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.

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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 384

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. This year is another big move.

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Mortgage Inventory Contracts Sellers 424

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. Sellers remain in control, but the next month or two will be very telling,” Stacey Delgado, a Redfin agent in Raleigh said.

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Buyers Inventory Real Estate Agent Sellers 460

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. Compare this to just over 3 million as we emerged from the pandemic frenzy in Q1 2022.

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Mortgage Inventory Finance Sellers 468

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.

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Landlords Tenants Law Legal 488

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.

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Inventory Housing Market Marketing Sellers 408

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.

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Mortgage Construction Realtors Inventory 539

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. Its technology is available to homeowners in 47 states and Washington, D.C.,

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Housing Wire

MARCH 23, 2022

As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. Then in 2018, when mortgage rates got to 5%, we saw a supply spike in the monthly home sales data and their stocks were down over 30%. Like home sellers, they try to make as much money as possible.

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Mortgage Inventory Housing Market Construction 462

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.”

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Tools Sellers Real Estate Technology 346

Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. In 2018, sales trends fell from 5.72 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better. Higher rates and sales data.

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Mortgage Inventory Sellers Housing Market 513

Housing Wire

MARCH 13, 2024

Over the past five years, insurance premiums have risen by an average of nearly 34%, according to the S&P Global data, with Progressive recording the highest cumulative rate change since 2018 at 55.3%. But if there was a new roof, it would be $2,800 a year, so we ended up renegotiating with the seller for a new roof,” Clarkson explained.

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Real Estate Agent Insurance Real Estate Agents 450

Housing Wire

NOVEMBER 28, 2023

The company delivered more than one million floor plans for 50,000 companies since its inception in 2018. Equipping our members with easy-to-use floor plan creation tools will enhance the services they offer to both homebuyers and sellers.

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Tools Technology Real Estate Training 381

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.

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Realty Sellers Buyers Real Estate 326

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.

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Sellers Real Estate Agents Real Estate Agent 333

Housing Wire

JULY 13, 2021

Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. In 2018-2019, total housing inventory was in the range between 1.52 . “It was almost impossible to get an offer accepted. But recently, we’ve started to see buyers get cold feet. million and 1.92

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Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

DECEMBER 8, 2020

Since 2018, Redfin has also offered its Concierge listing service in both markets, for a listing fee as low as 2%. We’re the only national brokerage working to offer home sellers a complete range of options to meet their needs.”

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Real Estate Agent Real Estate Agents Brokerage 493

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.

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Real Estate Agent Real Estate Sellers Technology 413

Housing Wire

DECEMBER 10, 2020

Homebuyers, sellers and borrowers expect a flexible closing experience that caters to their digital-first lifestyles – and one that adheres to social distancing guidelines as well. Whether our end users prefer to close fully remotely or in-person, JetClosing provides the most comprehensive solution for both.”.

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Housing Market Marketing Real Estate Sellers 372

Housing Wire

NOVEMBER 4, 2022

These factors also impacted when, where and how buyers purchased homes, according to NAR’s 2022 Profile of Home Buyers and Sellers , which also analyzed the demographic of buyers and sellers across America. Those who have housing equity hold the cards and they’ve fared very well in the current real estate market.

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Sellers Buyers Real Estate Agent Real Estate 363

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.

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Realty Brokerage Real Estate Sellers 435

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.

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Housing Market Marketing Insurance Sellers 378

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. since the fourth quarter of 2018. How quickly would sellers return if rates were lower? New data from the U.S.

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Inventory Sellers Mortgage Marketing 418

Housing Wire

OCTOBER 23, 2024

How to prepare for a listing appointment Have a quick call with the sellers to ask them about their motivation, timeline, and price they have in mind. You can send everything electronically if they prefer, but I always like to have hard copies on hand just in case that’s easier for the sellers. Business cards.

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Agents Real Estate Sellers Real Estate Agent 367

Housing Wire

APRIL 17, 2024

On the supply side, the market continues to improve with an increasing number of properties being listed on the market as more sellers begin to accept the new normal.” From 2018 through 2023, effective rates jumped by 33.8% The statewide median sale price rose on an annualized basis for a ninth straight month in March, jumping 7.7%

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Insurance Housing Market Realtors Inventory 405

Housing Wire

OCTOBER 29, 2020

On Wednesday, Case-Shiller’s home price index for August jumped 5.7% – the greatest year-over-year gain since 2018. The Federal Reserve began buying bonds in March to buffer the shutdown’s economic blows and make borrowing cheaper, and consistently low and steady mortgage rates have pushed homebuyers to flood the market.

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Mortgage Transportation Construction Sellers 397

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.

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Real Estate Investing Development Design 363

Housing Wire

MAY 10, 2022

More inventory is both the consequence and cause of a more balanced housing market: More choice for home shoppers limits the number of buyers bidding on each home, and the added competition lights a competitive fire under sellers and their listing agents to make their homes shine, including by pricing it competitively.

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Inventory Housing Market Construction Sellers 411

Housing Wire

FEBRUARY 6, 2023

points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On While buyers seem to be returning to the market early in 2023, purchase loans locked in January are still off by 13% compared to the 2018 and 2019 pre-pandemic levels. points paid, Ben Graboske, president of Black Knight Data & Analytics, said.

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Inventory Mortgage New Listings Home Value 396

Housing Wire

APRIL 19, 2022

The March rate for units in buildings with five units or more was 574,000 As you can see below, the housing starts data have been in a solid uptrend from the lows in 2018. I often talk about the 2018 housing market because the builders showed stress in their business when mortgage rates hit 5%, which created a supply shock for them.

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Mortgage Housing Market Construction Marketing 421

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.

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Real Estate Agent Home Value Real Estate Loan Officers 375

Housing Wire

MAY 26, 2022

If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels.

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Inventory Housing Market Construction Marketing 500

Housing Wire

SEPTEMBER 6, 2023

FundingShield and TCS aim to protect more lenders, homebuyers, sellers from wire and title fraud, both companies said. A total of 2,284 complaints were received in 2022, the second most ever, after an all-time high of 2,593 in 2018. The partnership comes amid an increase in wire and title fraud risk.

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Real Estate Insurance Investors Lending 374

Appraisal Buzz

SEPTEMBER 10, 2024

In order to determine the “Best Time to Buy,” Realtor.com analyzed six supply and demand metrics at a national and metropolitan level that follow seasonal patterns, using data for 2018-2023 period (2020 data was omitted due to anomalies caused by the pandemic). The week with the highest composite score was considered the best time to buy.

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Inventory Buyers New Listings Marketing 397

Appraisal Buzz

JULY 16, 2024

Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Dr. Skylar Olsen, Chief Economist for Zillow. Homes sold in June were typically on the market for 15 days before the seller accepted an offer. elementor – v3.22.0 – 26-06-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color

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Home Value Inventory Buyers Sellers 397

Housing Wire

APRIL 11, 2022

In the face of rapidly climbing mortgage rates , refinance comprised 28% of the mortgage market last month, the lowest level since November 2018. As home prices surged in the sellers’ market, the average loan rose by more than 23% to just under $361,000 in March from February.

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Buyers Mortgage Home Value Sellers 367