than the same figure in 2018 and 2019. Guy Wolcott, founder of Homesnap, says buyers need to be realistic about their budgets, stay on top of new listings and be prepared to make quick decisions, especially in a competitive market.

Inventory 546

Inventory Housing Market Marketing New Listings 546

Housing Wire

MAY 16, 2024

I am so proud of our network and the professionals that work tirelessly to guide buyers and sellers on their home selling and buying journeys.” ” According to a spokesperson at HomeServices of America, Budnick has no immediate plans for her next steps or role. In May 2021, she was named CEO of Berkshire Hathaway HomeServices.

Realty 441

Realty Sellers Buyers Real Estate 441

Appraisal Buzz

SEPTEMBER 10, 2024

With mortgage rates on the decline and housing supply ramping up, affordability is on the rise for many, Realtor.com’s latest market analysis found that much anticipated market relief is on the way, and many potential buyers are stepping off the sidelines. According to Zillow , the average U.S. home value is presently $362,481, up 3.3%

Inventory 397

Inventory Buyers New Listings Marketing 397

Housing Wire

JUNE 1, 2022

for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. Mortgage applications decreased to its lowest level since December 2018, as the purchase market continues to struggle with supply and affordability challenges.”.

Mortgage 459

Mortgage Contracts Retail Marketing 459