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.

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Buyers Mortgage Home Value Sellers 370

Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. 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.

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Housing Market Marketing Inventory Sellers 543

Housing Wire

OCTOBER 30, 2020

“Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states. These minimum price limits serve no legitimate purpose.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

JANUARY 6, 2025

In those times, we just had far more buyers than sellers. The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, seven years ago. In 2018, mortgage rates and inventory rose all year. When rates rise and stay high, like in 2018 or the last three years, inventory grows.

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Inventory New Listings Contracts Sellers 448

Housing Wire

OCTOBER 14, 2020

Since 2018, the NAR en Español initiative has helped Spanish-speaking Realtors leverage networking and additional sources, the association said. Last summer, NAR en Español hosted over 300 students from 15 countries for two virtual, accredited buyer representative and seller representative specialist courses, which were held in Spanish.

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Realtors Real Estate Sellers Development 476

Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. While Im sure there are instances where this is unfortunately the case, there are legitimate reasons why selling off-market is in the sellers best interest.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

JANUARY 8, 2025

Thats a lot more would-be home sellers when the time comes. But each year with higher rates means more willing home sellers. In 2025, we expect unsold inventory of homes on the market to get very close to the 2018 levels. More selection for buyers, for one thing. Only the best-prepared buyers would win.

Mortgage 488

Mortgage Inventory Finance Sellers 488

Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. from September to October this year, which Homesnap said is significantly higher than the same figure in 2018 and 2019.

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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.

Realty 441

Realty Sellers Buyers Real Estate 441

Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. Conversely, White and Hispanic Americans experienced gains in buyer shares. NAR found the age of repeat buyers increased to 59 years from 56 years last year.

Sellers 418

Sellers Buyers Real Estate Agent Real Estate 418

Housing Wire

OCTOBER 10, 2023

Fewer sellers see the upside of listing now New listings volume each week remains very low, and there are very few sellers who want or need to sell into this market. And there is certainly no flood of sellers. This inventory build is from a dearth of buyers, not from a surge of sellers.

Mortgage 482

Mortgage Inventory Contracts Sellers 482

Housing Wire

SEPTEMBER 4, 2024

Since its founding in 2018, Figure has originated more than $11 billion in home equity lines of credit (HELOCs). In June, the firm announced the launch of Figure Connect , a blockchain-based marketplace that connects buyers and sellers of private credit loans. allowing for the funding of a HELOC in as little as five days.

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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.”

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Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

MAY 30, 2024

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. I started thinking about it in 2018, it was kind of a transitionary year for me, in business. BR: This really came out of decades of being in the mortgage business.

Real Estate Agent 448

Real Estate Agent Real Estate Sellers Technology 448

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. percent (±11.9 percent (±13.7

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. New home sales, which are more likely to be affected by rising rates, plummeted 18.2% month-over-month.

Mortgage 543

Mortgage Construction Realtors Inventory 543

Housing Wire

APRIL 12, 2024

Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. Altos classifies scores above 30 to be indicative of a sellers’ market. I’ve seen buyers ask for and get between $8,000 and $10,000 in closing costs covered. Our insurance is pricing people out of their homes.”

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Insurance Housing Market Marketing Agents 459

Housing Wire

JANUARY 28, 2021

The update expands Zillow’s Local Legal Protections tool, which was created in 2018 to help LGBT home searchers identify if their rights were protected by local laws in certain jurisdictions. Today, both sellers and buyers expect to handle a majority of the process online. Presented by: 1 Percent Lists.

Landlords 488

Landlords Tenants Law Legal 488

Housing Wire

APRIL 26, 2024

My advice to sellers is to price your home fairly,” Chen Zhao, economic research lead at Redfin, said in a statement. Even though sellers are getting top dollar at the moment, they should price competitively to attract buyers from the start and avoid having to drop their price as stubbornly high mortgage rates eat into buying budgets.

Housing Market 467

Housing Market Marketing Insurance Sellers 467

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

APRIL 4, 2023

Jot’s proprietary technology matches home buyers and sellers with a qualified notary for their transaction and makes it easy for notaries to accept assignments that fit within their schedule, while providing the tools to successfully manage their business and access to professional development resources.”

Tools 370

Tools Sellers Real Estate Technology 370

Housing Wire

FEBRUARY 28, 2024

So if you want to actually generate leads from social media, focus on telling stories that resonate with local buyers and sellers. So get over your fear of being perfect and just start creating content that resonates with buyers and sellers in your farm area. It’s the median age for a typical first-time home buyer.

Real Estate 482

Real Estate Marketing Tools Contracts 482

Housing Wire

MARCH 22, 2024

According to an analysis by S&P Global , between 2018 and 2023, homeowners insurance rates in Florida have jumped by 43.2%. These rising costs are understandably impacting the ability or willingness of some buyers to purchase specific properties. From 2022 to 2023 alone, rates rose 15%. Literally since Jan.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

JANUARY 13, 2022

The median age of a first-time buyer for the past three years has remained 33 years old. Between 1981 and 2018, the median age of first-time buyers ranged between 28 and 32. There will soon be a wave of potential buyers aging into the first-time buyer age group. There are 23.4 million adults aged 28-32 in the U.S.

Buyers 488

Buyers Inventory Landlords Housing Market 488

Appraisal Buzz

JULY 16, 2024

homebuying season, Zillow’s latest monthly report finds that home listings are beginning to pile up as buyers step back from the peak of home shopping season earlier than usual. “A Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Dr. Skylar Olsen, Chief Economist for Zillow.

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Home Value Inventory Buyers Sellers 397

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. New listings When we look at the sellers entering the market, there were 45,000 new listings last week. That is 14% more home sellers listing their properties in December than the same week a year ago.

Inventory 418

Inventory Housing Market Marketing Sellers 418

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Yet tough credit standards are only one of several reasons the demand for home-only loans is not being met.

Business 476

Business Finance Lending Buyers 476

Housing Wire

OCTOBER 21, 2021

Endpoint , a platform that provides buyers, sellers and agents with a completely digital way to close on properties, announced Tuesday that it has secured an additional $150 million in funding. Since its founding in 2018, Endpoint has raised $220 million in capital.

Real Estate 418

Real Estate Investing Development Design 418

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. Mortgage rates followed suit, walloping buyers’ purchasing power. since the fourth quarter of 2018. New data from the U.S.

Inventory 459

Inventory Sellers Mortgage Marketing 459

Housing Wire

JULY 8, 2024

These sellers were on the market with another agent before and could not sell. This simple real estate script generates the best results because it acknowledges the sellers’ feelings and piques their interest: Hi. One of my favorite seller clients was a FSBO who I became friends with. This is [name] with [brokerage].

Real Estate 435

Real Estate Business Agents Sellers 435

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory.

Real Estate 467

Real Estate Open Houses Brokerage Real Estate Agent 467

Housing Wire

SEPTEMBER 18, 2024

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. 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. Everybody’s happy!

Real Estate 468

Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

OCTOBER 18, 2023

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. When you reduce the commission, you reduce the incentive for that agent to bring a buyer to your house.

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Training Agents Real Estate Real Estate Agent 459

Housing Wire

NOVEMBER 6, 2024

While Zillow’s growth is significant given the company only launched its mortgage business in late 2018, falling rates benefited every player in the mortgage industry. The company has also rolled out a form of buyer agent agreements that can be used prior to a home tour, and they are tailored to each state.

Mortgage 397

Mortgage Real Estate Real Estate Agent Realtors 397

Housing Wire

SEPTEMBER 30, 2020

The acquisition will make Howard Hanna Real Estate Services the largest home-seller in New York, Pennsylvania, North Carolina and South Carolina, Howard “Hoddy” Hanna III, chairman of Howard Hanna Real Estate Services, told the Pittsburgh Post-Gazette.

Realty 435

Realty Brokerage Real Estate Sellers 435

Housing Wire

FEBRUARY 25, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Zillow Offers, meanwhile, came into focus in 2018 when Rich Barton stepped back into the CEO chair.

Real Estate Agent 418

Real Estate Agent Home Value Real Estate Loan Officers 418

Housing Wire

JUNE 28, 2024

Each of these out-of-state Named Plaintiffs allegedly enlisted a buyer-agent in the period from 2018 to 2021 to purchase a home in these other states. The eighth Named Plaintiff purchased a home in Illinois in 2022 using a buyer-agent from Berkshire Hathaway HomeServices,” the filing states.

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Brokerage Realtors Law Real Estate 392