Housing Wire

APRIL 7, 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. There might even more intensity this year, since 2020’s spring homebuying season was limited by virus-related lockdowns,” Duncan said.

Sellers 518

Sellers Real Estate Real Estate Agent Loan Officers 518

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. Sellers are coming back to this housing market. That’s the most since 2020 — before the pandemic. The takeaway here is: we can see new sellers, more than last year. It’s not a ton of sellers.

Sellers 426

Sellers Housing Market Buyers New Listings 426

Housing Wire

JANUARY 28, 2022

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said.

Sellers 459

Sellers Investing Investors Housing Market 459

Housing Wire

AUGUST 17, 2022

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. Institutions with less than $1 billion in originations during a 12 month period would be exempt — a new carveout the agencies said is for “small sellers.”.

Sellers 385

Sellers Government Lending Finance 385

Housing Wire

DECEMBER 30, 2020

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. July also reported that thanks to low rates, the second quarter of 2020 experienced a 12-year high in homeownership. By the end of 2020, only Guild and Rocket actually entered the public markets.

Mortgage 545

Mortgage Investors Housing Market Marketing 545

Housing Wire

FEBRUARY 28, 2022

The Federal Housing Finance Agency (FHFA) proposed some key changes to requirements for single-family seller servicers that do business with the enterprises. The charge would counteract the risk of “significant price spikes” that could trigger margin calls, which the FHFA said it observed in March 2020.

Sellers 390

Sellers Government Business Investors 390

Housing Wire

NOVEMBER 9, 2020

While the state of the market shines brightly for prospective buyers and sellers, the economy overall is showing some slight hesitation. The post Buyers and sellers agree: it’s a good time to enter the housing market appeared first on HousingWire. But that does still leave an estimated 11.1 million Americans unemployed.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Sellers think it’s a seller’s market. From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull.

Housing Market 412

Housing Market Marketing Sellers Buyers 412

Appraisal Buzz

JUNE 27, 2024

Since the start of the epidemic in 2020, when the housing market all but collapsed, this is the first year that the average home has sold for less than list price during this time of year. That percentage is down from 36% a year ago and is the lowest for any June since 2020. According to a new Redfin study , the average U.S.

Sellers 417

Sellers Buyers New Listings Agents 417

Housing Wire

FEBRUARY 24, 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 in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 313

Real Estate Agent Real Estate Agents Loan Officers 313

Housing Wire

OCTOBER 21, 2024

But while the debate surrounding CCP has only begun to boil over in the past six weeks, the policy in its current form dates back to 2020 — and the intention at the heart of it goes back even further. Fooling themselves’ While some in the real estate industry find the argument of increased seller choice compelling, others are not buying it.

Brokerage 440

Brokerage Real Estate Sellers Agents 440

Housing Wire

JULY 24, 2024

It’s the largest year-over-year increase for any month in the past year and the highest share for the month of June going back to 2020. There are more listings hitting the market, but a lot of them aren’t in good condition or they’re not in a desirable neighborhood — and sellers are pricing unrealistically high.” a year ago.

Sellers 426

Sellers Housing Market Buyers Marketing 426

Housing Wire

AUGUST 14, 2024

According to data from CoreLogic, Denver’s average price per square foot has risen 35% since 2020. This gave sellers the upper hand, but the market has turned in recent months. This has taken power away from sellers, who now face a shortage of potential buyers. year over year. People still need to upsize or downsize.”

Buyers 446

Buyers Housing Market Marketing Sellers 446

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.

Agents 374

Agents Real Estate Sellers Real Estate Agent 374

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. Homes that were for sale in Baltimore and Baltimore County on June 11, 2020.

Brokerage 545

Brokerage Sellers Buyers Agents 545

Housing Wire

MAY 28, 2024

There are more homes on the market now than anytime since August 2020. This number will probably peak at about 700,000 this summer, crossing over 2020 levels at that point. No one wants a scenario in which there’s a flood of sellers but no buyers. In a few weeks — probably early July — inventory is likely to surpass 2020 levels.

Inventory 531

Inventory New Listings Contracts Sellers 531

Housing Wire

JUNE 14, 2024

The first occurred in May 2020, when the lockdowns imposed during the COVID-19 pandemic brought in-person showings and sales to a halt. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% year over year. Of the 10 U.S.

Sellers 488

Sellers Buyers Contracts Brokerage 488

Housing Wire

NOVEMBER 17, 2022

That uptick is largely thanks to the controversial 50 bps “adverse market fee” applied starting in late 2020, which originators railed against and was ultimately discontinued in July 2021. In 2021, 75% of guarantee fees in came from large sellers, with just 1% coming from small sellers. billion. .

Marketing 385

Marketing Sellers Finance Mortgage 385

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. In that period, we can see seller volume decreasing as more and more Americans had mortgages under 5%.

Mortgage 438

Mortgage New Listings Inventory Sellers 438

Simonson Real Estate

FEBRUARY 26, 2021

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic.

Landlords 117

Landlords Tenants Buyers Development 117

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. The lawsuit is seeking class action status for anyone who has used Latter & Blum as listing broker for sale of a home on an MLS in Louisiana and paid a buyer broker commission between March 5, 2020, and the present. In a lawsuit filed on Tuesday in U.S.

Brokerage 423

Brokerage Sellers Realtors Agents 423

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

Real Estate Agent 344

Real Estate Agent Buyers Sellers Realtors 344

Housing Wire

MAY 8, 2024

Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. On March 18, 2020, purchase application data broke out to pre-cycle highs in demand. So you can see why we have so few stressed sellers.

Inventory 499

Inventory Law New Listings Sellers 499

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. 16, 2020, and the present. The copycat commission lawsuit was filed on Friday in U.S.

Real Estate 451

Real Estate Realtors Realty Brokerage 451

Housing Wire

JULY 23, 2024

The affordability issues we are now seeing make the housing market more balanced in the supply levels between buyers and sellers. The last time unsold inventory posted a four-month supply was May 2020 (4.5 My affordability index model was created for 2020-2024 because this was such a unique period in U.S. months in May and 3.1

Marketing 485

Marketing Inventory Housing Market Buyers 485

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. When inventory bounces back The extremes of the 2020s have dealt big blows to for-sale inventories. New data from the U.S.

Inventory 448

Inventory Sellers Mortgage Marketing 448

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

APRIL 12, 2024

According to Altos Research data , 90-day median list prices have risen from roughly $230,000 in April 2020 to $275,000 in early April 2024, contributing to the slowdown in home sales. year over year, and nearly identical to the 2,492 homes sold in February 2020 prior to the COVID-19 pandemic. recorded in mid-February 2020.

Insurance 447

Insurance Housing Market Marketing Agents 447

Housing Wire

NOVEMBER 15, 2024

We had multiple refinancing waves in 2012, 2016, 2020 and 2021. We had a lot of stressed sellers back then! New listings data this week: 2024: 48,863 2009: 274,614 2010: 359,534 2011: 315,915 These credit-stressed sellers did not turn around and buy another home, so they created years of elevated distress supply in the marketplace.

New Listings 493

New Listings Sellers Mortgage Law 493

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. 17, 2020, and the present.

Realtors 522

Realtors Brokerage Real Estate Realty 522

Appraisal Buzz

JULY 24, 2024

year-over-year, the largest annual rise in a year and the highest share for any June since 2020. This trend is contributing to a glut of unsold inventory. “There are more listings hitting the market, but many are in poor condition or undesirable neighborhoods, and sellers are pricing unrealistically high.

Inventory 433

Inventory Marketing HOA Contracts 433

Housing Wire

MARCH 18, 2022

Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. Inventory has been slowly falling since 2014, so if demand picks up in 2020-2024, it can collapse to shallow levels. I thought creating the term forbearance crash bros in the Summer of 2020 would help educate homebuyers.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

OCTOBER 28, 2024

Requirements and the effective date will be available in the upcoming single-family seller/servicer guide bulletin. billion since early 2020. Meanwhile, Fannie Mae announced that changes to the value acceptance programs will begin in the first quarter of 2025.

Appraisal 459

Appraisal Valuation Inspection Sellers 459

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 459

Sellers Buyers Real Estate Contracts 459

Housing Wire

SEPTEMBER 12, 2024

million homes on the market, buyers have the most properties to choose from since September 2020. Importantly, Zillow also notes that mortgage rates — which crept down to 6.42% on a 30-year conforming loan as of Thursday, according to HousingWire ‘s Mortgage Rates Center — don’t impact buyers and sellers in the same manner.

Housing Market 481

Housing Market Marketing Inventory Buyers 481

Housing Wire

JULY 23, 2024

the highest number since the early days of the COVID-19 pandemic in May 2020. We’re seeing a slow shift from a seller’s market to a buyer’s market,” NAR chief economist Lawrence Yun said in a statement. “We’re Homes are sitting on the market a bit longer, and sellers are receiving fewer offers.

Inventory 494

Inventory Buyers Sellers Inspection 494

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 74

Sellers Realtors Buyers Inventory 74